ARCHIVED BLOG POSTS

2010 

This bill still has a long way to go, but it is an interesting take on the many "solutions" Washington has tried to come up with over the past couple years.  After all the failed programs, and complicated systems, finally, a one-page bill that just says it all: you have 45 days to give the homeow...
09/28/2010
The Short Sale Association of America (SSAA) has just announced a key partnership with Saving Homes Today, a national leader in short sale real estate education. The partnership will allow SSAA to expand its educational content base for real estate professionals that prepare agents for the expand...
09/23/2010
PORT ST. JOHN, Fla. - When Mark Weeks was laid off from his $90,000-a-year construction job 2½ years ago,he vowed to hang onto his family's house here, where he'd lived with his wife, their three children and two dogs for the last six years.  Read More
09/16/2010
If you've worked enough short sales then you know the frustration that comes from working hard for months to get an approval, only to send the approval letter over to the buyers agent and find out that the buyer is no longer interested.  Of course, the lender will usually make you start the proce...
09/14/2010
I'm actually a fan of the Equator system.  It does have its drawbacks, but overall- it's been great for keeping BoA organized and on the same page.  It is certainly a step up from the old days where you had to refax things several times and wait for 4 months before a negotiator was assigned.  But...
09/07/2010
I was on the phone with the assistant to a high ranking official at Bank of America today and he mentioned something interesting.  He said that both Fannie and Freddie have instructed servicers to NOT postpone sale dates on properties unless the short sale has already been approved.  This seems t...
09/07/2010
It's happened time and time again.  You list a property, and it takes a while to get an offer, you finally do get one and submit it to the bank's short sale department.  It takes them a few weeks to process the paperwork, and then all of a sudden you are told the short sale cannot be completed be...
09/07/2010
Rainer
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