Yes, There Are Still Short Sales

According to RealtyTrac, approximately 10% of California homeowners owe more than their home than it is worth. Because of a recent court case (Bank of America v. Caulkett), “lien stripping” is no longer an option for homeowners filing Chapter 7 bankruptcy. What is lien stripping? Lien stripping results when a homeowner files for bankruptcy, and the […]

The Skinny on Short Sales

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I came across a great article the other day that reviews 20 Cold Hard Facts About Short Sales. It’s true that short sales are not coming as fast and furious as 2010, but at Short Sale Expeditor®, we are still receiving new short sale packages to process each and every day of the week. Here […]

Some Good Summer Reads

Summer is here! And, you need something to do this summer… don’t you? For several years, Short Sale Expeditor® has been providing information about short sales that is designed to help the Realtor® navigate the short sale transaction. Here are three great articles that originally appeared on Agent Genius and were authored by the one […]

6 Books Every Real Estate Agent Must Read

Books Real Estate Agents Should Read Back when I was in junior high and high school, we used to receive a summer reading list. Everyone grunted and groaned when the teacher passed out the summer reading list. Usually it consisted of a minimum of three books (two of which were usually going to be boring […]

Want to Close? Pre-Qualify Your Listing

When a potential short sale seller calls you on the phone to seek your advice, are you already calculating your commission? I hope not. Because you need to do about five hundred and fifty-seven things before you ever see a short sale commission check. But, what’s the first thing that you need to do? You […]

Short Sales – How to Write a Hardship Letter

There are many reasons that underwater borrowers (prospective short sale sellers) may need to participate in a short sale. Most of these reasons include some sort of hardship. And, most short sale lenders will require a hardship letter (or a letter of explanation for those folks with no hardship) as part of the short sale […]

Credit Score Wrecked By Short Sale

short sales

Sellers considering listing their home for short sale always ask about the impact of the sale on their credit score. Should the seller continue to make mortgage payments? How do missed payments impact the credit score? Can you participate in a short sale and not miss payments? Credit scores, in general, are one of the […]

Bring Me Your Highest and Best – Huh?

Have you ever submitted an offer and subsequently received a phone call from the agent where she (or he) said, “Send over your highest and best.” The thing is that with short sales (actually with all kinds of offers), the highest offer is not always the best offer. In real estate and particularly in the […]