December 13, 2010
What a short-sale buyer needs to understand is that the bank does not own the home. Just as in a standard sale, you are making an offer to the current owner of the property who needs to sell the home for less than what he owes the bank, usually due to a personal financial hardship. A better term for a short-sale would be a short-pay or short-payoff because the bank is agreeing to be shorted the amount of money that they are owed.
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October 14, 2010
Self-Employed in Name Only For years now, real estate schools and brokers have been blowing smoke up the real estate agent’s rear. They tell you from the day you sign up for pre-licensing classes that one of the greatest things about being an agent is that you are your own boss. You’re self-employed! You’re free [...]
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