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Managing Real Estate Broker - Keller Williams Northland
Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.

ARCHIVED BLOG POSTS

2011 

Short sale guidlines apply to 1-4 unit residential properties, but other investment and commercial properties may benefit
10/31/2011
Todays commercail property owner has issues with tenants on a lease enforcement issue as well as tenant replacement. In reality, the issue may become rents passing to mortgqagee instead of the investors. Resolution is a structure for a short sale. Foreclosure consequences may be minimized throug...
10/31/2011
Can you do short sales on commercail property? Yes Downside is that taxation may become a problem. Each case on its own. These projects are simply done on the numbers. More complicated loans mean more complications. May be an alternative.
10/31/2011
  Homeowners attempting to minimize their grief from the aspects of underwater homes often make the decision to forego obligations to their Homeowner's Association (HOA). The concern is save for mortgage obligation first and everything else be damned. Condominiums and townhouses may have a sizeab...
10/30/2011
Your pumpkin looked great 3 weeks ago, but now becomes a turkey if not under contract in the next 10 days. Contracts written at the end of October have a tendency of failing  if not closed before Thanksgiving. A better alternative, if feasible, is to convince your client to take it off market un...
10/28/2011
This decision for what to do for the mortgagee when prospects are very grim are: 1. Do nothing - serioius implications. 2. Attempt solutions with mortgagee that are rejected. 3. Arrive at an agreement with mortgagee, but guidelines are not met resulting in foreclosure. Scenario results in a posi...
10/28/2011
When all else fails, the property owner has to decide to take the foreclosure hit and suffer for the next 7 years. However there are alternatives: Short sale, Deed in-lieu, Forbearance, Loan modification. All require the due diligence of the home owners. The normal process is for the distressed ...
10/28/2011
Remember what Linus always says. "You need to be sincere for the Great Pumpkin to make an appearance in your pumpkin patch." Here is to your success , and I hope your business is picking up.
10/27/2011
In the table below lists all of the single family detached and single family attached homes currently on the market in Buffalo Grove, IL The data lists available homes by price range with average time on market in each range.    Should you have an interest in homes in a selected price range, sen...
10/25/2011
In the table below lists all of the single family detached and single family attached homes currently on the market in Mt. Prospect, IL The data lists available homes by price range with average time on market in each range.    Should you have an interest in homes in a selected price range, send ...
10/25/2011
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