How To Short Sale a Home to Avoid Foreclosure

Short Sale Do's & Don'ts

Don’t Stop the Short Sale Assistance Desk From Solving Problems Don’t Stop the Short Sale Assistance Desk From Solving Problems

The Short Sale Assistance Desk can resolve problems on Fannie Mae Short Sales quickly. Fannie... 

Bad BPO Creates a Bad Short Sale Decision Bad BPO Creates a Bad Short Sale Decision

 A rotten BPO will cause a rotten decision on your Short Sale The lender is not... 

Must Have Links to Short Sale Resources Must Have Links to Short Sale Resources

Your Links to Information Sources for Short Sales I gave a webinar for my fellow... 

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Short Sale How To

Short Sale Process Improved by Bank of America Short Sale Process Improved by Bank of America

Bank of America unveils improvements to their Short Sale procedure. Today,  Bank... 

Short Sales Go from No Contact to A Single Point of Contact Short Sales Go from No Contact to A Single Point of Contact

A Single Point of Contact is required for a HAFA Short Sale.  Remember the bad old... 

MARS, God of War Declares a Truce on Short Sales MARS, God of War Declares a Truce on Short Sales

MARS declared war on Short Sale Realtors, then called a truce. The Mortgage Assistance... 

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Short Sales Stories

Short Sales are Improving with the Regulators and Major Lenders Short Sales are Improving with the Regulators and Major Lenders

The big lenders and the regulators are improving the short sale process. In 2011,  there were 340,000 short sales with 88,000 of them in the fourth quarter according to Realty Trac.  This is a substantial increase, even though it is still less than 30% of the total number of sales.  Corelogic predicts that short sales will increase 25% in 2012.  ... [Read more of this review]

Mortgage Insurance: From Good to Bad and Ugly Mortgage Insurance: From Good to Bad and Ugly

Mortgage Insurance May Ruin Your Short Sale. In the first edition of Create A Short Sale, Your Guide Through the Short Sale Maze, I devoted a chapter to singing the praises of mortgage insurance companies.  The mortgage insurance company had helped me get a short sale approved by explaining to the servicer that the short sale created a smaller loss... [Read more of this review]

Does the Seller Need to Be Delinquent? Does the Seller Need to Be Delinquent?

 Does the Seller Need to Be Behind on Mortgage Payments? Years ago, I gave a presentation on Short Sales to the CyberStars, a great group of high tech Realtors.  One of the members of the audience said, “Of course, to start a short sale, the seller has to be behind on their payments.”  This is a common thought.  In general, that is not correct. ... [Read more of this review]

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