short sale home list: “This House Has Not Been Stigmatized As a Foreclosure” (Yet):
- 06/15/10 06:01 AM
In the past 6 months, I have found more and more cases where the BPOs and Appraisals that Loss Mitigation Departments are receiving are higher than foreclosures in the same area - and even in the same subdivision. I have a client who is working on a Short Sale with one of the Big Banks. The bank sent me an appraisal on the property, after I submitted the one and only offer I have received for this property in six months. The negotiator came back and countered the offer asking for $35,000 more than the buyer was willing to pay. Not (3 comments)
short sale home list: Short Sales Work - If You Have The Time
- 10/21/08 05:11 AM
Even though the percentage of short sales I've closed has been very high (85% of them were successful), the remaining 15% leaves a bitter taste in my soul. And I always come to the same conclusion: If I had a little more time.... It would have been another successful transaction. Short Sale transactions are full of emotions. None of us would like to be in this position and lose that for which we have worked for many years, a home for our children and our family. When those emotions pull at our hearts and hinder our reasoning, we are not only (0 comments)
short sale home list: How will the bailout affect Main Street - and YOU?
- 10/14/08 01:52 AM
While you (and I), like many Americans, may not like the bailout bill much, it is pretty clear we were facing financial turmoil if something had not been done. The argument is that while this bails out Wall Street, what does it do for Main Street (me)? It is a confusing bill and a confusing time. But one of the things I always try to do is to help you Understand the Language of Real Estate, and this will affect the Real Estate market pretty directly. The root of the whole problem was that banks could no longer borrow from each (0 comments)
short sale home list: Success Story of the month
- 10/04/08 03:40 AM
Yes, short sales can take a while to work through, and here is an example. Back in May, I published an article about Interviewing the agent who will represent you. The transaction that inspired that story will close this week.The controversy at the heart of that article was whether to choose the "expert in the neighborhood" or the "short sale expert". It was a high-end home in a prestigious neighborhood, and the Seller was worried about choosing between el The Neighborhood specialist (Agent) or an agent outside his neighborhood who specialized in Short Sales. Well, the client chose me, the Short (0 comments)