NEW SHORT SALE REQUIREMENTS

Bank of America issued the following UPDATE to all agents in their database this morning. Heads up agents! Just when you think you are ahead of the curve on short sales…they throw in some changes! I have highlighted the parts I found especially interesting. Effective October 1, 2013 U.S. Department of Housing and Urban Development […]

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GREAT Info From eXp Realty and Stefan Swanepoel

I am sure many consumers do not know who Stefan Swanepoel is, but if you are a real estate professional there is a good chance you do! I have been following his “TRENDS” for many years. And the man is a genius. He is a well known and well respected author, speaker and business advisor. […]

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PROPERTY THEFT TERMS~~~Good Info to Know

I was recently sent this from an insurance company. I thought it was good information to pass along. For law enforcement, there is a difference between Robbery, Home Invasion Robbery, Burglary, Trespass and Theft. When you report a crime to 9-1-1 or a police officer, the language you use makes a difference. TRESPASS When someone […]

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What The HECK Is Title Insurance?

If you are a buyer of real property…you might be asking what is this thing called “title insurance”? You may also be thinking it is a pretty big dollar line item on the settlement statement and that just maybe you are being sold something you do not really need. After all…you might have been renting […]

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WHY Do Good Loans Go BAD?

Well…I can answer this question! The loan process is just that…A PROCESS. Have you ever heard someone say they thought they were approved for a home loan and in the end they did not qualify? Let me tell you some “insider” secrets as to why… Lender, Gina Chavez, shared with me some of the main […]

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“Fiscal Cliff” Bill… What Does It Mean To Real Estate

All of us in the business of real estate have been talking about the Mortgage Debt Relief Act being extended. (READ MORE ABOUT THAT HERE) But there are a few other key points that have an effect as well. Here are some highlights I thought worth mentioning: 1. DEDUCTION OF MORTGAGE INSURANCE PREMIUMS If you […]

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RELAX and Move Ahead With Your Short Sale

Well…in typical Washington fashion…at the 11th hour…Congress extended the Mortgage Debt Forgiveness Act of 2007  for one more year. This is GREAT news for those folks still wanting to short sale a property. If this had NOT been extended, debt forgiven as a result of a short sale or mortgage modification would have counted as income for […]

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Thinking About Short Selling YOUR Home? Better HURRY!

I really don’t like pressure. I prefer to work and manage my life in a planned manner to avoid pressure and stress. But if you are an “upsidedown” homeowner considering a short sale…the pressure IS ON. Why? Because… Time is running out on tax amnesty for short sales and foreclosure A couple of years ago, […]

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