Short Sales and Technology
In the current market short sales are popping up all over the place. A short sale is when the sale proceeds fall short of the balance owed on the property’s mortgage. The whole process is incredibly complicated when it comes time to complete the deal. Many agents do not like to deal with short sales. It takes an agent with great external resources and personal knowledge of the intricacies of short sales to be able to deal with closing these complex transactions.
Luckily Jesse Moore of Pickett Street is a local short sale specialist. Recently while attending a short sale conference he took the time to sit down with Kevin Kauffman of the Short Sale Power Hour. He offered some advice to other agents on the use of twitter for searching out information about the current short sale market. A exercise every agent should do to have an up to date view of market conditions.