Kristin Duncan | Short Sale Negotiation | Transaction Coordinator

Kristin Duncan | Short Sale Negotiation | Transaction Coordinator Welcome to the New Short Sale Escalation Web Tool As a valued partner, you are part of a small group of real estate agents who are being granted access to a new Bank of America web tool that will allow you to escalate a short sale issue when necessary. Keep in mind, that there are specific guidelines for a short sale escalation, as well as steps you should take before a submission: A Guide for Agents – November 2011 Short Sale Escalation Guidelines THIS INFORMATION IS NOT...

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Asset Protection | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator

Kristin Duncan | Short Sale Negotiation | Transaction Coordinator The first 10 years of my real estate investing I ran my business as a sole proprietor because I really didn’t know any better. Luckily, I survived with only minimal damages, but there comes a point when it is time to assess the best legal structure to use for real estate investing. If you ask 10 experts you are likely to get 10 different opinions. With that in mind, I’ll share my opinion and experience. Remember: free advice is always worth what you pay for it. If...

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Personal Safety | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator

Kristin Duncan | Short Sale Negotiation | Transaction Coordinator A major concern for realtors is personal safety. Many times the realtor is working alone in showing a property, having an open house, or manning the model house in a new subdivision. Some personal safety issues should include: On the first meeting of a client, have them meet you at the office. Get as much personal information as possible. A copy of the driver’s license is a good start not only for safety, but also for the client database. If you have a strange feeling about...

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Market | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator

Market | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator If you own real estate or are thinking of buying real estate then you better pay attention, because this could be the most important message you receive this year regarding real estate and your financial future. The last five years have seen explosive growth in the real estate market and as a result many people believe that real estate is the safest investment you can make. Well, that is no longer true. Rapidly increasing real estate prices have caused the real estate...

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Short Sale Information

Short Sale Information When J. D. Tucker and his domestic partner split up, the distress went beyond heartache. He became a single father with five adopted children, and only one income. It wasn’t enough to pay the mortgage on their south St. Louis home. He bought it at the height of the housing boom. He owed $265,000 on a house now valued at only about $155,000. He fell behind on the mortgage. “You start getting notices that they were going to foreclose on it,” he said. Instead, Tucker took an option that’s gaining popularity...

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California Short Sale Information

California Short Sale Information BILL NUMBER: SB 458 CHAPTERED BILL TEXT CHAPTER 82 FILED WITH SECRETARY OF STATE JULY 15, 2011 APPROVED BY GOVERNOR JULY 11, 2011 PASSED THE SENATE MAY 23, 2011 PASSED THE ASSEMBLY JULY 1, 2011 AMENDED IN SENATE MAY 16, 2011 AMENDED IN SENATE APRIL 4, 2011 AMENDED IN SENATE MARCH 21, 2011 INTRODUCED BY Senator Corbett (Principal coauthors: Senators Correa and Vargas) (Coauthors: Assembly Members Blumenfield and Skinner) FEBRUARY 16, 2011 An act to amend Section 580e of the Code of Civil Procedure, relating to...

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