CHOOSING YOUR PROFESSIONAL TEAM MEMBERS – PART 3

A Real Estate Agent – You will want to find an agent who is experienced in distressed real estate and also in its valuation. Valuation is important because if you decide to try a loan modification or short sale, the bank will be asking for an assessment of your property’s value, and this valuation needs to be accurate. Not only will the bank use it in its calculations, but it’s[..]

CHOOSING YOUR PROFESSIONAL TEAM MEMBERS – PART 2

Your team should include a Certified Public Accountant (CPA). These professionals are best equipped to give you advice on tax implications of your decisions and make suggestions as to structuring your financial affairs. CPA (Certified Public Accountant) – This is particularly important if you have family assets or a small business. When a loan is modified, a short sale is closed,[..]

CHOOSING YOUR PROFESSIONAL TEAM MEMBERS – PART 1

When choosing the professionals for your team, you will most likely have a limited amount of time to ask initial questions and determine if the professional you are interviewing is a good match for you. This is why it’s important to use your time wisely. Take a yellow pad with you and have your questions already written out. Bring your note (loan) with you, with items of concern[..]

PUT YOUR TEAM TOGETHER

The bank has a team, a large team, to support and inform its decisions. This team consists of economists, lawyers, CPAs, MBAs, clerks and various other support personnel. When deciding the best course of action for the bank, the bank executive consults with these team members first. Frequently, homeowners who become delinquent on their loans receive a letter or letters from the[..]

MAKE YOUR OWN DECISIONS

It’s a new year and lots of changes are coming from the Government. 2014 will be a volatile and interesting year. The federal government has now inserted itself into most of our personal lives. Somehow we have allowed the whims of the President, Congress, bureaucrats, wall street and large lenders to dictate our personal decisions. Problem is this group of “leaders” can’t[..]

Real People Harmed…AGAIN… by “Well Intentioned” Government Policy

I admit, right now I am fit to be tied. I have a short sale I have been working with since August 2012. To say that the seller and I are frustrated would be an understatement. We have done everything the bank and the Government asked…several times over. The problem seems to be that government policy working in tandem with bank PR is yet again getting in the way of real people,[..]

ITEMS AGENTS STRUGGLE WITH IN THEIR BUSINESS – Part 5

MENTALLY OVERWHELMED AND DISORGANIZED It is very easy as an agent to be very busy doing things that have nothing to do with finding a client and selling real estate. It’s even easier to spend money and create financial stress. You own and run your own business. That means you are the boss of you. You have to come up with the daily tasks you need to complete in order for your business[..]

ITEMS AGENTS STRUGGLE WITH IN THEIR BUSINESS – Part 4

AGENTS WHO DON’T HAVE THE SKILL SET FOR THE MARKET Markets change, which is the hallmark of a capitalist system. Part of your job is to identify changing market conditions before it is obvious. By the time the media, government and politicians start talking about a market change, it’s already changed. So practice identifying trend changes. The other skills have to do with[..]
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