short sale: Short Sale Confidential! - 04/30/09 04:21 PM
OK........so here’s a good one for you. What are you doing to ensure your Short Sale Submission Package is kept confidential? More importantly, what are the Lenders doing to ensure this information is kept confidential?Let me be a little more specific. How can we guarantee to our Sellers that their bank … (25 comments)
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short sale: Does "Short Sale" have to be disclosed? - 04/19/09 06:04 AM
“There is no state or federal law that requires a seller to provide any disclosure forms for a short sale.” This is from one of the attorneys for out Florida Association of Realtors.I wonder how he reconciles that statement with this:A Seller of a residential property, whether a bank or an … (171 comments)
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short sale: How to Buy Short Sales In Central Florida - 04/04/09 04:38 PM
Broker Bryant,
I have never purchased a home on Short Sale thus I am unfamilar with the term, does it mean they will entertain offers? Does a Short Sale mean it might be foreclosed on?
Thanks,Mr. Needer Know
Hi Needer, When purchasing a Short Sale the negotiations are between the Buyer … (17 comments)
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short sale: Third Party Approval.....What's The Big Deal? - 04/02/09 03:03 PM
Hi folks. Today I want to put a different spin on Short Sales and third party approval. I've read a lot of posts and comments about the dreaded 3rd party approval and how frustrating it is for Buyers and Buyer's agents.
My thought on this is.........it's about time!!! As a … (20 comments)
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short sale: FAQ: Why do I have to pay you an upfront fee to list my Short Sale? - 03/22/09 07:28 PM
Broker Bryant,
We'd like to list our property with you but just don't feel comfortable paying $xxx up front to list the property. We can list the property now and as soon as you get a contract we will be more than happy to pay.
Thanks, A. Little Hesitant
Dear Mrs Hesitant,
I … (31 comments)
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short sale: Why do Short Sales? - 03/08/09 06:36 PM
Yesterday, Janie Coffey and I were invited to participate on a teleconference hosted by Jennifer Allan about short sales. If you didn't tune in...here's the replay (Please remember this is copyrighted material so check with Jennifer if you want to use it).
My portion of the seminar was........Why do Short Sales? I … (61 comments)
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short sale: Central Florida Short Sales, Upfront Fees and Anti-Trust . - 02/26/09 05:13 PM
John MacArthur wrote a post yesterday expressing his disapproval of a Real Estate Company in his area that charges Short Sale Sellers a fee in addition to the commission. John’s opinion is that this is taking advantage of people. I thought his opinion was way off base. But hey…..that’s just my … (34 comments)
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short sale: Every Picture Tells A Story Don't It? (Rod Stewart) - 02/12/09 05:01 PM
As most of you know by now my market area is in the pits. Foreclosures and Short Sales abound. Property values have plummeted almost 65% in the last 24 months. Properties that sold for $350,000 can now be had for as low as $100,000 in some areas. Deals are every where.
Since I … (43 comments)
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short sale: Short Sales Are Serious Business And Require Serious Minds. - 01/03/09 03:19 PM
Hi Folks. Brian Brady wrote a featured post yesterday and my comments started going off on a rant about short sales so I decided I best write a post to voice my opinion.
Let me say that whether you like short sales, want to do short sales or want to avoid short sales, … (66 comments)
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short sale: I think I'm stuck in a Short Sale time warp!!! - 12/19/08 04:04 PM
Hi folks. It seems like only yesterday that we started hearing about short sales, foreclosures and financing issues. That's why I was a little surprised when I fouind this post that I posted in December of ........2006!!!!! No wonder I'm tired.
Three blind mice, three blind mice......blah blah blah.
Lately, as … (27 comments)
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short sale: Central Florida Short Sales FAQ#3 - 12/08/08 04:35 PM
What goes in the Hardship Letter?
This outline will help you prepare your hardship letter. The sample answers are to assist you NOT to just be copied. Your hardship letter should only contain facts. Just be honest. Your goal is to explain to your Lender why you can … (20 comments)
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short sale: ASK THE BROKER.....What Is 3rd Party Approval? - 12/04/08 05:17 PM
THIS WEEK'S QUESTION AND RESPONSE
Hi Broker Bryant,
Thank you for the sample short sale submission letter, I found it to be very helpful. I am currently closing on a short sale and picking up a couple more tomorrow.
I have a couple of questions .... You stated... "Just remember, you … (14 comments)
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short sale: Central Florida Short Sales FAQ #2 - 12/02/08 04:40 PM
What is a hardship and why do I need one?
A Short Sale is one of several pre-foreclosure remedies. In order to request a Short Sale, from your Lender, you must have a hardship AND you have to be able to prove it. It has to be a legitimate … (15 comments)
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short sale: Central Florida Short Sales FAQ #1 - 11/30/08 03:45 PM
What is a Short Sale?
A Short Sale is when you need to sell your property but the amount owed exceeds the value of the property AND you are asking the lien holder (lender) to accept less to remove the lien. You are asking your lender to accept a "short" payoff … (14 comments)
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short sale: Need Short Sale Information? - These Articles Probably Answer Your Question - 11/24/08 04:08 PM
Great short sale information from Richard Zaretsky, Attorney at Law in Florida.
Via Richard Zaretsky, Florida Real Estate Attorney:
A Monthly Updated Listing of Articles by Richard P. Zaretsky, Esq -- Richard Zaretsky's Short Sale Blog Articles
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Be sure to contact your own attorney for your state laws, … (16 comments)
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short sale: Poinciana Florida Short Sale For Sale - 11/16/08 08:14 AM
Tutas Towne Realty specializes in pre-foreclosure remedies and Short Sales. If you are a property owner who is struggling with your mortgage payment or a Buyer looking for a good deal let us know. We CAN help. All conversations are of course confidential. Do NOT get foreclosed on. Please let me … (9 comments)
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short sale: Kissimmee Florida Short Sale saga continues........... - 11/06/08 04:53 PM
Hi folks. Today, I spoke with Countrywide (CW) about one of my short sale listings. This particular home was placed on the market back in July of this year. I priced it properly and within a few weeks submitted a cash contract to CW for $87,000. Since the 3 most recent … (36 comments)
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short sale: Short Sale Submission Made Easy. I Hope This Helps!! - 10/30/08 04:10 PM
Hi folks. I'm sure there are many of you that are either doing short sales or want to do short sales. Therefore, I am posting this sample cover letter that may help you when submitting a short sale package to the lender. Just remember, you are submitting a fully signed and … (48 comments)
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short sale: Finally.....The Real Estate Market Is Normal!!! - 10/20/08 04:59 PM
Hi folks, it seems like just yesterday that my business consisted mostly of listing properties for Mr. and Mrs. Regular Seller. I spent a lot of my time preparing print ads, brochures, virtual tours and making sure I got the properties disseminated throughout the Internet. When I wasn't doing these things … (38 comments)
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short sale: No Short Sale For You!!!! - 10/17/08 05:13 PM
I HATE strongly dislike having transactions fall apart at the last minute. Last Friday, I was supposed to close on one of my Poinciana Florida short sale properties. It was a pretty difficult deal that required almost 3 months of negotiating with Wells Fargo.
After many days of going back forth … (48 comments)
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