Neil Morrison's (mrecgroup) Blog

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Real Estate Agent - MREC Group Inc. - Meridian Capital
RECENT BLOG POSTS
Sacramento CA – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works.The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost if it sa...
09/21/2011
Sacramento CA – The next step in your credit repair process is a very important one. This is the time where you check the results of your efforts so far.The credit bureaus have now sent you their results, including a new credit report and a letter telling you what has changed on the report based ...
09/21/2011
Sacramento CA – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.Here are a few of the things someone needs before they can negotiate a short sale.They must have the ability to understand HUD-1 Closing Statements. The le...
09/20/2011
Sacramento CA – The next step in credit report, is the one that takes the least effort, but the most patience: WAITING.You’ve done your job in getting the ball rolling, and now the credit reporting companies have to do their part.What happens during this phase is that the credit reporting agencie...
09/20/2011
Sacramento CA – I recently received a question from Jennifer. Here was her question.“My lender ******** Bank verbally told me that my short sale was approved. However, now they're telling me that Fannie Mae did not approve the sale.They gave me an option to pay $3,000 upfront and to agree to pay ...
09/16/2011
Sacramento CA – A good short sale realtor will mean the difference between success and failure on your short sale.Here are the qualities that make a good, effective short sale realtor. Persistence. Short sales are frustrating. Many times you will feel like giving up. Many times you will feel like...
09/15/2011
Sacramento CA – I mentioned in the last note that you’ll need to keep a file of records about your credit restoration process. This is an important part of the process, and deserves a bit more than a brief mention.The credit reporting companies have 30 days (by law), to investigate and handle the...
09/15/2011
Sacramento CA – I received another question from a client. Here was his question.“I'm trying to short sale. I received a note from my Insurance agent that my Homeowners insurance will be cancelling as of this month because the insurance company went under.My insurance agent told me that he can pl...
09/14/2011
Sacramento CA – I recently received a question from Dave. Here was his question.“I would like to short sale my house. However, the foreclosure has already started. I don’t know how soon the bank is going to come and kick me out.Can I still short sale? Or, is it to late? Dave.”Here is the answer t...
09/13/2011
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Neil Morrison

REO & Short Sale Specialist - (916)991-3741
local_phone(916) 991-3741
smartphone(916) 539-6345
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