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It’s not as if one is intrinsically smart whereas the opposite is dangerous. Property deals abound straight away for realty investors. However, knowing the ins and outs might keep each you and your investors from being shocked by things like hidden fees (penalties, unpaid taxes, etc.) as your property sale moves through the closing method.
Archive for the ‘BLOG’ Category
How Many Days You can reply to Notice of Foreclosure Letter
December 10th, 2010 
admin From the bank or lender’s perspective, short sales in Minnesota save many of the costs associated with a Minnesota mortgage foreclosure lawsuit, such as attorney or lawyer fees, the eviction process, delays from the homeowner or borrower, delays from bankruptcy, damage to the property, as well as the cost associated with maintaining the property just to name a few.
Social Responsibility of a Short Sale Specialist
November 22nd, 2010 mingscians Let’s face the truth because this is the reality of our business, in which operating short sales as a real estate agent is not exactly an easy business to be in. We’ve an inclination to be constantly at “war” with lenders who over and over do not seem to stress relating to their borrowers’ financial situation, or improving their own firm’s bottom line by mitigating losses in a cost-effective and effective manner.
Quick Tips to Choosing the Right Short Sale Specialist
October 31st, 2010 mingscians Based on experience as a Short Sale Negotiator, I have seen enough and know enough. I have known the disadvantages that put homeowners’ money down the drain while promising them to be saved from foreclosure.
Posted in BLOG 
Tags: business, home, lifestyle, management, marketing, real estate, short sale 
2 Comments »Freddie Mac Needs More Cash?
August 14th, 2010 admin Freddie Mac is going back to Uncle Sam hat in hand for the sixth time. The McLean, Va., mortgage company posted a $4.7 billion second-quarter loss and said its regulator will ask Treasury for $1.8 billion in new capital. The request will bring Treasury’s outstanding loan to Freddie (FMCC) to $64.1 billion. Under the terms [...]
More U.S. Home Sellers to Cut Price
August 11th, 2010 admin Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said Wednesday. Sellers in the 50 largest cities slashed $30.1 billion from prices on houses on the market as of Aug. 1, up from [...]
Condos Selling for Less Than Cars?
August 2nd, 2010 admin The housing bust has made owning a home a lot more affordable — but in some places, prices are extraordinary; you can buy a nice condo for less than the cost of a new family car. Some cities have dozens of attractive condominium listings selling for $50,000 or $25,000. There are some selling for less [...]
Treasury Planning Fannie Mae Reform
July 29th, 2010 admin WASHINGTON – The Obama administration, which has been under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference next month to discuss their future. The administration said Tuesday the event will be held Aug. 17 at the Treasury Department. The financial overhaul signed [...]
Negotiating HOA dues in a Short Sale
July 22nd, 2010 admin HOA dues can be deal killers for Short Sales if you are not familiar with Minnesota law concerning Assessment Liens and how to negotiate them. As the negotiator, you many times have to educate the lender as to how Association Liens are treated in MN. This post will give you a general idea of how [...]
The Foreclosure Crisis Hits a New Peak
July 19th, 2010 admin Despite efforts by the Obama administration to stanch nationwide housing woes, banks took back a quarter-million homes in the first quarter of 2010. But banks are keeping most of these properties off the market in an effort to improve home prices. The foreclosure crisis hit a new peak in the first quarter, as banks took [...]
