newnan short sale: Excellent Deal On This 5 Bdrm/ 3 Bth Ranch On Full Finished BSMT In Peachtree City, GA - 02/15/11 05:42 AM
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newnan short sale: Would You Prepare A HUD-1 Settlement Statement To Present To Your Short Seller's Lender?? - 11/17/10 01:32 AM
Recently, I attended another short sale class (because we can NEVER learn enough about these lovely suckers) and was totally floored when the instructor handed out blank HUD-1 Settlement Statements, and began to "instruct" the class on how to complete them. I watched as a class full of Realtors who were fairly new to the world of short sales intently listened and filled out the form as instructed. I quietly listened to her (while making an attempt to not show the disguest and horror on my face) and allowed her to finish her "instruction". Afterwards, I asked, "why wouldn't you allow … (2 comments)

newnan short sale: BPO Power....It's Much More Than You Think!!! - 08/02/10 11:09 AM
For many distressed home sellers, the term "BPO' is totally greek. Sadly enough, it doesn't ring a bell with many Realtors either. What's more disturbing is that very few Realtors consider the significance or the power of someone else (who's probably traveled for more than 30 miles away) taking a look at your property and giving their opinion of what it would sell for in today's market....sounds simple, right??? It's much more complicated than that.
The reality is that the fate of your client's property (and financial future) may rest upon this single, solitary number...because when that figure lands in the … (3 comments)

newnan short sale: Another Short Sale Success Story!!! - 07/29/10 08:39 AM

 
Beautiful 3 bdrm/ 2 bth family home with rocking chair from porch originally sold on July 19, 2010 for $109,829.00. Our short sale approval timeline is as follows:July 9, 2010 - Submitted short sale paperwork to lender along with offer and preliminary HUD-1July 15, 2010 - BPO assigned to area agent. July 22, 2010 - BPO received by lender.July 23, 2010 - File assigned to negotiator.July 27, 2010 - Negotiator conducts phone interview with seller.July 29, 2010 - Short sale approval received!!!Original Loan Amount -  $ 109,829.00Short Sale Purchase Price -   $  48,637.00Amt of waived deficiency -  $  61,192.00
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