As if short sales weren’t already taking forever to get approved there is currently a belief that lenders are holding off on approving short sales until the beginning of next year. Why would they do this? Incentives. Once they accept the short sale they have to take a loss – the difference between what the… Read more
The other day I ran into a seller that seems to be trying to conduct a short sale on their own. Good luck! After closing on this one yesterday I’m convinced that trying to conduct your own short sale would be like a surgeon trying to remove their own kidney (I think someone actually tried… Read more
I’ve written before about the deplorable photographs that some agents use on their listings but these photos of a short sale loft deserve a prize. I’ve seen people joke about realtors shooting photos with their cell phones on some of the real estate blogs but I never thought that really happened. Apparently so: This shot… Read more
Buying a short sale can allow you to get a pretty good deal on a property that is selling under somewhat distressed conditions. The seller wants out of the property, often to avoid foreclosure, and the property is selling at a price that will net the lender less than what is owed them. However, before… Read more
Suppose you read my earlier post on why you should consider a short sale. What needs to happen in order to pull it off? Here is a short overview of the process. Get The Right People Involved It definitely helps to have a realtor involved in this process because there is a lot of back… Read more
