1) Typical Counter Offer to Buyer’s Short Sale Offer – I require the buyer to put down a $1,000 deposing for 90 days on ALL my short sales now.
2) We Pre-Qualify Our Buyers, Let’s Pre-Qualify Our Short Sales – Could not agree more. If the seller is not totally committed to the short sale process it is not worth the time, because as we all know short sales are not a short time.
3) Foreclosure Vs. Short Sale – This makes me wonder, are short sale rates different indifferent parts of the country? Do we get a higher percent of short sales approved in the Tempe/Phoenix than they would in St. Paul because almost every house here is in a short sale situation? The number is still much lower than it should be, but it sounds like it is higher than here.
4) Standardized Short Sale Process Will Benefit All Parties – WOW, another one that should know better promoting the HAFA program. I wish they accepted comments on this post. Want my take? Seller BEWARE!!!. Here is a video I did on why the HAFA short sale program is unlikely to work. And a second one I did yesterday on why the short sale program could be dangerous and this is just part one of at least 3.
5) This Should be Fun – Raising the Bar – Have you caught the #RTB fever yet?
6) Introducing 1000watt Spotlight: A real estate e-newsletter for curious (and busy) minds – Want to stay up on the latest in technology for real estate agents? I suggest you check the top 10 every day and subscribe to this newsletter.
7) It’s Called Negotiating, Not Eating Crow – Something everyone involved in the real estate transaction should read.
8) Crap, What To Post! How About… “Building A Web Based Real Estate Investor Lead Generation System – Week #1?” – This post was meant to introduce you to his new series on capturing investment leads. What I like most about it is his advice on coming up with a weekly topic to cover with some good suggestions.
9) Barney Frank Calls For an End to Fannie Mae & Freddie Mac – Do we really want Barney Frank of all people, who was yelling at banks to loosen their lending standards, to come up with a new system of housing finance?
10) Hey Banks! Wake Up! Loan Mods Aren’t Working… – Anyone who is saying loan modifications are working is either smoking something they should not be smoking or has their head somewhere the sun doesn’t shine.
