San Jose CA – We got a short sale approved yesterday. This file was a fiasco from day one. Despite the incompetence we suffered, we got the file approved thru persistent follow up. The first lender handling the file was … Continue reading
San Jose CA – Experts estimate that 80% of all short sale offers never get accepted by the lender. Why is that? The biggest reason is the BPO. The BPO is the way most lenders determine the value of a … Continue reading
San Jose CA – There is a debate among agents on how to handle their short sales. Some agents think you should accept only one offer on a short sale and then push that offer thru with the lender. Another … Continue reading
San Jose CA – There is a lot more work to a short sale than a normal sale. With a normal sale you simply have to get a buyer to make an offer on a house. The seller will make … Continue reading
San Jose CA – We talked to a short sale negotiator at a larger lender the other day. We were negotiating a short sale and he told me what he needed to approve it. The owner of the loan had … Continue reading
San Jose CA – We just got a short sale approved with Wells Fargo. The seller owed over $210,000. The lender is accepting a reduced payoff of $126,000. The seller is able to walk away without owing a deficiency judgment … Continue reading
San Jose CA – Is your loan with a large lender such as Wells Fargo or Bank of America? They usually don’t make the final decision on your short sale. Here is why. In most cases, the lenders are working … Continue reading
San Jose CA – There are many benefits of a short sale. Many people don’t understand the benefits. They don’t do anything to avoid foreclosure and let their bank foreclose. A short sale is a great option to avoid foreclosure. … Continue reading
San Jose CA – Wells Fargo short sales are some of the easier short sales to complete. For whatever reason, Wells Fargo has always never had the same problems Countrywide and Bank of America. (Bank of America acquired Countrywide and … Continue reading
San Jose CA – I read in the newspaper that a short sale will destroy the seller’s credit. The article made it sound as though a short sale equaled doom for your credit. I wanted to clarify exactly how a … Continue reading
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