Short Sale With a Guarantor
Even beautiful homes like this are sold short. This one involved negotiating with a guarantor, which saved the day. Without the guarantor, we were dead. With it, we sold the property and took this burden off a delightful family right before they had another child. She was so happy, she sent me a text message from the hospital after the baby was born. If you wonder whether your clients appreciate your efforts in a short sale, ask yourself if you have ever had anyone text you a thank you note right after giving birth. This was Rod and Cassandra's home in North Raleigh, ...
Short Sale with Wells Fargo
Here is a short sale where Wells Fargo ultimately did a great job. We had an offer on this property from a buyer who needed a home before the end of the year. Short sales may take an extended amount of time to review, so you need to have a buyer who will trade the convenience of a quick closing for a better price. When it took too long, he bought another house. Fortunately, I had kept in touch with another buyer who liked the house, but insisted on an even better price. When Wells Fargo lost the first buyer, they ...
Welcome to Short Sales Are Us
This site will tell you everything about short sales. What is a short sale? It is a real estate sale where there is not enough money generated by the sale to fully pay off the loans and liens on the property, i.e. the payment is "short". You will learn when to do them, and when to run from them. What are the tax consequences? Will it affect the seller's credit? How is it processed, and how long will it take to close the sale? Can the seller get a full release from the lender who does not get fully ...
Short Sale Do's & Don'ts
Don’t Have Short Sale Moving Problems
In a real estate short sale, you have a seller with no money who needs to move out...
Don’t Represent Jerks in a Short Sale
Even more than usual, you need to be able to rely on your seller in a short sale. When...
Don’t Let the Buyer Misunderstand a Short Sale
Many Realtors have never done a short sale. If they represent buyers, they do...
Read More Posts From This CategoryShort Sale How To
Will The New Treasury Program Completely Change Short Sales?
The New Treasury Program may be the best thing ever for short sales On November 30,...
Negotiate for the Seller (Watch Video)
Negotiating skill makes a huge difference in short sales. If you have the ability...
Negotiate Short Sales Better: Find the Investor
Short Sales Need Artful Negotiating Negotiating a short sale requires an understanding...
Read More Posts From This CategoryShort Sales Stories
Buyer Benefits of Short Sales (Watch Video)
Short Sales are not for every buyer. If you have three kids, two dogs and you are living in Embassy Suites, the extended time for most short sales makes it impossible for you. However, if time is on your side, you can get a great price. If you have a great Realtor, you can take this negotiating advantage and not only get a great price, but get a great... [Read more of this review]
Short Sale Sellers and Complete Debt Relief (Watch Video)
When you buy a house with a loan, you sign two types of documents. One is a Deed of Trust, that allows the property to be used as security for the loan. Releasing the Deed of Trust allows the sale to close. The other document is the Note, which is the promise to pay back the money. Just the relase of the Deed of Trust does not eliminate the... [Read more of this review]
Obama Administration Plan to Improve Short Sales
Short Sales Will be Streamlined and Encouraged by the Treasury On May 14th, 2009, the Making Home Affordable program created by the Obama administration was expanded by the Treasury Department to provide incentives for homeowners and lenders to engage in short sales. The program also encourages deeds in lieu of foreclosure. The Treasury Department unveiled... [Read more of this review]
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