Tom 's Blog - Archives July, 2008

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Short Sales , Are they Good for the Lender or the Homeowner? - 07/19/08 02:47 PM

Short sale (real estate)
In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, … (0 comments)

Cultivating Loyal Clients - 07/02/08 09:47 PM

Building Client Loyalty
"If we don't take care of our customers, someone else will."
A real estate company depends upon clients for survival. No clients virtually translates to no business! So, it's no surprise to see companies allocating huge funds to market to new prospects with the goal of turning them … (3 comments)

Sales of Existing Homes Rise - 07/01/08 12:03 AM

NEW YORK (CNNMoney.com) -- Sales of existing homes rose slightly more than expected in May as home buyers responded to plummeting home prices, according to an industry trade group.
The National Association of Realtors (NAR) said Thursday that the number of existing homes sold during May rose 2% to a seasonally … (1 comments)

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