Have you heard that banks will accept a certain amount of loss on their default real estate portfolios as a rule of thumb across the board? Have you heard that all banks are willing to take 20% less than the listing price?. Have you heard that all banks over price their listings because they know
...
01/09/2009
A recent unbelievable situation I was in has prompted me to write this blog. This is the account of that situation and should be enjoyed for it's shear entertainment value. I am not bashing anyone, just telling a story. This story is true however, names have been changed to protect the innocent..
...
12/28/2008
I am sick and tired of hearing about all these companies who are wanting a Bailout, Rescue Bill or Bridge Loan. The big three auto makers come to mind. For many requesting government funding, including the big 3, the basis of their ignorant argument is that, they are simply to big to fail. It wou
...
12/18/2008
Residential MLS No. 1039857 Status Active Area 1 List Price $149,900 Type Site Built Er/Ea Exc. Right-Short Sale Media 1 Address 2849 EVERGREEN RIDGE PT City Nashville Zip 37217 County Davidson Sub/Dev RANSOM PARK MLS Map Lot Number 130 Tax ID 135-10-0C-154.00-CO Deed Book/Page 200704240048492
...
12/15/2008
Because the country is seeing an unprecedented amount of foreclosure, I thought it might be a good idea to cover some of the basic terms and concepts of foreclosure. One of these concepts that every Realtor and Homeowner should be aware of is the Acceleration Clause. The Acceleration Clause can b
...
12/07/2008
When listing your home, you should always ask for Earnest Money. Now the question becomes, just how much Earnest Money should you ask for well, let me share some insight with you. Make the buyer think twice about backing out: Simply put, you need to have the buyer pay enough Earnest Money that
...
12/06/2008
First off, I am not an Attorney so any opinion I offer is just that, my opinion and should not be considered legal advice. I am a Realtor working and living in Tennessee. Ok, in this day and age with Domestic Partnerships on the rise, the discussion on what Joint Tenancy is and how it works is b
...
12/05/2008
A fixture is Personal Property that has been so affixed to land or a building that by law, it becomes part of the real property. (Modern Real Estate Practice 17 Edition) To help you understand this a bit better, let me give you some examples of what a "fixture" is..... •1. Heatin
...
12/03/2008
Ok, so here it is, another lead generation site offering Realtors leads for a monthly charge but, does it work. I normally wouldn't blog about these types of sites however, I also run a website, www.REOPro.NING.com and some of my members have contacted me wanting to know, what this BSG3 is all ab
...
11/28/2008
I got contacted today from a Real Estate Education company who claims that they can give me more business by completing their REO designation course. I mentioned to them that I already had a Default Designation from www.RealEstateEducate.com and I asked them what was so special about their design
...
10/31/2008