Ask anyone and they’ll tell you that I have a sign in my office that reads: “No Excuses, No Whining, No Tire-Kickers, No Time-Wasters.” As I have gotten older (in my young age) I have less and less tolerance for non-committal not driven real estate dreamers. We all know the agent or investor th
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11/12/2010
The latest Zillow Real Estate Market Report indicates some markets are approaching the five-year home value drop of 25.9% that was seen during the Great Depression. In Atlanta, for example, home values are down 26% from their peak in June 2006. In just four years, Atlanta has matched totals of th
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11/11/2010
Investor calls me today and says, “I got a great deal on a property. Bought it for a 57% discount.” I asked him what it was a discount from? He answered back, “the original mortgage balance.” Say what? What is a real property discount exactly? The word “discount” is riddled with relative mea
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11/11/2010
In today’s market you simply MUST be harnessing the power of the social web. Did you know that the average person spends over 20 minutes a day on facebook? Using social media you can reach out to hundreds, even thousands, niche specific consumers with a targeted message for FREE in just a few mi
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11/10/2010
A veteran agent on our team today had an epiphany. After years of working in the industry as a top 5% producer, she learned for the first time that FHA and VA borrowers in default can apply for a short sale ahead of having a contract on the property. FHA and VA borrowers with provable hardship a
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11/10/2010
NAR - SHORT SALE CERTIFICATION -- Are they certifying and designating the inexperienced as short sale "experts"? The National Association of Realtors has unveiled their answer to the ailing real estate market by creating a short sale certification course. With over 48% of Americans needing a sho
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09/06/2009
Visit our new Short Sale dedicated site designed purely to see both real estate agents and investors reach unprecedented success. Whether you like short sales or not... we are all having to make them a part of our business. There is no part of the market that has not been touched by underwater h
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09/05/2009
How to HUD1 With Two Quarterbacks What do you do with a negotiating HUD1 when you have more than one lien holder? What do you offer the second mortgage on the HUD1 to get the ball rolling? The key to a negotiating HUD1 when you have multiple liens is to make each party think they will get less
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09/05/2009
Keeping Things in Perspective ....No Better Time to be an Entrepreneur Calling all short sale agents and investors: First, lets all acknowledge the elephant in the room....according to the National Bureau of Economic Research we have been in an official recession since December 2007 that will lik
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09/05/2009
Ever read Horton Hatches an Egg? He sits on an egg for 51 weeks because the bird was tired of waiting. I just read this story to my 2 year old and could not help but correlate the story to the typical short sale right now. Not to say that with the right combination of lenders, loan types, # of
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07/19/2009
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