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reo: Ever Wondered Why a Short Sale Takes SOOOOOOO Long to Sell? - 01/22/09 06:32 PM
Negotiating a short sale is quite a bit different than negotiating a typical home sale. And to make it even more *fun* every bank handles them differently! However, there is a basic process that each sale goes through:
1. Determine what stage of foreclosure the seller is in: when the last mortgage payment was made, if a foreclosure date has laready been scheduled, who the lender is, whether there are other liens against the property.
2. Gather information for a comparative market analysis (the price similar homes have sold for recently.)
3. Have the seller sign a letter of authorization allowing … (2 comments)

reo: Want to List REO's? (Doesn't Everyone!?!) Here are Some Tips... - 01/20/09 02:02 PM
Everyone wants a piece of the REO pie right now. After all, it's one of the biggest, juiciest pies out there these days! Don't worry too much about competition, banks like to have multiple agents to give REO's to because they realize they shouldn't keep "all their eggs in one basket." With determination and tenacity, you'll start building your REO business. Here are the tips I picked up in a class the other day:
1. Always contact the bank regarding a SPECIFIC property (not a general "I want to list REO's".) Find properties by pulling Notice of Defaults from county records or call … (7 comments)

 
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S&B Real Estate Team

Vancouver, WA

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Capstone Washington Real Estate, LLC

Address: 411 E 29th St., Vancouver, WA, 98663

Office Phone: (360) 693-6139

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