Here's what I think......
In Florida it is perfectly legal to give commission rebates. The rebate just has to be disclosed to the parties of the contract (buyer and seller). By the way, 40 States allow commission rebates.…
ContinueAdded by Bryant Tutas on April 6, 2011 at 1:57am — 3 Comments
This article is from the Florida Association of REALTORS(R) daily news letter:
More legal snags jeopardize real estate deals NEW YORK – March 15, 2011 – With a real estate market filled with complex deals, legal disputes from real estate transactions are on the rise. Legal snags from short sales, foreclosures, and disclosures are prompting more real estate deals to end up in court.
Legal disputes stemming from…
Added by Bryant Tutas on March 15, 2011 at 11:30am — 1 Comment
Added by Bryant Tutas on February 25, 2011 at 7:06am — 8 Comments
Hi folks. If you negotiate Short Sales for a living then you know that a HELOC ( Home Equity Line of Credit) can be a real pain in the rear end. They usually want more money than what the 1st lien is willing to give them and they want the Borrower (Seller) to participate in their loss by making a cash…
ContinueAdded by Bryant Tutas on February 19, 2011 at 8:27am — 3 Comments
Added by Bryant Tutas on February 6, 2011 at 3:07am — No Comments
I received this article through the Florida Association of Realtors(r) newsletter today. It will interesting to see how this plays out.
Investors allege massive fraud by Countrywide NEW YORK – Jan. 26, 2011 –A lawsuit alleges Countrywide Financial Corp. and two of its former executives misled institutional investors who were stuck with huge losses from mortgage-related investments that they say were portrayed as…
ContinueAdded by Bryant Tutas on January 26, 2011 at 9:56am — 1 Comment
Hi folks. Last year I had a closing for one of my Orlando Short Sale listings. This particular lender required all parties, including the agents, to sign an Arms Length Transaction…
ContinueAdded by Bryant Tutas on January 15, 2011 at 2:02am — 2 Comments
Hi folks. I had a seller call me earlier this week needing a Short Sale agent ASAP!! He hasn't made payments for many months and had actually already moved out of the property expecting to be foreclosed on any day now. Chase sent him a letter and fortunately instead of just throwing it away thinking it was another collection attempt he opened it.
Inside was an offer he couldn't refuse. Stay in the house, maintain it, bring them a contract at FMV (fair market value) and they will…
ContinueAdded by Bryant Tutas on December 30, 2010 at 4:39am — 3 Comments
From the Associated Press.....
Arizona, Nevada sue BofA over loan modifications PHOENIX – Dec. 20, 2010 – Attorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is misleading and deceiving homeowners who have tried to modify mortgages in two of the nation’s most foreclosure-damaged states.
Bank of America violated Arizona’s consumer fraud…
Added by Bryant Tutas on December 20, 2010 at 6:07am — No Comments
"Please explain me the details of a short sale, or other proposal that you can bring to my case. "
Added by Bryant Tutas on December 4, 2010 at 2:42am — No Comments
Bank of America and Harris Real Estate University are…
ContinueAdded by Bryant Tutas on December 2, 2010 at 10:00am — No Comments
Added by Bryant Tutas on November 19, 2010 at 8:35am — 2 Comments
Added by Bryant Tutas on November 17, 2010 at 3:30am — No Comments
THE DETAILS
Date: Saturday morning, November 13th, 2010
Time: 8am Pacific / 9am Mountain / 10am Central / 11am…
Added by Bryant Tutas on November 11, 2010 at 3:00am — No Comments
Foreclosures and short sales have changed the way we look at we real estate. Instead of looking for the ideal home to raise a family in Buyers now just want a deal. It's all about the price and getting the best house for the least amount of money.
But what I see as a Florida Real Estate Broker is broken dreams and lives. Families uprooted and torn apart. The frustration and stress of losing…
ContinueAdded by Bryant Tutas on October 15, 2010 at 11:00am — No Comments
On top of this, the Attorney General in Florida is investigating 4 law firms for filing fraudulent…
ContinueAdded by Bryant Tutas on October 6, 2010 at 11:00pm — 3 Comments
Hi folks. Today I want to clear up one big misunderstanding about the Equator.com system. For those of you that aren't familiar with Equator, Equator is the online portal that Bank of America and GMAC use to help expedite their short sales. Quite often I hear from agents, buyers and sellers that......"Equator accepted our offer" or "Equator denied our short sale." In fact, here's…
ContinueAdded by Bryant Tutas on September 21, 2010 at 6:00am — No Comments
Hi folks. Do you ever wonder what happens after the Short Sale? If the lien holder states they will be contacting you after closing to make arrangements for you to pay the rest of the money you owe....do you believe them? Well you should.
I had a closing a few months ago where…
ContinueAdded by Bryant Tutas on September 10, 2010 at 12:33am — 3 Comments
Added by Bryant Tutas on September 2, 2010 at 12:30am — 3 Comments
Hi folks. Let's talk about this Strategic Short Sale thing a little. I know there are many people that just can't understand why anybody would do a Short Sale if they can afford their mortgage payment and they do not have a hardship. In…
ContinueAdded by Bryant Tutas on August 19, 2010 at 12:00am — 2 Comments
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