This is a new term I heard in class from my real estate agent students. It describes a home buyer shopping for a move-up home; a nicer home in a nicer neighborhood. The buyer has an existing home and the home’s value has dropped so far that in order to sell, they would have to go through […]
Archive | Short Sales
To the Students from the Jan 13, 2010 Short Sale Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up from today’s class. Here are two articles on how credit scores are effected by short sale v. foreclosure v. bankruptcy. First, here’s Ken Harney’s article and here’s Ardell’s follow up on the blog RCG. Here’s the link to the Making Home Affordable government website for a homeowner to see […]
To the Students from the June 4, 2009 Classes at CDA Realtors
Hi Everyone, I arrived at Coeur d’Alene earlier today and have been driving around taking in the beautiful sights. Had a great dinner at the Outback and then took a walk near the CDA Realtor headquarters. Now I’m doing my research for class tomorrow and found some interesting links. Here’s a link to Foreclosure.com which […]
Short Sale Class Coming to Tumwater on June 10, 2009
Hi Olympia area agents! Jim Bennett from RE/MAX Parkside Affiliates attended my Short Sale class a few months ago in Kent and promptly offered to host classes in his training room for Olympia area real estate agents and Realtors. The Short Sale class is the first in a series of four classes that agents can take to […]
To the Students from the May 22, 2009 Advanced Short Sales Class
Hi Everyone, Here’s the follow up from class last Friday. Here is the link to the FICO website showing the components of a person’s credit score. Here is the link to the Chapman website. Laura from class mentioned that this is good source for research but I don’t see their research department linked from the home page. Laura, […]
Thanks for learning along with us, Aubrey Cohen!
I always take the time to talk with the mainstream media when they call. Why? Well I get so much of my news from mainstream media, which to me means radio and online newspapers that I feel obligated to help journalists when they’re researching a story. These folks don’t do what we do all day […]
To the Students from the April 29, 2009 Short Sale Class at Keller Williams Bothell
Hi Everyone, There were a couple of follow up questions from class: There was a question about new information on second mortgage write-downs coming out of the President Obama administration as part of the Making Home Affordable program. Here is an article that covers this issue. I promised to send a link to the FICO website that […]
To the Students from the April 27 Short Sale Class in Kent
By Jillayne on April 28, 2009 in Real Estate Continuing Education Classes, Short Sales, Uncategorized
Hi Everyone, Here’s the follow up from our short sale class: There was a question about the new NWMLS rule regarding identifying listings as “short sale” or “bank owned” and whether or not existing listings must be identified in this manner or if it would only effect new listings going forward. I did hear back […]
To the Students from the April 9, 2009 Short Sale Class at SKCAR Bellevue
By Jillayne on April 11, 2009 in Real Estate Continuing Education Classes, Short Sales, Uncategorized
Hi Everyone, Here’s the follow up information from our class: There was a question about how a selling agent can discuss commission with his/her buyer. I have received lots of help from my fellow co-bloggers over at RainCityGuide. Jim Reppond’s answer is the best so here it is: While the NWMLS does not explicitly forbid […]
For Students From the March 19, 2009 Short Sale Class at Firstam Bellevue
By Jillayne on March 21, 2009 in Current Issues in Mortgage Lending, Making Home Affordable, Short Sales
There was a question about how to search for short sales and REOs (bank-owned foreclosed homes) in the NWMLS, until such time as a search feature is activated. I wrote a blog post about this here. Here are all the press releases from the Obama administration’s Making Home Affordable plan. and here’s an interesting story […]