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Navigating the Short Sale Mine Field

How does Alise manage to complete so many short sales, when the national average for short sales that actually close is hovering around 60%? She takes it seriously. Alise doesn’t look as short sales as a way to get “leads” for buyers looking for a bargain- all the while hoping to direct their attention to an [...]

Why Would ANYONE Sell Their House Right Now?

I have heard this sentiment expressed over and over again the last few months. From the outside, it may seem a reasonable question. After all, a lot of the traditional “hold ‘em or fold ‘em” rules say “Hold”. Prices are (hopefully) settling at the bottom of the pre-boom 2003 pricing. Inventory is high, really high. [...]

Kailee Vs. Green

Gardening does not come naturally to me. I can say this definitively, because I have several family members who do not own worn copies of Potted Plants for Dummies. Somehow, their begonias continue to blossom, while mine curl into grayish blobs. Their philodendrons remain firm and green, while mine shed leaves as if every day [...]

The Pursuit of Mediocrity

The clean dishes are stacked up, high. Not in an orderly, space maximizing fashion. Like some twisted game of Jenga, they are precariously stacked with odd shaped jutting out from every side. I can’t ascertain where to start. I do know that if I choose the wrong piece, the entire stack will clatter into the [...]

Short Sale Updates

A ton of rumors and half truths have been flying around this month regarding changes the banks are required to make in the handling of short sales. I have gotten several calls from potential sellers who believe that the process is now simplified. While that CAN be true, there are a number of factors that determine [...]

The Sound of Muzak

Last week, as I began my weekly calls to the short sale departments of a couple dozen banks, I believed I was fully armed. A stack of files with any and every possible document the negotiator might request. The same documents open in electronic form on the computer. The laptop was open and ready to make notes in [...]

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Great news on Short Sales!

The new Home Affordable Foreclosure Alternatives Program has some really helpful new guidelines for the short sale process. As a short sale specialist who has had to navigate the shadowy, poorly regulated short sale halls for the last few year, I think most of these guidelines will really speed up the process if implemented.

New proposed changes to help distressed homeowners

All over the country, foreclosures are up for the 9th straight quarter. A report last week by the Mortgage Bankers Association listed that 14 percent of homeowners with mortgages are either behind in their payments or headed for foreclosure. In response, it has been announced that there some changes to its “Home Affordable Modification Program,” originally launced in [...]

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