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Bankruptcy Class on March 16th by Oliver

Mar 10

Posted by Jim Renshaw in Uncategorized | No Comments

Plan B: Bankruptcy – $40

3 CE credit hours
Tuesday, March 16, 2010
9am to 12pm
Breakfast will be provided
Green Gables Country Club
6800 W. Jewell Ave
Denver, CO 80235

Don’t miss this opportunity to see a new class offering by Oliver Frascona. Plan B:
Bankruptcy will cover what to do if the seller files for Bankruptcy while you have the
property listed; or under contract; or while in foreclosure; or after you have negotiated
a short sale. Learn the basics of Chapter 7, Chapter 11 and Chapter 13. See how if
affects your contracts with you client. Learn the basics to protect yourself and your
clients.
**Please make checks payable to “The Real Estate School” and bring to the class**
**Cash or Check ONLY**
Please RSVP to Leslie Halliday at 720.379.7815 or lhalliday@ltgc.com

Tags: Bankruptcy Class on March 16th by Oliver

Buyer to Select Title Company on Fannie Mae REO Sales

Feb 24

Posted by Jim Renshaw in Uncategorized | No Comments

Fannie Mae Issues New Addendum for REO Properties

February 23, 2010

For many years, Fannie Mae used nearly the same addendum for REO sales as banks. The addendum stated the buyer must use the seller’s title agents and cost of transfer taxes and stamps would be the buyer’s responsibility.

Fannie Mae issued a new addendum that allows a buyer to select his or her own title agent.

The addendum now states “The closing shall be held at a place so designated and approved by the Purchaser.”

This is a turnaround from previous versions wherein it stated that the purchaser must use the seller’s title agent.

Additionally, the contract no longer states that regardless of local custom, Fannie Mae will not pay any portion of the transfer taxes and stamps.

News Room Archive

Fannie Mae Issues New Addendum for REO Properties

February 23, 2010

For many years, Fannie Mae used nearly the same addendum for REO sales as banks. The addendum stated the buyer must use the sellerâ€™s title agents and cost of transfer taxes and stamps would be the buyerâ€™s responsibility.

Fannie Mae issued a new addendum that allows a buyer to select his or her own title agent.

The addendum now states “The closing shall be held at a place so designated and approved by the Purchaser.”

This is a turnaround from previous versions wherein it stated that the purchaser must use the seller’s title agent.

Additionally, the contract no longer states that regardless of local custom, Fannie Mae will not pay any portion of the transfer taxes and stamps.

Increase in Puchase Index for Mortgage Applications

Feb 3

Posted by Jim Renshaw in Uncategorized | No Comments

The puchase index provided by the Mortgage Banker Association (MBA) shows an increase in mortgage application for the month of January 2010. Smart buyers are taking advantage of tax credits, low interest rates and great prices on homes. Now is a great opportunity for buyers. Inventory remains very low and my prediction is we will see housing prices under $400,000 continuing to rise in the Denver market.

November 2009 Residential Real Estate Update

Dec 8

Posted by Jim Renshaw in Uncategorized | 3 Comments

I tried something a little different this month a youtube video market update. Check it out and let me know what you think. This is the entire residential metrolist market.

Click here to watch the video

FHA Approved Condominium Resource

Oct 16

Posted by Jim Renshaw in Uncategorized | No Comments

Here is a great tool for quickly identifying if a condo project is FHA approved. You can search by condo project, zip, and city. This site is a good one to bookmark.

FHA Approved Condominium Resource

FHA Condo Approval

Tags: FHA Approved Condominium Database, FHA Approved Condominium Resource

Referral Marketing – Scenic Byways in Colorado

Aug 4

Posted by Jim Renshaw in Referral Marketing, Uncategorized | No Comments

Provide value to your clients with Land Title’s referral marketing mailer. All you have to do is personalize, print and send to your sphere. It’s that easy. You can also import into your email program and send to prospect or current clients. Call me if you have any questions.

Referral marketing tip of the month: Your best clients and referral sources are those who know you, like you, trust you, and want to support you. Make a list of your best clients and referral sources and ask them if they have any associates or friends who might benefit from from your expertise.

Scenic Byways in Colorado

Tags: Referral Marketing for Realtors

2009 Real Estate Contract Date Guide — Updated July 2009

Jul 29

Posted by Jim Renshaw in Uncategorized | No Comments

We have updated the contract date guide for changes made to the Colorado Real Estate contract for July 2009. Please click on link below to bring up the pdf file for printing or email.