A short sale negotiation is and does as their title suggests—they are experts in the art of the short sale negotiation. This is no small feat, as many short sales collapse because they began on tenuous grounds. Banks are...
Category: Short Sales
20 Sep, 2011
What Is An Active Contingent On A Short Sale?
An active contingent status on a short sale designates that that home has received an offer from a buyer and the seller has accepted. Buyer and seller are awaiting the approval of the bank to finish the transaction. The...
Under the Forgiveness Debt Relief Act of 2007, you have no tax obligations after a short sale until 2012. However, the status of tax liability in this case may change very soon. A common misconception troubled homeowners...
7 Sep, 2011
Beginning The Short Sale Process
The BPO, or Broker Price Option, is when the bank appraises your house through a hired third party. An integral part of the short sale process is getting your bank to accept a lower price for your house that consistent with...
The short sale market, only a year ago, was a dismal place. Even today, it remains a woefully deficient marketplace where buyers, sellers and banks are constantly confused and disillusioned by new rules, fraud and bogus...
