Blog

The world is fast paced with changes being made at the drop of a hat and with the click of a button.  Now more than ever communication is key to lasting relationships with your clients.

Technology is a beautiful thing and has worked wonders for my business in terms of on the go statistics, social connections, mobility, photography, videos, on the go web and search, the list can go on and on.

But are your clients getting the short end of the stick when it comes to that one on one attention you promised in your presentation?  Are all your gadgets that you use to save you time becoming the automated norm in which people communicate? Does sending an automated mass text or email to them and all your other clients count as true communication? What about a facebook message or tagging them in a tweet..Does that count towards the communication credit? NO!

One of the most important aspects of real estate is communication.  It is key in this industry to keep things moving along smoothly and without any misrepresentations or misconceptions.  The more you communicate with your clients about marketing, showings, statistics or even just to say hi, the more comfortable they will feel.  Consistent communication with your clients lets them know that they are not a commission check and you have not forgot their names.  Being able to listen and communicate is what real customer service is about.

Now I am not saying that everytime you have something to say or some update to tell them about you need to go knock on their door or have a conference…No, of course not.  I utilize all forms of communication with my clients.  However, I still give them that personal one on one attention.  Sure I will send an email asking them a question one day and a week later I will call them on the phone or stop by their home.

The point is, do not allow yourself to be swallowed up by all the available automation technology that is out there… From auto blog posts and facebook updates and tweets, to the auto email messages and I have even come in contact with the auto phone update as well.  I am not saying to never use these tools, but use them sparingly and don’t forget your first priority is customer service and client satisfaction, which in my experience relates directly back to solid personal communication.

Tim Brown
Owner/Broker, Realtor®, ABR,CRS,CDPE®
Auctioneer NCAL#8560
Hines & Associates Realty
TeamHeidi
Direct Line: 704-619-1008
Client Care Line: 704-815-3208
www.CarolinaHomes4Sale.com

Bank of America is making a process change that will reduce the processing time and improve customer service for HAFA Short Sales (Home Affordable Foreclosure Alternative Program) that are submitted with an offer.

The proposed change goes into effect Dec. 1, 2011, and impacts all short sales submitted with an offer in which the homeowner is eligible for the Home Affordable Foreclosure Alternative (HAFA) program.

When a short sale is submitted with an offer and the homeowner is HAFA eligible, we will no longer halt work on the file while waiting to contact the homeowner. HAFA eligible homeowners are no longer required to call our Short Sale Customer Care to indicate whether they will participate in the program.

Instead, real estate agents specializing in short sales can indicate a homeowner's HAFA interest by submitting the necessary documents to Equator within 14 days. During that 14-day window, the short sale will continue moving forward. By the end of the 14 days, if we have not received the requested HAFA documents, we will continue to process the file as a traditional short sale.

This change is being made because we are transitioning the processing of all HAFA short sales with an offer from our outsourced vendor partners to Bank of America associates. A Bank of America specialist will be able to seamlessly transition a file from our traditional process to the HAFA process, thus improving customer service and the borrower and agent experiences. Homeowner's and agents should be aware that Bank of America's outsourced vendor partners will, however, continue to process all short sales submitted without an offer.

Action required:  

Short sales initiated on Equator.com that receive a HAFA eligibility message no longer require homeowners to call Customer Care to confirm their interest.

-  If homeowners wish to participate in HAFA, agents must submit the requested documents within 14 days.  (Note: the 14-day period begins the day the HAFA solicitation letter is mailed to the homeowner. Agents can obtain the date of the letter from homeowner.) 

-  If you are unclear about which documents to submit, contact your short sale specialist via Equator messaging. 

Additional Recommendations:

Homeowners interested in understanding the benefits a HAFA short sale, including the $3,000 relocation incentive at closing are encouraged to review HAFA Program or the HAFA education guide to learn more.

Bank of America also has put together a HAFA Eligibility FAQ for interested homeowners

Alternatives to Foreclosure in the Los Angeles Area

If you or someone you know in the Los Angeles area is having a difficult time with their home mortgage payments, it is especially important to know what the alternatives to foreclosure might be. Two of the most talked about alternatives are Loan Modification and Short Sale.

Loan Modification: The borrower works with their lender to change the terms of their mortgage loan. This is usually a change in the interest rate and your monthly mortgage payment for a period of time. Unfortunately, not everyone will qualify for a loan modification. Most homeowners will begin to make trial payments (temporary lowered monthly payments) to their lender while they are under review for a modification. Those who are fortunate may be offered a permanent loan modification. However, I have spoken to some people who have been on trial payments for a long while and unfortunately, the mortgage company will reject the loan modification. 

Short Sale: If the homeowner has tried for a loan modification and does not qualify, their lender will suggest a short sale of the home. Note, a short sale may still be attempted even if the homeowner does not try the loan modification first. You do not have to apply for a loan modification before a short sale. What is a short sale? When the owner of the home is having difficulty or may be in trouble with their mortgage payments in the near future and the balance is higher than the current market value of the property, the lender will be asked to take less than the amount that they are owed when the house sells. It is important that you work with someone that has experience with short sales because it is a different process than the tradtional real estate transaction. 

Feel free to contact me directly at 818-903-2040 to discuss alternatives to foreclosure in the Los Angeles area. 

Other areas served:

Agoura Hills, Arleta, Beverly Hills, Box Canyon, Burbank, Calabasas, , Canoga park, Canyon Country, Castaic, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lakeview Terrace, Mission Hills, Newhall, North Hills, North Hollywood, Northridge, Pacoima, Panorama City, Pasadena, Porter Ranch, Reseda, San Fernando, Santa Clarita, Saugus, Sepulveda, Sherman Oaks, South Pasadena, Stevenson Ranch, Studio City, Sun Valley, Sylmar, Tarzana, Toluca Lake, Topanga, Universal City, Valencia, Valley Glen, Valley Village, Van Nuys, West Hills, West Hollywood, West Los Angeles, Westlake Village, Woodland Hills, Winnetka

Bell Canyon, Camarillo, Moorpark, Newbury Park, Oak Park, Oxnard, Simi Valley, Thousand Oaks, Ventura, Westlake Village

IF YOU DO NOT SEE YOUR AREA HERE, PLEASE CONTACT ME. THANK YOU

Experience with Lenders: Bank of America, Chase, Wells Fargo, GMAC, Citimortgage, Citibank, Litton, Aurora Loan, SPS, SLS, etc

source: http://activerain.com/blogsview/2626511/alternatives-to-foreclosure-in-the-los-angeles-area

Getting a short sale approved is no easy task. Buyers can, and do, walk away if they feel the transaction is taking too long. Mortgage insurance companies frequently demand unreasonably high contributions from the seller, thus killing the deal. Servicing rights can be transferred to a new lender mid- transaction. The foreclosure auction occurs despite the lender repeatedly telling you that it was postponed. These are only a few examples of what can go wrong. Admittedly, many of the aforementioned reasons are unforeseen and cannot be prevented.The majority of short sales that fail, however, do so because the person handling the transaction makes a mistake and the buyer walks away prior to obtaining short sale approval. While it is imperative that the person handling the short sale negotiation takes certain steps to ensure a successful short sale, the buyer's agent plays an equally important role in the approval process. With a traditional sale, the buyer and seller negotiate against each other, whereas the agents in a short sale must work together to keep the transaction from falling apart. As someone with an extremely high short sale success rate,  I encourage buyer's agents to take the following steps in order to ensure a successful short sale transaction.

1. Ask The Listing Agent Important Questions

 The buyer's agent should always inquire as to specific transaction details prior to submitting an offer. You should always begin by asking the listing agent if they will personally be handling the short sale negotiation with the lender. If they use a third-party negotiator, then you will need to speak with that individual in order to determine their experience level. The first thing you need to ascertain from the individual handling the negotiations is the amount of liens encumbering the property. If the homeowner has two loans, then you will need to obtain short sale approval from both lien holders. As you can imagine, this fact, as well as the lenders' identity, will largely dictate how long the short sale transaction should take. Keep in mind, you should also confirm that all taxes are current and, if it is a condominium, whether all condo fees are paid because any delinquencies will result in additional liens that must be released prior to a deed transfer. Once you determine the total amount of liens, you should also ask whether the seller is already in default and, if so, whether a foreclosure auction date is scheduled. The last thing you want to do is spend a couple of months committed to a short sale only to find out that a foreclosure date is imminent. Finally, it is always a good idea to ask the seller why they are seeking a short sale. Although the seller does not need to provide specific details, the buyer does have a right to know whether the seller has a lender approved hardship and, therefore, whether they even qualify for a short sale. If the listing agent or third-party negotiator cannot answer these basic questions, it is highly unlikely that they have enough short sale experience to get your short sale closed.

2. Manage Your Buyer's Expectations

 Once you determine that the seller is a qualified short sale candidate, you should next turn your attention your client, the buyer. You should immediately provide the buyer with a reasonable short sale time-line. By doing this, you not only show the buyer that you have done your homework, but you also ensure that all parties are on the same page from the outset of the transaction. On the most basic level, all short sales consist of three stages: (1) offer (2) valuation and (3) negotiation. Thus, if you provide a reasonable estimate of how long each stage will take, it is much more likely that your buyer will remain a party to the transaction, even if an unexpected event occurs, such as the loan being transferred to a new servicer or the lender grossly overvaluing the property. Both of which, by the way, have happened to me. If, however, the buyer enters the transaction with the expectation that the short sale will be approved in one month, the lender never has a reasonable opportunity to complete the short sale approval process. An offer that expires in thirty days is not a strong offer and most likely not the "highest and best" offer because it never has a fighting chance to close. Instead, the buyer and seller should mutually agree upon a time period in which they reasonably expect the short approval to be obtained. That way, all parties are on the same page from the outset of the transaction. The simple task of providing the buyer with a short sale time-line will not only manage the buyer's expectations, but will also discourage casual purchasers from making an offer on a short sale property.

3. Eliminate All Contingencies In The Contract

 Simply put, short sale lenders do not like contingencies. The only exception to this rule is the mortgage financing clause and, even in that case, the buyer will have to submit a pre-approval or proof of funds letter showing that they will be able to eliminate the financing contingency shortly after receiving short sale approval. Thus, if you represent a buyer who needs to sell their current home prior to purchasing another, your client should not be looking at short sales. Another common contingency, and a source of contention, involves the property inspection. Most buyer's agents insist upon conducting the inspectionafter the lender approves the short sale. Most listing agents, however, don't like this because it gives the buyer the ability to walk away from the transaction at any time, without cause. In my opinion, an offer that enables the buyer to walk away at anytime is likely not the “highest and best” offer because the buyer is not committing to purchase the property subject only to short sale approval. The post approval inspection gives the buyer another opportunity to back out of the purchase with little or no penalty. The seller, on the other hand, is unequivocally making a commitment to the buyer because they effectively take the property off of the market once they submit the signed offer to their lender. Admittedly, I understand why buyers may want to not want to spend a few hundred dollars up-front on an inspection, but you could easily make the argument that this decision potentially costs the buyer more money in the long run. Keep in mind, once you submit the offer to the lender, you forfeit your right to adjust the purchase price.If you are buying an “As Is” property, such as a short sale, wouldn't you rather take into account all necessary property information prior to submitting your offer to to the bank? In other words, wouldn't it be in the buyer's best interest to find out whether there are any major property condition issues prior to committing to the transaction for 60-90 days? More often than not, a short sale fails because the buyer walks away as a result of the property inspection, not because the seller was unable to obtain short sale approval. Regardless of your point of view, it is always best to deal with the inspection contingency issue at the outset of the short sale transaction so as to avoid any potential disagreements between the buyer and seller.

4. Make Sure Buyer Is Prepared To Close Upon Receipt Of Short Sale Approval

Most short sale approval letters are only valid for 30-45 days, and the majority of buyers make the mistake of waiting until receipt of the short sale approval letter before they initiate the financing process. In today's market, it is virtually impossible for a buyer to obtain mortgage financing during this time frame. Moreover, simply obtaining a pre-approval letter from your buyer's lender is insufficient. Anyone with an email address can obtain a pre-approval letter. As the buyer's agent, you need to initiate contact with your buyer's lender and confirm whether they will be able to close within 30-45 days of receiving the short sale approval letter. I always ask the buyer's lender for a list of conditions that need to be satisfied in order to receive a firm mortgage commitment. Next, I make certain that the buyer completes as many of these tasks as possible during the time in which I am working on getting the short sale approved. This way, the buyer simply needs to update their financial information and conduct the appraisal in order to finalize their financing. While most short sale lenders will grant an extension, they are harder and harder to obtain, and in some cases the seller is required to update their financial documents and re-submit the entire file to the investor for review. In my opinion, it is much more efficient, and doesn't cost the buyer anything, if they eliminate all financing conditions during the short sale approval process rather than waiting until the short sale is approved.

5. Be Prepared to Negotiate and Engage The Use of a Professional

If you haven't figured it out by now, short sales require the cooperation of all parties involved. Unlike a conventional sale, where the process is primarily adversarial, the buyer and the seller must work together during a short sale in order to get the deal approved. This includes the negotiation. Everybody knows that lenders prefer short sales to foreclosures, but they are not going to give the property away for less than what they deem as fair market value. By agreeing to the short sale, the lender is trying to mitigate their losses. As a result, the lender is going to attempt to cut their losses wherever possible. The most common method is to reduce real estate commissions or seller paid closing fees. Lenders also try to minimize their loss by demanding a cash contribution or promissory note at closing. This is where it pays to engage the use of a short sale professional, even if you are the buyer's agent. The short sale lender typically pays the negotiator's fee, so why wouldn't you take advantage of the negotiator's expertise? Furthermore, by encouraging your client to use an experienced short sale negotiator, you are showing the seller that you are committed to the purchase and taking the necessary steps to get the deal closed as efficiently and effectively as possible. The short sale negotiator should be able to leverage their expertise and get the lender to agree to the short sale with minimal financial damage to all parties. A good negotiator is one that it is able to convince the lender that the proposed offer will result in less of a loss than a foreclosure, while at the same time getting the buyer their desired purchase price and, most important, getting the seller out of a bad situation with minimal credit damage an no deficiency balance owed following the short sale. All parties must be willing to negotiate and showing the lender that everyone is willing to make concessions will greatly increase the likelihood of getting your short sale closed.

Related Posts:

Five Tips For Listing Agents To Ensure Short Sale Approval

How To Keep Buyers A Party To A Massachusetts Short Sale Without A Signed Purchase Contract

Five Things To Avoid When Writing Your Short Sale Hardship Letter

About the Author: Greater Boston Short Sales, LLC (GBSS) is Massachusetts’ leading short sale negotiator. GBSS assists buyers, sellers, real estate agents and attorneys with getting their short sales closed. Contact us today if you are a homeowner facing foreclosure or a Realtor seeking assistance with a short sale transaction. GBSS is a MARS provider. Please read our disclaimer HERE.

If you are considering a Massachusetts short sale, and would like a free short sale consultation, please call my office to schedule a meeting or a telephone consultation at (617)264-0376.

There have been some recent numbers and percentages being released concerning different polls and surveys the National Association of Realtors has conducted.  These numbers work to paint a solid picture of what buyers really do care about in terms of their agent and how they are represented.

From the start you can say with certainty that people are not concerned about how technologically savvy you are or how many neat toys and gizmos you have.  What they do care about is that you can find the right home for them and deliver what they are searching for.

The majority care about you finding them the best home for them, while many also care about the negotiation.  They want you to be able to negotiate the best deal possible for them.

It would be ridiculous to say that Realtors these days are searching down homes for their clients…Sure you set up alerts and notifications of homes that match your buyers criteria and keep an eye out for a good match but gone are the days where an agent will sit down and search the MLS rigorously for your property?  Is it because the Realtor of today is unwilling to do this? No..any good agent will do this if needed. But it is because by the time the buyer contacts an agent they usually already have a stack of printouts from all the search sites of homes that they are interested in.  It then becomes the agents job and duty to find the “right” home for their clients.

I think the mark of a good agent is someone that can provide to the client exactly what they want as well as go way above and beyond their expectations.  Sure your job is to help them find the best home for them, but it is also to make sure that they are not taken advantage of, that they get the best deal possible on the home, that they are actually happy with the choice that they made and that they are excited about the process in general.

Providing the above and beyond service is what buyers really want.  They want to know that you care and that they have your attention.  Once you provide them with that, helping them find the right home is easy!

Tim Brown
Owner/Broker, Realtor®, ABR,CRS,CDPE®
Auctioneer NCAL#8560
Hines & Associates Realty
TeamHeidi
Direct Line: 704-619-1008
Client Care Line: 704-815-3208
www.CarolinaHomes4Sale.com

Everyday a new adventure!

We have a Short Sale agreed to.

Closing 11/29 - has to be funded by 11/30.

The 11/27 walk though found that the copper had been stolen.

PS - We are in the Northeast  & property is hot water heated - lots of copper!

Any experience you can share?

What did you do?

How did it work?

DiscussionsRepliesLatest Activity

OFF TOPIC, I am thankful for............................finish the sentence a beautiful and caring wife/business partner..... Started by Jeff Payne	9	8 seconds ago Reply by Bryant Tutas
Tenant Purchasing a Short Sale Has anyone had any success with a tenant purchasing the home from the landlord in a short sale? I realize that all parties have to sign an… Started by Rita Cox	2	11 hours ago Reply by Rita Cox
Do Short Sales Have To Be Sold 'As Is' I am about to negotiate an offer with my first short sale listing. I did add on an experienced short sale agent to co list with me. Howev… Started by Jackie Beardsley	7	16 hours ago Reply by Rita Cox
Bank of America's policy on allowing third-party negotiators to work short sales I am a third party negotiator that the agents and homeowners select to assist with the short sale process. For a year I have been negotiati… Started by Kristin Johnsen	142	yesterday Reply by Smitty
Does a SS offer go to MI first or to the investor? It seems to me it would go to the investor first. Started by Investor	3	yesterday Reply by Jessica Kesler
Is there a limit to pay to the 2nd lienholder in a non-HAFA, Fannie Mae investor short sale? I went through the Fannie Mae loan workout facts sheet from 11.16.2011 https://www.efanniemae.com/sf/servicing/pdf/loanworkoutfactsheet.pdf… Started by Barbara Pedersen	8	yesterday Reply by Beverly Cibulsky
Is overpaying for a home OR not getting proper APPRAISAL/INSPECTION a REASON for a SHORT SALE? So, I was goofing around and found out pop star Rhianna is selling her Beverly Hills pad which was completely remodeled in 2007/2008 http:/… Started by Smitty	0	yesterday
BofA short sale success! Hi everyone. We just closed escrow on a B of A short sale that's been dragging on since April! The whole process was somewhat of a nightmar… Started by Poyin Chen	1	yesterday Reply by Richard
Alternative to Deed in Lieu program?????? Has anyone heard of an alternative federal program that would allow a lender to accept a property from an underwater/defaulted borrower and… Started by Andrew Arild	1	on Friday Reply by Bryant Tutas

"Short Sale Superstars

Advanced Short Sale Training"

Our goal is to provide you with best ADVANCED Short Sale Training available. We are not teaching you how to take a short sale listing and put a package together for the lender.

1. HUD-1 Secrets that produce winning results. NOW AVAILABLE!!

2. Bank Communication and Escalation Techniques. NOW AVAILABLE

3. Overcoming bad BPO's. NOW AVAILABLE

4. Overcoming cash contributions and promissory notes NOW AVAILABLE

 5. Negotiating Junior Liens. NOW AVAILABLE

6. Lead Generation Strategies

7. FHA, VA and HAFA Success Tips

8. 10 Most Common Short Sale Mistakes and How to Avoid Them

9. Solving Last Minute Closing Hurdles

10. Running A Short Sale Business

Each training class will be delivered by 45-60 minutes of audio and will be released every 2 weeks (or sooner) beginning on 14 September. The cost is $37 per class OR you can pre-pay for all 10 for $200.

The instructors for Short Sale Superstars Advanced Training are Broker Bryant and Wendy Rulnick......CHECK IT OUT

This site is owned and operated by REGrow, LLC

A Licensed Florida Real Estate Brokerage

ShortSaleSuperStars@gmail.com

DISCLAIMER

REGrow, LLC does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community.

If you have been exposed to the Real Estate industry in almost any way, shape or form then you have for sure been exposed to the popular marketing tactic of a FREE CMA!

If you are someone that is jumping into the real estate river for the first time then this may be a new concept for you and may be something you really have no idea about.

So what exactly is a CMA?  Well, a CMA stands for “Comparative Market Analysis”.  In short, it is a technical way of saying “What’s the market like where I live”.  Though this is something that most Realtors will offer up for free and many use as a marketing strategy of sorts, you should not overlook the importance of having one done.  Realtors offer them up for good reason.  They provide a solid report on how the real estate market is performing in your particular neighborhood.  These reports can be very short and to the point or could be a 50 page document. They tell you what homes are for sale, what homes have recently sold and for how much and can tell you what your home should sell for today.

A CMA is used to help initially price your home.  It takes into account the surrounding area and the current market performance and can deduct with pretty good accuracy a solid starting point at which to list your home.  These

For example…in simple terms, let’s say in your neighborhood 3 homes exactly the same as yours in terms of bedrooms, bathrooms, square footage and whatever else…They are virtually identical in characteristics.  Now let’s say that these 3 homes have all been sold in the last 6 months between $325,000 and $350,000. With that knowledge you can deduct with pretty good certainty that your home would in fact sell for more than $300,000.

Now let’s say that your home has something that none of the other homes have.  Let’s say that your home has an in-ground pool.  We then would have to attach an overall value to the pool and can then adjust our listing price accordingly.  Same holds true if your home is the only home out of the 3 that does not have a pool.  You would then deduct a defined value from the estimated listing price.

The above of course is about as simple as it can get, but it does give you an idea of how a CMA works. It also gives you an idea of why a CMA is so important.  You get a snapshot in time of how your neighborhood is performing in the real estate market today.  You can use this CMA to gauge when the best time to sell would be for you.  Many realtors offer free CMA updates via email for you to track the changes over time and make an informed decision.

But in all honestly, though a CMA is thrown around for free and used by many as a marketing tactic it is actually one of, if not the most important information tools available and should be one of the first items you look at when you are thinking of selling your home.

Would you like a FREE CMA? CLICK HERE!

Tim Brown
Owner/Broker, Realtor®, ABR,CRS,CDPE®
Auctioneer NCAL#8560
Hines & Associates Realty
TeamHeidi
Direct Line: 704-619-1008
Client Care Line: 704-815-3208
www.CarolinaHomes4Sale.com

If you can not pay your mortgage you might want to do something about it sooner rather than later. Here's why:

1. The Mortgage Debt Relief Act of 2007 is set to expire at the end of 2012

2. This act says that if you sell your primary residence as a short sale or it is foreclosed then no federal tax is owned on the debt foregiveness, the difference between what you owe and what the bank was paid back after the short sale or foreclosure.

3. In 2013, unless the act is extended there will be taxes owned on homes that are foreclosed or sold as short sales.

4. Do you really think the congress is going to pass anything like an extension of this tax relief during the election season?

So, if you can not pay your mortgage DO SOMETHING NOW. Don't be stuck with losing your home and then still owing taxes on it.

If you have any questions about short sales in San Mateo or Santa Clara Counties, please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

DiscussionsRepliesLatest Activity

Did you take equator clasess? Why or why not? Hi , I am in the process of receiving equator training and the only options are paid options where I can choose between two designations.… Started by Natalie Arndt	5	1 minute ago Reply by Bryant Tutas
Bank of America's policy on allowing third-party negotiators to work short sales I am a third party negotiator that the agents and homeowners select to assist with the short sale process. For a year I have been negotiati… Started by Kristin Johnsen	49	3 minutes ago Reply by Bryant Tutas
Question re relocation hardship Hi all, I have sellers who have an incredible job opportunity in another city; unfortunately they are underwater on their current home. S… Started by Coleen DeGroff	1	7 minutes ago Reply by Bryant Tutas
Cheap rental to get SS buyer to stay in deal?? Hi, I had a bit of a crazy idea that I wanted to run by some collegues. I have a seller who has a first w/ PNC, house is approx $80K under… Started by Michael	9	20 hours ago Reply by Wendy Rulnick
OCWEN/JMac Contacts? Ready to close!! I've had transactions fall apart for lame things, but this is the lamest! Ready for docs, and JMac (the lender my client's mortgage broker… Started by Lisa Wiseman	3	yesterday Reply by Lisa Wiseman
Freedom Mortgage To Everyone, I need some information with Freedom Mortgage. If you have any experience with them, please respond. Thanks, Joan Hawthor… Started by Joan Hawthorne	6	yesterday Reply by Hank Montgomery
Chase Gives Seller $10K Back Without Even Being Asked! When Chase started sending incentive solicitation letters to their borrowers in hardship early this year, many in the real estate industry… Started by Mike Linkenauger	1	yesterday Reply by Smitty
Deed in Lieu Since my client and Regions Bank(2nd mtg.) could not come to agreement. We were not able to move forward with a short sale. Now Bank of A… Started by Lisa Jaworski	1	yesterday Reply by Wendy Rulnick
First time buyer in need of advice regarding BOA counter offer We are buying our first home, a short sale, and the lender is BOA. We offered full list price (280,000) with no concessions. Bank counter… Started by michelle furr	28	yesterday Reply by Richard
Bids Submitted on BofA shortsale and after long silence selling agent says house is still on the market Hi All, I'm completely new to short sales. About 1.5 months ago, I submitted an offer on a short sale (saw the home on Saturday, selling… Started by Richard Martinez	8	yesterday Reply by Harry Clay

"Short Sale Superstars

Advanced Short Sale Training"

Our goal is to provide you with best ADVANCED Short Sale Training available. We are not teaching you how to take a short sale listing and put a package together for the lender.

1. HUD-1 Secrets that produce winning results. NOW AVAILABLE!!

2. Bank Communication and Escalation Techniques. NOW AVAILABLE

3. Overcoming bad BPO's. NOW AVAILABLE

4. Overcoming cash contributions and promissory notes NOW AVAILABLE

5. Negotiating Junior Liens. NOW AVAILABLE

6. Lead Generation Strategies

7. FHA, VA and HAFA Success Tips

8. 10 Most Common Short Sale Mistakes and How to Avoid Them

9. Solving Last Minute Closing Hurdles

10. Running a Short Sale Business

Each training class will be delivered by 45-60 minutes of audio and will be released every 2 weeks (or sooner) beginning on 14 September. The cost is $37 per class OR you can pre-pay for all 10 for $200.

The instructors for Short Sale Superstars Advanced Training are Broker Bryant and Wendy Rulnick......CHECK IT OUT

This site is owned and operated by REGrow, LLC

A Licensed Florida Real Estate Brokerage

ShortSaleSuperStars@gmail.com

DISCLAIMER

REGrow, LLC does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community.

I am so proud to say that we just assisted another Johnson County KS homeowner seeking to short sell their Shawnee home. 

The loan was an FHA insured with BB&T and frankly, was one of the best experiences I have had in working with a bank/investor on a short sale.  I found it very easy to communicate with BB&T's short sale specialist which made the process run smoothly and to the benefit of BB&T and FHA.

. 

It is refreshing being able to experience a working relationship with a lender on a short sale transaction that went so smoothly and was a "win-win" for both our Sellers and the lender/investor. 

 Request a Free Confidential, no obligation, analysis of your home and options that may be available to you to help reduce the burden you may have.

Kansas and Missouri Short Sale real estate agent having successfully closed short sales with Bank of America, Chase, Citi, US Bank, Wells Fargo, BBT, and others.

Suzanne Hinton
Hinton Group-Affiliated with ReMax Premier Realty
Phone: 816-520-0917
Email: shinton@remax.net
Licensed in Kansas and Missouri

(There are potential tax consequences that should be discussed with a tax professional.  Please do not interpret this information as providing legal, tax or other professional advice which you should seek independently.)

©2011 Suzanne Hinton-Hinton Homes-Shawnee Short Sale Realtor
Kansas City Short Sales

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• Bottom line...you may have heard of a "deed in lieu" but not understand what this really means for you. (hintonhomes.wordpress.com)

In today’s real estate market situation, selling your home can be tough and stressful at times. But there are better ways that you can do to speed up the selling process of your home in the tough market. Giving attention to simple details, matching colors, and making the room look more appealing can attract buyer's attention and possibly buy your home.

Focusing your attention to simple details such as searching for the tips on how to speed up the process of home selling can benefit you and help you increase the chances of getting buyer’s attention. Some changes in your home need not to be pricey as long as it can definitely add comfort and increase offers to your home.  Starting from rearranging the furniture, you can move the furniture away from the walls. Experts say that this can make the room appear larger and spacious yet this depends on the size and shape of your house.

If you have vacant rooms, adding a colorful table and chair can make a room more appealing and inviting. Giving a room a purpose and adding it with some pleasant décor help buyers see how you optimize and use the vacant room. By this, buyers can develop an idea that will integrate a more appealing and purposeful things to the room when they decide to buy it.

Put good lighting to the room. A room that has a poor lighting can really turn off home buyers. Stage rooms can really look great because of the lighting. The accent you give to the room help create good lighting. Another way to make the room more inviting and appealing is to paint the room with same color as the drapes. Having the color of the room that match with the drapes can create an illusion that the room is larger and gives a fulfilling feeling.

Selecting neutral colors also produce better results. Keep in mind that outdated furnishings can turn off buyers and sometimes they don't appreciate bold colors. These days, neutral colors are not boring anymore. Neutral colors can have underlying tones of color. For instance, beige can have an undertone of pink or tan, and white can have a tone of bluish and peachy color. Keep in mind to use these colors in large areas.

Selling the house in the tough market nowadays needs extra retouch. Creating an attractive appeal and special furnishing touches can surely attract home buyers. Keep in mind that by putting extra effort, your house will look great and you can sell it quickly.

Interested in homes for sale in the province of Arizona?

Feel free to check out Avondale Houses for Sale and Homes Buckeye Arizona.

Today I was thinking that if the home owner is not paying the mortgage than most likely the insurance is also gone by the way side. My question is this:

 Will the bank place insurance on the property and if so how much liablity.? 

 Will that protect the home owner,family and guests from injury while living in the property? 

What about when it gets listed and people interested  for some reason need  to enter the property and gets injured? 

 What happens than, who you go after? Just thinking out loud

I've lately been having many friends and clients receiving certified mail from their "lender" (but it actually seems to be from the govt) saying they are qualified to get a lower rate through the HARP program.....that it will be easy and all they have to do is fill out a few papers. These are owners that have never had a late or missed payment as well. So far, I havent heard of ANY of my clients getting this lower rate very easily-and when it has come back from Freddie or Fannie, it is declined saying no real hardship. (They arent supossed to even have a hardship, just looking to refi an underwater mortgage.) Then, they have been advised to actually MISS one payment and then they will get the lower rate. And this is NOT the case....then it has snowballed into back and late payments, and leaving these poor borrowers (who never were in distress in the first place) struggling to negotiate to get any type of refi program qualification from Freddie or Fannie!!!! And to keep their home! Anyone else out there hearing similar stories? Am I correct in thinking this is terribly wrong?? Cassie

There is a $1600 difference between what B of A will give the second and what the second deed of trust wants. The buyer is willing to pay this but our negotiator says Bank will not approve this. We suggested that the buyers agent pay this and get reimbursed from seller concession but still we are told no go. Any ideas? 

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Kevin and Fred discuss buyer's agents that simply aren't getting the job done.

USA article last week indicated Arizona will be out of the woods regarding short sales and reo properties with one year.

We normally have 45,000 for sale in Maricopa County...today 19,000. We close over 9,000 homes a month. Inventory is less than 4 months.