Bryant Tutas's Blog – June 2011 Archive (3)

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What Does Waiting On MI Approval Mean?

Hi Broker Bryant. What does MI stand for? And why am I waiting on MI approval?

MI stands for Mortgage Insurance. The Mortgage Insurance Company is a major decision maker with a Short Sale. They are the ones insuring the loss. There are usually 3 entities involved in the…

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Added by Bryant Tutas on June 25, 2011 at 3:02am — No Comments

Does Your Short Sale Designation Make You An Expert?

Hi folks. Short Sale Designations. How many are there and does having one mean anything? Well there are a whole bunch of designations!!

Having a Short Sale designation means that the agent, at a minimum, knows how to put together a short sale package to send to the lender. They have probably been through several hours of training either…

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Added by Bryant Tutas on June 8, 2011 at 7:26am — 1 Comment

Tips To Help The Short Sale Buyer Stick To The Short Sale Transaction



Hi folks. If you list and sell Short Sales, as I do, then you know there is nothing worse than going through a 4 month Short Sale Approval process only to find out the Buyer has walked from the transaction. It wastes a lot of time and it places our Sellers one step closer to being foreclosed on. So as a …
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Added by Bryant Tutas on June 4, 2011 at 1:31am — 10 Comments

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