Looking for great short sale listing lead generation ideas? Thanks to Harris Real Estate University students Grant and Gia Freer for creating this video about the Bank of America Short Sale Incentive Program. Gia reported to me that they have secured 5-6 great listing leads in the first 48 hours after posting on YouTube. I have made it easy for you to replicate their success. Following the video are the key words etc that resulted in high organic search placement. EVERY HREU student needs to recreate this video asap! Urgent Short Sale Notice: Must attend Short Sale industry update. New fast [...] Click Here To View More
Bank of America Short Sale Assistance Program Pays Sellers Up To $30,000!
Short Sale Agent Update Limited Time OfferMay 15, 2012 Short Sale Relocation Assistance Program: Your clients could receive $2,500 to $30,000 in relocation assistance Your financially distressed clients want to avoid foreclosure. You want to help them. So do we!That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property. Don’t miss this limited-time offer to get your distressed clients [...] Click Here To View More
Should ‘Responsible Homeowners’ Get A Bailout?
Should ‘responsible homeowners’ be bailed out? Or maybe a better question is….what exactly is a ‘responsible homeowner?’ Watch this video and share your thoughts… Urgent Short Sale Notice: Must attend Short Sale industry update. New fast close, direct assignment short sales. Learn how to become a Lender Preferred Short Sale Agent. Grab your spot for the FREE Short Sale Industry Update Training Event. Warning: Limited space available for this industry wide event. Register now! Click Here To View More
The Return Of Home Value Appreciation | The Great Real Estate Recovery of 2012!
The return of actual..honest to God…home value appreciation. WOW do I ever love sharing this video with you… THE RETURN OF HOME PRICE APPRECIATION (that is not based in mere inflation) The hardest hit markets that suffered through the worst of the housing crash are making the quickest come back. Share this video with E V E R Y O N E! Urgent Short Sale Notice: Must attend Short Sale industry update. New fast close, direct assignment short sales. Learn how to become a Lender Preferred Short Sale Agent. Grab your spot for the FREE Short Sale Industry Update Training Event. Warning: Limited space available [...] Click Here To View More
Flood Insurance: Don’t Give Lenders One More Reason to Say ‘No’
NAR President Moe Veissi told a panel of U.S. senators yesterday that the last thing the housing market needs right now is another reason for lenders to decline your client’s mortgage loan application. “Tight lending standards remain a problem,” he told the members of the U.S. Senate Banking Committee subcommittee on economic policy, “and we [...] Click Here To View More
How To List HUD REOs | HUD Contacts
This is the HUD national homeownership center reference for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUD’s National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings. Notice for FHA Lenders: This message reminds and informs lenders on the source reference and data elements for 203(k) transactions in FHA Connection (FHAC) for insuring. To obtain correct loan to values at the time of insuring for Purchases: • Input the value from 203kWS line C3 [...] Click Here To View More
Bank of America Principal Forgiveness Program..How To Get $150k Knocked Off Your Loan.
As reported on RealEstateInsiderNews.com several months ago Bank of America has introduced the nations first (potentially significant) Principal Forgiveness Program. Underwater qualifying homeowners could see monthly savings of up to 35 percent on mortgage payments, with principal balances cut by an average of $150,000 according to New York Times reports. The program forms part of a $25 billion settlement agreement earlier this year with 49 state attorneys general and other federal authorities. Who qualifies? The bank said it planned to contact more than 200,000 homeowners who could be candidates for the offers, sending letters to a majority of them by [...] Click Here To View More
Atlanta Market Nears Bottom, Short Sales Agents Dominate
Harris Real Estate University has 100s of students in and around the Atlanta area…this video is a very accurate representation of what is happening now in Atlanta. Bottom line: Short Sales dominate the market and the upper end sellers are embracing short sales. Did you know that HREU offers short sale training specifically focused on upper end, luxury home owners? Read more about the HREU Lender Preferred Luxury Distressed Property Designation. Urgent Short Sale Notice: Must attend Short Sale industry update. New fast close, direct assignment short sales. Learn how to become a Lender Preferred Short Sale Agent. Grab your spot for [...] Click Here To View More
Bank of America Valuation Dispute Process Change
Process Refined for Valuation DisputesBank of America has refined the process for settling valuation disputes during a short sale. The value of a property is established by independent third-party vendors shortly after a short sale is initiated. Occasionally, however, a listing agent may wish to contest that value. When that occurs, there is now a revised process for reconsidering the value. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for [...] Click Here To View More
Fantastic Breaking News: Highest Q1 Pending Home Sale in 5 YEARS! (Video)
Fantastic Breaking News…Highest First Quarter Pending Home Sales in 5 YEARS! THIS is the exact news that the Big Banks have been waiting for….expect a significant INCREASE in REO listings and Short Sale approvals over the next 12 months. Bottom line, this IS the bottom of the 7 year housing crash (thank God!) Here is the full report from our friends at the National Association of Realtors: (CNBC Video follows) Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors(R). The Pending Home [...] Click Here To View More
Bank of America New Short Sale Professional Locator..Congratulations HREU Students!
Congratulations to the 1000s of Harris Real Estate University ASD (Accredited Short Sale Designation) students who have been selected to be included in Bank of America’s new ‘Short Sale Professional’ locator.. If you make the cut, this is the email you be receiving: Welcome to the Bank of America Short Sale Professional Locator You have been selected to be part of the new Bank of America short sale professional locator at bankofamerica.com/agentlocator. This public website helps homeowners connect with local real estate professionals who have previously transacted successful short sales with Bank of America using Equator. Homeowners visiting the website will [...] Click Here To View More
New Short Sale Guidelines Force Big Banks To Act Faster!
New Short Sale Guidelines Force Banks To Act Faster! Beginning June 15, Fannie Mae andFreddie Mac servicers will be required to make decisions on short sale offers within 30-60 days. You read that right…you short sales will be closing dramatically faster! Read the new guidelines here. Here are the new rules: * Require servicers to make a decision within 30 days of receiving either an offer on a property. * If more than 30 days is required ( to process BPOs, deal with PMI etc) the banks must provide the borrower with weekly status updates. Banks must then decide no later than 60 [...] Click Here To View More
Surprise 7% Drop In New Home Sales (Video)
The headline: 7% Drop In New Home Sales SIGNED contracts. (But, its not all bad news…read on) “The drop in sales last month was disappointing, but it’s probably payback from the usually mild weather” “In hindsight, the favorable weather and the improving job market should have translated to favorable numbers for February and the revisions now show that.” However, there are still many positive signs in the overall housing market: Another report showed home prices in 20 U.S. cities dropped at a slower pace in the year ended February, pointing to stabilization in the real-estate market. The S&P/Case-Shiller index of [...] Click Here To View More
Breaking News: Short Sales and REOs Now 47.7% Of ALL Sales!
I need to apologize to all Real Estate University Students…(and Real Estate Insider News readers)….when I said: ” 2012 Is the Year of the Short Sale “ What we should have said was…”2012-2015 Are The YEARS Of The Short Sale”. In other words, the time to be a short sale agent is NOW and will continue for at least 5 years! Read on: CNBC’s Diana Olick wrote a very interesting article on her blog today…here are the highlights with a few comments: Foreclosures and short sales (when the home is sold for less than the value of the mortgage) accounted [...] Click Here To View More
National Association of Realtors: Qualified Mortgage (QM) Could Be ‘Burden’
A narrow definition of the impending Ability to Repay regulation could harm consumers and the housing market recovery, according to the National Association of Realtors®. In a letter sent today to Richard Cordray, director of the Consumer FinancialProtection Bureau, NAR joined a broad coalition of lenders, investors, housing professionals, consumer advocates and civil rights groups to urge for a broadly defined Qualified Mortgage (QM) that covers a wide range of traditionally safe products and underwriting criteria. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets [...] Click Here To View More
New Short Sale Guidelines Speed Up Process | Short Sale Training
The National Association of Realtors(R) applauds the Federal Housing Finance Agency for issuing new guidance requiring servicers of Fannie Mae and Freddie Mac loans to speed responses to short sale requests. The guidelines would require servicers to acknowledge receipt of short sale purchase offers within three business days; respond to short sale requests within 30 days (with a possible 30-day extension); and make a final decision within 60 days of receiving purchase offers. “As the leading advocate for housing and homeownership, NAR knows that delays in approving short sale requests remain a significant challenge for Realtors(R) and consumers and often [...] Click Here To View More
Agent Alert: Freddie Mac Policy Change Resulted In Cancelled Short Sales.
Harris Real Estate University Students (and Future Students) Have you had a Freddie Mac Short Sale Cancelled? In case you missed it, Freddie Mac’s has a new policy on ‘rolling back’ some homes that are in foreclosure. There has been an unintended consequence of this policy change under the Freddie bulletin issued on March 13th (scheduled to take effect on June 1st). A rollback can take place (out of foreclosure) for any number of reasons, including lender mistake. The rollback “compensatory fee” of $1,000 is going to be charged where the lender foreclosed without using other means of resolving the situation. [...] Click Here To View More
Harris Real Estate University Superstar Interview | How To Make Money NOW From BPOs
Harris Real Estate University invites you to attend this week’s FREE Superstar Interview. - This weeks Superstar is HREU student, Kim Minehart. - Kim has built a predictable, duplicatable $100k+ per year real estate business based on BPOs. You read that correctly…Kim has followed the HREU BPO system and has been generating $10k+ per month consistently. I am sure you will agree, consistent cashflow is something every agent must achieve. - Listen NOW to this encore HREU Superstar Interview presentation: http://InstantTeleseminar.com/?eventid=19484292 KIM MINEHART, HREU Superstar Questions. * What are your spokes? Describe your business…. * What’s a BPO? * How much of your [...] Click Here To View More
Grant and Gia Freer | HARRIS REAL ESTATE UNIVERSITY Superstar Interview
HARRIS REAL ESTATE UNIVERSITY SUPERSTAR INTERVIEW Featuring: Grant and Gia Freer. Listen NOW to the FREE REPLAY of this week’s BPO and Short Sale Training Call: http://InstantTeleseminar.com/?eventid=27816735 Meet Gia Freer: Gia Freer of Palm Beach Premier Real Estate is a Florida real estate broker, luxury home specialist and Foreclosure Expert who specializes in the purchase and sale of luxury real estate throughout South Florida. Gia specializes in luxury homes, upscale condo developments, custom built homes and waterfront properties throughout South Florida. Gia’s strengths in real estate: Knowing the South Florida area like the back of her hand, Gia Freer knows [...] Click Here To View More
Titanium Solutions No Longer Charging Referral Fees To Agents.
Many top Harris Real Estate University students are also Titanium Solutions HRCs. Recently Titanium changed their policy on referrals fees… More money in your pocket for Short Sales – HRCs are no longer required to pay a referral fee on listings resulting from most Titanium assignments. Effective immediately: HRC’s will no longer have to pay a referral fee on closings resulting from most Titanium Solutions assignments. We are working with clients on “short sale listing” assignments that will require a referral fee, but for the majority of assignments, where the objective is to attempt a warm transfer or pick up [...] Click Here To View More
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