What Do You Do When Home Modification Doesn’t Work?
When a home modification doesn’t work many people think that the next step is foreclosure but that is not the way to go is you can avoid it. There are more and more Realtors who are specializing in distressed properties and short sales these days than ever before. However, you need to be very careful [...]
Short Sales Can Take a Long Time to Close
So I’m talking to a Realtor last week who tells me about a client that wants to purchase a short sale property because they need something quick. They did not understand the nature of a short sale because, most of the time, they are anything but quick! In fact I have been working with several [...]
The Length of a Short Sale
Short Sales from the outside looking in would seem like a very direct way for a seller and a bank to agree together to sell a property. However, from the inside looking out, it is not that simple. Many bank owned properties are actually owned by other entities and are merely serviced by the bank. [...]
Beware the Short Sale
I know, short sales can be a great thing for the buyer who is smart and can wait out the bank and the seller to get a great deal. I get it. However, I have run into more than several people of late who have been convinced by short sale companies that in just [...]