Rodney McNabb's Blog

For the legions of homeowners facing foreclosure proceedings, the prospect of selling their home with a short sale can only be a source of hope. Real estate short sales in Raleigh is not an ideal solution to one's mortgage problems, to be sure, but it can prevent foreclosure and allow a homeowner...

Every MLS system is different, so short sale listings aren't always evident. There seems to be a movement toward identifying short sale listings because of commission disputes. When Raleigh real estate agents fight over money, systems are often immediately put in place to keep disputes from happe...

Did you know that Raleigh foreclosures and Raleigh short sales actually go hand in hand, tied at the hip so to speak. This is because amid the current crisis of the Raleigh Real Estate market and the home loans crisis—which is putting many lenders out of business all together—foreclosures and sho...

Due to the current real estate crisis, the Raleigh real estate market has been flooded with short sale  homes. These short sale homes can be had by smart investors for a very low prices. In fact, many Raleigh real estate investors are looking to purchase short sale homes as long term investments....

There are many Raleigh homeowners looking to desperately prevent foreclosure of their Raleigh home. There aren’t many options that people can take to prevent foreclosures in Raleigh, but doing a Raleigh short sale may save a home from being foreclosed. The first thing homeowners should do to prev...

Here are 10 frequently asked short sale questions that are very helpful especially if you are just getting started or considering short sales in Raleigh as a means to acquiring pre-foreclosures. 1. What happens to the seller's credit rating when they allow an investor to short sell their property...

Ok, so you've received the Raleigh short sales requirements from the lender and you've made friends with the loss mitigation's rep that's assigned to your potential deal. Next, you are now ready for the lender to order a BPO on the property. Notice that I emphasize "you", this is because I don't ...

Given increased defaults and declining property values in certain locations, the mortgage industry is experiencing an increase in short payoffs, sometimes called short sales. In fact, over the last two years, short payoff volume at Freddie Mac has grown more than 1,000 percent (2007-2009). This u...

Anyone who has ever profited from doing short sales in Raleigh has also without a doubt had one or two rejected at some point. Guess what? It is just the nature of the beast…As with all types of sales you’re playing a numbers game. There are very Raleigh Realtors who truly know how to successfull...

Many of the Raleigh homes that you come across will have two mortgages with two separate banks. If you are just getting started, I strongly recommend that you target properties with single mortgages. Negotiating one mortgage is always easier because a second mortgage means that you are now respon...