short sale agents: How Do Short Sale Agents Price Homes?
- 01/06/19 09:41 PM
Short sale agents have gained notoriety for making low ball offers but NOT all of them take advantage of homeowners needing some quick cash. There are actually companies and professionals who give reasonable offers, creating a win-win situation for both “sides.”
516SellNow in Long Island NY trains their team to follow an extremely simple, yet FAIR guideline. When determining home value, they look at two major factors—the property’s condition and location.
Does it require major repair? How much will it cost the company? Where is it located? How much do homes in this area sell for? And do they sell quickly in the … (1 comments)
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short sale agents: Where do Banks Find their Appraisers for Short Sales?
- 06/17/14 03:07 PM
Where do Banks Find their Appraisers for Short Sales?
It has been a while since we had a short sale run amok. We have been quite fortunate to close all of our short sales when they do come on the market.
Sometimes when the road has been too smooth you can expect some turbulence.
We have a short sale where the appraiser turned in a "Fair Market Value" of at least $100,000 over the buyers' offer on our listing.
Even our seller was wondering what planet this appraisal just dropped in from.
We are contesting the appraisal … (9 comments)
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short sale agents: Bank Of America Short Sale Training Video- A Must For Training in Short Sales
- 07/26/10 06:16 PM
Bank of America Short Sale Training Video- A must for training in short sales. If you are a short sale agent this is a must see video about Bank of America short sales.
Are you a Short Sale agent? Do you work with Bank of America short sales? We all have had our share of nightmare closings and high doses of Tums and Alka Seltzer to deal with lenders on short sales. Here is the long awaited for how to do short sales with Bank of America video training module. Warning- Move liquids away from your keyboards and laptops!
… (68 comments)
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short sale agents: So If You Know Your Listing Price Is NOT Going To Get Approved....
- 06/03/10 06:20 AM
So if you KNOW your listing is NOT going to get APPROVED at that price why do you have it listed at that price?
There are two sides to this issue- One is from the listing side- your answer to me is that you want something to get the ball rolling. Understandable, however, there is a code of ethics IF you are a member of your local Realtor® to follow and most states have false advertising statutes that you legally are bound by. Of course, you don't HAVE to obey either and you can CHOOSE then to accept the consequences … (8 comments)
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short sale agents: Short Sales 101-Short Sales Are NOT Bank Owned Properties!
- 03/21/10 04:44 PM
I can not believe we are even having to think about writing a post in today's market for Florida agents and the Wellington Florida real estate agents to explain that a short sale is NOT a bank owned property!! But we are!
Nestor asked me to write this because this really just happened and we hope to educate agents as to what happens when you make an offer on one of our short sale listings.
After we receive your buyers' offer we contact our seller who is the homeowner of the property and present the offer to him/her/them.
It is then … (115 comments)
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short sale agents: Featured Guest on Blogtalkradio- Katerina Gasset on Short Sales
- 03/18/10 01:02 PM
I will be the featured guest speaker on Blogtalkradio at the Real Estate Roundtable tomorrow, Friday, March 19, 2010 at 1:30 p.m. EST.
Call in number is 347-215-7478- more info below in the screen shot.
The subject of this show is going to be SHORT SALES!
You are all invited to take a listen, log in and chat or just be there to offer me moral support:)
Our short sale training manual is near completion and our scheduled launch date is April 29, 2010. We are working really long hours to meet this date.
… (15 comments)
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short sale agents: Are You Tired Of The Buyer Walking? Short Sale Listing and Selling Strategies.
- 02/06/10 07:06 AM
Are You Tired Of The Buyer Walking? Short Sale Listing and Selling Strategies. As I move around reading Active Rain comments and posts and cruise the internet I find a lot of listing agents lamenting about the buyer walked in the midst of the negotiations or right as the acceptance letter arrives for a short sale listing.
Well, that used to be one of our biggest complaints also, but that changed as the market changed.
There is no problem for which there is not a solution. We are in the business of helping our clients. So we need … (104 comments)
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short sale agents: Stop The Banks! The Banks Are Trying To Change The Foreclosure Process!
- 02/01/10 04:09 PM
Stop The Banks! The Banks' Lobbyists Are Trying To Change The Foreclosure Process!
It is not a good thing to give the banks more power.
If you are a real estate agent or a homeowner in the state of Florida please contact your Congress men and women today, please contact your state Senators today! Do not let this plea go unanswered.
I just wrote a post about how if you are in the business of real estate you need to be involved with the political process and this call to action is NOW.
If you are a short sale agent, … (35 comments)
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short sale agents: Wellington Florida Short Sales Do Close! Another Short Sale Closed!
- 01/30/10 08:35 AM
Short Sale Success! Another Short Sale Closed! In fact, this week, we had 3 of our short sale listings close. Wellington Florida Short Sale Agents Closing Short Sales In Wellington Florida. Property- Single family home in non gated community with HOA. List Price: $249,777 when we got an offer- relisted in June of 2009, offers in June of 2009, BofA assigned negotiator in July of 2009, closed January 2010= 6 months. Purchase price: $ 257,000 Buyers: FHA loan- got their FHA loan funded in 14 Days! We listed this property and our buyer's agent sold it to a buyer that called … (7 comments)
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short sale agents: Establish Short Sale Referral Partners With Your Local Realtors®
- 01/26/10 12:34 PM
Establish Short Sale Referral Partners With Your Local Realtors® We just had a closing yesterday and this is the email we received from the buyers' agent. She has given us permission to post her feedback and working with us on a short sale listing:
There are very professional agents in our town that do not list short sales. One of those agents is a very prominent Polo player's wife. She refers her clients to us to do their short sale listing and negotiating and had never even asked for a referral fee. She just keeps sending her clients our way. … (15 comments)
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short sale agents: Why List With Top Palm Beach County Agents? Because They Get Results!
- 09/26/09 05:26 PM
Why list with top Palm Beach County agents? Why is that important? Because they get you to closing!
Sellers- Why would you want to list with the top Palm Beach County agents in the MLS? Because they are busy working on getting their listings closed. Momentum creates activity, activity creates results, results create closings.
In our Florida market most of the listings are short sales or foreclosures. Having in the trenches experience of getting short sales approved and to closing increases your chances dramatically in getting your short sale closed. If you need information about what a short sale is and … (7 comments)
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short sale agents: Florida Short Sales- Listing and Closing Short Sales In Florida
- 09/03/09 11:41 AM
Florida short sales- Listing and closing short sales in Florida. We close our short sales listings. Here is just a partial list of listings we have displayed on our blog that have generated offers and many of these listings got multiple offers. Some of these are actively still on the market, some of them are closed while others have offers being negotiated on with the short sale lenders. This is just the list of Florida short sales. If you would like to see a list of our listings that are NOT short sales you can contact us at 561-753-0135 for the … (7 comments)
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short sale agents: Your Short Sales Are Approved! Acceptance Letters or NOT?
- 07/06/09 02:02 PM
Great news! Your short sale listing has been approved. Please find the attached acceptance letter!
These are the sweetest words a short sale listing agent can hear! Or are they really?
Because sometimes there is a catch! So don't start doing the Happy Dance too soon! Make sure you read the fine print first. Most of the time the acceptance letter contains language that can still blow your deal right out of the water.
Hold on to that phone, hold back your tongue, don't jump before you read those acceptance letters!
Last week we received 5 acceptance letters: … (28 comments)
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short sale agents: Palm Beach County Short Sale Agents- Sometimes Stuff Happens!
- 06/18/09 05:34 PM
Palm Beach County Short Sale Agents- Sometimes Stuff Happens! Another day in the life of a short sale agent in Palm Beach County Florida: We get the call from the lender that the short sale has been approved and they are faxing us the acceptance letter and terms for title releases. Ring, ring, Nestor calls the buyers' agent to set up a closing date and time: Buyers' agent: Oh, I am so upset! The buyer no longer wants to buy the house. She refuses to buy a two story home now. You see, she fell down the stairs in another house … (21 comments)
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short sale agents: SHORT SALE FLIPS - TITLE INSURANCE PROHIBITED
- 06/09/09 02:58 AM
We have been warning sellers about these companies for a long time. Our title company will NOT participate in these deals. I don't feel comfortable committing fraud on the new lender or the old lenders. It just is not the right thing to do. I am glad that Richard wrote this post. Please read it.
The short sale flip apparently is alive and well for some investors - and it is causing havoc with title insurance underwriters. Now the title insurance underwriters are making their case simply by declaring that they won't insure such transactions.
This decision is not surprising. … (7 comments)
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short sale agents: What Short Sale Lenders Say About Agents
- 05/11/09 03:46 AM
Since we list a lot of short sales and close on these short sale listings we get the opportunity to talk to many supervisors and executives at the different lenders and servicers that make decisions about accepting a short pay off on a mortgage.
We have developed some good working relationships with negotiators, supervisors and executives at many of the short sale lenders and their servicers over the years to the point that all we have to do is send an email when things don't go right and we will get immediate attention to our situation. This benefits our sellers … (24 comments)
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short sale agents: We Are Looking For An Agent To Refer A Listing To In Port St Lucie Florida
- 05/04/09 03:22 PM
Attention Florida Agents in St Lucie County, Martin County, Palm Beach County Agents. If you know how to do short sales and take listings in Port St Lucie Florida we have a referral for you. I don't have time to sift through all the AR profiles to get a no response. The last 3 times that I was trying to refer a client to someone on AR- I got like no response. The agents I called did not return my calls or emails. So I am just putting this on my blog because I know that a lot of area agents … (9 comments)
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short sale agents: Luxury Homeowners Have Options- Palm Beach County Short Sale Agents
- 04/29/09 05:23 PM
If you own a luxury home in Palm Beach County Florida valued over $1,000,000 in the locations of Wellington Florida, Palm Beach Florida, Manalapan Florida, Jupiter Florida, Delray Beach Florida, Hypoluxo Island Florida, Boyton Beach Florida and North Palm Beach Florida- and need to relocate or downsize contact Nestor and Katerina Gasset in order to get your short sale process started.
Your attorney or your lender may have already mentioned to you the possibility of completing a short sale instead of going into foreclosure on your property in Florida.
This is not the time to list your property with … (3 comments)
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short sale agents: Let's Get Down To The Truth About Short Sales
- 04/28/09 08:52 AM
There have been so many posts written about short sales on Active Rain lately. When I first started blogging on Active Rain in June of 2007 there was only us and Dan Forbes that were writing series on how to do a short sale. At that time I would say that 90% of all the comments that we received were that agents were refusing to list or sell short sales. In fact, there were brokers who dissallowed the agents in their offices to participate in Short Sales.
It only took about a year or so before agents started to realize … (128 comments)
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short sale agents: Short Sales- Palm Beach County- Facts vs Fiction- Myth #1 Busted!
- 02/15/09 01:19 PM
Short Sales in Palm Beach county and all over Florida keep on coming. Certification programs spring up out of nowhere suddenly whenever there is some niche that turned up in the market.
Everywhere I turn I see Certified Distressed Property Specialist certification programs, REO Certification programs and now all about how to become a loan modification specialist.
The one thing that I know for sure about these programs is that they don't mean a whole lot if the people aquiring these certifications either did not understand what was taught or were taught the wrong information. More on that later.
… (49 comments)
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Short sale agents have gained notoriety for making low ball offers but NOT all of them take advantage of homeowners needing some quick cash. There are actually companies and professionals who give reasonable offers, creating a win-win situation for both “sides.”
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