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'll start by telling you that there is a difference between financing tools and ownership tools. And, because there is so much to understanding regarding everything associated with buying a new home, I will break this up into two blogs. This blog I will start with financing tools and the next I will go over ownership tools.
Most new homebuyers have many questions about warranty deeds, mortgages, contracts and trust deeds. Some know these common terms when buying a home but really don't understand what they mean or how they work.
Financing tools include mortgages and trust deeds.
A mortgage is a legal document where one person or party promises to pay the lender for the total amount of the home plus financing fees.
A trust deed is unlike many other deeds. This deed transfers the land tile to a title company or a trustee. After the loan has been paid by the borrower, the title is then transferred to the borrowing party. Keep in mind, the trustee has no power over the property unless the borrowing party defaults on said loan.
The difference between a trust deed and a mortgage is that there are only two parties involved in a mortgage; borrower and lender. And, there are three involved in a trust deed; borrower, lender and trustee. Another difference between the two is the way the foreclosure process is handled if the borrowing party defaults on said loan. A deed of trust allows the foreclosure process to go faster.
Seller financing sometimes comes into place when a seller owns the property and is willing to be the lender. The seller is completely free of any debt, and is willing to let the buyer pay him/her a monthly payment. The seller basically becomes the mortgage company. After the full selling price has been paid, the seller will then turn over the legal title of the property to the buyer. These types of seller financing contracts vary from seller to seller.
Check back next week for Understanding Warranty Deeds, Mortgages, Contracts, and Trust Deeds - Part 2.
Real estate professionals Tom & Bev Herring specialize in the Oklahoma communities of Tulsa, Broken Arrow, Jenks, Bixby and surrounding areas. Call on Tom and Bev for all your buying and selling needs.
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.