Lightning and Thunderhill Short Sale

You’ve probably heard the phrase “catching lightning in a bottle”. It’s used to explain an extraordinary event – when an elusive energy is captured and subsequently harnessed to achieve the unachievable. Sports coaches and managers often use “catching lightning in a...

The Exponential Power of a Business Partner

The view of the Hudson River is breathtaking and best enjoyed with a glass of cabernet. Last month, as I relaxed on the deck of my in-law’s house in upstate New York, gazing out at the sunset, I couldn’t help but think of how blessed I was to have such a trustworthy...
What Does Foreclosure Really Mean?

What Does Foreclosure Really Mean?

Foreclosure. What does it mean exactly? According to Google dictionary, foreclosure is: The process of taking possession of a mortgaged property as a result of the mortgagor’s failure to keep up mortgage payments. Well stated. Foreclosure is a process, something...

Short Sales Getting Shorter?

The gestation period for a squirrel is 45 days and they typically have 2-6 babies in a litter. I know this because I did a Google search for “45 day gestation”. The reason for my query is I just got acceptance on a short sale offer I wrote 45 days ago. It got me...

Reverse Comping a Short Sale Deal

Comparable – of equivalent quality, a worthy comparison. In the real estate business we refer to comparable sales as comps because real estate professionals are way too busy to say comparable sales. If I’m searching for comparable sales on a house I plan to fix and...