Coaching
Avoid letting HOAs play God with your short sale deal
HOAs are taking a more active role in real estate transactions, threatening foreclosure when short sales are not expedient.

Coaching
Disputing a property’s value in a short sale: turn a no into a go
During a short sale, there may be various obstacles, with misaligned property values ranking near the top, but it doesn’t have to be a dealbreaker!
Coaching
Short sale standoffs: how to avoid getting hit
The short sale process can feel a lot like a wild west standoff, but there are ways to come out victorious, so let’s talk about those methods:
Coaching
Short sale approval letters don’t arrive in the blink of an eye
Short sale approval letters may look like they’ve been obtained simply by experts, but it takes time and doesn’t just happen with luck.
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Greg Cook
February 14, 2012 at 9:48 am
Melissa, I've heard it said on a number of occasions that the buyer pick up delinquent HOA fees. After all the properties are such a deal, they should chip in.
Great in theory, BUT if the buyer does pay any of these fees they have to be disclosed on the HUD, the amount considered in their cash to close AND it will count against Section 32 and FNMA high cost limits.
Don't negotiate your clients out of their new home.
Eric Johnson
February 21, 2012 at 9:15 am
Sellers need to understand that HOAs are using personal liens more often vs foreclosure so it's in their best interests to keep the HOA current.