Real Estate

yes, they should be giving you a receipt. you should also be using a bank check as well, not a personal one.

I mean.. you are almost guaranteed a profit on it right? Since you are getting it below market value?

You are not getting it that far below market value. Unless you are talking about high dollar homes the costs of buying ands selling would eat up the difference

It depends.

If the developer has gone BK. Good luck.

If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.

Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.

www.gazette.net/stories/061108/germnew181223_32367.shtml

activerain.com/blogsview/521631/Clarksburg-Town-Center-News

I need help I can’t find out how to do it.

They pull from the MLS, there is no direct listings.

I need to know either illegal or just unethical.
Had a house got behind. Had a friend refer a realtor. He came in told us we had to move in a week so he could short sale the house.he had a property we could rent that was another foreclosure. So we moved. He never got our contract to us or talked with bank. Come to see a for rent sign in our old homes yard. We fired him and hired another person who said we never had to move in the first place. He is doing this all over the place. Kicking out people telling them they have to leave then renting the houses out and keeping all that rental money. Can he do this

This real estate agent ran the best scam around. You should report him to the local Real Estate board. Yes he might do this as demonstrated he has done it.

The question is the legality of it. Normally you may not collect rent on a property you do not own. Apparently he moved you into a house where the owner could not or had not paid the mortgage. Thus he was collecting rent from you on the property you were renting,without the owners knowledge, as he was yours.

this is fraud on his part and the authorities should be contacted.

You are not required to move during a short sale. Some real estate agents will tell you it would be better if the house is empty. In most instances they would stage the house to show it at it’s best without your accumulated clutter.

Most lenders would require the property listed by a licensed real estate agent for a period of time. Your lender would also want to have the assistance of a real estate agent in completing the Short Sale Package. Once the short sale has been approved, basically, even though you signed the contract of sale, the real estate agent is really working for your lender, as all offers on the property would have to be approved by the lender.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

I helped my daughter purchace her first home. After one year she was unable to continue making her mortgage payments. We tried to get a loan modification but was denied. I reviewed the contract and noticed that the lender did not sign any of the documents.

The contract of sale would be signed by buyer and seller- not by mortgage company. Even if some of the contract paperwork is not binding for some reason- the fact that your daughter signed the closing documents shows that she was OK with what had been agreed.

If you are talking about loan documents that she got at closing- she may have gotten copies that were not yet signed by mortgage company at closing. She could have gotten copies later that had signatures- or the signed ones may have been sent directly to county. It is possible someone made a bad mistake- but not very likely. You would have to hire a good local real estate lawyer to get a good idea.

I am trying to buy a house and would like to choose a realtor. what options should I consider in choosing a realtor. I have no friends who are realtors. I have a few recommendations. But how would I narrow the ONE. Are there websites that rate the realtors? Like CNEt for electronics or rate my professors for professors, are there any websites with the realestate agent reviews or rating. Any tips in helping choose a realtor is greatly appreciated.
I am looking for one in grand rapids michigan.

There are no sites that rate realtors.

I would pick a realtor and use them a day BEFORE you sign a buyer broker agreement. OR sign the buyer agreement for a one day period only.

Treat the one day they take you out as a job interview. Did they ask you questions about what you want in a home, area, price, etc. And then did they show you want you wanted and explain the questions you had.

How it is called this kind sales system what tourist agencies, insurance brokers etc. companies are using? I mean percentages of the premiums and all other things what they are using?
Can anyone suggest a book or readings about commission. What are different and most successful commission strategies?

It is a Commission. The company provides a percentage of the sales price to the selling agent…

So what are the people who bring clients to the home called and do they get commission and do they also list the homes and what is the difference between a restate agent and a broker and what are all the different jobs and how much schooling do you need for it i am only 13 but i love realestate only thing is i no nothing about it

It’s nice that you already know what you would like to do when you grow up, a lot of adults don’t know answer to this question. I think you should talk to your parents and contact some realtors in your area, take one of them to lunch or coffee and find out what you’d like to know. You can list real estate agents in your city and start from there.

Here are a couple of email addresses to get you started. Send them a short message that you want their fliers on their offerings on where to invest.

bill@wheretoinvestus.com

Sean Whalen <replywb@mickwave.com>