settlement: So you want to buy a short sale!
- 08/13/12 08:09 PM
What are the pros and cons of shopping for a short sale. Can you get a "great deal"? How long will it take? The first thing to consider is your time frame. If you're selling your home and moving in to your next purchase a short sale probably isn't the way to go. The only exception would be if you have someplace else to stay while waiting for settlement on your short sale purchase. In that situation you could try to negotiate a post settlement occupancy but that could lessen your chances of securing a buyer. Of course there … (3 comments)
settlement: Are appraisals really objective?
- 05/05/10 05:24 AM
OK, to all my Realtor friends out there that title may bring a chuckle. Unfortunately the public and most underwriters see appraisal results as set in stone. I'm writing this post because I'm seeing appraisals come in all across the spectrum of value. Not that we didn't have appraisal issues before but now, the law meant to protect the public is actually hurting them. As a Realtor and a licensee in the state of Maryland I'm required to be familiar with the market area I'm listing and selling in. Although I've heard from appraisers that they are also I'm not finding … (4 comments)
settlement: REO's and REO agents vs. state law
- 11/26/08 04:47 AM
Ok, I don't mean to offend anyone who lists REO's but I have been hearing more and more stories about the behavior of banks and, sad to say, their listing agents. Granted I'm speaking from a point of view of Maryland law but I bet it's pretty close in many other states. First issue, and I know it's an issue across the nation because of feedback at the board forums at the NAR convention. Banks offering properties for sale and scheduling closings on properties they don't even hold title to. Perhaps I don't understand the finer points of the law but … (2 comments)
What are the pros and cons of shopping for a short sale. Can you get a "great deal"? How long will it take?
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