Serving Seacoast NH & ME Homes Blog by Patricia Aulson

Bank of America Now Allows Initiation of Short Sale Process WITHOUT an offer!

Tue, 12 Apr 2011 14:04:16 -0700

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Take the time to read this "worth while post" I think you will find it interesting. I do notice that BOA is trying hard, working on things to help people get back on their feet.

If you are planning a move in or out of Seacoast NH or ME , please give me a call direct at (603) 944-1465. Like many other buyers and seller, you'll be glad you did. Check out my real estate website @ www.PATRICIA4REALESTATE.COM for a FREE property search. Like many others, you'll be glad you did.

Thank you,

~Patricia

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Via Mike Linkenauger Short Sale Specialist Network:

Here is an email we received a little while ago regarding Bank of America short sale offers and the equator system. This is excellent news, and will hopefully aid in further streamlining the Bank of America short sale process.

April Technology Enhancements Drive Changes
to the Short Sale Process

Bank of America continues to improve the short sale process so agents can help homeowners avoid foreclosure. In March, fields were added to the initiation page in Equator so Bank of America can identify which short sale the homeowner qualifies for and best fits their situation. Starting in April, a series of technology enhancements are being implemented to improve the short sale process.

Integrated Technology for Deals With an Offer and Without an Offer:
Agents can now initiate a short sale in Equator prior to marketing the property. The benefits of this type of "pre-offer program" include understanding the terms of the short sale and gaining investor agreement for a list price upfront in the process. In addition, the homeowner may qualify for a cash incentive and have their deficiency waived.

Short Sale Specialist Assigned Earlier in the Process:
If a short sale is initatied with an offer, a short sale specialist will be assigned in Equator earlier in the process. If a short sale is initiated without an offer, agents should be aware that many initial steps in the process require homeowner contact to determine program eligibility. Once the appropriate short sale program has been identified, a short sale specialist will be assigned and Equator will launch the agent tasks.

Action Required:

For status updates and immediate questions, agents should continue to contact Short Sale Customer Care at 1.866.880.1232.

Agents should use Equator messaging as the primary way to communicate with their short sale specialist.

Homeowner Documentation:
Short sale specialists are able to identify earlier in the process which homeowner documents, if any, are required. Depending on the homeowner's situation, the amount of documentation required may be significantly reduced. However, the short sale process will not move forward until all required homeowner documentation is provided.

Action Required:

Agents can message their short sale specialist to clarify which documents are required.

Agents should obtain these documents and upload them to the Equator Library under Property Files as soon as possible.

Initial Offer Evaluation:
If an offer is submitted that is significantly lower than current values, the offer may be rejected and the agent will be notified in the Equator system. The Submit Short Sale Offer task will reopen and a new offer must be submitted.

Action Required:

Agents should renegotiate with the buyer to agree on the highest and best offer and execute the new signed contract.

In order to complete the task, all supporting documents must be updated to reflect the current offer details.

Stay tuned for future communications and educational materials related to this series of technology enhancements.

Check out our FREE short sale agent networking and resource site, www.TheShortSaleGuide.com,
as well as our listing referral program and online training course!

Find Jacksonville FL Real Estate on our local website, or subscribe
to my blog at http://activerain.com/blogs/shortsalespecialistnetwork

Visit The Short Sale Specialist Network

Are you a local Short Sale Expert?
Join the Short Sale Specialist Network
www.TheShortSaleGuide.com

Copyrighted Content - First Coast Realty Associates 2009 - Please Do not copy!

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

"Price Isn't Everything: Evaluating an Offer"- WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE-HAMPTON NH REAL ESTATE-

Tue, 12 Apr 2011 13:02:05 -0700

Read this interesting post about "Price Isn't Everything: Evaluating and Offer" I know it might be hard to believe but it's true....sometimes. Terms are important and play into the "big picture" for closing the deal. check it out, I think you will agree. By the way, if you are planning a move to seacoast NH or Maine please give me a call direct @ (603)944-1465 I'd welcome the opportunity to be of help.

Thank you,

~Patricia

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~ PATRICIA AULSON/REALTOR ~

SEACOAST NEW HAMPSHIRE & MAINE

PROPERTY SEARCH FOLLOW LINK BELOW

WWW.PATRICIA4REALESTATE.COM

DIRECT (603) 944-1465

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Via Patricia Kennedy (Evers & Company Realtors):

Price Isn't Everything: Evaluating an Offer

Just at the point your are totally sick of making the beds and keeping the kitchen pristine, an offer comes in, and you are stoked. And as you imagine what it's going to look like, you are probably focused on the line in the contract that reads Total Sales Price.

While that's natural, price is not the most important thing that will be in that offer. Here are some other things to look for:

What type of financing are the buyers planning to use? If they are putting down at least 20%, that’s better than if they are trying to get in with a mortgage product that might allow for a low down payment. They are out there, but lenders have very strict guidelines.

How big is their earnest money deposit? This is a case where size matters.

Are they financially qualified to buy your house? Have they been preapproved?

Which lender are they using? Some are good. Others are problematic, especially when it comes to appraisals and final loan approval.

Did they include an appraisal contingency? If so, and if the appraisal comes in low, they will have to increase their down payment or ask you to lower the price. If you don’t, they can walk.

Where is the down payment coming from? If they are using equity from their current home, is it already under contract? If so, how strong is that contract? You will want your agent to have a look at their contract and talk to the other buyers’ lender.

What does their offer say about what happens if the contract on their house falls apart? Can they settle anyway?

Are they asking for a credit at settlement to help them pay their closing costs? If so, this will reduce your net, and it could have a negative impact on the appraisal.

How long do they want for their home inspection? Anything over a week is a little excessive.

Are there other contingencies that increase the risk that the transaction won’t work? Do they need to finalize a new job? Do they need their parents’ approval?

Keep in mind that if there are things you don't like, you can always counter the buyer's offer. And as long as they are financially viable buyers, it's better to counter than to just say no. If the would be buyers are willing, but not ready or able financially to buy your home, that's when you say no.

When your "SOLD" sign goes up, you really do want it to stay up!

If you are planning a move to or from the Washington, DC area, I can help. Call, email or text me at:

Housepat@mac.com

202-549-5167

Licensed in DC, Virginia and Maryland

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

WHAT ARE NEIGHBORS FOR? "PAY IT FORWARD"-WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE

Mon, 31 Jan 2011 21:49:39 -0800

WHAT ARE NEIGHBORS FOR.............

Years ago neighbors helped each other out when they needed help. Nowadays that's changed quite a lot. People tend to stay more to themselves. As a kid I can remember going next door to borrow an egg or a cup of milk or sugar. The neighbors didn't mind in the least , they were happy to oblige...

WHEN YOU CAN HELP A NEIGHBOR DO IT..........Helping out a neighbor in need is the right thing to do I thought. Well that's what I did the other day. My neighbors power was out for a couple of days due to burner/ furnace issues. I told them they could use our extra bathroom to shower and so they did.

YOU NEVER KNOW WHEN THE SHOE MIGHT BE ON THE OTHER FOOT........ so as I was taught to "Love thy neighbor as I would myself."

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Your local Nursing Homes can use a hand/Pay It Forward Group-www.patricia4realestate.com-real estate Portsmouth New Hampshire

Fri, 28 Jan 2011 13:05:19 -0800

Your local Nursing Homes can use a hand.....

Now here's a way that I can help right within my town and not travel very far in the winter weather. There are those people in Nursing Homes that are alone, lonely and would love to have you come and visit them. Many times these residents don't have family that live near them, or any family at all.

Visiting the residents can help them and brighten YOUR day......

Visiting can work with my schedule. When I have the time in my every day schedule, I spend a few hours helping out by reading to some of the residents. Many of these people love this as their eyesight isn't very good or their glasses need to be adjusted. It's a very rewarding time to spend a few hours, give it a try , I think you'll agree it does the heart good.

Those without families or friends are lonely.....

The days are long when there's no one visiting you. It really doesn't matter if you read to them or just visit. Your presence is what helps the lonely heart...... just being there is what they need to help while away the hours

~ Check with those Nursing Homes in your town to see if you can put some life into a lonely soul. ~

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

I'm Homeless and Need to Eat-Can't You Spare a Buck Please? `Pay It Forward-www.patricia4realestate.com-Real Estate Portsmouth New Hampshire

Fri, 07 Jan 2011 13:32:07 -0800

I'M HOMELESS AND NEED TO EAT-CAN YOU SPARE A BUCK PLEASE?

That was the sign a homeless person had clinging to his jacket the other day in front of a store while he braved the freezing temperatures and blustery wind. I'm struck by how many homeless people I see these days standing on corners begging. Sad to say but this has become a way of life for some people unfortunately.

I'm a sucker for this kind of thing and well up with tears every time I see people begging. I immediately reach into my purse and handed him a $10 dollar bill. "God Bless you" I said as I gave it to him, "I hope the New Year will bring you some good fortune and joy."

He smiled back at me with a toothless grin and kept repeating "God Bless You.....God Bless You" His smile alone was worth the $10 bucks and more. I continued on filled with tears and gratitude for what I have in life and often take for granted. Well this was a clear reminder that whatever was bothering me that morning seemed so incidental to the beggar's lot in life. It sure did put things into perspective that's for sure.

Count your blessings, I thought...... for clearly I have many.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Energy Savings By The Numbers-WWW.PATRICIA4REALESTATE.REAL ESTATE PORTSMOUTH NEW HAMPSHIRE CALL PATRICIA

Tue, 04 Jan 2011 19:00:05 -0800

People can benefit by reading this worthwhile post especially in this economy. It is a tough economy so reading this can give you some great ideas on being more efficient with energy. Hope you enjoy the read!

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WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

SERVING SEACOAST NEW HAMPSHIRE & MAINE

DIRECT CELL (603) 944-1465

QUESTING AND CONCERNS WELCOME ANYTIME

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Via Gary Woltal - Assoc. Broker REALTOR® SFR Dallas Ft. Worth (Keller Williams Realty):

With all the things you could do around the house to save money energy wise with making changes is it significant? Or just pinching pennies the way some people claim coupon clipping is?

Hey it's a tough economy. Here are a few things about appliances and systems in being more efficient with energy.

A top mount freezer if you freeze a lot of food is more efficient than side or bottom mount ones

If you replaced your top loading washer with the newer version energy efficient front loading one you typically would save $50 a year on the water bill. Now that one might not be significant enough.

With those compact fluorescent light bulbs over its life replacing the incandescent bulb you will save per bulb $30. So count up your bulbs changed out and multiply. Some people still don't like the mercury hazard, at least disposal or breakage with CFL's. Your choice. Compact fluorescents do use a staggering 50% less electric than incandescents so that lowers heat into the air too. If you turn a CFL on and off too often it will shorten its life

If you UPGRADED your air conditioning system in a ten year old house, 2,000 sqft two story you could save $250 on electric a year. Now you must consider the investment to do that. If you stay in the house a long time, maybe smart

If you have a four setting programmable thermostat instead of just manually adjusting the temp you can save up to $180 a year. Not bad

The percentage of cooled or heated air LOST through duct leaks in the house is a whopping 20%. They have these detection tools that can spot this, so that one can be HUGE to get repaired

Finally, a real advantage of having a programmable by time of day thermostat by having it start to cool down the air just before you come home is it uses a lot less energy than maintaining a constant temperature all day. Many think air conditioners work harder bringing the temperature down vs. a constant temperature but they don't

Don't believe all the hype on energy savings, some is just nickels and dimes but some is significant. Check your roof and windows too, huge losses of energy without radiant barrier protection in the South and efficent style windows.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Does your managing broker compete with you?-WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE-HAMPTON NH HOMES CALL PATRICIA (603)944-1465

Tue, 04 Jan 2011 18:35:08 -0800

Here's an interesting post I thouogh worthy of to reblog for your interest. Does your managing broker sell and list properties? I don't think it's right that they are getting a salary from the company and then they take those calls that come in and ask to speak to the manager! Read the post and see what you think? compete or not? That is the question.

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WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

SERVING SEACOAST NH & ME

DIRECT CELL (603) 944-1465

QUESTIONS AND CONCERNS WELCOME ANYTIME

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Via Alan May, Coldwell Banker Evanston, Illinois Realtor® (Chicago's Northern Suburbs):

Does your managing broker sell and list properties?

Your managing broker is in an enviable position, for someone who sells and lists properties. They often are the one that people call, asking if the manager can give them the name of one of the top agents in the office, who might be good to help sell their property. Or do they know someone who'd be good to help find lakefront property for a relocating couple, coming in from New York City.

A managing broker who also lists and sells would be in a position to shortstop some of those calls, and accept the leads for themselves... after all, what client could resist the sales pitch (from someone whose opinion they were just soliciting) "Well... I list / sell properties in that area, and I AM the managing broker, here in the office, so I could do an excellent job for you". And even the most ethical manager might find herself in a difficult position, if a particularly lucrative listing or buyer might cross her desk.

My managing broker does not routinely list or sell properties. She does not compete with me (or any of the other agents in the office) for listings or buyers. Managing an office of almost 100 prima-donna agents (and yes, I include myself in the land of primadonnaville) is a full-time job... maybe a job and a half, and she dedicates all of her professional time to that task.

There are managing brokers in our area who do list and sell regularly. They are in smaller offices, and list and sell in order to supplement their income. I don't like the idea of my manager competing with me for listings. Their title gives them a slight edge with the public, and I don't think that's right.

How about yours? Does your manager compete with you? Are you okay with that... how do you feel about it?

ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate
Coldwell Banker Residential Real Estate, 2929 Central Street, Evanston, IL 60201
847.425.3779 Cell: 847.924.3313 Email: Almay@aol.com

Evanston Real Estate & North Shore Real Estate

Do not copy the content of this blog, for use elsewhere, without first contacting the author for permission. Reblogging,
when the button is available, is allowed. All other use is strictly prohibited without express permission from the author.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Top 5 Reasons to Commit to Your Real Estate Agent Now

Sun, 02 Jan 2011 21:10:33 -0800

I absoloutely love this post so I thought you people out there would enjoy it as well. It tell the reader about the value of hiring a real estate agent to work for you! I hope you find it both informative and helpful.

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WWW.PATRICIA4REALESTATE.COM

SOLD@PATRICIA4REALESTATE

DIRECT CELL (603) 944-1465

SERVING SEACOAST NH & ME

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Via Tni LeBlanc REALTOR® Santa Maria Homes Central Coast:

Top 5 Reasons to Commit to Your Real Estate Agent Now

1)      They can do a better job for you. With commitment and loyalty comes trust. I can do ten times more for a client if they are committed and they trust me. If you are working with an agent that you don't trust, you need to move on, because there really is no point. Last year, I saved a client $195,000 on a foreclosure he was purchasing. I convinced the bank to lower the price by almost one third. How was that possible? My client trusted me. Not blindly, but I definitely asked him to do some things he didn't think were necessary. In the end, I was able to save him almost two hundred thousand dollars simply because he trusted that I knew what I was talking about. Could I have done that with an uncommitted client that didn't trust me? Absolutely not.

2)      They will stop being a salesperson and start being an advisor. Hate all that sales-talk? Want your real estate agent to stop selling you? Look them straight in the eye and say "I'm buying a house with you, period, you are my agent," or "I am listing my house with you, period, you are my agent." And mean it. What will happen next? Most agents will morph right before your eyes from a salesperson into an advisor. Now that you've gotten that out of the way, they can start to do their job. Want to get some of the worst real estate advice? Keep every real estate agent you talk to on a string and make them dance for your business. Sales-talk is a little like dating-talk, it's a necessary skill to have, and not exactly fake, but not exactly real either.

3)      They'll make sure you know when you're wrong. Imagine you are wrong about something. Not a little wrong, but very wrong and extremely convinced. You would want your real estate agent to tell you, right? Well there is telling and there is telling. I always give my clients my honest opinion no matter what - the inability to contain my actual opinion is a burden I've carried my whole life. However, if I am dealing with an uncommitted client, I say my opinion a couple times and I move on. Not that long ago, I had a client who was about to overpay by $70,000 for a piece of property. I told him he was wrong over and over again and frankly, we argued about it. He called me months later not only to tell me I was right, but also to thank me for saving him $70,000 as he would have already been underwater on that property. Would I have spent all the hours and hours pouring over market data to prove my case, showing him that property (and its defects) multiple times, and chatting in the street, if didn't KNOW I was his agent? Not a chance.

4)      They come across great deals all the time and they only call their best clients. I know you think you are gaming the system by emailing 15 different agents or calling them from a blocked number and telling them to bring you a "deal." However, as a real estate agent, I come across great deals all the time, and I won't be emailing them to anybody. First of all, I have no idea who I am emailing. I could be emailing my competition or someone who is working with my competition. If you don't trust me enough to give me your phone number, why would I email you the best deal I came across in the last 3 months? If I don't have a pre-approval, a proof of funds and a phone number, you won't be getting notified when the best thing since sliced bread hits the market. I'll be calling my committed client that has their ducks in a row, whose motivation and tastes I understand because we've talked about it, and who bothered to give me their unlisted phone number.

5)      The best real estate agents have their choice of clients. Sure you might catch a good REALTOR® in a bad market and they go against their gut and work with you even though they know you are not fully committed to them. But, usually the best real estate agents can pick and choose who they work with based on whether your listing fits their business plan, whether you have saved a down payment, whether you are truly motivated, and also whether you are committed to them. The truth is there are plenty of loyal clients out there, and a loyal and committed client is worth 10 times more than a disloyal one regardless of price range or almost any other factor, and every successful real estate agent knows that. Remain uncommitted and you are lowering the chances of getting an experienced agent to work with you. You are, in effect, limiting your prospective agent pool to those that simply don't know or can't do better.

Tni LeBlanc, Mint Properties
Broker/Owner, Attorney
CA DRE License #01871795
http://SantaMariaRealEstateBlog.com
(805) 878-9879 - cell

Copyright © Tni LeBlanc 2010 * Top 5 Reasons to Commit to Your Real Estate Agent Now*

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Recent posts:

Confessions of A Short Sale Agent: I Already Hate Your Bank - Featured!
4 Biggest Mistakes Short Sale Sellers Make - Featured!

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Credit Scores Part 2 – Understanding your Credit Scores- WWW.PATRICIA4REALESTATE.COM -REAL ESTATE PORTSMOUTH NEW HAMPSHIRE

Sun, 02 Jan 2011 20:59:15 -0800

This is a very interesting and informative blog so I thought I'd get it out to you. Lots of people don't realize how their credit scores work and what can be done to help fix them. Lots of good tips here so..... Hope you enjoy the read.

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WWW.PATRICIA4REALESTATE.COM

EM:SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SERVING SEACOAST NEW HAMPSHIRE & ME

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Via Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( - FHA Home Loans - Infinity Home Mortgage Company, Inc):

Trying to understand Credit Scores can seem to be complex at times, especially when there are so many so-called experts online and or credit repair companies. Trust me, I have sat next to loan officers in the past that just made up things as they went along.

Many that come to me and seek my help or advice usually seem to be those borrowers that were previously approved. Yet are denied last minute and in most cases it was because of their credit. And for two months while in processing, that borrower was told all was okay. So how can this be?

In my own opinion, there are three main factors that a loan officer should look at.

1.) Credit scores aka fico scores

2.) All items that are derogatory, to include : latenesses, judgments, collection accounts, bankruptcies, etc

3.) Your credit balances vs your credit limits, to see if you abuse your credit.

What I seem to find that happens in many cases is that the loan officer dwells on the credit score the most, thinking that the deal should not be as difficult if that borrower meets the credit score requirements. Or for the fact that they can’t distinguish less than perfect credit for bad credit. But lately, I am finding more borrowers that were told no problems during the process and their credit scores were between 580 and 619. Here is the reality of it. Most lenders now require 640 or higher. Yes, FHA allows a borrower to go to 500, while on conventional loans you can go to 620. And there are some, such as Infinity Home Mortgage, where we can go to 620 on a case-by-case, if the loan makes sense and the borrower meets the basic guidelines pertaining to debt ratios. Here is the problem. There are a few lenders that will portfolio their loans and go as low as 580. Not only are the rates about 1.5 percent higher than normal market rates, that come with a few more points, but have more lender overlays regarding the lending guidelines. Yet it is very hard to close these loans. Even though I could broker out these types of loans, I tell the borrower that it is best to get their scores up to 620 or higher for various reasons.

When dealing with a lender when you have lower credit scores, your first question is, “how do I get them higher?” This can be such a dangerous question, because there are so many different answers and some are either wrong or misleading.

Example : If you have collection accounts that are two years or older, you should not pay them off at all until you go to settlement. When you pay anything off, that creditor or collection agency will be reporting this to the credit bureaus, which creates a new date. This does affect your credit score for the worse. I tell people not to pay off a thing until settlement, if requested to be paid off.

How can you increase those credit scores?

Keep your balances at thirty percent or less of your high credit limit. The higher the balance to credit limit, the more it will hurt your credit score.

If you don’t have many open trade-lines, you should obtain new credit. "Well, I can’t get a credit card, I tried and was denied." You can get a secured credit card. Just get a $250 limit and keep your balance at $25. Make a payment as soon as you can, not waiting for your bill. Then ask if you can get a letter stating that you made a payment on time and the lenders credit agency might be able to re-score your report. If not, you will just have to wait the full thirty days.

Credit latenesses – We know that 30 day lates hurt, but what can hurt more are 60 and 90 day lates. Your scores will get a tad better after three months, as long as you aren’t late on anything else. But these credit scores can improve drastically after six full months, as long as you aren’t late on anything.

I talked about keeping your credit balances low. Sometimes if you even pay down your balance even more, this could help your score.

Example 1 : I have a client who has a mid score of 587. They have one credit card with a credit limit of $6,500 and currently have a balance of $4,000. If they paid it down the normal 30% limit, that would be $1,950 and their score would rise about 16 points. If they pay it down to a balance of $750, their score would increase another 19 points, for a total of 35 points.

Example 2 : The same client also has a card with a $351 balance and their credit limit is $600. To pay it down to the 30% level won’t do much, about 5 more points. But paying it off completely, they will get another 7 points, totaling 12 points. Overall, I am now increasing their credit scores by 47 points. And this will get their mid credit score to 636.

Conclusion: You need to deal with a loan officer that not only understands these different scenarios, but one who has access to a credit analyzer. Never assume what you should do from those on the internet, or from a family member, or from credit repair companies that tell you the world. If they didn’t run a credit analyzer/simulator, then it’s all a guess, with hope and a prayer. And if the lender doesn’t have access to a credit analyzer, then seek one that does.

Key Reminder : Unless instructed to do so, never pay off your credit cards. Keeping a running balance on revolving credit will help if under control. Paying off installment loans won’t really help your credit scores.

Key reminder when others check your credit scores. If you get an outside source such as True Credit Report or Free Credit Report, your credit scores will usually be higher than when a mortgage company pulls your credit. Why? Because each uses a different logarithm. Just as those that give out car loans, they have a different logarithm.

Credit Scores Part 1 – The basics and that you don’t need 700 credit scores or 20 percent down

Credit Scores Part 2 – Understanding your Credit Scores

Disclaimer : I don’t work for a credit agency nor should I be considered a true credit expert. However, I do understand more than the basics and this information is based on my knowledge and research from many years in the mortgage industry.

PS.. don't hesitate to reblog this for your clients and or readers. Thanks

My New Years Gift to all of you.... something that took me a day to put together, like a mini book with many ideas for better business in 2011.

Your 2011 Business Plan - Keeping your eye on the moving target

thanks

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Using Google Docs to Create Forms & Generate Leads-WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE

Sun, 02 Jan 2011 20:42:20 -0800

Here's a great post on Google Docs.....Who doesn't like Google Docs right? It's a great tool that is often overlooked. Hope you enjoy the read!

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EM: SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SERVING SEACOAST NH & ME

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Via Jeremy Blanton (210 Consulting~ Social Media Advisors):

Google Docs are one of my favorite tools on the web and also one that I think gets overlooked by so many people. Since I no longer own a PC I don't have access to Microsoft Word & Excel, so when I want to create documents and spreadsheets to send to someone I always use Google Docs. Another thing I love about Google Docs is the fact that you can share them with others and collaborate together. One way we collaborate in Google Docs is for our weekly radio show. Since there are four regular contributors into the show, it is a great easy way to share what topics we are going to discuss, notes on our guest speaker and so much more. It's a great way for all of us to access the same info and share things with each other quickly.
The other big function of Google Docs that I think gets overlooked by so many is the form function. The form allows you to create a document that can be embedded into a website, blog post or just about anywhere else. It gives you the creator a simple way to collect information from readers who want to participate. For example, I recently ran a contest for a company where we wanted people to be able to register for the contest. Consumers could simply fill out the form with their name, email address and phone number.
All of the information was then stored in an excel spreadsheet that I could then use to determine winners, and also have a good set of leads to follow up on about possibly purchasing a custom WordPress Site. So you may be wondering, how do you create these forms and how can they be used for generating leads. Well, I am going to show you how to quickly and easily create a form, install it into your site and then how the answers populate. Watch the video below to see step by step how I create and implement Google Docs form builder:

Also, here is the Google Form I created in the video so you can see how one works live:
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If you have any questions/comments, feel free to leave them below.
Originally Posted at: 210 Consulting- Social Media Advisors

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I am the Co-Founder of 210 Consulting- Social Media Advisors. If you would like more information on any of the topics discussed in this blog, please contact me directly. We specialize in social media training, online consulting, and the creation of your own custom WordPress site.

Feel free to subscribe to my blog to keep up to date with my latest posts of tips & tricks to enhance your experience on ActiveRain. If you would like, you can sign up to receive updates via email directly in your inbox.

Also, let's connect on these great social networks:

Useful Blog Posts:

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_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

HOW TIME FLIES WHEN YOUR HAVING FUN! - WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE- HAMPTON NH HOMES-SEACOAST NH & ME

Sun, 02 Jan 2011 20:30:24 -0800

HOW TIME FLIES WHEN YOUR HAVING FUN!

It sure is hard to believe that I've been an active member of AR since 2007. What a trip it's been! Every day I've dedicated time, usually in the morning, to sit down and log in to AR. Looking over the many wonderful posts that other members have taken the time to share with us is amazing.

Hardly a day goes by that I don't learn something. Things constantly change as does the weather, especially hear in New England, so the best place to go to is Active Rain each morning and read the many interesting posts.

There are usually interesting contests you can participate in if you wish and earn some points as well. It's a fun thing to do as well as a challenge.

Friendships are nice and over this last 3 plus years I always love to hear from some of my favorite AR members. These people have been helpful and inspirational.

AR is a great place to be if you want to belong to a social media....Tell your friends about it, they'll LOVE AR! By the way if I can be of help anytime please feel free to contact me anytime. My contact information is below for your convenience. I'll look forward to hearing from you.

I'm already for another New Year w/ ACTIVE RAIN.....

Sincerely,

~Patricia

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EM: SOLD@PATRICIA4REALESTATE.COM

~ DIRECT CELL (603) 944-1465 ~

SERVING SEACOAST NEW HAMPSHIRE & MAINE

_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

YOU'RE AN "R" AND YOU WANNA BE AN "O", BUT YOU MUST BE A "B" FIRST

Sun, 02 Jan 2011 19:56:41 -0800

This post is worth reading so I thought I'd share it by re-blogging. I'm sure there are those people who would be interested to know they might be able to buy instead of rent. Why pay off the mortgage for the landlord ? I hope you enjoy the read.

WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SERVING SEACOAST NH & ME

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Via Steve Baklaich (RE/MAX Realty Source St Cloud Mn real estate):

You're an R and you wanna be an O, but you must be a B first...

So, your an R (Renter) and you have been noticing that every month you pay hundreds of dollars to help your landlord pay off his/her mortgage, and you're no longer thrilled with this arrangement. Maybe, you think, it would be nice to be an O (Owner), and have something of value for all the money going out each month!

Well, you need to first change from an R to a B (Buyer), and that brings up the question of the day; are you a Buyer? Many Renters do not know if they can or should become Buyers, but in many cases they already are, and just don't know it! Ask yourself:

-Is my job and income source stable?

-Do I have some savings that could be used for down payment, and or home expenses?

-Is my lifestyle settled/will I be staying put for 3-5 years?

-Have I maintained my credit, paid on time, etc?

If you answered yes to these questions, you may already be a Buyer and should call me today to find out more. I can help you find a Lender, a home in your price range, and get you discounts on everything from appliances to furniture and more.

You may have heard in the news that it's hard to get financing today, and if you're starting a business that's true, but if you're buying a home it can be pretty simple. There is paperwork involved but we'll give you a free pen or two!

Steve Baklaich RE/MAX Realty Source www.stcloudareahomesforsale.com

Cell:320-260-3290 Saint Cloud Minnesota Real Estate

If you are relocating to central Minnesota check out all the wonderful reasons to love St Cloud. It is a wonderful area full of things to do and lots of great houses. I would welcome the opportunity to help you find your perfect place here. Visit my St Cloud real estate website for more information about buying or selling a home, or property in the central Minnesota real estate market.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

"PAY IT FORWARD" January 1st, 2011-NEW YEARS DAY SURPRISE=WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE

Sat, 01 Jan 2011 21:48:12 -0800

NEW YEARS DAY-January 1st 2011 - I had a New Year's Day celebration planned for my family today when things changed with the head count. As I was preparing dinner and everyone was scurrying about the house I suddenly see the ambulance in my next door neighbors yard. The couple that live there are elderly. She is in her mid-eights and he is 91. She is rather frail and crippled up and has taken a few falls these last five years. He is rather spry for his age actually and manages to get around though slowly.

The Macguire's have been a happily married couple for many years and raised three children who have added to the family by having 4 children and then there are the grandchildren. They had hoped that their kids would be over to cook dinner today but that didn't come to pass as it turned out. They were sick and didn't want to possibly spread germs to these elderly people.

After watching the paramedics go into the house I thought I'd go over to see what happened. The Mrs. had taken a fall, once again and Mr. Macquire called for help. Well they took her to the hospital and I drove Mr. to the Emergency Room and stayed there until they got her settled in a room. Fortunately she didn't break any bones but was bruised a bit and dazed from the fall.

I brought Mr. Macquire home with me and brought him to my house and he stay with us for dinner. He was so grateful that someone was there to help him through the ordeal. He was relieved to hear that his wife was ok and that there was nothing serious going on. It goes to show that from day to day you never know what's going to happen.

His daughter showed up later at our house and took him back home. It was good to be of help in time of need. I would hope someone would look after me or my family if they needed help.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Did You Really Expect a Counter Offer? - WWW.PATRICIA4REALESTATE.COM-REAL ESTATE PORTSMOUTH NEW HAMPSHIRE-SEACOAST NH-HAMPTON NH REAL ESTATE

Sat, 01 Jan 2011 21:02:32 -0800

I thought this was a very informative blog for those buyers out there that labor under the misconception that they can make a "low ball offer" and then expect a counter offer from the seller.There are some very good points made in this blog that might enlighten those of you who are thinking of submitting in an offer that just doesn't make sense. Hope you enjoy the read.

WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SERVING SEACOAST NH & ME

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Via Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes):

While teaching a class on purchase contract negotiations, I used an example of a home seller who rejected an offer. The buyer's agent was upset that they didn't counter.

It was an appropriately priced home, that showed well. The buyer sent in an offer for $100,000 less than the asking price. There was no cover letter, no pre-approval letter and the contract looked like it was written by a 3^rd grader. No indication they were serious or would be able to close. So the seller rejected the offer.

The buyer's agent responded immediately and demanded and explanation as to why they didn't counter.

Here is where the buyer and their agent went wrong:

The price was so far from anything the seller would accept, they had no common ground. They were not going to meet them in the middle or anything close to it.

The contract was not executable. In the rare case that the seller considered accepting the price, they could not sign the contract. They would be forced to counter to clean up the mistakes. The counter would require a re-write of the entire contract to clean up mistakes. If they have to counter to clean up the contract, the price is on the table too. This mistake weakens the buyer's hand in a negotiation.

The buyer did not persuade the seller they were serious.

The buyer's agent showed a lack of professionalism and convinced the other side this would be a painful at best escrow, if it ever got there.

The buyer did not make the case that they could close if they got to escrow.

Bottom line - The buyer did not give the seller any real basis for a negotiation.

When you make an offer on a home you need to do a few things.

Present a clean, executable contract. If they sign it, you are going to escrow. Be sure they are not forced to counter, to clean up your contract. If they do, everything is on the table.

Demonstrate that if they accept your offer, they will be dealing with a professional and not an idiot.

If you offer less than the seller wants to accept, make your offer strong and attractive in every other way. Make them think twice before taking the risk of losing your buyer by countering.

Here's the bottom line. You need to make the case that if they take their home off the market, you will bring it to closing.

When presenting an offer, make the other side feel comfortable dealing with you. If they feel confident you can close, they may be a little more negotiable. Solid buyers do not grow on trees. Flaky buyers and flaky agents do not get the same level of respect.

I just added a follow-up blog post to this one: Not All Realtors® Agree - Rejection vs. Counter Offer

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Start 2011 With This Kind Of Change

Sat, 01 Jan 2011 16:23:19 -0800

I thought this blog would be worth while reblogging today. It's about change! I always like the saying, "change is good.....you go first!" Lots of us will be changing our ways, attitudes, diet, etc...starting today, Jan. 1, 2011 Out with the old and in with the new year!

WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SEACOAST NH & ME

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Via Gary Woltal - Assoc. Broker REALTOR® SFR Dallas Ft. Worth (Keller Williams Realty):

In the days and weeks ahead I would ask that you ponder and

Start 2011 With This Kind Of Change.

Everyone works on change on their outside, weight control, stop smoking, add exercise. But this year in your meditation or making 2011 your BEST ever year, think about change ON YOUR INSIDE.

Happiness- know what makes you happy and do more of that stuff.

Inner PEACE- do whatever it takes to secure this in your life and you will be miles ahead of everyone around you and at near self mastery

Health- make it on your to do list to check INSIDE your body - blood test, blood pressure measurement, and colonoscopy, health screenings as age appropriate.

Social- check your attitude toward others and put Mr. or Miss Grumpy out to pasture. Say in your mind you have mellowed out and that agitated old self of yours has been put out to pasture and you are going to walk around with a lot more smiles on your face and keep your mouth shut to much negativity. The world will start working a lot better for you with people in your life.

Mental- Try something novel and get better at it, like a foreign language or musical playing. At the end of 2011 you will have something you don't have now.

Look INSIDE YOU with resolutions this year, and from the INSIDE OUT make a better you in 2011. Life is short. Don't delay.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

"I Don't Want to Waste My Time (so I'll Waste Yours)"

Sat, 01 Jan 2011 16:11:31 -0800

I really enjoyed this blog and thought it worthwhile to reblog it today for your interest. There are lots of very good comments as well to read. Hope you enjoy it as well and find the read informative and useful.

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EM: SOLD@PATRICIA4REAL ESTATE.COM

SERVING SEACOAST NEW HAMPSHIRE

DIRECT CELL (603) 944-1465

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Via J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY:

Having represented buyers and sellers for 14 years I can appreciate the job that licensees have to do for their clients on both sides of the transaction. I may expound on the role of the listing agent in another post, but for now I want to address a trend I am seeing more and more in Westchester agents who identify themselves as a "buyer's agent."

First, an example: A buyer sees a home they like, and they email their agent that they'd like to see it, but have a few questions. One of the questions is whether or not the complex is approved for FHA financing. The buyer agent emails the listing agent, who says that he knows of no prohibition on FHA financing but they should ask their loan officer, who can run the address. The "buyer agent" then tells the buyers that the listing agent knows of no problem with FHA. They see the home, like it, and make an offer. After inspections, contracts, and shopping around for a mortgage, the FHA issue is forgotten. The buyer's attorney and loan officer, seeing that the townhome is Fee Simple ownership (not a condo), do not ask about FHA. 2 weeks after the question is asked by the -ahem- "buyer's agent," FHA financing is chosen as the best option. 3 weeks later, the deal dies when the bank refuses to do a spot approval on the unit because the complex is not FHA approved. 5 weeks are wasted.

Sound unlikely? It isn't. More and more *ahem* "buyer agents" are nothing more than glorified chauffeurs and door openers who do little to no research to advocate for their client. They lazily ask the listing agent to do their research for them and sloppily interpret what is told-or not told- them, passing it along to their buyers to speed to process along to the closing and the collection of the check.

While we can criticize listing agents for inaccurate information, it is irresponsible for buyer agents to accept listing information as gospel, and it is antithetical to buyer agency to not independently verify code compliance, clear title, or to rely on listing aqents to research curveball questions from their buyers.

I'll repeat that last part in case it wasn't clear: If you are a -ahem- "buyer agent" and your client has a question on a property that requires independent verification, you are screwing your -ahem- "client" over by not getting the answer yourself and demanding that the listing agent research the answer, especially if the property hasn't been shown yet.

I'll restate that if it wasn't clear: It takes chutzpah to ask the listing agent to do your research for you.

Among the questions posed to me lately that a buyer agent ought not rely on the listing agent to answer:

Is the complex FHA approved?

Are there any rules governing additions?

Are there any prohibitions from the town on a privacy fence?

Will the setback rules allow for expansion of the garage?

Can we build an addition?

Does the co op allow pets/renting?

The listing agent is not the advocate for the buyer and is not obliged to bird dog unique questions. Buyers are civilians; they are going to ask millions of questions- subdivision rules-mineral rights-setback rules-zoning-and their buyer agent need to diligently get answers from primary sources, not the other side. It's like Johnny Cochran calling Marcia Clarke and asking how he could get OJ off. It doesn't work that way. Many agents (and their assistants! don't get me started) don't like it when I tell them this. But I'm not splitting my fee 50/50 when I do 90% of the work. I've got my hands full over here, thank you.

Yet more and more, I am getting buyer agents asking me to do their work for them. They don't want to show the place if I can't get them answers, they say. No wonder buyers are gravitating toward rebate based operations- they don't see their agents as earning their fee! Anyone can unlock a door and write up an offer. Break a sweat! Pull that property card. Call the building department. Call the HOA and verify rules. Hiding behind the representations of the listing agent does not absolve buyer agents from liability, nor does it make a good shortcut for honest work on behalf of the client, who is entrusting their financial future to people who are really just working for themselves. Buyers deserve better.

9/28 Note: Thanks for all your comments. All real estate is local, and if you work in an MLS where possible financing is a required field, please bear in mind that my local MLS does not. Again, all markets are local. Substitute instead setback rules for expansion, a deck, or the feasibility of a fence. Buyer agents should always verify what is represented, and should research hypothetical scenarios on which the MLS is silent from primary sources in the interest of their client. The listing agent cannot, and should not, make representations about altering the property unless all plans and permits are in place and current. In Westchester and Putnam counties, possible financing is the responsibility of the buyers agent unless the property is a co op, then requirements must be posted in required fields!

Subscribe to J. Philip's Real Estate Blog by Email

We Are Westchester County & Metro New York Real Estate. Reach Phil at (914) 723-8900.

J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. Vice President, Empire Access Multiple Listing Service.

I am one of New York's premier short sale REALTORS, serving Westchester, the Hudson Valley & Metropolitan New York.

Free MLS Search! Register for a Free Listingbook account and search the MLS like an agent.

I am hiring agents. We offer outstanding support, marketing resources, and pasta.

All content/images, unless noted, are the property of J. Philip Faranda & may not be used without permission

_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

MISCONCEPTIONS ABOUT REVERSE MORTGAGES~ WWW.PATRICIA4REALESTATE.COM-REALESTATE PORTSMOUTH NEW HAMPSHIRE

Wed, 29 Dec 2010 20:27:43 -0800

Hope you find this post both informative and helpful. There are those misconceptions about a Reverse Mortgage so I hope you enjoy this post and that you will be happy to know that a Reverse Mortgage can work in many ways. I hope you enjoy the read.

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EM: SOLD@PATRICIA4REALESTATE.COM

DIRECT CELL (603) 944-1465

SERVING SEACOAST NH & ME

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Via Phil Stevenson Mortgage Professional, Miami & S.Florida (Mortgage Bankers of Florida):

Can I Purchase a Home Using the Reverse Mortgage? ABSOLUTELY!

This program is called the Reverse Purchase or Reverse Mortgage for Purchase. The program began at the beginning of 2009, and believe it or not very few people know it exists and those that do know about it don’t fully understand how it works.

Here is how it works for a current owner:

Let’s start with the example of the traditional Reverse Mortgage, which is done when someone already owns the home, has equity, and either wants to cash out or pay off their current mortgage without requiring future payments:

So John and Sally are 62 years old.

Their value is 200k, and they owe 100k.

Based on their age they have a benefit (or available loan amount) at approximately 60% of their value, which is 120k in this example.**

SO THEY USE THE MORTGAGE PROCEEDS OF 120K TO PAY OFF THEIR CURRENT MORTGAGE (eliminate their payment) AND CASH OUT THE REMAINING 20K TO USE AS THEY PLEASE.

Of course, if they owe nothing, then they keep the entire 120k.

Reverse Purchase NOT selling another property:

Using the same numbers from above; John and Sally must CREATE THE EQUITY IN THEIR NEW PURCHASE of a 200k house to qualify for the Reverse Mortgage for Purchase.

What does that mean?

If they needed 40% equity in the previous example, which was 80k of the 200k value, to qualify for the Reverse Mortgage Refinance, then their new down payment is 80k. They have just created the 40% equity with the down payment.

They will never need to make a payment on the NEW 120k mortgage because it will be a Reverse Mortgage!!!

Of course, they would need access to 80k in a current retirement fund and/or cash that they can use for the purchase.

COMMON MISUNDERSTANDING: Some people explain this as something more complicated than it is. They say, “You have the down payment plus closing costs,” and it scares them because they think it 40% plus closing. So when I gave the figure of 80k, that 80k INCLUDES ALL closing costs. It’s hard to visualize, but if and when I sit down with the borrower I can explain it in very easy terms.

Reverse Purchase when using funds from the sale of another property:

John and Sally are selling their current home for 400k. We will say that the 400k is their net proceeds after all costs of selling.

Normally they would use 200k of that 400k to buy the new house so that they can retire without a mortgage payment, but then they only have 200k remaining for savings or investments.

Why not keep 320k from the 400k sale instead of only 200k, and still not have a mortgage payment on the new purchase? Just refer to the example above when John and Sally purchased without selling a home.

John and Sally only use 80k from the 400k to buy the new house.

Thank you for taking the time to read this, and I hope it answered a lot of questions or opened your mind to a new concept for Realtors, buyers, and borrowers.

**All figures given are rounded estimates. The Reverse Mortgage does not give exact percentages based on age as there are many factors at play, such as value, age, current mortgage, costs, and program type.

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Information and content in this blog is original to Phil Stevenson.

Please click the "SUBSCRIBE TO MY BLOG" button on the right, and receive more Traditional and Reverse Mortgage information in Florida and other parts of the US & Puerto Rico.

Phil Stevenson

Miami, Florida Mortgage Professional

Cell: 786.586.3336

Phil Stevenson Reverse Mortgage Expert

Miami Mortgages & Florida Mortgages

Copyright © 2010 by Phil Stevenson

_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Big New Homeowner Mistake: Using the Fireplace Without Opening the Flue

Tue, 28 Dec 2010 19:34:55 -0800

Winter time....we all want to stay warm and cozy by the fire. Be pro active and make sure you get your fireplaced ready by checking to see that the flue is open. Think ahead, it will pay off. Check the post and you'll see what I mean.

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WWW.PATRICIA4REALESTATE.COM

SERVING SEACOAT NEW HAMPSHIRE & ME

CALL ME DIRECT @ (603) 944-1465 OR

EM: SOLD@PATRICIA4REALESTATE.COM

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Via Bev and Bob Meaux - NJ Buyer Agents (Towne Realty Group, LLC):

This is the perfect time to start a fire in the fireplace. For many new homeowners this is an exciting thought; to live out the fantasy of roasting marshmallows in their fireplace for the very first time or having everyone gather around the fireplace. But BE CAREFUL and don't forget the crucial first step! I know throughout New Jersey we probably have at least 10 - 15 inches of snow and the wind is still howling. The roads are treacherous, the public transportation is at a standstill and all reports say to stay in your home, so why not start a fire, but...

I've had many a homeowner -- not always a new homeowner either -- call me saying how they started a fire and before they knew it smoked filled their room. They thought the house was on fire or the home inspector didn't catch something during inspection or the logs were tainted, and on and on and on. When all is said and done, 95% of the time, the homeowner forgot to open the flue before starting the fire. Having the flue closed means there's know where for all the smoke to go. It rises and then falls back into the room when it realizes it can't go out. Do yourself a favor, find the flue and open it before you start the fire. Then do whatever you enjoy; put on your favorite music, wrap yourself in a blanket with a good book, play with the kids and enjoy.

See all the houses for sale in Maplewood, South Orange, and West Orange.

_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

You Contacted Me But Don't Want a Real Estate Agent?

Sat, 06 Nov 2010 22:42:19 -0700

If you are looking for an experienced dedicated Real Estate agent in Seacoast NH

www.patricia4realestate.com

EM: sold@patricia4realestate.com

"Experience isn't expensive.....it's Priceless!"

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Via Celeste "SALLY" Cheeseman HAWAII Real Estate & Relocations (Century 21 Liberty Homes):

I received a call from a potential buyer wanting to view my Mililani listing.   They're flexible on the days, but need to look at it in the evenings around 7pm OR the weekends are fine at any time.

First question: Are you preapproved for a loan? She says, ...well, we want to look around a bit and see if there's anything we like first. (How many times have we heard that?)

Second question: Are you working with another real estate agent? She says, "We aren't going to get a real estate agent".   I'm still wondering if I heard that correctly :)

If you are a SERIOUS Home Buyer you may want consider this:

By having your own representation with a Buyer's Agent you will have someone who is thinking in your best interests and walk you through the process step by step. There are many contingencies in a contract to go through and a licensed real estate agent knows our Hawaii Purchase Contract and Hawaii Real Estate Laws. You can read more info here>>> Advisory for Buying Your Hawaii Home )

The first step is to get preapproved for a home loan (unless you have all cash down of course) so you know what price range for properties you need to look in. This will not only help in targeting properties in your specific price range but you can stop wasting your time looking at properties that are well out of reach....OR....be comfortable knowing that the price range you're looking in fits your monthly budget for a monthly mortgage payment.

Realtors® assure their home sellers that they will show the property to qualified buyers. We assure our home buyers that we will think in their best interests and before showing that property we make sure they are qualified for it. Otherwise, you may be wasting your time.....and mine. I think they call that 'spinning wheels'.

If YOU were in the shoes of a Realtor® ......

Wouldn't you want to be thinking in the best interests of your client?

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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

WHAT A BEAUTIFUL DAY FOR A WALK! "..... Pay It Forward"

Fri, 29 Oct 2010 20:58:16 -0700

What a beautiful day for a walk!

What a beautiful day for a walk Mary said, .....she's my neighbor, as she sauntered by my house this morning. I noticed she was walking a dog. Cute little thing but very determined to go where she wanted and not where Mary wanted her to go. I hadn't seen her with a dog before so I asked her when she got the new puppy.

Mary went on to tell me that another neighbor who lived at the end of the road had fallen and broken her leg after falling .....and Mary had been nice enough to volunteer her time and energy by taking Sadie, the puppy out for the lady. Because the dog's owner was having trouble finding someone to come on a routine basis for the dog, Mary said she would walk Sadie until she could find someone to do it. Actually I think Sadie was walking Mary. That's the way it looked to me.

How nice is that! ....Mary didn't mind helping out . "That's what neighbors do she said , help each other out, and so it was. Mary and Sadie continued down the street through the falling leaves. It made me smile to know that there are nice people among us who come forth to help out when needed.

There are lots of wonderful people that are kind and caring in your neighborhood. All you have to do is look around and you'll see them.

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WWW. PATRICIA4REALESTATE.COM

"Experience isn't expensive......it's Priceless!"

REAL ESTATE PORTSMOUTH NEW HAMPSHIRE

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_______________________________________________________________________________________

PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Newbies.....Have You Thrown An Active Rain Party And No One Came? It'll Happen....Keep Blogging

Mon, 25 Oct 2010 10:57:46 -0700

Here's a great post for new Active Rain members that will help you stay motivated and focused as you travel down the road as a new member. I thought it would be a good one to reblog today....so, Hope you enjoy it.

PATRICIA AULSON

www.patricia4realestate.com

SEACOAST NH & ME

Via Karen Fiddler Broker/Realtor (The Fiddler Realty Team/eVantage Real Estate):

Everyone has been new to Active Rain at some point! Yep....it's true! Doesn't seem like it when you are trying to get your blogging feet wet, does it?

I remember! I remember spending hours, agonizing over a post that I just thought was "brilliant" only to find no comments waiting for me in my Inbox. None....

But I kept blogging...and you need to also. You also need to keep in mind that the purpose of the blog post is OUTSIDE CONSUMER EXPOSURE! And Google doesn't care if you are just starting out. Looking through some of my early posts with ZERO comments, I can also point to direct content from consumers. That's really the point!

When to walk away from an escrow

Buyers, what should you expect in escrow? What can a buyer's agent do for you?

Watch out for new restrictions on rental income when qualifying

These are all early posts of mine which resulted directly in contact with a client who ended up doing a transaction with me. So....remember, it's nice to have comments from your peers, and they will come. But keep focused on the real purpose of Active Rain and keep blogging! Even if you're the only Member at the Party! :)

Karen

Karen Fiddler
Broker/Associate
The Fiddler Realty Team/eVantage Real Estate
Lic # 01494165

www.searchfororangecounty.com

Serving all of Orange County, California Real Estate!
Buyer's Agents, Listing Agents, Short Sales, REOs, Equity Sales, Investors

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

"PAY IT FORWARD" MISS SCARLET - patricia4realestate.com - Real Estate Portsmouth New Hampshire

Thu, 21 Oct 2010 09:45:51 -0700

PLEASE VISIT YOUR LOCAL SPCA SHELTER TODAY.....

I wasn't planning on doing anything but dropping off some canned cat food yesterday at my local SPCA

I'm such a sucker for all these precious animals who have been abandoned , left behind and forgotten. How sad it is. I wish I could bring them all home and smother then with attention and love. While waiting to give the bag of canned cat food I brought, I casually looked around at the many beautiful, and in some cases sad and lonely faces that were looking at me from inside their cage.

I have a cat at home, she is 8 years old so I wasn't looking to get another, I was just dropping of the needed cat food. As I walked around there was one cat that caught my attention and my heart, although I tried to remain indifferent, it didn't work! Well an hour later, you guessed it, I walked out with:

Ms. Scarlet

Calico/Extra-Toes Cat (Hemingway Poly-dactyl) mix
Size: Medium
Age: Young
Sex: Female

Ms. Scarlet should have been named after Cindy Crawford the model because she has a big black beauty mark on her cheek. She even has trim figure like a model and is also poly-dactyl (extra toes). She is a lovely one or two year old calico short hair cat with beautiful markings. She was a stray and rescued by our shelter. Ms. Scarlet is in excellent condition and tested negative for FIV and FeLV. What an enjoyable addition she would make to your home.
Ms. Scarlet is up to date with routine shots, house trained and neutered.

Miss Scarlet is home and into everything. She is much more brazen and playful than "Lilly" our first cat ,she is is such a well mannered "old soul." Miss Scarlet is a clown and entertaining and affectionate. We LOVE her soooo much. I'm glad I was willing to open my heart up just enough to accept another kitty. Now my heart is swollen with love of this precious little being!

Hope you'll visit your nearest SPCA Animal Shelter today! It will do your heart good.

~ PATRICIA AULSON

www.patricia4realestate.com

Seacoast NH & ME

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

"PAY IT FORWARD" - Accountablility Group -www.patricia4realestate.com-Real Estate Portsmouth New Hampshire

Tue, 12 Oct 2010 11:02:48 -0700

"PAY IT FORWARD"

I was more than happy to help out a new family who was relocating from Europe. When they bought their home after a few weeks of looking they found the house they wanted and closed a short time after. They were new to seacoast NH are and had no connections here. She was from England and he was from the west coast. Laurie is her name and she was very pregant with her first child when we met.

After a short time looking, Laurie and Robert found a home and closed on the property on a Monday. They were in the midst of moving their personal belongings into the home when she went into active labor. You guessed it....eight hours later a new baby girl was born. Her name is Jen and after a two day stay in the hospital they went home Robert had an important business trip planned and left for Alaska the day after. Laurie told me that her mother and sister were flying in at the end of the week to stay with her while Robert was away.

Well, I stopped by with a gift and flowers the day after Robert had left and visited with the new mom and baby. When I left a hour or so later Laurie said she wasn't feeling very well but wrote it off to the delivery and being over tired. That night about 8 o'clock I got a desperate call from Laurie saying she needed help and didn't know who else to call. Long story short.....she was running a fever and bleeding heavily. I immediately went to the house, the doctor told her to go to the hospital and he'd meet her there.

I took care of the new baby for three days until Laurie's mother and sister arrived to take over. Of course I was happy I was able to help out at a time when a young woman was alone, new to the area and didn't have anyone she could depend on for help. Baby Jen is almost three now and is going to be a big sister soon.

That was my very unexpected random act of kindness. Hope you enjoyed my story.

Patricia Aulson

Seacoast NH

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

How Well-Meaning Friends Can Railroad Your Home Purchase

Wed, 22 Sep 2010 11:06:29 -0700

CHECK OUT MY NEW HAMPSHIRE REAL ESTATE WEBSITE

WWW.PATRICIA4REALESTATE.COM

EM: SOLD@PATRICIA4REALESTATE.COM

"You'll be glad you did!"

Property Search/ Real Estate Informationat Your Convenience!

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Via Karen Crowson (Alain Pinel Realtors, Livermore, CA):

When someone is in the throws of a buying a home, it usually takes front and center in terms of their attention. Quite naturally, people talk with their friends and family about the process and what they're experiencing along the way. And while most of those people are trying to be helpful, occasionally they have the unintended consequence of creating additional fear and anxiety in the would-be home owner.

Your Loan. Your personal finances are just that - Yours and personal. When someone else tells you about an interest rate they got or how they saved a ton of money with an online lender, you need to take all of it with a grain of salt. Interest rates can change at any time. Unless everything about your situation is identical to that of your friend, and you are getting your quote on the same day that they did, it’s very likely your rate may be different. Your type of property (personal or investment) loan (FHA, VA , Conventional, or Jumbo), points paid, size of down payment and credit scores can all affect the interest rate you ultimately pay.

Your Home Choice. Not everyone is just choosing a house. You may have a different criteria than your friends. For them, the size of the house itself may be more important than the neighborhood. For you, it could be the school your kids will attend. Someone will always have a story about a better deal. But the word better is very subjective. Getting what matters most for you is integral to making it a good value.

Your Inspections. Most homes will have items come up on inspection reports (pest, home, roof, pool) that disclose important facts about the condition of the property. Someone who has never lived in California for instance might get totally freaked out by reading a pest report, just by the name alone. In reality, the repairs might be very simple dry rot issues, but the fact that the word termite exists in the report conjures up images of your new home being chewed to bits by pesky little critters. Unless your friends are inspectors themselves, they may not possess all of the necessary information to advise you. Let the professionals who address these issues on a regular basis help you understand the implications of those repairs or deficiencies.

Your Appraisal. I’ve witnessed neighbors share appraisal values with each other at backyard barbeques only for someone to feel slighted, thinking: My house is nicer than theirs – why didn’t it appraiser higher? What most people leave out of these discussions is the time element. Six months difference in when those appraisals happen can make a big difference in property values, depending upon the local market and other subdivision activity.

Your Agent. Others you know may have good or bad experiences from their real estate agents. Definitely listen and learn. If they’re wary of what they’re hearing from you, it could be that they are spotting a sticky situation they’ve been through before. Take note. But because this is such a personal buying experience, what’s your impression? Is the person knowledgeable? Friendly? Professional? Responsive? Patient? Resourceful? Nice alone isn’t enough. They need to be able to do the job at hand, keep you informed along the way, and be a good ‘fit’ for your schedule and communication style.

Listen to the advice and stories of your friends and family. They are all part of the education process and they may give you some very good pointers. But definitely weigh it against your own investigations and research, and let your gut instincts to guide you too. After all, this is ultimately your decision.

Tri Valley real estate for buyers and sellers. Search for homes in Livermore, Pleasanton, and Dublin.

I can also help you in the surrounding areas of Alameda County and Contra Costa County

including Castro Valley, San Leandro, San Lorenzo, San Ramon, Danville, Brentwood and Mountain House

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW

Low Balling Offers- Why Do Buyers Do it?

Wed, 22 Sep 2010 10:47:05 -0700

CHECK OUT MY NEW HAMPSHIRE REAL ESTATE WEBSITE

WWW.PATRICIA4REALESTATE.COM

EM: sold@patricia4realestate.com

Property Search/Real Estate Information at your convenience!

CONTACT (603) 944-1465

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Via Stephen Munson-Munson Realty Homes For Sale Pasadena CA (Munson Realty):

Low Balling Offers-Why Do Buyers Do it?- It's really important for Buyers to understand how and why they make their offers. Often I find buyers make offers based upon what they've always been told buy their parents or others. For example: "Always go in with your offer at least 10%(or what ever formula they were given) under what the seller is asking".

The problem with this is that there is no real basis for this "formula" other than "low balling for the sake of Low Balling Offers". I can see if the property is overpriced to begin with, but that's just bringing the seller down to earth on their overpriced home.

I completely understand everybody wants the best deal they can get. Of course, who wants to over pay for a home?So really, the questions buyers need to ask themselves is why am I buying a home?

Ask yourself this:

Am I buying because I intend to live in my home for 5 or more years, interest rates are great and I can afford the payments?

or...

Am I an "investor" or "trader" who intends to "flip" the property for a quick profit?

Both of these Buyers make their offers differently because they have different motivations and are looking for different types of homes.

An Investor is typically looking for "distressed" sellers and homes that need a great deal of improvement. Investors often are contractors or can do the work themselves and save a lot of money doing the improvements the home needs with the intention of putting the home back on the market for a quick profit. These are the investors are in a position to make "low ball offers". They don't care if they get the house or not, it's all about the numbers.

on the other hand...

If you are the buyer looking to purchase because you want to live in the home for 5 or more years, your motivation is completely different. Believe it or not, although price is important, terms may be MORE important.

For example:

Are the payments acceptable to you?

Will the seller take your FHA offer?

Do I want the seller to pay my closing cost?

Is it better to buy something that is "turn key" or close to "turn key"rather than find a great deal and pull $30K out of the 401K and have no money left for an emergency?

Your Stratagy Should Be Different

Write Offers Based on Market Value: If there are NO offers, there may be some "wiggle"room in the price. If there are multiple offers, be prepared to go "at or above" asking price.

The more concessions you want (closing cost, repairs etc..) be prepared to write a stronger offer.

If you are going with FHA, be prepared to write stronger offers.

The bottom line here is if you are a buyer who intends on living in your home, make fair and reasonable offers that are a "win-win" for you and the seller. I've seen many people "low-ball" themselves out of homes that would have otherwise been PERFECT for them.

And remember this: If you are in fear of overpaying, then Fear Not because you are protected by the appraisal. If the appraisal comes in “under value” renegotiate or move on!

Copyright © 2010 By Stephen Munson,Munson Realty,homes for sale pasadena ca*Low Balling Offers- Why Do Buyers Do it?*

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PATRICIA AULSON

Specializing in Seacoast NH & ME Homes for Sale

Please check me out on the internet at

www.Patricia4Realestate.com

Sold@Patricia4Realestate.com

"Experience isn't expensive...it's pricless!"

Search for Seacoast NH & ME Homes for Sale NOW