One of the most important factors of completing a short sale successfully is Managing Seller Expectations. Whether you are a real estate agent or a real estate investor, upon initial contact with a potential seller, you must set proper expectations up front! What I mean by that is you need to immediately let them know [...]
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%, [...]
First of all, “yes” some short sales take long to sell and “yes” some short sale listings can be frustrating. But let me tell you this; not all are created equal! With a little patience and a little creativity you can overcome some of the shortcomings of listing pre-foreclosure/short sale properties and make a lot [...]
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 [...]