Comments on: Short Sale Predictor: Look for 2 Green Stars

By: REdealSEEKER

REdealSEEKER — Mon, 25 Jan 2010 15:08:36 +0000

Hi Frank,
So, I wanted to follow up on your idea of hiring short sale experts for buyers. In the last year, have any of your agency’s buyers hired short sale experts? How has that worked? What makes someone an expert? Certification? Experience? Also, how does the listing agent take the news that the buyer is hiring a short sale expert (to do their dirty work for them)? I assume that agents would generally be thrilled, but maybe some might think the buyer is stepping on their toes….

Have a contract on a short sale, love the house, have little info (except from your site, I see that the LA has done successful short sales, but each house goes under contract many different times, and the process seems painfully lengthy…maybe buyers don’t stick by because little info is provided? I know that’s typical of short sales).

I’m aware that there are new gov’t guidelines coming, but this short sale might be of the 2008/2009 long-wait variety.

By: Peggy James-Lake Ridge VA Realtor

Peggy James-Lake Ridge VA Realtor — Wed, 23 Dec 2009 20:04:39 +0000

Hi Frank,

Loved your blog post. The little green asterisk is cool. I think once the consumers understand this little search tip,it can play a huge roll in helping them find an experience Realtor to help them with Buying or Selling a Short Sale.

Here in Prince William County VA, we are starting to see more and more approved short sales. Hopefully that trend will continue into the new year. Just got another homeowner Approved for a short sale in Lake Ridge Virginia the other day! Midfirst Bank took a little longer than I had hoped. It took three and half months from contract submission. Now I’m working on a dual SunTrust Short Sale and a Bank of America/Well Fargo. All are under contract and pending third party approval.

Have a wonderful holiday week. Hopefully, you will take some well deserved time off. I look forward to seeing you and your clients on HGTV!

By: Joshua Jarvis

Joshua Jarvis — Wed, 23 Dec 2009 12:03:25 +0000

Great Blog! I’m enjoying your Frankly Style which is similar to my “Brutal” style but not nearly as nice a design. Short sales are much more “fun” when you are listing them. I could very easily write similar “cynicisms” about buyer’s agents that you have here about listing agents. LOL. I’m definitely following now.

By: Top 10 real estate posts of the day for 12/21/2009 : Tempe real estate and free home search

Mon, 21 Dec 2009 13:58:48 +0000

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