I find that so many Real Estate Agents avoid marketing when it comes to their sphere. And yet statistics show that this can be the greatest source of referrals. Define and Rate your Sphere When is the last time that you took a good look at your sphere? What is the...
In light of the rising number of property foreclosures in the United States, the government has expanded the Home Affordable Modification Program (HAMP) to include provisions and incentives for servicers to allow short sales or deeds-in-lieu as positive options for...
Wikipedia defines a short sale as the following, “A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the...
Short Sale Deficiency Balances: What Are They and How to Avoid Them The Basics When the lender agrees to do a short sale, that means the lender is accepting less than the total amount due on the property. For complete details on this you might want to read my post on...
Profit Sharing, Revenue Sharing, and Residuals (PS for our purpose) is becoming more and more common in today’s market. I have met more than a few people who went with one company or another for this reason. On the surface it usually sounds great, but what about is...