Education » The Art of Short Sales

25Aug10 How To Avoid Getting Scammed by Real Estate and Short Sale Gurus

There has been a lot of talk on the Internet the past few days about so-called Short Sale Guru’s and some of the scams they may or may not perpetuate. We have strong feelings about scammers at Short Sale Artisan, and that is: Steer Clear at All Costs! Like any industry, there are always a [...]

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Tagged Education, guru, investor, real estate scams, scams, short sale, short sale scams, tips, training

10Aug10 Short Sales Study 2010 – Report on Fraud, Volume, and More!

Came across this press release by CoreLogic which puts out a short sale research study with some very interesting statistics, the first of which has to do with short sale fraud, which we have talked about here before. You can download the full PDF file, for free, by clicking this link HERE. It’s a very [...]

1 Comment Posted by Nick in Education, Market News
Tagged Education, estimates, forecast, fraud, research, short sale, short sales, study, volume

29Jul10 Yes, It’s True: Short Sales Need to be Hardships!

I always find it amusing when someone thinks they are entitled to a short sale simply because their home is underwater. We have said it over and over again; but this little Q&A blurb from MarketWatch (paraphrased below) explains it very well: WASHINGTON (MarketWatch) — Question: In your June 4 column, you mentioned that a [...]

1 Comment Posted by Nick in Education, Market News
Tagged foreclosure, hardship, lender, short sale, short sales, tips

29Jul10 The Opportunity of Short Sales to Real Estate Agents

I read an interesting article today in the Las Vegas Review-Journal that has to do with the impact of the real estate market on agents. The downward pressure on house prices coupled with reduced buying has impacted the real estate agent career path significantly. Raising two teenage daughters in Las Vegas is tough enough. Throw [...]

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Tagged advice, las vegas, market, real estate agent, realtor, short sale, tips

3May10 Freddie Mac Short Sale Fraud: Much Ado About Nothing?

Over the weekend, Freddie Mac published an informational article discussing what it has called, “Short Payoff Fraud”. This article tipped off quite a bit of anxiety among investors and agents. Many are suggesting that this new classification of “Fraud” effectively eliminates the A to B – B to C transactions which investors often use to [...]

2 Comments Posted by Nick in Education
Tagged Disclosure, fraud, freddie mac, government, regulation, short sale, short sales

11Mar10 4 Tips to Influencing Your BPO (Broker Price Opinion) on Your Short Sale

Simply put, the Broker Price Opinion, or BPO, is an valuation or estimation of a property completed by a real estate broker or other licensed individual. The BPO is a “middle of the road” appraisal; and is more thorough than the AVM (Automated Value Model), a system that calculates a value in minutes with no [...]

6 Comments Posted by Nick in Education
Tagged appraisal, bank, banks, BPO, Broker Price Opinion, hints, lender, lenders, short sale, short sales, tips

1Mar10 Real Estate Short Sale Training is Booming Nationwide

Courtesy of TheSunNews.com comes this article about Short Sale training growing at a huge clip, which is GREAT news for everyone involved in the transaction: Short-sale training widespread Realtors along the Grand Strand and throughout the country are rushing to get a new certification in short sales and foreclosures to keep up with changes in [...]

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Tagged certification, NAR, real estate agent, realtors, short sale, short sales, training

27Feb10 Short Sale Questions and Answers!

Is a Short Sale RIGHT for the Borrower? This is a question often asked by both people facing foreclosure. Why would someone sell his or her house utilizing a Short Sale method? To put it simply, to avoid a foreclosure on the homeowner’s record and to decrease the length of time a lender will require [...]

4 Comments Posted by Nick in Education
Tagged credit score, deficiency judgement, Education, FICO, hints, information. lenders, law, negotiation, news, short sale, short sales, tips

27Feb10 Glossary of Short Sale and Foreclosure Terms

Short sales aren’t brain surgery, but the terms can get confusing – lender terms, contract stipulations, can all be confusing. Here’s a quick run-down as found on a few different short sale sites that break down some of the most common language! Short Sale Terms Advertising- (or Publishing) A copy of the Notice of Trustee [...]

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Tagged foreclosure, glossery, short sale, short sales

27Feb10 A Step by Step Analysis of the Foreclosure / Short Sale Process

Ever wondered about what the steps are in a typical foreclosure process? Here’s the quick rundown! Step 1. Delinquency – Pre Notice of Default (NOD) Normally, a borrower will need to be at least three months late on their mortgage payments for the foreclosure process to kickoff. After three months plus, a lender will issue [...]