The Great Short Sale Debate: Critical Steps in the Short Sale Process
There are a number of critical steps through the short sale process. Once the first lien holder has reviewed all the documents, determined they have a complete package, and determined that the seller...
View ArticleShort Sale Frustrations: How Do I find the best deal?
Given the volume of short sales and default resolution cases that we help buyers and sellers complete, we hear a great deal of frustration expressed by all concerned. The sellers have legitimate...
View ArticleGetting Good Advice in a Short Sale: Know the Players
How do you get good advice when considering a short sale? First, make sure your trusted advisor has extensive experience in the short sale world. Research the process and the advisor, ask tons of...
View ArticleGreat Short Sale Debate: Reflections from Linked In
As part of our series on Short Sales, we posed some questions to the Linked In community and I thought the questions and answers were worth sharing. As we have discussed, short sales can be a positive...
View ArticleForeclosure versus Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A...
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Foreclosure Volume Slated To Rise This Spring
After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February of 2012, 21 states posted a year-over-year increase in...
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Mortgage Forgiveness Debt Relief Act
Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. Lenders send out 1099s to account for the amount of the debt they...
View ArticleWaiting Periods Waived
The Great Recession that started in late 2007 forced many responsible Colorado homeowners into mortgage loan default and/or bankruptcy. Because of this, the Federal Housing Authority (FHA) realized...
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Real Estate Lingo
Learning real estate lingo is an important part of buying/selling a home. Here are a few common words you may hear if you’re buying or selling a home. 1. Appraisal An appraisal is an assessment done by...
View ArticleThings Buyers Should Know About Backup Offers
What is a backup offer and what purpose does it serve in this exuberant Denver Real Estate Market? A backup offer is a second place offer. The home is already under contract with Buyer 1, but Buyer 2...
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