The last time I checked, the short sale was on the gurney headed for the emergency room. I looked through the windows and saw the priest administering last rites so I am not sure if it’s going to survive. I can tell you though, it doesn’t look good.
Short Sale Tip # 4: Property Improvement & Repair Estimate Report When things go bad…they usually go real bad. If a homeowner has not paid his mortgage in many months, it is likely that the house has been neglected. If funds were not on hand to pay the mortgage, then it is probably safe to [...]
Short Sale Tip #13 : 5 Questions To Ask The Seller…Before Taking The Listing For a Property in Foreclosure In a down market, when the phone rings, agents and investors often can’t wait to get that next listing or contract. They rush out before really thinking about their plan of action and what makes the [...]
Short Sale Tip # 7: Confronting The 1099 Issue In Short Sales Can you imagine losing your home AND being hit with a huge IRS bill? Well if the short sale is not performed correctly and the short sale proposal request is not properly formatted, you may end up sticking the homeowner with a huge and [...]
Short Sale Tip #12 Overcoming Objections with the Homeowner Part 1 We are getting many questions from our attendees as to how to overcome objections with the homeowner, but we are surprisingly getting MORE questions as to how to overcome objections from the inexperienced or uneducated agent representing the homeowner…isn’t that a twist?
Short Sale Tip # 9: The Role Of Mold In Obtaining A Big Short Sale Discount Ever see a really good horror movie? Want to see one? Check out the bill or quote you will receive for black mold remediation.
I originally wrote this article over two years ago. It was originally published on March 25, 2008. This article has been published in a number of newspapers and business journals and has been re-blogged with and without authoization on thousands of real estate related websites. Back when I wrote this article we were traveling the Country [...]
Note: This article was written over two years ago on February 2, 2008, but given the recent turn of events we thought it appropriate to kick it back to the top! So for over two years…we’ve been warning agents…unbelievably they did not listen. Time and time again, I keep reading the above-referenced headline in email [...]
The Short Sale Option Contract, ok here’s a tool that can really make you some serious jack. The problem is that if you are dealing with one of the 90%+ of Realtors who don’t have a clue, you’re probably going to have a hard time. They won’t understand it and immediately will rely on the [...]
Barry and I often ask each other what is up with so many agents and their continuing problems with short sales. It seems every day we hear from someone who has run into a wall with some inexperienced realtor posturing as a short sale expert instead of actually becoming a short sale expert. Then today [...]
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