short sale strategy: When banks play hardball on a short sale, should we play hardball back?
- 08/12/08 05:32 AM
We know how stoooopid loss mitigation departments can get. They take forever to make black and white decisions, they answer the phone when they want to, they put us on hold while they play Freecell or Solitaire on their computers pretending to be looking up our file, etc.
Last week, we get an approval on an offer written months ago. The listing agent is excited, I'm excited, client is excited, etc. is excited... Problem is, they approved it for $11,000 less than we needed and they didn't bother to tell anyone.
Although the contract had included concessions to my … (94 comments)
short sale strategy: FHA Loan Limits will Catch Sellers Asleep at the Wheel!
- 03/07/08 11:13 AM
The first word has come out listing the increased FHA loan limits to $346,250. This will be a huge blessing for those customers looking to buy or sell a home at amounts over the previous limit of $263,150. Buyers that are acting quickly can snatch up homes from sellers that don't react to this news in time. Many homes in the $270,000+ range have sat on the market with very little showing activity. Now, liquidity has been put back into the $270,000 to $360,000 price range. Since most Realtors have not been keeping up to date on lending guideline changes, many … (5 comments)
We know how stoooopid loss mitigation departments can get. They take forever to make black and white decisions, they answer the phone when they want to, they put us on hold while they play Freecell or Solitaire on their computers pretending to be looking up our file, etc.
;)
;)
;)
