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short sales: Short Sale Realtors v.s Short Sale Investors|Do Lawsuits Wait in The Wings? - 09/08/10 07:52 AM
Flipping, flopping and the potential future lawsuits with short sales
If you are a Realtor and work with short sales you may want to check out the article I wrote about one type of short sale fraud. The blog article is a very transparent battle between my view points, views of a few other Realtors and those of short sale investors.
If you are into controversy go visit the article because you are in for a real treat! In fact the article was plagiarized on Active Rain and I had to ask the powers that be take it down!
Many … (106 comments)
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short sales: Fannie Mae Short Sale Commission No Longer Cut - 03/14/09 11:34 AM
Recent lobbying by the National Association of Realtors (NAR) and more than likely other online prominent educational postings at such places like Active Rain to preserve commissions led Fannie Mae to recently instruct all servicers NOT to reduce Real Estate commissions on short sales.
Fannie Mae sent an announcement to its servicers stating that as of March 1, 2009 negotiations on short sales commissions below the amount established by the listing agent is prohibited unless the commission exceeds 6 percent.
Fannie Mae has recognized that negotiating commissions for short sales is unfair because of the extensive work required in … (67 comments)
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short sales: Bill Gassett's Real Estate Articles Worth Reading - 01/26/09 07:10 AM
The following Real Estate articles cover a variety of topics including short sales, loan modifications, deed in lieu of foreclosure, USDA Loans, tips on selling your home, tax deductions, internet and social marketing, plus many others.
I hope a few of them you may find useful for your particular circumstances. Hopefully some of the articles may teach you a good tip that you may not have thought about or even cause you to think differently.
Working as a Metrowest Massachusetts Realtor for the last twenty three years I have learned quite a bit. Real Estate is a field where you can … (53 comments)
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short sales: Deed in Lieu of Foreclosure and Short Sales - 12/16/08 03:16 PM
A deed in lieu of foreclosure aka (cash for keys) is when a home owner conveys all their interest in a property to the lender in order to avoid foreclosure proceedings. In the typical deed in lieu of foreclosure scenario, the mortgagee is in default i.e has not been making his or her mortgage payments.
Proceeding with the deed in lieu of foreclosure offers advantages to both the home owner and the lender.
The advantages to the borrower include the potential release from a large debt, less impact to your credit scores than a foreclosure, and also the avoidance of … (52 comments)
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short sales: Foreclosure Avoiding it Through a Short Sale or Loan Modification - 12/10/08 09:18 AM
Foreclosure is not a fun word yet it is reality that many across the US are facing in these tough economic times.
There are many ways that home owners find themselves in this predicament including job loss, reduction in income, mounting credit card debt, an increase in mortgage payments, a terrible illness, or divorce. There are probably others that I have missed as well.
A home foreclosing doesn't just effect the homeowner directly. It effects you and I and everyone else that lives near the home.
Foreclosures drive down property values! When you are faced with selling your home and you … (85 comments)
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short sales: Ethics in a Short Sale ~ The Responsibilities of a Realtor - 08/24/07 03:32 PM
With the rise in short sales happening all around the country it is important to know what your responsibilities are as an agent representing a seller in this situation.
A "short sale" is when a mortgage lender agrees to accept less than the total amount remaining on the mortgage, allowing the homeowner to sell the property at a lower price and pay off the balance of the loan.
As foreclosures increase across the United States, lenders are more willing to negotiate short sales to avoid the expense and troubles of taking a delinquent customers home.
Foreclosing on a home and selling … (18 comments)
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Bill Gassett Metrowest Massachusetts Real Estate
Hopkinton,
MA
More about me…
RE/MAX Executive Realty
Address: 77 Main Street, Hopkinton, MA, 01748
Office Phone: (508) 435-5356
Email Me
Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home sellling & buying tips, Homes for sale in and around Metrowest, Metrowest MA Market reports.
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