Archive | July, 2010

New Lead-Safe Practices to Increase Home-Remodeling Costs

RISMEDIA, July 31, 2010—(MCT)—Local contractors say a controversial new federal safety rule will increase home-remodeling costs in Manatee County, Florida, but by how much is a matter of debate. Beginning October 1, 2010, contractors will be required to take additional precautions when renovating structures where children could be exposed to lead dust from old paint. The new “lead-safe” practices apply to work on homes, day-care centers and schools built before 1978, when lead paint was banned for residential use because …

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End Buyer’s Lenders Are NOW Stopping Short Sale Transactions

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into what many of today’s buyers’ lenders are requiring on your short sale acceptance letters, in order to finance a short sale purchase transaction. Listen in to see what McCue Mortgage is requiring from Bank of America and CitiMortgage. We also cover what line to put a 2nd lien holders payment on a HUD-1 settlement statement to satisfy a 1st mortgage, why you can’t change a Bank of …

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Tips to Differentiate Yourself through Value-Added Selling

RISMEDIA, July 28, 2010—One of the most difficult challenges in selling is to compete against a competitor who is willing to cut cost. Businesses are free to compete on price, service or quality, and consumers are free to make buying decisions on these criteria. But competing on price will only cost you profit. Why do some companies offer discounts? Well first of all, it’s a way to buy market share, kind of like a loss leader in retail. They treat …

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Buyer’s Inspection Reports Are Crushing 203 Thousand Loans!

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into how our end buyer’s lenders are cracking down on the inspection reports when they are trying to qualify for a 203,000 loans. Changes are happening everyday when it comes to trying to stabilize this economy, some good and some bad. Listen in as we tell you what to look for when getting our end buyer’s qualified for a 203K loan and much more. We also cover how …

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The Government Goes Media on Foreclosure Alternatives

Get ready for an onslaught of public service announcements campaigning the “highly successful”  Making Home Affordable Program.  The Advertising Council in partnership with HUD and the U.S. Treasury have decided to join forces to raise public awareness and push the benefits of the government’s foreclosure prevention programs.   Over 33,000 media outlets across the country are tagged to push the program.

The HAMP program has not been a raging success.   In fact, nearly 521,000 trial modifications have been cancelled and over …

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