Comments on: What’s all this talk about Short Sales

By: Emotional Stress of a Short Sale | Loan Articles | Credit Articles - Personal Loan Articles, Auto Loan Articles, Mortgage Loan Articles, Payday Loan Articles, Bad Credit Articles

Fri, 19 Nov 2010 22:00:30 +0000

[...] a seller is to expect in a Short sale I started talking about Short Sales about a year ago. The Short Sale transaction can be frustrating for everyone involved. I think most of the [...]

By: Miamism helps spread the word about Short Sales | Frederick Home Auction

Miamism helps spread the word about Short Sales | Frederick Home Auction — Thu, 28 Feb 2008 17:31:08 +0000

[...] Part one -What’s all this talk about Short Sales | Focus On Frederick.com [...]

By: What should a seller expect in a Short sale | Focus On Frederick.com

What should a seller expect in a Short sale | Focus On Frederick.com — Wed, 13 Feb 2008 17:24:12 +0000

[...] to my RSS feed or Subscribe by email on the right. Thanks for visiting!We started talking about Short Sales last week and I said we would break it down for the seller and the buyer. The Short Sale transaction can be [...]

By: ines

ines — Fri, 08 Feb 2008 02:46:03 +0000

The question is what do we need to do to clean up the mess??

By: gotbob

gotbob — Fri, 08 Feb 2008 01:28:44 +0000

Ines, that has to be the lowest…why do some parts of this industry get a bad name?

By: ines

ines — Thu, 07 Feb 2008 23:49:16 +0000

I just had a client tell me that their mortgage broker suggested a short sale right after refinancing…….do you smell fraud or what? (and here I thought we were done with that!)

By: gotbob

gotbob — Thu, 07 Feb 2008 17:04:53 +0000

KK, That is absolutely excellent advice…don’t need to sell… don’t! We will get through this.

Frances, It changes everyday…doesn’t it? Predators…especially the ones that say don’t do anything, we will save your house (for themselves)

T, The part about “they just don’t realize it yet…” we are on the same sheet. I believe they are understaffed for this department and cannot respond to all of us.

By: Teresa Boardman

Teresa Boardman — Thu, 07 Feb 2008 14:53:33 +0000

I am thinking that banks do want to own real estate, at least here in St. Paul. They sure are not selling any of it. We make offers and nothing happeneds so I guess I disagree.

but you are 100% correct in that the biggest mistake people make is to ignore it all until it is too late. I have been contacted by soon to be X home owners after the sheriff’s sale and after the statutory redemption periods are over and I can’t help.

By: Frances Flynn Thorsen

Frances Flynn Thorsen — Thu, 07 Feb 2008 14:52:25 +0000

Congress recently passed The Mortgage Cancellation Relief Act, removing the tax burden associated with short sales. That said, you offer excellent advice when you tell homeowners to seek professional help.

There are many “predators” waiting in the wings to reap an equity bounty. Find our what a property is worth, and what the tax and financial implications are at each juncture.

Good post! Nice blog!

By: Kristal Kraft

Kristal Kraft — Thu, 07 Feb 2008 14:15:03 +0000

Bob, I think it is worth mentioning to homeowners that unless they absolutely have to sell they shouldn’t worry about the market. This is NOT a permanent condition and things will get better. Sometimes when we get to the end of our rope we need to tie a knot and hold on!

This too shall pass.