How to upload your escrow documents, add folders and label documents
When you receive a document for your escrow it is easy to upload them to the ECP program.
First you will save the document to your desktop to easily find and upload it to the system. Once you have saved it to your desktop log into your ECP account.
After you have logged into your account you will select the escrow from the main page to open the profile page. On the profile page you will see a button under the contacts section that says “Upload/View Document Library” and select it.
In the Document Library you will see the 3 preloaded folders; Disclosures, Contracts and Files. You can at any point add an additional folder by selecting “Create New Folder” at the top of the page. If you would like to add a new folder just select “Create New Folder” enter the folder name then select “Create Folder.” (For example: BPO Pictures, Short Sale Documents) You will then be able to upload documents to your new folder.
You will upload all your documents to their specific folder like you would with a filing cabinet. You will decide what folder your document needs to be stored then select the appropriate “Choose File” button to browse your desktop for the doc. Once you select it hit the “Open” button as you would with any upload form then select the upload button and your document will be added to the folder. You can open the document by simply selecting the file name.
You can upload any type of document whether it’s a PDF, JPEG, DOC it doesn’t matter it can all be stored in any folder.
Once you have uploaded the document you will have the ability to label what exactly is in the document. Say you receive on PDF but it includes 3 different things, well, this is where your primary documents list comes in. Next to doc you will see the words “Add Label” when you select it you will see the list of all your primary documents. All you will need to do is select the names and select save then your labels will be attached. As an added benefit, once you select the label name the item will be removed off your “items needed” list on the escrows profile page. That way you will easily know that the item has been received!
The document library has been created like a virtual filing cabinet giving you the ability to file your escrow documents without the need to print and store a paper copy. All uploaded documents will be stored on our secure servers for 3 years. Even after an escrow has been closed, you will have the ability to view the documents.
By using this feature you could virtually become a paperless office and drastically reduce your overhead cost!
Remember if you have any questions feel free to contact us!
Thank You from Escrow Coordinator PLUS!
Editing Escrow Information from the Profile Page and Sales Sheet
As most agents know escrow information can change daily. We want to ensure that your escrow will be up to date and current with any changes that have been made so we have made it easy to change any escrow information from either the escrows profile page or sales sheet. (This is a long post but it is very detailed with all information needed to edit your escrow information through the sales sheet!)
The information that is edited on either page will automatically update in its correlating fields throughout the program.
On the profile page you can edit the following escrow information:
-Price
-Seller Credit
-Contingency Removal (CR) Date
-Close of Escrow (COE) Date
To edit the field just simply select the edit button, update the fields, and select the save all changes button at the bottom of the page and the information will be updated throughout the entire program with your newly added updates.
If you would like to update the following information you can do so through the sales sheet. To get back to your sales sheet, select the Edit/View Sales Sheet button under the contact information on the Profile Page.
On the Sales Sheet you can edit:
-Property Information
+Address (changing the street address will also change your file name)
+City
+State
+Zip
-Seller Information
+Sellers First and Last Name
+Email, Phone, Address (including the street address, city, state and zip)
-Listing Broker
-Listing Agent(s) Information (updating the Name, Office Phone, Email and/or Fax will change the agents contact information on the Profile Page)
+Agent(s) First and Last Name
+Office Phone (This field is what is used for the agents contact phone number on the Profile Page, enter in what phone number the agent is best contacted at for a better user experience in this field)
+Cell Phone, Fax, Address, City, State, Zip, Email
+Percent (This is used for agents co-listing a property to define the % split)
-Buyer Information
+Sellers First and Last Name
+Email, Phone, Address (including the street address, city, state and zip)
-Buyers Broker
-Buyers Agent(s)
+Agent(s) First and Last Name
+Office Phone (This field is what is used for the agents contact phone number on the Profile Page, enter in what phone number the agent is best contacted at for a better user experience in this field)
+Cell Phone, Fax, Address, City, State, Zip, Email
+Percent (This is used for co-buyers agents to define the % split)
-Escrow Information (updating the sale price, seller credit, CR date and/or COE date will change those fields on the Profile Page.)
+Sale Price, Listing Price, Deposit Amount, Date Sold, CR Date, Estimated COE Date, MLS#, Year Built, Type of Financing, and the Credits
+Escrow Number (This is the ONLY place the Escrow Number can be changed from in the program. It can be changed multiple times if necessary but only from the sales sheet)
+Title Company
-Escrow Officer (updating the Name, Office Phone, Email and/or Fax will change the escrow officers contact information on the Profile Page)
+Escrow Officers First and Last Name
+Office Phone (This field is what is used for the escrow offices contact phone number on the Profile Page, enter in what phone number the escrow officer is best contacted at for a better user experience in this field)
+Cell Phone, Fax, Address, City, State, Zip, Email
-Loan Information
+Original Loan Amount, Deposit Increase
-Loan Officers Information (updating the Name, Office Phone, Email and/or Fax will change the Loan Officers contact information on the Profile Page)
+Loan Officers Name (First, Last)
+Lender Name
+Office Phone (This field is what is used for the escrow offices contact phone number on the Profile Page, enter in what phone number the escrow officer is best contacted at for a better user experience in this field)
+Cell Phone, Fax, Address, City, State, Zip, Email
-Additional Contacts
-Commission Information
-Items Needed for Escrow (If selected these items will show on your items needed list on the Profile Page along with your Primary Documents. These have been added because they are the most commonly used items.)
-Pest Information
Once you have completed all your changes select the Submit button and all changes will be saved!
There are additional fields that the information on the sales sheet is pulled from so ANY changes made on either the Profile Page or the Sales Sheet will be updated in all additional areas throughout the program for your convenience.
Hopefully you will find this information useful and make your experience with Escrow Coordinator PLUS as easy and enjoyable as possible!
Remember if you have any questions feel free to contact us!
Thank You from Escrow Coordinator PLUS!
Understanding the Real Estate Foreclosure Process (3 Steps)
realestateblog360.blogspot.comUnderstanding the Real Estate Foreclosure Process (3 Steps)
ESCROW REVIEW
For the last 2 years , my Mom has made real payments of about $ 14,472 . added bank payments, amount to $15,400. REVERSAL PAYMENTS and other negative numbers $-13,234 . , -6583. amounting to $ - 19, 817. for a total negative effect on our account of more than $ 4300 .
THIS ESCROW REVIEW REVEALS SERIOUS PROBLEMS taking out of our account more than $ 4300. plus the computer glitch of $ 300 . and all of the erroneously forced insurance .
That’s about $ 6000 . the bank is costing us on top of the money we are paying them for privilege?, of borrowing money from them for the Home Purchase .
AND THE BANK KEEPS HARASSING … ` .` HER ? is this because she is 81 YEARS OLD and they think they can steal from her and get by with it …
How do I escrow funds in Ubercart?
Straight dump from IRC:
<wizonesolutions> Hey, has anyone used escrowing payment gateways with Ubercart? Basically those kinds of systems where customers pay and the money goes into a sort of site account, which can then be withdrawn or sent to vendors.
<wizonesolutions> Trying to get a solution like this going for a site…and not sure what’s either integrated or the closest to it
<wizonesolutions> Also looking for a service that can verify bank details.
Update 1: So far, Ubercart Marketplace looks minorly promising, but it hasn’t been updated in like a year. I’m also thinking about PayPal’s Pay API (maybe via Adaptive Payments, but the client would prefer a minimal amount of custom code, if possible.
Wanted: Replacement For (The Now Closed) ClearCoin Escrow
Bitcoin’s technical lead, Gavin Andresen (@GavinAndresen) has closed the bitcoin-powered escrow service ClearCoin (info) just six months after it was launched.
Gavin announced the action on Thursday and attributed the decision to constraints on his time relating to his involvement in the more significant project, Bitcoin core development.
Existing transactions will be unaffected and ClearCoin will stay running for at least two months after the last active escrow transaction has expired.
A Significant Loss
With Bitcoin being a digital currency with irrevocable transactions, use of an escrow has been one method that allowed transactions to occur when trust among one or more parties in the transaction had not been established. Without ClearCoin trading on the #bitcoin-otc marketplace and elsewhere could become a more risky endeavor.
Without a notice provided in advance and with no established escrow alternative the bitcoin community is clearly caught unprepared. The Secure Trading Guide on the Bitcoin wiki, for instance, still makes numerous references to the use of ClearCoin as the preferred method for lessening the risk.
Even before the loss of ClearCoin, Rick Falkvinge called out escrow as being one of Bitcoin’s hurdles.
Alternatives
The OTC web of trust (WoT) has been steadily growing and might now be an even more useful tool towards enabling safer trading. The OTC WoT uses registration of user GPG keys and now has well over 1,000 participants. Though trust ratings between users can be granted for any online or real-world transactions, most transactions resulting in a rating occurred on the #bitcoin-otc, #bitcoin-otc-foyer and #bitcoin-pit IRC channels.
Just as with other trust systems past performance is not indicative of future results. Because establishing a good trust rating requires a good deal of effort and time, some will feel comfortable trading with a trusted member from the OTC WoT even without the protection of an escrow.
A new service, BTCrow, was recently introduced and varies in the way it operates from the model that ClearCoin followed. The most significant of these differences is that BTCrow provides more significant dispute resolution services versus ClearCoin’s automated method. Because BTCrow escrow service itself is new yet and its operator has neither provided identity nor has trust already established with the Bitcoin community, some may be wary of using the service.
Anonymous Escrow
Because transactions using Bitcoin for payment may involve the desire for anonymity, an escrow that can function anonymously might be desired as well. Recently Bitcoin Escrow Service launched its site on i2p (i2p or proxy required), though that service does not offer dispute resolution services. Eptiv is another anonymous escrow service that recently launched. A forum member has described A-Bay (ppt) as an idea for anonymous escrow that would offer mediation.
Market
Because escrow services are widely used in the financial industry and for property transactions ranging from large (real estate, auto, etc.) to small (domain name transfers, protecting ebay auction purchases, etc.), there is certainly opportunity for additional approaches.
Bitcoin, with its ultra-low transaction fees and property of being irrevocable means it can both generate additional demand for escrow services and at the same time solve some core problems that previously kept escrow services expensive and limited the scope of where those services could be offered.
At some point, the Bitcoin protocol will likely accommodate an escrow contract, which is possible due to Bitcoin’s support for scripts. Support for this type of feature would require enough design, development and testing that even if it were made a priority now, availability would be many months or possibly years away even and even then wouldn’t eliminate the involvement of escrow intermediaries.
Escrow service provided online is an opportunity too large to just wait until these other providers finally warm up to Bitcoin.
Now, you can use our escrow with PayPal for your transactions
1. Both item looker and traveller agree to use PayPal escrow.
2. Item looker transfers a certain amount of money to Bistip’s PayPal escrow
- We only accept US Dollar currency for now.
- The processing fee of using the PayPal Escrow is 8%
- The amount the item looker (buyer) will deposit should include item’s price, tip for the traveller and 8% fee from the item’s price + the tip.
Example:
Item’s price: USD 100
Tip: USD 20
Subtotal: USD 100
Total : USD 100 x (100/92) = USD 108.69
Above calculation is for a scenario where the item looker pay for the 8% fee.
The 8% fee can be split between both sides which will yield different calculation.
3. Bistip.com confirms that the payment has been received.
4. Meetup and exchange item and tip.
5. Item looker confirms that he/she received the item.
6. Bistip.com transfers the money to the traveller’s PayPal account.
7. Traveller confirms that he/she received the payment.
Important:
- PayPal escrow is available via “Messaging” feature.
- Bistip.com will refund the payment (with 4% fee) if the transaction failed.
Refinancing Mortgage
I stopped in the bank to make a deposit and the teller made a suggestion to me about refinancing my mortgage and that the APR is 3.8%. Say what?! So I talked with a mortgage officer and we are getting the ball moving, we should close on this towards the end of March. I am just a little bummed my PMI went up for my FHA loan, BUT I am still saving money.
When the teller originally suggested this to me. I was worried how long it would take. He said less than 5 minutes. And it was. I am impressed. Which it’s sad how some people don’t know this can be done at ANY bank, being as THEY want your business.
And the upside to the drop, is this way I can toss some extra money to escrow. My plan is to have it paid off before the end of the year, so this is one less payment taken off our mortgage. Which I need to see if they will let me over pay, being as I would like to carry that over to the next year and would love to to be ahead a year on escrow. Not even sure if this will work, will find on as I go along. And I will be able to pay extra to the principal as well. I normally only do $10-$20, but that little bit helps. :-)
7 SECRETS for Successful Home Buyers
If you’re thinking about or in the process of buying a home, following these 7 steps will help you safely reach your goal.
Step 1. Prepare for home ownership
- Monitor your credit record. Get a free copy of your credit report and if necessary, take steps to improve your credit score. Your credit score is a key factor in determining the rate of interest that you will pay for your mortgage loan. Generally, a higher credit score will qualify you for a lower interest rate.
- Figure out what you can afford. It will save you time, energy, and money if you have a realistic picture of what you need and how much you can afford before you start shopping for a home (see Step 2). A typical down payment is 20%, but some loans and property types can accept a lower down payment or require a higher down payment.
- Choose the type of home that fits your lifestyle, in a location that has the amenities and community services that you want.
- Get pre-approved for a loan by a local mortgage professional. Your real estate consultant can recommend trustworthy brokers. Without a pre-approval you will not be in a position to make an offer. Almost all sellers will not even consider your offer unless you are pre-approved for a loan. Even if you do not think you can qualify for a loan, meet with a mortgage professional to build a plan of action to put you in position for home ownership.
- Know your housing priorities, including the type of structure, size, location, and community services that are important to you.
- Hire your own realtor to represent your interests as the buyer and to help you with the process.
- Know housing market trends before you start looking for a home. In a buyer’s market, there are a lot of homes for sale, with relatively few buyers, so sellers have to offer potential buyers additional incentives. In a seller’s market, there are a lot of buyers and relatively few homes, so sellers are likely to drive a hard bargain, and the home you want may be sold before you have a chance to make the offer.
- Make an offer that is realistic. Offers are usually conditional on the home inspection (see step 5), appraisal, having a clear title, and final approval of the loan.
- Provide an earnest money deposit, which in San Francisco, is 3% of the offer price. The earnest money deposit lets the seller know that you are serious about wanting to purchase the home. In most cases, if you retract your offer after all contingencies are removed, the seller keeps the deposit.
- A home inspection report provides an in-depth and impartial evaluation of any problems with the property. Your realtor will have suggestions regarding whom to use. When you make a written offer on a home, the contract should state that the offer is contingent on a home inspection conducted by a qualified inspector.
- If you are satisfied with the results of the inspection, then your offer can proceed, but be sure to negotiate and include, in writing, any financial adjustments, repairs or replacements that the seller agrees to make as a result of issues identified in the inspection report.
- Learn what is covered by homeowner’s insurance and what type of policy to purchase.
- Shop for a policy. Know how to read the policy and file a claim.
- The signing takes place at the title company about a week, to a week and a half before the closing.
- The title company provides you with title insurance, which protects you and the lender from claims by others against your new home.
- On signing day you will sign your loan and closing papers that make the sale final. Make sure your agent gets you a copy of the settlement statement before you go in to sign so that you can check the paperwork for errors. You will be required to bring picture ID and a cashier’s check (or wire transfer) to cover the closing costs.
- The “closing” is when the county records the sale. This is the final step. After the recording, you will be given the keys to your new home!
Banks are double charging escrow fees and calling it a "mistake" when they get caught
As we have reported repeatedly, based on independent reports from numerous consumer attorneys and investors, servicer engage in numerous form of petty larceny which they pass off as “mistakes” when caught out. The problem with this excuse is that servicers are set up to be highly routinized environments, so any reasonably widespread error is not a mistake, but policy. However, it is remarkably difficult for borrowers to get servicer internal records, even in litigation, and even then, borrowers need to incur considerable costs (as in hire an expert witness) to dispute the accuracy of the bank’s charges.
Despite the general “missing in action” posture of bank regulators, one office has taken a tough stance of abuses, namely, the US Bankruptcy Trustee. A New York Post story by Catherine Curan reports that the Trustee is investigating double dipping in the New York City area by Wells Fargo and GMAC (now Ally). Borrower attorneys contend this practice is common at all servicers:
Many homeowners opt to pay part of their property taxes and homeowners insurance with their mortgage every month. The funds are then put into an escrow account and used to periodically pay the taxes and insurance.
But after falling behind on a few payments, troubled borrowers in Chapter 13 often find that their bank or mortgage servicer tries to collect twice on the escrow funds — once as part of the overall mortgage payment, and again as a separate “escrow shortage” charge.
The average double charge is about $2,000, said forensic accountant Jay Patterson of Full Disclosure in Arkansas, who sees escrow issues in half the cases he examines.
The Post does a quick and dirty calculation and guesstimates that the level of overcharges could easily be $180 million in 2011.
Now understand the asymmetry. $2000 is not chump change to most people, particularly people going through bankruptcy. Yet in aggregate, this scam over the last few years adds up to the billionish level over the last few years. The public has gotten so used to discussions of banks getting subsidies ranging in the trillions that a consumer scam in the upper hundred millions to something over a billion doesn’t register as being significant, even though, by any other standard, that would be a very large consumer fraud.
And that is what the banks rely on, that their malfeasance is a bit hairy to find and prove out, and that it is way too costly for the parties damaged (borrowers and investors) to prove the abuse exists and beat it back. In many ways, this is close to a perfect crime.
As Senator Everett Dirksen allegedly said (apropos defense budgets), “A billion here, a billion there, and pretty soon you are talking real money.”
Fresno Short Sale Network - Seller Anxiety
shortsale-fresno.comPost Traumatic Home Payment Syndrome
I am seeing a phenomenon lately with upside-down home owners; Some who have just stopped making payments for a few months and others who have not been making payments for months,…even years where they believe that it is their social right and that it is normal not to pay anything at all for housing. Because of this phenomena (not sure if there is a coined term), when these upside-down delinquent home owners do contact short sale agents in an effort to make a positive and responsible decision to try to short sale their homes, they often end up being torn between what they have become accustomed to doing vs. what they now will have to do - pay for housing.
When the short sale ends up being accepted by the lender, I have found that many home owners during the close of escrow are having extreme anxiety about the reality of now having to find another home or an apartment to rent where they will actually have to start paying to live somewhere. These are home owners who could easily afford a to rent in our area the standard $700 to $2,000 per month in comparison to the $2500 to $8,000 per month mortgage payments that they once made. But the fact that these same home owners have gone for a few months or longer without paying anything, it seems a huge shock to think that they will now have to pay something.
I have had recent situations where home owners have literally halted short sales in the middle of escrow because they would rather ride it out for the next four to six months and not pay any housing costs than to save their credit and start over with a reasonable housing cost and a responsibility that everyone should have (paying for rent or housing). I am seeing this more frequently across the board.
Some of the short sale lenders are starting to offer home owners cash to close on short sales. I have seen from $5,000 up to $25,000 offered to a home owner during a short sale as an incentive to keep the short sale moving and to give home owners help with moving and rental costs. Sometimes I can’t help but think how this may be hurting specific individuals by feeding into their irresponsible behavior and enabling it. Now some situations warrant this help, and I also understand these situations, especially a home owner who is jobless, sick, etc. But for those who are capable of making minimum rental payments and moving on, I think these capable individuals are just wanting to benefit by buying as much time and saving as much money as possible at everyone else’s cost.
Bitcoin Money - Wanted: Replacement For ClearCoin Escrow
bitcoinmoney.comIn a post on Bitcoin Money:
“Bitcoin’s technical lead, Gavin Andresen (@GavinAndresen) has closed the bitcoin-powered escrow service ClearCoin (info) just six months after it was launched”.
”[…] attributed the decision to constraints on his time relating to his involvement in the more significant project, Bitcoin core development”.
“Without a notice provided in advance and with no established escrow alternative the bitcoin community is clearly caught unprepared”.
“The OTC web of trust (WoT) has been steadily growing and might now be an even more useful tool towards enabling safer trading”.
What Is a Settlement Statement?
A settlement statement, or Form HUD-1, is a document that indicates fees and charges that both the buyer and seller incur during the settlement process of a housing transaction. The U.S. Department of Housing and Urban Development administers Form HUD-1 and other documents necessary to close a real estate transaction.
-
Loan Information
-
A settlement statement, which must be provided to the borrower by the seller or seller’s agent, indicates the type of loan, file number, loan number and mortgage insurance case number. Form HUD-1 also includes the names and addresses of the borrower, seller and lender; the property location; the settlement agent; and the place and date of settlement.
-
The summary of borrower’s transaction indicates items such as the gross amount due from the borrower, contract sales price and settlement charges the borrower must pay. This section also includes real estate taxes the borrower owes the city and county of residence.
-
The summary of seller’s transaction shows the amounts the seller incurs during the closing process. This covers items such as the gross amount due from the seller, contract sales price and city/county taxes the seller owes on the property.
-
In a housing transaction, the gross amount due from the borrower equals the amount paid by or on behalf of the borrower. It includes the debtor’s deposit money, or down payment, and the principal amount of new loans.
-
The gross amount due to the seller represents the seller’s take-home amount. It equals the property sale amount minus existing loans on the property minus settlement charges to the seller.
-
Federal authorities require that borrowers pay specific fees in connection with a mortgage or other housing-related loan. These fees include loan origination fees, appraisal fees, loan discounts (also called points), credit report expenses, mortgage insurance application fees and lender’s inspection expenses.
-
A lender may require that a borrower pay some items in advance, depending on the mortgage covenant. These items include interest for a specific period of time (three months, for example), mortgage insurance premiums and hazard insurance premiums.
-
Lenders require that borrowers deposit specific amounts, or reserves, before advancing funds in a housing transaction. Reserves include hazard insurance, mortgage insurance, city property taxes, annual assessments and county property taxes.
-
Title charges and associated expenses include settlement or closing fees, abstract or title search expenses, title examination charges and title insurance expenses. Other charges related to property titles include documentation preparation fees, notary expenses and attorneys’ fees.
-
These charges relate to the process of recording real estate transaction data in state and local government archives. Recording and transfer expenses include city and/or county stamps, state taxes and recording fees for deeds.
-
via ehow.com
By Marquis Codjia, eHow Contributorupdated: April 29, 2011
Ten ways to generate Real Estate Leads
Generate leads – Here is a list I put together of lead generation avenues that are proven and easy. If you ever find yourself at a loss of things to do to get more business refer back to this post and try out a few. I have done most of these myself and have had some good success with them. I hope they work as well for you.
One: Open houses. One of old tried and true techniques out there. I sold my first house because of an open house when I was new. The important thing to remember at the open house is data collection. Pull out all the stops to get visitor information via a signup sheet. Also try to schedule appointments with the visitors on the spot for future showings. I make it a requirement that people sign in even if they are just looks because if visitors see everyone sign up they are more inclined to also sign up. Open houses can be done anytime too. Try a couple around late rush hour so can catch people on the way home from work.
Two: Craigslist. I just did a post on craigslist not too long ago and gave a lot of specific tips on how to get good results. Free and easy and will make the phone ring. You will have to filter through a lot of spam but it’s some of the best free advertising you can do.
Three: Trulia and Zillow. Both of these companies will allow agents to buy zip codes for $79 a month. It’s a little pricey but the results are amazing. Most of the leads are very serious and you will have a good chance of closing them. You can also post listings to these sites through programs like Postlets.com and vflyer.com for more free lead generation.
Four: Facebook ads. I have talked more specifically about this another post recently. You can buy extremely cheap targeted add space (under $2 a click or 40 cents for a 1000 impressions). The important thing to remember is to capture the buyers’ information on some kind of landing page with a sign up form. If you have a facebook page use themlsapp.com which is free if you have under 100 fans people can search homes which really earns you those likes. If the app is unavailable in your area Zillow has a search app you can install. Try offering a house of the day posting or basic FHA financing info targeted at newlyweds. Show ads to the military offering houses with zero down and move in ready condition. The possibilities are endless and just depend on your niche you want to target.
Five: Clubs. Works great for agents focused on Investment properties. Most areas have some kind of investment club and if not go to a Rotary or BNI club in your area. The key to any successful business is networking, and in Real Estate sales local networking is key. You will be able to meet a lot of people and collect contact information to keep in touch.
Six: List builders. If you haven’t noticed by now the common thread in this post is network creation and collecting information. When you collect info off of Facebook, craigslist, clubs, open houses or anywhere else SAVE IT. You can use any CRM software for this like Plaxo, google contacts, your cell phone, or www.EscrowCoordinatorPlus.com. The key is saving the information and keeping in touch. Send calendars to them or something maybe monthly market reports. House of the day.
Seven: Absentee owners. This is a good way to get listings or generate a new buyer. You can find lists of absentee owners in your area off of programs provided by title companies such as data tree and others. These programs will allow you to pull a list of houses with absentee owners, with equity, and sometimes you get phone numbers. You can call or send these owners something to solicit business, to see if they want to sell, or buy more rentals. If you get the listing you may be able to even sell it to the current tenant and make a quick buck!
Eight: Past clients. This is always good when business is slow, although you should always stay in touch with past clients. Give them a call. See how they have been and passively advertise yourself. They may have a friend who wants to buy, or they may be looking to upgrade. They already trust you and will give you contact info for people they know who want to buy. Keep track on www.escrowcoordinatorplus.com
Nine: HUD ads. HUD homes are a hot item right now for some reason. Plus the rules have changed to make them easy to show as you don’t need a special key anymore. Just go on the hudhomestore.com site and pull all the homes in your area to advertise. The great thing about HUD is you don’t need a contract until you have an accepted offer. Something about HUD makes buyers go crazy which is probably because they have done an amazing job marketing themselves with the classes and bus tours. This is a great project to co partner with a lender to provide finance info and start bringing in the leads.
Ten: House tour. If HUD does a bus tour why can’t you? This will cost more money to rent a van and advertise but if you go all out with a partner you can really create some buzz and appear to be THE expert. You will get serious buyers and depending on your target, show these buyers the best fitting houses available. Think of this as a broker caravan that actually sells houses. Make it once a month and create a screening process for the available slots to get only the best buyers. This is a little trick Military recruiters use to get kids to sign up in bulk. (Worked on me, and I’m glad it did).
To manage you business from anywhere use our platform at www.EscrowCoordinatorPlus.com
