Three Things to Consider Before Taking a Short Sale Listing

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One of my favorite clients called the office today to discuss a prospective short sale listing. Unfortunately, the property has many defects that will impede it from being sold at market value: it’s got a failing septic system; it was built near a toxic dumpsite; and it has a cracked slab. This agent wanted to [...]

June 19, 2013 0 comments CONTINUE READING THIS POST →

Bank of America FHA Short Sales Puzzle Agents

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As if the short sale process wasn’t already a set of Byzantine rules that would challenge Albert Einstein, the Bank of America FHA short sale takes the short sale process to a higher level of complexity. If your client, the short sale seller, has an FHA loan and Bank of America is their lender, there [...]

June 17, 2013 0 comments CONTINUE READING THIS POST →

Weekly Short Sale Roundup – Fannie Mae Again

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Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers. Read below to learn about some of the interesting stuff [...]

June 14, 2013 0 comments CONTINUE READING THIS POST →

In Sports and Real Estate, Persistence and Unique Style Pay Off

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Have you ever heard of Dick Fosbury? Richard (Dick) Fosbury (b. 1947) is one of the most influential athletes in Track and Field. That’s because he revolutionized the high jump event by inventing the “back-first” technique (known as the Fosbury Flop) that has been adopted by jumpers today. By changing from the traditional way of [...]

June 12, 2013 0 comments CONTINUE READING THIS POST →

Fannie Mae Announces Website Improvements

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If you are an experienced short sale agent, then you know the patience that is often required in order to achieve success in a short sale transaction. Over the past several years, Short Sale Expeditor® has discussed many of the challenges facing agents negotiating short sales. Often times, these challenges included situations with Fannie Mae [...]

June 10, 2013 1 comment CONTINUE READING THIS POST →

Weekly Short Sale Roundup – Housing Bubble?

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Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers. Read below to learn about some of the interesting stuff [...]

June 7, 2013 0 comments CONTINUE READING THIS POST →

If You Want More Closings, Rethink Your Plan

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Are You Still Remarkable? Are you familiar with Seth Godin—author of Purple Cow among other noteworthy books? On Godin’s blog the other day, he discussed real estate agents and brokers. That’s not something that he normally does. Generally, he shares marketing ideas and thoughts about how to make your business and yourself remarkable. But, in [...]

June 5, 2013 0 comments CONTINUE READING THIS POST →

Latest Short Sale Trend Causes Nightmare for Agents

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It’s too bad that this week’s free short sale webinar is dedicated to Proven Short Sale Lead Generation Techniques because there is a new trend occurring in the short sale world (and we share new trends in a different webinar not scheduled for a little while longer). If you are a busy short sale agent, [...]

June 3, 2013 1 comment CONTINUE READING THIS POST →

Weekly Short Sale Roundup – Watch Out for Wells

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Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers. Read below to learn about some of the interesting stuff [...]

May 31, 2013 0 comments CONTINUE READING THIS POST →

Short Sale Tip – Confirm Conversations in Writing

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When it comes to short sales (and real estate, in general), it is vital to include letter or email of confirmation in your bag of tricks. What is an email of confirmation? An email of confirmation is an email that confirms a conversation that you had with another individual or individuals either over the telephone [...]

May 29, 2013 1 comment CONTINUE READING THIS POST →

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