Comments on: Get Cash Back At Closing…Legally! http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/ Internet Money! Money On The Internet! Fri, 19 Mar 2010 20:09:17 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Barry Cunningham http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-6831 Barry Cunningham Mon, 01 Mar 2010 04:22:36 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-6831 Well said Tim! Well said Tim!

]]> By: Tim Paynter, Attorney at Law http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-6828 Tim Paynter, Attorney at Law Mon, 01 Mar 2010 03:27:36 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-6828 Disclosure is the key-stone to buyer incentives and creative financing plans. One should check your state law and even then it may not be controlling as to federal lending institutions. There were many errors on the part of the Floriday investors. One of the biggest was misrepresenting the terms of the deal and submitting fraudulent bank statements. My best advice is to get advice from a competent attorney who understands real estate law in your neck of the woods. The wisdom of taking the motivation away from the guy who works on a success-fee is a matter that each must decide for himself. Tim Paynter, Attorney at Law Disclosure is the key-stone to buyer incentives and creative financing plans. One should check your state law and even then it may not be controlling as to federal lending institutions.

There were many errors on the part of the Floriday investors. One of the biggest was misrepresenting the terms of the deal and submitting fraudulent bank statements.

My best advice is to get advice from a competent attorney who understands real estate law in your neck of the woods.

The wisdom of taking the motivation away from the guy who works on a success-fee is a matter that each must decide for himself.

Tim Paynter, Attorney at Law

]]> By: Dan http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-5877 Dan Sun, 08 Nov 2009 16:54:42 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-5877 I live in Bakersfield, CA. 253-230-6617 I live in Bakersfield, CA. 253-230-6617

]]> By: Barry Cunningham http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-5876 Barry Cunningham Sun, 08 Nov 2009 14:14:06 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-5876 Dan where are you located? Dan where are you located?

]]> By: Dan http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-5869 Dan Sat, 07 Nov 2009 02:00:56 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-5869 I would like to buy lots of properties and rent them in my area. I can get positive cashflow of $300 per month and negotiate with the banks to lower the loan amount. Where do I find a hard money investor who will give me about $37,000 for a $250 per month payment at 10-12%? I want the money to buy more properties and use no more than 20% for personal expenses. I would like to buy lots of properties and rent them in my area. I can get positive cashflow of $300 per month and negotiate with the banks to lower the loan amount. Where do I find a hard money investor who will give me about $37,000 for a $250 per month payment at 10-12%? I want the money to buy more properties and use no more than 20% for personal expenses.

]]> By: CondoDomain http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-5685 CondoDomain Sun, 30 Aug 2009 14:33:41 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-5685 We anticipate that rebates will be allowed in all 50 states in the very near future. LIttle by little each state is taking a new look at its reasoning for not allowing cash back rebates. The DOJ vs. NAR lawsuit has made a positive impact for consumers by allowing the real estate landscape to become more competitive. NJ is next on the block and we should see their rebate ban lifted by early 2010 if not later this year. We anticipate that rebates will be allowed in all 50 states in the very near future. LIttle by little each state is taking a new look at its reasoning for not allowing cash back rebates. The DOJ vs. NAR lawsuit has made a positive impact for consumers by allowing the real estate landscape to become more competitive. NJ is next on the block and we should see their rebate ban lifted by early 2010 if not later this year.

]]> By: Kevin Burrell http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-5664 Kevin Burrell Sun, 23 Aug 2009 20:18:12 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-5664 I found your article on cash back at closing informative and intriguing. I have been doing real estate myself for 15+ years and mortgages 12+ years. My partner and I actually do three radio shows in Southern California a week, discussing the market in the Carolinas and Florida. We move a lot of properties in these areas and will actually be in Sarasota setting up a new office this Thursday. I found your article on cash back at closing informative and intriguing. I have been doing real estate myself for 15+ years and mortgages 12+ years. My partner and I actually do three radio shows in Southern California a week, discussing the market in the Carolinas and Florida. We move a lot of properties in these areas and will actually be in Sarasota setting up a new office this Thursday.

]]> By: janet http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-4863 janet Fri, 29 May 2009 04:13:11 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-4863 can you just see a house by the listing agent and neg. to get back 3% of the comm. if the agent says no do they still have to show it to the seller? can you just see a house by the listing agent and neg. to get back 3% of the comm. if the agent says no do they still have to show it to the seller?

]]> By: Darrell Toney http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-3075 Darrell Toney Thu, 18 Sep 2008 00:36:13 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-3075 I would not fool a lender about information, however, one of the strategies talked about are cash back at closing. Is there a place to get information about legal cash back at closing so someone like me who is just starting can read about the correct way to do the cash back closing? I would not fool a lender about information, however, one of the strategies talked about are cash back at closing. Is there a place to get information about legal cash back at closing so someone like me who is just starting can read about the correct way to do the cash back closing?

]]> By: Rem http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-2498 Rem Sat, 02 Aug 2008 17:40:46 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-2498 Flexibility is the name of the game. Value is determined by a happy buyer, agent and seller. The rest is just rethoric and talk. You can't fix commissions. You can't fix pricing. Traditional real estate companies want to keep their modules because their livelyhoods (overhead, etc) depend on higher fees, which they call value. They don't want to be a Wal-mart, yet wal-mart is richer than all of them combined. The name of the game is what WORKS for the consumer and is LEGAL. Opionions...well, everyone has one. In about 1 week I will be opening a cash rebate brokerage in Utah and later a flat-fee service even. My guess is that if I become successful, the mafia here will try to make the state pass a law against cash rebates as they have in 12 other states. The bad guys, are not necessarily the little guys. It's the big ones. So, when you hear that Utah has passed a law against cash rebates to buyers, you heard it from me first. But I will try it until they try to stop it. By then, the consumer will be made aware that the mafia wants to control everything, including their choices and options. It's a good thing that the people at the DOJ side with flexibility and seem to be on the side of discount brokers and cash rebaters. Otherwise, the mafia would continue to run things their way, taking consumers to the cleaners and preventing anyone from the bottom to ascend to the top. Flexibility is the name of the game. Value is determined by a happy buyer, agent and seller. The rest is just rethoric and talk. You can’t fix commissions. You can’t fix pricing. Traditional real estate companies want to keep their modules because their livelyhoods (overhead, etc) depend on higher fees, which they call value. They don’t want to be a Wal-mart, yet wal-mart is richer than all of them combined. The name of the game is what WORKS for the consumer and is LEGAL. Opionions…well, everyone has one. In about 1 week I will be opening a cash rebate brokerage in Utah and later a flat-fee service even. My guess is that if I become successful, the mafia here will try to make the state pass a law against cash rebates as they have in 12 other states. The bad guys, are not necessarily the little guys. It’s the big ones. So, when you hear that Utah has passed a law against cash rebates to buyers, you heard it from me first. But I will try it until they try to stop it. By then, the consumer will be made aware that the mafia wants to control everything, including their choices and options. It’s a good thing that the people at the DOJ side with flexibility and seem to be on the side of discount brokers and cash rebaters. Otherwise, the mafia would continue to run things their way, taking consumers to the cleaners and preventing anyone from the bottom to ascend to the top.

]]> By: Cash Back Real Estate - Real Estate Rebates http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1388 Cash Back Real Estate - Real Estate Rebates Fri, 27 Jun 2008 01:16:36 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1388 Real estate brokers representing buyers are allowed to offer cash back or commission rebates from their commissions. Broker rebates are the principal method by which a buyer broker can negotiate or discount their fees otherwise commissions are essentially fixed. Cash back or rebates from buyer brokers promote price competition amongst real estate brokers. See DOJ websites regarding broker rebates to buyers. Real estate brokers representing buyers are allowed to offer cash back or commission rebates from their commissions. Broker rebates are the principal method by which a buyer broker can negotiate or discount their fees otherwise commissions are essentially fixed. Cash back or rebates from buyer brokers promote price competition amongst real estate brokers. See DOJ websites regarding broker rebates to buyers.

]]> By: Barry Johnson http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1348 Barry Johnson Thu, 19 Jun 2008 14:11:54 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1348 Looks like Rafael above has designed an ad for everyone... Pretty straight forward to me. Only the person offering the service can decide can decide how much they want to charge for it. Looks like Rafael above has designed an ad for everyone… Pretty straight forward to me.

Only the person offering the service can decide can decide how much they want to charge for it.

]]> By: Rafael Cortes http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1328 Rafael Cortes Tue, 17 Jun 2008 11:46:04 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1328 Houses are not selling! The market is slow, there are no buyers, and so goes the mantra. The month of May was a good month for me with 4 closings. How I got the buyers to call me? Simple very simple, I offer cash back rebates to anyone buying from me. I have a flyer printed in yellow paper which I distribute in different neighborhoods. Any agent is wellcome to use this flyer. It says: I Pay You To Buy A Home Finally! A realtor who actually pays you to do business. Literally! Buy any home on this magazine or any home listed with any real estate company using my exclusive program and get paid up to 1%* of the sale price commission. It's that simple. You're buying a home anyway, So! Why not get paid to buy it? Example: Buy a home for $300,000 and get paid up to $3,000 at closing. Call now for details Phone #**** ***** This ad has been brought to you by (Realtors Name) at (Company name) * Some restrictions apply. Use this ad it works wonders to your bottom line. 2% of 300,000 is $6,000 times 4 houses in one month $24K. Better than 3% of nothing any day. Try it, You'll be glad you did. Call now for details Houses are not selling! The market is slow, there are no buyers, and so goes the mantra. The month of May was a good month for me with 4 closings. How I got the buyers to call me? Simple very simple, I offer cash back rebates to anyone buying from me. I have a flyer printed in yellow paper which I distribute in different neighborhoods. Any agent is wellcome to use this flyer.
It says:
I Pay You To Buy A Home
Finally! A realtor who actually pays you to do business. Literally!
Buy any home on this magazine or any home listed with any real estate company
using my exclusive program and get paid up to 1%* of the sale price commission.
It’s that simple.
You’re buying a home anyway, So! Why not get paid to buy it?
Example: Buy a home for $300,000 and get paid up to $3,000 at closing.
Call now for details Phone #**** *****
This ad has been brought to you by (Realtors Name) at (Company name)
* Some restrictions apply.

Use this ad it works wonders to your bottom line. 2% of 300,000 is $6,000
times 4 houses in one month $24K. Better than 3% of nothing any day.
Try it, You’ll be glad you did.
Call now for details

]]> By: Barry Cunningham http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1324 Barry Cunningham Tue, 17 Jun 2008 04:27:17 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1324 Who is it that is supposed to determine "fair"? Who is it that is supposed to determine “fair”?

]]> By: Jeff Jurach http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1323 Jeff Jurach Tue, 17 Jun 2008 04:12:07 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1323 You're kidding, right? Hey Brad, if taking 1.49% is such a good idea, why don't you offer that on the selling side? Because there aren't enough agents willing to stoop so low? Apparently you are. Geez, if 1,49% is a good deal, why not just take 1%? Because, Brad, because you are convinced that you are worth 1.49%. I don't doubt that. This is about VALUE. There will always be someone willing to charge less - that's, uh, really easy. The important value equation we face, is how to deliver more value to our clients, not less. Brad, if your dentist advertised cavity fillings for $30, would you go? No, you want quality. We need more dialogue about quality, which is difiicult to deliver, and less diatribe about discounts, which anyone can deliver. Be good, all of you, and charge a fair price for it! You’re kidding, right? Hey Brad, if taking 1.49% is such a good idea, why don’t you offer that on the selling side? Because there aren’t enough agents willing to stoop so low? Apparently you are. Geez, if 1,49% is a good deal, why not just take 1%? Because, Brad, because you are convinced that you are worth 1.49%. I don’t doubt that. This is about VALUE. There will always be someone willing to charge less – that’s, uh, really easy. The important value equation we face, is how to deliver more value to our clients, not less. Brad, if your dentist advertised cavity fillings for $30, would you go? No, you want quality. We need more dialogue about quality, which is difiicult to deliver, and less diatribe about discounts, which anyone can deliver. Be good, all of you, and charge a fair price for it!

]]> By: Home Buyer Rebates Atlanta Georgia GA http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-1081 Home Buyer Rebates Atlanta Georgia GA Mon, 26 May 2008 22:45:04 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-1081 Home buyer rebates are very beneficial to buyers, inasmuch as they lower the cost of a real estate transaction. Home buyer rebates are very beneficial to buyers, inasmuch as they lower the cost of a real estate transaction.

]]> By: The National Association Of Realtors Announces That The Typewriter Is State Of The Art Technology | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-856 The National Association Of Realtors Announces That The Typewriter Is State Of The Art Technology | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments Fri, 25 Apr 2008 14:51:52 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-856 [...] Get Cash Back At Closing…Legally! [...] [...] Get Cash Back At Closing…Legally! [...]

]]> By: What Did Carol Hian Do Wrong? | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-823 What Did Carol Hian Do Wrong? | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments Thu, 24 Apr 2008 14:12:55 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-823 [...] Get Cash Back At Closing…Legally! [...] [...] Get Cash Back At Closing…Legally! [...]

]]> By: Sometimes Change Need Not Be Subtle | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-809 Sometimes Change Need Not Be Subtle | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments Wed, 23 Apr 2008 15:47:01 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-809 [...] Get Cash Back At Closing…Legally! [...] [...] Get Cash Back At Closing…Legally! [...]

]]> By: If 90% of the Buyers Go Away Will 90% Of Realtors Go Away As Well? | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://www.realestateradiousa.com/2008/02/26/get-cash-back-at-closinglegally/comment-page-1/#comment-765 If 90% of the Buyers Go Away Will 90% Of Realtors Go Away As Well? | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments Wed, 16 Apr 2008 22:38:04 +0000 http://www.realestateradiousa.com/blog/2008/02/26/get-cash-back-at-closinglegally/#comment-765 [...] Get Cash Back At Closing…Legally! [...] [...] Get Cash Back At Closing…Legally! [...]

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