Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
Kristin Duncan | Short Sale Negotiation | Transaction Coordinator Real estate investing is always good and sometimes it’s red hot. When it’s hot dozens of real estate seminars begin rolling across the country and thousands of people spend thousands of dollars for investing education. It’s startling to learn that of all those thousands of eager folks who attend these seminars only about 5% buy even one investment house. Why? The real estate gurus sell the “sizzle” and make profiting from real estate sound easy. The...
read moreKristin 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...
read moreKristin Duncan | Short Sale Negotiation | Transaction Coordinator
Kristin Duncan | Short Sale Negotiation | Transaction Coordinator Short Sales 2012 Due to a confluence of several factors, experts predict that there will likely be a significant uptick in the number of short sales for distressed properties throughout the rest of the year, with a spike coming over the next few months. The market for short sales — that is, underwater homeowners selling their houses despite owing more on the mortgage than the property is worth — is expected to hit its all-time peak in 2012, largely because bankers...
read moreSummer of Short Sales | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
Kristin Duncan | Short Sale Negotiation | Transaction Coordinator Coming soon to a neighborhood near you: A late-summer wave of short sales, as homeowners, mortgage bankers and potential buyers all race to settlement on bargain-priced homes that are worth less than the mortgages written on them. “We’re seeing a rush already,” said Daren Blomquist of Realtytrac, a firm that monitors real estate foreclosures and distressed sales. “There was a big increase in the first quarter and we’re expecting that to continue.” A short sale occurs...
read moreAsset 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...
read more