Tweet I was reading this blog over the weekend and it gave some of the reasons short sales are rejected by banks: The point is short sale involves a loss in the part of the lender. That is why before they accept any request for it, your package, the reasons and all details of your [...]
Tagged advice, hints, negotiation, offer, short sale, short sale package, short sales, tips
Tweet Found this graph today which shows the breakdown of distressed properties over time in Orange County. The total number of distressed properties was going down until October and November is showing an uptick. Interestingly though is the breakdown of short sales vs. foreclosures – you can see that short sales are becoming an increasingly [...]
Tagged california, distressed property, graph, mortgage, shortsale
Tweet The web is all about education and learning so let’s share some knowledge! Here are some great sites we have picked up on that help you do your job: Home Repair Cost Guide – useful when estimating repair costs to submit to the bank HUD-1 Official Form – the “official” form! Field Guide to [...]
Tagged advice, comparable search, crime, documents, hints, Links, packages, reference, repair, resources, short sale, short sales, tips
Tweet I came across this article in the Las Vegas Review-Journal today while doing some research on what is going on in the world of short sales and distressed properties. Obviously the article is localized to the economic situations in Las Vegas but I think there were some very interesting tidbits of information in here [...]
Tagged federal government, loss mitigation, news, process, short sale, short sales