As a listing agent in Central Florida, the real estate market has forced those who are serious about their business to tackle the sale of short sales. With that task, we are faced with listing homes that have their mortgage held or serviced by Bank of America (BOA).
Most recently, I was using the online offer submission service for BOA, Equator when new fields populated that required information about the Buyer.
As the listing agent, I found it odd that I was being asked to provide information about the Buyer other than … (112 comments)
buying a short sale home: Buyers of Short Sales: Make Sure Your Closing Costs are Accounted For
- 06/06/10 03:01 PM
Many Buyers in today's real estate market are asking for the Seller to pay a portion (or all) of their allowable closing costs, pre-paid items (such as homeowner's insurance) and other loan related fees. If purchasing a property that is being sold as a short sale, the Buyer is ultimately asking the Seller's lender to accept less from the sale than they would receive if the offer was not contingent upon these additional costs being included. While many lender's are approving short sales with Seller paid closing costs, without it being stipulted and accounted for during all phases of the sales process, … (4 comments)
buying a short sale home: Part II: 11 Questions Sellers Should Ask If Considering Hiring a Loss Mitigation Company
- 02/08/09 10:01 AM
If you are reading this post, I'd recommend that you read Part I of this series here. OK, now that you are caught up on the purpose of this series, you are probably wondering if I have it "out" for Loss Mitigation companies. To answer, no, I don't have it "out" for Loss Mitigation companies...or any other company for that matter. On the contrary, there are times when I think engaging the services of a Loss Mitigation company will benefit all parties involved. However, I do strongly believe that when one is considering hiring a company or individual for a particular service (such as negotiating the loss … (4 comments)
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LaShawn Norden
REALTOR, (321) 377-0157, Your Real Estate Advocate...
Selling or purchasing a home can be exciting and scary at the same time! The goal of my blog is to educate Central Florida Buyers & Sellers about the Good, the Bad & the Ugly things that can happen in a real estate transaction! As an advocate for consumers in Orange, Seminole and Volusia County, I especially enjoy working with first-time home buyers, relocation buyers, sellers of distressed property and luxury home sellers. Native to Central Florida, I'd welcome the opportunity to be your advocate too!
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