Margaret C. Taylor's Blog – May 2010 Archive (2)
Listing an Under Water Home with No Hardship
How do you list an under water home with no hardship. If the Seller is willing to bring the "difference" to the table does the Buyer have to be informed? Does this have to be "announced" in the MLS? I think there will be more of these transactions and I want to address them appropriately. Has anyone heard of the lender reducing the debt when there is no hardship?
Added by Margaret C. Taylor on May 18, 2010 at 8:21am — 11 Comments
CHANGES IN CHASE'S SHORT SALE PROCEDURE
CHANGES IN CHASE'S SHORT SALE PROCEDURE
I just learned that Chase has a new division, List Assist, dedicated to streamining the short sale process and answering questions from customers and realtors!!
Here are two changes, similar to the FHA short sale program:
- In this process BPO's will be ordered up front and guidance provided on the sale price!
- DO NOT WAIT FOR THE BUYER. Submit a…
Added by Margaret C. Taylor on May 1, 2010 at 8:00am — 4 Comments
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