Analysis on the Short Sale “Wrinkle†(2nd Lenders, PMI, and Strategic Defaults)
Thursday, April 08
An interesting article this morning from the Inman News discussing short sales and the reasons why approval can be difficult to achieve. Are you wondering why it takes so long to get short sales approved? The real reasons may be very different from what you might believe. It would seem wh...
The HAFA Program is a Bunch of Crap
Tuesday, March 23
The other day I was on Twitter and just generally asking people what they though of the impending HAFA (Home Affordable Foreclosure Alternatives) program, which is coming down the pike from the Obama administration on April 5th, less than two weeks from today. A lady named Sarah Stelmok, who also...
4 Tips to Influencing the BPO (Broker Price Opinion) on Your Short Sale
Thursday, March 11
Simply put, the Broker Price Opinion, or BPO, is an valuation or estimation of a property completed by a real estate broker or other licensed individual. The BPO is a “middle of the road” appraisal; and is more thorough than the AVM (Automated Value Model), a system that calculates a value in min...
Commentary on the HUD's Report on the Foreclosure Crisis to Congress
Wednesday, March 10
Interested in reading the HUD's nitty-gritty analysis of the foreclosure crisis? It's definitely a detailed read, but very informative. In a nutshell (from the Executive Summary of the report); the analysis and report covers: This study of the root causes of the current extremely high levels of d...
Real Estate Short Sale Training is Booming
Monday, March 01
Courtesy of TheSunNews.com comes this article about Short Sale training growing at a huge clip, which is GREAT news for everyone involved in the transaction: Short-sale training widespread Realtors along the Grand Strand and throughout the country are rushing to get a new certification in shor...
LA Times Discusses Short Sales as Favorable Alternative to Foreclosure
Friday, February 19
I was reading this article today in the LA Times about lenders becoming increasingly accepting of the short sale process. It mirrors what we have been saying here in this blog since November - that short sales are increasingly becoming accepted and it's being pushed by politicians and the bank's ...