Browsing the archives for the bank tag
Came across this article from CNBC last week discussing the impact HAFA has had (read: not what was expected!) The treasure department says the following “While HAFA has been widely credited with streamlining the short sale process by setting clear timelines, documentation requirements and procedures, feedback from various stakeholders including servicers, housing counselors, realtors and others [...]
We have spent a lot of time talking with our users over the past year about what works (and perhaps more importantly, what doesn’t work!) when managing your short sale pipeline. One of the key differences between successful investors and agents and ones that struggle (and a key factor in improving your successful closing rates) [...]
Came across this article in the Herald-Tribune on short sales yesterday afternoon discussing short sales in Florida as being preferred to bank seizures. If you have been an active reader of The Art of Short Sales, there is nothing really groundbreaking in that statement! Regardless, it continue to shows how short sales play an important [...]
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 [...]
