Other than investors, there are few people who get excited about short sales. However, I want to show you why these transactions are a win for more than just buyers in today’s market. 1. Short Sales are a win for tax payers. As with any business, a negative balance that is written off harms [...]
Check out my latest Bank Of America that I had approved in 36 days! This is an ideal letter as you will see. They agreed to not pursue the deficient amount and they did not require a promissory note. The note about it being reported to the IRS is standard in all letters. Open publication [...]
There will never be a lack of bad information available regarding short sales. However, I would like to clear up a myth that I still hear quite often which states that, banks would prefer to foreclose over doing a short sale . The truth is that banks and the government do not want to see properties [...]
As short sales become more of a norm, Fannie Mae is improving it’s systems to work with more borrowers. You can get an idea of the men behind the curtain with this short video of Marcel Bryer who is the VP of Fannie Mae. Contact Me To Discuss A Short Sale!
There will always be the latest book sharing how any one can become filthy rich buying distressed properties and flipping them. While short sales and foreclosures can be a great value and a place to get a great deal, don’t be fooled in to believing that banks are blind gazillionaires looking to give homes away [...]
