real estate: Short Sales , Are they Good for the Lender or the Homeowner?
- 07/19/08 07:47 AM
Short sale (real estate) In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually … (0 comments)
real estate: Cultivating Loyal Clients
- 07/02/08 02:47 PM
Building Client Loyalty "If we don't take care of our customers, someone else will." A real estate company depends upon clients for survival. No clients virtually translates to no business! So, it's no surprise to see companies allocating huge funds to market to new prospects with the goal of turning them into clients. But in the process of chasing new clients, many of these businesses forget their existing client base. A successful business will typically see 80 percent of its business coming from 20 percent of its clients. And it is this loyal client base that has to be protected. Remember, … (3 comments)
real estate: Some Chinese Guy is Helping You Pay your Mortgage
- 04/04/08 04:50 PM
This is fascinating and I'm about to say something many readers will find quite controversial. It might even anger some of you. I believe it is a reality and can help us understand how to control our destiny. by Bill Mann Some Chinese guy is helping you pay your mortgage.I know, you don't recall ever getting a check from a Mr. Li, and if you were to find this Mr. Li, he'd disavow sending funds to you, but the nature of the balance of trade between China and the United States guarantees that what I'm about to tell you is true (unless you … (1 comments)
real estate: Buying a home before you sell yours.
- 03/28/08 09:05 AM
the idea of buying before you purchase. In this current market I think it is advisable to try to sell your house first before you offer on one to buy. But... It's a buyers' market right now. There have been houses for sale in many neighborhoods for months now. Yours is a super place and if priced and marketed properly, I'm sure will sell in a reasonable period of time. Today, that means 2-3 months. We could offer and put a contingency in the offer that your current home must sell before you can purchase. That way you are not tied … (4 comments)
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