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Amber Gunn
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Short Sale Terms
What is a short sale? A short sale is the selling of a house for an amount that is lower than the balance left on the mortgage loan. It is a better alternative to foreclosure for both the lender and the borrower because the lender avoids the exorbitant fees that a foreclosure entails and the …
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eSignatures for Real Estate Explained
Things are going digital at a fast pace, and eSignatures in real estate are proof of that. Depending on your agent, she or he may have you sign some of your contracts and disclosures through a secure webpage online. If you’ve ever signed on a pad for a card purchase at a retail store or …
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I Promise To Write Only What I Am Passionate About, And For The Last 7 Years It Has Been Accountability
When I transitioned from accounting to real estate in 2004 as a business development rep for Fidelity National Title, I knew no one in the business. A law in TX called “P53” had passed with the Texas Dept of Insurance outlawing title companies to buy business from REALTORS via lavish trips, dinners, parties, marketing ploys, etc. …
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Accepting A Short Sale Counter Via Equator And Slipping In A Promissory Note Afterwards? What?
I’ve had this short sale listing for quite a while. The lender is Nationstar. It’s under 100k, and it’s clearly not going to make me or break me. But when I meet with my seller and commit to helping/saving them, I take that very seriously, no matter how much the house is worth. A foreclosure …
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How To Travel For Real Estate Cheaply
Those of us in real estate need to remember to maintain a healthy work/life balance. Work hard and play hard… Right? I love this new single by Kenny Chesney called “Live a Little”. I’ve always been thrifty, as you can’t take the accountant out of the girl, but being a single mom for 11+ years …
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Short Sale And Short Paper At The Same Time? What?
Is anyone double dipping on short sales and buying notes? If not, they should! So, how do you that? Listen closely. I’m a broker. I have a short sale listing. Clearly, they have missed payments if I’m advertising it’s a short sale, at least 99% of the time. It was a 500k home until about …
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10 Questions Every Dave Ramsey Fan Should Ask of Their Realtor
Dave Ramsey was right on target when he stated that “not all real estate agents are the same”. It should definitely be a hiring process to choose the right person (fit) for “what is probably the single largest financial investment you will ever make.” I was asked these same questions as a TX broker almost …
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Buying The Note (Defaulted Mortgage) From A Well Known Banking Institution
What are the Steps involved when I purchase a non-performing note from a big bank? Whenever a got wind of a non-performing note or a bulk REO list made it across my desk with a property that was worth pursuing – I immediately found a way to communicate with the Asset Manager. We inquired about what protocol …
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Time Blocking and How It Changes Your Life
Here is a sample of my daily schedule. I don’t always stick to it, but I have a guide. It’s been quite beneficial in keeping me focused, and I usually end up finishing my work early to have more play time. Turning my phone and email off outside of specified times have changed my life! …
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The Best Time To Target Property Owners For Short Sale And Non-Performing Note Leads
We had an investor inquire about when was the best time to approach homeowners facing financial difficulties to see about working with them to help solve their “hiccup” by listing their home for short sale. Stage 1 Delinquency on Mortgage: This is where the homeowner starts to be late on their mortgage payments. You can …
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