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Posted by on Apr 18, 2013 in Success Stories | 0 comments

Short Sale Success Stories | Buford

Short Sale Success Stories | Buford

5087marsh-1-1This site has been live for almost 4 years and we failed to tell you of our success.  Not to boast but rather to share the short sale success stories we’ve had (and failures) so that you can see what will work for you or not.

One of the most memorable stories was a home for sale in Buford.  It was a Chase short sale and our client had lost his job.  Just months prior he was working hand in hand with a prominent author in leadership.  Unfortunately for him, his boss sold the company which left him as an odd man out.  After several months of trying to make ends meet he could no longer afford the home.  This continued for over a year when Chase told him about a short sale.

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Posted by on Sep 16, 2011 in Short Sales | 0 comments

How to Buy A GA Short Sale

How to Buy A GA Short Sale

How to Buy A GA Short Sale

You might like the idea of buying a short sale but there are some things you need to know before {you go out and limit your search to JUST short sales|go out and look at every short sale in GA|you buy a home for sale in ga that is a short sale|you head out the door to get what you might think is the best deal in town (How to Buy A GA Short Sale).

Real Estate Videos

 So what’s a short sale? So you’ve read all the short sale blogs about short sales and you probably know that a short sale is simply selling the home for less than what is owed. Here’s what you need to know.

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Posted by on May 17, 2011 in Short Sales | 0 comments

May 2011 Short Sale News

May 2011 Short Sale News

WellsShifts to Equator, Navy Fed Dumps on Veterans and Short Sales Smooth Out





This month in 2011 brings about some short sale news that is interesting

Wells Fargo goes to Equator.

For the sake of those uninformed, Equator is a semi-automated system for banks to manage assets. Used primarily for foreclosed properties (REOs), and modified for short sales. Equator became “famous” when Bank of America made the decision to to use them for their short sales. Since then GMAC and now Wells Fargo use this “software” to maintain the process. What we should see is a slowdown as employees get used to the quirkiness of the design (clearly Equator was not designed with User Interface in mind) followed by a much quicker process. Wells Fargo has always been ahead of the curve in regards to short sales.

NFCU Sucks

Honestly I tried to find a different word to describe Navy Fed, but how they manage their business as it relates to our service people is just plain deplorable. If you are buying a home right now, do not use this company. It’s not that you get taken advantage of in the front end but if you get stationed elsewhere and are forced to short sale, be prepared to have the roughest time of it out of all the lenders we struggle with.

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Posted by on Feb 28, 2011 in Bank Specifics, Short Sales, SPS | 0 comments

SPS Select Portfolio Servicing Short Sale

SPS Select Portfolio Servicing Short Sale

Select Portolio Servicing Short Sales are amazing for those that are interested in not missing a payment and having their short sale approved.  This company was agile enough to follow the guidelines and let us manuever to maximize their GAIN too.  What most people don’t get is this is a real battle with the bank as you (the short sale client) try to mitigate your loss  you are increasing theirs!

SPS understood the net to the seller and the net to bank and followed HAFA to the “t.”  This isn’t much help to you if you have another servicer, but if you have SPS we want to help you!

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Posted by on Feb 14, 2011 in Deed In Lieu of Foreclosure, FAQ, Short Sales | 0 comments

What is a Deed In Lieu Of Foreclosure?

What is a Deed In Lieu Of Foreclosure?

There’s a lot out there written about Deed In Lieu of foreclosure and you can take it however you want.  The real question you should ask yourself is

Why is the bank so excited about a Deed In Lieu?

It’s because it saves them money on foreclosing on you and still allows them to keep the rights of going after you.  In fact, it strengthens their position AGAINST you since you willingly gave up.  In addition, it helps with their insurance claims.

Most of the time, a deed-in-lieu is offered after a failed short sale attempt.  I won’t go into why short sales fail here, but if a seller accepts a deed in lieu, they are basically surrendering to the bank.

In case it wasn’t clear from the above.  Deed in lieu of foreclosure is a foreclosure without the legal process.

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Posted by on Feb 10, 2011 in FAQ, Short Sales | 0 comments

Not Sure If I Want To Short Sale

Not Sure If I Want To Short Sale

As a seller in this market, you have a lot of negative things going on.  The value of your home is down, the economic opportunities look bleak and everyone else around you is either bailing on their home, receiving a bail out or short selling.   The problem is that the hardest choice out of all of these (aside from “sticking” it out) is short selling your home.  Not only do you have to put with over-bearing buyers traipsing through your home, but you have to put up with bank inefficiencies that will make you wonder if your money is safe in the bank at all.

While this is the reality, the truth is that the toughest decision is also the only one that is in the best interest of the family (again aside from keeping the home).  A foreclosure is far worse, a bankruptcy is far worse.

We still hear clients say, at the footsteps of closing on the home say they are not sure if they want to short sale.  It’s baffling, they’ve done the hard part and now they almost done.  It’s like the marathon runners that quit 2 miles before the race is over.

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