It’s always our goal to help you stay ahead of the game. Hey… you already are ahead of the game—brave enough to stare short sales in the face and take short sale listings.
Here’s a recap of some of the interesting stuff that went on this past week in the distressed property arena:
How to Curb Short Sale Mistakes This article reviews the ways in which a little due diligence up front can help to assure that the short sale transaction actually arrives at the closing table.
HAMP Loan Modifications Pass 900,000 The Treasury said that the HAMP program actually would help up to five million borrowers. It actually seems like we might hit one million sometime soon. What do they say about baby steps?
Foreclosure Review May Take Awhile You’re probably not surprised about this one, but the Independent Foreclosure Review is slated to take much longer than expected. Read more about it here.
There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap right here.
Short Sale Expeditor
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Melissa, one of the first things out of my mouth when i discuss a short sale with a seller is that the bank may want a contribution or promissory note at closing and are they willing to do that to get it closed…great recap…right now i’m worrying about the snow at hand.
Ginny Lacey Gorman
North Kingstown Real Estate Agent