When a homeowner inherits property and has completed the probate process "Then What do they Do"? Rent it! Sell it! Move in! These are some of the most common motivations or reasons why homeowners sell after inheriting residential property. ..
This article accurately predicted that Florida would become a Corona Virus hot spot while explaining the effect on the Florida Vacation Rental market. This article was originally posted on April 19th, and revised on 6-19-2020. Ron DeSantis and the Coronavirus have had quite an effect on Florida Vacation Rental Income. The Governors ban has been extended through April 30th. The original March 27th order was based on the Governors rational that “many cases of COVID-19 in Florida resulted from individuals coming into the state of Florida from international travel and other states, posing great risk to Florida residents”. Desantis thought short term vacation rentals would enable behaviors that run contrary to social distancing..
A short sale is a transaction type, where the home is put on the market for sale at a purchase price that is less than the amount owed on the current mortgage. It is a scenario that benefits the homeowner as they avoid the credit hit and a deficiency judgment that comes with a foreclosure. A short sale has to be approved by a third-party called a “loan servicer” that represents the bank that owns your loan. A homeowner who is considering a short sale should be represented by a fully licensed and insured Real Estate Broker who follows the Realtor code of ethical conduct. 7 REASONS TO CONSIDER A SHORT SALE No Response causes Faster Foreclosures It is hard to determine how long it will take the bank to foreclose. ..
Understanding the motivations of a distressed home owner is key to the lead conversion process. Reasoning will allow you to decide how to communicate but more importantly will give you ammunition when dealing with owner objections. You want to list their property right? Give them the reason! Part of the sales process is getting the potential client to consider things they have not considered for themselves. You accomplish this by communicating the advantages and benefits. ..
Detailed research, knowledge and experience techniques allow inspectors to identify defects. Poor upkeep when a distressed homeowner has abandoned the property or just before foreclosure can make the house look worse than actuality. An inspection should never be performed when the electricity; water or gas is turned off. ..
Americans are turning to banks for a life preserver and lenders are throwing them an anvil! ..
A deficiency is the difference between the homeowner debt (or balance) on the property and what the home sales for in foreclosure auction. A deficiency judgment is a money ruling made by a court against the homeowner to pay the amount that was not obtained in the mortgage foreclosure sale. The foreclosure sale usually does not cover the original mortgage balance, fees plus all other liens that are applied to the property. (Other liens could include homeowner association, code enforcement, mechanics liens or Internal Revenue Service debt. This is why it is not smart to just walk away from your house and why it is important to settle your debt. Our negotiators can dissolve all deficiencies! We will provide you with legal..
For many, downsizing is an opportunity to cut the fat out of life and focus on the things that matter. Without expensive utilities, overbearing clutter, and endless household chores bogging your down. This will provide you more time to pursue your hobbies and try new things! But downsizing is a tricky process that doesn’t always go as planned. Here are some practical steps to ensure your downsizing move is successful. ..
Since the mortgage crisis, banks have paid over $243 Billion in penalties and fines. That’s Billion with a “B”. Most of these fines were assessed for misleading investors about their shady lending practices. JP Morgan Chase paid $13B for overstating the quality of bad mortgages. This practice played a crucial role in helping to inflate the housing bubble and worsen the financial crisis. Less than 4% of that Chase penalty actually went back to help distressed homeowners . “Bank of America & JP Morgan Chase have paid over $120 billion in fines for misleading customers” The most recent data from the Q3 OCC Mortgage Metrics Report stated that, 1.1% of mortgage modifications include debt forgiveness, which is..
Open Ended Questions allow you to gather information, establish rapport, credibility and trust. What makes open ended question process even stronger is using a declarative statement. A declarative statement provides additional information and enhances the open ended question. This allows the questioner to drop facts into the interrogative statement that you want the home owner to address. All these situations work well when the agent has information about the home owner to add to the declarative statement. See the 8 examples of qualifiers and open ended questions. 1. Homeowner: "I filed for bankruptcy so I don't need to sell" Declarative statement: All of the homeowners I helped, didn't understand that bankruptcy..
I am the Founder and President of Eureka Realty. I innovated and created the “7D” Lead Generation Theory that allows my clients to identify and acquire high profit residential real estate that is more difficult to find in today’s market. I am a result oriented strategic sales and marketing professional with proven results in income generation, financial analysis and problem solving. I am committed to helping you generate and preserve wealth by participation in the dream of home ownership. My goal is accomplished by providing sound real estate advice and offering access to quality & creative housing programs.
