short sale newsEach and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers.

Read below to learn about some of the interesting stuff that went on this past week in the distressed property arena:

Mortgage Fraud – Suspicious Activity We all know about hackers and indentity theft. But, check out this comprehensive list of the types of mortgage fraud. Knowing this and spreading the word will help protect your clients.

Owning Is Better than Renting According to the latest report from Trulia, owning is more affordable than renting. This is a great article and a good tool for showing renters the benefits of buying in this market.

Short Sale Leads Are Everywhere There is still so much time to obtain short sale leads and close short sale transactions before the distressed property market disappears. This article provides a few good ideas for locating your next short sale listing.

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 we’ve provided you with a weekly recap right here.

 

Melissa Zavala 
BROKER/REALTOR® ● CA DRE #01324959

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5 Comments on What's in it for me? Weekly Short Sale Roundup

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29
797,178 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Well Melissa, i like your take about owning vs. Suze Orman's bs about it...at least you can live in a home- you can't live in a mutual fund!
3:11pm • #1
133,635 Points 5 Featured Posts Outside Blog Called Shot Master

Thanks Melissa. I still hear the banks are holding on to a lot of foreclosures.
6:41pm • #2
466,909 Points 8 Featured Posts Outside Blog Called Shot Master

Thanks for submitting those links for me to read. I am going to do just that right now!
7:00pm • #3
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985,526 Points 106 Featured Posts Localism Sponsor Outside Blog

If I were a new agent starting out and looking for short sales, I would hit the neighborhoods where homes were built in 2003 through 2008 and farm them for short sale leads. Few people paid cash when credit was so easy.
8:06am • #4
OCT
03
236,138 Points 1 Featured Post Outside Blog Hit Router Called Shot Master

Great information Melissa. Thanks for sharing.
6:19am • #5

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