foreclosures: Not just foreclosures and short sales in this market!
- 05/07/11 07:29 AM
Hang on people! I must admit, we get caught up in the FORECLOSURE, SHORT SALE, DISTRESS PROPERTY talk and business. We sometimes forget the MAJORITY OF PEOPLE are not in distress on their mortgages. THEY MAY BE TIGHT, there may be PAIN in the household, but there alot of people who have EQUITY and really could add to their family wealth or CREATE family wealth in this market! What do I mean? Well look at these two basic examples:
1) What if I have some equity in my home and could take part of it and purchase a property for … (0 comments)
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foreclosures: From my upcoming book! "Education"
- 04/25/11 05:54 PM
EDUCATION
How many thought education ended with "schooling?" What do I mean by Schooling? That is kindergarten to 12th grade or college years. My term for that is schooling. Upon embarking on a sales career or opening a business you must embark on receiving an education! In most professions well at least in real estate you learn the laws and requirements to become licensed by the state or region you are practicing your craft. Once you have passed the test then what? You must know learn how to use your new craft to generate income, revenue or make a … (2 comments)
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foreclosures: What are you grateful for? What gets you going?
- 04/13/11 04:55 AM
In times of uncertainty and with nothing but negativity around us, it is easy to get sucked into things. I wrote myself a list of 10 things I am grateful for. I would suggest you do the same. When you are having a really bad day, LOOK AT YOUR LIST! Keep things in perspective and remember no matter what you are going through IT TRULY IS A GREAT LIFE!
TOP TEN THINGS I AM MOST GRATEFUL FOR
•1) My wife and my children. These are my rocks and my big WHY.
•2) My personality and ability to … (2 comments)
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foreclosures: Are you really passionate about what you do? (excerpts from up coming book)
- 04/06/11 02:09 PM
Passion sounds easy huh? Well I can tell you it is not. What is passion for something? My real world definition is loving or wanting something so much you are willing to do ANYTHING legally and morally correct to pursue what you want. That "passion" in this sales game has to a long-term desire. You see Real estate is contact sport, and in most cases it is a marathon not a sprint. Let me repeat that part so you soak it in. Real estate is a contact sport and in most cases it is a marathon not a sprint. What do … (2 comments)
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foreclosures: REAL ESTATE AGENTS....STEP YOUR DAMN GAME UP!
- 03/16/11 02:48 PM
Okay here we go. It happens to everybody so NOTHING is going to be perfect, BUT AS AGENTS WE NEED TO IMPROVE. I was representing a buyer who backed out of a short sale THAT WAS APPROVED AT OUR PRICE AFTER ONLY 5 WEEKS! It doesnt happen to me much but it does. On the listing side in the last month I have had 4 or 5 short sales (not to mention a couple of other properties) BOM AFTER WE RECEIVE SHORT SALE APPROVAL! I am talking about we have been in touch with the selling agent (and I believe the … (0 comments)
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foreclosures: Realtors your clients NEED you to be better at your skills!
- 03/01/11 04:17 AM
One for sure when you are in a market such as the one we are currently in, you had better have good communication skills with your clients. Buyers and Sellers right now NEED you to be aware, focused on their needs and your guidance. Mainly I am speaking of scripts and dialogs. Knowing what to say, when to say it, when not to say anything! I firmly believe YOU CANNOT TALK ANYONE INTO PURCHASING SOMETHING SUBSTANTIAL such a home. The time period and outside influences from that "uncle" or the "parents" etc...will eventually kill your deal anyway.
You can help people … (1 comments)
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foreclosures: Dont do nothing! Do something it may lead to something else!
- 02/05/11 06:54 AM
Okay we have a lot people behind on their mortgage payments. We have a good portion of people WHO REALLY NEED HELP, then we have others that are in STRATEGIC foreclosure etc....I am not judging that by the way. I do have one question and problem, Why are the people that need the help the most DOING NOTHING? I get people all the time asking about loan modification or wanting to do short sales that honestly REALLY HAVE NO NEED, they just WANT TO DO IT. Then I will have other clients, friends, professional associates who really need and qualify for … (1 comments)
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foreclosures: My dream today!
- 01/17/11 05:36 AM
So my soapbox for the day. I grew up in a family and during time full of political awareness and struggle. My parents and grandparents were not just talkers, they were doers! In my life time I have seen many many many positive changes, and in recent times I have seen what I feel are set backs! The funny part is the majority of people (I feel) are positive and moving in the right direction, BUT WE ARE NOT THE LOUDEST! The loudest are those that perpuate hate, dysfuntion, etc.....and I AM NOT TALKING ABOUT PEOPLE WITH DIFFERENT VIEW POINTS! Debate … (0 comments)
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foreclosures: Banks arent foreclosing.....I get to keep my house!
- 10/15/10 06:29 AM
So there is a freeze on foreclosures in SOME states. One major lender has frozen them in all 50 states. Does that mean my foreclosure will be halted, and the bank is NEVER going to take my home? NO IT DOES NOT! What is happening can be a good thing for families, IF YOU TAKE THIS TIME TO MAKE A PLAN. Please do not sit, wait and watch. If you are behind on the payment, SAVE MONEY! Save everything you can! If you were doing a modification, BE REAL PERSISTENT, AND DO NOT GET FRUSTRATED and if the best alternative for … (4 comments)
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foreclosures: So you havent paid your mortgage for a year or more.....WHY SWEAT IT NOW?
- 10/05/10 07:32 PM
So you havent paid your mortgage in awhile, and the bank has done nothing about it. Why should I sweat it? HERES WHY!
by Elgin Walker's Real Estate Cafe on Tuesday, October 5, 2010 at 11:25pm Your note has been created.
I understand you have been in your home a while and not making payments and nothing has happened. I know you have gone through the "loan modification" game, and still negotiating, making trial payments or whatever and nothing has happened, so you say to me why should I do a short sale? It will be years before they get me … (4 comments)
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foreclosures: So you havent paid your mortgage for a year or more.....WHY SWEAT IT NOW?
- 10/05/10 07:29 PM
So you havent paid your mortgage in awhile, and the bank has done nothing about it. Why should I sweat it? HERES WHY!
by Elgin Walker's Real Estate Cafe on Tuesday, October 5, 2010 at 11:25pm Your note has been created.
I understand you have been in your home a while and not making payments and nothing has happened. I know you have gone through the "loan modification" game, and still negotiating, making trial payments or whatever and nothing has happened, so you say to me why should I do a short sale? It will be years before they get me … (2 comments)
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foreclosures: I am doing a loan mod and the bank can STILL foreclose?
- 09/28/10 04:56 AM
I am running into alot of situations, and I would like to address in a small way. The first is for those people who are behind on payments and currently in the loan modification process. Please understand that just because you are in the loan modification process, your obligation to pay your payments DOES NOT STOP. Most people think that because they are working with the bank (and hopefully the bank is working with them.....hahahaha) foreclosure proceeding are on hold. NOT TRUE! Once the foreclosure time line starts the banks DO NOT normally halt that process. So what is the big … (2 comments)
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foreclosures: Do you ever stop learning? Get your education on!
- 09/12/10 03:18 PM
EDUCATION
How many thought education ended with "schooling?" What do I mean by Schooling? That is kindergarten to 12th grade or college years. My term for that is schooling. Upon embarking on a sales career or opening a business you must embark on receiving an education! In most professions well at least in real estate you learn the laws and requirements to become licensed by the state or region you are practicing your craft. Once you have passed the test then what? You must know learn how to use your new craft to generate income, revenue or make a … (5 comments)
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foreclosures: A couple of points if you are PURCHASING A SHORT SALE!
- 09/09/10 04:39 AM
In my market area like it or not Short sales or here to stay for awhile. We frequently discuss short sales for SELLERS, but what about BUYERS? I want to put a couple of quick points out there that may seem simple, but probably need to be said.
1) Patience: If you are buying a short sale YOU MUST HAVE PATIENCE and understand there will be alot of times when NOTHING visible is going on, AND each short sale is different. Your friend may have had a Wachovia Fast Track deal which took a couple of weeks. Your co-worker may have … (2 comments)
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foreclosures: ARE YOU REALLY COMMITTED TO YOUR GOALS?
- 08/25/10 06:16 PM
COMMITMENT
Commitment is the element you need to keep going even when things are not going the way you like. In most cases there are no overnight successes. It may appear that way because of when we as the public take notice, but no one sees or hears about the sacrifices and drama a person goes through. Let me ask you question, how many hours in the day are there for you? How many hours for your family, friends or for that matter enemies? You see everybody gets 24. That is the maximum. How each person chooses to use … (2 comments)
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foreclosures: Prospecting/lead generation.....ARE YOU DOING IT?
- 08/21/10 08:54 AM
PROSPECTING/LEAD GENERATION
I have found over the years prospecting is probably the most misunderstood word AND process in industry of selling, particularly in the selling of real estate. I listen to, followed, and tried all sorts of prospecting methods. You will hear different agents and different trainers give you all sorts of theories and ideas on prospecting. My daddy always told me to keep things simple, break them down to the least common denominator so with that here is my definition of prospecting. Prospecting is the process of meeting and discussing your services with people (new and old) on … (0 comments)
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foreclosures: Top Ten Things I am Grateful for
- 08/19/10 04:03 PM
TOP TEN THINGS I AM MOST GRATEFUL FOR
•1) My wife and my children. These are my rocks and my big WHY.
•2) My personality and ability to think on my feet.
•3) My upbringing with my parents and grandparents. They mold me and taught me well.
•4) My Freedom. Freedom to think, Freedom to speak, Freedom to Dream.
•5) My good friends. I am blessed to have a few really special FRIENDS not just associates that I know would be there for MY FAMILY if needed.
•6) My health and this should probably be higher on the list. … (6 comments)
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foreclosures: You got to have passion for whatever you do!
- 08/19/10 03:57 PM
Passion sounds easy huh? Well I can tell you it is not. What is passion for something? My real world definition is loving or wanting something so much you are willing to do ANYTHING legally and morally correct to pursue what you want. That "passion" in this sales game has to be a long-term desire. You see Real estate is contact sport, and in most cases it is a marathon not a sprint. Let me repeat that part so you soak it in. Real estate is a contact sport and in most cases it is a marathon not a sprint. What … (2 comments)
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foreclosures: Any good real estate investments in residential? Do you like postive cash flow?
- 08/01/10 03:10 PM
I get asked this questions alot. First reply is what is a "good" real estate investment to "you?" You need to define this first. To some it would being able to buy a property quickly sell it and make a profit. If that is the case what is the percentage of "PROFIT" you need to make to call the investment a success?
The type of investment I will discuss today though is obtaining positive cash flow. In my opinion if you are looking to create positive cash flow from real estate it is strickly a numbers game. Yes location and area … (1 comments)
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foreclosures: Don't live through the media. LIVE FOR YOU!
- 07/19/10 07:22 AM
What do I mean by that you may ask? Well here it is. In today's world with all the you tubes, instant messaging, camera phones, Internet etc....It is easier, faster, than ever to get caught up in misery, despair, and non-sense rhetoric. That is whether it is wallowing in self pity, bashing the government, bashing yourself, friends or colleagues.
Why not feed your mind with positive energy, grow your inner self, look at the window of opporunity we are in, and better yet look at the facts. Needless to say our economy, our real estate markets, our country was on a … (0 comments)
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Hang on people! I must admit, we get caught up in the FORECLOSURE, SHORT SALE, DISTRESS PROPERTY talk and business. We sometimes forget the MAJORITY OF PEOPLE are not in distress on their mortgages. THEY MAY BE TIGHT, there may be PAIN in the household, but there alot of people who have EQUITY and really could add to their family wealth or CREATE family wealth in this market! What do I mean? Well look at these two basic examples:
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