Short Sales - The Iceberg Analogy

Nash Law Firm PLLC
Nash Law Firm PLLCOwner um Nash Law Firm PLLC
Short Sales Why won't your lender approve your short sale? The foregoing is not intended to constitute legal advice for any specific circumstance, but is intended to reflect broadly applicable principles, under Minnesota law, relevant to a typical situation. Before proceeding in reliance upon this or any other general description of law, consult with an attorney. Copyright 2010 Nash Law Firm                   763.862.6100                           www.nash-law.com Presented by:       The Nash Law Firm
Why Won't The Lender Say Yes? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
The Iceberg Analogy: It's Not What You Can See, It's What You Can't See That Controls The Outcome  ,[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                               www.nash-law.com
The Tip of the Iceberg -What we can see in a short sale- ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
Government & Lender Programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
Lender Promises ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
The Heavy Costs of Foreclosure ,[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                             www.nash-law.com
We Have A Great Purchase Agreement   ,[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
What You Can't See Can Sink The Ship What is the two thirds of the iceberg that you can't see? Copyright 2010 Nash Law Firm                   763.862.6100                            www.nash-law.com
What's Below The Waterline? Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
Who Owns The Mortgage? ,[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
Servicer Conflicts ,[object Object],[object Object],[object Object],The servicer's also have a fear of lawsuits from the owners of the mortgage if they change the terms of the loan. Copyright 2010 Nash Law Firm                   763.862.6100                             www.nash-law.com
Investor Requirements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                               www.nash-law.com
Mortgage Insurance ,[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
The Unpredictability of Lenders ,[object Object],[object Object],[object Object],Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
The Iceberg Above and below the waterline The foregoing is not intended to constitute legal advice for any specific circumstance, but is intended to reflect broadly applicable principles, under Minnesota law, relevant to a typical situation. Before proceeding in reliance upon this or any other general description of law, consult with an attorney. Copyright 2010 Nash Law Firm                   763.862.6100                      www.nash-law.com
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Short Sales - The Iceberg Analogy

  • 1. Short Sales Why won't your lender approve your short sale? The foregoing is not intended to constitute legal advice for any specific circumstance, but is intended to reflect broadly applicable principles, under Minnesota law, relevant to a typical situation. Before proceeding in reliance upon this or any other general description of law, consult with an attorney. Copyright 2010 Nash Law Firm                   763.862.6100                           www.nash-law.com Presented by:       The Nash Law Firm
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  • 9. What You Can't See Can Sink The Ship What is the two thirds of the iceberg that you can't see? Copyright 2010 Nash Law Firm                   763.862.6100                            www.nash-law.com
  • 10. What's Below The Waterline? Copyright 2010 Nash Law Firm                   763.862.6100                              www.nash-law.com
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  • 16. The Iceberg Above and below the waterline The foregoing is not intended to constitute legal advice for any specific circumstance, but is intended to reflect broadly applicable principles, under Minnesota law, relevant to a typical situation. Before proceeding in reliance upon this or any other general description of law, consult with an attorney. Copyright 2010 Nash Law Firm                   763.862.6100                      www.nash-law.com