Posts Tagged ‘short sale’
Many Real Estate Agents will ask how low they should price a home for a short sale. When coming up with a price for the home, keep in mind the lender will need to approve the amount and it should be a price that is reasonable to the lender. ...
The Housing and Economic Recovery Act (HERA) passed by Congress in 2008 went into effect July 30, 2009. The act which has many provisions primarily impacts the Truth in Lending Act requirements regarding early and final disclosures to home buyers and addresses the timing of when fees can be charged. ...
Imagine a single negotiator that has anywhere from 500-1000 short sale files that they need to analyze and negotiate. It is a taxing job being on call after call and feeling the pressure to find a solution for each short sale file; it ...
When submitting a short sale file, make sure to analyze the complete file and identify any items that may provide proof that it is in the lender ...
One of the major reasons many Real Estate Agents find it difficult to negotiate with a lender is because they do not imply the 3Cs method of effective communication. Be Clear, Be Concise, Be Courteous. ...
Negotiating with the foreclosing lender is the best option to stop a foreclosure. Lenders are in the business of loan money, not owning homes. Many Real Estate Agents shy away from working on Short Sale transactions because they get frustrated with their mediocre results. ...
In a typically Real Estate transaction, financing a home is usually a cause for a deal to fall through. When your deal is also dependent on a lender short sale approval, you had better spend all the time that is required to stay on top of your short sale file or watch your deal slip ...
Every lender has a different response time and processing time frames, but the one thing they all have in common is that they are all busy and it is not always easy to get a hold of them throughout your short sale submission process. The following ten communication strategies will help you ensure you are ...
Staying on top of your short sale submission is critical to the success of your transaction. Although it may seems that you have plenty of time before a trustee sale, keep in mind the lender can take up to two months to come to a viable offer and then there will be additional days needed ...
Every day, 1000's of people are losing their home to foreclosure, but by following these directions, you can save your home without the need to spend $1,000 of dollars. ...