Often I’m asked how soon after I short sale can I purchase a home?
Archive for the ‘Credit Tips’ Category
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Seller Beware, 12 Common Short Sale Mistakes: #12 Over Worrying
February 15th, 2010 
Jen Klein OVER Worrying a.k.a “bugaboo!” – Now I say this lastly and lightly: Becoming a “worry wart” will only hinder the forward progress. I wouldn’t say you shouldn’t worry about your home; that would be absurd. However, whomever you choose to be your realtor must have time to negotiate and do other components of our jobs. Please, be respectful of time.
Seller Beware, 12 Common Short Sale Mistakes: #11 Idly Awaiting Submission
February 12th, 2010 Jen Klein Some negotiators will wait until they receive an offer to submit documents to the bank. There are several things that can be submitted to the bank upon listing to get you in the “mill.” The sooner you start the process, the better the process will go.
Seller Beware, 12 Common Short Sale Mistakes: #10 Spending All the Money
February 10th, 2010 Jen Klein Most people faced with a short sale aren’t able to stay current on outstanding debt. Some people really do have it THAT bad! Let’s be honest, if you are not going to pay the mortgage, avoid the temptation to spend the extra money on discretionary items. Save some of the money!
Seller Beware, 12 Common Short Sale Mistakes: #8 Inexperienced Realtor
February 6th, 2010 Jen Klein One of the biggest decisions you make is the decision to purchase a home. Knowing that you are going to lose your home is devastating, second only to the decision to short sale. Facing off with an unfamiliar process in which it seems everyone is out to get you can be overwhelming. Having a Realtor who you can confide in and trust is extremely important.
Seller Beware, 12 Common Short Sale Mistakes: #6 Choosing the Wrong Buyer
January 31st, 2010 Jen Klein 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.
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: #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.
12 Indicators You May Need A Short Sale…
October 28th, 2009 Jen Klein Behind in payments, creditors constantly calling view the 12 common signs that a you may need a short sale.
