Whether you are the listing real estate agent or an investor, perhaps one of the most important aspects to a short sale is to make sure that the buyer on any given property can actually close, and that they aren’t just wasting everyone’s time.  With tighter lending guidelines these days, buyers are not only taking [...]

For those of you that have been doing lots of short sales lately, you’re likely aware that many second mortgages are requesting a minimum of 10% in order to agree to a short sale.  Bank of America is no exception to this.  They are now one of the lenders that request a minimum of 10%, [...]

As you begin working with a seller that is in foreclosure, the most important thing that anyone must concentrate on is filling the seller’s NEEDS! Times are a lot different than they were a year and a half ago, and now sellers in foreclosure don’t care who you are or how many properties you’ve bought, [...]

When it comes to selling properties, if you don’t have immediate access to buyers it doesn’t matter how many houses you have listed for sale or how many you have in your inventory.  You may be able to sell a house here and there that is priced right and shows well, but remember…the key is [...]

“Following Up” is your key to short sale success! Following up on every aspect of your short sale is one of the most crucial parts of a short sale.  If there was one thing that, above all, needed to be done well in order to ensure success, it would be following up.  Because a short [...]

We are doing a video documentary series on an actual short sale from the start of the short sale process all the way to the end. We are starting this video series (part #1) with the seller already on board and ready to sell their property. As you will see in this 1st video, we [...]

In the course of all the short sales you will take on, you will likely encounter some highly irrational real estate agents.  But fear not!  You can work successfully with them, despite all their grumbling!  The key is to build rapport with them, to get the point across that you are all on the same [...]

“I saw your name on the coversheet, and great, I love working with these guys!”  Those were some of the first words that the new negotiator at GMAC said upon his phone call informing me he was now handling this file.  And that was when I knew that this deal was going to happen, it [...]