short sale: Bank of America - Equator "Manual" - 05/05/10 08:27 PM
Yep, that's right.  I have the manual straight from B of A.  In PDF, it is a about 54 pages long and filled with tips and tricks on how to use the Short Sale Equator System.  Did not even know this manual existed till yesterday!!  I am guessing you did not either.  So, if you are working Short Sales with B of A and the Equator System, you can get your very own copy of it for no cost, free free free!  Go to my Facebook Short Sale fan page (Short Sale Senter) and add yourself as a fan.  Then drop … (3 comments)

short sale: Short Sales: Realtors (Listing Agents) - 04/27/10 08:07 AM
Short Sales: Realtors (Listing Agents)
As a Realtor listing a seller as a Short Sale, you take on tremendous responsibility for that outcome.  Short Sales are a completely different approach when it comes to Real Estate.  I call it "Real Estate Backwards".
Here's why.  Under normal conditions when you are working with equity sellers (equity in the home and sale will exceed the debt/expenses of the sale) you are working feverishly to get the highest price, in the shortest amount of time, with the least amount of hassle for your seller client.
Not so with short sales.  You are looking for … (1 comments)

short sale: Buyers, set realistic expectations for your Short Sale! - 04/26/10 11:32 AM
Short Sales: Buyers
Homebuyers looking to get a great deal on a Short Sale Listing need to know and follow a few rules in order for their offer to be really considered at the Short Sale lender level.  Probably the most taxing job for the Realtors and attorneys on a Short Sale deal is educating the buyer as to the appropriate expectations of what is to come when the offer is submitted to the lender for approval.
For starters, the buyer needs to understand the Short Sale lender will not, under any circumstance, care what the buyer's timeline for closing might … (1 comments)

short sale: Short Sales: Sellers! - 04/18/10 10:00 AM
Short Sales: Sellers
Almost every Short Sale file we take on here at Gryphon Properties & MGMT Co. (GPMC), I get asked by the seller what I think the outcome will be regarding the ‘debt' that is relieved.  And my usual response includes an education specific to the seller as to what types of loan(s) they have against their property and to what purpose the money on those loans was used.
Here's the point.  The seller usually has this attitude that the total amount of the loss should be eaten by the bank and no responsibility or liability should be on … (2 comments)

short sale: Short Sales: Sellers! - 04/18/10 09:59 AM
Short Sales: Sellers
Almost every Short Sale file we take on here at Gryphon Properties & MGMT Co. (GPMC), I get asked by the seller what I think the outcome will be regarding the ‘debt' that is relieved.  And my usual response includes an education specific to the seller as to what types of loan(s) they have against their property and to what purpose the money on those loans was used.
Here's the point.  The seller usually has this attitude that the total amount of the loss should be eaten by the bank and no responsibility or liability should be on … (1 comments)

short sale: "National Quick Sale", everything but quick... - 03/16/10 06:37 PM
Signed up with National Quick Sale today.  They are a third party negotiation company 'hired by' but not 'paid by', lenders.  Everhome Mortgage is the lender who put them on me as I currently have a file into them for approval. NQS charges the Agent a $99 annual membership fee, 1% of the deal on the HUD (paid by the Agents) and then a $250 processing fee on top of that.  I asked if NQS sends out a bag of ice and Advil with this 'amazing' offer, just to help with the swelling!  I did not even get a giggle from … (12 comments)

short sale: Short Sale vs Loan Modification - 11/17/09 09:44 PM
Seems like I just keep coming across folks who are really confused about the Loan Modification process and the Short Sale process.  I get that call of desperation from a confused homeowner who is in financial turmoil and in the midst of a loan modification that seems to be going nowhere.  The simple question to ask is "Do you want to stay in the home, if you can afford it?"  Spoke to a caller today who convincingly answered 'NO' to the question.  Then a loan mod is completely the wrong solution to the situation.  Instead the caller needed to get out … (0 comments)

 

Steven Senter

Saint Charles, IL

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Keller Williams-Fox Valley Realty

Address: 1450 W Main St. Ste G, Saint Charles, IL , 60174

Mobile: (630) 421-0321

Office: (630) 513-3901

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