‘Short Sale’ Category

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

Posted on: March 09, 2012

Could we possibly see the short sale process speed up? If Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) get their way, that just might happen.  The bill, known as the Prompt Notification of Short Sale Act, addresses the issue of short sales timelines and was proposed on February 17.  A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval. The bill will require ... (Read more)

Short Sale Success Story in Glenwood Green

Posted on: June 07, 2011
Glenwood Green Condo Community

Short sales are a big part of today's real estate market.  Unfortunately, many sellers are upside down or in a tough financial situation.  A short sale is often their best or only option.  You can read more about how they work on our Short Sale Page. From a buyer's standpoint, short sales have the reputation of being long, drawn out, and difficult.  They got this reputation when sellers first started attempting them with regularity a few years ago.  ... (Read more)

First Time Homebuyer Series – Part 5B: Short Sales

Posted on: March 11, 2011

In Part 5A of our First Time Home Buyer Series, we talked about bank owned properties, which are commonly called Foreclosures. In this installment, we will look at another type of "distressed property" - Short Sales. A short sale is when the seller is trying to sell the property for less than his mortgage balance. Therefore, he is "short" on his mortgage and is asking the bank to take a loss in ... (Read more)

Know Anyone Looking for a Deal??

Posted on: December 22, 2010

If you've ever asked me, "Do you know of any good deals out there?" then I want you to see my newest listing in Grant Park - a townhome short sale that is listed at $45,000! If you know someone that wants to be intown, in a newer construction home, that's easy walking distance to Grant Park, and likes to keep living expenses WAY down, then check out more details below. 1066 Park Row - Pics and More Info

Jarrod Thomas is a Certified Distressed Property Expert

Posted on: December 02, 2010

Jarrod Thomas is coming up on his 4 year anniversary with Team Rich Richardson. He also just completed rigorous training to become a Certified Distressed Property Expert. Real estate professionals with the Certified Distressed Property Expert (CDPE) Designation have trained extensively to understand the options, solutions, and effective methods for dealing with homeowners facing hardships. You can read more about his training at http://www.cdpe.com/.Over the years, we have worked with dozens and dozens of home buyers to help them ... (Read more)