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Are Short Sales Becoming a Thing of the Past?

Blog Contributor Customer Service, Helpful Tools, Mark-to-Market, Sales & Marketing, Short Sales & Foreclosures 2 Comments

By Jennifer Klein and Derek Sandoval

Is your market changing like ours? Increases in home prices and home values here in Sacramento, Calif., is good news for homeowners who once thought they’d have to do a short sale. In our latest video, we discuss what the latest market conditions mean for our business and our clients.

Jennifer Klein is a …

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Cheese and Real Estate: A Lesson in Trends

Blog Contributor Business Challenges, Professional Development, Short Sales & Foreclosures 4 Comments

    By Dave Robison “Who Moved My Cheese?” by Spencer Johnson is an easy but great read. The narrative is a simple story that describes the trials and tribulations of two mice—Sniff and Scurry—who always rely on getting their cheese from the same source. When the cheese source is moved, they wonder why it disappeared and promptly go in …

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Nevada HOAs Challenged in False Claims Lawsuit

Blog Contributor Arbitration & Dispute Resolution, Business Challenges, ethics, GSEs, Political Action & Involvement, Short Sales & Foreclosures 4 Comments

By Tara Owen Mention Home Owner Associations (HOAs) to any Las Vegas home owner and you are sure to get a passionate love them or hate them response. Many home owners I’ve met with are bitter over the fines imposed by HOAs for seemingly trivial violations. The ongoing controversy of fraudulent practices, excessive assessments, and egregious collection costs of HOA …

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Why I Love Being on the Buyer’s Side in a Short Sale

Blog Contributor Business Challenges, Buyers, Sales & Marketing, Short Sales & Foreclosures 8 Comments

By TG Gallaudet Wait…I’m totally lying. Is there anything more painful? 🙂 It’s no mystery that short sales can be really tough because of all the variables involved: * Unclear timelines from the bank. * Undisclosed liens. * Back HOA expenses the bank won’t pay. * Non-straightforward buyer. * Inexperienced listing agent. * Cash contributions (increasingly more and more). * …

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Keep that Sign in the Ground

Blog Contributor Business Challenges, Helpful Tools, Seller Financing, Sellers, Short Sales & Foreclosures Leave a Comment

By Cory Brewer Last summer, an agent in my office took on a listing with high hopes…the market in this particular neighborhood was moving fast and prices seemed to be pretty stable.  Unfortunately, though, by the time the clients were ready to hit the market, some of the neighboring comps had slashed prices (assumably to try and get sold before …

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The Additional Expenses of Buying a HUD Foreclosure

Blog Contributor Business Challenges, Short Sales & Foreclosures 5 Comments

By Lynn Minnick Although I’ve been in real estate for 10 years now, I just closed on my first HUD foreclosure.  We haven’t had that many in my market (yet!) and so far I’ve somehow managed to avoid them.  I almost fell out of my chair at the closing when the HUD attorney handed me a survey to complete regarding …

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Don’t Be Afraid To Do Your Job

Blog Contributor Business Challenges, Professional Development, Short Sales & Foreclosures, Working with Clients 4 Comments

By Jennifer Klein Sometimes short sale clients need to be referred to a tax professional or real estate attorney. Overcome your fear of losing the listing and do your due-diligence as a real estate professional. Jennifer Klein is a REALTOR® in Northern California who is experienced in short sales, investments, and property management. Connect with Jen at RosevilleAndRocklin.com, JenKlein.com, and …

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I Quit Real Estate

Drew Burks Being a REALTOR®, Business Challenges, Personal Fulfillment, Short Sales & Foreclosures 14 Comments

By Drew Burks Breaking News … OK, this is hardly breaking news, but after 10 years in the real estate game this may come as a shock to a few people.  To be honest, it kind of shocked me that I am actually throwing in the towel! The past couple of years I have come to understand that my purpose …

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Help Home Owners Envision Home Ownership Again

Blog Contributor Helpful Tools, Homeownership Education & Counseling, Short Sales & Foreclosures 1 Comment

Consumers who’ve been through foreclosure may think their days of owning a home are over. Not true. Share the “5 Steps to Owning a Home Again After Foreclosure” from the November “Foreclosure Resource Guide” now available at the REALTOR® Content Resource. Here’s just some of the information: 1. Rebuild your nest egg. Establish a safety net. Since you’re coming out …

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My Deal Needs CPR… Again

Blog Contributor Business Challenges, Buyers, communication, Homeownership Education & Counseling, Short Sales & Foreclosures 1 Comment

By Kelly Reark I have been representing a buyer since June of this year when he made the decision to put in an offer on a short sale.  We aren’t closed yet, and it has been a bumpy road.  Our journey actually began in January of 2007, but who’s counting? There are many ways that this deal could die along …