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    Archive for the 'Short Sales & Foreclosures' Category

    A CHASE Short Sale Approval Letter

    Categories: Short Sales & Foreclosures Posted on June 30th, 2010

    I just settled one of the more complicated short sales I have handled yesterday.   I thought I would share with you what the first page of a short sale letter looks like. Bank- CHASE Approval- In around 60 days Amount Forgiven- Around 50K Hurdles- TAX LIEN, Bank Removal Of Closing Help, Bad BPO                             First Listed...

    Written by Jon Bunn 1 Comment »

    A Real Estate Certification That Matters

    Categories: Sellers, Short Sales & Foreclosures Posted on June 9th, 2010

    There are a lot of certifications out there for agents to achieve.  Most consumers such as yourself have not clue what they mean nor do you care.  You are simply looking for an agent who can get the job done with excellence. I have never been a certification chaser since taking...

    Written by Jon Bunn Please leave a comment.

    Fannie And Freddie Roll Out Their HAFA Short Sale Programs

    Categories: Short Sales & Foreclosures Posted on June 3rd, 2010

    Fannie Mae and Freddie Mac have been processing short sales for years.  However, when the HAFA plan was released on April 5th of 2010 Fannie and Freddie did not participate.  Yesterday they released their semi complex plans on how they will participate in the program for the next couple years beginning...

    Written by Jon Bunn Please leave a comment.

    What Is An Arms Length Transaction?

    Categories: Short Sales & Foreclosures Posted on May 13th, 2010

    When selling short, the lender that is taking the loss has a vested interest in making sure that they are getting market value for the property.  One of the pre-cautions most of them put in place is making sure that the contract is within "Arms Length."   To ensure this, most...

    Written by Jon Bunn Please leave a comment.

    Bank Of America’s New Short Sale Program

    Categories: Short Sales & Foreclosures Posted on April 13th, 2010

    Bank Of America has been know for having one of the slowest short sale processes in the market.  I completed one that took around 7 months.  I have heard of others taking much longer.  This did not get any easier when BOA  inherited Countrywide. Nevertheless, they are now leading the way with how they...

    Written by Jon Bunn Please leave a comment.

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