strategic short sale: Short Sales - The Success of the Sale May Be Doomed from the Start
- 11/29/10 01:03 AM
My Client Has Made a Difficult Decision About 2 weeks ago a client called and said he wanted to discuss something with me. He is also a good friend and I said sure, what's going on? He went on to explain that he no longer wants to be dumping money into a house that is worth so much less than he paid. It doesn't make any sense to him but he doesn't just want to walk away either. He would like to short sell it. I told him to let me see what I think we can get for his house. … (0 comments)
strategic short sale: Some thoughts on this strategic foreclosure/short sale topic.
- 08/18/10 02:12 AM
I read a blog this morning that discussed strategic short sales... I have to admit, I've not heard that term before except as associated with foreclosures. I know that people drag all sorts of emotional issues into this topic concerning ethics, morals and not wanting to pay for other's mistakes. All valid to them and I respect their opinions but I wanted to explore this topic on just a business level. Modifying Loans is not a new concept... Financial contracts are restructured all the time. It's just not normally done unless it's business to business. The buyer may have made a … (0 comments)
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