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Art Lee's articles
A home is not only a financial asset to a seller, but also a place of memories, emotional connections, and sense of identity. The decision to sell one’s home involves more than just a simple financial analysis. The decision may begin with a financial motivation to sell, but will eventually include the involvement the emotional acceptance of letting go of one’s home and establishing one elsewhere.
Posted: 2010-07-14
Category: Real Estate
In my presentations, I often share with my audience the one key negotiation phrase that has led to getting approval letters over 90% of the time. The audience imagines a secret phrase that compels the bank representative to comply with our wishes or demands. They are surprised to learn that it is simply a phrase that is based on common sense and courtesy.
Posted: 2010-07-14
Category: Real Estate
Many real estate agents simply take the first short sale listing that comes their way, and if the transaction fails, will make a decision to not waste their time on future transactions. Others will take a few transactions, and when a low percentage of these close, they will realize the amount of time wasted, and also may decide to not work on any more short sale transactions.
Posted: 2010-07-14
Category: Real Estate
As children, we’ve been taught to say “thank you” to everyone who gives us something, provides a service to us, helps us achieve one of our goals. As we mature, we also notice that it is much easier to say thank you when there is no conflict, when the gift or favor is offered happily with no resistance, and when it involves minimal effort on our part.
Posted: 2010-06-20
Category: Real Estate
One of the major differences in a short sale is that we are faced with a deadline to sell the property. If the property does not sell by the deadline, the property will be foreclosed, and title will transfer back to the lender. It is critical that we understand the timeline of each and every short sale listing that we take.
Posted: 2010-06-20
Category: Real Estate
Are you looking to increase your short sale opportunities? If you are, you are doing the right thing as short sales are expected to be around until 2015.
Posted: 2010-06-20
Category: Real Estate
Many homeowner are frustrated on figuring out how to resolve their mortgage being underwater and many are just walking away but this is a mistake. A homeowner can ask for a short sale even if they are not late on their mortgage, but the reality is that a lender has no incentive to allow a short sale if payments are still being made on time.
Posted: 2010-06-01
Category: Real Estate
The application process for short sales may appear to lack rhyme or reason, and we may find ourselves in situations where we attempt to fight the process in the hopes of bypassing the bank’s inefficiencies in order to get a faster approval for the short sale transaction.
Posted: 2010-06-01
Category: Real Estate
Per an article published by Reuters on Dec 3rd, 2009, the U.S. Housing Crisis is FAR FROM OVER. Mark Zandi is the Chief Economist for Moody’s Economy.com. He states the home prices will continue to decline with the large number of foreclosures that will be filed in 2010 and increased buying will continue to occur.
Posted: 2010-05-18
Category: Real Estate
The Obama Administration has passed “The Worker, Homeownership, and Business Assistance Act of 2009″ to offer First Time Home Buyers a Tax Credit up to $8000. This tax credit was set to expire in November of this year, but has been extended into 2010.
Posted: 2010-05-18
Category: Real Estate
On October 15, 2009, www.realtytrac.com announced that foreclosure filings have hit a record high! Based on only 12% of trouble homeowners that could qualify to get help from Obama’s Home Modification Programs this year, 2010 will be a record year for Short Sale Opportunities. The top states that were hit the hardest with foreclosure filings are California, Florida, Nevada, Arizona, and Illinois.
Posted: 2010-04-26
Category: Real Estate
The United States Department of Labor reported in Oct 2009, that the unemployment rate had gone up to 10.2%, up from 9.8% the previous month. It was previously projected by analysts that unemployment would not reach over 10% until 2010.
Posted: 2010-04-26
Category: Real Estate
Negotiate with only one lien holder is the best short sale scenario, but what do you do when there are multiple liens with the same lender? It has been WHB Solutions experience that negotiating with the same lender can be an advantage depending on the lender.
Posted: 2010-04-24
Category: Real Estate
Prospective homebuyers have been on the fence when deciding to buy a foreclosed home now or to wait it out until the end of next year. Per a survery released by Trulia.com and Realty Trac, 55% of adults said they would consider buying a foreclosed home, which means the other 45% are not interested as the worries of the housing market continual decline going into 2010.
Posted: 2010-04-24
Category: Real Estate
Short Sales are frustrating. This is a fact. After helping hundreds of real estate agents analyze and close their short sale deals, WHB Solutions has always asked why, without our help, they would avoid short sales. Many of the answers that come back were consistent with what all real estate professionals have been experiencing with short sales. The main difference in why they decided to pursue short sales was because they discovered WHB Solutions.
Posted: 2010-04-05
Category: Real Estate
