Mary Ellen Holleran's (maryellenholleran) Blog

http://www.corelogic.com/about-us/news/corelogic-reports-shadow-inventory-continues-to-decline.aspx What Does Shadow Inventory Mean?A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until ...

Don't forget to take back up offers on short sales. So many buyers jump out at the last minute because there are too many repairs and they feel overwhelmed. The good news in taking back up offers is that you now know what the bank is looking for in the bottom dollar. So, keep taking offers so you...

I am beginning to realize that it's wise to challenge the loss mitigation departments every step of the way in a short sale. Starting with the HAFA and HAMP rejections. If your client wants to stay in the home and believe that they can afford a modified payment or their circumstances have changed...

Regardless of how careful and prepared you are for a short sale closing there always seems to be a glitch at the end. The last title search the day before closing showed two more liens that had just been filed two days ago. The homeowner does not know what these are or at least is sticking to tha...

Groupons, Living Social, Twongo and a host of other coupon driven and wildly successful marketing tools. Daily I hear the buzz of "Did you see the Whole Foods Groupon" or "Wow, did you get the gym living social today" and the never ending two for one restaurant bargains. Everyone uses them and wa...

As part of my short sale consulting business I encourage both the buyer and sellers agents to prepare their clients for a lot of paperwork. It may come at once, it may stagger in, it may be repetitive but I assure you it will be more than a standard sale. The buyers are sometimes taken back when ...

What is your obligation when the buyer chooses to be unrepresented? A very slippery slope unless the buyer is a savvy investor who has done this dozens of times and just doesn't want to use a REALTOR-foolish still but it happens. I was consulting on a short sale where the buyer was unrepresented....

I find it interesting and disturbing at the same time that the banks regularly check blogs about themselves to see what is being said. I post on my Wordpress blog about short sales and mention lenders occasionally. I immediately get hits from every bank I mention. I sometimes get an email and eve...

http://www.wral.com/news/education/wake_county_schools/story/10160468/ Wake County NC has voted to open one all girls and one all boys schools. Grades 8-12 will be allowed to apply for the limited spots available. The schools will work in conjunction with local colleges as leadership schools. The...

I started my own company several months ago and one of the headaches is finding good vendors for things such as yard signs. Anytime any of us spend money we are looking for quality and customer service. I have been shopping around and been amazed that some of these sign companies are still in bus...