short sale » The Art of Short Sales

7Sep10 Don’t Believe Everything You Read About Short Sale Flopping

A new article from the LA Times appeared on September 5th coining a new type of scam called, “Flopping”. In a nutshell, the article claims that agents, lawyers, and loan brokers all conspire together to devalue a house more than it really is to get a better deal on a property than it is truly [...]

3 Comments Posted by Nick in Market News
Tagged agent, BPO, investing, lawyer, scam, short sale, short sales, valuation

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 [...]

1 Comment Posted by Nick in Education, Market News
Tagged Education, guru, investor, real estate scams, scams, short sale, short sale scams, tips, training

24Aug10 NAR Graphs Show Housing Market Woes Far from Over

Came across these very interesting graphs from the excellent Calculated Risk Blog today: This first graph shows Existing Home Sales from 1994 and forecasted out to Jan 2011. It’s interesting how this corresponds with our other blog post from this morning discussing the woes of the housing market. The artificial boost the homeowner tax credit [...]

No Comments Posted by Nick in Market News
Tagged analysis, housing market, NAR, news, short sale, short sales

24Aug10 National Association of Realtors – Home Sales Much Worse Than Expected, Down 27% – Worst Drop Since 1968

Very interesting video and article by the Associated Press today along with commentary from the LA Times: Some startling information from the AP this morning indicating that sales of previously owned homes are down over 27% in July. The credit for this has partially to do with the expiration of the federal tax credit for [...]

No Comments Posted by Nick in Market News
Tagged market, NAR, news, realtors, short sale, short sales, trends

23Aug10 California Article Claims Short Sales are to Blame For Housing Market… Huh?

More market news about short sales Courtesy of The Signal, in California. The title of this article is, “Short Sales Hamper Market”, and it’s an interesting article because it somehow backwardly blames the housing problems on Short Sales, even though we have shown over and over again that short sales are actually a mitigating factor, [...]

No Comments Posted by Nick in Market News
Tagged california, foreclosure, news, realtor, short sale, short sales

10Aug10 Morgan Stanley chart on Short Sale / REO Mix

Short post – a quick chart that shows year-over-year changes for different markets. The crux of the chart is that short sales are increasing as a % of transactions ongoing, further proof we are in the “Year of the Short Sale” Information courtesy DataQuick

No Comments Posted by Nick in Market News
Tagged reo, short sale, short sales, trends

10Aug10 Fannie Mae and Freddie Mac REO Inventory Growing, Signals Problems

More housing news about Freddie and Fannie this time. The interesting thing about this is that they obviously are not pushing short sales as hard as they should be, maybe some of those short sale initiatives aren’t working as planned? The article comes courtesy of Michael Kraus, who makes a few interesting observations: (a more [...]

2 Comments Posted by Nick in Market News
Tagged analysis, fannie mae, freddie mac, news, short sale, short sales

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 HAMP and HAFA Analysis by Housing Wire – WRONG!

Housing Wire author Cary Steinberg recently wrote an interesting piece on about HAFA and HAMP. The premise of the article is that HAFA (the Home Affordable Foreclosure Alternative) will likely be successful because it is an exit strategy for homeowners, allowing them to sell their house for less than they owe – as opposed to [...]