Archive for February, 2013

MASHPEE Massachusetts Short Sale – CLOSED

February 27, 2013

I am so happy to see this US BANK FHA short sale close. This was the second longest sale we’ve ever had. Almost ONE YEAR – not quite a year, but ALMOST – Which again shows me how LONG the FHA short sale process is and it seems it is servicer wide, even though I […]

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Are Investors Losing Money Because of Their Short Sale Servicers?

February 25, 2013

Are Investors Losing Money Because of Their Short Sale Servicers? Massachusetts – New Hampshire The simple answer is yes!!! YES! Bank of America, Chase, GMAC, Ocwen, CITI, Wells Fargo are just some of the bigger secondary market lenders.  Now, what a lot of homeowners don’t realize is these companies many times just SERVICE a loan, […]

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A Short Sale is a Myriad of Moving Parts! Westford MA CLOSED!

February 14, 2013

So we just completed a doozy.  Mind you, last year we completed a sale where the primary lender took over $200,000 loss and negotiated 1.2 million in executions and attachments on the same property for a payoff of $11,000.  We see doozies all the time, but the sale we closed this week in Westford, MA […]

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Realtors UNITE to sign Petition RE Unrealistic Fannie Mae Valuations

February 3, 2013

Short Sales in the last half of 2012 have seen a dramatic increase in difficulty.  We’ve experienced this with our firm slightly too.  It seems if at the beginning of the year for us short sales were smooth sailing, however, like many other negotiators we’ve seen unrealistic demands from lien holders on valuations from many […]

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