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

August 6, 2010

Pin It 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. Technorati Tags: atlanta [...]

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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. Technorati Tags: atlanta [...]

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FHA Short Sale Guideline Myths PT 1 [VIDEO]

August 2, 2010

If you have a home that is insured by an FHA mortgage then we have some good news and some other news for you.   In this video we talk briefly about qualifying for a short sale as an FHA mortgagee.  There’s a certain myth we debunk in this video. Overall, FHA Short sales are “easier” [...]

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Common Short Sale Misconceptions

June 15, 2010

Common Real Estate Short Sale Misconceptions The bank owns the home – Nope! The home owner owns it until the bank takes it in foreclosure (or deed-in-lieu). All offers on the home go to the bank – Actually, by Georgia Real Estate Law, all offers need to go the seller.  If the seller decides to [...]

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Who Are The Real Short Sale Experts? Part 2

June 11, 2010

Key Questions For Determining Short Sale Expert Status Last time we talked about the other people that try to help. There are certainly well meaning individuals out there that are qualified and can help.  However, more often then not, these “other” people are looking for another angle to get paid on the short sale than [...]

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Who are the Real Short Sale Experts?

June 9, 2010

Key Questions to determine if you’re dealing with a True Short Sale Expert If you are in the unfortunate majority of home sellers who are upside down on your home and needing to move, it can be a stressful situation.  Add to this the complexity of choosing someone to help you.  You have supposed short [...]

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Loan Modification Specialists?

May 28, 2010

Loan Modification Specialists? Anyone that has been worried about their mortgage at one time or another these days has likely thought about a loan modification.  With all the “specialists” and “help” out there it’s tough to know who to trust. The definition of a loan modification as per HUD is: A Loan Modification is a [...]

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Loan Modification – Letter from the Bank, Post-op

May 8, 2010

I received this e-mail recently regarding some loan modification completions that we had recently done. “After the assignment has been completed and submitted, check back with the homeowner in one to two weeks.  More often than not, the homeowners you contact will not be able to recover financially. For whatever reason, it doesn”t matter.  We [...]

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GMAC Short Sale Exchange

May 7, 2010

The more short sales simplify the more they get complicated, instead of complaining about it here, I thought I would show you from quotes from e-mail correspondence with GMAC Loss Mitigation department: Hi, Thank you for submitting an offer.  I have a counter offer for your offer. If possible, you should reply to this note [...]

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FHA Short Sale Process – Flagstar

April 27, 2010

Roswell, GA – Atlanta’s Premiere Short Sale Specialist Team closed another short sale last week.  Located at 620 Pine Grove in Roswell GA, this home was an FHA Short Sale through Flagstar.  There were many hurdles that are common with FHA short sales, but at the end of the day those hurdles are not comparable [...]

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