Education » The Art of Short Sales

15Jan10 7 Top Ways to Blow a Short Sale

by Guest Contributor Ted Akers of InvestorFundingSite I cannot take credit for this one, but thought it worth a Post for those of you pursuing Short Sales. Pre-list on eBay. While eBay has become a household name and is frequently used to drum up interest in short sales, it is also a time consuming headache [...]

No Comments Posted by Nick in Education
Tagged hints, short sale, short sales, tips

28Dec09 Short Sale Backlash against Bank of America

I found this very interesting blog post the other day which included a transcript of an email that is floating around on the web – essentially a petition for Bank of America to improve its processes and make the short sales process better for all involved. Here is a direct cut from the email: It’s [...]

2 Comments Posted by Nick in Education, Market News
Tagged bank of america, BofA, news, short sale, short sales

14Dec09 4 Ways to Improve Your Short Sale Package

From the Tip Bucket, here at Short Sale Artisan Tip #1: Research the Lender! Each lender is different, so make sure you know what the lender needs in a short sale package. Many lenders have specific procedures that need to be followed and documents that need to be completed for your package to be considered [...]

1 Comment Posted by Nick in Education, Links
Tagged advice, hints, short sale, short sale package, short sale packages, short sales, tips

8Dec09 How to Write a Hardship Letter that Gets the Bank to Say “Yes!”

A well-crafted and ironclad hardship letter is probably one of the biggest components to getting a short sale approval from the bank. Without clear description of the dire straights the borrower finds themselves in, no lender will willingly short the loan. So how do you go about writing a letter that will get the banks [...]

14 Comments Posted by Nick in Education
Tagged advice, hardship letter, hints, lender, negotiation, short sale, short sales, tips

30Nov09 Why do banks reject short sale offers?

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 short [...]