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FAQ

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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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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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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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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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. Technorati Tags: banks, [...]

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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. Technorati Tags: short sale

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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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