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Posts Tagged ‘short sale’

Major Lending Guideline Changes July 2009

09.10.2009 · Posted in Real Estate Articles

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. ...

Top Ten Blunders When You are Not On Top of Your Short Sale File

09.10.2009 · Posted in Real Estate Articles

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 ...

Top Ten Effective Lender Communication Strategies

09.10.2009 · Posted in Real Estate Articles

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 ...

Top Ten Strategies to Stay on Top of your Short Sale file

09.10.2009 · Posted in Real Estate Articles

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 ...