short sales: Diary of a Short Sale Day 4 - 06/13/07 06:18 PM
Well so far I have established contact with the primary lender and now I have a direct line and a name to deal with. They have my completed Short Sale package and are reviewing it. The second part may be harder but we shall see over the next few days. I … (0 comments)
short sales: Diary of a Short Sale Day 3 - 06/09/07 12:41 AM
Well it is actually day 8, the last few days have been spent trying over and over to contact Option 1, Fremont and National City Mortgage. lets rank each one for ease of contact out 10. 1 being the easiest. Option One 5 Fremont at least 11 National City Mortgage 2 Well I have finally established … (3 comments)
short sales: Diary of a Short Sale Day 2 - 06/01/07 05:42 PM
Thanks for all your comments and support yesterday it is great to share ideas: Today I had to call back Option One after faxing over my Authorisation letter to their call center in India!!! Well needless to say they had no record of it. So I was told to fax it to … (2 comments)
short sales: Diary of a Short Sale Day 1 - 05/31/07 11:41 PM
Over the next few weeks I intend to update you on my progress, trials and tribulations whilst working a short sale. Well yesterday was day two of trying to establish a relationship with the lender. I had already prepared my case, I had my CMA, a copy of my listing, a letter … (5 comments)
short sales: Short Sale Info for Realtors - 04/18/07 02:52 PM
WHEN YOU TAKE A LISTING WITH LITTLE OR NO EQUITY YOU MAY WANT TO ASK THESE QUESTIONS: 1. IS A "SHORT SALE" IN THE BEST INTEREST OF YOUR CLENT? Since short sale transactions will typically have some form of tax consequences, it is important that you do not give financial or legal advice … (6 comments)
short sales: Short Sales - 12/02/06 12:20 AM
Introduction Increasingly, lenders are making loans in amounts that become too difficult for borrowers to repay. Given the unparalleled increase in prices for real estate in California during the last few years and the impending economic slow down, many of these borrowers may not be able to fulfill their mortgage obligations. When … (61 comments)
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Well so far I have established contact with the primary lender and now I have a direct line and a name to deal with. They have my completed Short Sale package and are reviewing it. The second part may be harder but we shall see over the next few days. I … (0 comments)
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