Tag Archives: arroyo grande short sale

The IRS Filed A Lien on My Home, Can I Still Do A Short Sale?

Posted on March 23, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Has the IRS field a lien on your home for back taxes? Are you wondering whether you still can do a short sale with the IRS lien filed on your property? The answer of course depends on your individual situation. But, generally the IRS will remove its lien on your property where it can be shown that the lien has no value. If your property is worth less than the liens that are superior to the IRS lien, then the IRS lien probably has no value. Continue reading →

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How Does the Bank Determine the Value of My Home in a Short Sale?

Posted on March 20, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

In a short sale, the bank will typically order either a Broker Price Opinion (BPO) or an appraisal to determine the value of the home. Most banks use BPOs. The use of BPOs is the source of much controversy among short sale listing agents, short sale sellers and appraisers. Appraisers often object to BPOs and believe that only an appraiser can give an accurate depiction of value. Continue reading →

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Short Sale Seller Tip – Which Offer Should I Select?

Posted on May 12, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Short sale sellers are routinely receiving multiple bids on their properties given the current limited inventory in many markets on the central coast. Inevitably, the question arises — how do I choose which offer to present to the bank? Several factors are important and short sale sellers should reflect on them when deciding which offer to present to their lender: Continue reading →

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