Someone just shared this hillarious video with me that – I know all of you who have been working short sales for a while – will agree hits the proverbial nail right on the head
For a direct link to this post and video please click here.
Countless short sale transactions fall apart at the 11th hour because of title defects that are not discovered and dealt with in a timely manner.
Here is an example of a common challenge (more common than you think) uncovered when performing a title search:
An invalid or inappropriate lien on the property due to error in legal description on a mortgage that should encumber a different parcel.
When dealing with short sales it is absolutely CRITICAL to have a title search performed early on, ideally immediately after the listing is taken, which is why the company I recommend – GSS Title http://www.gss-title.com – orders title searches immediately, and not once a contract (or worse) lender approvfal is obtained.
For a direct link to this post and video please click here. The Home Affordable Foreclosure Altneratives Program, or HAFAP is in my opinion not all its cracked up to be. A lot of hype and ‘promises’ but this new U.S. Treasure “rule” which really is more of a voluntary proposal, may just go the [...]
For a direct link to this post and video please click here. Last night we had a fabulous training webinar, with fantastic feedback from the attendees. This video is just under an hour long but well worth watching if you are a real estate agent and looking to gain an edge with respect to short [...]
To link to this post and video directly, please click here. Hi and welcome to a new year… full of exciting opportunities and potential! I consider 2010 to be the “Year of Short Sales” and my video will explain to you why I feel this way. I have spent the last 1 1/2 months [...]
Properly pricing and structuring short sale listings is both art and science. Today I am talking about a winning strategy for pricing short sales, and how to deal with offers on your short sale listings in a manner that will drastically increase your chances of getting your short sale approved. For a direct link to [...]
When working with home buyers in short sale transactions a completely different mind set is required as opposed to working with sellers. In addition, there is a big difference between working with buyers who want to buy the property as their new home and who naturally are emotionally attached to this property, and working with [...]
Today I want to talk about what is the best type of contract to use for the Seller in a short sale transaction, and you might have guessed it, … it’s not the same as for the Buyer. (Which contract is the best to use from the Buyer’s perspective will be covered in my next [...]
You may have received some of the promotional e-mails yourself in recent weeks, with promises of quick short sale riches. Investors promising quick cash offers to homeowners in trouble are now also going directly after real estate agents with promises of quick short sale riches. The scheme promoted is nothing but a new variant of [...]