short sales: Can real estate agents negotiate short sales? - 01/04/11 02:16 AM
Things are changing.  http://tinyurl.com/3ybl6fm
… (1 comments)

short sales: Will banks collect on deficiencies in Florida? - 04/22/10 12:56 PM
I have always maintained the following which is just basic fiduciary law: Banks and mortgage servicing companies have duties to their clients (like mortgage pool operators, Fannie Mae, Freddie Mac and others) to collect as much money as possible.  In the case of banks...they MUST collect as much as possible or face suits from their shareholders for gross negligence.When we negotiate with the above parties on behalf of buyers and sellers as loss mitigators (essentially our main business) we MUST assume that the banks will follow these duties outlined above.Lawyers, Realtors, Mortgage Brokers, newspaper column writers, Title Companies and other "experts" … (0 comments)

short sales: What is my "agenda"? - 01/25/10 12:54 AM
What is my "agenda"?  When I state that it appears that there are close to 150k active foreclosures in the Tampa Bay real estate market. (Hillsboro, Pinellas, Pasco and Hernando counties)
Statistics are made to be slanted depending on what one is "selling".  Everyone who writes, especially bloggers and other journalists and other salesmen like you and me, have agendas.  This is the way to read the news and advertisements...what does the writer want us to do and think?
Such as..."has the market bottomed"?  And, whether you should wait to buy or sell among many other questions.
RealtyTrac, a subscription service … (4 comments)

short sales: Certified Distressed Property Expert - 08/19/09 04:08 AM
As short sales and other distressed property sales are dominating the real estate market, the more than 1 million Realtors in the US are scrambling to cope with this phenomenon.
Short sales are extremely labor intensive for Realtors listing these properties.  Even after property is listed and the property is contracted to be sold at an agreed upon price (where buyer and seller agree in writing), the seller's lender must approve the sale at less than the mortgage balance.  Only a very small percentage of short sales attempted eventually close in spite of all the parties to the contract wanting it to happen.  The … (2 comments)