Last Activity 05/20/13 10:20 AM
Real Estate Q. I need to find a Real Estate Lawyer in Metro Detroit for Non-Disclosure. I have multiple leaks in the basements and upon investigation I found 1-3" of mold on the paneling (two-three weeks after I moved in).
Last Activity 05/02/13 06:18 AM
Real Estate Q. Who's at the top of activerain's list
Last Activity 04/27/13 06:18 AM
Real Estate Q. Has anyone ever done a Short Sale or Modification in the redemption period? Babi Law Office told me they do this all the time. www.babilaw.com
Last Activity 04/24/13 08:09 AM
Real Estate Q. I am a home stager who is considering a new marketing plan to entice some of the realtors I have worked for in the past few years to use my services more regularly. My idea is that if I were to defer payment for consultations until closing and if they don't sell the realtor doesn't pay me. I would be very careful of who I offer this to - top sellers only - with option to end it if things aren't going well. In return I would be a part of every new listing and have the opportunity to just do the consult or upsell once I got my foot in the door. If the realtor decides to pay upfront for my consult, my rate would be $75/hr. If they defer until closing the rate is say...$85/hour, but they would never be out of pocket. What do you think of this - crazy? Or does it have some possibilities?
Last Activity 04/16/13 05:24 PM
Real Estate Q. how do i edit my profile?
Last Activity 04/08/13 12:56 PM
Real Estate Q. wwhy do my likes come back to activerain blog
Last Activity 04/03/13 05:49 AM
Real Estate Q. dual agent, when a seller tells you that you can not tells something but the buyer ask you a direct question. In which the buyer has said you can not give that information. What do you do?
Last Activity 04/01/13 12:55 PM
Real Estate Q. Looking for a referral agent that can help my client sell his real estate managed portfolio in Detroit. I am licensed in CA and would be looking for a 20% referral fee. His portfolio consists of 20 single family homes in Detroit that net 9k per month. If you have experience selling managed portfolios please e-mail me at email@example.com. Thanks.
Last Activity 03/29/13 05:58 AM
Real Estate Q. Has anyone done a short sale within the redemption period? Babi Law Office is told me they do it all the time. www.babilaw.com
Last Activity 03/26/13 07:12 AM
Real Estate Q. Has anyone ever done a short sale or modification within the redemption period of the foreclosure process? Babi Law Office told me they do it all the time. www.babilaw.com
Last Activity 03/22/13 09:01 AM
Real Estate Q. I'm researching how much it will cost to be an excellent real estate agent, and which company to work for. I'd love to hear how much you spend on marketing and what your ROI is. Also, is it smarter to be an agent in a local area that is near one's home, or to work further away in a more affluent market? Thanks!
Last Activity 03/07/13 12:42 PM
Real Estate Q. Has anyone used StandardCapitalUS.com. They are a pre foreclosure company that will take distressed home owners and put them in touch with possible renters??? there is a $ 199.00 fee involved and some internet talk is that it is a scam Does anyone have any info on this company
Last Activity 03/05/13 06:52 PM
Real Estate Q. Does anyone out there have a cheat sheet on what adjustments are given from appraisers
Last Activity 03/04/13 07:49 AM
Real Estate Q. I'm seeking property management for an investment property
and the company I am interested in is requesting to be placed
on the insurance policy for my property.
Is this correct? Why would I put a management company on my
Last Activity 03/03/13 07:50 PM
Real Estate Q. My parents died recently and their will stipulates that 3 pieces of property are to be left to various children. Can the executor of the estate ask the local township to transfer the title? Are there fees for the transfer of title when it is property that is inherited?
Last Activity 02/27/13 05:18 PM
Real Estate Q. how do I Edit my active rain page?
Last Activity 02/25/13 05:37 PM
Real Estate Q. What is the procedure if you think your neighbor has done something to change the legal line for my water frontage?
Last Activity 01/31/13 05:45 PM
Real Estate Q. I'm concerned about my real estate purchase transaction. Here's what's going on, please read below. I apologize for the length of the detail. I feel it is necessary to give an accurate description of the transaction.
The title is held in trust by a well know bank for a mortgage lender that went bankrupt. According to the title commitment: XXX Bank, as Trustee for YYYY, Asset-Backed Pass-Through Certificates, Series ***.
ZZZ servicing company has signed my purchase agreement. They have also countered with an addendum which requires me to wire my settlement funds at least 24 hours in advance to the settlement company of their choice, which happens to be a relatively new title company which is out of state.
The real estate company is well known here in Michigan. However, I've only met the Buyer's Agent at the subject property. I'm relatively confident he & the listing Agent work for the real estate company they say they work for.
The ZZZ servicing company has signed my purchase agreement. There is no reference to XXX Bank in the Sellers addendum. This YYY bank is well known for the differculty involved in contacting them.
I have only had contact with the Listing & Selling Agents, both working for the same company. The LA referred me to the BA (Buyers Agent). I have also had contact with the settlement company which is out of state, as is the bank & servicing company. The Settlement company has issued a title commitment indicating the title policy will be underwritten by a well known title company.
I have contacted the parent company of this title company & was informed that this settlement company is in good standing, by the parent company of the title company.
I attempted to contact the person at ZZZ servicing company (I had to find their contact information on the Internet), the signatory to the purchase agreement. I sent an email asking for acknowledgement that my settlement funds are to be wired according to the instruction of ZZZ servicing company.
After not receiving any reply from ZZZ servicing company, I left a voice mail message at that persons office. Later that day, I received an email from the BA, stating, this person at ZZZ servicing company, has directed my communications be directed thru the BA to the LA, then to the person at ZZZ servicing company. The BA wrote, ZZZ servicing company is not used to having Buyers contact them & wants me to follow protocol & go thru the chain of command. "The BA wrote he will get me what I need". The closing is scheduled in a few days & I'm required to wire my funds at least 24 hrs. in advance according to the Sellers addendum.
I am put off by all of this, more so, because I did not even receive the courtesy of an email reply from ZZZ servicing company. This is a cash sale to purchase a bank owned REO. I would much rather exchange a Cashiers Check for the deed @ closing. ZZZ servicing company is sending a roving Notary with a closing package to my Attorneys office to witness the document signing. When reading the closing instructions to the Notary included in my copy of the closing package, it reads,
ZZZ servicing company "REQUIRES ALL FUNDS TO BE WIRED, HOWEVER, SHOULD A CERTIFED CHECK BE PRESENTED: CONTINUE WITH CLOSING AND CONTACT ZZZ FOR FURTHER INSTRUCTIONS. Amount the buyer(s) are to provide at closing: $00,000.00. What is likely to happen if I do not wire funds & go to the closing with a Cashiers Check?
I have been introduced to the BA by the LA. The BA has given me the contact information for the person at the settlement company. The signatory on the purchase agreement is a servicing agent, not the same as the Owner of record. The signatory as Seller on the purchase agreement & Sellers Addendum has not verified any information about this transaction. The house is listed on the MLS.
What should I require from the Seller, Realtors, the bank, & the settlement company? I'm concerned if I wire my funds in advance I may loose them in the unlikely event this sale is other than legitimate. Or if something goes wrong my funds will be tied up with the settlement company
Now that you've have the scenario what do you think, & how can I best protect my settlement funds in this transaction, & still purchase the house.
Thanks In Advance,
Last Activity 01/28/13 06:16 AM
Real Estate Q. My house is a trilevel does the lover level count as part off square feet.
The lover level is finished with full bath.
Last Activity 01/28/13 06:12 AM
Real Estate Q. do I get any reduction on my property tax bill if I own my home and
serving active duty military?
Last Activity 01/28/13 06:07 AM
Real Estate Q. i am 15 years in on a 30 yr mortgage with a good credit rating and my interest rate is 7.85 i would like to refinance for alower rate i currently owe 33,000 on my mortgage never late with pmts
and no company seems to be willing to give me a lower interest rate not even my current mortgage co chase they only want to cut it to 7% please help .
Last Activity 01/05/13 07:03 AM
Real Estate Q. Does anyone know if Top Producer 8i is down? Haven't been able to get any response at all for a couple hours.
Last Activity 12/01/12 11:36 AM
Real Estate Q. I have all my Continuing Education in for 2012. There are several courses that I see available that I want to take right now. If I take them now, will they qualify as my CE Points for 2013, or should I actually wait until January of 2013 before taking these courses for them to show up as my CE for 2013?
Last Activity 11/28/12 10:04 PM
Real Estate Q. Is anyone else having trouble with getting reimbursed by Chrisley Asset Management on their Fannie Mae Properties? All the emails I send to Chrisley return as inactive email and the phones are disconnected it appears. Are they in bankruptcy? Will I ever get my money reimbursed? I've tried talking to Fannie Mae about this and they have given me a contact of : Adam Brown of Glass Ratner. Phone number: 404-835-8842 but even this person is not returning my phone calls. Any help would be appreciated. Thanks
Last Activity 11/25/12 01:08 PM
Real Estate Q. Is it common for a buyer paying the summer tax on a home purchase in July to not have a recorded bill on record with the city 4months after closing?
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