Real Estate News & Commentary

Short Sale Info for Your Christmas Stocking

Expertise:
79 Articles Written
favorite short sale articles for the year

With over a year’s worth of contributions here on BiggerPockets, I’ve written a few pretty conversation-worthy articles and some that did not seem to hit home for readers.

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Here were the reader’s top five faves. If you are thinking about distressed properties and short sales this holiday, maybe you can add these to you bag of tricks. And, if you read something conversation-worthy, don’t’ forget to leave me a comment.

Will Equity Investors Save the Economy? In this article, the heroics of equity investors are touted. But, can the nation embrace them?

How to Actually Close a Short Sale  This is something that I actually know a lot about. This year alone, my staff and I have received over 500 short sale approval letters.

What the Short Sale and the 99 Cents Only Store Have in Common This article discusses the appropriate approach to the purchase of a distressed property.

Are Short Sales a Deal or a Steal? The title says it all. If you have ever participated in one of these transactions, you may have some strong feelings about this one.

Top 5 Short Sale Questions  A boatload of questions are answered in this short article. Plus, there is even a photo of a boat!

Happy Holidays and thanks for all of your support and comments throughout 2011!

Photo: flickr creative commons by Squirrel Cottage

    Jerry O'Rourk
    Replied over 8 years ago
    Short sales can be a very scary solution to home owners that are in a financial bind to begin with. A short sale becomes relevant only when the homeowner can no longer afford to pay their mortgage payments and thus are in a bind with the bank. While the short sale is a better solution for homeowners compared to the foreclosure of their property, all too often the homeowner is in such a critical financial situation, they don’t know how to get the right kind of information about what to do and how to do it. Banks as well have all too often preferred to foreclose rather than to write down the loan amount so a short sale can occur. Moreover, buyers are wary of a short sale because of the length of time it can take before receiving approval. The real estate industry needs to do a better job collectively to educate homeowners on the required steps to complete a short sale as well as making it easier on all parties to execute these transactions.
    Gabe Sanders
    Replied over 8 years ago
    Hi Melissa, yes, you’ve written some excellent short sale articles that the consumer and many agents should read. Have a wonderful Christmas and a healthy and prosperous New Year.