Video testimonial from a seller/client of one of the agents in my office at John L. Scott/Kent North. I handled the short sale end of the transaction. Two liens involved and no remaining deficiency as a condition of the sale–I’ll let him tell the story.
Category Archives: Short Sale
Short Sales by Referral
If you are a real estate agent in 2010 and you intend on doing a lot of business, you’re going to be involved in a lot of short sales. For the vast majority of agents it’s just unavoidable. Right now about a third of the closed transactions throughout the MLS are short sales or bank…
Wells Fargo Short Sale Approval
Yesterday I received final approval for a short sale from Wells Fargo. The home in question is a 1950′s rambler in the Cascade area of Renton, WA. The loan was an FHA 100% cash-out refinance of $305,000 taken out in Feb. of 2008.
The Decision to Sell Short
After talking to hundred’s of homeowners in default, I have to hand to them because it seems that the toughest thing to do is make a decision to let go.
Banks Given Low Marks for Short Sale Process
Arthur Delaney at huffingtonpost.com, wrote an article titled Short Sales: How Everybody Loses From Banks’ Opposition. The article cites a survey conducted by Campbell Communications that may be of interest to you. Interesting Short Sale Facts 77% of Short Sale sales fail because of the sluggishness of banks to respond
What’s the Benefit to doing a Short Sale?
It’s not uncommon for real estate agents to dive in and handle the nitty gritty details of the short sale themselves. I know, because I chose to handle them myself when I was an agent. The only way I would bring in a negotiator to deal with the lenders was if I knew they were…
