short sale tips: Help! I've Been Asked for Highest and Best on a Short Sale!
- 04/17/11 06:16 AM
Short Sale Q & A Help! I've Been Asked for Highest and Best on a Charlotte NC Short Sale! A recent buyer asked the following: "I put the only offer on a short sale and the next day I'm told there's another offer and I need to put in the highest and best. Is it a fake offer?" The buyer is concerned because the home has been on the market for a couple of months and now, all of a sudden, there are multiple Offers on the property. He is concerned because his agent said that there is no way to determine … (14 comments)
short sale tips: Why Does a Charlotte SHORT SALE Seller Care if You Write a Low-ball Offer?
- 02/26/11 01:03 PM
Why Does a Charlotte SHORT SALE Seller Care if You Write a Low-ball Offer? Buyers and even, more often than we would like to see. their agents don't understand why a seller would care at all about the Offer which they receive on their short sale home for sale. Why would sellers care about the Offer they receive on their short sale home for sale? First of all, let's be clear about the definition of a short sale: A short sale occurs when the seller does not have sufficient proceeds to pay off their mortgage. In order for the transaction to … (43 comments)
short sale tips: What's the Difference Between Foreclosures and Short Sales?
- 01/09/11 03:45 PM
What's the Difference Between Foreclosures and Short Sales? You've got to love reading through some of the questions and answers on Trulia! I always love to clear up the consumer's questions that seem to be so simple for us but, not so elementary for those who are not in the real estate business. Here's the short version of a recent question that I thought needed a bit of clearing up:
What is the difference in a foreclosure and a short sale and which is the best one to buy? In response to the initial question - The difference … (79 comments)
short sale tips: Thinking of Walking Away? What About the Deficiency Judgement?
- 12/19/10 08:57 AM
Thinking of Walking Away? What About the Deficiency Judgement? Many homeowners who are facing foreclosure fail to consider is the possibility of a deficiency judgment. Deficiency judgments are levied by your former lender, who simply 'sues' you for the balance of what was owed on your mortgage at the time of the foreclosure less the eventual sales price, plus legal expenses, penalties, etc. If the primary mortgage of $300,000 nets the lender (after foreclosure) $150,000, the amount of the deficiency would be $150,000 + legal fees, penalties, etc. Homeowners facing foreclosure in North Carolina can and are walking away or otherwise … (7 comments)
short sale tips: Short Sale Q & A - What are the Pros and Cons of Short Sales
- 05/23/10 05:07 PM
Short Sale Q & A - What are the Pros and Cons of Short Sales Q - What are the pros and cons of a short sale ? A - A short sale occurs when your lender agrees to accept less than the balance remaining on your home. It is a way for you, as a seller, to avoid foreclosure and sell your home. For those who owe more on their home than it’s worth, it sounds like a great way to avoid foreclosure but, that doesn’t mean it is right for everyone. Should you consider a short sale on your … (17 comments)
short sale tips: Presenting Multiple Offers to the Lender for Short Sale Approval
- 10/05/09 05:03 PM
Presenting Multiple Offers to the Lender for Short Sale Approval While visiting at the NAR site regarding the new short sale designation and visiting the 'discussions' link, I found several questions relating to short sales and one, in particular caught my eye. "Can multiple offers be submitted to the lender without seller signatures or can only one offer be negotiated at a time? Can the seller sign multiple offers to submit to the bank?"Ahh, the question of the year! In Broker Bryant and Wendy Rulnick's classes (visit www.ShortSaleSuperstars.com) on short sales, we learned that we only submit one offer at a … (112 comments)
short sale tips: Short Sale Basics, Session III--Just What I Needed Today!
- 07/18/09 04:20 PM
Short Sale Basics, Session III--Just What I Needed Today!Our own Bryant Tutus (BB or Broker Bryant) & Wendy Rulnick just hosted their third, short sale webinar today and boy, was it a jam-packed lesson in short sales! The information gleaned from this series has just been incredible. I have taken courses on short sales and their presentation is just so much more informative and I have learned an enormous amount from them. In the beginning stages of a couple of short sales myself right now, I really needed the expert knowledge that Wendy & Bryant provided today! Today's lesson was on … (16 comments)
short sale tips: Active Rain Family Does it Again--This Time With Short Sales!
- 06/29/09 01:26 PM
Active Rain Family Does it Again--This Time It's Short Sales! I had the honor of participating in the first of a five-part series on Short Sales with Bryant Tutus & Wendy Rulnick and the class was absolutely wonderful! As you all know, I've been very fortunate to live in an area that did not have the 'bubble' to burst but, the national economy has slowly but, surely 'trickled down' to Charlotte! We had never even heard of short sales in 2007 and now, we are seeing them--and we need HELP! Bryant (aka BB--TLW's 'other-half'!) and Wendy, fellow Active Rain members, have offered … (27 comments)
Author Bio: Debe Maxwell is a Certified Residential Specialist (CRS) in the Charlotte Metro region with a focus on the Charlotte luxury home market. My team of agents each have their own specialty areas, a benefit to anyone buying a home in Charlotte NC.
If you're thinking of listing your home, I would love to meet with you and share our marketing success package with you. My homes sell faster and for more money and after all, isn't that what every seller wants?! We'd love to help you buy or sell in the Charlotte Metro region.
Short Sale Q & A
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