Tips for negotiating the BIG short sale changes of 2010

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Uploaded by on Feb 8, 2010

http://www.allianceshortsales.com/
Many real estate agents are aware of the many changes coming to the short sale industry April 5, 2010. The changes have to do with the Treasury Departments Home Affordable Foreclosure Alternative directive. The directive is a part of the Making Home Affordable program and has been made secondary to the Home Affordable Modification Program released in early 2009.

Unfortunately, after extensively researching the new initiative, I have yet to find a clear explanation of what I believe to be the most important change in that directive as it affects you, the real estate agent. No one else seems to be warning you that not being aware of the inside track regarding this change is going to be detrimental to your business. You could easily waste your time and your marketing money. There is even a possibility that you could lose your listing entirely—and with it, the potential for any money from that listing!

Learn the tips you need to know and adjust your short sale business accordingly.

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  • What is a modification? I am currenlty in a short sale "offer" since 1/1/2010 and Chase is countering higher than our offer/listing price. Do you offer assistance/help ot our realtor/the listing realtor?

    Does offering cash help close a deal?

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