by Five Star FORCE | Jan 5, 2018 | Best Practices
When Federal Housing Administration (FHA) loans go into default, it’s best to get them back on the market as soon as possible. The FHA’s Claims Without Conveyance of Title (CWCOT) Program, in effect since 1987, is crucial in returning REOs to the marketplace and reducing the number of homes in the U.S. Department of Housing [...]
by Five Star FORCE | Jan 4, 2018 | Best Practices
Guest Article by Clint Welser, VP, Laudan Properties In an effort to streamline services performed on defaults and REO assets, the GSEs created a group of core services called “allowables.” Allowables should all be addressed by vendors beginning with the pre-foreclosure stage of default and should carry through to REO assets as damages may continue [...]
by Five Star FORCE | Oct 4, 2017 | Best Practices
Networking Faux Pas Networking is essential in real estate, but there is a delicate balance you must find when attending professional networking events. Being social and engaging is important, but it is equally important to avoid seeming insincere or over-eager. We talked to some of our long-term members to see what networking faux pas should [...]
by Five Star FORCE | Oct 2, 2017 | Best Practices
Selling homes quickly is a constant goal for real estate agents, and many agents today are finding that homes are selling almost as quickly as they hit the market. According to the National Association of Realtor’s Existing Home Sales Report released in late August, homes averaged less than a month on market for four consecutive [...]
by Five Star FORCE | Sep 29, 2017 | Best Practices
No matter how priceless an owner thinks his or her home may be, its market value will always be determined by the price a buyer is willing to pay. A comparative market analysis (CMA) is a tool to help ensure sellers get what they deserve for their properties by estimating market value. Real estate agents [...]
