Real Estate Business Mentors

In this edition we discuss some updates regarding Chase and when they expect to fully implement Equator, and what it is they’re working on for the implementation. As we previously reported, Chase has also made the decision to transfer all of their short sale work to Equator. This move will help to standardize the process [...]

In this edition we discuss the perfect alibi, and how lenders, investors, and the government are all playing a role in further complicating short sale, for the “good” of homeowners. We’ve all seen a movie or read a book at some point in our lives where the killer or otherwise guilty party is the one [...]

So it’s been pretty well known that Freddie Mac and FHA have some irrational guidelines that do nothing short of stopping short sales dead in their tracks. Yes, their rigidity with regards to their policy is not something that has gone unnoticed. FHA short sales often take months upon months, with no real progress made [...]

In this edition we discuss cash contributions required of sellers to be paid at closing, as well as go over promissory notes. We’ll discuss the causes or reasons as to why lenders pursue them, and how you can and should react, and what you can do to avoid them. In years past, lenders would determine [...]