Updated Short Sale Approval Letter Samples
August 10, 2010 by Matt Newman · Leave a Comment
Please visit the Short Sale Approval Sample Page to view recently updated short sale approval letters. We have added some recent approvals from CitiMortgage, SunTrust and Bank of America. We are in the process of adding additional letters from RBC, Chase, Regions and several other lenders. If you are someone you know is facing a [...]
August 2010 Short Sale Update
August 9, 2010 by Matt Newman · Leave a Comment
2010 has been a busy year for us with short sales really dominating the market. We have successfully closed short sales this year with most of the larger lenders such as CitiBank, Chase, Bank of America, SunTrust and many more. In addition, we have worked with several local banks and credit unions. Every situation is [...]
Short Sale Approvals!
April 14, 2010 by Matt Newman · Leave a Comment
Great news today on the short sale front. It seems that every short sale I am working on is making progress. I am happy to announce several recent short sale success stories. 1.) Received an approval on a First Franklin mortgage in less than 20-days, yes calendar days! We were assigned a negotiator within 24-hours [...]
Changes for Buyers of Short Sales in Atlanta
January 28, 2010 by Matt Newman · Leave a Comment
One thing in real estate that is constant is change. Our primary MLS here in the Atlanta Metro, FMLS, has released a series of changes that will impact how buyers and real estate agents search for short sales. The new options that have been added to listings are: 1.) “possible short-sale” or 2.) “short-sale approved” [...]
Short Sales will dominate in 2010 and beyond across North Atlanta
January 26, 2010 by Matt Newman · Leave a Comment
Today’s release of the S & P Case-Shiller Index justifies that any recovery in the Atlanta housing market is only slight and that short sales will be the story for 2010 and beyond. The numbers released today show an equivalent home price value to what we last saw in June of 2001. Most homeowners that [...]
Here is Fannie Mae’s take on short sale flipping
December 25, 2009 by Matt Newman · Leave a Comment
Fannie Mae has published this information about short sale flipping. The information gives tips to lenders (both short sale lenders and buyer’s lenders) on how to identify and stop short sale fraud. Again, this document further proves how vital it is to work with honest and reputable short sale experts when dealing with a potential [...]
Metro Atlanta Short Sale Fraud
December 23, 2009 by Matt Newman · Leave a Comment
With short sales becoming so prevalent in today’s real estate market, criminals have found new ways to take advantage of the situation. It is the same scheme that took place during the housing boom when prices where rising rapidly, only now it is reversed and geared toward these changing real estate times. Unfortunately, these folks [...]
Short Sale Approvals
December 22, 2009 by Matt Newman · Leave a Comment
My team has been handling short sales for several years, this is not a niche we have just jumped into recently. We have been successful at obtaining short sale approvals in many neighborhood across north Atlanta well before the market softened. Some of our recent short sale successes include: Laurel Springs Creekstone Estates Abbotts Mill [...]
What is in store for Short Sales in 2010
December 21, 2009 by Matt Newman · Leave a Comment
Short sales have been around for many years but only the recent housing bubble burst has resulted in such real estate transactions becoming so common. Estimates have been that around 50% of all home sales are so called “short sales”. For those new to the concept, basically a short sale means that a seller/homeowner is [...]
Winter 2009/2010 Short Sale Update
December 18, 2009 by Matt Newman · Leave a Comment
My team is currently working several short sale files on behalf of our clients. SunTrust Bank seems to be overwhelmed with short sale requests at this time. A few files are taking more than 60 days from the date they were submitted just to have SunTrust order the BPO (their internal opinion on value). Meanwhile, [...]
