short sale: What does an Equator (formally REOtrans.com) account really mean? - 02/26/10 06:37 AM
A recent discussion with a high ranking bank official recently shed a lot of light on what exactly is Equator and what is it designed to accomplish. What to expect going forward when you find yourself with Equator files, and what the bank’s reasoning is behind implementing the Equator system for their short sales. Equator is now being used by more and more banks to negotiate short sales without having any phone calls or human interaction between the bank and the prospective buyer and seller.
It is important to note that banks are using the Equator system to facilitate their short … (0 comments)

short sale: Strategic (Short Sale) Default - 02/26/10 06:28 AM
The topic of a strategic default is a hot one, no doubt about it. What happens when a strategic default takes on a form of a short sale? I do not intend to make this an in-depth discussion of all aspects of strategic defaults. Neither do I wish to debate the moral issues surrounding a home owner voluntarily walking away from their mortgage while they can still afford to make the payment. For all who are interested in the detail please read Understanding Strategic Defaults by Alan Glass of Los Angeles based ASG Real Estate. For a more general overview check … (0 comments)

short sale: Top 10 most important items for successful short sale negotiation - 02/26/10 06:23 AM
Below is a list of best practices used by most successful professionals handling short sale negotiations. These are essential items everyone involved in negotiating short sales must practice and observe. 1. Transparency of all negotiation related activities – with all parties having access to the details. Active involvement creates a self-policing environment when both sellers and buyers can follow the transaction. It helps build a team approach to the transaction and instills confidence to all parties that the right things are being done to secure short sale approval. This is important if additional funds are required to secure a short sale … (0 comments)

short sale: Done For You Short Sale Negotiations - 02/26/10 06:19 AM
Turning Leaf Advisors, LLC (TLA), a loss mitigation firm that provides help for individuals and families facing foreclosure has created the “Done for You Negotiations”® program. This exciting new model is available for real estate brokers and agents that have Short Sale listings that need to be negotiated with the bank. TLA and its “Done for You” model will comply with all individual state regulations and licensing requirements pertaining to negotiating short sales. TLA has increased its capacity to negotiate short sales as 2010 is going to bring an unprecedented amount of new short sale listings for real estate professionals.
The … (0 comments)

 
Tracey Baron (Turning Leaf Advisors California)

Tracey Baron

Orange, CA

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Turning Leaf Advisors California

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