bank of america short sale | Real Estate Insider News – Real Estate Coaching and Training

The legendary property, once owned by publishing magnate William Randolph Hearst and actress Marion Davies, has returned to the market, this time as a rental. Click Here To View More

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It’s fitting that designer Kate Spade’s summer home once functioned as the boarding home for an art school. Click Here To View More

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Tim and Julie Harris Daily Motivational Message. Listen in as Tim and Julie Harris share ways for top agents around the world to stay motivated everyday. Share today’s Motivational and Educational Message with everyone you know! MP3 File 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

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Want to be a rental property owner? I have some good and bad news for you. The bad news is that contrary to all the TV […] Click Here To View More

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Bank of America today announced a three-year commitment to make available up to 1,000 properties to nonprofit organizations and local government programs that provide homes for injured military veterans and first responders. “This is an important expansion of our property donation and community revitalization initiatives and improves the inventory of homes these organizations focused on assisting our veterans and first responders need,” said D. Steve Boland, national mortgage outreach executive for Bank of America. “We understand our responsibility to help neighborhoods impacted by foreclosure and property abandonment to recover.” The bank’s announcement was underscored this week when two retired servicemembers […] Click Here To View More

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Fannie Mae Announces New Short Sale Guidelines New Guidelines Streamline Short Sale Processes to Prevent Foreclosures and Help Communities Stabilize Andrew Wilson 202-752-5168 WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced that it will implement new short sale guidelines for servicers to follow as part of the Federal Housing Finance Agency’s Servicing Alignment Initiative.  The new guidelines streamline documentation requirements, waive deficiencies for borrowers that successfully complete a short sale and set standard payments for subordinate lien holders.  In addition, all servicers will have the authority to approve and complete short sales that conform to the requirements without receiving individual approval […] Click Here To View More

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In just a few days, 269 women and 261 men from nearly as many cities and towns are heading to London to represent the red, white and blue. Click Here To View More

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In our never ending quest to have the smartest Realtor coaching students.. …..this week’s Superstar interview will be a real brain stretcher for many of us. Why? Well, Jeff Nielson isn’t a Realtor…isn’t even in the real estate business. (matter of fact, he isn’t even American!) So why did we select Jeff to be a HREU Superstar? Simple, this guy is wicked smart and he is going to share with you what may be coming next not just for housing but, the entire economy. In all fairness, some of what he is going to say will seem a little scary..for […] Click Here To View More

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WASHINGTON, DC, Jul 19, 2012  Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors(R). Total existing-home sales(1), which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 5.4 percent to a seasonally adjusted annual rate of 4.37 million in June from an upwardly revised 4.62 million in May, but are 4.5 percent higher than the 4.18 million-unit level in June 2011. Lawrence Yun, NAR chief economist, said the bigger story is lower inventory and the recovery in home prices. […] Click Here To View More

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Why was your short sale rejected? Chances are its because you didn’t do something correctly when using Equator. How do I know this? Bank of America (via Equator) tracks the number of short sales submitted vs the number that close. Get ready for this shocking statistic….70% of all short sales submitted to Equator never close due to agent error. Bank of America provided this quick reference guide to help you avoid the most common errors agents make when using Equator: It’s All in the Details: Common Document Errors Bank of America requires specific documents to initiate a short sale with […] Click Here To View More

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It may not be a return to the McMansion-sized homes of the 1980s and early ’90s, but the latest survey from American Institute of Architects (AIA) shows a reversal in the six-year trend of smaller home sizes. Click Here To View More

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Urgent HARRIS REAL ESTATE UNIVERSITY ASD (Accredited Short Sale Designation) Notice: Bank of America has changed their Relocation Assistance Program… Short Sale Relocation Assistance Program: Your clients could receive $5,000 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 offer enhanced relocation assistance. Qualified homeowners who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the […] Click Here To View More

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Agents, watch this video and ask yourself this very simple question. How can 16,000,000 owners (according to Zillow) be underwater and there not be more REOs for sale..and what will happen to your real estate business when these REOs hit the market? Watch this video and ask yourself what YOU are doing now to prepare for this very obvious and inevitable shift in the market. Urgent Agent Alert: What do the top 5567 REO listing agents know that you don’t? Learn how to cash in on the REO and BPO explosion that is happening NOW. Watch the FREE Agent REO/ BPO […] Click Here To View More

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As prospective homebuyers look for deals, they’re becoming increasingly interested in foreclosed homes.  In fact, 20 percent of all sales in April were foreclosure re-sales. Interested […] Click Here To View More

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Home Affordable Foreclosure Alternatives (HAFA) Short Sale Update HAFA Supplemental Directive 12-02, effective June 1, 2012, impacts short sales with loans from non-government-sponsored enterprises in which the homeowner is eligible for the HAFA program. Urgent Summer 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! Key enhancements include: Time frame extended: The program has been extended to Dec. 31, 2013. The HAFA short sale or deed in lieu of […] Click Here To View More

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Join the 100s of Florida Tim and Julie Harris students at the Bank of America Short Sale Forum Here are the details: Exclusively for our Equator Real Estate Agent Partners The Bank of America short sale experts are coming to a neighborhood near you! Mark your calendar for a free short sale educational session. Be the first to hear about Bank of America’s short sale program updates. Learn what’s changing in Equator and how to prepare for it. Get valuable tips for keeping your short sale moving along smoothly, seating is limited, so register to attend today! Date: Wednesday, June 13, […] Click Here To View More

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HARRIS REAL ESTATE UNIVERSITY broke the news about this new Bank of America short sale program last year… HREU ASD (Accredited Short Sale Designation) agents have been preparing for the expansion of the previous Florida exclusive ‘Enhanced Relocation Assistance Program”. This is program puts big bucks..up to $30,000… directly into the pockets of short selling (soon to be previous) homeowners. HREU students (and future students) if this doesn’t motivate you to actively pursue Short Sales…nothing will. 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 […] Click Here To View More

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Follow up on the report from Realty Trac. Bottom line, if you aren’t listing and selling short sales you may be missing the single best opportunity now in the real estate industry. A few facts for you: The number of U.S. homes purchased via short sale hit a three year-high in the first quarter of 2012, up 25 percent from a year earlier. Short sales made up 12 percent of all residential sales during the quarter, commanding an average price of $175,461, a record low. The number of bank-owned homes sold slipped 15 percent from the year-earlier period to 123,778 […] Click Here To View More

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As Tim and Julie Harris first reported late last year Bank of America is expanding a program that began in Florida, Bank of America plans to entice more distressed homeowners across the county to sell houses in short sales by offering up to $30,000 in relocation money. “Bank of America is committed to providing alternatives to foreclosure whenever possible,” Bob Hora, home transition services executive for Bank of America, said in the press release. “This program can help customers make a planned transition from ownership when home retention options have been exhausted or they have made a decision not to keep […] Click Here To View More

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Congratulations to the 1000s of Tim and Julie Harris 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

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