short sales: The 3 Stages of Investing in Foreclosures - Do you know what you should pay for foreclosure property?
- 11/10/10 03:34 PM
Foreclosure is the proceeding in which a Bank or other Secured Creditor sells or repossesses a real property after the Homeowner has failed to comply with their agreement with the lender. This agreement is called a mortgage or a deed of trust. This is most common when a homeowner has defaulted on their payments or obligations to the bank or creditor. Depending on the terms of the agreement, the lender now has the right to call the loan due or sell the property to satisfy the debt owed. The 3 Stages of Investing in Foreclosures: There are three basic stages of foreclosure, each with specific investing strategies: 1. Pre-Foreclosure … (0 comments)
short sales: COMMOM FORECLOSURE SCAMS - BOISE IDAHO FORECLOSURE & SHORT SALE SPECIALISTS
- 11/10/10 03:20 PM
As if mortgage fraud was not bad enough, this market brings a whole new host of problems. Real Estate Scam Artists are luring already hurting homeowners into all sorts of murky waters. Use caution and keep a watchful eye on those claiming they can save a home from foreclosure. If it sounds to good to be true, then it probably is! Agents, you should beware of the "slick crooks" looking to use you and your services as a middleman to lure Sellers to their trap. The savvy cons will pose as an "Investor" or "Buyer" and use you to locate their … (2 comments)
short sales: "FREE" Short Sale Success Seminar
- 11/30/09 03:56 PM
The Broker of Vision Real Estate has agreed to share his industry expertise in Foreclosures. This "FREE" class is open to all Real Estate Professionals, not just the Members of his company. Mr Ghent has agreed to share with all attendees how Listing & Selling Agents of Short Sales can have tremendous success! He will change the way you feel about Short Sales and the process! He will provide you with proven methods to ensure success, without all the gimmicks and games that could land you in jail! Guests will also receive a complete guide to Understanding Foreclosure and an editable … (0 comments)
short sales: Idaho Short Sale Options for Sellers
- 11/30/09 03:41 PM
So, you may be headed towards foreclosure… now what? Try to look at the situation without attaching your emotions. From a strictly business viewpoint, you can more successfully analyze which option might best suit your needs and desires and move toward resolving your financial difficulty. One very important thing to remember is time is of the essence, so take quick action in order to allow yourself enough time to complete the process. Do Nothing- If a homeowner does nothing, they most likely will lose their home at foreclosure auction. Loan applications generally ask if the applicant has ever been foreclosed upon. … (0 comments)
short sales: I was just trying to explain - "Failed Short Sales Take Heavy Toll"
- 05/10/09 04:19 AM
Ironically I come across an Inman News article that supports what I believe. All the failed short sales or damaging the market, which ultimately damages our own business. Don't you agree? What can we do to stop the short sales from damaging the market? Click to read the rest of this article posted on Inman News: "Finally, this huge problem is being looked at and openly discussed. What is taking so long? Because of the lack of lender cooperation we have lost billions of dollars in property values, caused additional unemployment, strain on local tax revenues and more homes going into foreclosure." … (2 comments)
short sales: We are doing our part to end Short Sales! Are you?
- 05/07/09 05:45 PM
As experts, adviser's and educators in the foreclosure market we have decided not to represent Sellers or Buyers in any further Short Sale transactions. Like you... I imagine, we are tired of the banks BS! The excuses, games and complete lack of any system for handling Short Sales. So here is how we are ridding ourselves and the market in our communities of even more Short Sales. We do not list them any longer, we do not show them to Buyers! Now wait before you fire off your... you do what comment! If we receive a call about a Short Seller needing … (6 comments)
short sales: Should agents represent themselves in the Short Sale of their own home?
- 05/07/09 07:50 AM
A week or so ago I received a couple of great questions from one of our readers. That led to further reader questions and interest on our experience and advice in representing yourself in the Short Sale of your own home. I have included the readers original comment below... because I type so slow. "I have been reading all your info on short sales and I find it very helpful. I have never sold a short sale because I have been told by several seasoned agents and brokers to stay away from them if you can. But I am faced with selling … (66 comments)
short sales: Another Short Sale Secret Revealed!
- 07/09/08 04:21 PM
Are you having trouble getting a hold of the banks Loss Mitigators? Here is another great Short Sale secret revealed, most bank offices are now open 7 days a week. Try calling them on Saturday or Sunday, don't be surprised if they pick up the phone or even call you back during the weekend. Although, the best way to communicate is via email... that way you have a written log for your records, your clients and the selling agent as a record of your communication with the bank. TIP: Purchase an email confirmation software such as www.readnotify.com. This is much more complex than your outlook read receipt and has … (8 comments)
short sales: Another Short Sale Secret Revealed!
- 07/06/08 03:30 AM
We all want to increase our listing exposure, especially our Short Sale exposure. Many real estate professionals openly omit to not showing Short Sales. Why is this? Is it because they do not want to waste their clients time with an offer that may never close. Although that is probably the #2 reason they avoid Short Sales, it is not the #1. If you want to increase your exposure and close success rate... GUARANTEE the Selling Agents commission. I know you think I have completely lost my mind... and I apologize if you just choked on your morning coffee. I know … (5 comments)
short sales: Top 5 Secrets to closing Short Sales
- 06/28/08 10:27 AM
We are going to reveal what our experience tells us are the Top 5 Secrets to closing Short Sales. Before providing these secrets I want the readers to understand that this will help you... but in no way is the solution to your Short Sale "whoos". The real solution to "Getting Paid in a Short Sale" which is an upcoming post on why you should refer your Short Sales to a Short Sale Pro. TOP 5 SECRETS TO CLOSING SHORT SALES: SUBMIT A COMPLETE PACKAGE, INCLUDING THE BUYERS APPROVAL AND THE EXECUTED PURCHASE AGREEMENT DO NOT ACCEPT OFFERS YOU KNOW WILL NOT … (2 comments)
short sales: The Formula for Pricing Short Sale Properties.
- 06/26/08 06:03 PM
I would like to thank all of you for the great feedback. I will now reveal the simple formula for pricing Short Sale Properties. By the way we have a winner... or close. Eric Reid from Lawrenceville GA with Renaissance Realty Group is pretty close. Please join our group if you haven't already. If anyone has a Short Sale that you need help with in GA or a referral I'm confident from his response you would be in good hands with Mr. Reid. What you do not want to do with a Short Sale is price it to high and risk sending your clients home … (14 comments)
Foreclosure is the proceeding in which a Bank or other Secured Creditor sells or repossesses a real property after the Homeowner has failed to comply with their agreement with the lender. This agreement is called a mortgage or a deed of trust. This is most common when a homeowner has defaulted on their payments or obligations to the bank or creditor. Depending on the terms of the agreement, the lender now has the right to call the loan due or sell the property to satisfy the debt owed.
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