Keyword: short sales
The REO problem is worse than you think
How REOs are killing the market This week an asset manager contacted me to get pre-listing information on a house about to be foreclosed on. Brokers who do REO work know the drill: check occupancy status, secure the property (change locks), and tell the bank what you think the house is worth if priced for a quick, AS IS sale ...
How to avoid losing a short sale listing in the eleventh hour
Short sale woes If you have taken more than a few short sale listings, then it has probably happened to you. You have taken the listing, you have advertised it all around town (and all over the Internet), perhaps you have already even gotten through most of the short sale negotiation process. Now, all of a sudden, your short sale ...
How to bulletproof short sale counter offers
Are your counter offers airtight? I’m not much on guns, except maybe squirt guns, when it is around 115 degrees outside. However, I always seem to use the word ‘bulletproof’ to refer to the counter offer that I write when I receive an offer on one of my short sale listings. I guess I am using the word bulletproof in ...
New 2012 AGBeat media kit available now
- We know you want the most sophisticated audience, and here it is!
How to be a better short sale listing agent
Lessons from Sullenberger and Schettino When I was 16, I got my first part-time job. Since I was nervous, my mother said, “Just do your best, and I’m sure you will be successful.” That conversation has stuck with me for over thirty years, especially when I see people who work their hardest and are truly successful. Case in point: Chesley ...
Short sale settlement statements – pay attention
How to Create a Comprehensive HUD-1 One of the most unique and challenging components of the short sale transaction is the creation of the estimated settlement statement. The short sale lien holders request an estimated settlement statement when you submit the short sale offer. They do this because they want to know their bottom line—how much they are going to ...
Top four distressed property buzz words
Short Sale Primer A buzzword is an informal term for a fashionable word or phrase, and we have lots and lots of those in the distressed property arena right now. Words that we use change from year to year. As you move into 2012, you may finding yourself using these terms more and more—especially as you continue to deal with ...
Serious mortgage delinquency rates slowing
Serious mortgage delinquency rates slowing According to Foreclosure-Response.org, the serious mortgage delinquency rate in the 100 largest metropolitan areas experienced a slow decline from 10.4 percent at its peak in December 2009, down to 9.3 percent in June 2011, the most recent month of full data. Mortgages are considered seriously delinquent when at least 90 days late which includes pre-foreclosure ...
Top distressed property articles for your new year
This Year on AGBeat If you are thinking about making short sales part of your business plan for 2012, why not toast the new year by checking out these 2011 AGBeat distressed property articles? The following articles were each a smashing success with lots of engaging comments, massive hits and plenty of retweets. Short Sales Need Offers Fast The price ...
Title reports and short sales – when liens aren’t mortgages
Non-Institutional Liens One of the issues that often comes up in the short sale is the issue of non-institutional liens (i.e., liens that are not mortgages). These are liens filed against the property or against the borrower, and they can get in the way of the short sale closing (or any real estate closing, for that matter). These non-institutional liens ...
How to avoid short sale implosion and keep the buyer around
It has probably happened to you before. In fact, it’s pretty common. The short sale negotiation process goes on too long, the short sale contract wasn’t airtight, and the short sale buyer disappears. S/he has hit the road. There are many things that a short sale listing agent can do in order to promote a solid short sale transaction—one where the buyer may ...
Two tips for short sale listing agents – avoiding the storm
How to Avoid the Short Sale Storm When a short sale prospect calls me about a potential short sale, I need to identify whether it’s a go or a no and I do that by investigating a number of items even before attending the listing appointment. Title Report. Before going out to any appointment, I review either a property profile ...
Using the Socratic Method when working short sales in real estate – tips and tricks
I’m a little bit embarrassed to admit to this, but during my daily drives to and from the office (about 25-30 minutes each day), I listened to quite a bit of both the Conrad Murray and Casey Anthony trials on my satellite radio. It’s not that I’m a total gossipmonger, but (having not gone to law school) I was intrigued ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
