You need to make sure you know all the logistics behind the motivation of the short sale
-- such as talking with both the homeowner and the agent to analyze where you'll benefit.
If they are currently involved in assisting sellers in obtaining discharges from mortgage lenders or creditors in short sales
and are not licensed under RSA 397-A or 399-D, it is recommended that they consult with counsel and consider whether under the facts and circumstances it is advisable to ask for a no-action letter from the banking department.
The report noted that the percentage of suspicious short sales
flipped for more than $50,000 has slightly decreased during the period of 2012 to second-quarter 2013.
The property was recently sold in a short sale
and rehabilitated by the two.
The GSE said that additional changes will also make it easier for servicers to process short sales
for members of the armed forces receiving Permanent Change of Station orders.
Just because a homeowner has filed for bankruptcy does not mean he or she cannot do a short sale
. Bankruptcy can cure a homeowner's debt and liabilities, but it will not save one's credit.
"With the courts at a standstill and banks not foreclosing on properties," Halloran said, "the banks are getting better at doing short sales
, so more people are doing them."
are always a better alternative than foreclosures for the bank and for the seller," Paddilla says, citing one rare exception she oversaw firsthand.
Of primary interest to real estate agents, lenders, asset managers, and to a lesser extent, appraisers involved with short sale
properties, Short Sale
Rush provides a practical guide to sales techniques, checklists, forms, and procedures designed to improve the marketability of short sale
and REO properties.
In September 2008, ASIC took emergency action to temporarily ban short selling in Australia, including naked short sales
and covered short sales
A short sale
is a voluntary process on the part of the lenders and is something the property owner must negotiate.
Sellers also have incentive to accept a short sale
, since they walk away from the house without a foreclosure tarnishing their credit even further.