escrow coordination: Where, Oh Where Have the Short Sale CLOSINGS All Gone? - 06/25/10 05:33 AM
Anyone else out there in real estate land who thought they would have a million dollar year this year working on short sale transactions?
OK, I was duped. I heard the rumors about the next big trend in real estate, got ready to gear up for short sales and even started to include the new laws to help push short sale offers into acceptance faster into my Escrow Coordination Secrets seminar. But it seems the "loan police" are not doing as good of a job of enforcing as I expected!
So what happened? I don't see any significant change in the … (165 comments)

escrow coordination: You Scratch My Back, I'll Scratch Yours - 12/22/09 03:17 AM
There are some agents who think that the real estate business is still run like "old school".
Oh come on, you know what I'm talking about! "You scratch my back, I'll scratch yours". If you brought a lot of business to a loan officer, they might go out of their way to get a loan funded earlier on your transaction. Same deal with the banks. If a loan officer brought in a lot of business, he/she might have carte blanc and get their files placed ahead of someone else's.
Agents loved being able to tell their clients "I have a great … (51 comments)

escrow coordination: How to save the escrow team time and money with FHA condo transactions. - 11/06/09 01:02 AM
What's more annoying than someone scratching their nails on chalkboard? Working on a condo re-sale transaction for 20+ days only to find out the complex is not FHA approved, needs spot approval, needs lender certification, blah, blah, blah.
Hate to bash loan officers but there are a few out there that are unaware of the recent FHA rules for condominiums.
I had the pleasure of speaking with Jim Larson with Bank of Commerce the other day. I was complaining to him about a transaction I was working on with another loan officer...
"Jim, I am in a situation where we have … (2 comments)

escrow coordination: HOA Holds Transaction Hostage! - 10/01/08 09:42 AM
Whaaattt? It's true folks! I'm working on an REO representing the buyer. The seller's agent requested the escrow officer order the HOA docs after we had an accepted contract. After 3 days of no communication from the HOA, the officer was informed that docs would not be released until after the property had an inspection performed by the HOA.
 Oh, course the inspector happened to be going on vacation and wouldn't be returning until 2 days prior to our closing date!
 What can we do? Absolutely nothing, in my opinion! What should have been done? At the time of the … (6 comments)

escrow coordination: Transaction Management Questions - 08/27/08 03:35 AM
Hey, Hey, Hey!
 Just got back from teaching a class in Sacramento, CA. What an awesome group of people!
 They had some great questions that I wanted to share with you about transaction management.
 "Is it important to track the buyer's deposit into escrow?"
Absolutely! I'm a real stickler when it comes to deposits. I want to see them in escrow in the time frame specified in the contract! Upon receipt of the deposit, the escrow officer SHOULD send out a copy of the deposit receipt showing the copy of the check and amount deposited. A deposit placed into escrow tells … (0 comments)

escrow coordination: Check me Off, Baby! - 08/13/08 07:35 AM
Tyrone, an AR member asked me to share my top producer systems this week. I have many systems but I'm going to give you my best and easiest secret to success.
My numero uno most favorite system I've incorporated into our office is my legendary
What's a Check-off list? It's a form I put together giving step-by-step instructions on tasks to perform to complete something.  For example, let's say I need to change the price on a listing.
I whip out my "Change of Price" Check-Off List. On it is a list (in timeframe order) of all the things I … (9 comments)

escrow coordination: Stop with the pity party already and get to work! - 10/30/07 11:22 AM
Come on People!
After being in the real estate business for nearly 23 years with my husband, I've been through crappy markets, gloom and doom forecasts, etc. Let me share the advise I give agents and officers in my office. When the market is down, get educated and look for opportunities to use your real estate skills! Get your business organized with good systems and products so that you'll be ready when the market turns! Of course you should continue to stay in touch with clients and keep your name out there. But for heavens sake, stop beating the dead horse! Most people are … (8 comments)

escrow coordination: Working together to close the transaction - 10/30/07 07:53 AM
I just received an angry message from another team member on a sales transaction. She had emailed a disclosure for our client to sign several times during the course of the sale and we never followed through! She assumed we were ignoring her requests, when in reality, we never received the request! Here is a rule I have with paperwork. Always send requests in writing. If you don't get a response after the second time, then CALL the team member to verify they received the request! It corrects communication problems early and prevents frustration! Welcome to my World!-Diana … (2 comments)

 
Diana Turnbloom, The Leading Expert in TC Services & Education (Escrowcoord.com)

Diana Turnbloom

The Leading Expert in TC Services & Education

Martinez, CA

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Escrowcoord.com

Office: (925) 305-9625

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