linkin: Program Will Pay Homeowners to Sell at a Loss - 03/14/10 09:43 PM
Program Will Pay Homeowners to Sell at a Loss
by David StreitfeldMonday, March 8, 2010
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of This latest program, which will allowthe administration's most aggressive attempts to grapple with a problem that has defied solutions.
More … (4 comments)
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linkin: Economic Aspects Of Real Property: A Brief History And Origins of Real Estate. - 07/05/09 04:39 PM
Where The Term Real Estate Come From.
A Brief History And Origins of Real Estate.
Definition: Real Estate
Continue from previous post.
The Industrial Revolution.
The industrial revolution was one of the great equalizers in human history, The use of machines for manual labor freed many peasants for different tasks, and allowed a privileged few time for education and specialization into new fields of labor opened up by the mechanization of industry. Cobblers, seamstresses and cabinetmakers found that their once invaluable skills were now obsolete, leaving them to return to the land and the coal … (2 comments)
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linkin: Where The Term Real Estate Came From. - 05/27/09 07:57 AM
Where The Term Real Estate Came From.
A Brief History And Origins of Real Estate.
Definition: Real Estate A piece of land, including the air above it and the ground below it, any buildings or structures on it also called realty, and improvements there to, also called real property.
In law, the word real means relating to a thing (res/rei, thing, from O.Fr. reel, from L.L. realis "actual," from Latin. res, "matter, thing"), as distinguished from a person. Thus the law broadly distinguishes between "real" property (land and anything affixed to it) and "personal" property (everything … (0 comments)
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linkin: Who Owns My Mortgage? - 04/28/09 07:31 AM
Who Owns My Mortgage?
by Ralph Roberts
When trying to contact your lender to work out a payment plan or some other deal, knowing who owns your mortgage can be very helpful. Unfortunately finding out is not as easy as it sounds. You should be able to call the phone number on your last mortgage statement or the number in your payment coupon book and connect directly with your lender.
More often than not, this merely puts you in touch with the servicer - the business that collects and processes your payments. In some cases, the servicer is prohibited from divulging … (4 comments)
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linkin: Descriptions of Agency: The Buyer Agency Agreement - 04/14/09 06:44 AM
Descriptions of Agency: The Buyer Agency Agreement
There are agents, and then there are agents. Yes, it sounds confusing. That's because the term "agent" is often used in a casual manner, referring to any real estate practitioner.But agent also refers to someone with whom you've established a formal agency relationship-someone who represents your best interests in a real estate transaction and owes you fiduciary responsibilities. Agency relationships are usually established in writing with buyer agency agreements, and require:
loyalty obedience disclosure confidentiality reasonable care and diligence accounting The birth of buyer agency
For many years, real estate was practiced in such … (0 comments)
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linkin: The Ten Commandments of a Successful IDX Solution - 03/09/09 11:55 AM
The Ten Commandments of a Successful IDX Solution
Published on Monday, February 23, 2009, 1:04 PM Last Update: 3 hour(s) ago
by Peyman Aleagha Tags: idx free idx realtysoft.com
The Internet is changing the way that Realtors do business and market themselves to such an extent that many will not be around in a few short years. Survival of the fittest is the way of the world, and the fittest in real estate will be those agents and brokers who understand the new Internet consumer and how to engage them from first contact through a commission. The very first contact that most of … (2 comments)
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linkin: Housing Opportunity Program - 02/05/09 09:15 PM
Housing Opportunity Program
REALTORS® are ideally situated to improve housing opportunities where they live. They are the first stop for the prospective homebuyer or renter. Accordingly, REALTORS® can reach out - through personal involvement in their own communities - to those who need greater access to quality, affordable homeownership and rental opportunities.
NAR's Housing Opportunity Program was created in 2002 with the vision of positioning, educating and assisting REALTORS® to create housing opportunities for all. The Housing Opportunity Program offers programs, grants, trainings, and resources that help REALTORS® and REALTOR® associations expand housing availability and insure an adequate supply of rental … (2 comments)
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linkin: Foreclosure Overview: 5 Steps to Buying Foreclosure - 01/17/09 05:53 PM
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linkin: Law of Contrast - 09/11/08 08:37 PM
Law of Contrast
by Bob Hafer
Think about how much income you've lost because of your inability to persuade. How many times have you been unable to convince a good prospect to buy a home you knew met all criteria but couldn't close the sale? I believe the way to improve sales lays in your ability to incorporate the law of contrast into your sales presentation.
When people visit a home they immediately do three things. They look, compare and contrast. They look to understand what is offered. They compare to make sure what they see satisfies their buying criteria … (5 comments)
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linkin: Six Secrets of Internet Home Buying - 06/27/08 08:54 PM
Six Secrets of Internet Home Buying
By Luke Mullins Posted May 6, 2008
With the worst housing slump in a generation slashing home prices across the country, the dynamics of the market have shifted squarely in favor of buyers. And as the real estate industry grows increasingly Web-savvy, house hunters can now scour through neighborhoods, inspect front porches, and even peek inside bedrooms from the comfort of their desktops. But while this surge of new information can help you find that perfect home, it can also-at times-make the whole process overwhelming. Here are six ways to ensure that your online … (0 comments)
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linkin: Investor Report: Section 1031 - 06/08/08 02:18 PM
Investor Report: Section 1031
by Kenneth R. Harney
Here's some great news for the thousands of real estate investors and brokers who use "Section 1031" (ten thirty-one) tax-deferred real exchanges every year: Congress has backed off its latest plan to narrow the definition of "like kind" for real estate swaps.
That's important because under current tax law, real estate investors have broad flexibility in choosing properties and structuring exchanges. For example, they can exchange a rental house for farmland, an apartment building for a commercial shopping strip. They can even exchange office buildings for mineral rights.
San Antonio … (2 comments)
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linkin: Trust Deeds, Mortgages, Contracts, Warranty Deeds: What are They? - 05/27/08 12:06 AM
Trust Deeds, Mortgages, Contracts, Warranty Deeds: What are They?
by Clifford Hockley
Charles was confused. He was trying to buy a four-plex, but just did not understand the real estate jargon.
Deeds, trust deed, contacts, mortgages all were words he thought he knew, but in the end really did not understand.
He was sitting in his real estate broker's office embarrassed that he did not understand, when the broker Mimi, said to him,"You know, the language of real estate can be very confusing. I have prepared a short summary of terms that might be helpful to you as we move … (7 comments)
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linkin: Selling Your Home In a Market Full of Foreclosures - 04/18/08 11:19 AM
by Phoebe Chongchua
Take a look in just about any neighborhood and you may find the sign of distressed times. Foreclosures are on the rise and that can cause a lot of panic for sellers who aren't in the same financial crisis.
"We're in a very price-sensitive market and obviously in any buyers' market that's the case," says Chris Heller, President of The Heller Real Estate Group, Inc. at Keller Williams.
The increase of awareness about foreclosures is stimulating buyers to keep fishing and pushing for even lower prices for homes.
"So the sellers who are not in … (3 comments)
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