Tag Archives: negotiate a short sale

Realtor Tip 2: Considerations Before Starting a Short Sale

Posted on February 23, 2012 by John Anderson

Continuing our new short sale series for realtors, we look at the different life events and financial circumstances that could affect the success of a short sale If a client has contacted you to negotiate a short sale with their lender, you should make sure you have a complete picture of the client’s situation Continue reading →

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Short Sale vs. Foreclosure: Do the Right Thing

Posted on January 29, 2012 by John Anderson

The majority of lenders would prefer to avoid foreclosing on a home and instead negotiate a short sale A short sale is beneficial to the homeowner as well as the bank; yet, in our experience about 80 percent of homeowners in arrears on their mortgage end up taking the foreclosure route, with detrimental results. More importantly, negotiating a short sale is the right thing to do Continue reading →

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Recognizing Short Sale Fraud

Posted on January 26, 2012 by John Anderson

As the number of foreclosures has increased nationwide, so has the amount of fraud activity related to short sales In a legitimate short sale scenario, there is no reason for you to leave your house The third type of short sale fraud involves agents who charge an upfront fee for a short sale Continue reading →

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Is Your Agent Qualified to Do a Short Sale?

Posted on January 24, 2012 by John Anderson

Does the agent specialize full-time in short sales Some agents will take a class or two in short sales and market themselves as a short sale realtor Can your agent prove their track record with short sales Continue reading →

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What is the Foreclosure Process in Texas?

Posted on January 10, 2012 by John Anderson

If you are behind on your mortgage payments, you may be wondering how long you have until the bank files a notice of foreclosure on your home In many mortgage agreements, as soon as you miss one payment, the lender has the right to initiate the foreclosure process Continue reading →

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Can You Do a Short Sale if the House is in Bad Condition?

Posted on January 2, 2012 by John Anderson

If you are behind on your mortgage payments and your house needs significant repairs, you may be concerned that the bank will not agree to a short sale and will instead move forward with a foreclosure No matter what your house looks like, an experienced short sale realtor will find a qualified buyer and negotiate a short sale with the bank at a fair value Continue reading →

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Why Would a Bank Negotiate a Short Sale?

Posted on January 1, 2012 by John Anderson

For homeowners who can no longer afford their mortgage payments, arranging a short sale is far preferable to losing their home in a foreclosure A short sale can help protect your credit history and give you the time and resources to make other living arrangements, providing a smoother transition to your next residence Continue reading →

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