Archive for Grace Swartz

The Short Sale BPO Agent Evaluation Model and Perspective – Everything You Thought You Knew

Cory Boatright
asked:
It is good to understand the general perspective of the agent conducting a BPO. Did you know the BPO Agent usually only makes $40-50 for each BPO the lender orders? Consider that for a moment. The BPO Agent has to drive out to property, spend 30 minutes or more inspecting it, take [...]

Determining the Short Sale Appraisal Value

Colin Andrews Egbert
asked:
Determining the short sale appraisal of property you have under contract is one of the most important aspects of the short sale business. Without knowing the short sale appraisal value of the property you are interested in, it’s impossible to formulate your offer to the short sale lender without knowing the [...]

Short Sale Services – How to Do a Short Sale

Randolph Rempe
asked:
The home mortgage crisis is affecting people all over the world. Every day, families are losing their homes due to defaults or foreclosures. Many times, families do not know what other choice they have other than foreclosure. It seems like the only option is to let the bank take back the house, [...]

How to Get a Short Sale Approved – Part 1 of 3

Cory Boatright asked:
Short sale real estate is becoming a new trend for real estate investors everywhere. What is it? A short sale is when a bank agrees to accept less than what is owed on a property in order to liquidate their inventory and clear their books from non-performing assets. Here is what they [...]

Foreclosure vs Short Sale – Which is Worse?

James Sopher asked:
Before we discuss the pros and cons of foreclosure vs short sale, let’s briefly define the term “short sale”:
The “short” in short sale refers to the payoff amount agreed to in a sale transaction as being “shorter” than the mortgage balance owed on the property. In other words, there is more owed [...]

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