distressed sales: The hardest I have ever worked for a check! - 05/25/10 09:05 AM
I just finished with a closing on one of my listings. It was a short sale, this alone tells you it was not easy. I listed in in August 2009, and had it under contract shortly after that. I then put a backup contract on it. The primary contract was not able to close but tried up until it expired the beginning of April 2010. I then processed the backup and was able to close today. During this listing I have had to work through lots of different things. It changed loan services in between, We had a break in, we … (9 comments)

distressed sales: Short sale info for Buyers and Sellers - 05/04/10 10:04 AM
When I start showing homes to a new client, I always ask the question "Do you know what a short sale is". I typically always get the answer "Yes". They either tell me it is a quick sale or it has something to do with foreclosure. The first answer is definitely not true and the second answer, well its at least in the ball park. A short sale is when the owner of the property cannot sell the property for what they owe, but they need to sell. This means that the bank has to agree to let them sell for less than … (0 comments)