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Is the Government Finally “Attempting” to Assist in the Short Sale Debacle?

Is the Government Finally “Attempting” to Assist in the Short Sale Debacle?

We have been watching our government layout plan after plan to stabilize the housing market.  Finally—we are hearing parts of the puzzle that make sense to real estate agents and investors alike, whom are currently performing short sales by the truckload.
The U.S. Treasury Department, in a recent press release, has encouraged homeowners and servicers to [...]

How to Discount and Get a Short Sale Approved When There is Only a 1st Mortgage

How to Discount and Get a Short Sale Approved When There is Only a 1st Mortgage

There are so many misconceptions about how to negotiate 1st mortgages versus 2nd mortgages when dealing with a real estate short sale! First off, one of the most important details to be aware of in today’s market is that the 1st mortgage is typically the lien holder that is foreclosing on the seller, and [...]

When Doing a Short Sale: Stop Wasting the Foreclosing Lenders Time!

When Doing a Short Sale: Stop Wasting the Foreclosing Lenders Time!

The real estate short sale industry is booming and lenders are so overwhelmed with new and existing over debted properties in default that they need our help!  What I mean by that is, if you are doing short sales, please DO THEM correctly!  I keep getting feedback from lenders that there are too many investors [...]

How Should Agents Handle Multiple Offers?

How Should Agents Handle Multiple Offers?

The simple answer is: by remembering one key thing; the homeowner of the property is the seller, NOT the bank.
Too many so-called real estate professionals get this completely wrong. First off, all offers must be presented to the seller and it is the seller’s decision, with the professional assistance of their real estate agent or [...]

Short Sale Tsunami – Catch the Wave

Short Sale Tsunami – Catch the Wave

With BILLIONS of dollars set aside to help homeowners who are facing hardship with homes that are “underwater”, the Government’s new plan is designed to prevent a tidal wave of foreclosures.  The question is “will it”?  Will it affect the number of homeowners who will need a short sale?  The plain and simple answer to [...]

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