Donna & Larry Johnson's (elbow3140) Blog

The Importance of having a good Escrow Officer or Closing Attorney You must have a good Escrow Officer or Closing Attorney on your team who is well-trained and experienced specifically in closing Short Sales. Short Sales are unique transactions and it is imperative that you have someone closing t...

When you can and cannot get repairs covered for a Buyer Remember, in a Short Sale, you have a Seller with no money, a property with no equity, and a lender who is taking a loss on the sale. In a Short Sale, when the Buyer asks the Seller to pay for certain repairs to the property, the Buyer is re...

It's all about the math! When you break it down the way you do and with all the diffenert ways that there are to get leads it's simple. Thanks BenHow to Earn $180,000 in Real Estate During this 11-minute video from the December RainCamp hosted by ActiveRain, real estate marketing guru Ben Kinney ...

When you can and cannot get Buyer’s closing costs covered In a Short Sale, whether or not the Buyer can receive assistance with closing costs depends on two things: 1) what type of loan the Seller has, and 2) what type of loan the Buyer is bringing to purchase the property. If the Seller has an F...

Buy or Rent? New Numbers  Home prices and rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.The Wall Street Journal's third-quarter survey of housing-market con...

What the Lender Must “Net” in the Short Sale Transaction Let’s start by discussing what the lender must “net” in the Short Sale transaction. In a Short Sale, the lender must “net” a certain percentage of fair market value. As you probably know, part of the lender initiating the Short Sale process...

  With the European debt crisis hanging over the markets, our politicians continuing to act like children and now the markets worrying about the regime change in North Korea, there seems to be no end to the scary headlines. Even if the news is not scary, the media is pumping up bad news. For exam...