rosemary brooks: Will the Seller consider FHA financing.... a common question - 11/09/09 02:49 PM
How important is it to make sure you indicate on the MLS if a seller will/will not consider FHA financing? Very. How many calls and emails will it save?
I believe this is why the MLS have a category for financing type. Since FHA is coming back stronger than before, … (1 comments)
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rosemary brooks: Buyers: Definition of Short Sale is NOT offer "Short" of Listed Price and expect to get an approval! - 11/09/09 02:28 PM
Low List vs Property Value vs Reality plus the waiting game is what a short sale is all about?
Let me just let you know that agents usually list short sale properties - low - in order to get some attention to that property. They do not list low necessarily because there is … (2 comments)
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rosemary brooks: Buyers... sorry that offer is pending .... so one buyer wants to go out EVERYDAY - 11/07/09 08:25 PM
And the buyer says ..... can we go out looking EVERYDAY???
The market is so confusing right now that it is almost that you have to take the buyers out to view properties at least 2 times a week! The properties are not staying on the market long, the offers are … (8 comments)
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rosemary brooks: Short Sale Automation... does it mean FAST, SMOOTH and BENIFICAL or / how will it play out? - 11/07/09 07:24 PM
So how can the Short Sale process change where it really will help? I will admit Short Sale Automation does sound good!!! I can't wait to see it work.
After reading that REOTrans has first changed their name and secondly and probably most important: they are taking on automating Short Sale … (2 comments)
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rosemary brooks: Need more information on avoid a foreclosure? ....Take in a Local Workshop - 11/07/09 06:40 PM
How to avoid Foreclosure Workshops - connect with your local community services and learn as much as you can about how to avoid foreclosure. Make sure it is FREE and that you do not pay out of pocket for a FREE service!
There are still so many homeowners/borrowers that do not … (0 comments)
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rosemary brooks: Buyer's Choice .... another improvement in the REO world! - 11/07/09 04:29 PM
Finally! Buyers have the choice of using a local escrow office to handle the transaction, thanks to the California Assembly Bill 957 - "The Buyers Choice Act". This bill was signed on October 12, 2009 and is now a law in the state of California (only).
I believe we will need … (3 comments)
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rosemary brooks: All Buyers.... now is the time to make a move! - 11/07/09 04:28 PM
Did you know?
K12 Teachers, School Employees, Educators, Members of State Public Employee Pension System, Judges Pension System and Legislators Pension System are eligible for down payment assistance for the purchase of a new home.
And now with the Tax Credit getting the extension approved as well enhanced credit for all … (1 comments)
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rosemary brooks: Helping you Avoid Foreclosure: Fannie Mae adds another Avenue/Option for homeowners - 11/06/09 04:43 PM
Fannie Mae offers - Deed for Lease Program instead of immediate foreclosure. this is another option rather than foreclosure or Short Sale.
If you do not qualify for a loan modification or have failed a loan modification plan you may be in luck to get in this Fannie Mae Deed for … (0 comments)
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rosemary brooks: Bank Owned Properties/REOs: Multiple Pre-Approvals... ~ Buyers you may have to get pre-approved by more than one lender - after all! - 11/06/09 01:08 PM
I've been so busy working on the listing side, I have not been noticing the variety of Agent Confidential remarks that are popping up on the listings these days.
This one is one that is becoming more popular and annoying:
Buyer must be pre-approved with the "seller's sponsored mortgage company" - … (8 comments)
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rosemary brooks: Bank Owned / REO & Earnest Money ~ new twist! - 11/06/09 01:02 PM
Dear Listing agents:
Can one of you please explain to me why it is necessary to have the buyer bring the earnest money deposit to you PRIOR to placing the offer? Is this a way to tie up the buyer's money, with a strong probility that their offer will not be … (8 comments)
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rosemary brooks: CIT and Bankruptcy are now in a relationship! or... another one bits the dust! - 11/02/09 01:38 AM
News release: CIT has filed for bankruptcy. OK this might not be a surprise, but has anyone figured out what they did with the $$$$ Millions they got just a few months ago. Did they too get bonuses all distributed and spent and then went into bankruptcy?
Now what about all … (6 comments)
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rosemary brooks: Halloween or Not.... They can still "Haunt" you later! - 10/30/09 08:06 AM
Just some quick reminders that there are few basic behaviors that us agents need to continue to do - no matter what the situation is. In real estate... Haunting time is not just at Halloween if you get too loose with your procedures.
Buyer Repair Bills - Remember Buyers are quick … (0 comments)
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rosemary brooks: Short Sales: Borrower(s) Are you ready? .....Answers/items to have for your agent - 10/29/09 07:43 PM
If you feel you may be in need of a short sale, you should do your homework on what you will need to have to provide to the agent. ADVICE: Choose an agent that knows how Short Sales work, have experience with short sales and is willing to do a short … (4 comments)
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rosemary brooks: Short Sale Approvals: Are we moving forward? - 10/29/09 05:23 PM
This may be a good time to take a review of where short sales are now, with only 2 more months left in 2009.
The Short Sale is still the most economical solution to avoid a possible foreclosure. This does not mean it is the easiest. It does not mean … (2 comments)
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rosemary brooks: Short Sale: Homeowner's be accessible to your agent! - 10/20/09 07:53 AM
If you want me to Short Sale your property... please be accessible! Don't get lost where even I can't find you!
Homeowners, we know that being up side down with your property is stressful. We are sensitive to what you and your family is going through. We are here to help. … (2 comments)
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rosemary brooks: Buyer: Serious... but undecisive ! - 10/20/09 07:38 AM
Ok we're told you about the buyers that may not be serious about buying! But what about the buyer that cannot make up their mind to put in an offer on a property that they like? What about the buyer that seem to like to have you drive them around, look … (1 comments)
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rosemary brooks: Short Sale - Hardship letter (sample) - 10/20/09 07:23 AM
THIS IS A SAMPLE HARDSHIP LETTER: There are several hardships that homeowners are running into. Probably no two homeowners have the very same hardship or events leading up to that hardship. Hopefully this sample will fit your needs as a sample and a way to get started writing your hardship … (2 comments)
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rosemary brooks: So anyway... the agent sat down at the Seller's table ... and wrote her buyer's offer! - 10/20/09 07:04 AM
That is right! Right in front of other agents, the seller and of course the other potential buyers -- right there at the open house! Let me tell you the story and you tell me if you feel this is a good tactic or just bad ethics.
Seller agreed to hold … (8 comments)
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rosemary brooks: Illusion/Mirage/Common Sense or Just Talk? - 10/20/09 06:47 AM
Here is some of the buz talk that is still going on and probably will be around for a long while. What do you think? Illusion, Mirage, Common Sense or Just Talk?
Add to the list. ....
Rosemary Brooks, Short Sale / REO Specialist - the Mother and Daughter … (0 comments)
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rosemary brooks: Buyers: are they serious or just curious? or Serious Buyers vs Time Wasters... and how do you tell the difference? - 10/19/09 04:37 PM
In order to work with buyers, I believe that it is wise to decide right upfront that there is a strong possibility that you are not a mind reader and cannot figure out when a buyer is really serious about buyer now, later or never. Sometimes it appears the person you … (2 comments)
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