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October 2010

September 2010

Proposed House Bill to Give Lenders 45 Days to Decide on Short Sale Approval

A new bipartisan bill introduced in the U.S. House, Prompt Decision for Qualification of Short Sale Act of 2010 (H.R. 6133), would be welcomed relief to distressed property owners, prospective purchasers as well as real estate professionals working in the short sale market.

The legislation would impose a deadline on lenders to respond to short sale requests, requiring them to return an answer to the borrower within 45 days. 

Read more at REO Insider.

Are you educated on all the latest developments and trends with Short Sales?

Do you want to learn more about Alternatives to Foreclosures, HAMP/HAFA, Nevada Foreclosure Mediation Program and how to implement an effective short sale system to generate more business?

Don't miss our next Certified Foreclosure Alternatives Designation Course

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Next class: WEDNESDAY, OCTOBER 20TH ~ 9am-4:00pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

Join the Wanderers Club for $67/mth membership fee to access all of the member benefits including monthly training webinars, group coaching sessions, online training courses, private Facebook and LinkedIn Groups.

The Social Network Movie Interactive Trailer

The Social Network Movie is due out on October 1, 2010.  The movie is based on the book The Accidental Billionaire and tells the story of the founding of Facebook, Mark Zuckerberg and all the other cast of characters.

The book is a great read and tells a compelling and fascinating story of the origin of Facebook.

Check out the new Interactive Movie Trailer.  Just click on the screen throughout the preview for interactive commentary and factoids.

 

 

Visit www.WBNLCoaching.com to learn more about our coaching program and online training membership options. Your FREE, basic membership includes a complete real estate business-planning course and downloads.


Short Sale Best Practices...Protecting Homeowner's Rights and Your License

Unethical and/or illegal real estate practices will definitely catch up to those who engage in such behaviors.

The Washington State Department of Licensing recently suspended the licenses of brokers engaging in unethical/illegal practices regarding short sales.

Read the full blog post - here is an excerpt:

Investigators found evidence of ongoing patterns and practices that financially harmed consumers. These practices included:

  • misrepresenting to sellers that the home would be purchased by the broker if it didn’t sell within 30 days
  • telling homeowners to stop making mortgage payments so they could do a short sale
  • listing homes at prices not authorized by the homeowner
  • listing homes at artificially reduced prices in order to generate low-ball offers
  • misrepresenting the contents of listing agreements by having homeowners sign blank addenda and later filling in unacceptable list price authorizations
  • failing to provide sellers with copies of executed listing agreements
  • telling homeowners to vacate their home before they were legally required to do so
  • communicating negligently with homeowners, potential buyers, and lenders

Get Educated on Short Sale Best Practices, Applicable Laws, and Negotiating and Processing Short Sales.

Become a Certified Foreclosure Alternatives Consultant

Next class: WEDNESDAY, OCTOBER 20TH ~ 9am-4:00pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

 

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