Tweet 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 [...]
9 Comments
Posted in Market News
Tagged bank, forecast, HAFA, HAMP, lender, short sale, short sales, video
Tagged bank, forecast, HAFA, HAMP, lender, short sale, short sales, video
Tweet 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 [...]
2 Comments
Posted in Education
Tagged agent, bank, buyer, lender, motivation, real estate agent, seller, short sale
Tagged agent, bank, buyer, lender, motivation, real estate agent, seller, short sale
Tweet 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 [...]
1 Comment
Posted in Education, Market News
Tagged foreclosure, hardship, lender, short sale, short sales, tips
Tagged foreclosure, hardship, lender, short sale, short sales, tips
Tweet 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 [...]
6 Comments
Posted in Education
Tagged appraisal, bank, banks, BPO, Broker Price Opinion, hints, lender, lenders, short sale, short sales, tips
Tagged appraisal, bank, banks, BPO, Broker Price Opinion, hints, lender, lenders, short sale, short sales, tips
Tweet 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 [...]
14 Comments
Posted in Education
Tagged advice, hardship letter, hints, lender, negotiation, short sale, short sales, tips
Tagged advice, hardship letter, hints, lender, negotiation, short sale, short sales, tips
