foreclosure: Short Sale Myth
- 06/10/10 09:02 AM
Today I will start by encouraging any potential home sellers to first seek the advice of an Attorney or CPA on their situation prior to listing their home for a short sale. Now here is the myth I want to expose: Myth: If I short sale my home I will be leaving myself on the hook for deficiency. Now here is what you need to know if this is your mindset. Short Sales are usually negotiated by an Attorney, Realtor or a company that specializes in negotiating short sales. It is through that negotiation that the person or company you hire … (2 comments)
foreclosure: Did We Already Hit Bottom and We Just Don't Know It Yet????
- 12/18/08 04:30 AM
As I was driving into work this morning listening to talk radio I started thinking "Is it really as bad as the media protrays it to be?". It is true that there are tons of foreclosures and short sales available. It is true that people are losing their jobs and companies are closing their doors. It is true that financing is more difficult to obtain now than it has been over the last 5 years. Now what will boggle your mind and IS A FACT that can't be ignored, SALES ARE UP. Yes...I said it they are up! I am a member of the MLS...ARMLS … (5 comments)
foreclosure: Tricky Termite Treatment Clause.
- 12/16/08 06:44 AM
This is a warning to all Realtors who are dealing with Bank Owned/Foreclosed properties. I recently represented a client on a purchase of a Bank Owned home. The bank created an addendum to our origninal offer with a list of clauses on it. One of the clauses read: 7. Seller agrees to a termite report being ordered and if evidence of active termite infestation is found, Seller agrees to treat said termite infestation at a cost acceptable to Seller, however Seller shall not be responsible for any structural damage and or repairs. The termite inspector checked Box "A" on the Wood-Destroying Insect Inspection Report … (2 comments)
Today I will start by encouraging any potential home sellers to first seek the advice of an Attorney or CPA on their situation prior to listing their home for a short sale. Now here is the myth I want to expose:
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