Ben's Short Sale Insights

We had an agent use our strategy to double side his short sale listing. He promoted the house using our instructions and held it open from 1-2 on Sunday. About 30 people showed up. He got a good offer that looks like it will go thru. Best of all he is double siding the house. Here are a couple ti...

Question from an Agent: I think I put myself in a pickle would like to know how to avoid it next time. First lien holder gave me a price and a net they would allow. OK, I got the price and the first got over the their minimum net they said they had to have. So with that the HUD I offered the 2nd ...

One of my friend's house recently got foreclosed upon. I never listed the house. I didn't really want the listing because it was worth $80,000, had two mortgages, and it was my friend's house. This is a pretty close friend and my friendship is more important than making a couple bucks. The REO ag...

Short sales are frustrating sometimes. If you miss any costs, you often end up paying for them. The most common missed costs are property taxes, Homeowner's Association Fees, and judgments or liens. What happens when you get to closing and there is an extra 2K that has to be paid? Does the seller...

A Quick Note: I had a few people ask me if they could get in contact with Matt Vernon. We talked with him at length about the problems BOA is having with their short sales. He is well aware that they do have problems. He is working to fix them. The problem is that it takes time to change the dire...