short sale expert: Beware of the Deficiency Judgment; The Ultimate Short Sale Fatality - 01/13/10 04:33 PM
Well intended Realtors often ask me for advice on getting their short sales approved, however a question that I should be asked is; "how to get a short sale approved where the seller is assured of a discharge from all debt obligations? or a promise that a future deficiency judgment will not be sought." This is the key for doing a truly "successful" and complete job for your client. Getting the short sale approved so that they can sell their home is a battle, getting it approved so that they will not have their lender(s) knocking at their door for money in 3-4 months after the … (14 comments)

short sale expert: When closing a short sale don't make this possibly "fatal" mistake! - 08/17/08 04:25 PM
 
When closing a short sale don't make this possibly "fatal" mistake! (edit/delete) I just closed another successful short sale, but It could have been a disaster because of an easily overlooked paperwork situation that had come to my attention that many agents probably make, and live to regret. In this situation both notes for the 1st and 2nd mortgages were held by the same bank and both investors had agreed to the short sale. Each of them signed off an approval separately,however after the close of escrow date had been moved up by only three days from the original HUD date, … (2 comments)

short sale expert: When closing a short sale don't make this possibly "fatal" mistake! - 08/16/08 12:03 PM
I just closed another successful short sale, but It could have been a disaster because of an easily overlooked paperwork situation that had come to my attention that many agents probably make, and live to regret. In this situation both notes for the 1st and 2nd mortgages were held by the same bank and both investors had agreed to the short sale. Each of them signed off an approval separately,however after the close of escrow date had been moved up by only three days from the original HUD date, due to the buyer's loan processing delay, a delay which was approved … (3 comments)

 
Lauren Nemeschansky (REMAX of Valencia/Santa Clarita)

Lauren Nemeschansky

Santa Clarita, CA

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REMAX of Valencia/Santa Clarita

Address: 25101 The Old Road, Santa Clartita, California, 91390

Mobile: (661) 310-8215

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Life in the Santa Clarita Valley.


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