Sellers Can Still Get Paid to Short Sale

On October 30, 2014, the Home Affordable Foreclosure Alternatives (HAFA) Program released Supplemental Directive 14-04: Making Home Affordable – Program Updates. If this sounds like a lot of gibberish, the main thing that real estate professionals need to know is this: HAFA relocation assistance is increased to $10,000 for short sale sellers that close on […]

10 Ways to Get a Quick Closing

What’s the quickest short sale approval letter that you have ever received? I’ve received a few in under 48 hours–but only a few (which way less than one percent of my short sale closings.) There are, however, some ways to ensure that your short sale approval comes as quickly as humanly possibly. Top 10 Ways […]

How to Dispute a Short Sale Property Value

I’m not going to say that I am super strong. I’ve done some martial arts and some kickboxing, but if I hit you, I probably wouldn’t take you to the floor. Nevertheless, I know the best way to fight a bad Broker Price Opinion (BPO). I can knock that baby to the floor in three […]

What You Must Know Before Your Next Listing

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Now that the market is officially swinging upwards again (for how long, who knows?), there’s something very important that you need to know if you are a listing agent. Specifically, you need to know how much the seller owes in liens and mortgages and assess whether the seller is actually “upside down” or not. That […]

Here’s the Solution to Any Short Sale Problem

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We had no less than five short sales scheduled to close this week, and only one of them actually closed. Problems such as loan documents not being generated on time, issues with an LLC buyer, and title concerns about a power of attorney delayed the other four. When things in real estate don’t seem to […]

What You Need to Know in Order to Close the Sale

title report

At our office and on our blog, we have often reported about the importance of ordering a preliminary title report either before or immediately after taking a short sale listing (or any listing, for that matter). This preliminary report will reveal the inside scoop on your listing or potential listing and may save you a […]

The Skinny on Short Sales and Bankruptcy

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When taking a short sale listing, one of the questions that the listing agent should ask is whether the seller is in an active bankruptcy. Due to the state of our economy, it has become increasingly more common for homeowners to file  (or to have recently filed) bankruptcy. Short Sales and Bankruptcy An active bankruptcy […]