Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I'm having some trouble with this one, and wondering if this request for a THIRD appraisal may be illegal.
Scenario. I represent the Seller, who I sold this REO property to a few months back, as an investment property. Client is a full-time contractor/investor who likes to by, bust his tail and checkbook for a few weeks and does a masterful job at turning a sow's ear into a silk purse.
The house sold in two days from the date of listing. It sold for more than 100% over the most recent purchase price (what my client paid).
So, we have two FHA issues:
!) Seasoning - the offer and closing cannot occur prior to 91 days from the last transfer date.
2) The purchase price requires to appraisals, because it's less than 180 days since the purchase and the sale price exceeds 100% increase in value.
Today, the lender notified the Buyer's agent that the property would be subjected to another appraisal, #3.
Here are my problems with this:
First off, right away, I told the Buyer's agent that though my seller had agreed to pay up to $4,000 for the Buyer's CC's, this is not a usual and customary fee, and they should expect that someone else will need to pick up the tab on this $350 charge because it won't be my seller.
Second, they expect an extention of another day, without any compensation.
But third, and this is the part that I'm most concerned about -- this request for another appraisal; it's not required, supposedly, by FHA, so why is this transaction being singled out for discrimination, or at least exceptional scrutiny? What are they going to do, keep sending out appraisers until they get one that gives them the number they want to hear?
Has anyone had this experience lately? I did get the Buyer's LO to agree to foot the bill for the 3rd appraisal, but I'm curious to see if anyone else has run into this lately. Seems like it could be illegal, unless it's uniformly applied to ALL loan applications with purchases that meet this unique scenario.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.