Short Sale FAQ – Do you have to be late or behind?

December 17, 2009

The short answer is finally yes. 
You must be at least 30 days delinquent for a short sale.
In over a year with shorts sales, we noticed a trend in the last 60 days to get more agressive with borrowers who have the financial ability to pay. 
Previously, if you moved out of the home and could “barely” afford [...]

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Short Sales – Top 3 Worst Banks To Deal With Not Named Bank Of America

December 14, 2009
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As the leader in Short Sales in Georgia, we’ve  developed a list of banks that we do not like.  Of course, Bank of America would be on this list but what others?
Aurora Short Sale
Aurora short sales have this impossible to understand practice of resetting the ENTIRE process once a new buyer is presented.  For example, [...]

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Wells Fargo Short Sale

December 14, 2009
Wells Fargo Short Sale

Every month as more and more short sales come to our team, we’re still amazed with how fast Wells Fargo (or rather ASC) moves the short sale through.  In fact, it’s so amazing that we’d almost pay just to work with Wells Fargo Short Sales.
A Wells Fargo short sale will take less time to close [...]

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How Much Does A Short Sale Cost?

October 23, 2009
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Recently a seller contacted me about listing her home.  She wanted to do her due diligence, which is very smart.  She was comparing our company to another Realtor’s and there was one thing that kept bugging her.
THE OTHER AGENT WAS GOING TO CHARGE HER A FEE!
I can’t tell prospective clients in an interview process to [...]

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Bank of America Short Sale

September 21, 2009

Bank of America Short Sales are notorious for taking the longest, in many cases 6 to 9 months.  Washington Post recently wrote that:
Still, the short-sale process is notoriously slow and cumbersome. Unlike normal sales, the seller’s lender must approve the deal and is often suspicious of lowball offers, potentially dragging out the process for months. [...]

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Over 15% Homes For Sale In Hamilton Mill Are Short Sale

September 11, 2009

Are you missing out on moving up? or are you upside down in Hamilton Mill?
15 homes for sale in Hamilton Mill are currently listing for Short Sale. In addition, about half of them are listed by agents that have never closed a short sale! How scary! it must be for the homeowners.
Since June, [...]

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Short Sale Mortgage Checklist

September 11, 2009

If you’ve bought a home in the last 3 years chances are you might have little to no equity.  That is, most sellers may owe more than property is worth.  In these situation. the banks are will to accept less than the full amount… commonly called a “short sale.”
From the lender’s perspective, a short sale [...]

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Your Biggest Mistake In A Short Sale is…

August 15, 2009
Negotiator For Short Sale

… talking to the bank.
Time and time again, I hear about short sales failing or short sales coming up … well, short.  After digging deep on the conversation, we realize that at some point the homeowner talked to the bank.
Let’s all get to the same page here.
The Short Sale process is a collections process.
If you [...]

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Short Sales Are Frustrating – USA Today

August 8, 2009

This is an excellent article on why you need to hire professionals to help you with this! Luckily they don’t cost a thing! Here’s some tidbits that are important to remember:

The JarvisTeam has a 90% success rate (significantly higher than the 23% national average.
We handle the paperwork and have connections at the bank [...]

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Short Sale Process

August 1, 2009
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A lot of people are really confused about the process of a short sale.  The short sale process is hard work, long but not necessarily complicated.  Once you realize that it is all a bank compliance issue, it’s really understandable why short sales are so frustrating.  The short sale process can be broken down into [...]

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