If I have two properties and short sale / removal of a property, the property will be affected others?
I have two houses in California. I live in one and the other is a rental property. If i short sale / foreclosure, the bank will go after the other house?
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California Short Sale Foreclosure Realtor Expert
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Does anyone know a good career or job in San Diego, I have a degree but ,…?
I do however have 4 years of high-end, a call exp close sales. Improvement streamline home appliances (ie, HVAC and window replacement). Also I have 6 months exp Account Executive. Labelling of the Corporation. I've been in the work force since I was 16 and now I have 22. I know the school is great to go to but I think with exp and networks of the right or the creation of networks that can do this …. thanks
OK – I'll tell you what you do not want to hear, but need to hear. Networks can help, but you have a problem. Their lack of education will put a glass ceiling of what they earn and the types of jobs you can get in life. You will see less experienced people with less intelligence than they are hired and get increases that you feel like you deserve, but never arrived. Is it fair? No. What is reality? YES! So you can put education on hold in a while, but eventually it will catch up with you. Have you ever wondered why so many degree completion and programs available at school night. It's because thousands of people like yourself have discovered that glass ceiling. So the goal is for you to get the tail back in school and earn a degree – in first grade for two years and then transfer the credits at a university and get a four year degree. By now I would like to find something out of their open evenings for classes.
San Diego Home For Sale – San Diego Homes For Sale
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When should I start shopping around to refinance my mortgage?
I have a 25-year mortgage that is fixed within four years approaching next July in 2009, under rate of 4.29%. Should I start shopping around a month or two before the presidency? Or should I wait for the bank contact me? Is it better to go through a bank or a mortgage broker? I live in Canada. My current mortgage is through a bank. This is my first mortgage and the next year marks the first time you refinance. Thanks!
You have a fixed rate for four years? Then it becomes an ARM? In the U.S., I would say start shopping around for a couple of months before the rate adjusts. If there is no prepayment penalty and you are in a declining market, you may want to start purchases at all times to ensure that your home will be considered in the amount of refinancing.
Higher Mortgage Rates Discussed by RateSupermarket.ca on Canada AM
[mage lang=”en|es|en” source=”flickr”]short sale realtors[/mage] in a short sale, how does the broker get paid?
We need a lot of short sale, how our sales agent are and can pay just short sale through the bank directly.
The lender is not going to help in a short sale process and can work against of interest regarding the interest of lenders to re-coup as much of the value of the loan, as they can, in general, most short sales and not lead to foreclosure, but in general the real estate agents are paid commissions at the end assuming the lender approves the whole deal
Mortgage Short Sale – Realtor Negotiates for Bank Approval – RealEstateMarketingThisweek.com
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[mage lang=”en|es|en” source=”flickr”]short sale homes for sale[/mage] Short SALE: Do you have to be included in the MLS?
We found a house we like, not in the market yet, but is preparing for into selling. The seller agent said he did not put it on the market at all if you write an offer for a certain amount (compositions in the area ran to determine the amount.) Let's see our agent compositions also buyers (who happens to his cousin). The question is: not a short sale must be put in the MLS? Plus, it sounds something fishy here?
It is up to the bank. Most require it for public sale in the MLS until they signed the contract. listing would not prevent the sale.
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[mage lang=”en|es|en” source=”flickr”]utah homes for sale[/mage] What is the actual commission of the typical properties obtained by an agent in Utah? Our agent is asking for a 7% (sellers).?
We are selling our house and our agent has said that she charges 7% commission on sales. I've seen other agencies that advertise 2% or 3% less services, but I wonder if 7% of the load which is typical for full-service agents in the state of Utah?
6% is "normal" and each agent gets a 3%. This market is really soft. I shop around for real estate agents. There are some listing agents that will do it for 1% or put it on the MLS (which reality is all you need) for $ 500 – $ 1000. My advice to you would not pay more than 1.5% to listing agent in this market. Bid her and she can accept or reject. Do the math. In a house of $ 200,000, 3% is $ 6000. If set to 40 hours to close the deal (most likely not come anywhere close to that), she is getting paid $ 150 per hour. Some doctors do not do that. It's a soft market and players are hungry.
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Short Sale – the definition of principal residence?
I was wondering, what is considered residence. How long have to live in property before you can use new tax exemption law. short sale specialists say just move in their direction and chance, there is no limit minimum time. Others tell me two years. I've only owned the property for a year however. I bought the property and reduced by 50% in value! Do I have to pay that even if I file a form 982 of insolvency. I'm not saying that even though bankruptcy.
If you pass the test of insolvency does not have to pay taxes on property. You represent that you owned the property, but will not indicate if you live in the property … if not living there, then there is your primary residance. But however, if insolvency is passed does not have to pay taxes on the amount short.
More people are buying homes and condos. The home and condo sales are up 11.4% in the first quarter of 2010 compared to 2009. The reasons are very simple – The low prices and low interest rates. Short sale and foreclosures represent more than half of all sales in some markets.
Short sales and foreclosures are presenting some truly amazing deals and buy one of these great offers is what you are looking for. To get the best deal, it is important follow a few critical steps in the purchase. This short guide will give you the basics of buying on the market today.
1. Define what you want
What is what you want in a home or condo? What do you pay? Where do you want to be found? Answer these questions before taking it seriously. The number of properties available in the markets for short selling and execution make this really important. When you're navigating, this step is not so important, but when you think you are ready to explore the purchase, you really should define your wishes and needs.
2. Knowing the market where you buy
You need to know the local market smaller markets in the convenience markets. You can find a wealth of information and price trends in zillow.com, trulia.com, and many housevalues.com others. Such services are ideal for research, but the information is often a few months ago. More current information is available in an active agent local real estate.
3. Get your financing in order
In many cases, these days we are dealing directly with banks and companies mortgages. When we make an offer on a short sale or foreclosure, financing or proof of funds must be in place.
4. Venture
Once you know what you want, it's time to view the properties. Viewing properties is a process. You can start with a list of properties that interest you, maybe five , or ten. You can get that list of different places, but the list of the best, probably, your local real estate agent.
It is possible that as few or any goods in the first list. Do not be discouraged, this is part of the process and very normal. What is the best real estate agents do is ask questions about each property In order to determine what you like and dislike. The next time you go out you will see the properties on the basis of these criteria. Continue the process until you find the house or condo that meets your needs. Then you are ready for the offer and negotiations.
5. Make Offer
How low do I go?
The offer you make will be based on a few main factors:
* How long has the property on the market? * Are there other offers? * Competition in the price range * The time and patience * You
One bedroom two to two bath condo on the beach at a low price may out competitive bids. If the property is in the market for a few days and has several offers, is well below the listed price will probably not work. If property has been on the market for a long time, going down makes sense. For short sales and foreclosures, often wait weeks or months for a response banks so that it takes patience. You have a better chance to go low short sales. Once the bank has foreclosed on a property, set a price that is searching based on the market today.
Meet local sales numbers. What price range are the majority of sales take place? In some markets, homes and condos for sale $ 200,000, up more than 75% market share. If you are bidding on a hot price range, there may be more competition.
The decision to bid for a property is yours and depends on you more than anything else. A real estate can offer a guide, but you need to take the decision. Let the real estate agent to obtain all available information on ownership and recent similar sales and tell you what think, but you have to decide.
6. After your offer is accepted
After the offer is accepted must obtain an inspection. An inspection is necessary for you to protect yourself. It is also necessary to carefully read the title of reports, especially if additions or modifications are made. Make sure what should have been allowed was recorded properly.
Read the Evaluation Report. You are in search of errors, lack of benefits and anything I can do the estimated value below what it should be.
7. Get Help
A good real estate agent should make the process as easy as possible. Find out who is the best short sale and foreclosure agents are in your area. The officer must have training and certification and a history closing of such transactions. If you hire a lawyer or accountant, hire the best you can afford. Get the best help I can.
After these Seven steps can help you get a great deal in buying short sale and foreclosure.
Michael Byrne is the owner of CenterPointe Realty in the Daytona Beach Florida Area. With his wife Lynn, they have over 13 years of marketing and selling homes and condos. They have worked with sellers and buyers to close over 50 Daytona Beach foreclosures and short sales. Lynn is recognized as one of the top experts in distressed property in the area. To learn more go to ==> Daytona Beach Real Estate
Short Sale Solutions ~ Training for Real Estate Agents
