All Blog Posts Tagged 'sales' (188)

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Buyers & Buyer/Broker Agreements!

Well, I lost buyers today and I figured I'd vent here to all of you.



There's been times when I've stopped working with a buyer before. Sometimes I fire them and sometimes I refer them to someone else, depending upon certain factors. But today, I just lost em.



We've been working together for about 5 months and I've shown them quite a few homes in several areas. I've held their hand, helped them secure financing, explained the options and used my expertise to educate them in… Continue

Added by Ray Wright on January 27, 2010 at 1:00pm — 1 Comment

BPOs for loan Modifications and Short Sales need Agent Involvement!

When listing a Short Sale one of the most important things during the process is the BPO (Broker Price Opinion). For those of you not familiar with these it is somewhat of a mini appraisal done by a Realtor to help advise the bank of the market value during a loan modification or short sale. It is important for the listing agent to meet the BPO agent to assist in providing detailed info about the property and it's value. You never know what the experience level of the BPO agent is. They might… Continue

Added by Ray Wright on January 26, 2010 at 4:00am — No Comments

WHY DO I WANT TO DO SHORT SALES?

I want to be SUCCESSFUL at Short Sales because I WANT TO BE PART OF THE SOLUTION for all of us: distressed home owners, neighborhoods and the economy.



Short Sales are less detrimental to everyone.



Both Sellers, and Buyers, need Real Estate Agents educated in the Short Sale process, trial and error experiences are not enough. We must understand the expectations of the Lenders and meet them.



Sellers need to know there is another solution, other than… Continue

Added by Margaret C. Taylor on January 7, 2010 at 5:46am — No Comments

Short Sales.....made painless



I know, I know, anyone reading this has got to be saying...yeah right..a painless short sale? But it is true that a short sale can be painless provided that rules are followed and a few tools are used.



One of the most important rules that I impliment is that my sellers are in the game. I explain that at times it may seem that I am demanding, and asking for more and more documentation (ie. paperwork), but I am just the messenger and at… Continue

Added by Tammy Davis on January 6, 2010 at 9:04am — No Comments

Why I want to do Short Sales

Contest Entry





When I became a Realtor three years ago, it was after nearly 30 years in a variety of sales and marketing functions.



It is my firm conviction that Sales is a noble profession. People often roll their eyes at me when I say that. They are, clearly recalling some experience they have had with a slimy salesperson who was focused only making the sale at all costs with… Continue

Added by Rick Schwartz on January 6, 2010 at 4:30am — No Comments

Why I help Kansas City homeowners negotiate Short Sales--and how they could go better...

I have heard it said that FEAR is the great motivator.



My experience has been that fear can cause homeowners to become professional AVOIDERS. Dodge the phone, leave the mail unopened, don't answer the door. And, I totally understand that fear and motivation to stick your head in the sand. I have been in financial trouble, and even faced foreclosure. When my daughter was born and needed a lengthy ICU stay, I thought it would bankrupt my family. We had massive medical… Continue

Added by Stephanie Jarman on January 6, 2010 at 4:30am — 4 Comments

Aurora Loan Services Offer - Too Good To Be True?

A homeowner recently emailed me quite concerned about a letter she received from Aurora Loan Services. She had a second mortgage with them for $29,700 at 12% interest. She had never been late with her payments and was not selling as a short sale. The Aurora letter stated she could pay her loan off now at about one-third what was owed, and would have no further obligation on the note!



Dear Customer:



Aurora Loan Services, as a servicer of your loan, has been authorized by… Continue

Added by Wendy Rulnick on December 27, 2009 at 6:00am — 7 Comments

Titanium Solutions is processing Bank of America Short Sales

Titanium Solutions is currently processing Bank Of America Short Sales that are Freddie Mac loans.



Bank of America has contracted with Titanium and Bank of America assigns the short sale to Titanium Solutions.



So you could be months into a deal and get a call from Titanium as I did. It is supposed to help speed up the process, but no guarantee of course.



You will have to sumbit the whole package again to… Continue

Added by Dawn Barrier eXp Realty Vegas on December 17, 2009 at 10:30am — 1 Comment

Positive Sign of Mortgage Lending? Sounds like things might be loosening up a bit?

If you are in the process of buying a house, keep checking on the progress, monitor your credit scores because the lenders have once again tightened their standards. Improve your credit profile by doing the following:

• Review your credit reports for errors. Visit AnnualCreditReport.com and order your credit reports from the three main credit-reporting bureaus: Experian, TransUnion and Equifax. You’re entitled to a free credit report once a year if you go through this website. Review your… Continue

Added by John Susan Karen on December 16, 2009 at 10:11am — No Comments

Will the Seller be asked to sign a promissory note?

Possibly. I have found that more times than not the Seller is not only willing to but wants to make a cash contribution or sign a note to get the deal done. It helps them to feel better about their situation. Most people WANT to pay their bills and honor their obligations.



Our job as Short Sale Agents is to give the Seller the facts and let them make the decision.



Here are two responses recently received from… Continue

Added by Bryant Tutas on November 27, 2009 at 2:30pm — No Comments

Reo Trans for Short Sales?

Need direction...have a Bank of America Short Sale in process and they called me...Good Right? Well...they gave me the website REOTrans.com to sign in as an agent...all well and good but it does not link me with my current offer...mind you I am the listing agent on the Short Sale...it did however give me access and let me list it on the site, I have offers in on the property and want to get this baby off my books....anyone have any calls on BofA properties, specifically Short… Continue

Added by Melissa Polce on November 16, 2009 at 8:32am — 3 Comments

"Day in the Life" of a Destin Short Sale Agent

Just one of my normal days selling real estate and short sales in Destin, Florida...



Buyer agent emails me to say buyer is “walking” if no response from Niceville short sale lender this week.



Another buyer agent calls me to say buyer is “walking” by October 31 if no approval given on Destin short sale condo.



Another buyer agent calls and emails me three times asking when the approved Bank of America Santa Rosa Beach short sale can… Continue

Added by Wendy Rulnick on October 28, 2009 at 9:27am — 2 Comments

Foreclosure Epidemic may be saved by Short Sale Remedy

I’m a member of a network of over 400 real estate agents and growing at Short Sale Superstars, who are committed to help sellers and buyers with short sales in Florida and across the America. Short sales can be difficult at times and this is why this group of professionals is so helpful not only to us real estate agents, but for you, especially. I would say that we are a Short Sale Agent support group, helping each other,… Continue

Added by Petra Norris on October 28, 2009 at 7:00am — 3 Comments

Will Destin Short Sale Lender "Pay" For The Privelege- And Make NOTHING?

This is a first for me. As a short sale listing agent in Destin Florida, I have a parcel of land for sale in a ritzy golf course community. It is in a newer gated neighborhood where building lots used to fetch over $200,000. When I took the short sale listing at $90,000, it seemed realistic. But the lot market near Destin has steadily declined, fluctuating between a 3 and 15 year inventory in the past two years. That means it would take at least three years to sell out all the lots for sale at… Continue

Added by Wendy Rulnick on October 24, 2009 at 3:40am — No Comments

When NOT To Take A Short Sale Listing

Today, I turned down a listing. It was not easy. It was a short sale. When listing a short sale, there are certain parameters that must be met. Here they are:



1. The seller must allow you to set the price. You know the market.



2. The seller must allow you to adjust the price based on your judgment.



3. The seller must provide all financial documentation necessary to complete the sale in a timely manner.



4. The seller must authorize you to speak with… Continue

Added by Wendy Rulnick on October 20, 2009 at 12:47pm — 24 Comments

HAP is BACK! Program Updates for PCSing Servicemembers With Upside Down in Mortgages

Are you an airman PCSing from Eglin AFB or Hurlburt Field? Are you upside down in your mortgage and owe more than your current property value? If so, you may know I have been checking the HAP website daily for the last several months. As I have previously reported, the site was taken down at one point, and all information was removed.



Today, the site has changed and information is posted that may be useful to relocating military who might qualify for the government assistance to… Continue

Added by Wendy Rulnick on September 30, 2009 at 11:30am — No Comments

Should I sell or buy my Kansas City home via a short sale?

Should I sell or buy my Kansas City home via a short sale?



A Continuing Guide to Understanding Short Sales Series.



Whether you are facing the possibility of needing to sell your Kansas City Home via a short sale or if you are considering buying a short sale, you will need to have information and tips on understanding this ever growing popular tool for home selling and buying. Over the course of several weeks, I will be providing a series of quick tips and information from… Continue

Added by Suzanne Hinton on September 25, 2009 at 12:00pm — No Comments

Bank of America Approval Letter - Version 2 - What Deficiency?

Alas! There is more than one version of the Bank of America approval letter. One without the dreaded "deficiency" reference. Mind you, not stating they reserve the right to pursue a deficiency may not mean Bank of America has given up that right, but it does cause less trepidation.







Deficiency... what deficiency? My theory - they are leaving out the deficiency reference, but not "forgetting" about… Continue

Added by Wendy Rulnick on August 22, 2009 at 9:49am — No Comments

Marketing and Selling Lakeland Short Sales deserve the Best

When I’m hired as your Listing Agent handling your Lakeland Short Sale, time is of the essence. The lenders may have filed already a Lis-Pendens, which puts the property already in a pre-foreclosure status.



Pricing your home is the most crucial step to marketing and selling – the comparative market analysis that I will provide is comprehensive and more emphasis is given to recent sales comparables similar to your home that are in distress as well as condition. My price… Continue

Added by Petra Norris on August 10, 2009 at 8:15am — 2 Comments

Would You Let a "Flipping" Investor Negotiate Your Short Sale?

I sent out a listing agreement a couple of weeks ago for a Destin Florida condo. This was a Bank of America short sale, and no payments have been made for 9 months. I never received the listing paperwork back, so just wrote it off.



Today I got a call from “Clyde”, who said he was a licensed real estate agent in the sellers' home state of Georgia and knew them personally. He was helping the sellers with a short sale of their primary residence. Clyde said the sellers still wanted me to… Continue

Added by Wendy Rulnick on August 4, 2009 at 2:02am — No Comments

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