As much as the real estate game has changed for Sellers (as I had explored in my last post), the game has certainly changed for Buyers as well. The question is with some types of property, do they, or rather should they want to play? Over the last year I have had my share of horror-show -closi
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05/18/2008
It seems that the game has certainly changed with in this new market much like many of has experienced our businesses marketing strategies changing with all of this new web technology - including active rain and other social and business network sites. There really is a lot to learn about the we
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05/17/2008
This is part four of a series reragrding Buying REO "Real Estae Owned" Property, sometimes called "Bank Owned" property in Massachusetts. FEE SWITCHING: In Massachusetts there are many customs regarding fees,inspections, adjustments and responsibilities regarding utilities. A Buyer of Bank O
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05/10/2008
I was working with a Buyer on what seemed to be a very straight forward short sale. It was my understanding that there was one mortgage to be paid off that would be about 10% short. I placed the purchase in the normal purchase routine with the understanding that things could possibly go wrong and
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05/07/2008
In previous posts I have reviewed the Short Sale process from the Seller/Realtor's point of view. I have remained very active in representing Sellers in Short Sales (Currently I am involved with 7 Short Sales as the attorney for the Seller). On occasion I find myself representing the Buyer in
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05/06/2008
DANGER NUMBER 2 - Title Issues Another pleasant thing about buying a traditional owner occupied property is that the Seller will not require the Buyer to accept "Insurable Title" vs. "Marketable Title" and the Buyer may use their own vendors: title examiner, attorney and/or title insurance compa
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04/27/2008
Sorry that this post does not contain the top ten sites that I use. The fact is that I use Activerain exclusively, but I spend so much time reading about other sites like point2 and the new crib-something site from HGTV, Twitter, Craig's List, Face Book, Trulia and ????? - that I start to get an
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04/23/2008
Personally I hate text messaging. It takes me a long time and I cannot do it when I am driving. As an attorney my clients do not want a text message, but some Realtors I work with like it!!! So, I found this site called "Jott.com" In a nutshell, Jott is a number i call that records my voice an
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04/22/2008
DANGER NUMBER 1 - INSPECTIONS One of the nice things about buying an owner occupied property is that the Seller usually provides a “Seller’s Disclosure” of the property. This “Seller’s Disclosure” is a checklist of all of the main components of the house and the Seller’s disclosure of the condit
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04/11/2008
BUYING BANK OWNED PROPERTY - Introduction Purchasing Bank Owned Property is riskier than purchasing an owner-occupied property. The normal due diligence process, requirements for seller's disclosures, general fairness in the contract, adjustments after the closing, division of fees, quality
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04/11/2008
