Aaron Cuha

Real Estate Recruiting: Profit Sharing, Revenue Sharing and Residuals

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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 the reality of it. Well in this article I will go over some of the systems that are available and let you decide what is best.

Those of you who know me understand that I don’t like to ever put down another company. I believe we all stand on our own merits and there is never a reason to bash or discredit another. So for the purpose of this subject I will be using fictitious names and only give real world examples and facts.
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How to Create A Twitter Search Widget

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Twitter Search widgets are easy to create.

Start at https://twitter.com/goodies/widget_search.

  • Choose the keywords for your search. It is important to consult the Advanced Search guide to customize your search results.
  • Add a Title and Caption
  • You can adjust Preferences (I like to add a scrollbar)
  • You can change widget colors and size
  • Test the results. If good, click Finish & Grab code. Copy and paste the widget code to your blog or website. Done.

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Google Search Tips & Tricks

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Things to Know Before We Start

  • google is not case sensitive: searching for doughnut is the same as DoughNuT
  • search operators are case sensitive: searching for doughnuts OR donuts uses OR as the google operator, while doughnuts or donuts does not.
  • google default is to search for pages that include all of your search terms. Also the order of your search term is somehow relevant.
  • google excludes common words (also called stop words) like “I” , “the” etc.
  • some operators can be combined, while others must be used alone.

Save time wading through millions of Google search results, get focused results and use Google search as a tool with these search secrets:
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Short Sale Deficiency Balances: What Are They and How to Avoid Them

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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 “Short Sales 101”. But for our purpose here I am going to assume that you not only know what a short sale is, but that you understand the term.

Now I have noticed numerous comments about the possibility of a deficiency balance after a short sale.  I have also received a lot of email questions and telephone calls from agents asking about what to do if the bank release does not specifically state that the short sale is in full satisfaction of the debt. In this article I will go over what you need to know to make sure this does not happen to your client.
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Short Sales 101

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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 lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency”

Seller Benefits

A short sale comes by as an assured relief, whereby you can sell your home to someone at a price lower than the mortgage balance (or, less than the loan balance).
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