Okay - It is Sunday afternoon and I have a short moment to sit and blog about something that I have wanted to share for awhile.....Even though it is Sunday I have already worked a full day, answered multiple phone calls, yelled at a contractor, revised a negotiating HUD1, "held the hand" of an im
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07/19/2009
We are looking for agents and investors currently pushing shorts through Bank of America / Countrywide who will share their experiences. When you share - please include notes from recent approvals. The time it took, seller concessions granted, commission allowed, etc.... Please also include the
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07/19/2009
If you are acively doing short sales and struggle with them sometimes going BUST - you need to listen to the short clip below. Some of the most common reasons we are running into are: 1)Buyers will NOT WAIT - and they BAIL 2) The Appraisal is TOO LOW - You get an approval and the buyer does their
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07/19/2009
The apple does not fall far from the tree.... Those of you who are real estate lifers - you know that deals never sleep. You likely have to answer the phone at the oddest times and places, stop in the middle of Wal-Mart to send a text message, find yourself checking your email religiously, alway
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04/19/2009
With short sales it is necessary to think even deeper into your contract stipulations for both your listings and all Purchase Agreements to protect ALL parties involved. I know that in some states in some brokerages you are provided stipulations or addendums to use. However, we process short sa
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03/30/2009
I had two agents call me yesterday wanting to show a couple of my team's Atlanta area short sale listings. Both immediately had negative things to say and refused to show as soon as they found that they are short sales. I believe in full disclosure, transparency, and setting propert expectation
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03/29/2009
You do - WHY? The most common reasons I hear for avoiding short sales: They take too long, they require too much additional work, the closing percentage is too low, lenders are ridiculous, buyers never have the correct expectations, buyer performance is low, sometimes foreclosure is too close, o
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03/24/2009
How many of you who have stopped to read this post are a Realtor and an investor? I hope that deep down inside - you all are or at least want to be. Real estate has been the root of wealth since we lived in caves. How many of you are always seeking ways to make more than just the standard comm
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03/21/2009
Short sales have their challenges - - - - Finding ways to systemize short sales, get them approved faster, and new ways to profit above commission are key! One of the time-wasters with short sales are getting HUD1 statements done and revised right when you need them. We just had a lender call
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03/21/2009
Hey short salers....my apologies, but I need to do a little venting....and thought sharing this story would be a great opportunity to talk strategy for dealing with STUBBORN junior liens. Just had an attorney try to tank a short sale deal that will bring us more than the normal profit centers for
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03/19/2009
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