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A Common Bergen County Short Sale Myth: The Home Has To Be On The Market For 90 Days Before The Bank Will Consider A Short Sale - 03/30/12 06:02 AM
Bergen County NJ – I am frustrated that people can be perpetuating these kinds of myths online. These experts on financial websites have never sold a short sale. Some of them are not even licensed realtors. I recently saw an article on a well known financial website. The article falsely claimed that ” A home has to be on the market for at least 90 days before the lender will review the short sale file. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Obviously this person has never sold a VA Short Sale, nor (10 comments)
February 2012 Edition Based on Data Collected Week Ending March 2, 2012
National Association of Realtors®
Jed Smith, Managing Director, Quantitative Research (email@example.com)
George Ratiu, Manager, Quantitative and Commercial Research (firstname.lastname@example.org).
Realtor® comments and replies this month continued to indicate recovery in the residential markets. All real estate is local, so comments were varied and many times contradictory depending on location:
Pricing: Respondents noted that properties priced at or below market value tend to (0 comments)
Step Four to Get A Bergen County Short Sale Approved In 90 Days Or Less - 03/16/12 06:00 AM
Bergen County NJ – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 4: Use the BPO information and knowledge of the loan owner’s short sale guidelines to force the lender to approve the short sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. After doing the steps detailed in the previous posts your agent has two important pieces of information now. First, they know who owns the loan. They know if it is owned by Fannie Mae, Freddie Mac, FHA, VA, (0 comments)
Step Three to Get A Bergen County Short Sale Approved In 90 Days Or Less - 03/15/12 05:50 AM
Bergen County NJ – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 3: Find out the BPO value. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. This seems fairly simple. But, most agents never find out this number. as a result, they don’t know why their short sales are not being approved. We talked to another agent a little while ago. “I’ve got 5-6 short sale files under contract. But, none of them are being approved.” “The short sale negotiation company (0 comments)
Step Two To Get A Bergen County Short Sale Approved In 90 Days Or Less - 03/14/12 09:20 AM
Bergen County NJ – We are explaining the steps to approving a short sale in 90 days or less. Today, we’re going to explain Step 2: Influence the BPO. A BPO is a bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Many BPOs are inaccurate. As a result, many short sales are unnecessarily rejected. The banks lose even more money when they property sells later on. The problem is that the people (0 comments)
Step One To Get A Bergen County Short Sale Approved In 90 Days Or Less - 03/13/12 06:28 AM
Bergen County NJ – We’re going to start explaining the steps to approving a short sale in 90 days or less. Today, we’ll start with Step 1: Find out the type of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and “Sliced and Diced.” Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Why does this step matter? First, around 70-80% of all loan held by the large, national lenders are not owned by that lender. They are simply collecting the money for the actual owner of the loan. The owner (1 comments)
How A Bergen County Short Sale Could Help You Avoid Owing Money In The Future - 03/08/12 06:11 AM
Bergen County NJ – A good short sale agent can help you avoid owing thousands of dollars in the future. Why? Well, the most banks lose money when they reject a short sale. They turn down a sales price of $200,000. They foreclose on the home and put it up for sale. However, they are not able to get the price they want. The home ends up selling for $150,000. What does that mean to you? Click here to discover how other sellers successfully did a short sale and avoided foreclosure. First, you probably owe them a lot of money. They (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.