It seems most every one now a days is looking for ways to make and save money and when it comes to real estate, a lot of "stinky titles" are being created in the name of cutting the cost of buying/selling real property.
I hear: " It's a cheap property, only $15,000 and I don't want to pay any closing costs"
I say: "Do you have $15,000 to throw away?"
They say: "Of course not. Why?"
I say: "Because the title to this property may be encumbered more than $15,000 and if you accept a quit claim deed for acquiring this title, you will get the property PLUS all of the liens, taxes and encumbrances and do you know if it has an insurable marketable title history?"
They say" Oh my gosh!"
Most of the time, they decide to do it the "right "way with a title exam, escrow closing ET all and have peace of mind with the purchase...... and........
Sometimes, THEY DON"T! < good luck with that!
Wednesday, August 25, 2010
Friday, August 20, 2010
"Law of Attraction and Selling Real Estate"
When real estate exhaustion sets in and you are mentally exhausted, it's time to rethink your thinking!
If you say "it sucks" ....it sucks!
If you believe it won't sell, it probably won't sell!
So what do you really want? A BUYER!
What is your attitude and what do you say to people asking about your property?
You set the tone. If you give off "bad depressed vibes". they feel those "bad depressed vibes" = DEAL KILLER!
Rethink your thinking. Understand "Law of Attraction" It's not hocus pocus voodoo. It's plain commen sense.
Rid yourself of "stinkin' thinin'" The results will AMAZE you!
If you say "it sucks" ....it sucks!
If you believe it won't sell, it probably won't sell!
So what do you really want? A BUYER!
What is your attitude and what do you say to people asking about your property?
You set the tone. If you give off "bad depressed vibes". they feel those "bad depressed vibes" = DEAL KILLER!
Rethink your thinking. Understand "Law of Attraction" It's not hocus pocus voodoo. It's plain commen sense.
Rid yourself of "stinkin' thinin'" The results will AMAZE you!
Monday, August 16, 2010
Moving On With Real Estate Thought
Every day you choose whether you will stand in today and stare at yesterday, or stand in today and prepare for tomorrw... R. Flint.
Avoid real estate exhaustion by preparing for tomorrow, today!
Avoid real estate exhaustion by preparing for tomorrow, today!
Thursday, August 12, 2010
Sharing Email From An Old Friend Who Remembers
To Rachel:
An Obituary printed in the London Times –
Today we mourn the passing of a beloved old friend, COMMON SENSE, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape.
He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair; and
- Maybe it was my fault..
COMMON SENSE lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge). His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
COMMON SENSE lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
COMMON SENSE lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
COMMON SENSE took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
COMMON SENSE finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
COMMON SENSE was preceded in death, by his parents, Truth and Trust, by his wife, Discretion, by his daughter, Responsibility, and by his son, Reason.
He is survived by his 4 stepbrothers:
I Know My Rights
I Want It Now
Someone Else Is To Blame
I'm A Victim
Not many attended his funeral because so few realized he was gone..
If you still remember him - share this. If not, join the majority and do nothing.
Deb
An Obituary printed in the London Times –
Today we mourn the passing of a beloved old friend, COMMON SENSE, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape.
He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair; and
- Maybe it was my fault..
COMMON SENSE lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge). His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
COMMON SENSE lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
COMMON SENSE lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
COMMON SENSE took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
COMMON SENSE finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
COMMON SENSE was preceded in death, by his parents, Truth and Trust, by his wife, Discretion, by his daughter, Responsibility, and by his son, Reason.
He is survived by his 4 stepbrothers:
I Know My Rights
I Want It Now
Someone Else Is To Blame
I'm A Victim
Not many attended his funeral because so few realized he was gone..
If you still remember him - share this. If not, join the majority and do nothing.
Deb
FRAUD:Everything Old is NEW again!
EVERYTHING OLD IS NEW AGAIN!!
MORTGAGE FRAUD HEADLINES IN THE NEWS!
From a past posting ALMOST a year ago –September 2009....
Last Thursday morning, as I settled in to my cup of coffee and turned on the TV, I listened to the comments on Senator Ted Kennedy’s passing, the first day of school chatter and then WHAM! MORTGAGE FRAUD INDICTMENTS IN CLEVELAND!
I woke up very quickly and it had my full attention. This kind of news always gets my attention and it is too few and too far between.
I was familiar with some of the names mentioned. I think were are 35 people
indicted in this wave.
My title officer and I just shake our heads.
We have known for years this was happening. Our customers would want us to do the title work. We would look at the paper work and tell them what they were getting themselves into was a scam and we would have no part of it.
Within a week or two we would see on the records that another title company had “closed” it. We contacted local authorities to tell then what was happening.
It fell on deaf ears!
I think independent title agents are the “watch dogs “of the real estate industry. Most of this fraud would not have happened if the mortgage brokers did not own the title agency that looked the other way and closed them. This ownership is not illegal. Law permits them to be in the title business. It’s like hiring the fox to guard the chicken coop!
Consumers have the power to choose the title agency to handle their transaction. The role of the title agency is to insure the title and conduct the settlement as a “disinterested 3rd. party”.
We are respected for our ethics.
Our buyers and sellers close with "peace of mind"
I can’t imagine why consumers would want it any other way!
MORTGAGE FRAUD HEADLINES IN THE NEWS!
From a past posting ALMOST a year ago –September 2009....
Last Thursday morning, as I settled in to my cup of coffee and turned on the TV, I listened to the comments on Senator Ted Kennedy’s passing, the first day of school chatter and then WHAM! MORTGAGE FRAUD INDICTMENTS IN CLEVELAND!
I woke up very quickly and it had my full attention. This kind of news always gets my attention and it is too few and too far between.
I was familiar with some of the names mentioned. I think were are 35 people
indicted in this wave.
My title officer and I just shake our heads.
We have known for years this was happening. Our customers would want us to do the title work. We would look at the paper work and tell them what they were getting themselves into was a scam and we would have no part of it.
Within a week or two we would see on the records that another title company had “closed” it. We contacted local authorities to tell then what was happening.
It fell on deaf ears!
I think independent title agents are the “watch dogs “of the real estate industry. Most of this fraud would not have happened if the mortgage brokers did not own the title agency that looked the other way and closed them. This ownership is not illegal. Law permits them to be in the title business. It’s like hiring the fox to guard the chicken coop!
Consumers have the power to choose the title agency to handle their transaction. The role of the title agency is to insure the title and conduct the settlement as a “disinterested 3rd. party”.
We are respected for our ethics.
Our buyers and sellers close with "peace of mind"
I can’t imagine why consumers would want it any other way!
Friday, July 30, 2010
Listening is a Habit at GATEWAY TITLE
We are a "niche" title company that concentrates on working with "for sale by owner" buyers and sellers. It's our "niche" that has taught us patience, and caring in talking to consumers about their problems as they reach out for help from someone.We have become that "someone" buyers and sellers call to help solve problems.
Real Estate has really changed in the past three years. Appraisals coming in habitually low; buyers difficulty in getting loan approval; more sellers succeeding by owner selling to family members, neighbors, and friends of friends - (that's NOT a bad thing); Good Faith Estimates from lenders have importance; real estate agents spending less and less on paper advertising, more and more on free Internet advertising. Messed up titles more common; hard on sellers who have more problems than they knew.
More inquiries are now from buyers and sellers involved in short-sales looking for help!
A whole different real estate world out there!
This is just the way it is. We adjust and go on. Now, this is business as usual, the questions may be different than they were a few years ago but people don't change - They just want to know they matter and we will take time for them..... and we do!
Need help?
We can be reached at http://www.gatewaytitle.com/ / 440 546 9660
Real Estate has really changed in the past three years. Appraisals coming in habitually low; buyers difficulty in getting loan approval; more sellers succeeding by owner selling to family members, neighbors, and friends of friends - (that's NOT a bad thing); Good Faith Estimates from lenders have importance; real estate agents spending less and less on paper advertising, more and more on free Internet advertising. Messed up titles more common; hard on sellers who have more problems than they knew.
More inquiries are now from buyers and sellers involved in short-sales looking for help!
A whole different real estate world out there!
This is just the way it is. We adjust and go on. Now, this is business as usual, the questions may be different than they were a few years ago but people don't change - They just want to know they matter and we will take time for them..... and we do!
Need help?
We can be reached at http://www.gatewaytitle.com/ / 440 546 9660
Wednesday, July 28, 2010
Who has the "Right " to choose? YOU, the consumer, does!
INDEPENDENT TITLE AGENT SPEAKS OUT: HOW CAN A JOINT BUSINESS VENTURE TITLE AGENCY CONDUCT THEMSELVES AS A DISINTERESTED THIRD PARTY?
Hey you lender and real estate agent - Get out of my world!
Let the consumer exercise their right to choose.
"Rodney Dangerfield of Real Estate Industry"
WARNING: I GET SOMEWHAT PASSIONATE ABOUT THIS!
Remember the "no respect" guy, Rodney Dangerfield?
I've said for years that this is a fitting definition of the title industry.
We are the watch dogs of the American dream. We search, correct and insure the title to your real estate property. Most often, we are the escrow or closing agent who puts it all together following the written instructions on the contract and from the lender. We prepare the papers necessary and meet with you for signing. When all conditions are met, we literally transfer title from seller to buyer and record all mortgage documents. On your behalf, we make the required pay-offs,taxes and any other invoices submitted for items to be paid out of escrow.
The buyer gets the property and the seller gets the money, and we insure the Title! Usually everyone is happy.
We have an awesome responsibility and love what we do except we feel a little sad because very few consumers out there understand and respect how vital our role is in their transaction.
Did you know the consumer has the right to choose the title company they want, to fulfill that role?
Not the Lender. Not the real estate agent. YOU! You have the right to choose your own "disinterested third party" closing agent. Buyers and sellers agree on who will do title and escrow and that's who does it.
Period!
In the consumer's best interest, I wish agents, brokers and lenders would get out of the title business and stick to what they do best!
In many cases, the affiliate co-owned title agency has higher fees than an independent title agent because they are sharing the profit with the real estate broker or lender.
How is that better for the buyers and sellers?
Consumers, a little RESPECT Please, for your own title agent and the protection they provide for your American Dream!
Consumers do have a choice - educate!
Rachel's blog - www.realestateactuality.blogspot.com
Hey you lender and real estate agent - Get out of my world!
Let the consumer exercise their right to choose.
"Rodney Dangerfield of Real Estate Industry"
WARNING: I GET SOMEWHAT PASSIONATE ABOUT THIS!
Remember the "no respect" guy, Rodney Dangerfield?
I've said for years that this is a fitting definition of the title industry.
We are the watch dogs of the American dream. We search, correct and insure the title to your real estate property. Most often, we are the escrow or closing agent who puts it all together following the written instructions on the contract and from the lender. We prepare the papers necessary and meet with you for signing. When all conditions are met, we literally transfer title from seller to buyer and record all mortgage documents. On your behalf, we make the required pay-offs,taxes and any other invoices submitted for items to be paid out of escrow.
The buyer gets the property and the seller gets the money, and we insure the Title! Usually everyone is happy.
We have an awesome responsibility and love what we do except we feel a little sad because very few consumers out there understand and respect how vital our role is in their transaction.
Did you know the consumer has the right to choose the title company they want, to fulfill that role?
Not the Lender. Not the real estate agent. YOU! You have the right to choose your own "disinterested third party" closing agent. Buyers and sellers agree on who will do title and escrow and that's who does it.
Period!
In the consumer's best interest, I wish agents, brokers and lenders would get out of the title business and stick to what they do best!
In many cases, the affiliate co-owned title agency has higher fees than an independent title agent because they are sharing the profit with the real estate broker or lender.
How is that better for the buyers and sellers?
Consumers, a little RESPECT Please, for your own title agent and the protection they provide for your American Dream!
Consumers do have a choice - educate!
Rachel's blog - www.realestateactuality.blogspot.com
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