Short Sale 101 
Joshua Keen, certified distressed property expert, provides insight and analysis on all things short sale.
There are currently 3 blog entries related to this category.
Lien Release vs Full Satisfaction
Wednesday, November 2nd, 2011 at 12:45pm. 369 Views, 0 Comments.
Lien Release vs. Full Satisfaction in Short Sales
When buyers purchase real property, they, and the title company insuring title, will ensure that the property is conveyed free and clear of all liens. When your lender agrees to a short sale, they are agreeing to release their lien(s) from the property for less money than what is owed so the property can be sold. So whenever a property is sold in a short sale, the lien is released from the property. Yet the lender generally has two choices.
Lenders can either: 1) Release the lien and declare the debt paid and settled in full (called a "full release and satisfaction") or 2) Release the lien only from the property and still consider you personally liable for any unpaid balance of the loan ("lien…
Housing Crash Hits Atlanta Hardest
Monday, February 14th, 2011 at 1:47pm. 541 Views, 0 Comments.
From David Leonhardt at the NY Times Economix: Seattle’s Foreseeable Housing Bust. This is a follow-up to David Streitfeld article: Housing Crash Is Hitting Cities Thought to Be Stable
Leonhardt writes:
When we last listed the price-to-rent ratios in major metropolitan areas, Seattle’s was near the top of the list. Only in the Bay Area of Northern California and in Honolulu were house prices higher, relative to rents.A sky-high price-to-rent ratio is perhaps the single best sign that an area is in a housing bubble. Real-estate agents, homeowners and even home buyers can tell a lot of stories to justify the bubble — stories about central cities or good school districts being immune to bubbles — but eventually people will realize that renting is a…
The Second Wave
Tuesday, September 21st, 2010 at 11:01am. 390 Views, 0 Comments.
It's a testament to the quality of 60 Minutes that nearly 2 years after it was first recorded in December of 2008 this 12 minute prediction of what will come to pass has ... well ... come to pass.
We're entering the 4th quarter of 2010 and we are, without a doubt, heading right into the second wave of the Atlanta Foreclosure crisis.