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Multiple Offers On A Short Sale

August 12, 2011

Multiple Offers On A Short Sale Real estate agents and home owners alike seem to not to know what to do with Multiple Offers On A Short Sale. In short (no pun intended here), the offer process works almost the same as a traditional transaction. A Binding Contract occurs when two parties sign and agree [...]

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Bank Of America Short Sale Buyer Swap

August 5, 2011

Bank of America Short Sale Buyer Swap News! That’s right you can now swap buyers out without having to start over at Bank of America. This has been requested for, for some time now, but it’s finally a reality. The reason they didn’t do it before was to prevent “investors” from abusing the system. At [...]

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What is a Short Sale?

July 1, 2011

What is a Short Sale After 3+ years of short sales, one of the most common questions is what is a short sale. Afterall, if you haven’t been looking for a home or faced with selling your home, you might not be aware of what a short sale is. So What is a Short Sale? [...]

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May Short Sale Update

May 17, 2011

Wells Goes to Equator, Navy Fed Dumps on Veterans and Short Sales Smooth Out This month in Short Sales bring us some interesting news. Wells Fargo moves to Equator. For those that don’t know, Equator is a semi-automated system for banks to manage assets. Use primarily for foreclosed properties (REOs), and adapted for short sales. [...]

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Hamilton Mill Short Sales

May 6, 2011

A while back I did some research on some popular neighborhoods in the area and their short sales. Two things that came up was: 1. Most people who live in these popular neighborhoods were not aware that short sales were an option. 2. Many buyers didn’t even look in these areas, they thought that these [...]

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Short Sale Attorneys?

April 5, 2011

Short Sale Attorneys? Short sale attorneys fall into the same category as unicorns, the Easter Bunny and Santa. They simply don’t exist.  What does exist are attorneys that need to increase their bottomline by helping out short sales.  Afterall, everyone’s knees get a little weak when they hear the word attorney, right? Don’t get me [...]

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Lease Purchase

February 21, 2011

No you can’t lease purchase this short sale. It’s a common statement that we are having to make to potential renters.  (We will have a big announcement later this month, where we can say, ” YES YOU CAN LEASE PURCHASE THIS HOME”, but until then…) The answer of why should be obvious.  You have a [...]

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What is Deed In Lieu of Foreclosure

February 18, 2011

Deed in Lieu of Foreclosure is foreclosure, period.  There’s some technical differences worth covering but it’s basically a foreclosure.  At least in the state of Georgia. Essentially, a Deed in Lieu of Foreclosure is where the bank allows you to “choose” foreclosure voluntarily foregoing the legal process entirely.  In essence, you save the bank the [...]

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What Are Short Sale Lender Differences

February 16, 2011

Ever wonder why you keep getting different answers to your questions regarding short sales.  You read about low success rates, high success rates, how one bank absolutely “sucks” and then on another site they are being praised for being easy to work with.  If you dig deep enough you will even read that some “types” [...]

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What Happens If I Quit My Short Sale?

February 14, 2011

It’s a common question that happens more than I would like to admit.  Often we have to prepare our buyers for the possibility that the seller is not as motivated to sell the home via short sale as the rest of the parties in the transaction.  We have one word for this as it relates [...]

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