short sale: Title Closers vs. Paralegals ~ Do you know the difference?
- 04/11/11 12:30 AM
I was reviewing news and posts this morning when I cam across this article; Proposal would restrict who could be called a paralegal https://www.floridabar.org/__85256AA9005B9F25.nsf/0/51192E5DC2A3CAE9852578680043007E?OpenDocument Do you realize how many lawyers/attorneys/lawfirms call their employees paralegals when they are not truly licnsed paralegals? I should know, I worked at one as I was routinely referred to by the Attorney as a paralegal and no I do not carry the certification for the title. Did I ever refer to myself that way NO! So that made me wonder, how many "title closers" are out there in Florida performing closings and referring to themselves (either … (0 comments)
No, I'm not crazy. I have been asked by Realtors to go with them to a listing appointment to discuss the short sale process with the Seller(s) and have been more than willing to do this. Not only does it create a relationship with the Seller for me, it also highlights the Realtors' desire to truly give the Seller their all in working to get the property sold. Many short sale negotiators don't offer this service, many don't have the time for this, however, we do all that we … (1 comments)
short sale: Should the Buyer have any input on the Short Sale Negotiator selection?
- 04/07/11 03:22 AM
We have been advocating that Buyer's and Buyer's Realtors should have some input on the short sale negotiator selection and wanted to take just a minute to say a little more about this topic. When you and your Buyer and sitting down to write your offer, have you even considered that you can suggest a short sale negotiator to them? You can negotiate sales price, closing date, closing costs, repairs, who handles the closing etc etc etc, so why not the negotiator? Considering that the short sale negotiator can make or break the deal why wouldn't you? If you as the … (1 comments)
Top 5 Negotiator traits in handling short sales 1. PATIENCE 2. DETERMINATION 3. FLEXIBILITY 4. BULLDOG AGGRESSIVENESS (when needed) 5. EFFICIENCY 6. Did I mention Patience? (hold music can be harsh!)
Now I'm asking you - what do you think makes a good short sale negotiator? What traits do you look for when determining who to place a short sale deal with?
I'd love to hear your comments and suggestions!
Pat Murphy, Lien Search Pro (941) 822-6111
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short sale: Florida vacancy rate at 20%?
- 03/23/11 04:42 AM
I was reading Yahoo news yesterday and reviewed this article; http://finance.yahoo.com/news/Nearly-20-of-Florida-homes-cnnm-2507768369.html It claims that Florida's vacancy rate is near 20%. They even go so far as to point out some individual county vacancy rates. Sarasota County is stated at 23%, Collier is at 32%, Lee is at 30% and Miami-Dade is only at 12%. Expected recovery timeframes for these vacancy rates was given as "eight years" to get vacancy numbers back into the single digits. Also noted in the article is the prediction that Florida prices will drop another 5% in 2011 and 3% in 2012, and then "they'll ljust sit … (2 comments)
short sale: Wells Fargo pays their CEO $17.56 million for 2010 ??
- 03/22/11 12:07 PM
What do you call a mega bank who, just coming off robo-signing scandal issues, pays its CEO $17.56 million in compensation in 2010? The official answer is Wells Fargo. The more realistic answer is CLUELESS. Is there a CEO on the planet worth that kind of money? Can I get h-e-l-l no! So why would a bank with a recent foreclosure scandal, not to mention tons of real estate inventory it cannot handle or unload, think this type of compensation is acceptable? Well apparently, if you're a mega bank or Wall Street, you don't have to think things through or even … (3 comments)
short sale: Habeeb v. Linder ~ Florida Homestead Waiver?
- 03/11/11 08:33 AM
If you haven't heard about the Third District Court of Appeals case in Florida for Habeeb v. Linder, then perhaps you should investigate further. Florida Trusts & Estates, 2nd article on the page; http://www.fltrustsandestates.com/ or Judicial View; http://www.judicialview.com/State-Cases/Florida/Property/Habeeb-v-Linder/40/23390 Why is this case of such interest your asking? Then read on to see the opinions we've gathered; For the second time in less than 5 years, the 3rd District Court of Appeals in Florida has issued a potentially ground-breaking and rule-changing homestead decision. If this ruling is broadly applied, post-nuptial waivers of homestead rights might be assumed in virtually all intra-spousal transfers via … (0 comments)
short sale: How do you know when the title company is over charging you (or your client)?
- 03/06/11 11:49 PM
Certain charges on the HUD-1 closing statement are fixed and can not be adjusted. Others - well lets just say its all up for discussion shall we! Get to know your title agent, get to know your title charges. Educate yourself and educate your client. Saving them money by knowing the basics can help further your reputation. Most of us know that a good bit of the Buyers charges listed on the 2nd page, 1300 section of the HUD-1 are items that can be researched and checked out and price deals worked. Did you know that this can apply to the … (2 comments)
short sale: Short Sale Valuations ~ Getting a handle on them
- 03/04/11 06:02 AM
In negotiating short sales between Sellers (borrowers) and Lenders I have found that one of the more successful "tricks of the trade" is to ensure that when it comes time for the valuation/BPO/Appraisal process through the Sellers lender that having the Listing Realtor present is the most effective. What I have suggested to Listing Realtors is that once the short sale request has been submitted to the lender ensure that the "Inspector/Appraiser" has to meet with them in order to gain access to the property to perform the valuation inspection. Why do this you ask? First off, it allows the Listing … (0 comments)
short sale: Short Sale Buyers - Telling them they won't be in control
- 03/02/11 12:58 AM
I was reading an article this morning about the 5 questions a Realtor should ask a Short Sale Buyer and number 4 specified that Realtors should ask their short sale buyer if they are prepared to NOT be in control! They made some interesting points, and I wanted to share this with everyone! See the full Ask.com article here; http://shortsaledailynews.com/5-questions-to-ask-your-buyer-before-submitting-a-short-sale-offer. Having worked with numerous buyers I can fully understand and appreciate this article. Many buyers are not prepared for an extended short sale process. When a purchase contract comes across my desk and it has 30 days for short sale approval … (0 comments)
short sale: Short Sale Negotiations ~ unlicensed practice of law? Please give your opinions and comments
- 03/01/11 02:23 AM
The Florida Bar recently held a public meeting in Orlando, to gather information on this topic so that they could render a decision on the matter of whether or not a short sale negotiator working on behalf of a third party is practicing law. The meeting was held on February 11, 2011 The subcommittee for the Real Property, Probate, & Trust Law Section of the Florida Bar extensively discussed the benefits and detriments of having a nonlawyer participate in a short sale and when it might become the unlawful practice of law. Chair, Brian J. Felcoski responded with the following opinion … (1 comments)
short sale: Short Sale Servicing Companys ~
- 02/28/11 12:06 AM
This link is from the Short Sale Daily Grind. I watched the video and have enjoyed the news as these two gentlement present it and wanted to share with everyone. "How the Newest Short Sale Servicing Companys are Stealing Money" http://shortsaledailynews.com/how-the-newest-short-sale-servicing-companies-are-stealing-money/?sms_ss=yahoomail
Pat Murphy, Negotiator/Researcher www.liensearchpro.com
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short sale: Fannie Mae's new website ~ are your clients using it?
- 02/25/11 02:43 AM
Fannie Mae's new website knowyouroptions.com is filled with all sorts of avenues and information. Are you clients and customers reading it and getting confused? Read through this website so that you can be one step ahead of your clients and have answers ready for the questions that are surely going to arise. Such as; "Did you know about their "Deed-for-Lease" program?" This program can take listings away from you. Get all the facts.
Pat Murphy Lien Search Pro Short Sale Negotiatior and Municipal Lien Researcher www.liensearchpro.com
Your resource for municipal lien searches and short sale negotiations! … (0 comments)
short sale: Municipal Lien Search ~ what is it?
- 02/24/11 01:16 AM
A search that is conducted to determine whether there are any unrecorded special assessment liens or unrecorded liens arising by virtue of ordinances, unrecorded agreements as to impact and other developmental fees, unpaid waste fees payable to the county or municipality or unpaid service charges. A municipal lien search will aid title agents in removing the standard exception for special assessments, service charges and waste fees from title insurance policies. That's where we come in! ~ Your municipal lien search company. With competitive prices and 72 hour turnaround times (municipality permitting). www.liensearchpro.com Phone; 941-822-6111 Fax; 888-331-2617
I was reviewing news and posts this morning when I cam across this article;
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