NOVA BROKERS LLC'S Blog

A question came up at the law firm today with a buyer attempting to cancel a Virginia real estate sales contract and would of course want his Deposit back simply because he can.  Based on the missing "Ratification Date" on on the contract, did he really have a ratified contract to begin with?  Ca...

I was curious of how many agents use a lead-generating real estate website.  I started using one some time ago and it seems to be working well but I was wondering what others are using and their experience with it.  The one I use charges a monthly fee for the website.  I do get leads from it but ...

As I was shopping earlier today, I saw a couple struggling to get a piece of furniture into their vehicle that was not going to fit.  So I asked them if they lived close by and they said yes.  I offered to put the piece of furniture in my SUV and take it to their house for them.  (They lived abou...

I have worked with US Bank with a handful of short sales in the past few years and have noticed nothing but problems with their communication and their disorganization.  I was wondering if others have had issues with their short sales with US Bank.  I have had a couple fall apart based on the lac...

I spoke to a few agents and attorneys over the last week and I was told that some banks are allowing agents/attorneys (who ever is working on it) get a pre-approval of the shortsale before having the property listed.  How many of you are getting your short sales done that way now.  Before, it see...

Yesterday, I received five leads from my website.  After calling the leads, 3 of the leads found me through my website because they were looking for a new real estate agent because they were unhappy with theirs.  All three are for different reasons: 1.  Real Estate Agent was not sending the "all"...

Even when time runs out, and still no approval yet from the third party bank on the contract at hand, and the seller gets nervous and decides to file Chapter 13 Bankruptcy the day before the auction date, you can still complete the sale of the home while in Bankruptcy.  The only difference is tha...

Finding the BEST Short Sale Real Estate Agent is important.  Make sure that your agent has the knowledge and experience that it takes to get the job done.  You need an agent that works hard for you.  There have been too many people coming to our law office because their short sale was denied aski...

  A friend of a friend contacted me yesterday, a referral from a friend, for some advice about her financial situation and her home.  She said she contacted Bank of America and explained her situation, that she is newly divorced and is unable to keep her current home with the mortgage payments as...

 When I met with potential sellers that wanted to sell their home they seemed very frustrated with the fact that their home is not worth what they thought (they owe more than it is worth today), after reviewing the comps.  So they had no idea how they were going to move.  When I spoke to them abo...