Patrick James's (ptboxman) Blog

So is it immoral to strategically short sale your home or stop paying your mortgage when you can afford it? Is the moral obligation to repay your mortgage debt greater than the moral obligation to provide financial stability for you and your family? If I was forced to choose my family or my bank...

The answer to this question depends on your situation, but there have been several occasions where I have had to tell a Connecticut homeowner that I can not help them complete a short sale in Connecticut. Here are a few basic guidelines for when a short sale is less likely to be approved. There ...

This short sale is proof that no matter how much we have our affairs in order, sometimes these deals just take longer than they should because of bank incompetence. We had a contract within the first 60 days on market, and had a quick counter offer from the first lienholder for the short sale, N...

Fantastic in sight on what not to do when considering writing an offer on a short sale.  My hat's off to Anna on a fantastic, well written blog. This applies everywhere, not just in Phoenix. We get these calls all the time here in Connecticut!Low Ball offers on Phoenix Short Sales Ok folks listen...

Sometimes short sales are just painful. This was one of those instances. Shortly after we listed, Bank of America sold both of my client's loans. The first to Nationstar and the second to Greentree. This caused some additional paperwork on our part, refilling out authorizations and financial doc...