On this week’s PFDG “Tip of the Week” we break down the latest changes on how fast short sale transactions are taking, from the inception of your short sale package all the way to the short sale acceptance letter, from some of the biggest lenders and investors that are still around today! Listen in as we tell you not only how long the short sale process is now taking, but also how bank audits are effecting what is needed in our short sale packages. We’ll also cover why informing buyers, sellers, real estate agents, and attorneys that these changes will affect our closing times is crucial, and is a “DEAL SAVER,” and also an update on our new and improved CRM (or Small Business Workspace) FinerSolution.com, and much more.

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into what HFC Beneficial is putting on their short sale approval letters that could kill your short sale closing and how or if you can get that verbiage taken off! Listen in as we not only cover this important “tid bit” of information about HFC Beneficial but also cover who CitiMortgage is using as one of their 2nd mortgage Debt Collectors, why it is important to know how much a 1st mortgage lender will allow a junior lien holder. Plus the latest update with our end buyers’ lenders regarding the inspection and appraisal process and more.
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This week’s PreForeclosureDailyGrind.com video covers how to get a short sale acceptance letter amended and how to make sure it says what your Title Company wants it to say in order to get title insurance. Whether you are an investor and your intent is to buy and flip or you are an agent and your intent is to work the short sale for a commission you will need to watch this video! For more videos visit www.PreForeclosureDailyGrind.com and to ask real estate questions visit www.AskBobLachance.com.

This week’s PreForeclosure Daily Grind video will give you some great inside information on why and how banks access and calculate what they are willing to take in their pockets in order to accept a short sale. This video is focused around the 2nd lien position and we got this info from a Recovery Departments Supervisor. Also, we announce our ManageMyShortSale.com Newsletter and our 5 part webinar series for our ManagemyShortSale.com students.

PreforeclosureDailyGrind.com and ManageMyShortSale.com present their weekly real estate short sale video on the latest changes in the preforeclosure industry. Listen in as Bob Lachance and Chris Bowes talk about the latest mortgage servicer to fail and what that means to short sale investors and also how to extend a Foreclosure Sale Date!

For more videos visit www.PreforeclosureDailyGrind.com and to ask any real estate questions visit www.AskBobLachance.com.