Andrew Coppo
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Bank of America Files Mysteriously Vanish in Equator

Started this discussion. Last reply by William F Griffin Jr Apr 12, 2012. 4 Replies

Anyone else have this happen? I lost five files over the weekend without any notice or explanation. Even my negotiators cannot tell me why the file "disappeared." Due to what BOA calls a "glitch" in…Continue


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Massachusetts' leading short sale negotiator. We assist buyers,sellers, real estate agents, and attorneys with getting their short sales closed. We have the expertise to get your short sale to the closing table.

Andrew Coppo's Blog

What Are The Tax Consequences Of A Massachusetts Short Sale

Posted on February 13, 2012 at 8:20am 0 Comments

As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale.  In general, the IRS will treat any canceled…


Five Buyer's Agent Tips To Ensure Short Sale Approval

Posted on November 30, 2011 at 5:52pm 0 Comments

Getting a short sale approved is no easy task. Buyers can, and do, walk away if they feel the transaction is taking too long. Mortgage insurance companies frequently demand unreasonably high contributions from the seller, thus killing the deal. Servicing rights can be transferred to a new lender mid- transaction. The foreclosure auction occurs despite the lender repeatedly…


Five Listing Agent Tips To Ensure Short Sale Approval

Posted on September 23, 2011 at 2:36pm 1 Comment


According to a recent report by California based RealtyTrac, distressed properties accounted for one third of all US housing sales in the second quarter of 2011. The glut of inventory is only going to increase as lenders slowly bounce back from the robosigning crisis and foreclosure filings begin to pick up around the country. A large portion of distressed sales are…


FTC MARS Exemption: Good Or Bad For Short Sale Agents?

Posted on July 29, 2011 at 7:18am 2 Comments

The Federal Trade Commission (FTC) recently issued a statement that it would no longer enforce several provisions of the widely scrutinized Mortgage Assistance Relief Services (MARS) Rule. The MARS Rule required all real estate agents working on…


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