9 Short Sale Pitfalls to Avoid
Monday, May 28
Many short sale guidelines have recently changed. In order to achieve short sale success within a reasonable timeframe, you need to be aware of these changes and understand what you can do as a short sale listing agent or investor to avoid the ten common pitfalls that cause delays, rejection...
Social Media Marketing and Tools for Investors and Realtors
Thursday, May 10
I recently went to an event in Denver where realtors learned how to do social media marketing. I was actually very impressed with the event. It was Agent Re-Boot. I am going to share with you what I learned at the event. Twitter-You should definitely have a twitter account for your busines...
Where did all the deals go?
Thursday, May 10
I have been getting investors swarming me lately telling me they can’t find any deals anymore. There are no deals on the MLS and when there is they are getting bid up. I’ve heard from MLS investors that they made an offer on a house and there were 25 other offers on the property and the prope...
New Fannie and Freddie Shorter Short Sale Timelines
Monday, May 07
We previously told you about new guidelines that were issued by the Attorneys General for the top five loan servicers. These guidelines were issued specifically for non-Fannie Mae and non-Freddie Mac owned loans. While there was an obvious need to keep things consistent, Fannie Mae and Fre...
Bank of America’s New Value Dispute on Short Sales
Monday, May 07
Bank of America seems to be the leader in announcing their short sale changes. After announcing their commitment to streamline and shorten the short sale process, they announced their new policies for disputing values on BPOs (Broker Price Opinions) and appraisals. If you have been involved i...
No More Short Sale FSBO’s-Banks are getting strickter
Monday, May 07
If you are an investor, you probably remember the days of double-closings and quick flips. If you are a listing agent that specializes in short sale listings, you are familiar with the long and tedious process from listing to closing. Over the last several years, the housing market has seen...