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April 6, 2010 By 2 Comments

Who Is The Seller When It’s A Short Sale?

Short sale offers are many times delivered along with a good portion of misunderstanding.  There seems to be quite a bit of confusion regarding who is actually the seller.  Confusion exists even among some Realtors. I've listed a fair number of short sales. Every time I have had at least one offer presented where the real estate agent demands that the bank be notified at once of their … [Read more...]

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March 27, 2010 By 2 Comments

Short Sales Take A Long Time

By now everyone probably knows what a short sale is. I wonder who decided on the name short sale?  It definitely wasn't the Realtor, or the buyer.  Or the seller for that matter.  I know the name comes from the fact that the sale is "short" of the amount owed on the current mortgage.  But by the time everyone is engaged in the process, we are all thinking we should call these things long … [Read more...]

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August 2, 2009 By 2 Comments

Short Sale at 3800 Hamlin Court in North Raleigh

This is the deal of the century! The owners paid $305,000 about eighteen months ago and this lovely home is now listed for $240,000! This home is a short sale so the bank will need to agree to take less that what is owed.  You could benefit from the bank's need to get this home sold before foreclosure.  Call for more details. In addition to being a great deal, this home is in good … [Read more...]

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May 11, 2009 By Leave a Comment

Why Buy A Short Sale

A short sale is where a home is sold for less that the loan amount and the bank takes the short amount as payment in full.  Short sales are a tactic that a seller can use to avoid foreclosure.  A short sale can also be a great deal for home buyers, as long as they know what to expect. You can get a bargain Time is usually short (pun intended) for sellers in a short sale situation.  With … [Read more...]

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May 1, 2009 By 2 Comments

What Is A Short Sale

Simply put, a short sale is a real estate transaction where the loan balance is higher than the sell price and the bank agrees to take the "short" amount as payment in full.  The short sale can a be like a breath of fresh air for someone facing foreclosure.  A short sale can be an extremely effective strategy to help homeowners who are headed to foreclosure. If done properly, the result is … [Read more...]

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