short sales: 5 Reasons Why the Short Sale Seller Still Cares About the Price - 12/04/11 01:18 PM
5 Reasons Why the Short Sale Seller Still Cares About the PriceThere is something about a short sale that makes some buyers think that the short sale seller is somewhat of a non-entity, a mere speed bump in front of their negotiations with the bank. But, that is not truly the case, the short sale seller is still the record owner and has their own concerns when considering the amount offered for their home. A short sale is not simply a foreclosure with a twist. Nonetheless, I’ve heard the following statements time and time again from potential short sale buyers: … (73 comments)
short sales: Buyers Are Looking at My Loan Balance! - 03/20/11 08:47 PM
Buyers Are Looking at My Loan Balance! One of the market realities I go over with potential sellers in the Orcutt CA, Nipomo CA & Arroyo Grande CA real estate market is the fact that once their home is put on the market, everyone is going to be looking at their loan balance. During the boom, buyers seemed less concerned about what sellers were making - maybe because they expected to make more. But now, even on short sales, buyers want to know what the seller paid and what loans were taken out on the property. Of course, your exact loan … (29 comments)
short sales: How Time Can Run Out On Your Short Sale - 03/13/11 09:14 PM
How Time Can Run Out On Your Short Sale One of the worst things that distressed homeowners do is waiting until the clock is ticking before contacting a short sale agent. When does the clock start ticking? I tell people it starts ticking when you stop paying. Ideally, if you know a financial hardship is imminent, you should begin exploring your options, including a short sale, before any payments are even missed. In its recent Open Letter on Short Sales, the California Association Realtors reports that according to surveyed California Realtors® only about three out of five short sales close. Certainly … (15 comments)
short sales: Santa Maria CA & Lompoc CA Foreclosure Buyers Can Choose Local Escrow Companies - 02/06/10 06:57 PM
Finally! For those of you who read my blog recall my recent blog post on buying a foreclosure and not receiving your keys until the day after it closes, it appears that the California legislature has taken a stab at the heart of the problem, which was the fact that buyers were not allowed to pick their own escrow companies in these transactions. Banks would hire title and escrow companies to complete their foreclosure proceedings and when they turned around to sell the property as an REO, they would compel the buyer to use that same title/escrow company to complete the … (0 comments)
The content provided on this website is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you. Nothing in this blog should be construed as a solicitation of properties currently under contract with another broker. Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
CA DRE LICENSE #01871795
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
5 Reasons Why the Short Sale Seller Still Cares About the PriceThere is something about a short sale that makes some buyers think that the short sale seller is somewhat of a non-entity, a mere speed bump in front of their negotiations with the bank. But, that is not truly the case, the short sale seller is still the record owner and has their own concerns when considering the amount offered for their home. A short sale is not simply a foreclosure with a twist. Nonetheless, I’ve heard the following statements time and time again from potential short sale buyers: … (73 comments)
;)
;)
;)
