Oh Yeah! Short Sales Approved!

By
Real Estate Services with Peskin, Courchesne and Allen, P.C.

Just came off a great week August 20, 2010 in my short sale history. After quite a long dry spell, I had three new approvals by the end of last week. Walked in today and  received a short sale approval on a deal I have been trying to bring together for 8 months!  There's 4 hopefully all closing  in the next few weeks!  Persistence pays off!

 

Image of "Oh Yeah"

On this last approval, lender is paying for relocation. When is the last time that happened?  Perhaps the lenders are playing nice again, now that summer is coming to an end?

 

Please share your short sale tips with regard to dealing with lenders.  We need to keep the approvals coming!

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Topic:
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Rainmaker
203,307
Paige Walker
Real Estate Guru - Alexandria Pineville LA
Louisiana Lagniappe Realty, LLC

Congrats Nyles! Keep the faith!

August 23, 2010 09:27 PM
Rainmaker
133,487
Marcia Kramarz
CDPE,LMC,CBR
Re/Max Executive Realty

Good for you - Nice week!  Unfortunatley lots of hours to get there - but it's the Short Sale way  I guess...

August 23, 2010 09:28 PM
Rainmaker
53,587
Nyles Courchesne
Massachusetts Real Estate Attorney
Peskin, Courchesne and Allen, P.C.

Short Sales are where it is at in Western Massachusetts.  Love them or hate them, I think they are a good 25-30% of the  market in Western Massachusetts. I knew that there would be a lot of extra hours so I hired an assistant to help me take them on!  Good Luck with yours. . .

August 23, 2010 09:37 PM
Anonymous #4
Anonymous
Matt F.

Agreed.  I used to cover bank inspections for pre-NOD homes (people behind in payments) and for kicks I'd spot check 'em to see what they either paid or their loan was at.

 

Underwater

Refi'd 3 times

Maxed Out

Refi'd 5 times

2 loans

Underwater

 

you get the idea...you really can't sell in today's market if you owe too much!  Add to it the foreclosures that are simply dragging down your values now (and eventually offically recognized in the assessments) and it makes it that much tougher.

September 14, 2010 01:27 PM
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Rainmaker
53,587

Nyles Courchesne

Massachusetts Real Estate Attorney
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