Short Sales Might be Getting Easier (maybe)
Short sales still comprise parts of the Charlottesville area real estate market; in some segments they are a greater percentage, in others they are nearly nonexistent. I'm sharing this information with you so that you can be as well informed as possible. Short sales remain…
A (Congressionally Mandated) Faster Short Sale Decision on the Horizon?
Uncertainty is the enemy of the market; many buyers refuse to look at or consider short sales because short sales can take so long. Some sellers go to foreclosure rather than short sell - because the foreclosure process can be more expedient. Maybe Congress can…
Should Realtors Disclose if They Haven’t Represented a Short Sale?
Should Realtors Disclose if They Haven't Participated in a Short Sale Transaction? I thought of this question last week while contemplating the molasses-like pace of Realtor politics and maneuverings ... does a Realtor have an obligation to disclose to a potential client if they have…
Charlottesville Short Sales and Listing Agents’ Responsibilities – Part 1
A question for Jim Duncan...regarding the possibility of a short sale, does the listing agent have any responsibility in determining if a listing could be REASONABLY be a short sale? Like asking the sellers about how much is owed on current liens, etc? If so,…
Learning About Short Sales
Our local Realtor Association is holding a lunch tomorrow on short sales, which are becoming more and more of an issue in the Charlottesville market. Despite staff's marketing the lunch quite effectively to the membership, only seven Realtors (now eight, including me) have signed up.…