Posts tagged as:

real estate short sale

Government to push banks for more short sales

The Treasury Department spent 2009 pushing banks to modify mortgage payments so that distressed homeowners would not be displaced. Next month, the government will start a program encouraging owners and banks to sell some of those same homes.

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Realtors want short sale answers now!

by Moe Bedard

CINCINNATI — A backlog of unprocessed deeds has frustrated buyers of foreclosed homes, and realtors stormed the Hamilton County commission meeting Wednesday to demand answers.

Jackie Sheridan hopes to buy a 4,000-square-foot home in Terrace Park, but it has stood empty for six months due to the county’s backlog.

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Short Sales and Arm’s Length Transactions

by Moe Bedard

One of the key problems with a short sale is making sure the buyer is an unrelated party; “an arm’s length transaction”.

I’m aware of a property being offered as a short sale in SoCal where the agent is the wife of the owner, and she has been, uh, unhelpful to some prospective buyers. I just [...]

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