
Just announced...the VERY unofficial results of the Twitpoll: Thanks to @PRsarahevans for taking the time to research and put this together! You will see some very familiar names in here and then some interesting new ones to follow. These 50 fine Tweeters are the result of a very unofficial poll conducted recently on Twitter.
Congrats to @realestatechick and @laniar!!!!!!
1. popgloss (Up and Coming Tweeples)
2. skydiver (PR/Marketing/Advertising)
3. chrisbrogan (PR/Marketing/Advertising)
4. jennalloyd (News/Media)
5. coachdeb (PR/Marketing/Advertising)
6. marismith (Up and Coming Tweeples)
7. barefoot_exec (Entrepreneur)
8. agingbackwards (Lifestyle/Entertainment)
9. guykawasaki (Technology/Web 2.0)
10. newmediajim (News/Media)
11. garyvee (Entrepreneur)
12. mashable (News/Media)
13. realestatechick (Other)
14. fussypants (Other)
15. problogger (Technology/Web 2.0)
16. badbanana (Other)
17. jowyang (Technology/Web 2.0)
18. nwjerseyliz (Up and Coming Tweeples)
19. Scobleizer (News/Media)
20. briansolis (PR/Marketing/Advertising)
21. pistachio (Up and Coming Tweeples)
22. timoreilly (Technology/Web 2.0)
23. williecrawford (Entrepreneur)
24. mailourmilitary (Education)
25. dreaminaction (Up and Coming Tweeples)
26. joehageonline (Up and Coming Tweeples)
27. pprlisa (PR/Marketing/Advertising)
28. warrenwhitlock (Technology/Web 2.0)
29. statesman (News/Media)
30. jeanannvk (Entrepreneur)
31. jpostman (PR/Marketing/Advertising)
32. pitchengine (News/Media)
33. megfowler (Entertainment)
34. stacybrice (Technology/Web 2.0)
35. sweetsue (Up and Coming Tweeples)
36. auctiondirect (Automotive)
37. drmommy (Business/Finance)
38. annepmitchell (Technology/Web 2.0)
39. zachflauaus (Up and Coming Tweeples)
40. jessicaknows (PR/Marketing/Advertising)
41. laniar (Entrepreneur)
42. married (Home/Family)
43. techcrunch (Technology/Web 2.0)
44. gwenbell (Other)
45. katjapresnal (PR/Marketing/Advertising)
46. napp_news (News/Media)
47. fakesarahpalin (Government/Politics)
48. cheeky_geeky (Government/Politics)
49. jspepper (PR/Marketing/Advertising)
50. ezrabutler (Other)
Tina in Virginia
Follow me on Twitter! @tinainvirginia
Kudos to my friend, Justin Williams for hooking me up with this great bookmarking site.
Socialmarker is a FREE site which submits your posts to 50 bookmarking sites. Bookmarking to a lot of sites can take forever. Socialmarker streamlines the process to make it simpler and faster.
It can help you spread a link on 50 of the best social bookmarking sites in under 15 minutes!
When you first set up Socialmarker, give yourself about 45 minutes as you will need to have accounts for all of the bookmarking sites you want to submit to. Submitting is very easy, you just type in the URL of what you want to submit, give it a title and 2-4 sentences of a description and tag it. Socialmarker will them start submitting. These are the 50 sites you have to choose from for free:
Propeller.com
Slashdot.org
Digg.com
Technorati.com
Del.icio.us
Stumbleupon.com
Twitter.com
Reddit.com
Tagza.com
Fark.com
Newsvine.com
Furl.net
swik.net
Connotea.org
Links Marker
Sphinn.com
Blinklist.com
Faves.com
Mister-wong.com
Spurl.net
Netvouz.com
Diigo.com
Backflip.com
Rawsugar.com
Bibsonomy.org
Folkd.com
Linkagogo.com
Indianpad.com
Plugim.com
Myjeeves.ask.com
Buddy Marks
Connectedy
MyLinkVault
Google Bookmarks
Jumptags.com
Fetch
OYAX
A1 Webmarks
myVmarks
Mixx.com
Wirefan.com
Dizzed
Danogo.com
Symbaloo
Ximmy
Erollover
YuppMarks
Health Ranker
Ka-Boom-It.com
Tina in Virginia
Wendy Rulnick makes some great points in this post. The drawbacks vs. benefits should be explored and analyzed fully before making a decision to pursue a short sale. I would also add: what is the average market time in your area? If it is greater than 90 days and the seller is behind on payments, an inquiry needs to be made to see if the bank will postpone foreclosure proceedings with adequate documentation. I would also recommend giving the buyer a document explaining the short sale process and ask them to sign it. Unfortunately, their agent may not give them this information and you are less likely to have the buyer walk-away if they are fully informed of the process up-front.
I get calls daily from property owners in my Destin FL area who want to do a Short Sale. These are the bullet points from my qualifying conversation with them:
- Your lender will want to know what your hardship is. What has changed from when you first took out your mortgage until today -where you can no longer keep up with the payments? If it's not loss of income, unemployment, relocation, medical expenses, divorce, mortgage rate increase or similar, then you probably don't qualify for a Short Sale.
- Is your monthly net income less than your total monthly expenses? Include mortgage payments, taxes, insurance, food, utilities, child care, alimony, credit card, auto loan, etc. We're not talking vacations, pet grooming, tennis lessons and child's birthday presents! (Yes, I've actually had some of my sellers think those are basic expenses.) Your mortgagee wants to know you are living in an austere manner to try to make your mortgage payments. If not- you probably won't be approved, as I discussed in Qualifying The Short Sale Seller.
- Do you have a substantial balance in a non-retirement savings or checking account? If you do, be prepared to give some of it to your lender. For example, if you have $12,000 in savings, your bank might ask for $10,000 as a cash contribution at closing if they approve your Short Sale. Even if you don't have much, they still might ask. I want you to be prepared for that.
- Is there a second mortgage, and if so, is it in collections? When your note goes into collections and is being handled by a third party, such as a law firm, be prepared for more stringent Short Sale terms, a greater cash contribution and/or promissory note.
- You may be asked to sign a Promissory Note. Ideally, you won't, but if so, most Short Sale lenders will ask for some monies to be paid back at 0% interest over 5-7 years. It may be as little as $5,000. Be prepared.
- Have you been making your mortgage payments? If so, know that some lenders won't approve your Short Sale. Why should they? They have 20,000 files before yours from mortgagors that cannot pay, and you are paying. That doesn't mean you won't be approved, for example, if you are taking funds from your retirement or charging basic expenses, or getting cash advances from your credit card to make payments. Be aware, however, that not making payments will affect your credit. It's a personal decision for you to make.
- Have you received a Lis Pendens or Summary Judgment notice from your lender? If so, please contact an attorney for legal advice. If you already have a foreclosure sale date, we don't have much time.
As you can see, this qualifying conversation can branch out into many directions, but it is critical to get it right, and inform your seller at the start, before ever beginning the Short Sale process.
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Search Destin Florida real estate
Short Sale Pre Foreclosure Help.
Specializing in real estate sales, short sales and foreclosures on Emerald Coast of Florida: Destin Florida real estate, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Copyright © 2008 By Wendy Rulnick. All Rights Reserved. *"I Want to Do a Short Sale" Says the Seller* Contact Wendy Rulnick regarding Destin Florida real estate and vicinity.
This blog, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.
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How do you price your properties? Do you carefully look at pricing as a strategic way to place your property?
I recently sent a market analysis to a seller with a recommend price of $224,800 for his property. He then called me and asked "Why not list the property at $225,000"? Well, here are the reasons why:
1. Listing the property at $225,000 could be a HUGE $1 mistake! Why? Well, because of the property search page on the many sites on which we syndicate our listings. On some sites, if a buyer enters, "under $225,000" for their price range, properties priced at $224,999 will show up, but those priced at $225,000 will not.
2. Look at the "active" listings you are competing with in the MLS. They are ALL priced at $225,000 and $224,900. By pricing the property at $224,800, we are placing the property "under" all of the others and thus, make ourselves look like the better deal on paper.
3. The #8 is good Feng Shui - and in this market, we need all the help we can get!
Pricing a property shouldn't be just some arbitrary number, remember $1 can make a huge difference!
Tina in Virginia
This past Saturday, I had the pleasure of interviewing the keynote speaker from the VAR08 Convention, Andy Sernovitz. Andy is an expert on Word of Mouth Marketing and explains how it relates to real estate and the day to day life of real estate agents.
You can also follow Andy on Twitter: @sernovitz or read his blog: www.damniwish.com
Added by Tina Merritt
Posted on February 28th, 2008 at 8:33pm — 2 Comments
Popular Baylake Pines! |
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BEAUTIFULLY RENOVATED IN TRUXTON! |
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GREAT BUY IN POPULAR SAWYER'S MILL! |
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