As everyone is well aware of, our economy is not in the best place at the moment.  In order for it to be able to recover, it will require money to start flowing freely through it.  Part of how that can be accomplished is when more money is spent on various goods and services.  Every [...]

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 [...]

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 [...]

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 [...]

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%, [...]