Tag Archive

Are You Working With a Good Short Sale Negotiator in Massachusetts or New Hampshire?

Published on June 24, 2012 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Just because they are a lawyer, doesn’t mean they are a GOOD NEGOTIATOR. I’m not here to down lawyers, because my company doesn’t survive without them. We get a ton of referrals from law firms, Realtors, etc., however, all of the law firms we work with serve in an advisory role while we do the negotiating. We’ve seen law firms negotiate and many are excellent at paper pushing and not good at understanding market value, BPO’s , investor guidelines, etc. They can be SLOW. If it is a boutique law firm that only specializes in short sales, you may be in a better position, but if it’s a law firm that just added short sales onto their menu of countless other services, just be careful.

Bank of America BofA Short Sale tips in Massachusetts and New Hampshire

Published on August 27, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

BOA, BofA, Bank of America…names acronyms, no matter how you say it, they are one of the biggest servicers in the country.  I mean they must be doing something right if Warren Buffet is investing so much money in them.  The problem is when you are THAT big, you have big issues.  Bank of America […]

Submitting Multiple Contracts to the Mortgage Lender – For Massachusetts or NH Short Sales (or not submitting at all!!)

Published on July 14, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

The second phone call I got was from a Massachusetts agent who told me he doesn’t even submit purchase contracts to the lender, but can get an approval. WHAT?!?!? After digging a bit further, I discovered he only submitted the “offer to purchase” – His reasoning was, why should we involve the lawyers up front. I almost fell off my chair.

Super Fast APPROVALS!!!

Published on April 7, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

AHMSI –  We submitted a deal to AHMSI.  Property list price $279,000 – Offer $267,00 – NET TO AHMSI $244,000 – The approval came back in 5 days.  Now before become bug eyed, you should know we had a previous offer on the table, buyer walked, relisted property.  SO BPO was done already, however on […]

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