Mary Ellen Holleran's (maryellenholleran) Blog

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Real Estate Agent - Holleran Real Estate - North Carolina#230941

ARCHIVED BLOG POSTS

2011 

I am running several short sales right now, three offers on as many properties many this weekend. One of the agents has sent me a pretty nasty email to let me know that I should tell the bank that his client is not going to wait too long for an answer. What???? He said he doesn't see anywhere tha...
07/25/2011
I am still amazed that, in this real estate market, a real estate agent does not know the basic difference between a short sale and a foreclosure. When I list a short sale I try to educate the buyers agent when they bring an offer-the best I can. I stand by my belief that "you have no business re...
07/23/2011
I get calls from homeowners regularly asking questions about whether they may qualify for a short sale. Generally, they are nervous andĀ embarrassed that they have gotten to the point of being forced to decide if they should foreclose or short sell. I explain that there are people at every income ...
07/16/2011
At the end of the short sale process and before the approval letter is signed there is the discussion of how much the deficiency, if any, will be. The lender has all of the sellers financials, bank statements, credit card statements etc. and can see exactly where and how money is being spent. Sel...
07/10/2011
Definition: "A transaction in which the buyers and sellers of a product act independently and have no relationship to each other. The concept of an arm's length transaction is to ensure that both parties in the deal are acting in their own self interest and are not subject to any pressure or dure...
07/10/2011
I have never had to walk from a transaction because I feel that the client is not honest and trust worthy. I was running a short sale in North Raleigh and the seller contacted me with an investor client who wants to buy the home and rent back. Ok, that's fine so tell me about him. I get the buyer...
07/06/2011
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Mary Ellen Holleran

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