Tag Archives: Sale

Banks and Lockboxes on your Short Sale Listing

15. Dec, 2010 0 Comments

I must admit I learn something new with each short sale I work on. Last week, I received a call from a firm leaving a message that they would need to winterize my client’s home, which is a short sale. The lender was aware my clients had moved out of

Related posts:

  1. Short Sales – What a Contradiction
  2. Hey Associated Press: Our Listing Was Just Broken Into by the Bank
  3. Do Banks Now Prefer Short Sales over REOs?

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How long should a short sale take?

10. Dec, 2010 0 Comments

Great question, but what is the answer?  The best one I can think of is “It depends…” There are several key aspects of a short sale which will allow you to estimate how long it may take to get a file closed. First and foremost, finding o

Related posts:

  1. Horton Hatches a Short Sale Egg: I meant what I said 100%
  2. How to Deal with a Demanding Short Sale Negotiator!
  3. Bank of America’s Latest Trick or Treat in Short Sales
…

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Shortening the Short Sale – How to Create a Win-Win Situation for Everyone Involved

08. Dec, 2010 0 Comments

RISMEDIA, December 9, 2010—In today’s complex housing market, real estate agents are handling an increasing volume of short sales. While many agents view short sales as a win-win for both homeowner and buyer, they can cause many complications if not properly understood and executed. Since there is no provision in the mortgage agreement for a short sale, the primary lien holder—the mortgage servicer—must approve the homeowner’s request for one. Any additional parties with liens against the property, such as a …

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Short Sale Fees and How to Correctly Charge Them

08. Dec, 2010 0 Comments

There have been so many changes in the short sale industry, it’s hard to know which way to turn. However, one thing that we have learned recently is how important it is to list our short sale facilitation / negotiation fees on the HUD and how they

Related posts:

  1. HUD Short Sale Only Allows Certain Fees
  2. Horton Hatches a Short Sale Egg: I meant what I said 100%
  3. Case Study: Road Bumps in Unexpected Places

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Foreclosure Sale Ban Lifted by Fannie Mae and Freddie Mac

02. Dec, 2010 0 Comments

Fannie Mae and Freddie Mac have lifted the ban on the sale of foreclosed homes. The two agencies had frozen the sales since the robo-signing scandal that surfaced a couple months ago. Fannie Mae told agents to coordinate with appropriate personnel

Related posts:

  1. Fannie Mae/Freddie Mac loan modifications increase in 2nd Quarter
  2. Fannie and Freddie Bailout Costs Could be Twice the Original Estimates
  3. What Will Be the Fate of Fannie and Freddie?

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