short sale specialist: Why would a Philadelphia Short Sale Listing Ever Expire?
- 02/10/13 06:36 AM
Why Would a Philadelphia Short Sale Listing Ever Expire ? Every week I monitor Philadelphia listings that expire. Recently, I have seen a disturbing trend where more and more Philadelphia Short Sale Listings have expired, many of which never even went under contract. This is almost like Apple not being able to sell iPhones that were on sale or Amazon not being able to sell some discounted books. It just does not make any sense. As a Philadelphia Short Sale Specialist, this simply has not happened with us. We are still batting 100 percent for each and every one of our … (2 comments)
short sale specialist: Philadelphia Short Sales - Another Successful Short Sale in Point Breeze !
- 12/19/10 01:04 AM
Philadelphia Short Sales - Another Successful Short Sale in Point Breeze ! We had another successful Philadelphia Short Sale settlement this past week. We take a lot of pride in this as short sales are a ton of work. Our folder for these deals typically becomes two or three times the size of any other deal with the amount of documentation that is needed as part of the short sale package. With this deal, the lender was Wells Fargo who was not too bad to work with. It certainly helped that the seller provided all of the information in a timely manner for … (1 comments)
short sale specialist: Philadelphia Short Sales - R Rated Photos - Welcome to the Real World !
- 12/07/10 01:29 AM
Philadelphia Short Sales - Welcome to the Real World ! We are fortunate in Philadelphia that a relatively small percentage of our sales are made up of distress properties - bank owned properties and short sales. Many Realtors in their Philadelphia careers will never be a part of a distress property sale, which is okay. Others make it their livelihood. With us, we are not exclusvely short sales agents, but we are short sale specialists as we recognize the need for sellers and consumers to have an agent that is proficient in the process, and even more so in Philadelphia since there are … (3 comments)
short sale specialist: The Short Sale Game ! Rock... Paper... Scissors... Who Wins ??
- 11/07/10 01:52 AM
It was Philadelphia Short Sale Friday for me here in sunny Philadelphia ! I declare a day out of the week where I follow up with all of my Philly Short Sale deals. I have to follow up with the bank to see what's what because they DO NOT follow up with me. Calling in to check up on how the Short Sale is progressing is a predictable process for the most part. So, I put my "game face" on, dial the 800 number, yawn, stretch, and begin the warm up activity which is the twenty questions / preliminary interview to get an … (18 comments)
short sale specialist: Philadelphia Short Sales - Another Successful Short Sale in Waterfront Square !
- 07/11/10 02:08 AM
Philadelphia Short Sales - Another Successful Short Sale in Waterfront Square Last week we had the settlement for our Philadelphia short sale listing for a condo in the Waterfront Square community. Our seller purchased his condo at the height of the market and for every month it was vacant, his mortgage payment was over $5,000 and his condo fee $1,000. The property was nothing but stress for our client as he had to fight through two evictions, damages from past tenants and expensive months when the condo was vacant. Even when he had it rented, the cash flow was upside down. … (4 comments)
For this deal, as most of them can be, instead of a short sale, the buyer termed it a "long sale" as it did take months for us to finally get the short sale approval letter from Wells Fargo. Further, the buyer … (7 comments)
short sale specialist: Philadelphia Short Sales: When a Loan Modification does not work - Short Sale Success in Mayfair !
- 08/22/09 11:38 PM
Philadelphia Short Sales: When a Loan Modification does not work - Short Sale Success in Mayfair ! Philadelphia Short Sales: Every short sale listing we take on is a different experience as you really will never know what will transpire. What you do know is to concentrate on what is within your control to maximize the success of your listing selling and then being approved by the bank and closing. There was a terrific featured post recently here on Active Rain called 10 Reasons Why Your Short Sale Will Not Close by Noel Padilla which is a must read. In any … (9 comments)
short sale specialist: Philadelphia Short Sales: Another Successful Short Sale in Graduate Hospital
- 08/18/09 09:58 PM
Philadelphia Short Sales: Another Successful Short Sale in Graduate Hospital ! Philadelphia Short Sales: Yesterday we had another successful short sale settlement for 2337 Federal St in Graduate Hospital. When we first got this listing, the seller met with 7 agents ! Well, it turns out he made the right choice in choosing The Somers Team ! It was a challenging scenario as we first tried a traditional sale but after quickly realizing that it would not fly, we made an adjustment in the listing and marketed the property as a potential short sale. The seller's bank was quite cooperative. In fact, … (9 comments)
short sale specialist: Short Sale Fraud - Defrauding the Lender - Have you seen this in your market ?
- 08/11/09 01:49 PM
Short Sale Fraud - Defrauding the Lender - Have you seen this in your market ? We have been very successful for clients who are in the need of doing a short sale. We work very hard at getting the deals to the settlement tables and so far, have a 100 percent track record in terms of every short sale listing we have taken on has settled. As a result, we are getting more short sale listings and many wacky phone calls from investors AND Realtors with a variety of "proposals". The proposals are border-line fraud or outright fraud and go … (17 comments)
short sale specialist: Philadelphia Short Sales: Another Successful Short Sale in Castor Gardens !
- 08/09/09 01:42 AM
Philadelphia Short Sales: Another Successful Short Sale in Castor Gardens ! A seller called me as she was in a bind regarding a property she owned in Castor Gardens. It used to be her primary residence but she ended up renting it out. Based on what she owed on the property, it was clear that she would either have to show up at settlement with money or do a short sale. In meeting with her, there was a definite case of hardship that warranted to go the short sale route. It was a tough deal in dealing with the dramas of … (9 comments)
short sale specialist: Philadelphia Short Sales: 3 New Short Sale Opportunities
- 03/02/09 08:46 AM
Philadelphia Short Sales: Opportunity for Qualified Buyers ! For those of you who are not certain exactly what a Short Sale is, here is my definition: When a homeowner sells their home to a buyer for less than what they owe on their mortgage and the bank agrees to accept that lesser amount as payment in full. In essence the lender agrees to forgive and forget. Hardship must be substantiated of course and some lenders may not completely forgive and forget but for the most part they do. At least that has been my experience. We have 3 new Short Sale … (6 comments)
short sale specialist: Philadelphia Short Sale Success in Fishtown !
- 02/02/09 11:33 PM
Philadelphia Short Sale Success in Fishtown Last week we had another successful short sale in Fishtown. It was a great feeling to help our seller client get out of a very difficult positon and be able to be instrumental in helping him move foward in his life. At the same time, the buyers will be a great addition to the Fishtown community. It is deals like this that make being a professional Realtor worthwhile ! The great thing about a successful short sale is that it becomes ONE LESS FORECLOSURE ! The seller's bank did play a little hardball but we … (10 comments)
short sale specialist: Short Sale Success in Graduate Hospital (Philadelphia Real Estate)
- 01/02/09 11:29 PM
Short Sale Challenges and Success in Graduate Hospital (Philadelphia Real Estate) On December 31, we had a short sale miracle ! One of the toughest short sales we have been involved with in Graduate Hospital settled on new years eve ! Listing a property as a short sale typically brings with it great challenges. Your chances of success are diminished due to all the hurdles that you can go through to get to settlement. It becomes a business decision for the agent to decide when they take the listing if it makes sense to move foward or to pass. If it does … (8 comments)
short sale specialist: Short Sale Challenges and Success in Somerton (Philadelphia Real Estate )!
- 01/01/09 01:07 AM
Short Sale Challenges and Success in Somerton (Philadelphia Real Estate) Listing a property as a short sale typically brings with it great challenges. Your chances of success right from the beginning are diminished due to all the hurdles that you can go through to get to settlement. It becomes a business decision for the agent to decide when they take the listing if it makes sense to move foward or to pass. If it does succeed, one more short sale does mean one less foreclosure !
On December 30th, we had a successful settlement for a property that was a … (6 comments)
short sale specialist: Short Sale Success in Philadelphia - Third time was a Charm !
- 10/29/08 12:23 PM
Short Sale Success in Fishtown / Old Kensington - Philadelphia Real Estate We had a settlement today that was a short sale for a property in Fishtown / Old Kensington . This was a tough deal as the first 2 buyers backed out - one to cold feet, the other lost the money he was going to use for the purchase in the stock market !! Of course, we did not give up. We planned for the short sale (if not familair with a short sale, please read "what is a short sale ? " ) right from the beginning and had all the documentation from … (10 comments)
short sale specialist: Short Sale Specialists in Philadelphia - Plan and Prepare for Success !
- 10/26/08 12:09 PM
Short Sale Specialists in Phildelphia It is amazing how many realtors and sellers are listing properties just based on what is owed on the property at prices that are unrealistic and will never sell. A recent short sale we did was in Northern Liberties where 3 other realtors had the listing before us and just listed it hoping to get a sale to clear title ! When we met with the seller, we realized it was a perfect candidate for a short sale and got the property sold within 30 days !!! If you are not familiar with short sales, refer to … (8 comments)
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Why Would a Philadelphia Short Sale Listing Ever Expire ?
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