In a short sale transaction, it is critical to be organized and prepared, and there is a lot to overlook, so pay close attention.
If you're just getting interested in short sales, or are a veteran, we're betting some of these tips could still be news to you!
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...
New data from RealtyTrac shows falling prices and increasing frequency of sales of distressed properties, with improving process times for aggressively priced short sales.
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...
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...
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...
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...
It was announced weeks ago that Fannie Mae and Freddie Mac had a master plan for speeding up and improving the short sales process, but the...
Short sale transactions can be extremely nuanced and detailed for a practitioner, but there is one frequently overlooked tip for an effective short sale closing, because...
At the beginning of the recession, banks did not have massive levels of inventory of foreclosure homes, so an inherent stubbornness around agreeing to short sales...
A common rookie mistake when evaluating short sale offers is to run with the highest bidder, but there are many more questions that an agent must...
There are so many little details that need to be considered when you are processing a short sale. Don't forget to ask for help and support,...
Bank of America's short sale process is unique, especially with the use of a program called Equator, which each bank uses differently. Navigating these waters can...
Short sales require a great deal of patience on the part of homeowners as well as their listing agents, but survival sometimes depends on whether or...
Short sales are just one of a homeowner's many options, and a well-informed Realtor can potentially earn a short sale listing by keeping potential clients informed...
Large short sales incentives? I had a short sale seller call my office the other day because he wanted that humongous short sale incentive that is...
A scary meeting The short sale listing appointment can be a super intimidating and scary meeting for any borrower that is considering listing and or selling...
HOAs are taking a more active role in real estate transactions, threatening foreclosure when short sales are not expedient.
How REOs are killing the market This week an asset manager contacted me to get pre-listing information on a house about to be foreclosed on. Brokers...
Short sale woes If you have taken more than a few short sale listings, then it has probably happened to you. You have taken the listing,...
Are your counter offers airtight? I’m not much on guns, except maybe squirt guns, when it is around 115 degrees outside. However, I always seem to...
Lessons from Sullenberger and Schettino When I was 16, I got my first part-time job. Since I was nervous, my mother said, “Just do your best,...
How to Create a Comprehensive HUD-1 One of the most unique and challenging components of the short sale transaction is the creation of the estimated settlement...
Short Sale Primer A buzzword is an informal term for a fashionable word or phrase, and we have lots and lots of those in the distressed...
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