Short sales are easier when you have the answers. Are you asking your seller lender the right questions?

Posted on 16. Oct, 2016 by ssc in Short Sale Connection Blog

Avoid common mistakes that kill short sales. Asking the right questions helps you build a foundation for a successful short sale transaction. Here's a link to questions you need to ask your seller's lender.
Ask your seller's lender:
1. Loan Type (FHA, VA, USDA, Conventional, HELOC) – This can tell you how they'll process the file including [...]

Short sales are easier when you have the answers. Are you asking your seller the right questions?

Posted on 16. Oct, 2016 by ssc in Short Sale Connection Blog

Avoid common mistakes that kill short sales. Asking the right questions helps you build a foundation for a successful short sale transaction.
Ask your seller:
1. Who's on the mortgage? You need to make sure everyone on the mortgage is cooperative. Often ex-spouses can throw a wrinkle into the deal and cause problems. The lender will normally [...]

Is Your 3rd Party Negotiator Safe?

Posted on 11. Aug, 2013 by ssc in Short Sale Connection Blog

Ok, so maybe it's ok to have a 3rd party take care of all this clerical short sale nonsense. I suppose anyone could do it, and if they've closed one or two...great. So what if they aren't Realtors, and don't know much about our rules & regs, Code of Ethics? RESPA? What does that have to do with my short sale?

FHA Short Sales

Posted on 26. Sep, 2011 by ssc in Short Sale Connection Blog

This post is directed to agents with short sales where your seller has an FHA mortgage. I'm addressing a problem I've seen over and over again. You present an offer to the lender, they order an appraisal (if the lender orders and appraisal rather than a BPO, it's a good indication of an FHA loan) [...]