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We know the foreclosure activity picked up. We also know that we have brisk activity when writing offers, many times, at a multiple-offer situation. So it wasn't a shock to see this headline that talked about repossessions in the Bay area soaring. Read the storyIn the Bay Area, mortgage companies recorded 18,516 notices of default, up more ...

Lenders appear to be standardizing on what they want the property owners and their realtors to provide when submitting a short sale package for consideration. Here's the latest list of requirements I received from a lender. What's different about this from the other packages is that this requires information on activities realtors ...

I submitted an offer on a short sale listing last week. I thought it was a strong offer --- full price, 10% down payment, 1% initial deposit, AS IS, standard contingency periods. When I followed up with the listing agent to find out what the seller would like to do --- accept, counter offer or reject --- it appears she bypassed the seller. She ...

No matter how many times you try to explain what a short sale is and what is involved, it is always a good idea to set expectations at the very beginning. Then follow up with a written explanation -- be it an outline, an email, a question and answer ---- anything that the Buyer can refer to because invariably, there will be some ...