Category: Short Sales
Why a Wave of Foreclosures Is Not on the Way
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million […] Read More
Understand Your Options To Avoid Foreclosure
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If […] Read More
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 […] Read More
What are the qualifications for a short sale?
What are the qualifications for a short sale? Brandon Brittingham of Long and Foster in Salisbury Maryland goes into detail about what the qualificaitons for a short sale are, how you can qualify for a short sale, and gives a brief description of the short sale process Read More
15 Tips on how to write a short sale contract the correct way!
15 Tips on how to write a short sale contract the correct way! Brandon Brittingham Teaching a Short Sale seminar Short sales can be very difficult and time consuming. If you have ever had to deal with one you can certainly attest to that. The reality of it is though you can cut down the... Read More
New Short Sale programs offer up to $30,000 in relocation money!!!
No, that is not a typo! Banks are now, more than ever offering more incentive for homeowners to participate in a Short Sale. Recently, I have seen Seller’s get up to $30,000 in relocation incentives to participate in a short sale. With all the issues with Robo-signing and the economy still not in a state... Read More
Stop Getting Your Commission Cut on Short sales!!
With all the implementation of HAFA, FHA, Fannie and Freddie rules on short sales, there is no reason that as a real estate agent you should ever get less than a 6% commission!! For some reason I see agents always put in the remarks section of a short sale listing verbiage of this affect: “Commission... Read More
NEW HAFA SHORT SALE CHANGES!!!!
If you are unfamiliar with HAFA (Home Affordable Foreclosure Alternatives), it’s a program through the Federal Government to help homeowners avoid foreclosure. Read more about it here With close to 11 million homeowner’s underwater homeowners and continued complaints to the treasury department about issues with the HAFA program the treasury department has finally listened and... Read More