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President’s Corner ‘Short sale’ can help underwater homes, but it’s not for everyone

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Welcome to the discussion.

1 comment:

  • Aaron Ayotte posted at 1:02 pm on Sun, Apr 3, 2011.

    Aaron Ayotte Posts: 1

    Good article, Kerry! The only objection I have is that a real estate lawyer is required. Although I understand that due to the confusing nature of short sales, homeowners may want to consult with an attorney, and we don't discourage that. However, we have found that most attorneys don't have a clue how to do a short sale. Their expertise lies mainly in the law of real estate, not in the inner-workings of a short sale, the specific details of timelines, what's "normal" and what's not, and the difference between how an FHA short sale, HAFA short sale, and a conventional short sale are completed (they are greatly different), etc.
    Our company has negotiated literally hundreds of short sales in Central Texas for Realtors (who didn't want to do the extra work, but still wanted to help their client) and homeowners in total financial distress - all totally "above-board" and without the added expense (and often, confusion) of attorneys.
    Hey, if you know an attorney that totally "gets" short sales, then great. But most don't and will still charge high fees just the same.

New energy program helps homeowners

The Lodi Association of Realtors in partnership with the California Association of Realtors Housing Affordability Fund and green home contractor Greener Solutions has just announced a new energy program starting Jan. 1, 2015.

Posted: January 23, 2015
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