In the oftentimes chaotic world of short sales, the road from initial list to closing is filled with rough terrain, speedbumps, wrong turns, u-turns, no turns, stop signs, and many detours. Nary a day I fail to hear the laments of yet another agent succumbing to the trials and toils of short sales. In fact, in my 7 years of selling everything from normal market re-sales to REO and short sales, I've dealt with many different (and often frustrating) short sale transactions. In fact, I've had…
ContinueAdded by Vanessa Calhoun on January 30, 2013 at 9:32am — 2 Comments
Bad Choices People Make When They Buy a Home
All too often, people fall in love with a home for the wrong reason. And when it comes time to sell, they find that there are not as many people in love with the home like they were. Here are some common mistakes first time homebuyers make and how you can avoid the…
Added by Michael Collins, CDPE, SFR on January 18, 2013 at 7:57am — No Comments
I just received notice that as of 1/15 BofA will no longer postpone the foreclosure process while a homeowner is working on a short sale.
This means that now, if the negotiations are not completed prior to the auction date of the property, they will sell it out from under them.
I thought that we resolved this issue with the Senate bill 306 here in ?California??
Has anyone else received this notice? Now what? Some days it feels like we are moving backward instead of…
ContinueAdded by Judi Fiolle on January 17, 2013 at 10:54am — 2 Comments
If you are a Realtor or short sale negotiator who has done a short sale with Fannie Mae as the investor during the last few months, this blog post will likely raise a question or two. For everyone else, it will definitely also raise an eyebrow or two. Government conspiracy…
ContinueAdded by Mike Linkenauger on January 17, 2013 at 7:00am — 13 Comments
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