the mother and daughter realty team: Short Sales: It Takes Two to Tango - 05/04/11 02:02 PM
I have to admit that being a buyer's agent in a Short Sale transaction is not an easy position to be in. However,as a listing agent of short sales, I have my due diligence to communicate to the seller, lender, listing agent, escrow offer, so on and so forth. If we want this dance to go gracefully (without stepping on any toes) then I need to my dancing partner to follow my lead or at least communicate with me. Once, I receive a signed contract from the buyer and the seller my procedure is to contact the listing agent, at least every … (0 comments)
the mother and daughter realty team: My Options Have Expanded on How I Assisted My FHA Home Seekers - 11/17/10 03:58 PM
While in the process of putting together my 2011 business plan, I have reflected on what has worked and what hasn't worked for me in 2010. The one thing that was most frustrating has been the number of rejections on bank owned properties (REOs) and the number of accepted offers on Short Sale properties from the homeowner, but not from the lender. As I reflect and ponder on these Real Estate transaction foes, I have reconsidered to do something different for my buyers and that is to become more educated in Rehabilitation Loans. The buyer's I assisted in 2010 have been 90% … (2 comments)
the mother and daughter realty team: Helping Homeowners in Distressed: Association Foreclosure - 03/01/10 07:50 PM
Homeowner Associations can and do file foreclosure quicker than lenders, sevicers, and investors will. Associations may begin the foreclosure process as soon as 75 days after the payment was first due. Associations are not required to go through a court to foreclose, as a homeowner would have to evict a tenant. This is very important because the association payments are often one of the first items homeowners stop paying. Here is an idea of the steps involved, if a homeowner is behind on their assessments:
The association will send a reminder letter. Within 15 days of the due date, … (0 comments)
the mother and daughter realty team: Path To Homeownership: Homeowner Associations - 03/01/10 05:09 AM
WHAT IS A COMMON INTEREST DEVELOPMENT (CID)? Common Interest Development (CID) allows homeowners the use of common property and facilities and provide for a system of self-governance through an association of the homeowners within the CID. CIDS come in a variety of types and styles, such as single family detached houses, two story townhouses, garden style units with shared "walls". When a homebuyer purchases a home, townhouse, condo or PUD in a common interest development, they become a member of that association. During the home buying process, the homeowner obtains a copy of the Declaration of the Covenants, Conditions, and Restrictions (CC&Rs), which … (2 comments)
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I have to admit that being a buyer's agent in a Short Sale transaction is not an easy position to be in. However,as a listing agent of short sales, I have my due diligence to communicate to the seller, lender, listing agent, escrow offer, so on and so forth. If we want this dance to go gracefully (without stepping on any toes) then I need to my dancing partner to follow my lead or at least communicate with me. Once, I receive a signed contract from the buyer and the seller my procedure is to contact the listing agent, at least every … (0 comments)
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