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.…

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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…

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These FTC Mortgage Assistance Relief Services (MARS) disclosures were put out for Florida Realtors(R) but I'm sure you can adapt them for your use as well. These documents were provided by the Florida Association of REALTORS(R). The package also includes an opinion from NAR and the complete FTC MARS Rule. I hope this helps. …



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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…

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Hi folks. I LOVE successful Short Sale closings. This one had a few issues but I was working with an awesome Buyer's Agent, Evelyn Broxterman, with Keller Williams in Lakeland Florida, she was able to keep the buyer on board for 6 months!! Evelyn is also one of our Short Sale Superstars.



The property:



4 bedroom 2 bath single family home located in Lakeland Florida. It was bought new in 2005 for $190,000 as an investment property.

Liens:



* Mortgage with Bank… Continue

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…

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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…

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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…

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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…

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"Please explain me the details of a short sale, or other proposal that you can bring to my case. "

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Bank of America and Harris Real Estate University are…

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WASHINGTON – Nov. 19, 2010 – Florida still leads the nation in the

percentage of homeowners who are “seriously delinquent” on their loans,

the Mortgage Bankers Association said Thursday.



In the state, 19.52 percent of borrowers were either 90 days past due or

in foreclosure in the third quarter. Add in borrowers who are 30 and 60

days late, and nearly one in four Floridians are behind on their loans.



The good news… Continue

Bank of America short sale webinars – were you able to attend? We

hope you were able to attend the short sale webinar and that you found

it valuable, providing the kind of insights that will make the short

sale process clearer, more manageable, and more efficient for you and

your clients.



If you were unable to attend the webinar, a replay can be viewed at…

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Hi guys. If you are available this Saturday, Jennifer Allan with Sell With Soul is interviewing me about Short Sales and www.ShortSaleSuperstars.com.



We'd love to have you tune in. Here are the details:

THE DETAILS

Date: Saturday morning, November 13th, 2010

Time: 8am Pacific / 9am Mountain / 10am Central / 11am…

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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…

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Hi folks. If you have been paying attention to the news over the last couple of weeks then you know that Chase, GMAC and Bank of America have suspended foreclosures in 23 States, including Florida. This is all related to employees signing documents and submitting them to the courts even though they never read them.

On top of this, the Attorney General in Florida is investigating 4 law firms for filing fraudulent…

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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…

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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…

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I really love this new video from Tom Ferry. An awesome example of marketing in social media. I have a feeling this video will be going viral. Let me know your… Continue

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…

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