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Residential
Mortgage
Does your short sale seller have a legitimate hardship?
There are many recognized hardships that lend to a simple short sale process, but some hardships are seen as less legitimate by banking institutions and slow the process.
Residential
Seller motivation is key to short sale success
Seller cooperation is key to the success of any short sale listing, so here are four ways to assess this, which is key to getting any short sale listing sold.
Residential
How to write an effective email to the short sale lender
If you want to draw attention to a short sale file, have a legitimate reason to express concern, and remember that what you write could lead to either the success or the demise of your short sale transaction. That’s why it’s best to choose your words carefully. Don’t be a bully or a tattletale.
Mortgage
Latest changes to the Bank of America short sale process
When processing short sales, it’s important to know about how each of the lending institutions handles loss mitigation and paperwork processing. If you have done a few short sales in Equator with different lenders, you may see what while your same Equator account is used for all your short sales at all the lending institutions, each of the servicers uses the platforms in a different manner.
Residential
Quick tips for working with tenants in short sale listings
It is nearly impossible to quickly and efficiently sell a property with an uncooperative tenant. And, since time is of the essence in a short sale where the mortgage payments have ceased, it is vital that tenant and landlord get on the same page.
Business News
Real estate listing syndication debate continues, reasons begin to vary
Three months into pulling listings from syndication, ARG broker, Jim Abbott offers an update and allegations of wrongdoing by one real estate search company, while an Austin brokerage pulls their listings due to ads for competitive agents appearing next to their listings.
Residential
How to command the short sale lender’s attention
While it is feasible for Lady Gaga to wear a meat dress to her job to command attention, a short sale takes much more specific finesse in order to get a deal done. Here are some ways to do just that.
Housing News
Nationwide Open House Weekend offers over 31,000 listings
Are open houses coming back as an effective marketing tool? Have things come full circle? This weekend's Nationwide Open House Weekend already has over 31,000 listings participating, with the likelihood more will be added.