Short Sales
Posts filed under Short Sales
on 04/20/10
Being that the real estate climate is what it is these days, it would seem that lenders would be begging for short sales. If you ask: “why would a lender consider a short sale where they receive le...
on 04/18/10
On April 14th, there was a big announcement by Fannie Mae in an effort to support overall market stability and to certainly reinforce the importance of borrowers to work with their lenders when the...
on 04/17/10
"Home Seizures By Bank Set Records" was the title of the article published on MSN just the other day. It's really worth the read if you want to fully understand what's happening in the real estate ...
on 04/10/10
Welcome to a World of suffering and punishment. That’s the current state of the real estate industry as it relates to short sales – it’s hell out there! In most
on 04/03/10
Just on November 30th, 2009, the Treasury Dept. released the forms and guidelines for the new Home Affordable Foreclosure Althernatives Program (HAFA). This program is expected to be a huge leap fo...
on 04/02/10
As my short sale inventory increases, I'm finding it absolutely essential to be able to explain the short sale process in a way that help distressed homeowners feel comfortable and confident in the...
on 02/15/10
Wachovia Bank has officially rolled out their Fast Track Short Sale Program in Southern California! The manager of the Short Sale Department spent a good deal of time in my office recently to talk ...
on 10/05/09
I am boggled by the high production value of Suze's video. She is certainly as passionate about helping homeowners avoid foreclosure as I am.
on 08/22/09
1. DO NOT send multiple offers to the bank. If you put yourself in the bank's shoes, what would you do if you got 4,5, 6 or 10 offers on your property? You might be inclined to wait to see if you g...
on 08/05/09
Through my latest affiliation with PartnerFirst.Org, I have learned the 'Magic Bullet' to determining if a short sale is viable for a homeowner that's struggling to make their mortgage payments and...
on 04/02/09
I am on my way this afternoon to sign a listing agreement with a homeowner who is upside down. He owes $635,000 on his mortgage, and his home is currently worth no more than $580,000. His negative ...
on 04/01/09
On January 29th, 2008, BGS3, the National Processing Center for Short Sales, announced Program 3648.
What was announced was the release of a nationwide campaign to certify qualified real estate pr...
on 01/16/09
I can promise you that it’s anything but a short transaction!
Simply put, a short sale (also referred to as a ‘pre-foreclosure’), involves the sale of real estate whereby the proceeds from the sal...
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