Idaho Falls
Real Estate Listings
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Idaho Falls
Real Estate News and Questions
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In my 20 years of practicing law, I have seen a lot of lawsuits over some of the what sometimes seem to be the least likely situations.
I have written in the past on several cases some various situations in which real estate agents may be at risk from
(9 comments)
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A recent court case underscores a recommendation I have been making for agents involved in short sale cases.
The homeowners contracted with a real estate agent to sell their home. With the drop in market values, the agent helped the homeowners understand that they could still sell their home
(8 comments)
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Ready for change? Here it comes...or is it?
Through these articles, or blog posts, I have been attempting to educate agents concerning the many, many issues of misinformation that have provided in short sale books, courses, and training seminars. Since I really have more of a warm heart
(34 comments)
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There was a recent press release from the U.S. Treasury that stated that the Treasury Department would soon finalize plans to increase incentives for "banks" to approve short sales.
The "banks" here includes both the servicing lenders and the secondary market investors, and it is usually (but not
(8 comments)
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I watch a lot of short sale real estate agents, investors, and other business people struggling to stay on top of all the many details in running a successful business.
Moving a short sale business from a start-up or even a stumbling position to an income-producing successful business is all
(3 comments)
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A lot of people have been required to sign a promissory note as a condition to the lender approving a short sale.
The promissory notes are usually for a small to moderate percentage of the deficiency balance, paid over ten (10) years, with no interest. The promissory note requirement
(12 comments)
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In the last article, we discussed the basis upon which lenders will seek a deficiency balance and how to predict it.
The question then comes to the issue of when a promissory note will be required as a condition of approval of the short sale. Since the debtor owes
(17 comments)
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Many homeowners and agents alike as what the odds are they will be required to pay a deficiency balance after a short sale. Many bank release documents will not specificially state whether the short sale will be in full satisfaction of the debt.
We've noticed a gradual change from a
(14 comments)
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I often find agents mistaken in their beliefs why short sales are not approved, or do not otherwise close. While I certainly applaud successful short sale agents, there is widespread misunderstanding and misinformation about this topic.
As an attorney who has not only sold real estate (well, for a
(138 comments)
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There is circulating a popular legal concept for the homeowner to require the lender to produce the original promissory note in the event of impending foreclosure. The lender who is the holder in due course (this is legal speak for the entity that actually owns the Promissory Note) must prove
(7 comments)
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There is a new Truth In Lending law which took affect this month (August, 2009) that will likely cause additional time needed to close in normal closings, but also in many short sale transactions.
Under this law, there is a 3 day delivery time period plus the
(0 comments)
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For the 17th year, Idaho Falls, Idaho is the place to be on July 4th for one of the most amazing fireworks displays in the nation. Hosted by Melalueca, the "Freedom Celebraton" culminates in the largest fireworks display west of the Mississippi.
This article ranks the Idaho Falls fireworks
(2 comments)
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Question: I am a realtor in Idaho. I am the listing agent for a short sale property. We have an offer. In this offer the buyer wants the seller pay all closing costs. Well, my seller states 'if I had that kind of cash, I would be paying my house payment'! So we countered back stating seller will NOT pay any closing cost or fees. The buyer now wants to offer less than the original offer......Keep in mind that the lender has not even committed to a 'suggested' listing price. But here's where my seller has me all tangled up. She wants to keep negotiating with the buyer, but does she even have the option to negotiate anything with the offer? Isn't the lender the one that decides what is acceptable? So my seller is wondering why she has to sign the offer.....but at the same time she is feeling like she is out of the loop..... can somebody get me going straight again...thanks
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Lets Help Jack Together!
We are now up to 191.52 in donations!! Please keep them coming! Thank you so much for all you're doing!
Recently I posted a blog to help a friend / colleague of mine in my office at EXiT Realty of Idaho Falls, ID. His name is Jack
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Recently I posted a blog to help a friend / colleague of mine in my office at EXiT Realty of Idaho Falls, ID. His name is Jack Wise and he has just recently been diagnosed with throat cancer and has very poor chances of recovery. As you can probably imagine, this
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SPAM By: Paul Griffin (EXiT Realty of Idaho Falls)
Spam Premevara
I just love GMail! I was clearing out my Spam box a few days back and noticed that you get free spam recipes every time you go into your spam box section of gmail!I immediately proceeded to ask my wife if she could try one of these recipes out
(8 comments)
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Computer Security
Let me just start by saying that I'm not a computer geek by any stretch of the words but I can boast just a little here...
I haven't ran computer virus software consistently for the last 8 years and I don't plan to runone anytime soon either. The general
(6 comments)
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Here are some videos I've put together of my listings here in Idaho Falls. If you have any questions I'd love to answer them for you! Any constructive criticism from anyone is also welcome. I'm not a professional videographer, not many people are from Idaho Falls, ID, and I'm learning more
(6 comments)
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The financial meltdown: Is it the Starbucks effect?
Is Starbucks a stock to watch? As a financial indicator who would ever guess that watching a smaller company (and I say this with my tongue in my cheek) would make sense? I would have never guessed until I read this article. Daniel Gross,
(7 comments)
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Breaking News: Good News for Real Estate? Largest Monthly Home Sale Percentage Increase in 5 Years Reported RISMedia
A little better news from under the medias radar again it would seem. This is an interesting article that may be worth a little more study it would seem. It is a
(4 comments)
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Merck's Free Radical - Forbes.com Stephan Friend, a scientist with an attitude towards the future of cancer research. One has so many mixed feelings about this morally and ethically but once cancer has touched your life stories like this become heroic. My hats off to a guy that fought cancer
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As the current economic credit and financial crises upfolds, people tend to want to know one thing: Can I still get a loan to buy a house? This is thebottom line question I'm hearing from my clients.
The answer is "Yes", but with caveats. You must be ready, willing and able
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1Q 2007 1Q 2008 Pct. Change
Homes soldBonneville Country 390 267 -31.5Jefferson County 52 46-11.5Bingham County82 62 -24.4
Median sale priceBonneville County $148,700 $157,000 +5.6Jefferson County$176,650 $192,500+9.0Bingham County $127,500 $129,500 $1.6
Average days on marketBonneville County 97 102 +5.1Jefferson County 98 108 +10.2Bingham County 91111 +22.0
Statistics for the
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