ARCHIVED BLOG POSTS
2011
IL – The Stop Foreclosure Institute recently received a question from another agent named Bonnie. Here was her question. “On my short sale, the first mortgage gave me a price and a net they would allow. The title company put together the closing documents and paid the first more than the minimum...
11/01/2011
IL – The Stop Foreclosure Institute recently received a question from another agent named Beckie. Here was her question. I have been waiting on my lender to approvce or deny my short sale for 7 months. We finally received an answer last week in form of a counter offer to the price. The buyer was ...
11/01/2011
IL – The Stop Foreclosure Institute recently received a question from another agent named Sylvia. Here was her question. “Here's a question for you. I have a short sale with two offers. The appraisal was close to the sales price and the inspection was good. However, the bank calls me and says, “...
11/01/2011
IL – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate. Here is the process your agent needs to follow to ensure an accurate appraisal. Click here to discover how other sellers successfully did a short sale and avoided...
11/01/2011
IL – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate. There are a lot of opinions on how to ensure the appraisal is correct and accurate. You need to check and make sure your agent is willing to do the extra work. Cl...
11/01/2011
IL – The biggest threat to your short sale is a high appraisal. Banks consider short sales for economic reasons. A bank will approve a short sale only if they think they will net more money taking the short sale offer. To make sure they aren't selling the house for too little, they order an appr...
11/01/2011
IL – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan. If they own the loan themselves, they have a fiduciary duty to their stockholders. The duty is to get that investor the most money possible. So, a ...
11/01/2011
Rainmaker
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Dennis Toomey
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