Tag Archives: Short Sales

How a Commercial Short Sale Can Save the Day

As an investor, you’re looking for opportunities to help people. That should be your ultimate goal. Often, in bad economic times (like the past few years), companies need to reduce their asset load due to decreases in property values. In essence, the properties that were once assets are now burdens and foreclosure is a very [...]

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How to Do a Commercial Short Sale

It’s Commercial Loan Modification and Workouts month on the Investor Insights. Sounds kind of like a boot camp? Well, today’s post kind of is. You have to work hard to get the short sale process approved and to get through the process. Here’s how a commercial short sale works. Short Sale Defined A short sale [...]

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Is Flipping a Short Sale for Profit Illegal?

According to new rules from Freddie Mac, it could be. Starting at the beginning of next year, all parties involved in a short sale will be required to sign an affidavit that says they are handling the transaction to federal standards. The additional paperwork is said to help all parties with an interest in the [...]

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Dos and Don’ts of Working Short Sales & Loan Modifications

Mars is the second closest and only red planet near Earth. It’s also the name of a program real estate investors need to know about – Mortgage Assistance Relief Services. It’s one more requirement from the Federal Trade Commission to protect consumers. And, if you’re a real estate investor, it’s important to help protect consumers [...]

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HAFA to Help Shorten Short Sale Approval Process

The government’s HAFA program that went into effect on April 5, 2010 should help shorten the length of time it takes a lender to approval a short sale. The HAFA program is an alternative for homeowners that do not meet the guidelines under the government’s Home Affordable Modification Program to receive a mortgage loan modification. [...]

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