The word on the street is that Fannie Mae is no longer postponing foreclosure auctions-that even if there is a short sale in process, Fannie Mae is taking the properties to auction. So, is it true? And if it is true, is the sky really falling on short sales? Let me remind you that if Chicken Li
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03/31/2010
From the The Sheboygan Press, December 1929: "Bill ['Lucky' Bill McKechnie, manager of the Boston Braves] figures he can finish behind the eight ball with any kind of a ball team...as there's nothing to lose beyond last place." If your buyer's lender is just submitting a loan package to initial u
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03/29/2010
Why? Why? Why? Why? Why? Why? Six-that's the minimum number of times I tell my team to ask, "Why?" in order to get the core issue when they run into a roadblock or meet with resistance. If the answer you receive to the first Why is Because that's the way we've always done it--ask "Why?" agai
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03/22/2010
Why? Why? Why? Why? Why? Why? Six-that's the minimum number of times I tell my team to ask, "Why?" in order to get the core issue when they run into a roadblock or meet with resistance. If the answer you receive to the first Why is Because that's the way we've always done it--ask "Why?" agai
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03/22/2010
Ever head out on a long trip with your family and have the kids ask, "Daddy, are we there yet?" as you hit the five-mile mark? That, in theory, is what happens to us when it comes to dealing with some agents. They insist, "You guys need to follow up with the bank everyday, several times a day,
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03/19/2010
Sally had a short sale deal--a serious buyer. Hooray for Sally! Imaginary confetti for everyone! Things were moving forward with the bank, but the bank took longer than expected to approve the short sale. (That happens these days.) Two months into the process, Sally's serious buyer walked.
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03/15/2010
It is supposed to be the salvation of the short sale. We are all going to get approvals from lenders in 10 short days. We will be able to link arms, sway from side to side in perfect rhythm singing, "I believe I can fly! I believe I can touch the sky!" The only thing missing will be Tinkerbel
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03/12/2010
Ever hear of the band Club Nouveau? No? What if I asked you to sing the first couple of lines of the chorus to "Lean on Me"? All together now... "Lean on me when you're not strong, and I'll be your friend. I'll help you carry on..." Yep. That was Club Nouveau. They were what the experts call
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03/05/2010
