Sometimes the numbers don’t even matter. Often times when a short sale is marketed properly there are an influx of good offers. While numbers are important, let’s be honest, financing can only go so high.
Archive for January, 2010
Seller Beware, 12 Common Short Sale Mistakes: #6 Choosing the Wrong Buyer
January 31st, 2010 
Jen Klein 
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Understanding the Language of Real Estate
January 27th, 2010 Jen Klein To the unfamiliar, it can often confuse and bewilder.
Fannie Mae and Freddie Mac. ARMS and APR. Clear title and Clouded title. Though these terms have special meaning to real estate professionals, they may often be meaningless to the consumer.
To help you better understand the language of real estate, the California Land Title Association has defined some of today’s most common real estate, lending and title terms.
Seller Beware, 12 Common Short Sale Mistakes: #5 Incorrect or Incomplete Information to the Seller
January 26th, 2010 Jen Klein Often a seller is not fully briefed on the expectations and process of a Sacramento Short Sale. There are items within the sale of the home that must be maintained throughout the selling process.
Seller Beware, 12 Common Short Sale Mistakes: #4-Unclear Approach
January 25th, 2010 Jen Klein When managing the file your agent must have a game plan for approaching the bank. Every situation is different and must be conveyed clearly and concisely. This is often conveyed in the sellers hardship letter. For example if you have suffered a financial loss or pay decrease, you may not approach it the same as [...]
Seller Beware, 12 Common Short Sale Mistakes: #3-Bad Management of Process
January 22nd, 2010 Jen Klein Your agent must gather, send and manage the ENTIRE process, from the inception of the listing to the close and recording.
Seller Beware, 12 Common Short Sale Mistakes: #2-Negotiating Poorly
January 20th, 2010 Jen Klein The short sale process is an art; it requires full awareness and knowledge of the file’s characteristics, (i.e. details of hardship, income and current financial standings) Regular and open communication with the bank is imperative to complete the sale.
Seller Beware, 12 Common Short Sale Mistakes: #1-Incorrect Pricing
January 18th, 2010 Jen Klein #1 of 12 Seller Beware! Short Sale Mistakes-Incorrect Pricing
Homeowner’s Insurance and how it can effect your Short Sale.
January 13th, 2010 Jen Klein How does your Homeowner’s Insurance effect your Short Sale?
7 Things to Consider When purchasing a Short Sale… that your agent must know…
January 12th, 2010 Jen Klein Buying a short sale can be tricky too, be sure your agent knows the answers to these questions for a successful close.
Bank of America’s New Equator (REO Trans) experience…
January 11th, 2010 Jen Klein Last week Bank of America announced the new online Short Sale management system, Equator. Which to people might mean speedier more up to date management of data. The system was originally used as REO Trans to manage REO (bank owned) properties and now has been adapted to accommodate Short Sales. While it’s too early in [...]
