Senate Bill 931 went into affect this week... but so many agents are still unclear as to how it changes the way short sales are handled in California. In order to understand what SB 931 does for short sales, we need to look at WHY this law was written and what laws currently exist regarding home
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01/06/2011
Wouldn't you know it... Short Sales, even with an offer 15% below the banks 'BPO' value, will still net them MUCH more than a foreclosure/REO. This is a screen shot from a spreadsheet that was 'accidently' sent to one of my SSG agents by a bank negotiator from a top 10 lender... for the sake of n
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01/06/2011
Wow! I was shocked and amazed (ok, not really) to hear that only 661 HAFA short sales had been approved from April-December 2010. Our SSG members alone closed more short sales, just in December, than were closed through HAFA in 2010. That's sad... for homeowners and the failed government progr
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01/06/2011