Posts Tagged ‘Lenders’
Lenders are Messing Up Real Estate Sales!
I don’t know if it’s just bad luck, but I have been having MAJOR issues with lenders lately – messing up (and almost killing) escrows at the 11th hour. (I should say that these mistakes are not from MY preferred lenders, but from lenders whose clients are purchasing my listings). Here is what I know:…
Read More
Happy Ending to a Horrible Short Sale
I used to love short sales…all it took was great organizational skills, persistence, a thick skin and a big mouth, and it was more or less simple to get a short sale closed. But after what my poor buyers just went through it makes me want to stay away from short sales for a while!…
Read MoreWhy Do Lenders Hold Up Closings?
Over the ten years I have been selling residential real estate there have been many questions that I could label “million dollar questions,” but perhaps the number one question is why do lenders hold up closings? Granted, if I had a proverbial crystal ball I could probably help relax many inquiring minds, and I definitely…
Read MoreA New Problem Surfaces in Getting a Loan
Just when you think you’ve heard it all, something happens that makes you realize you should never close your mind to how far out of left field the ball might fly (a little baseball analogy for those sports fans to appreciate). It seems that is definitely the case with banks, and wait until you hear…
Read MoreWant to Get Your Distressed Home Sold? It May Matter Who You Know
You have heard the famous line, “it’s all who you know.” That has proven to be true in many cases – getting a reservation at a swanky new restaurant, upgrading to a better hotel room, getting a great job or a promotion over others who may be more qualified….but who would ever have thought that…
Read MoreNew Lender Role: Landlord?
There have been quite a few crazy ideas proposed by the Feds to help the housing market, but in the recent panic to finally DO something, the latest proposal takes the cake: make lenders landlords. As the number of lender-owned properties continues to rise, and as lenders remain hesitant to release them to be sold…
Read MoreWhy Short Sales Fail
Not all short sales get approved; in fact, some statistics claim only half make it to closing. The truth is that both the agent and seller need to do everything in their power to get these sales approved, but sometimes it is simply out of their hands. Here are the reasons short sales fail: 1. …
Read MoreBanks May Pay You to Short Sell Your Home
Cash for keys programs – where the banks pay money to the homeowners if they walk away from their homes and leave them in good condition – have been common in the foreclosure arena for some time. Now the banks want to apply this principle to the short sale industry. I have been hearing tidbits…
Read MoreWhat’s in Your Problem-Solving Tool Box?
A client told me a few days ago that I have one of the hardest jobs, and she doesn’t know how I do it every day. She was referring to the difficult situations I face daily in regards to short sales, short sale lenders, and getting buyers qualified to buy properties. There are some days,…
Read MoreHow to Get Your Short Sale Approved Faster
No matter whom you ask – sellers, buyers or agents – the biggest problem with short sales today is still the length of time it takes to get lender approval. It is the number one reason these sales take so long, the reason many end up going to foreclosure, and the main source of frustration…
Read More