Who Pays the Commission on a Short Sale

On February 1, 2012 By

A common question.  I’ll do my best to answer it for you.

When a real estate transaction closes, there is a document created called a HUD-1 Settlement Statement.  The HUD-1 is a spreadsheet of sorts that outlines the flow of money for the two parties involved in the transaction.

Who are the two parties?  The buyer [...]

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The Short Sale Counter Offer

On October 14, 2011 By

You may want to read this article before continuing so you have some context for the information here.

Since the buyer and seller are in the drivers seat concerning the terms of a real estate purchase contract, and the bank is simply a 3rd [...]

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The Basic Short Sale Process

On October 1, 2009 By

Handling a Short Sale for a client is a very complicated and detailed process, but at its core, there are only a few basic steps involved.  The real success of the Short Sale is attributed to the experience level of the agent representing the seller.  If they don’t know what they’re doing, it’s [...]

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Beating the BPO on a Short Sale

On August 26, 2009 By

The BPO is the Broker Price Opinion.  It’s an opinion of the value of a home by a licensed real estate agent, not by a certified appraiser.  Before any home goes on the market, your real estate agent will conduct a Market Analysis of your home, neighborhood and neighboring sub-divisions.  He or she will recommend [...]

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What Exactly is a Short Sale?

On July 22, 2009 By

I was shocked to search my own website for the term “What is a short sale” only to find no results.  How could that be?  I’ve written a bunch of stuff on short sales.  Well, I’m solving that little problem right now with yet another basic post on the definition of a short sale.

What [...]

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We Don’t Own the Data

On November 25, 2008 By

Arizona Regional Multiple Listing Service made a recent change to their policies and their data.  There were, on the records, about 4750 active listings that had been entered with a checked field.  That field was labeled Lender/Corp Approval which was thought by many to be the best option when entering a short sale into the [...]

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