Ignore Lender Rules Regarding Short Sale Commissions
Thursday, September 2nd, 2010Short Sale Power Hour
First and foremost, comment on today’s video at shortsalepowerhour.com and you will have the chance to be entered into a drawing for free flip flops from the team at Group 46:10
We are going to speak about a commission dispute that we had on a file that was being handled by Bank of [...]
We Perform What We Teach In Short Sale Business
Saturday, August 28th, 2010Short Sale Power Hour
Mindset Monday brings us a chat concerning the mindset of achievement. In the last few weeks, Kevin and Fred have jumped back into the trenches taking on more files than ever before. In the previous three weeks, Kevin and Fred have gotten 16 short sales approved. We don’t point that out to [...]
Foreclosure Time Line In Minnesota
Thursday, August 26th, 2010Short Sale Shift
Today we are going to speak regarding Minnesota’s foreclosure and rules. First of all, every state can be a little bit unique with foreclosure policies and laws. In the state of Minnesota, the guidelines are very lenient so that the property owner has more choices. This gives the home owner the chance to [...]
Bank Of America Enhancing Short Sale Method
Tuesday, August 24th, 2010Short Sale Power Hour
From the very creation, shortsalepowerhour.com has spoken in relation to the outback mindset. The outback is a result oriented mindset to identify processes that don’t work and creating solutions for them. Most people in a short sale deal are devoted to saying I can or I can not do this based on [...]
Banks Watching For Strategic Defaults Closely
Sunday, August 22nd, 2010Short Sale Power Hour
Fred Weaver and Kevin Kauffman, Arizona’s best short sale squad, is talking about a recent article on the topic of strategic defaults. Apparently Experian finds that 19% of mortgage defaults in the second quarter of 2009 were calculated. First of all, the data are fairly old. Also worth noting is the reality [...]
Why Would A Bank Carry Out A Short Sale?
Saturday, August 21st, 2010Short Sale Shift
Welcome to shortsaleshift.com. Minnesota’s top short sale experts, Josh Pomerleau and Sarah Willman are going to discuss why a bank would want to complete a short sale.
One of the initial comments we get from property owners that are going through foreclosure or starting to miss their payments is “Why would a bank choose [...]
ETrade Should Not Be Present In The Mortgage Industry
Monday, August 16th, 2010Short Sale Power Hour
Forgettable Friday revolves around Bank of America another time today. We’d love to share a anecdote with you to shed some light on what is going on out there in the short sale business. We have become Matt Verson fans and we need to give some acknowledgment to the team at Bank [...]
Careful Pricing Will Benefit The Short Sale Agent
Tuesday, August 10th, 2010Short Sale Power Hour
Yesterday we chatted about how the BPO disputes are on the increase all over again. We also discussed pricing listings appropriately and making frequent price changes. The list price is very significant. As an illustration, let’s assume that you list a residence at $200,000 and get an offer for that home in [...]
Credit Consequences Of A Short Sale
Thursday, August 5th, 2010Short Sale Shift
Are there any credit penalties of a short sale?
-Yes, there are credit consequences with a short sale. Just like some loan, if you are missing payments on your mortgage you are going to have negative marks on your credit for missing those payments. Now with a short sale, lets say you miss a [...]
Title Agent Vital To The Short Sale
Monday, August 2nd, 2010Short Sale Power Hour
With a week committed to Title process and padding the HUD, today’s spotlight is on working with a good Title Agent. If you are wondering what you pad in HUD, this is where a trusted Title agent comes into the image. Realize that the reason you need to have this kind of [...]