Sentences with phrase «completing short sale transactions»
On April 14, 2012, Bank of America will implement new procedures for completing short sale transactions through the Equator platform.
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If the answer coming back on this one is the Realtor is going to be representing the seller you MUST find out if they have ever successfully completed a short sale transaction before.
Therefore, a completed short sale transaction includes all lienholders accepting less than what is owed to them.
You were able to put my mind at ease about the entire process, and made me feel confident that we could complete the short sale transaction.
Not exact matches
Closing A Short Sale Short sales can easily take two to three times longer to complete than a traditional real estate transaction.
Renee — You are wise not to take on short sale transactions without having a complete understanding.
If you decide that a short sale is right for your situation, it's important to understand that you will need to complete the transaction before the end of the year if you want to... Continue Reading — >
You want a buyer that is willing to wait the time it takes to complete a short sale and also go ahead with completing their responsibilities just like any other real estate transaction.
Shannon — I hate to see anyone in financial difficulties but actually like short sale transactions:) They are easy to complete if you know what you are doing.
Short sales can easily take two to three times longer to complete than a traditional real estate transaction.
Acquisition of discounted investment property through: (i) a foreclosure auction, (ii) a bank's sale of bank owned property («REO property»), or (iii) a short sale may present a great buying opportunity in today's real estate market, but these transactions present unique challenges that should be thought through well in advance of the acquisition if the acquisition is intended to complete a tax deferred exchange through your qualified intermediary («QI»).
With the continued development of its online transaction portal to communicate with borrowers and authorized 3rd party advisors, Bank of America has taken steps to reduce the amount of time to complete short sales by performing underwriting and valuation tasks while agents collect required documentation.
«More must be done to streamline short sale transactions, since many potential home buyers are simply choosing to walk away from transactions due to the length of time it takes for lenders to approve and complete these sales.»
Expanding the focus of the company to include wholesaling, rehabbing, new construction, rental properties, and short sale mitigation, AARE has since completed over $ 70 million in closed real estate transactions, including more than 170 rehabs and rebuilds with multiple active projects currently in process, and manages over 50 rental units in New England, Pennsylvania and Florida.
However, Price says that even a short sale doesn't put borrowers in the clear since it can take a long time to complete such transactions and increase the chance of a foreclosure.
Shannon — I hate to see anyone in financial difficulties but actually like short sale transactions:) They are easy to complete if you know what you are doing.
This will likely be the case again in May as many of April's new «pendings» are lingering or new short sale transactions that may take six weeks or more to complete.
Plus, more than 15 percent of the real estate professionals surveyed said the lender foreclosed on the home before the short - sale transaction even could be completed.
Two lending giants are reportedly offering some home owners who are behind on their mortgage payments a cash reward to complete a short - sale transaction.