Satar Naghshineh's (satarnag) Blog

This author blogs about a very common theme for short sales. However, I believe the author's approach to the solution is off. Regardless or not if you are local or a great negotiator, the seller still has an issue that needs to be resolved. As a buyer, you can't just hope the sellers will move ou...

I really love the subject line on this blog. However, in real estate contracts, options should not be used in normal residential purchases. The main reason is if the buyer chooses not to purchase the property, they lost any option money they gave the seller. Instead, create a contingency. For exa...

Just a short blog to make the public aware that fake Bank of America short sale approval letters are floating around in Southern California. How can you tell that they are fake?: 1. There is no contact information for a Bank of America employee. 2. If a contact person does exists, the contact inf...

What started as a comment, needed a re-blog because of the amount of information to give pertaining to this subject: I believe the best way to get your buyer's offer accepted is to understand the seller and have the buyers approach the sellers directly to see what are they looking for in a short ...

This blog is a great example of knowing what you are dealing with when you initiate a short sale with Bank of America. Bank of America has three pro-active short sale programs: 1. HAFA Short sale - HAFA guidelines must be met in order for the borrower to qualify. 2. BofA own Co-op short sale - Fo...

A couple of points I want to make regarding this blog: 1. One of the steps in taking a short sale listing is to understand the intentions and issues of the seller. If the end goal is for the seller to stay in their home as long as possible and not go through the short sale, then that would make n...

How many times do we come across this on the MLS or on an online description of a short sale listing. Words like "Best priced 3 Bedroom in town!", "Priced to Sell" or "Best Value for a detached Home"??? I AM SO SORRY LISTING AGENT. If you do not already have a pre-approval from the bank stating t...

I would like to start an open discussion about what offer you would submit to the bank as a listing agent of a short sale and why, given the following scenario:   You have a short sale listing. The high end of the comps is 210k (upgraded retail listings), with a FMV of 195k and a low comps of 180...

Awesome advice on conducting a short sale! Highest and Best is not the best approach on a short sale. You also have to realize it is buyer and seller versus the foreclosing lender. Both parties must commit to the transaction and work together to make it happen.   Short Sale Road Rules: Getting Bu...

I have officially reached the 100,000 point milestone! I consider myself an expert when it comes to short sales. I learned from two great short sale investors. However, I decided to get licensed because it was easier to find buyers AND I did not want to take advantage of a homeowner. In fact, I w...