northern virginia short sale agents: Northern Virginia Short Sale Quiz: Question #1
- 02/23/12 03:06 AM
Northern Virginia Short Sale Quiz: Question #1 Seems there is a lot of misunderstandings about Short Sales in Northern Virginia on the part of buyers, sellers and even other agents. When you've been working with Short Sales like I have since 2007, they really aren't as complicated as people make them out to be. Yet, the stumbling blocks seem to be the same from transaction to transaction. Let's clear up some of those stumbling blocks right now in a fun way. I'll post a question about Short Sales and give you a multiple choice or true/false or yes/no answer. You put your … (15 comments)
northern virginia short sale agents: A Bait-and-Switch Buyer on a Northern Virginia Short Sale---Why Am I Not Surprised?
- 04/26/11 03:07 PM
A Bait-and-Switch Buyer on a Northern Virginia Short Sale---Why Am I Not Surprised? I've said it time and again. For a Buyer to be taken seriously when writing an offer on ANY listing...no less a Northern Virginia Short Sale, they have to put their money (Earnest Money Deposit) where their mouth is. If you are a CASH Buyer, for instance, a larger EMD would be expected. And allowing that EMD to be deposited when the contract is ratified makes perfect sense. Allow me to introduce you to the Bait-and-Switch Buyer. This guy will offer all cash on a Short Sale Listing, above … (15 comments)
northern virginia short sale agents: An Impromptu Short Sale Summit
- 11/22/10 01:45 PM
Mondays of a short work week are guaranteed to make you tired, especially if you're a Short Sale Agent like me. Five weekdays are just enough to get all my Short Sales a little further down the field and closer to the end zone. A four day...wait...who are we kidding....a THREE day work week is pushing it. Somehow, Elizabeth Weintraub and I managed to have a lovely conversation about our respective roles as Short Sale Agents today. There Elizabeth was on the other end of my phone, surprised I didn't have a southern accent. Yeah, I live in a southern state … (9 comments)
northern virginia short sale agents: The Quest to Fax a Northern Virginia Short Sale Contract Package
- 11/12/10 02:58 AM
Why some Short Sale banks have not come into the electronic age is beyond me. Emailing Short Sale Contract Packages makes so much more sense to me than faxing something off to what I imagine to be a poorly maintained fax machine, spitting out faded pages onto an overflowing work area. Of course, that's not where faxes go when you fax to Wells Fargo, the bank in question here. They are sent to a number that converts the document to....you guessed it....an ELECTRONIC IMAGE. So why can't I email it my Short Sale Contract Package to them? This week, I was … (14 comments)
northern virginia short sale agents: I'm a Northern Virginia Short Sale Listing Agent, Not a Crook
- 08/05/10 02:49 PM
Working as a Northern Virginia Short Sale Listing Agent, I have a unique perspective on many of the distressed property situations and the behaviors exhibited by sellers, buyers, real estate agents, banks and investors. Maybe it's the journalism major in me. I have a nose for news. I want to know the ins and outs of every situation in which I find myself. And the straight arrow in me, that likes holding a real estate license in the Commonwealth of Virginia, takes all the information at hand and figures out how to help my buyers and sellers without risking any of … (20 comments)
northern virginia short sale agents: Preparation and Invovlement is the Key to Short Sale Success in Northern Virginia
- 06/22/10 04:38 AM
Yesterday, as I was driving on the Prince William County Parkway, I was behind a work truck of some kind. It was an industrial pick up with a fence elevating the sides of the truck's bed. I have no clue what this driver was hauling, but I got three chances to find out when he lost three loose items from the bed of his truck. Mind you, he didn't lose three items all at once. It happened one at a time. Finally, after losing the third item, which I believe was an empty plastic bag that may once have housed soil or … (4 comments)
northern virginia short sale agents: Oakton, VA Short Sale Sold! Thank You Wells Fargo.
- 02/25/10 08:30 AM
The story of this Oakton, VA Short Sale started on September 11, 2009 when the short sale listing became active at a list price of $248,000. Naturally, I thought the short sale seller made an outstanding choice of Short Sale Listing Agent. And coming to the conclusion of a successful settlement this morning, the seller thinks he made a great choice in Short Sale Listing Agent too. There were two loans, both with Wells Fargo. Wells Fargo is a bank with which I have had a great deal of short sale success. It probably comes from their internal time frames and ability to … (5 comments)
northern virginia short sale agents: Grow Where You Are Planted
- 09/28/09 01:45 AM
I was on a business trip to Wichita, KS about 15 years ago. While I was there, I saw this really neat sign at a craft store. It was a watering can with the phrase, "Grow Where You Are Planted" arched above. I still love that phrase, and it's come to mean so much more as I grow into my career as a Realtor. Growing where I'm planted meant becoming a Short Sale specialist these past two years. Many of the homes in the Linton Hall corridor between Gainesville and Bristow, where I am located, were built during the real estate … (10 comments)
northern virginia short sale agents: What Northern Virginia Short Sale Sellers Need to Know about Promissory Notes
- 09/16/09 09:45 AM
What Northern Virginia Short Sale Sellers Need to Know about Promissory Notes Northern Virginia short sale sellers are not always given a "get out of jail free" card when it comes to gaining short sale approval from their mortgage holders. More frequently, mortgage holders are asking for a certain amount of money to repaid at settlement, in the form of a cash contribution, or through a a promissory note (signed agreement to repay through pre-determined installments). The amount is a portion of the remaining balance of the loan, not satisfied by the proceeds of the home sale. How the mortgage holder determines the amount … (7 comments)
Northern Virginia Short Sale Quiz: Question #1
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