Real estate blog entries tagged with short sales by Jules Yates (Exit Realty Paramount)

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short sales: "Short Re-Financing"... have you heard of this? - 07/23/08 09:26 PM

Well, another long day and yet another listing...this time another short sale. Thank god for accommodating Sellers. During my listing presentation I was asked about "short re-financing" by the Seller and I was have to admit I hadn't heard of it.
From what it sounds like, a lender will basically short … (4 comments)

short sales: Exit Short Sales Website - Jules Yates & Matt Hodges - 06/02/08 09:43 PM

For any of you looking for a good site for short sales in the Northern Michigan Area (Traverse City) please check out www.ExitShortSales.com. This site features Short Sale listings offered by both Matt Hodges and myself. We update this site often so please check back often.
If you or someone you … (1 comments)

short sales: Why Countrywide is Loosing their A%# on Foreclosures! - 05/31/08 08:20 PM

This past December I was approached by a friend who had a home he needed to sell due to a bankruptcy. He was 60 days away from the end of his redemption period. He had a 1st Mortgage of $350K and a 2nd at $100K. The 1st was through Countrywide.
The … (12 comments)

short sales: BUYERS - What are they thinking? - 05/31/08 07:32 PM

Over the past 6 months I have seen more and more offers come in that are significantly lower than the list price of properties in our office. In some cases I have seen initial offers of more than 30% from the list price.
In past years I would not find that … (2 comments)

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