Tag Archive

Massachusetts Short Sale Difference between RMA form and UBA form for your Financials

Published on January 12, 2016 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Why are we so good at Short Sale Negotiation in Massachusetts and New Hampshire??? Because we KNOW the forms you need! Massachusetts Short Sale Difference between RMA form and UBA form for your Financials So what’s the difference between all the financial forms from your lender?!?!? This quick video will show you the two major […]

FANNIE MAE ANNOUNCES NEW SHORT SALE GUIDELINES

Published on August 6, 2013 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

FANNIE MAE ANNOUNCES NEW SHORT SALE GUIDELINES If you are an agent in Massachusetts or New Hampshire that specializes in short sales you should be aware of new guidelines posted by Fannie Mae recently that affects the LISTING of your short sales.  Initially, I had some short sale investors up in arms, until I thoroughly […]

How to Dispute a Short Sale Bank Valuation

Published on August 26, 2012 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Short Sales can be made or broken by what the bank determines the subject property value at.  If the property value is too high, you’re going to have an uphill battle or a slim chance at getting an approval.  So what should you do if your negotiator is telling you the lender wants an offer […]

Stop treating a Short Sale with less Respect than a TRADITIONAL SALE! Massachusetts New Hampshire

Published on November 25, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Ok, I’ll admit. I LOVE short sales. LOVE LOVE LOVE THEM. I know I’m in a vast minority. Not everyone loves the challenge, nor can rise to the occasion. I TRULY love short sales in Massachusetts and while most people give the eye roll when I say we are an attorney state, I think most […]

Trick Or Treat – Five Month Short Sale coming to end after THREE SUBMISSIONS

Published on October 31, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Now, five and ½ months is not historically long in short sale time lines, but it’s long enough for me considering I submitted the same file four times, three with the same buyer and ended up with the same negotiator ALL but this last time. This is the end of one of the most frustrating deals I’ve ever encountered, mainly because the STUPIDITY of the team at Chase astounded me. Now in case you’re not up to speed on this sale, check here for my BPO quandary. Yes, even getting a BPO ordered a second time around with the EXACT VALUE of our offer, miraculously, our file ended up closing as the NET to the investor wasn’t yielding them enough.

NO – YOU control the list price – Massachusetts Short Sales

Published on October 25, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

We’ve had a lot of new homeowners call us lately for assistance with short sales.  We assign these listings to the more experienced agents we’ve worked with.  We’ve worked with agents from Keller Williams, Remax, Century 21, Weichart, and many others. On occasion we have to work with a new agent.  We work with the […]

Bad BPO? Fight it.

Published on September 24, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

I’ve learned some interesting things from the agents we work with. I can’t tell you the number of times I’ve had an agent call into the office after a BPO was finished only to learn the BPO agent was also an REO agent for the same lender. This is a BIG red flag. We try to do our homeowner FIRST and make sure the person valuating the property is NOT the same person who will get the listing if the property is foreclosed upon. Sometimes, they slip through the cracks.

Back from Vaca – All is Well With Chase Short Sale – Auction Stopped in Derry, NH

Published on May 17, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

Three days before I was to leave on vacation, we got a frantic call from a homeowner in Derry, NH.  They had an auction scheduled with Chase the following Wednesday (7 days later) – I put the team in motion.  Talk about anxiety, not just for me, but for the poor homeowner.  I had a […]

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