short sale: HURRAY. IT CLOSED! HAPPY BUYERS. HAPPY BUYER'S AGENT. - 04/25/09 05:40 PM
SHORT SALE CLOSED!  
THE SAGA OF A SUCCESSFUL SHORT SALE.  Remember that Short Sale I wrote about last week?  The contract was written on January 25th.  We've suffered one delay after another, no contact, mistakes on the listing agent's HUD-1 (perhaps I'll write about that some day).  My buyers and … (35 comments)

short sale: WHEN YOU SEE A STATISTIC THAT STATES THAT ONLY 10% OF SHORT SALE CONTRACTS CLOSE, BELIEVE IT! - 04/15/09 02:56 PM
Contract offered by buyer - January 25th
Contract accepted by seller - January 29th.
Wait, wait, wait.
Addendum from bank 2 weeks later on a Friday with 72 hours to accept.
Counter-offer received from bank 2 weeks later.
Accepted by buyer in 2 hours.
Wait, wait, wait, wait.
Approval letter from bank 3rd week in March, … (49 comments)

short sale: MOVING THE SHORT SALE DISCUSSION UP A NOTCH. ARE THERE ANTI-TRUST IMPLICATIONS? - 03/01/09 05:27 PM
Katerina Gasset ponders the possibility of banks being in violation of anti-trust laws if they conspire between each other to keep broker fees for short sale listings to a specific commission amount.  (Notice no specific commission amount or percentage is stated herein). 
WHAT A FASCINATING QUESTION.
Katerina.  HA!  I don't know … (51 comments)

short sale: PROOF POSITIVE THAT BANKS DON'T REALLY WANT TO SELL SHORT SALES - OR DON'T KNOW HOW. - 03/01/09 10:28 AM
                                              * * * * WHAT ARE THEY THINKING? * * * *
THE COMMENT IN THE AGENT'S REMARKS BELOW are an example of why many Short Sales will never sell.  I wonder if the listing agent has advised the seller of the likelihood that the home will not sell … (32 comments)

short sale: MUST READ FOR ALL AGENTS THAT SELL SHORT SALES - KEEP THIS FANNIE MAE SERVICING GUIDE IN YOUR FILES AND ON THE WALL OF YOUR OFFICE. - 02/26/09 06:09 AM
                                         * * * *  HARD CORE REAL ESTATE INFORMATION * * * *
THIS SERVICING GUIDE FROM FANNIE MAE CONFIRMS WHAT COUNSEL TO THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS HAS ADVISED FOR MONTHS. . . . . .  BANKS FOR SHORT SALE OWNERS MAY NOT LOWER YOUR COMMISSION.  IF THE LENDER CONDITIONS APPROVAL OF A … (138 comments)

short sale: REAL ESTATE AGENTS DO NOT HAVE SPECIAL POWERS. WE ARE NOT SAVIORS. SOME FOLKS JUST CAN'T BE HELPED BY A SHORT SALE OR A REALTOR® - 08/18/08 07:42 AM
                                               * * * * HARD CORE REAL ESTATE TALK * * * *
LISTEN UP FOLKS!!  It's time for an wake up call for real estate agents and brokers to . . . .
COME BACK TO EARTH! 
A thoughtful article by Neal Bloom read this morning made me realize … (40 comments)

short sale: ARE YOU VIOLATING THE REALTOR® CODE OF ETHICS WHEN YOU LIST A SHORT SALE? A RANT. - 03/26/08 02:58 AM
                                   * * * *   WARNING!  HARD CORE REAL ESTATE TALK  * * * *
DID I GET YOUR ATTENTION?  GOOD!  THIS IS SERIOUS BUSINESS!
WARNING?  TAKING SHORT SALE LISTINGS WITHOUT SHORT SALE KNOWLEDGE IS SHORT SELLING THE CONSUMER!   As the real estate market continues to adjust, there are many home owners … (145 comments)

 


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