Real Estate Short Sale Guide

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20 to 25% Under Loan Amount Reasonable?

The only way to determine the amount of the offer is to look at the FMV (Fair Market Value) for a home, area and neighborhood, including the square footage and ... Read more..

Steps to Buying Short Sales

Foreclosures are pretty well known but short sales are a new word used by a lot of people buying or selling nowadays.  A short sale is when a lender accepts ... Read more..

Can PMI Ruin a Short Sale Offer?

PMI isn't really talked about in the short sale arena too often, surprisingly.  This one little thing, could actually turn a short sale upside down.  Why? Even when getting an accepted ... Read more..

What is a BPO?

BPO stands for Broker Price Opinion and is a method that a real estate broker determines the value of a property.  The value is submitted in a BPO report ( ... Read more..

Why Do Banks Take So Long?

It seems that the most common complaint today with short sales, is why does the bank take so long?  This question is heard over and over with Realtors and homeowners ... Read more..

What are Short Sales?

What are short sales? A short sale happens when a homeowner needs to sell the property for less than what is owned.  The net proceeds of the sale are then not ... Read more..

What You Should Know About Short Sales

Lately, many homes listed are for sale as a short sale or foreclosure.  There is a big difference between these two purchases and the process of purchasing a home. First of ... Read more..