Bank of America Short Sales Are Subject to Investor Approval

People often don’t pay attention to warnings. That’s because sometimes we look at them in jest, like Lost in Space: Danger, Will Robinson. I can advise sellers that the price of their short sale is too low, but they ultimately set the price, not me. I can also tell buyer’s agents that they need to pull the comparable sales, but that advice often falls on deaf ears.
As a result, sometimes I can end up with a short sale listing priced way too low to attract any type of decent offer. Agents who don’t work in short sales don’t understand that

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California Short Sale Sellers – Rejoice over CA SB 931!

Working with short salesCalifornia Short Sale sellers pay attention in the upcoming days as California SB 931 is closer to becoming a reality! When Governor Schwarzenegger signs California SB 931, Californians will rejoice! This should make California Short Sale sellers breathe a little easier. California SB 931 will ban deficiency judgements for California short sale sellers with a first mortgage. It has now passed both the Assembly and the Senate and is simply awaiting Governor Schwarzenegger’s signature.
According to AroundTheCapitol.com

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Contingent on Waiting

I regularly publish indicators and trends at my website (www.JayEmerson.com) and try to offer a no-nonsense interpretation of the local real estate market. 
As a scarred short sale warrior across our 3 counties, I can tell you that the national numbers being touted (only 3.8 million sold, annualized) is not considering those homes between worlds; not quite Pending and not available for buyer competition.  These homes are handcuffed in a world called “Active Short Contingent”.  Naturally, a SOLD figure would not consider these as they are not even Pending.  But that’s where the hose is kinked.  Short selling lenders are providing

http://housingstorm.com/tag/short-sales/

Contingent on Waiting

I regularly publish indicators and trends at my website (www.JayEmerson.com) and try to offer a no-nonsense interpretation of the local real estate market. 
As a scarred short sale warrior across our 3 counties, I can tell you that the national numbers being touted (only 3.8 million sold, annualized) is not considering those homes between worlds; not quite Pending and not available for buyer competition.  These homes are handcuffed in a world called “Active Short Contingent”.  Naturally, a SOLD figure would not consider these as they are not even Pending.  But that’s where the hose is kinked.  Short selling lenders are providing

http://housingstorm.com/tag/short-sales/