annsabbagh: Foreclosure/bankruptcy/short sale due to job loss? New program!!!
- 05/06/14 12:21 PM
"BACK TO WORK PROGRAM" IS AVAILABLE NOW! This program reduces the "waiting period" after a bankruptcy or short sale or foreclosure to ONE YEAR. In order to qualify, you must meet several minimum eligibility standards. The first is that you must have experienced an "economic event" (e.g.; pre-foreclosure sale, short sale, deed-in-lieu, foreclosure, Chapter 7 bankruptcy, Chapter 13 bankruptcy, loan... modification, forbearance agreement). The second is that you must prove a full recovery from the event. Third, you must agree to complete housing counseling prior to application. You must also show that your household income declined by 20% or more … (0 comments)
This past Friday was the deadline to issue an FHA case number to avoid the forever mortgage insurance on down payments less than 10% down. Effective on June 3, if a buyer places less than 10% down using FHA financing, the mortgage insurance will remain on the life of the loan: yes...FOREVER! If the buyer can place more than 10% down, the mortgage insurance will last for 11 years. The old rules were minimum of 5 years and the LTV must reach 78% of the original purchase price.
So, one might say: … (3 comments)
annsabbagh: Seller Concessions: The lower the better for all: here is HOW!
- 05/19/13 12:36 PM
In this challenging appraisal market, the goal is to keep the seller concession to a minimum so as to prevent the need for a higher appraised value. In order to accomplish this task, a lender credit is the answer!
Not all lenders provide a credit. It is best to shop around and ask which lenders provide a credit.
As an example, a transaction was saved when the seller was offered $195,000 with a $5000 seller concession. The seller wished to net $192, 000. The realtor realized the need to find a lender who would provide a lender credit, thus … (1 comments)
annsabbagh: GOHOMING.COM : a Real Estate Auction Site: What is your experience?
- 02/02/12 02:49 PM
This site is growing in popularity here in the North East. I am curious what everyone thinks of this site and their experiences in closing transactions with the properties listed on the site, Also, what other auction websites are you using? All comments, as always, very much appreciated!
… (3 comments)
annsabbagh: THE LOOMING COMMERCIAL FORECLOSURE CRISIS???
- 10/20/10 08:30 AM
We have seen the number of foreclosures rise to over 800,000 this year; mostly residential homes. The number next year will be including a great deal more of commercial properties.
How will this affect our cities & towns? What should we be on the look out for? What should the plan be for the commercial landlord whose mortgage is more than the value? The loans are BALLOONING. Values have fallen significantly. Foreclosure? Short sale? Should aggressive agents market to the commercial owner? Is a short sale better than foreclosure on the credit report? I say "yes". What are your thoughts? … (3 comments)
annsabbagh: Do you make clients LAUGH?
- 09/08/10 05:58 AM
Once you get people laughing - they're listening - and then you can tell them almost anything." Herbert Gardner
When you meet people, do you smile? Try to make them laugh? Or do you play it ALL business?
I believe showing a personality helps to bond any relationship in life, including professional ones. Not too much, but just enough to show your human side.
What do you do? … (0 comments)
annsabbagh: Before you have a SIGNED lease for an apartment, do you allow other agents in to view your rental listings with their clients?
- 07/16/10 02:23 AM
Let's face it: little commission is made with rental listings. If you need to co-broke, even less is made. You have built up a client base of renters and you are known as the rental agent in your area. So, you have investors who own multis in your area whom you have been doing business with for years and when they have an empty unit coming available, they call to let you know when it will be vacant. As potential renters call, you inform them of this soon to be vacancy. You have one renter who shows great interest in a … (1 comments)
Do you "get into" the job? Do you try to resolve issues? Do you "dig in" and get to the bottom of the problem at hand: actively work on obtaining a solution? Or do you leave it to others to resolve and figure out?
Ann Sabbagh Vice-President Seacoast Mortgage Corporation Residential and Commercial Financing 508-243-1190
Please visit my website: www.annsabbagh.com
"When you choose me as your mortgage consultant, you also … (1 comments)
Not every transaction goes perfect. We all try, but something will inevitably happen if you have many transactions. Being busy, one needs help to focus on all the details. So, for those of you who are busy in this industry, when something goes wrong AND it is your fault, do you take the blame or do you come up with a scapegoat? DO you tell the truth to your seller or buyer? Or do you start blaming the lender, the title attorney, the appraiser, or whomever?
So, what is YOUR purpose? Why are you in the real estate industry? I find myself here because I enjoy helping the consumer obtain their dream: their home for their family. Sure, many consumers can go anywhere for a mortgage, but those that want a professional who counsels them from a total financial perspective is what … (5 comments)
annsabbagh: Do you "stick" to it? Do you execute your plan? Do you have a plan?
- 11/23/09 12:25 PM
"I like a person who knows his/her own mind and sticks to it; who sees at once what, in given circumstances, is to be done, and does it." William Hazlitt (1778-1830) English Essayist Do you get up every morning or go to bed each evening with a plan for the day or the next day? Do you stick to the plan? For example, you say you will send out Thanksgiving Day cards to all your clients and, instead, you only send out a few? Or you had a goal of calling expired listings for the past month, but only achieved calling … (2 comments)
annsabbagh: Do you PROCRASTINATE?
- 11/19/09 01:04 PM
"Conditions are NEVER 'just right'. People who delay action until all factors are favorable do nothing." William Feather (1888-1981) Author Do you find yourself saying, "I'm waiting until....?" Time passes quickly. Do not WAIT until the weather is perfect and the stars are aligned correctly. Just DO IT! Make life happen. Do not put off until tomorrow what you can do TODAY. The movers and shakers will just whizzzzzzzzzzz by you. So, BEEP, BEEP, become the Road Runner, not the one who is left by the side of the road. BEEP, BEEP! Have a great day! Ann Sabbagh Vice-President Seacoast Mortgage … (4 comments)
annsabbagh: Do you UNDERSTAND people?
- 11/17/09 11:48 PM
"You are a soul who does not over-think, or over-act or over-speak, because you UNDERSTAND." Author unknown Do YOU understand people or do you over-speak them and over-react or think too much about a situation? To understand someone means, to me, knowing THEIR goals and what THEY want. Not what I want or what my goal is. I approach each consumer with this thought process. What is it that they want? By achieving their goal, I should see a happy client at the closing table!
"The danger caused by texting while behind the wheel is no joke, and as an extremely graphic PSA from the UK shows in almost unbearable detail, the results can be truly deadly. The more than 4-minute video, which shows a group of teenage girls getting into a head-on collision while the driver … (7 comments)
annsabbagh: ARE YOU HONEST?
- 11/07/09 03:00 AM
"Make yourself an honest man, and then you may be sure that there is one less scoundrel in the world." Thomas Carlyle (1795-1881) Scottish Writer
HONESTY IS THE BEST POLICY ! How often have you heard this? If we all lived by this rule, the world would be such a better place to live! There are those of us who play by the rules and those of use who look for a "work-around". Who are YOU?
Have a GREAT day!
Ann M. Sabbagh Vice-President Seacoast Mortgage Corporation "Where financing is smooth sailing!" Residential & Commercial Financing (508) 243-1190 … (4 comments)
annsabbagh: I HAVE A QUESTION !
- 11/01/09 02:42 PM
I have a question: Can someone explain the use of Twitter for business purposes? Aside from letting the world know I may not be available for the next hour or so, what purpose does it serve? I signed up, but have yet to use it. I just think if someone wants to reach me, they will call me and then leave a message if I do not answer the phone. They do not care where I am.
What are your thoughts on Twitter? Thank you for your responses!
Ann Sabbagh Vice-President Seacoast Mortgage Corporation Residential and Commercial Financing 508-243-1190 … (2 comments)
The $8000 first time home buyer credit has helped, but my fear is we will see foreclosures from this group of new buyers. How many people are coming out to buy a home simply because they are receiving the $8000? In fact, in some cases, they make money by buying a home ($100,000 purchase can only "cost" 3.5% down: $3500: finance all closing costs, is possible. So, in this case, the buyer … (3 comments)
annsabbagh: Are you afraid of trying something NEW ?
- 11/01/09 02:03 PM
"Come to the edge, he said. They said: We are afraid. Come to the edge, he said. They came. He pushed them - and they flew!" Guillaume Apollinaire
Have you ever felt afraid of trying something new? In this real estate industry, it is imperative you are NOT afraid, because we are in ever-changing environment. Gone are the days when buyers called their local realtor to "find a home". It is RARE. Now the internet is here. For those realtors relying on the phone to ring, the rings will be few. Look at the realtors who understand the power of … (2 comments)
annsabbagh: Are you OPEN-MINDED?
- 10/29/09 02:24 PM
"Close your eyes and let the mind expand. Let no fear of death or darkness arrest its course. Allow the mind to merge with mind. Let it flow out upon the great curve of consciousness. Let it soar on the wings of the great bird of duration. Up to the very Circle of Eternity." Hermes"
So, what does "Hermes" mean by this? Well, my interpretation is to let your mind not be confined to your own ideas and thoughts. Open your mind to the thoughts and ideas of others. Do not be stubborn and close-minded.
* Is the $8000 1st time home buyer credit being extended? * Is it going to be offered to everyone? * Are the income limits changing? * When is the new termination date?
There are so many real estate professionals talking about this, so let's get it straight as of this moment. Click on the latest:
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"BACK TO WORK PROGRAM" IS AVAILABLE NOW! This program reduces the "waiting period" after a bankruptcy or short sale or foreclosure to ONE YEAR. 
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