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Suntrust Negotiations

February 11, 2011

Every now and then you’re reminded why short sales get a bad rap.  Actually, every day you are reminded.  I wanted to share this story that we had experienced with a Suntrust negotiator while working on a client’s short sale.  We did get it closed successfully by the way!

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Tale of 3 Markets

February 9, 2011

I posted this over at GA Homes but thought it was appropriate for our discussion on Short Sales Listings.  Often we get requests from investors about short sale listings and of course, we want interest and offers from investors.  The challenge is that Short Sales represent a great opportunity for the savvy buyer, but often [...]

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What Banks Do You Work With?

February 7, 2011

What Banks Do You Work With? In short, all of them. There are banks, like Suntrust that we prefer NOT to work with and others like Citi or EMC that we do enjoy working with.  However, in general, we won’t turn away helping a home owner due to their bank or servicer.

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Certified Short Sale Agent

October 11, 2010

You’ve watched my videos before and you’ve likely heard that I’m not fond of the short sale designations because they have very little to do with actual short sale negotiations and more to do with marketing.  Today I am copying and pasting an e-mail I received from foreclosure.com. Right now I would  like to offer [...]

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Can I Do A Short Sale After I Recieve A Foreclosure Notice?

October 8, 2010

Can I Do A Short Sale After I Recieve A Foreclosure Notice? The short answer (get it, short) is YES! Yes you can, but you have to hustle and there are certain parameters in place.

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Loss Mitigation

October 6, 2010
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Loss Mitigation The loss mitigation department is the department of the bank that negotiates the short sale among other things  Each bank is different but for the most part, the loss mitigation department is separate from the foreclosure department or even the collections department.   These departments aren’t just separate from each other, they are often [...]

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When Should You Start Working On A Short Sale

October 4, 2010

When Should You Start Working On A Short Sale? Short sales are complex and they are also very many unknowns.  Even if you have a stable footing and want to be more strategic in doing a short sale, you might want to start as soon as you know that this is the route you are [...]

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September Short Sale Update

October 1, 2010

September has just ended and there’s always changes going on in short sales.  I’ll be doing at least monthly videos on Short Sales in case you are like many folks – “technically qualified for short sale” but able to afford your home or maybe you’re on the fence about whether to move forward.   You could [...]

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Vacant means Abandoned to the Bank

August 30, 2010

We’ve mentioned this before and talk about it quite a bit, but if your home is vacant, you can call it “Abandoned.”  This video discusses how the bank does their evaluation and then shows you what happens to some people’s homes if found “vacant.”

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Who Negotiates The Short Sale?

August 27, 2010

One of the most important questions you can ask your prospective agent is who does the negotiations? Alarms should blare in a typical “Clark Howard Show-like” fashion, when someone says, they use a Third Party Negotiator.  If the short sale is not negotiated by the agent or their in-house team, then you should really worry [...]

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