Hi Everyone, Here’s the follow up Q&A from today’s class. Q: Do I have to become a managing or designated broker in order to supervise my assistant? Since there is no clear answer here, I will email DOL direct. When they respond, I will post the response back here on the blog. Q: Does DOL have […]
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To the Students from the May 27, 2010 Advanced Short Sale Class at John L Scott Puyallup
Hi Everyone, Here’s the follow up from today’s class. Here’s a link to the Home Affordable website describing the details of the Home Affordable Foreclosure Alternative program. Here’s a link to the IRS publication, “Mortgage Forgiveness and Debt Relief Act.” Here’s a good blog article on HAFA, which will help us understand why many homeowners […]
To the Students from the May 24, 2010 REO Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up Q&A from class today. Here’s a link to the mortgage delinquency stats charts we looked at during the first hour of class. Here’s the most recent “unofficial problem bank list” from CR. Here’s a story about Jim the Realtor, the agent who goes through a new REO with a […]
To the Students from the May 18, 2010 REO Class at Firstam Kirkland
Hi Everyone, Here’s the follow up from today’s class. Here’s the link to Neighborhood Watch so you can see which lenders have a high FHA default rate. Here’s a link to the myfico.com website. They have a great education side to their website where your homeowners can ask all kinds of different questions about how […]
To the Students from the May 6, 2010 Short Sale class at SKCAR Bellevue
Hi Everyone Here are the Q&As from class today: Here’s a direct link to the Home Affordable Foreclosure Alternative (HAFA) website and here’s their FAQ page. There’s nothing here that answers our question as to whether or not the property has to be owner occupied. It is likely a lender decision. Here’s a link to […]
To the Students from the March 9, 2010 REO Class at SKCAR Bellevu
Hi Students, Here’s the follow up from today’s class. It looks like the 90 day tenant eviction rule will sunset in 2012. Here’s a video of Jim the Realtor doing an initial walk through of an REO. Here’s the link to the Pacific NW Housing Summit website. Here’s the attorney referral page I mentioned in […]
Is it Time to Require a College Degree to Become a Licensed Real Estate Agent?
The real estate bubble is behind us and with default rates still rising, the rest of the meltdown is still ahead of us. Purchasing or selling a home in this market has possible grave consequences. Are real estate agents educated enough to assist today’s consumers? In this blog post, I will address the idea of […]
To the Students from the Feb 22, 2010 Advanced Short Sale Class at Preview P Northgate
Hi Everyone, Here’s the follow up from class. There was a request for recent delinquency stats. These numbers appear in four different posts: Option ARM Recast/Reset Update but what about prime loans? Here you go: We should also check on the re-default rate of loan mods and the HAMP program. Here’s the latest report from TransUnion […]
21 Questions to Ask Short Sale Negotiators Before Hiring Them
Interview questions before real estate agent, buyers, or seller decide to work with a “third party short sale negotiator” 1. How long have you been in the “short sale negotiation” business (working with a real estate or LO license without the specific focus on short sales does not count.) 2. How many short sales have you successfully negotiated/closed? […]
To the Students from the Dec 10, 2009 REO Class at SKCAR Bellevue
By Jillayne on December 22, 2009 in Real Estate Continuing Education Classes, REOs: Real Estate Owned, Uncategorized
Hi Everyone, Here’s your Q&A follow up from class. Here is a link to the Credit Suisse chart showing all the recasts of the Pay Option ARMs coming our way through 2012. Remember the good news here is that 46% of all Pay Option ARMs are currently in default. Here’s a link to my favorite […]