Real Estate Business Mentors

Foreclosing banks lose everything! By Bob Lachance If I were to ask you what you thought was one of the biggest causes of short sales failing, what would you guess?  No buyers?  A high BPO or appraisal?  While those challenges can certainly kill a short sale, they usually aren’t the leading causes.  Perhaps the biggest [...]

With BILLIONS of dollars set aside to help homeowners who are facing hardship with homes that are “underwater”, the Government’s new plan is designed to prevent a tidal wave of foreclosures.  The question is “will it”?  Will it affect the number of homeowners who will need a short sale?  The plain and simple answer to [...]

One of the most important factors of completing a short sale successfully is Managing Seller Expectations. Whether you are a real estate agent or a real estate investor, upon initial contact with a potential seller, you must set proper expectations up front! What I mean by that is you need to immediately let them know [...]