Blog
Maryland’s Anne Arundel County reverses rule on short sale tax
Looks like Anne Arundel did the right thing and overturned the tax on short sales. From Hometown Annapolis: Anne Arundel County has done an about-face on how it charges taxes on short sales of homes. Just a week after real estate agents and title lawyers started complaining publicly, the county government is ending its practice... Read More
2010: The year of the short sale?
Was tweeting today about another short sale that I closed and received a 6% commission and got an approval in 30 days (man, was I happy…) when I came across this article that I think would be of interest to all of my fellow agents. Original post was at the WSJ Blog. Here is the... Read More
HUD Lifts ban on 90 day “flip” guideline
Here is some good news!!! If you are an investor or real estate agent, I’m sure you have run into this before. I know as an investor this has held up settlements of my investment “flips” several times, and in some cases has caused me to lose a buyer. HUD has decided to lift the... Read More
ThinkREAL.com and “Get Foreclosures Now!” go live!
Want to grab hold of an extra income stream? How about one that can lead to getting foreclosure listings? Want to get paid to do CMA’s? Now you can! Over the past 16 months, I have compiled a list of the best, highest paying companies that will give you leads to do BPO’s for banks—the... Read More
HUD Help on FHA-Backed Short Sales
Just wanted to let all you fellow agents out there know that HUD can be of great assistance if you need to perform a short sale on an FHA-backed mortgage. I just had a short sale that was denied by Chase, but HUD got it reopened and got it approved!!! This is information that any... Read More
Owner’s Title Insurance a Necessity
If you’re not telling your clients to get owner’s title insurance on purchases—especially foreclosures—you’re not doing your job. In today’s market, foreclosures are very prominent—and they come with a lot of potential issues. Owner’s title insurance is a onetime expense that can cover any title issue that may arise for the lifetime of the property.... Read More
No documentation loan can be a disaster for a short sale!!!
I hear agents at my training and seminars sessions all the time telling me that they get so close to a short sale approval and suddenly it is declined, because the seller got a no doc loan and they have no idea why. Well let me tell you why: A no documentation loan is one... Read More
Kiplinger: The Rise of Foreclosure Filings infographic
I found this infographic very interesting. Originally posted at Kiplinger.com. Click image to enlarge. Read More
Guidelines Aim to Ease Short Sales
Looks like the government has finally taken notice of the horrible job banks are doing with short sales, and have finally decided to step in and help make some changes. I think the most interesting part is that the government is saying that the homeowner must be released from any future liabilities, which if you... Read More
Vampire home hits the market
For the buyer who has a few million to spend, and loves vampire movies. 🙂 From the D.C. Examiner: Twilight fans can go home Hollywood style! CNN Money has announced that the original Edward Cullen home used for shooting the movie TWILIGHT is for sale in West Vancouver, Canada (Nov.18, 2009) CELEBRITY HOME FROM TWILIGHT... Read More