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 [...]

By Bob Lachance
If you visit agent blogs or discussion threads you will no doubt run into controversy about whether or not real estate agents should work with investors to buy and resell short sale properties.  There is a crowd of agents that do not understand and will always refuse saying that the process violates an [...]

“If you’re honest with yourself and truly looking for answers, dig in and enjoy. If you’re looking for excuses don’t waste your time — it won’t help.”
– Patrick Precourt
This article was written for and published on www.ShortSaleMedia.com and on www.RealEstateBusinessMentors.com.
Why doesn’t everyone have everything they want out of life? Why don’t they have everything [...]

Foreclosing banks lose everything!
By Bob Lachance
If I were to ask you what you thought was one of the biggest causes of short sales failing, what would you guess?  No buyers?  A high BPO or appraisal?  While those challenges can certainly kill a short sale, they usually aren’t the leading causes.  Perhaps the biggest mistake we [...]

By Amy Ransdell
There are a lot of hopeful reports floating across the media that point towards housing recovery.  The National Association of Realtors reported that the Pending Home Sales Index jumped in April by the most in more than seven years.  The pace of job loss significantly slowed in May, housing sales are up and [...]

In today’s real estate environment, it seems like everything that is either bought or sold is a short sale. With a successful short sale comes a host of other sometimes unknown things; two of them being either a potential deficiency judgment or tax liability to the seller.  When it comes to determining how these two [...]

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 [...]

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 Change on how Lenders process Short Sales is finally here! Lenders now WANT your Short Sale Offers!
Contrary to popular belief, lenders are now more and more agreeable to working with short sale specialists and are asking us for any and all offers!  Although it seems like we’re constantly fighting against them, in recent weeks [...]