Posts tagged as:

short sales

Webinar: How to Avoid Short Sale Surprises

by Scott Schang March 1, 2010 Live Webinars

Topics We Will Cover in This Class

Just the Facts – Understanding Short Sales
Why Short Sales Suck
How Lender Greed Can Kill Your Offer
Why Short Sales will Dominate the Market in 2010
What is Shadow Inventory and Why it’s Important
Why Home Prices Maybe Be Dropping Again Soon
Trick for Making More Competitive Offers
How to Find the Best Short Sale [...]

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Buyers Beware: I Suggest You Give Up Your Rights

by Scott Schang November 24, 2009 Buyers Beware!

This is a “Multiple Offer Disclosure” that a home buyer received yesterday by way of email.
I’m not completely sure as of this point whether or not some of the information in this disclosure has been approved by the seller or the seller’s attorneys. I suspect not.
It almost just seems to me that the listing agent [...]

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Slide Show: A UPDATED Guide to Buying Foreclosures and Short Sales – Shadow Inventory Discussion

by Scott Schang November 17, 2009 Market Updates

Updated insight into buying foreclosures and short sales.
Understand what a short sale is and why it’s such an unpredictable way to buy.
Foreclosures typically require the buyer to compromise or give up many of the rights provided in the purchase contract – learn what to watch out for and how to protect yourself so you don’t [...]

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How to Buy Short Sale and Foreclosure Homes in California

by Scott Schang November 10, 2009 Market Updates

Short Sales (Short Pay) – I have this conversation on a daily basis with potential home buyers looking for a great deal. Usually it’s a call or an email that goes something like this: “Can this be true? There must be something really wrong with this property because this seems like it’s priced way too [...]

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What the heck is “Shadow Inventory” and why it might drive Home Prices down

by Scott Schang September 28, 2009 Market Updates

If you do a google search for “Shadow Inventory” you will find that it is rumored that there possibly exists a HUGE wave of foreclosures and pre-foreclosures due to hit the “market” in the next couple of years.
Part of the reason is the result of the recently lifted State and Federal foreclosure moratoriums. [...]

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What you need to know about buying short sales in California

by Scott Schang June 19, 2009 Market Updates

I originally wrote this post in April of 2008. Most of it is still very true, even with all the changes in the market. This is still a good primer on understanding short sales.
It seems lately that most properties listed for sale are short sales (short pays) or foreclosures. There is a very big [...]