gmac: GMAC FHA Short Sale On Its Way to Approval
- 03/29/12 03:29 AM
In the business of short sales when you finally get a bank that makes a solid effort to effectivly handle a file you feel like telling the world. We have a GMAC short sale insured by FHA. We have found lately that Bank of America and Wells Fargo have been so SLOW on their FHA files that I am almost falling out of my seat to see an Approval To Participate (ATP) letter from GMAC 36 days after sumitting our offer. If you are not in the Biz you might think that is still a long time but several of … (0 comments)
gmac: Who do you know?
- 06/12/09 07:08 AM
This is not intended to sound like I am bragging I just want to emphasize a point that can supercharge your short sale business. I am sure you have heard the phrase, "It isn't what you know, it's WHO you know." This is as true in short sales as it is in any other part of life. How often have you had an offer come in on a short sale property the week of the foreclosure auction? What about a day or two before the auction? Most agents will give up on the short sale and tell the buyer's agent that … (2 comments)
This is a blog that journeys through the process of a short sale. We will discuss shortsale negotiations, pricing strategy, BPO, and even how to postpone foreclosure auction dates.
In the business of short sales when you finally get a bank that makes a solid effort to effectivly handle a file you feel like telling the world.
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