ypn default feature image

Why I Love Being on the Buyer’s Side in a Short Sale

Blog Contributor Business Challenges, Buyers, Sales & Marketing, Short Sales & Foreclosures 8 Comments

By TG Gallaudet Wait…I’m totally lying. Is there anything more painful? 🙂 It’s no mystery that short sales can be really tough because of all the variables involved: * Unclear timelines from the bank. * Undisclosed liens. * Back HOA expenses the bank won’t pay. * Non-straightforward buyer. * Inexperienced listing agent. * Cash contributions (increasingly more and more). * …

ypn default feature image

Time to Brush Up on the Fees and GFEs

Blog Contributor Being a Broker, Business Challenges, Code of Ethics, ethics 6 Comments

By Nobu Hata With the down market and the inevitable mass exodus of “those” loan officers, you’d think we could rest easy knowing that the loan officers left would be – for lack of a better word – decent. Holy Hannah, would we be wrong. In the last couple weeks, I’ve had various buyers shop their loan around, including those …

ypn default feature image

Working With Short Sales: Too Much Junk in the Trunk! Try These Navigation Techniques

Melissa Tracey Business Challenges, Short Sales & Foreclosures, Working with Clients 1 Comment

By Dave Robison A short sale would have you think it’s going to be a quick and short closing. The problem is they all have too much Junk in the Trunk. In a race, their tail end is dragging along the ground, which makes the vehicle go about as slow as my kid in a wagon. Here are two examples …