tips » 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 [...]

No Comments Posted by Nick in Education, Market News
Tagged Education, guru, investor, real estate scams, scams, short sale, short sale scams, tips, training

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 [...]

No Comments Posted by Nick in Education, Market News
Tagged advice, las vegas, market, real estate agent, realtor, short sale, tips

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

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

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

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 [...]

5 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 [...]

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

28Nov09 A collection of great links and resources for Short Sale agents, investors, and professionals!

The web is all about education and learning so let’s share some knowledge! Here are some great sites we have picked up on that help you do your job: Home Repair Cost Guide – useful when estimating repair costs to submit to the bank HUD-1 Official Form – the “official” form! Field Guide to Short [...]