ARCHIVED BLOG POSTS
2010
Antioch CA - Yesterday's post talked about how banks lose money when they turn down short sale offers. A recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure. Discover how other sellers successfully did a short sale and request ...
10/29/2010
Antioch CA - Fannie Mae & Freddie Mac (I'll call them Fannie & Freddie in this article) are finally starting to realize that lenders are not doing their job. Between the two of them, Fannie and Freddie own around 55% and 65% of the country's mortgages. Discover how other sellers successfully did ...
10/28/2010
Antioch CA - "I can't process this short sale without the TPS form filled out with the seller's full name", the short sale negotiator told him. "But, based on my calculations, this short sale will help your company avoid a $17,000 loss", he replied. "So, you're telling me that unless I can get yo...
10/28/2010
Antioch CA - I read an interesting book that was written by a former real estate agent. The author, Robert Ringer, talked about persistence and how it helps you be successful. He told a story about phoning a call center. Discover how other sellers successfully did a short sale and request a free ...
10/27/2010
Antioch CA - Many people ask if they should do a deed-in-lieu of foreclosure and give their house back to their lender. A deed-in-lieu does have its benefits. Lenders like them because they speed up the foreclosure. Discover how other sellers successfully did a short sale and request a free consu...
10/26/2010
Antioch CA - We recently talked to another agent about her short sale listing. (Some of the details have been changed to hide their identity) She had been working on this short sale for 6-8 months with no success. The original buyer offered 265k for the house. Discover how other sellers successfu...
10/25/2010
Antioch CA - Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. Discover how other sellers successfully did a short sale and request a free consultation by clicking here...
10/22/2010
Antioch CA - Some homeowners have watched the value of their home be cut by 30-50%. They paid 700k for a house that is now worth 400k. They want a principle reduction, but the lender won't agree to it. Discover how other sellers successfully did a short sale and request a free consultation by cli...
10/21/2010
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Antioch CA - Wells Fargo is one of the largest lenders in the US. They are the second biggest short sale lender we work with. The Wells Fargo Loss Mitigation Department is much better to work with than lender's loss mitigation departments. Discover how other sellers successfully did a short sale ...
10/21/2010
Antioch CA - Some homeowners have watched the value of their home be cut by 30-50%. They paid 700k for a house that is now worth 400k. They want a principle reduction, but the lender won't agree to it. Discover how other sellers successfully did a short sale and request a free consultation by cli...
10/20/2010
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Shonn Thompson
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