ARCHIVED BLOG POSTS
2009
40
Comments
Time for The Friday Roll Call!!!! Let's get positive!! I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!: 1. Spent quality time with my family over the holiday. 2. Got 2 short sale listings this week!! 3. Wrote an offer on a Fred...
05/29/2009
47
Comments
Time for The Friday Roll Call!!!! Let's get positive!! I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!: 1. Had a closing yesterday and wrote an offer as well. 2. Working on 5 short sale offers, a blessing with much work attached...
05/22/2009
10
Comments
Often, sellers think that sending house keys to bank will satisfy their obligation. It will not. When the borrower closed their loan they signed two documents; first, "A Note" which is a promise to pay and second "The Mortgage" offering the home as collateral. These are two different documents...
05/20/2009
One thing that causes a problem is when the bank sheriff sales a home that is vacant while you are working on a Short Sale. In Michigan, an owner has 6 months of redemption unless the bank deems the home Abandoned and then they can take it back with in weeks. Well, often my owners still have a...
05/19/2009
This is what you commonly need to do a short sale. I send my clients this list before we meet so they are able to get everything together. This also lets me gage how motivated they are. Feel free to use this for your Short Sales. Mike Dear Homeowner, In order to keep your home-selling pr...
05/19/2009
You're upside down with a loan greater then what the home can sell for. What you owe is irrelevant to how much a buyer is willing to pay for a it. Other homes are priced far less because they are bank owned or Short Sales. These homes are selling and their is an ample supply of them, you can...
05/19/2009
Realtors hate saying no; we are in the yes business. In the past, saying yes was not a big problem. If an agent wanted to "buy the listing" (tell the seller what they wanted to hear to secure the listing), the greatest harm done to the client, was the disappointment of selling for less then p...
05/19/2009
46
Comments
Time for The Friday Roll Call!!!! Let's get positive!! I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!: 1. had two closings this week and one more next week. 2. We are very busy. 3. Was quoted in the Detroit Free Press. 4. The w...
05/15/2009
HUD Announces $8000 Tax Credit can be used as downpayment for Homebuyers News from NAR - Washington D.C. Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8...
05/13/2009
Many short sale specialists out there are ready to sell you books, tapes, videos and coaching time no matter where you live as long as you have a major credit card. Plus if you google "short sales tips, help or expert", you will find 100,000's of gurus (including Mike Realtor) dishing out short ...
05/13/2009
Rainmaker
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76,643
