25Oct 2008 by Susan Milner

Cape Coral Short Sales | Advice for banks

Cape Coral Real Estate, Cape Coral short sales, Opinion
I'm a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls. Not to worry, I have a solution. Read the full article about Countrywide Short Sales and the WHY behind this post. Here's what I propose the banks do to collect the most money back on these bad loans:   1)    Have an intake department with a checklist of items needed in package (timeframe: same day of receipt) a.     Reject all that are missing items - send letter of explanation b.     Forward on all complete packages to analysis team   2)    Analysis Team - reviews package (timeframe: 2 days of review) a.     Verifies hardship b.     Verifies value c.     …
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09Oct 2008 by Susan Milner

Expecting to Buy a short Sale | What to Expect

Buyers, Cape Coral Real Estate, Cape Coral short sales, Fort Myers Real Estate, Fort Myers short sales, Opinion, SW Florida Real Estate
What to Expect when you are expecting to buy a short sale   So, you are expecting? Expecting to buy a short sale? Short sales are handled much differently from traditional sales. Here we will go over the differences to help you through the process.   The first thing to consider: Your time frame for purchase   Do you have enough time to wait for an answer? Short sales can take 30-60 days to receive an answer. We've heard horror stories of it taking 5-6 months in some cases as well. This could have been due to a number of factors that we cannot thoroughly cover here.   The next thing to consider: Choosing a Real Estate Agent   Have you found a real estate agent who has the knowledge…
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