Listing a Short Sale in 3 Easy Steps - 05/17/11 02:47 PM
Listing a short sale can be broken down into the following three steps: identify, sign, and pursue.

Identify: Most real estate professionals might say that a short sale will occur when the value of a property is lower than the principle loan balance on a mortgage. This is true in most cases. A short sale can also occur when the net payoff to the first mortgage on the sale of a property is less than the total loan payoff amount, however. Let’s explore a few examples: Scenario #1: A potential seller asks an agent to list their property for $200,000. … (0 comments)

SSAA's Take on HAMP and "Worsening" of Housing Downturn - 05/11/11 03:53 PM
SSAA's email alerts were bombarded this week as articles were released from the national press regarding the "worsening" of the housing downturn. With every article that gets released, I'm crossing my fingers hoping the press, the government, and the other "powers that be" will finally grasp the severity of our nation's foreclosure crisis and do something about it once and for all. 
Moody's Analytics chief economist Mark Zandi was quoted saying, "Prices decline, that pushes people underwater. There's 14 million people now underwater. Half of those are underwater by more than 30 percent. That's the fodder for (more) default."
The government … (0 comments)

 
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Jonathan Bowman

Louisville, KY

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Short Sale Association of America

Address: Louisville, KY, 40243

Office Phone: 800378SSAA

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