Jamie Batte's (bizybroker) Blog

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Real Estate Agent - Short Sale Specialists
RECENT BLOG POSTS
One of the biggest problems in the Short Sale market is buyer loyalty.  So many buyers write on a short sale but continue to look for homes.  Once they find something else...they terminate their purchase agreement on the short sale.  This creates huge problems for both the distressed home owner ...
01/25/2011
There are in fact certain steps that must be taken to obtain a successful short sale.  To learn what they are and more invaluable information regarding short sales...go to www.shortsaleauthority.net to get a free copy of our book "Home Owner's Guide to Real Estate Short Sales."  Serving Medford, ...
12/23/2010
The answer is possibly depending on your lender.  However it is something that can be negotiated.  Depending on your situation, most lenders have not been requiring them.  My experience is if you have mortgage insurance you have a higher chance of you lender requiring a promissory note...well act...
12/23/2010
I get called by clients all the time asking me the very question.  Their lenders are relentless at calling them...bugging them for money.  And what makes it even more annoying is that most of the time you get a call and then have to wait forever for someone to actually start talking because their...
12/23/2010
  To Whom It May Concern: I am writing this letter to explain the unfortunate set of circumstances that has caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet. But unfortunately, we have fallen short and would like you to consider working with u...
12/21/2010
12-21-2010Tax Consequences of a Short SaleIf the lender agrees to your short sale, in some cases the lender may possess the right to issue you a 1099 for the shorted difference, due to a provision in the IRS code about debt forgiveness. Many situations are exempt from debt forgiveness according t...
12/21/2010
Qualifieing for a Real Estate Short Sale isn't difficult.  If your home is worth less than you owe, you have a financial hardship that has affected your ability to pay for your mortgage you most likely qualify for a short sale. Now...it is important to understand what qualifies for a financial ha...
12/17/2010
I recently ran into someone who was told that their lender would not allow a short sale.  This seemed very odd to me as they seemed to meet all of the requirements of a short sale.  They had a huge drop in income...their property was way under water...they had a legitimate hardship. What happened...
12/17/2010
Yes...this is a true story.  The sellers of the property has asked that their name name not be mentioned.  When the sellers went to sell their home...their home that was now about $250,000 under water...not to mention the 1,000's of dollars that was spent of their own money into the home...they ...
12/17/2010
Why is my Loan Modification Taking So Long: It is unclear how long it is supposed to take lenders to modify loans (or deny modifications) but many home owners are being forced to wait for months without any word except that their lender needs more information. In many cases, homeowners have been...
12/16/2010
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JamieBatte

Short Sale Specialist
local_phone(541) 890-1089
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