Mike Bridges's (mikebridges) Blog

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Mortgage and Lending - Piney Ridge Properties LLC
RECENT BLOG POSTS
First and foremost, happy holidays to each and every single one of you! This is the month where we all get busy with family, friends and festivities. It’s tough to stay on track with our business when we’re preoccupied with running to the mall to grab those last minute deals, making appearances a...
12/21/2010
Suppose you are contacted by a seller who is adamant about doing a short sale and during your Q&A you find out that they can actually still afford their payments. How would you handle that situation? Has it happened to you already? I’d like to know what you said and if you continued with the tran...
12/14/2010
Let’s just get to the point right away – Agents working with investors is often a love/hate relationship. You know it and I know it so we’ll get to the bottom of the issue and push all the blame of this stinking reality on lack of communication. Agents and investors look at transactions in differ...
12/03/2010
One of the first questions I get asked from short sale sellers is how a short sale will affect their credit report. While I understand their concern, it is important to help them understand that the short sale itself isn’t necessarily what may damage their credit score. When the dust settles, the...
12/03/2010
I’m usually ready for unusual calls from sellers who contact me to do a short sale and I’ve had many, shall we say “lively” conversations with sellers. Most are of the mundane variety but a few turn into rants about their lender or the circumstances leading up to their default. Occasionally I’ll ...
12/01/2010
The reality is that the current market is a strain to everyone and every entity touched by it. Not only are defaulted home owners suffering the consequences of losing their home but so too are their neighbors and the municipalities where the house is located. It’s easy to forget that local govern...
11/30/2010
Since I network with dozens of short sale experts, the conversations always begin with examples of their successes then take an abrupt turn to discussing their near misses, almost had, and down right complete losses. Of course I throw in my stressful experiences and it all makes for fun and laugh...
11/29/2010
Getting your short sale offers on a “fast track” seems to be a buzz phrase to push lenders into making their decisions quicker. The obvious intent is to shorten the process so that houses get on the market quicker and the seller can move on with their lives. Unfortunately, the best of intentions ...
11/29/2010
We all know that the best way to generate short sale leads is to go directly to the source. In judicial states, that source is the county Recorder’s office and in non-judicial states you’re looking at publications or Trustee websites for the information. You know to expect referrals from past sel...
11/23/2010
These are trying times for real estate agents and the investors that they work with. There are a horde of misinformed and down right malicious people who place a cloud of deception over the legitimate business people seeking to help home sellers avoid foreclosure. Recent media attention to those ...
11/23/2010
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