Sunday, September 9, 2012

Smart Short Sale Team Has the Paddles!


Over the last year, I have been building a team of associates to help me provide the best solutions for my clients who have found themselves up a creek without a paddle during this housing crisis.  Just like each oarsman of a crew team steers the boat to victory through the elements, so does my team.
 
So, let me introduce you to my crew "Smart Short Sale Team" and a little history on the sport of Rowing!!! 
 
 
 
Rob Sales
Chief Operating Officer and Real Estate Agent
Rowing Positions: The Stern Pair, The Bow Pair, Coxwain, & Steersman

Well, I actually operate as many positions currently but together with my team working with our clients daily to help them find their way to their finish line out of of this mess of the Housing Crisis remains my PRIORITY!
 

Jane Sales

Chief Executive Officer
Rowing Position:  The Coxwain
The purpose of a coxswain is steering the boat, providing encouragement to the rest of the crew, communication to the crew of how close they are to the finish line, and any other race tactic calls. 

Not only is Jane my devoted wife, she is CEO and my backbone offering moral support!
 

 
Julie Brawn
Financial Institution Communication Director 


Rowing Position: The Middle Crew (The Fuel Tank, The Engine Room, The Power House, The Meat Wagon)

The middle crew has numerous nicknames for themselves as shown in the title. In an eight-person boat, the middle crew is made of numbered individuals three, four, five, and six. In a four-person boat, the middle rowers are numbers two and three. Because the boat moves less in the middle, the middle crew is often the most powerful and heaviest of rowers. They are referred to as the ‘fuel tank,’ the ‘engine room,’ or other nicknames because their focus is simply pulling on oars as hard as they can. It is not necessary for these middle crewmates to be exceptionally reactive or technically sound (like the strokesman). The middle crew is known for their brawn, and it is common for the most technical rowers to be placed at the bow and stern with the strongest rowers in the middle.

 
Her name says it all!  Julie is our latest addition to the Short Sale Team. Julie comes to us with tons of legal experience and will be responsible for the distribution and the communication, with our banking partners. She will feed all the data and information to the various banks, mortgage companies, etc., that we collect from the distressed property owners. Additionally, Julie will have her own short sale listing portfolio that she will process through the Smart Short Sale Team.
 


Charles Kelly
Data Collection & Information Management Director
Rowing Position: The Middle Crew (The Fuel Tank, The Engine Room, The Power House, The Meat Wagon)
 
Recently Charlie agreed to come on board help with the scanning and organizing the files, creating binders for individual files, indexing and sorting out the data and creating binders for each of the properties. Additionally,he maintains our entire filing system for the endless paperwork we submit to the Governement, banks, and legal counselors involved with the maticulous processes of short sales.

 
Chantal Sales
Marketing, Advertising & Public Relations Director
Rowing Position: The Bow Pair

The rower closest to the bow of the boat is called the ‘bow’ or the ‘bowman.’ It is the bowman’s responsibility for the stability of the entire boat. They are expected to be quick and agile, responsible for not only the stability of the boat, but the direction of the boat as well. As expected, the bowman is expected to be quite technically skilled. Furthermore, boats that are bow coxed are dependent on effective communication between the bowman and the cox. The cox cannot see boats coming from behind them, and good communication is essential. 


Approximately a year ago, Chantal started assisting me with my marketing plan.    With the ever changing social networking world, she set up my blogs and network profiles.  She continues to manage the websites, blogs, and designs my print & digital marketing media for each listing and keeps me alive in the Cyber World.  Although she not truly the closest physcially to our team like the Bow Pair is in the boat, she is our social connection to the rest of the world.
 
 
 
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Wednesday, June 13, 2012

Time is Running Out: How the Mortgage Debt Relief Act can save you!




In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.


The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.


However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is limited for you to take advantage of this program.
 
Time is running out. But there is still a chance to change your financial direction and avoid foreclosure.

Contact me for more information so I can help you make a dignified solution before time runs out.

Rob Sales
Prudential Southeast Coastal Properties
Associate Broker, CDPE Advance,
DPP, REO Specialist, CIAS
912-655-7674

Friday, April 27, 2012

Smart Short Sales Partner Testimonials

Over the course of this year, I have compiled a handful of testimonials from clients, attorneys AND agents that I have worked successfully with their distressed property in the Savannah area. 

Client Testimonials




Attorney Testimonials




Agent Testimonials

Thursday, April 5, 2012

Recovery or Blimp in Housing Crisis?

As you can see it appears from the following graphs that things are starting to get better.  The big  question remains!!  Is this the start of the recovery or is just a blimp?  The issue is that the inventory of all price points appears to be diminishing in Coastal Georgia.  Additionally, there remains the “Phantom Inventory” that everyone continues to talk about.  Hopefully, we are at the bottom.  However, I believe we will remain at the current level until late fall of 2012.  Review all of the following graphs and make your own conclusion.  Let the numbers speak for themselves.














Thursday, March 29, 2012

Fannie Mae Rolls Out Online-only REO Offers

The secondary mortgage market company, Fannie Mae, launched an all-online system for submitting offers on its inventory of foreclosed homes in February 2012.  I personally use this system for my REO investors and 1st time home buyers.
Here’s how Fannie describes it on its HomePath website:
“Making an offer to purchase a HomePath property is now quick, easy and entirely online! Beginning February 2, all offers on HomePath properties must be made using the HomePath Online Offer system. If you’re ready to make an offer, just have your real estate professional click the “Make an Offer” button on the property information and follow the instructions.”
Only licensed agents can make offers, so any consumers shopping for a home on Fannie’s HomePath site have to contact an agent first.  Fannie Mae requires agents submit applications and go through its proprietary selection process in order to become an approved Fannie Mae listing agent.
Every market is different, but generally the company works with a handful of brokers or agents that it has selected to list its REO properties.
Fannie gives owner-occupant buyers a 15-day window after a property comes on the market to make an offer without competition from investors. Offers made by investors during that “first-look” period are rejected from the system with instructions to resubmit after the 15-day period ends, if the property isn’t under contract by that time. The offers are not kept in the system and queued up.
Buyers can use any financing they want, including Fannie Mae financing through its two HomePath mortgage programs, one for purchases and one for purchases with renovation. If the buyer is using HomePath financing, Fannie only requires a down payment of 3 percent, waives the appraisal and also doesn’t require mortgage insurance. Investors can get up to 90 percent financing.
On February 7, 2012, in Breaking NewsMortgage FinancingSelling, by Robert Freedman


Monday, March 19, 2012

New Prudential Real Estate Poll: Americans Increasingly Optimistic about Homeownership

Prudential Real Estate released a new national survey at Sales Convention showing that Americans are significantly more optimistic about homeownership than they were a year ago.

According to the second-annual Prudential Real Estate Outlook Survey, a full 60% of Americans have favorable views toward the real estate market.  That’s up 8 points since last year!
The survey shows that signs of increasing optimism are widespread:

·         With interest rates at historically low levels, 96% agree or somewhat agree that now is a good time to buy.

·         A full 70% of respondents have some degree of confidence that property values will improve over the next two years; with an 8 point increase in those very confident or confident compared to last year.

·         63% believe that real estate is a good investment despite the recent market volatility; that’s up 11 points from last year.

The survey confirms that despite the recession, homeownership remains a central part of the American Dream.  8 in 10 respondents said homeownership is very important to them; only 15% said the economic downturn made homeownership less important.

Monday, March 5, 2012

Explanations for Housing Crisis Situations

Here you can find easy to understand explanations for real estate terminology that deals with our nation's housing crisis. Each video is only several minutes long. As a CDPE Advanced, I am here to help you find a dignified solution.

What is HAFA?




What is a short sale?


What is happens in a foreclosure?


What is a Mortgage Modification?



What is Deficiency Judgement?


Redemption Period Explained

Negative Equity Explained



Arm's Length Explained