short sale real estate: Short Sales are All About the Seller
- 08/07/10 06:20 AM
Okay, this will surely strike some nerves with those buyers out there trying to purchase a short sale home. Sorry, but the facts are what they are. First let me say that I've done many Short Sales, representing both the seller and the buyer, and therefore have some insight into the process and situation. I'll say it now, and again.... SHORT SALES ARE ALL ABOUT THE SELLER. Let's break it down. The reason why the short sale is all about the seller is simple. The seller in most cases is in trouble and needs to get out of the financial … (1 comments)
short sale real estate: HOA's - More Power Than We Think
- 05/11/10 07:23 AM
As many more people fall behind on their mortgage payments, so it seems does the ability to pay HOA dues. Many assume that the short sale or foreclosure will resolve any missed HOA payments, penalties and even attorney fees. The fact is, the debt will survive foreclosure and will most certainly reak havoc for the short sale process. HOA's have more Power than we think. They have the ability to follow the individual after a foreclosure. While a short sale requires resolution to clear title, the past HOA dues and penalties can nix a deal. In Arizona there are so many … (2 comments)
short sale real estate: Short Sales - Bank of America
- 01/03/10 04:03 PM
By now many of you have experienced the pains of a short sale with Bank of America. As much as they have tried over the last year, they continue to fall short on their promises to improve their process and procedures.As realtors, we have a huge influence on where we send our clients for new financing. Bank of America's performance on short sales have left such a sour taste in our mouths, that we cringe at the mere mention of a new loan with Bank of America.We recently attended a round table event with a Bank of America negotiator. He was … (7 comments)
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