brokers: Short Sales Tip: Buyer Beware "Short Sale Approved" - Truth or Marketing Hype?
- 08/17/10 08:54 AM
Searched the MLS for a house? Then you've likely seen the phrase... "Short Sale Approved". The implication is that the seller's mortgage holder has approved the sale of the home at the asking price. While some listing agents may lead you to believe this, the truth is that short sale deals are complex and are only "approved" under certain conditions. Practically speaking, there are really no short cuts when it comes to purchasing a short sale home. However, having a basic understanding of the short sale transaction process can certainly expedite the transaction and keep you from being involved in a … (1 comments)
brokers: An Investor's Viewpoint: What Makes an Agent a "Certified Expert"?
- 07/20/10 02:29 AM
As a short sale investor, our company is often approached by agents and brokers who wish to work with us, claiming to be "certified experts" in short sales, foreclosures, or distressed properties. The term "expert" means many different things to different people. It has often been my experience that being "certified" or making the claim of "expert" has little to do with having an in depth understanding of the nuances, complexities, or patience it requires to work with short sales or REOs. This is especially true with agents who struggle to understand these deals from an investor's point of view. At … (4 comments)
Searched the MLS for a house? Then you've likely seen the phrase... "Short Sale Approved". The implication is that the seller's mortgage holder has approved the sale of the home at the asking price. While some listing agents may lead you to believe this, the truth is that short sale deals are complex and are only "approved" under certain conditions. Practically speaking, there are really no short cuts when it comes to purchasing a short sale home. However, having a basic understanding of the short sale transaction process can certainly expedite the transaction and keep you from being involved in a … (1 comments)
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