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Where Do You Get Your Short Sale Info? (PT2)

August 25, 2010

Do you do your own research and actually review the guidelines for short sales are do you just take the word of someone who benefits?

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Where do you get your short sale info?

August 23, 2010

Where do you get your Short Sale Information? (Part one) Where do you get your information on Short Sales? How about bankruptcy?  Are you getting it from people who profit from it (Like me) or are you doing your own research?  This Short Sale Video goes in-depth talking about why you should do your own [...]

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Short Sale Gameplan

August 20, 2010

In our first post on Foreclosure VS Short Sale we talked the about the pros and cons.  However, now that it is abundantly clear to everyone why you should do a short sale we thought it was time to address the most glaring issue in a short sale situation, and that is Mindset.  Someone’s mindset [...]

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Multiple Offers on Short Sales?

August 18, 2010

Do you take multiple offers when handling short sales? No.  That’s the short answer. The long answer is more about how the banks deal with offers and how they handle them.  In some instances, one bank may be more equipped to deal with multiple offers.  Certainly, Bank of America and GMAC who now use the [...]

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What Happens After The Foreclosure?

August 13, 2010

We talk alot about short sales and how to do them and how they work but what happens if your home gets foreclosed on.  What happens before and after this process? This video goes into the ins and outs of this unfortunate circumstance.  A sheriff doesn’t always kick in the door and draw his gun, [...]

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Fannie Mae makes Foreclosure Worse

August 12, 2010

When talking with some people about Short Sales, sometimes they say, “I’ll just leave the keys on the table.”  Other times they may not know their options and just think that their only “choice” is a foreclosure.   We’ve talked about short sale vs foreclosure before and how short sales are almost always better than another [...]

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Short Sales Aren’t Quick, but They Go Fast

August 11, 2010

Short Sales are not quick as some people think.  However, they do sell fast!  This condo in Atlanta on 950 W. Peachtree Street was approved twice by Wells Fargo before it finally closed, but in both instances, the condo went under contract with less than a week on the market.  Be sure to sign up [...]

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Approved Short Sale Might Not Be True

August 8, 2010

Approved short sale might not be the most true wording in a listing.  In fact, with some exceptions (Suntrust Short Sales) the “approval letter” has the name of the buyer.  Which means at the very least you’ll have to get a new letter with a new name on it.  In addition, most banks will send [...]

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FHA Short Sale Guidelines PT 3 – Closing Costs [VIDEO]

August 6, 2010

FHA Short Sales can be a blessing to the home owner the short sale buyer and everyone involved since there are clear guidelines to follow.  Unfortunately, not all the guidelines are followed to the “T.”  In particular, this guideline might take away what was so good in the last video.

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FHA Short Sale Guidelines Pt 2 – Incentives

August 4, 2010

FHA Guidelines have some quirks to them if you own a home with a FHA mortgage that you should know.  In this video we discuss the really cool incentive that is offered to home owners, but at the same time try to “temper” that excitement with some understanding of how it works.

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