Archive for October, 2010

Nice testimonial today from a Methuen CDPE Realtor!

October 27, 2010

It was an absolute pleasure working with Rapid Property Relief. As a certified distressed property expert I rarely find other professionals that know how to properly handle and negotiate short sales. Thank you for a smooth and seamless transaction. I appreciate your hard work and I look forward to working with you again in the future!
Kristen Blanchet, CDPE

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Posted in HAFA - Massachusetts or NH Short Sale, Uncategorized No Comments »

Bankruptcy and Short Sales in Massachusetts and New Hampshire. How does bankruptcy affect your short sale?

October 23, 2010

We have done enough short sales to see our fair share of bankruptcies occur. There is an impact to a homeowner’s credit and their short sale if they file bankruptcy. Homeowner’s in need of filing need to speak to an experienced attorney if they are considering bankruptcy as an option to stall a foreclosure or capture their deficiency from a short sale. I would even suggest they find a bankruptcy attorney that also specializes in Real Estate.

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Posted in Bankruptcy and Short Sales 2 Comments »

Deficiency vs. Deficiency Judgment in Short Sales and Foreclosures for New Hampshire and Massachusetts Homeowners

October 15, 2010

People misunderstand the terms deficiency and deficiency judgment when explaining the risks in short sales or foreclosure actions. It is easy to do. Short sales and foreclosures are confusing for most homeowners. Even after explaining the potential outcomes of a short sale or foreclosure in Massachusetts or New Hampshire, homeowners still are overwhelmed.

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Posted in Short Sales Massachusetts New Hampshire 3 Comments »

How to Write A Successful Short Sale Hardship Letter to Your Lender.

October 14, 2010

Short sales a mishmash of paperwork, time, anxiety and questions, and one of the biggest questions I receive from Massachusetts and New Hampshire homeowners wanting to short sale their home is, “What do I write in my hardship letter to the lender?”

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Posted in Short Sales Massachusetts New Hampshire No Comments »

Massachusetts Short Sale information statistics Methuen Haverhill

October 11, 2010

As of today 10/11/2010 These are the statistics for Active Short Sale home in Methuen and Haverhill Massachusetts. Methuen 30 active Single Family Homes with an average of 166 days on market $218,537 – Average List price Haverhll 38 active Single Family Homes with an average of 145 days on market $214,197 Data above includes […]

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Posted in Short Sales Massachusetts New Hampshire No Comments »

Should homeowners participate in a HAFA short sale in Massachusetts or New Hampshire?

October 8, 2010

SECOND lenders do not have to participate in the HAFA program so even though it’s Chase or Wells or whoever the second lender is and they independently participate in the HAFA program as a second lender on the property they do not have to comply with the HAFA program. The agent’s going into these short sales didn’t realize that. Not only were the agent’s furious about the homeowners, the lenders in both cases CUT the commission to get an approval. Imagine that? A short sale lender cutting an agent’s commission? Well THERE’S something you don’t see every day right? WRONG!!

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Posted in HAFA - Massachusetts or NH Short Sale No Comments »

What does SHORT SALE APPROVED really mean?

October 7, 2010

An approval of a short sale actually comes in writing. So unless a previous buyer had come in, put an offer in, got an approval and walked before closing, chances are the SHORT SALE APPROVED on the listing you read just means that the listing price has been approved by the lender.

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What are your RISKS in a Massachusetts or New Hampshire Short Sale

October 6, 2010

Homeowner should know the risks of a potential “traditional” short sale. There is a new type of short sale called a HAFA short sale that has other risks all together, so for today, our focus is the traditional short sale.

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Posted in Short Sales Massachusetts New Hampshire No Comments »