Jim's Blog

  CASH OFFER DOES NOT MEAN IT WILL ALWAYS GET ACCEPTED   Cash is King as the saying goes. However, this is not to say that it always remain that way. Sometimes, a King can be dethroned (aka Lebron, GO LAKERS!). I had a situation recently where the buyer indicated that since he was putting cash do...

Ok folks, don't get too excited. If you wanted to really know what transpired, please read on. Very strange but true. My office manager strips and opens all incoming packages (fedex, ups, 1st class mail, etc) BEFORE handing them to the appropriate agents. I thought this was kind of odd. It had n...

  CHECK THIS OUT. Loan balance are as follows: HomEq Servicing (1st lien): $560k Citifinancial (2nd lien) :       $28k We have a verbal approval from the 1st lien (HomEq Servicing) that would accept a NET of $400k to them and allow a MAXIMUM of $2k to 2nd lien (Citifinancial). The 2nd lien demand...

I have requested agents to leave their business cards when they preview/show my property listings. However, I noticed that many do not leave their business cards. Whenever I preview other agents' listings, I do leave my business card as a courtesy so they see that I have dropped by. I wonder why ...

The title piqued your interest, didn't it? Okay, not all shortsale agents are slums. The fact is that I called a listing agent today to inquire about a shortsale she has for sale. I asked a few questions as far as the property is concerned. Everything was good until I dropped the *bomb* on her. T...

Here's an interesting question. An agent at the office asked me this question earlier last week. Let's say the loan was funded right before the weekend, say Friday. Everything looks good and ready to close escrow. The only thing left is that it has not been RECORDED yet. It would be recorded the...

How your "10 AUNTS" are better than you think If you don't believe me, read on. I'm talking about "10 Aunts" that are mean, malicious, vicious, back-stabbing, 2-timer, etc and even they are not as bad as "tenants". Ok, that was a corny headline but it is getting late in the morning here as I wri...

Agents: How would you *SPLIT*  this Commission? A fellow agent named Joe ran into this situation. He found the lead and asked a fellow agent Larry to come along with him to the appointment to meet the seller for a listing. It is for a shortsale. The reason Joe asked Larry to come along is that i...

I ran across an interesting thing over the weekend. Many agents use their name on the business cards. However, one such business cards I came upon was from an agent who used an Alias. On the business card, it did not have the agent's First and Last name but an alias with the designation of CRS, ...

    Anyone experienced this? I have a buyer who wants to put in an offer on a listing. She used her sister and brother in law names on the purchase contract and said she will be signing on their behalf. She does not have any documentation showing that she has the power of attorney. She merely sta...