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red flags: Red Flags of a Short Sale Approval Letter - 09/29/10 03:36 PM
Congratulations, you finally received an approval letter from the bank! You note the expiration date and you have plenty of time to negotiate with the second (if applicable) to close the deal on time. But wait, did you really read the approval letter? Some banks are adding additional terms to this letter (raising the sales price, asking the seller to come up with cash to close, etc.). Be sure to double check the approval letters from the first AND second bank, if applicable. Make sure everyone is dialed in on the rules to the game! And there are no hidden surprises that
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red flags: What's YOUR Red Flags of Potential Deal Killers? - 05/12/10 12:17 PM
I read a fellow AR member's post regarding an issue that came up and killed a deal while under contract. After 13 years in the biz, I've got a radar sense when a transaction is in trouble. Identifying these problems can help avoid delays and wasting everyone's time. Believe me, it's rare when I DON'T have some sort of problem associated with it. So for the agent who has not closed a lot of transactions, I'm going to share with you my Top 5 Red Flags of Potential Problems. I welcome you to add your red flags as well! 1-Loan officer doesn't call you
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Diana Turnbloom
Martinez,
CA
More about me
Escrowcoord.com
Office Phone: (925) 305-9625
Email Me

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