Real estate blog entries tagged with modification by Kirk Westervelt, CDPE-Avoid Foreclosure! Home for Sale-Greenville,Simpsonville,SC (Keller Williams - Greenville, SC Realtor -Short Sale Expert!)

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Home : Blogs : Kirk Westervelt, CDPE-Avoid Foreclosure! Home for Sale-Greenville,Simpsonville,SC : Kirk's Blog : Tag "modification"

modification: The Short Sale List Price Fairy Tale - A Case Study in Greenville, SC - 11/07/11 03:17 PM

I recently took another short sale listing, to help the homeowners avoid foreclosure. I ran the comps, reviewed the first and second mortgage loan payoff amounts and devised an intelligent starting list price. Additionally, my client clearly understood my recommended list price reduction strategy, based on a specific timeline, the surrounding active listings in the immediate area, the number of missed payments on the mortages and even seasonal market trends and short-term forecasts.
So, what happened when it came time to implement the first price reduction? My client disagreed with any such reduction and wanted the home to remain very close … (1 comments)

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