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
No, Distressed Property Owner, I'm not trying to steal a listing, but I just spoke with Your Listing Agent. You see, I represent a Buyer who is under contract on a short sale; the deadline to obtain Short Sale Consent from Seller's lender is looming and it isn't looking good. Buyer wants to look at other properties but isn't really interested in other short sales where the same bank holds the mortgage. Normally, I would insert my rant about that bank here, but this is a different subject.
Here's what happened: My Buyer found 4 properties to look at - one of them was your house. None of them have MLS notes as to short sales, but a quick look reveals that 3 of them were purchased by the current owner at or above the listed price - I send a quick email to each listing agent - "is 123 Any Street a short sale?"
Your agent emailed back, "Not officially but getting close since they are now in foreclosure. Not sure what is owed...."
What? So I pick up the phone and call your agent. What I hear just boggles my mind.
After exchanging pleasantries, the conversation goes something like this:
ME: So, what do you mean, they are now in foreclosure?
I think they were just served - - very early in the process.
ME: Who is the lender?
I don't know, I think it might be Wells Fargo.
ME: So, you don't know what they owe but you are you saying at the current list price, they could pay off their mortgage?
I think so; I don't know the balance, but I think they would be able to pay off and get out clean, including the missed payments and late charges, at the list price. There have been no offers and now since they are going to foreclosure, this file is at the bottom of my pile.
After a pause, because I was left speechless by that last part . . .
ME: Why aren't you dropping the price to get an offer and do a short sale?
That's all I've done is drop the price - - look at it! Again, I think my mouth just hung open.
ME: If you did get an offer on this house that would force a short sale, who would negotiate the short sale?
There's no money to pay anyone, I guess I would.
Wow . . . I said I'd call back if my folks still wanted to see the house, but the agent must have realized the lack of info wasn't going to help sell the house so, I got a call back from the agent who had quickly checked facts with the seller: The lender is Bank of America and the seller has not been served, but an attorney has been sending them collection letters. The listing agent encouraged me to show the house.
Distressed Property Owner, the reason I am writing this is because I just spoke with Your Listing Agent and I feel terrible for you. I cannot call you because you are currently listed, but you need help. You are in financial distress. Your house is overpriced; I know this because if it were priced to sell, you would have received an offer. I have previously shown your house so I know what it looks like. Yes, you have taken price reductions over the 9 ½ months it's been listed, but there is no rhyme of reason to them. It started well, but then fell off the tracks - - there has been no price change for the past 5 months! Even though you are missing mortgage payments, you are not trying to achieve a short sale; you are clinging to the hope of selling at a price that will pay off your mortgage in full, even as you head down the path to losing your home. I hope that does not happen.
Your lender will probably only consider a short sale if you enter into a purchase and sale agreement with a buyer and submit it to them for approval. You need an offer to start the process and the only way to get one is to systematically lower the price until the property becomes an attractive investment for someone who is in the market.
Unfortunately, I just spoke with Your Listing Agent and my buyer is no longer interested in looking at your house. Remember, they understand the short sale process and they see it this way: If they like your house, their offer would need to be near full list price (it probably won't appraise at that), or they will be at the mercy of your agent (and your file is at the bottom of the pile) to negotiate a short sale with a large national lender. They choose to avoid what looks like another losing proposition to them.
Never having spoken with you, I don't know, maybe you are well-informed and have been given information about all of your options and this is what you've directed your agent to do. But, Distressed Property Owner - I just spoke with Your Listing Agent and my Buyer, who needs a house right now, is not interested in seeing yours, and I feel terrible for you.
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.