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Here's the Latest Short Sale News

By
Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

short sale newsIt’s always my goal to help you stay on top of the latest and greatest news. Hey… you already are ahead of the game—brave enough to stare short sales in the face and take short sale listings.

Here’s a recap of some of the interesting stuff that went on this past week in the distressed property arena: 

HAMP Mods Approach 1 Million  Since the 2009 program was touted to aid 4 million borrowers and we seem to be stuck somewhere between 900k and 1 million, I’m going to go out on a limb and say that this is just another ripe opportunity for savvy short sale agents to dominate the market.

New Cool Free Stuff from Realtor.com  Watch the techsavvyagent.com video. There are definitely some great ways to use this free tool in order to leverage the short sale listings that you have and get a whole bunch more, right? 

Don’t Let HOAs Play God with Your Next Short Sale Read more about how Homeowner’s Association liens, dues, and transfer fees can do a darn good job mucking up your next short sale listing if you are not careful.

Okay… we’re pinning now. Are you? If you want, you can follow the Short Sale Expeditor® on the following social media platforms:

There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I’ve provided you with a weekly recap right here.

Comments(8)

Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

And Melissa, we're forever thankful that Meliss Zavala is out there helping the short sale seller in California and providing us realtors across the country with such valuable info!  

I already checked out the Realtor.com Tech svvy agent - NEAT - I do use a similar tool but I pay for it!  Thanks!! 

Feb 25, 2012 11:14 PM
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We are all about helping people during this time of need. I do believe they will extend the Act for Mortgage relief.

Feb 26, 2012 12:05 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

This is an excellent post, Melissa. You have shared some useful information. Thanks for the recap. 

Feb 26, 2012 12:11 AM
Kim & Kristine Halverson
Sotheby's & Knipe ERA - Bend, OR
Sisters, Realtors

Thanks for sharing!  Great post!  Kristine :)

Feb 26, 2012 03:17 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Melissa - Another great recap!  I am probably the only one on this planet not pinning.

Feb 26, 2012 09:33 AM
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp. - Irvine, CA

like always, great info. 

Feb 26, 2012 01:08 PM
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

I love tip #3 about the HOA's.  More of them are seeking the power to foreclose, and establishing themselves into a senior position just in case.  I actually got a lead for a short sale home seller in TX, when I referred it to an agent there she researched it & said that the HOA had foreclosed nearly 1 year ago!  And the bank had no idea... pretty crazy eh!!!

P.S. How's Pintrest working out for you? 

Feb 26, 2012 04:10 PM
Michael Collins
*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent* - Janesville, WI
CDPE, SFR , Wisconsin Short Sale Specialist Realto

Thanks for the updates Melissa. I'm heading over to techsavvy now to do some learnin'!

Feb 26, 2012 10:30 PM