Long Island Real Estate Appraisers

Topic Page | Short Sales

December 3, 2011

Comments Off on Sometimes a Short Sale Pays


Selling Real Estate, Short Sales

Sometimes a Short Sale Pays

short-sale-exchange

Many lenders are beginning to realize that it makes far more sense to allow a Shortsale and even to pay for one. One case of such a payment occurred to an Illinois homeowner who fell on hard times. Chase gave him a $20K for his troubles. This makes sense as a straight foreclosure will generally […]

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November 16, 2011

Comments Off on Why Not? Because a Price Tag Makes Too Much Sense


Mortgages, Short Sales

Why Not? Because a Price Tag Makes Too Much Sense

house-with-for-sale-tag

Congresswoman Susan Davis from San Diego recently introduced a bill into congress that requires trust deed holders to provide homeowners who attempting a short sale the “drop dead” price acceptable for approval. Finally, I am witness to a bill that needs no compromise discussions and should not really be subject to a debate. After all, […]

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November 15, 2011

Comments Off on Agents Learning New Skill Sets


Miscellaneous, Selling Real Estate, Short Sales

Agents Learning New Skill Sets

cash-for-keys

I have always said that the key to maintaining relevance and being viable in a market is the ability to adapt and learn new skill sets. Lately, real estate agents are becoming quite adept at assisting in the clearance of non performing mortgages. Part of those skill sets are learning all of the facets of […]

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November 3, 2011

Comments Off on Standing Still Swells Stress


Short Sales

Standing Still Swells Stress

inaction-to-action

There is a lot of talk about short sales these days. In fact short sales accounted for more than 40% of all sales made in the third quarter of 2011. The question is, when is it right for you to do a short sale? I am a huge proponent of constraints theory, which I won’t […]

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October 19, 2011

Comments Off on A Rational Approach to Foreclosure


Foreclosures, Short Sales

A Rational Approach to Foreclosure

foreclosure-sign

In order to clear inventories from their books, banks are quietly offering incentives to buyers who would be willing to relocate or simply move out of their homes to facilitate a short sale. There are sporadic reports of some people being offered as much as $20,000 to move out of their homes.  But these are […]

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