Aloha Dawn, Hope everything is going well for you. I was out yesterday educating Realtors at open houses on non traditional financing, ie Land Trusts. They all seem to recognize that things are different and were open to pursuing the EHLT approach. A couple questions came up and I thought I’d ask
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11/11/2008
In honor of Halloween, I was trying to come up with something scary to write about. And then it came to me . . . the acceleration clause. It's the language that allows a bank to 'call' a loan when and if they find out title has been transferred. Yes . . . the proverbial, mysterious, vengeful, eve
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11/01/2008
"Aloha Dawn, I had a question for you to see how you might have handled something. My sister in laws' boss is gong to be selling his condo here in Hawaii (he lives in LA). I told her about the land trust and she thought he might be interested in it and maybe I could list his house using that appr
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10/24/2008
Answer: "Well, because I can." Question: "Why do you write totally random quirky posts sometimes? Don't you want us to think that you're a respectable professional?" It is intuitively understood by most people that anyone who goes by 'Note Queen' is likely to be eccentric at times. I don't actual
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10/22/2008
Once in a while, I really get a head scratcher. The other day I met with a seller and the buyer he had found for his property. The kitchen still needed to be finished, but they had agreed on a price, and the buyer was willing to take it "as is." The problem: the property wouldn't appraise for the
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10/21/2008
[Disclaimer: while a Note Queen often creates real estate notes, she apparently creates other notes from time to time . . . love notes, thank you notes, inspirational notes, mental notes, even musical notes. The administrators of this site take no responsibility for these creative aberrations, l
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10/17/2008
Unfortunately, too many people assume that if there is seller financing involved, there is no underwriting (qualifying) whatsoever . . . that it's a "free-for-all." That's simply not true, unless, of course, you have no idea what you're doing. Banks have whole departments dedicated to underwritin
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10/16/2008
With mortgage money harder to get, sellers provide financing Here's another interview that I really enjoyed. I absolutely love talking about owner financing and helping people explore their options. The above link will take you to the original article on MarketWatch.com (If it doesn't work, read
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10/14/2008
It's great to see that the media is increasingly picking up stories about my favorite topics. I had the privilege of being interviewed by IBD recently. You can read the article in today's paper: "Seller Financing Can Seal the Deal in Rough Market." Here's the first couple paragraphs: "Owner will
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10/03/2008
It's my privilege to speak to the agents at Keller Williams in Pasadena this Friday. The management is very supportive of every possible strategy to help their agents earn more commissions. KW is one of the most supportive and progressive real estate companies I've seen so far. Let's face it . .
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09/17/2008
