Comments on: Washington Post: Short Sale Bank Approvals Easier, Faster Than Ever?

By: Banks Becoming more Short Sale Friendly | Triad Home Buyers of NC

Banks Becoming more Short Sale Friendly | Triad Home Buyers of NC — Sat, 22 Aug 2009 12:17:15 +0000

[...] Great news from the “Washington Post”. This info comes from my JP Moses of REI Tips. Banks/lenders are actually starting to play ball with investors. Short sale acceptances rose [...]

By: Matt K

Matt K — Sat, 25 Jul 2009 16:05:04 +0000

Our short sales are still taking a while… but it’s good to see that some lenders are working on speeding up the process.
.-= Matt K´s last blog ..39 Brooks St, Springfield MA =-.

By: Matt K

Matt K — Sat, 25 Jul 2009 16:05:00 +0000

Our short sales are still taking a while… but it’s good to see that some lenders are working on speeding up the process.
.-= Matt K´s last blog ..39 Brooks St, Springfield MA =-.

By: Mz Ronny

Mz Ronny — Thu, 16 Jul 2009 21:09:08 +0000

I think that this is great. I am new to REI and I am learning about short sales which is what I plan to get into. Right now I’m almost ready to get started … still learning. This is just great news and I hope it doesn’t create too much comp for me.

By: Mz Ronny

Mz Ronny — Thu, 16 Jul 2009 21:09:00 +0000

By: Mike Bridges

Mike Bridges — Thu, 16 Jul 2009 02:48:32 +0000

Tony Arko states that you may be able to get a 10% discount from lenders but not 20 % or 30%. That just isn’t true! My company bought 28 properties within the last 18 months and most of them were short sales. Our discount was in excess of 30% on all of them including paying $199,000 for a $303,000 (appraised value) property with absolutely no repairs needed. If you can’t get at least a 30% discount then you need to learn how to make short sale offers.

By: Mike Bridges

Mike Bridges — Thu, 16 Jul 2009 02:48:00 +0000

By: Thos

Thos — Thu, 16 Jul 2009 01:07:45 +0000

I’m glad investors who slog through proper full doc short sales get properties for a lot less than the 10% under market value the article claims is the best it gets!

By: Thos

Thos — Thu, 16 Jul 2009 01:07:00 +0000

I’m glad investors who slog through proper full doc short sales get properties for a lot less than the 10% under market value the article claims is the best it gets!

By: Rebecca

Rebecca — Wed, 15 Jul 2009 23:27:28 +0000

I think it is good for investment businesses. and gives the homeowner another way out with some grace and the banks get something out of it. Everyone involved gets something out of the deal.