Tag archives for short sale property

New Software Could Prevent Short Sale Fraud

In an effort to remove the temptation for listing agents to offer lenders low prices on short sale properties so that they can turn around and flip the properties to higher bidders, a new software program has been released to cut listing agents out of the equation all together. The new business model will enable every buying agent to “bid Read full article »

REO and Short Sales Make Up Nearly Half of California Pending Home Sales

If you are buying real estate in California, the odds are almost fifty-fifty that you are putting money down on some sort of distressed property, be it real estate owned (REO) property or a short sale home. According to the California Association of Realtors (CAR), around 48 percent of pending home sales in California are REO or short sales, with Read full article »

VA Instructs Mortgage Servicers to Pay Relocation Assistance on Short Sales and Deeds-in-Lieu

If you have a VA loan and find yourself in the position of needing a short sale transaction or having to “turn in your keys” to the lender holding your loan, that lender will now help you move out of the house that you are leaving behind. The Department of Veteran Affairs announced today that its mortgage servicers will be Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.