Tenant Screening Failure: How to Avoid a Similar FateAs landlords we know that one of the most critical jobs we have is screening and selecting tenants. We know that if we get this part correct that our relationship with our selected tenants will be a profitable one.So, imagine that you have done your tenant screening job well. You collected references (landlords and employers) and checked them out. You inspected their current residence. You performed background checks. Everything … [Read more...]
Cancellation Rates And Contract Failures
March 27, 2012 By Leave a Comment
Cancellation Rates And Contract FailuresContracts are failing at a high rate. Here’s why: Appraisals: Appraisals often come in lower than the previously negotiated price. Sellers do not want to renegotiate, or short sale agents have trouble challenging the bank’s short sale approval with their home appraisal. Homeowner’s Association Troubles: In these tough times, the Homeowner’s Associations are facing challenges. Delinquency rates impact their financial stability, and this (in … [Read more...]
Is HAFA a Failure?
August 2, 2011 By 11 Comments
Is the Treasury Department's Home Affordable Foreclosure Alternatives (HAFA) program a complete failure? It was introduced to help borrowers who couldn't qualify for the Home Affordable Modification Program (HEMP) complete a short sale (as well as expedite the process...which is an oxymoron in and of itself; the government helping private enterprise be more efficient, ha!). Now, after 15 months, the $4.1 Billion program has disbursed $9.5 million and accounted for only 8,541 short sales. To … [Read more...]
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