Need to give a shout out once again to Lisa Sevajian Johnson! This was a quick short sale, but definitely not without a few headaches. Let me just say I like working with NH Housing rather than MA Housing. They actually perform their short sales very similar and MOST loans have PMI on them, which […]
Another beautiful short sale home CLOSED with Lisa Sevajian Johnson of Re/Max in Boxford, Massachusetts. After the first buyer dropped out and the homeowner filed bankruptcy, we weren’t sure how this short sale would play out, but the sheer endurance of Lisa and the patience of the new buyers represented by Dennis Marks out of […]
It’s a Short Sale People. STOP TREATING IT LIKE AN REO!!! New Hampshire Massachusetts Short Sale. A short sale typically happens when a homeowner who’s behind on the mortgage tries to sell for less than they owe. REO stands for “real estate owned.” The home went into foreclosure but didn’t sell at auction, so the […]
Should you Hire a 3rd party short sale Negotiator in Massachusetts and New Hampshire? EXPERT – It’s often I see that term used to describe someone involved in short sales. It’s pretty scary. I’ve seen it as a designation for many agents after a weekend course. I can tell you without a shadow of a […]
The truth of the matter is there is very little short sale fraud. The FBI has published that there are no solid numbers on short sale fraud (“As such, the extent of short sale fraud nationwide is unknown” http://www.fbi.gov/stats-services/publications/mortgage-fraud-2009) – According to the Corelogic (a company that sells mortgage fraud software) it’s estimated that short sale fraud is 2% of overall mortgage fraud. So every time you see an article with the words fraud, scammers, floppers, etc., remind yourself that only and ESTIMATED 2% of overall mortgage fraud is a short sale transaction
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.