ARCHIVED BLOG POSTS
2011
Quite honestly, we think the level of service provided by most of the large national lenders on short sale transactions has actually improved pretty significantly over the past 12 months. The same can't be said for the regional lenders in our area who we feel are the hardest to deal with and have...
08/23/2011
2
Comments
We have several clients in various phases of the HAFA program. So far I feel as if it's a beneficial program because it all but guarantees the borrower will avoid a foreclosure. It also takes a lot of the guess work out of the short sale process and typically shortens the amount of time it takes ...
08/17/2011
1
Comments
It's about time! This has actually been the case for quite some time, but there are other factors that weigh into a bank's decision to foreclose on a property. The bottom line is that the mindset of MOST lenders is to pursue the option that best mitigates loss. Banks Now Prefer Short Sales to...
08/10/2011
Unfortunately, the percentage of borrowers these programs actually apply to is very small. However, we did close on a short sale for one of our clients last month where they received $13,000 from Chase on a $54,000 sales price. It definitely makes our job easier because the motivation for the s...
08/03/2011