Short Sale and How to Avoid Costly Mistakes.
Albert Stimer August 27, 2009 Short sales can be very confusing and as such can cause Realtors to make mistakes which may affect everyone involved.
ORLANDO, FLORIDA – August 27, 2009 – “Short sales” require that both the homeowner and the Realtor complete several steps and complete them successfully. However a experienced “short sale” investor will know what to avoid in a “short sale” situation.
Here are ten mistakes that Realtors make when involved with “short sales”:
Doing nothing.
Not following the rules.
Weak presentations.
Being all talk but no action.
Being unprepared at any step in the process.
Diversifying.
Problems with supporting documentation package.
Problems with the Broker Price Opinion (BPO).
Not hanging in there.
Disclosure , Disclosure , Disclosure
My experienced investor solves all of these pitfalls.
Don’t do HAFA, or the Home Affordable Foreclosure Assistance program from HAMP. No one has liked it that committed to it.
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tags: do it yourself short sale, rest report, avoid foreclosure, stop foreclosure, prevent foreclosure, foreclosure alternatives, self negotiated short sale, negotiate short sale, investor negotiated short sale, discharge mortgage deficiency, homeowner negotiated short sale, hafa, home affordable foreclosure assistance,negotiate mortgage deficiency,
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New blog post for Mortgage Mod Monster: 10 Costly Short Sale Mistakes – and how to avoid them http://bit.ly/hkX1vf
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