There is some debate. I don’t think they will, for a variety of reasons, not the least of which is that they probably fear that if they make them easier, more people will try for one. Since the other side of the deterrent is foreclosure, and since loan modifications aren’t exactly saving the economy, status [...]
Archive for the ‘Uncategorized’ Category
Will Banks Finally Speed Up Short Sales?
Posted in Uncategorized, tagged New York short sale Realtor, New York short sales, Westchester short sale Realtor, Westchester short sales on January 4, 2010 | Leave a Comment »
Bad Blood Toward Bank of America
Posted in Uncategorized, tagged Bank of America, New York short sale Realtor, New York short sales on December 28, 2009 | Leave a Comment »
Russell Shaw passes on a powerful email being sent to agents on how to deal with Bank of America’s difficulty with short sales- don’t send them any new mortgage business. More thoughts here.
Short Sales
Posted in Short Sales, Uncategorized, tagged avoiding foreclosure, Dutchess short sale Realtor, Putnam short sale Realtor, Rockland short sale Realtor, Short Sales, Westchester short sale Realtor on January 9, 2009 | Leave a Comment »
A Short sale occurs when a bank accepts a lower price than the mortgage balance, allowing distressed homeowners to sell their home and satisfy the debt with no future obligation or deficiency judgment. J. Philip Real Estate specializes in these transactions, and I personally broker several per month. My first short sale was in the [...]
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