Another Short Sale training? Are you kidding me? Yes, that right! We as realtors are consistently bombarded with training after training people want us to take and tell us it’s the best thing that is out there. Recently I decided to release my short sale training to the realtor community, and I am not going to tell you it will magically give you business overnight, but I would like to share with you the story behind it. I have been involved in over 500 plus short sales, and I feel everyone’s pain and frustration when it comes … (0 comments)
short sale: I WAS JUST NAMED A FINALIST FOR NAR'S "30 UNDER 30" AND I NEED YOUR VOTE!!
- 03/26/11 03:03 AM
Fellow Active Rainer's: I have truly had great success with having active rain help build my business. I have network with agents all over the country and made connections through active rain that have helped me achieve getting this far for this great award. I have shared with my fellow agents a lot of my ideas and strategies that have made me successful in the field and now I am asking for you help to vote for me so that I can make the final 30! The "30 under 30" is truly a prestigious award and I am honored just to … (5 comments)
short sale: FHA Wells Fargo short sale changes: Tips to speed up the process
- 02/14/11 07:57 AM
FHA Wells Fargo Short Sale Changes: Tips to speed up the process I have been getting a lot of emails and questions that agents are noticing some changes with Wells Fargo short sales, especially FHA/HUD backed properties. They have made some changes and have gotten stricter on some of their policies. First of all, if you are going to be in a Wells Fargo short sale, please be advised that it is going to be a 90 day process at a minimum , due to their increased volume. You will have to work extremely hard to get an approval less … (1 comments)
short sale: NEW HAFA SHORT SALE CHANGES!!!
- 01/06/11 08:33 AM
If you are unfamiliar with HAFA (Home Affordable Foreclosure Alternatives), it's a program through the Federal Government to help homeowners avoid foreclosure. Read more about it hereWith close to 11 million homeowner's underwater homeowners and continued complaints to the treasury department about issues with the HAFA program the treasury department has finally listened and made some changes to the HAFA program. The changes made reflect making the process easier and hopefully will help benefit us all. I think one of the best changes is that a decision has to be made in 30 days. I will keep you updated to the … (6 comments)
Over the past couple of months through presenting at agents and consumer seminars I have been consistanly asked some of the same questions as they pertain to short sales. Most of therse are "myths" or misconceptions. For the greater good, I have put together the ten most I have been asked about in the last couple of months, through emails and at seminars. Most information is questions asked by consumers, but is great information for agents as well.Some of this information has changed as a result of the changing landscape of the distressed market. As always if you … (2 comments)
short sale: Just featured on Talk Radio 1320 AM with Bill Reddish on Short sales, Loan modifications, and foreclosures!!
- 12/03/10 04:52 AM
Last week, I was interviewed by Bill Reddish, on-air host morning host for Salisbury's biggest talk radio station, WICO 1320 AM. The interview focused on the foreclosure crisis hitting the Eastern Shore, and ways that homeowners can avoid it. Brandon explains the short sale process, loan modifications, and other ways to save the borrower's credit from a foreclosure. Click on the link to here the interview.\ Check out my website at www.moorebrittingham.com and my blog at www.easternshorehomesolutions.blogspot.com http://www.fileden.com/files/2010/12/3/3029962//Bill Reddish.mp3 … (2 comments)
short sale: Title search is necessary on all short sales
- 11/30/10 06:08 AM
Have you ever gotten and approval on a short sale to only find out a week before settlement there is a cloud in title? This is happening more and more every day, and can be avoided if a simple title search is done at the beginning of the short sale process. More times than not, homeowners who have trouble paying their mortgage have had trouble paying other bills, and before you negotiate for 30-60 days in a short sale, this is information you need to know. In some cases the liens may prevent the house form settling period. Depending on what … (4 comments)
short sale: Short sale Forum/Class was picked up by local media!!!
- 10/19/10 03:36 AM
Our short sale seminar and foreclosure prevention had a great turnout! Was picked up by the local newspaper who did an article about it, as well as the local TV station. Article below from the Dailey Times, will post the TV clips later. Just goes to show you how much people really don't know about short sales!SALISBURY -- With the number of housing foreclosures still climbing and home sales slow, now is the time for homeowners in mortgage trouble and their lenders to turn to short sales and a relatively new financial tool that could ease their dilemma.Home Affordable Foreclosure Alternatives, … (0 comments)
short sale: Short Sale and Bankrupcty
- 10/13/10 09:18 AM
As a lot of you may know as agents, short sales can have a lot of red flags or road blocks. With my experience in short sales and through my teaching and training I try to alleviate agents from my experiences to not have to hit these road blocks. Recently I have been getting a lot of phone calls and emails about bankruptcy and how it relates to short sales. Now I am not a financial advisor or attorney, I don't play one on TV, and I didn't stay at a holiday inn express last night! I work with a team … (0 comments)
short sale: The short sale: a viable option to avoid foreclosure.
- 09/21/10 03:21 AM
The short sale: a viable option to avoid foreclosure. It's likely you've heard the term "short sale" thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market, has this process become a part of the public consciousness. The short sale, in almost every situation where a homeowner … (2 comments)
short sale: Changes in Short sales Consumers and Agents may not be Aware of.
- 09/01/10 03:29 AM
I have recently run into several sellers recently all over the eastern shore of Maryland, Delaware and Virginia that have told me they didn't know that a short sale was an option for them. They thought they wouldn't qualify, or they would be denied for whatever reason. I found this to be quite astounding as now lenders are sending "short sale" letters out, and short sales are in media tv, newspaper etc.. I was starting to think that the short sale was becoming a house hold name for the consumer. The reality is that it really isn't. Most sellers if they … (0 comments)
short sale: Short sales hard work has been picked up by local media!!!
- 07/28/10 10:10 AM
Who says blogging and internet presence doens't work?? My blogs and website has generated me a huge amount of business and produced seminars all over the country. Was just picked up in the local paper, full page article below. Word to the wise, if you get put in the media, proof your content!! They got a couple things not a couple things right, but overall the article was great. Check out my site at www.moorebrittingham.com and my blog at www.easternshorehomesolutions.blogspot.com Moore Brittingham Properties Check out are article in the daily times, full page interview!!! http://www.delmarvanow.com/apps/pbcs.dll/article?AID=%2F201003220432%2FBUSINESS%2F3220336Salisbury agent finds short-sale success | delmarvanow.com … (4 comments)
short sale: Tax Consequences of Selling Real Estate in a Short Sale
- 07/10/10 06:02 AM
At my seminars in through emails, and daily conversations, I am being frequently asked on how taxes relate to short sales. Seeing as I am not a tax accountant, I don't give tax advice; I always send my potential short sale canidates to a versed short sale accountant, as you should also. To help every one out there I had my accountant just right a very breif explantion of how taxes relate to short sales. Granted it goes deeper than this, this is just the basics, as we will go into more complex situations in the next artilce post. Tax Consequences … (0 comments)
short sale: It's not Equator its Bank Of America.
- 06/02/10 07:09 AM
It's not Equator its Bank Of America. I just wanted to share my two recent experiences with the Equator system. One short sale was with GMAC and the other was with BOFA. BOFA insisted when I sent in my short sale package that the Equator system was going to "speed" up the process dramatically. That I found was untrue. The funny thing is I was doing another short sale with GMAC simultaneously, and I got an approval in 37 days, and this property had two mortgages!! The BOFA short sale had only one mortgage and both BPO's had been done PRIOR … (8 comments)
short sale: Fannie and Freddie: Making Bank Bailouts Look Cheap
- 05/10/10 02:43 PM
Haven't had a chance to get on Active rain in a while, thats a good and bad thing!! Good thing is I have been swamped with selling houses and short sale seminars, the bad thing is I miss blogging!! In my travels alot of my short sales and REO problems stem from Fannie and Freddie. I saw this article on The street today and thought it would be a good read to my fellow AR agents. Is anyone paying attention to this??? IT seems no matter how much money they lose, they keep getting MORE???? Wall Street vs Main Street … (0 comments)
short sale: Short sale info: Are you sending Short Sale clients to an accountant first?
- 03/15/10 08:15 AM
Are you sending Short Sale clients to an accountant first? I mentor, train and teach agents on a regular basis how to perform short sales correctly, and most agents I have talked to fail to perform one of the most important steps before even starting a short sale: sending the client to a qualified CPA/accountant who is versed in short sales. Why? This is very, very important for several reasons. 1. In a lot of short sales there can be a "taxable gain" on the sale. That's right-your client lost money, and owes the IRS money, but it goes on their … (0 comments)
short sale: Free Tool to Help with Short and regular real estate sales:
- 03/03/10 08:39 AM
All of you who are performing short sales know that in your short sale package you have to include a sample HUD-1. I'm not sure where all of you fellow agents are currently getting them from; a lot of my agents that I teach and train get a local attorney or title companies to do it. This is no big deal but sometimes, you need to get multiple HUD's because with most short sales, there is some type of change. Sometimes that turnaround time from the attorney/title company it not as quick we would like, or quick enough to get back … (0 comments)
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