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March 2011

In case you missed this recent correspondence from Bank of America - here is an update on recent changes changes when initiating a transaction in Equator, beginning March 11. What Is Changing: New fields will be required when initiating short sales in Equator. Agents should be prepared to provide the following information regarding the loan and the homeowner's situation: Loan Number New: Borrower First Name Borrower Last Name New: Property Best Contact Telephone Reason for Default New: Do you have a signed purchase contract? New: What is the property's primary purpose? New: Who currently occupies the property? New: When was... Read more →

Earnest Money Disputes in Las Vegas Real Estate Transactions

Image via Wikipedia As a Broker-Manager with over 18 years experience, I would have to say that the one issue I deal with most often is earnest money disputes. The challenge with earnest money being released after a cancellation of escrow, is that the Escrow Company will not release the funds without mutual, written agreement by both parties. Many times after a cancellation of escrow, one or both parties are upset and disagree as to who should have the earnest money. The purchase agreement may contain language stating the earnest money to be refunded to the buyer in the event... Read more →

CFACâ„  Designation Course Las Vegas Short Sale Training Certified Foreclosure Alternatives Consultantâ„  Trainers: Jan O'Brien, Steven Kitnick, & Attorney Robert Noggle Saturday, March 26th, 2011 | 9:00 am to 4:00 pm includes Lunch iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148 Just West of the 215 Beltway at W. Russell Rd. in the Desert Canyon Business Park ~ Look for the Johnson, Jacobson, Wilcox Building behind the Bank of George. From 215 Beltway exit Russell Rd., take Jerry Tarkanian Way to W. Oquendo Rd. $109 (Reg. $229 ~ Save $120) Register ONLINE Now or call (702) 255-8722 CFAC... Read more →

Short Sale Commander 5.0 - Web-Based Short Sale Transaction Management

Short Sale Commander is 100% web-based transaction management and short sale processing software for agents and brokers that negotiate short sales. Data shows that real estate professionals utilizing Short Sale Commander as a short sale processing and negotiation tool have a closing ratio five times the estimated national average, which is 14 percent. Short Sale Commander is more than just a database system-it's a complete management solution with the essential ingredients to work smarter, minimize risk and cut costs in today's changing market. Features Include: 100% Web based MAC Compatible Detailed Task Manager Online Document Storage Short Sale Package Creator... Read more →