It is happening right now, as we speak. . . millions of email fliers advertising the fast falling interest rates are circulating the United States. There are rumors that another drop is immanent! What are the loan originators of America doing to attract this business? I would like to know! Re
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01/24/2008
THE BROKER’S PRICE OPINION:Once the Lender has received the short sale application, the next phase of the approval process is the Lender’s independent verification of the value of the home based upon its condition and market conditions in the neighborhood in which the subject property is located.
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01/23/2008
A smooth closing! OK, but what does that mean? I just had a situation arise in my office that is reminiscent of an issue that I had many years ago which was simply mortifying: I received a referral from a Realtor for a purchase. We worked very well together throughout the process. The Buyer wa
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01/23/2008
PART 2 Crunching the Numbers and Gathering Information: This second section of the series describes the necessity of crunching numbers and gathering accurate information from the Seller in order to properly market the property and prepare for the short sale negotiation ---- WORKING WITH DEBTORS:M
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01/22/2008
Recently, I was responding to a realtor/broker in Illinois (Contact Richard Ives) who made a great point in his blog regarding the actual sale trends in his area. Richard indicated that while it may be taking 100 days or so, Sellers are in his locale ae still getting within 3% of their asking
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01/21/2008
Upon review of some recent legislation regarding extended notice periods before acceleration of amounts owed under the foreclosure statute I noticed that an additional section of the law was passes pertaining to loan originators in Massachusetts. It appears that as of July of 2008 all loan orig
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01/21/2008
SHORT SALES FOR THE REALTORa three part seriesby Attorney Nyles L. CourchesnePART 1 Getting Familiar With Short Sales: This first section of the series describes the basic definition of a short sale, the motivations of the Seller and Lender in negotiating a short sale and the basic steps that nee
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01/19/2008
