tag:blogger.com,1999:blog-1648075038962066400.post1820730156455764193..comments2023-10-19T17:02:11.847-04:00Comments on Bill Gassett's Real Estate Blog: What is a Short Sale?Bill Gassetthttp://www.blogger.com/profile/01270951004709650427noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-1648075038962066400.post-78324470052340896442011-09-24T00:16:32.244-04:002011-09-24T00:16:32.244-04:00Bill - with todays downfall on the DOW, I think we...Bill - with todays downfall on the DOW, I think we will see more forclosures and short sales. And this is not just affecting USA , Canada is hit badly too now.Toronto Real Estate Agenthttp://www.the-toronto-realestate.comnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-41079517483743905882011-08-10T14:26:40.619-04:002011-08-10T14:26:40.619-04:00Being able to get a short sale closed in this mark...Being able to get a short sale closed in this market is critical. Having the knowledge to get them to close is invaluable. Thank you for your great blog post.ann arbor real estate for salehttp://ann-arbor-homes.us//ann-arbor-real-estate-for-sale/noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-13188410996775534632010-11-12T06:25:25.949-05:002010-11-12T06:25:25.949-05:00I must say the main advantage of short sale is t...I must say the main advantage of short sale is that you’re safe from foreclosure, which damages your credit more than a short sale does. You don’t get to keep your home, as you do with a loan modification, but you limit the impact on your credit report and keep your credit options intact.ShortSaleSafehttp://www.shortsalesafe.comnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-25890847049859094372010-07-08T04:54:48.855-04:002010-07-08T04:54:48.855-04:00When selling your home and you know you are going ...When selling your home and you know you are going to be faced with a short sale make sure you choose to work with a good Realtor who has some working knowledge of short sale procedures!real estatehttp://www.usarealtyservices.comnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-14008104227506709822010-05-29T09:13:46.466-04:002010-05-29T09:13:46.466-04:00Things have really exploded in short sales. Agent...Things have really exploded in short sales. Agents that are not actively focusing on marketing towards short sale sellers and buyers are truly missing the boat.Drexel Hill Realtorshttp://www.realestatejon.com/drexel-hill-pa-realtornoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-13327895142834385432009-11-16T10:41:39.633-05:002009-11-16T10:41:39.633-05:00Excellent blog keep it upExcellent blog keep it upMississauga Real Estatehttp://www.chrisallen.ca/noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-8642546981079564502009-10-20T21:40:19.488-04:002009-10-20T21:40:19.488-04:00Darlene as a short sale buyer one of the most impo...Darlene as a short sale buyer one of the most important things you need to know is the time involved in getting an approval from the lender. Most short sales take months to get approval and in some cases can take up to a year. If you don't have the time to wait then a short sale would not be the type of property to get involved with. The short sale also may not get approved and you will have wasted a lot of time. I would make sure you have a good buyers agent that is familiar with short sales.Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-24811730722835818072009-10-20T18:34:59.235-04:002009-10-20T18:34:59.235-04:00What does a buyer need to consider in a short sale...What does a buyer need to consider in a short sale?DarleneHhttps://www.blogger.com/profile/12080363457451220859noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-35342420913850548342009-04-26T16:24:00.000-04:002009-04-26T16:24:00.000-04:00Luckily Toronto real estate market has not been af...Luckily <A HREF="http://www.freecondoguide.com" REL="nofollow">Toronto real estate</A> market has not been affected this much but short sales are also a problem, upscale downtown Toronto condos are affected too!Toronto realtorhttp://www.freecondoguide.comnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-43456583290018224212008-12-29T13:44:00.000-05:002008-12-29T13:44:00.000-05:00Jessica thanks for the compliments on my post abou...Jessica thanks for the compliments on my post about short sales:)<BR/><BR/>Toronto Uban Homes - You are correct the short sale is the end result of what has happened to many home owners who have purchased a property at the height of the market or can not afford the payments any longer. It is truly sad.Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-87741679189514339122008-12-29T12:58:00.000-05:002008-12-29T12:58:00.000-05:00It's quite amazing how this activity in the United...It's quite amazing how this activity in the United States has become somewhat commonplace. I think it speaks to the underlining uncertainty in the market, and the increasing volatility in some markets. Interesting article indeedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-81846058954408517262008-09-26T22:09:00.000-04:002008-09-26T22:09:00.000-04:00I was researching how to handle short sales in rea...I was researching how to handle short sales in real estate and came across your blog. Your post came up on page 1 of a Google search "real estate short sales". Thanks for your post and it looks like you are doing some amazing work up there in MA. Keep it up and good luck!Jessica Hickokhttps://www.blogger.com/profile/11847084417762521125noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-87608330836222007442008-09-02T09:25:00.000-04:002008-09-02T09:25:00.000-04:00Greg your right about banks getting more savvy whe...Greg your right about banks getting more savvy when it comes to accepting short sales. It would be great if the banks could get their act together when it comes to response time on offers. If this was improved Real Estate agents would be more willing to be involved with a short sale property.Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-19514610032737980592008-09-02T09:21:00.000-04:002008-09-02T09:21:00.000-04:00Short sales are an efficient way for the banks to ...Short sales are an efficient way for the banks to get bad loans off their books and for real estate investors to find good deals. Earlier in this foreclosure cycle the banks seemed reluctant to accept low ball short sale offers - and their loss mitigation departments were ill equipped to handle the process effectively. Now, it seems the banks have capitulated and realize that they are not capable of managing the inventory of REO properties they have foreclosed on. Short sales are the preferred option, but you need to know how to handle them - and the loss mitigation department, which can be a black hole sometimes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-74187156010179274772008-08-15T08:48:00.000-04:002008-08-15T08:48:00.000-04:00Property Brazil I am not quite sure I understand w...Property Brazil I am not quite sure I understand what you are saying? A short sale could be a good long term investment?Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-74034730991987170022008-08-15T08:18:00.000-04:002008-08-15T08:18:00.000-04:00HiI think short sale in not long term investment a...Hi<BR/><BR/>I think short sale in not long term investment and where an agent see the less benefit they sell their property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-77782690056422197792008-07-24T17:21:00.000-04:002008-07-24T17:21:00.000-04:00Elli you are right and the problem will most likel...Elli you are right and the problem will most likely get worse before it gets better.Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-83742163525389439142008-07-24T06:05:00.000-04:002008-07-24T06:05:00.000-04:00Short sale and foreclosure are the scarecrows of t...Short sale and foreclosure are the scarecrows of the contemporary US real estate market. I'm a <A HREF="http://ellidavis.com" REL="nofollow">Toronto real estate agent</A>. I've been keeping track of the recent developement in the states and I must say that it comes to as quite a surprise that the federal government waited so long to take decisive action in this matter. I guess the latest housing stimulation bill comes a few clicks too late for some former homeowners. Well, I hope that there will be an end to this trend.<BR/>ElliAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-73370149645898627282008-07-22T14:24:00.000-04:002008-07-22T14:24:00.000-04:00A knowledgeable person is key to success in short ...A knowledgeable person is key to success in short sales. Great post. <BR/><A HREF="http://www.shortsaleway.com/short-sales.html" REL="nofollow">Jonathan Christopher of Short Sale Way</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-21502165596466936332008-07-22T00:24:00.000-04:002008-07-22T00:24:00.000-04:00It seems like all I see nowadays are foreclosures ...It seems like all I see nowadays are foreclosures and short sales on the MLS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-19153995683923901842008-07-21T12:11:00.000-04:002008-07-21T12:11:00.000-04:00Jo it is a shame that it has become so common plac...Jo it is a shame that it has become so common place. There are more and more people who are being forced to go this route. You are right about having a Realtor who has some short sale knowledge. As you know these transactions involve more parties and typically are not easy.Bill Gassetthttps://www.blogger.com/profile/01270951004709650427noreply@blogger.comtag:blogger.com,1999:blog-1648075038962066400.post-55018291965698352872008-07-21T12:04:00.000-04:002008-07-21T12:04:00.000-04:00Bill, short sale sure has become the lingo in this...Bill, short sale sure has become the lingo in this day and age. There are a few in my market area and now with a new Law that Washington State has put into place which excluded everyone in a real estate transaction except real estate agents (will be changed in the 2009 legislative session) a real estate agent that is experienced in short sales is a must. I so feel for those that have to take this route. Your articles and blog posts show you have the expertise for your area.Anonymousnoreply@blogger.com