Short Sales, Foreclosure, Deed In Lieu of Foreclosure, Strategic Default Impact On your Life and Credit The economy is struggling back from the lowest point in our history since The Great Depression. The real estate market is 20 to 40 % off its highs in the year 2005. You purchased property and it is now [...]
Foreclosure Moratorium Will Destroy The Real Estate Market The Obama Administration on Tuesday rejected calls for a nationwide moratorium on foreclosures because of concerns it could cause broader harm to the housing recovery. But a freeze on foreclosures is still widening. It’s like watching dominoes fall. One mortgage lender after another is putting the brakes [...]
Here’s the scenario. A consumer calls you based upon a blog post that you have recently made. He is in dire NEED of the services of a competent and professional real estate agent. He must sell his house quickly. He is in foreclosure and he does not want his credit damaged more than it is [...]
We’ve been building quite the video library and yet we still get emails and calls from people asking how they can get started making money in real estate. So we decided to put together a small cache of goodies for you. The videos below our some of our favorites and what we would call the [...]
The last time I checked, the short sale was on the gurney headed for the emergency room. I looked through the windows and saw the priest administering last rites so I am not sure if it’s going to survive. I can tell you though, it doesn’t look good.
Short Sale Tip # 4: Property Improvement & Repair Estimate Report When things go bad…they usually go real bad. If a homeowner has not paid his mortgage in many months, it is likely that the house has been neglected. If funds were not on hand to pay the mortgage, then it is probably safe to [...]
Short Sale Tip #13 : 5 Questions To Ask The Seller…Before Taking The Listing For a Property in Foreclosure In a down market, when the phone rings, agents and investors often can’t wait to get that next listing or contract. They rush out before really thinking about their plan of action and what makes the [...]
Short Sale Tip #12 Overcoming Objections with the Homeowner Part 1 We are getting many questions from our attendees as to how to overcome objections with the homeowner, but we are surprisingly getting MORE questions as to how to overcome objections from the inexperienced or uneducated agent representing the homeowner…isn’t that a twist?
Short Sale Tip # 9: The Role Of Mold In Obtaining A Big Short Sale Discount Ever see a really good horror movie? Want to see one? Check out the bill or quote you will receive for black mold remediation.
Short Sale Tip # 8: The Role of Loss Severity In Short Sales Do you speak “banker-ese”? If not, you are leaving HUGE amounts of money on the closing table! When performing a short sale you have to be sure that you are negotiating from a position of strength. Do you know what Loss Severity [...]
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