RISMEDIA, July 17, 2010—(MCT)—With final Senate passage of the broadest overhaul of financial regulation since the Great Depression, the hard work really starts. Regulators must fill in the blanks in the legislation, and a new agency to protect consumers must be erected from scratch. The landmark legislation will bring lots of changes. Here are some answers to common questions about the changes that will come about under the overhaul of…

Now is the time to build your short sale business more than ever.  Why?  Short Sales are NOT going anywhere for a long time to come. As agents, over 50% of your potential closings will likely include a short sale transaction.  As investors, a short sale offers more control of the discount process than an REO buy.  As investors and agents who have also optimized your business with added income…

The luxury neighborhoods are fastly becoming the ‘other side of the tracks’.   It’s fact, the fastest growing sector of distressed properties in the U.S. is the luxury market. CoreLogic and the New York Times recently reported together that more than one in seven homeowners with loans in excess of a million dollars are now seriously delinquent.

When you drive down the street of luxury neighborhoods, know that the same economic…

RISMEDIA, July 16, 2010—“Real estate has shifted.”

“Today’s buyer is more educated than ever before.”

These statements echo throughout the real estate sector as agents attempt to adapt their marketing strategies to an ever-evolving consumer.

It’s fitting then, that REBAC debuted a new course this spring, designed to help agents market themselves where consumers are already interacting: online and through social media.

Real Estate Marketing Reboot is a one-day…

I really got a dose of reality today when I was working on getting approval from the second lien holder on one of my short sales.  The particular property in question has a first and a second with Wells Fargo.  The first position provided short sale approval at a 50% reduction of the original loan balance.  The investor backing the loan however, would only allow 00 to the second lien…

RISMEDIA, July 15, 2010—If we turn the clock back 30 years ago, when we started down this path as real estate agents, it was all about “Call us if you want to sell your home or find a home.” Eventually, we moved from a selling and listing focus to a marketing and then social marketing focus. In the last 2-3 years in particular, however, our industry has experienced perhaps our…

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RISMEDIA, July 13, 2010—(MCT)—Packing your belongings and moving is often fraught with high emotions and involves a to-do list a mile long. So, it’s tempting to give only passing attention to hiring a mover and the related incidental costs. That could be a mistake—for your wallet and your peace of mind. Moving can be quite expensive. A typical full-service interstate move costs about ,300, while the same in-state move might…