mortgage crisis: Short Sales...Go ahead and Dig In! - 06/02/08 03:08 AM
If you haven't guessed by now, foreclosures are getting WORSE!!!
Just as predicted, the rate of REO's lenders are carrying are up 33% from January to April of 2008. More than at any point during the current mortgage crisis, lenders are willing to drop prices significantly. But, Quite frankly.....
"It ain't Good enough"!
Short Sale acceptance agreements are going to be easier to negotiate during these upcoming summer months. Banks almost have no other viable options. They are finally realizing that in many cases they are neting as much or more for a short sale offer. It appears lenders are no … (11 comments)

mortgage crisis: Control a client! It's a must! Short sale 101 - 05/26/08 07:53 AM
I just had a meeting with my staff Friday about controling our clients during our short sale process. I thought this might be good information for a fellow short sale experts out there!
The problem lately has been clients calling banks and speaking with the loss mitigator reps on the lenders end. Keep in mind when clients come to you, it's because the don't know where else to turn. They turn to you for your expertise on negotiation and salesmanship. However, a strange transportation occurs somewhere during the process.
THEY BECOME BRILIANT!   LOL                           … (5 comments)

 

Clark Garrison

"Loan Modifications"

Atlanta, GA

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Taylor 1 INC

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