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Posts Tagged ‘Short sales’

Yes, real estate brokers fire listings. It is a rare occurrence for me, but if a client is particularly uncooperative, self destructive, or a liability to the company’s well-being, the listing has to be cancelled and the client given the opportunity to seek their fortunes with another broker.
Today, after months of acrimony and headaches, I [...]

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I sold my first short sale in the 90’s. I have over 10 in my pipeline. I am known in my marketplace for the specialty. Buyers are justifiably interested in the savings a short sale can offer. However, few buyers are prepared for the process, often because it is new terrain for their agent as [...]

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I have started a blog on short sales, focusing past success stories from the files we have closed. The link will be added to the sidebar.
http://newyorkshortsaleblog.wordpress.com
I have also created a website for my company devoted completely to our expertise in short sales and heping our clients avoid foreclosure. That link will also be added to [...]

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Lenders are promising a “quick response” to distressed borrowers’ applications for assistance: 45 days. 45 days is fast?  45 days is glacial. What is slow?
45 days is long enough to get 2 additional 30-day late payments on your credit report. It takes two days to underwrite a loan; a hardship package is virtually the same material, so what [...]

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Short Sales

Given the state of the economy and the number of people who are either delinquent, owe more than their home is worth, or both, the short sale is becoming a very common and misunderstood term.  I did my first short sale in 1997 (I learned from the best), so I am going to offer my [...]

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David Schepp wrote a very good article on how the slower market is impacting people who owe more than their home is worth, yet have to sell. It appeared on the front page of the Sunday, April 27 Journal News. A client of mine was featured prominently and I am quoted as well. The full article can [...]

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