Mary Ellen Holleran's (maryellenholleran) Blog

I am running a short sale on a multi million dollar home. Admittedly, this is a price point that I don't work everyday and have a question about the $1.3 million dollar equity loan. I generally settle the second with Wells Fargo at about 7% to 15%. I'm wondering if this is true for something of t...

I have a request from Fidelity Bank to sit down with the homeowners to discuss the second lien on their home. It's a short sale, the first is covered by the sale but the second is short. I have never had a lender ask to sit and talk with the homeowners and wondering if anyone is familiar with thi...

This is a question I get often and, you see from reading my past blogs, find that even real estate agents confuse foreclosures and short sales. I heard a statistic today saying that something like only 35% of homeowners know what a short sale is. I have decided to start from the beginning and go ...