Lately, there has been much made of the current “housing recovery,” with many thinking that the market turn around has begun and that the end is near for short sales. I could not disagree more, and here’s why:
Has the market recovered? According to Steve Berkowitz, CEO of Move, Inc., which operates realtor.com®, “Where we have seen significant volatility in many markets — including double-digit declines in inventories as well as increases in median price for both yearly and monthly views — we are now looking at a … (0 comments)
agents: Agents! There is no such thing as an approved Short Sale!
- 01/16/10 05:08 AM
I swear, if I see another listing that reads "Approved Short Sale! Quick Close! Buyers fell through make offer!" or something equally as stupid, I will have a freak out. These types of comments show that either the listing agent has no clue how short sales work, or they are being deliberately misleading. In case you didn't know, a short sale approval is almost always Buyer Specific. This means that the approval was based off of, and is approved only for the buyer listed on the purchase contract that was submitted to the lender. If you have a buyer that falls … (5 comments)
agents: New Short Sale Happenings....
- 12/17/09 01:43 AM
Well, it's been awhile since my last post and it's not because business is down. Au contrere my friends, if you are in real estate and you are NOT doing short sales you are certainly missing out. I have more short sales than I can shake a stick at! Seriously though, to be successful in short sales, it is IMPERATIVE that you: Know what you are doing (and I mean really know what you are doing, none of this "I'll learn as I go along malarkey.") Have a support staff Have expert legal representation, both for you and your sellers Have … (4 comments)
agents: OMG-SO much mis-information about short sales here!
- 07/17/08 01:12 PM
Ok....I am new to ActiveRain, but I am not new to the industry. Just in the last few hours of surfing, it is plain to me that the vast, VAST majority of folks here, both Investors and Agents, have ABSOLUTELY NO CLUE about the facts surrounding short sales. Let me elucidate on some of what I have seen and try to set the record straight... You can't do a short sale with no delinquency! Says who? Why not? When submitting a short sale, it is so much more than gathering paperwork and faxing it in. It is your job to show … (17 comments)
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Short Sale Road Rules: 2014 Short Sale Outlook
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