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What Real Estate Agents Should Know About HUD Assistance Program
With the majority of the country still under quarantine, many Americans are facing a financial crisis. Stimulus checks have helped, but for many it won't be enough to keep up with expenses. With citizens out of work and waiting for their jobs to come back, many homeowners are concerned about whether they will be able to pay their mortgage in the coming months. You can make a positive difference in the lives of your clients by making sure they're aware of the Federal Housing Administration's Disaster Relief program. Under this initiative, the Department of Housing and Urban Development has financial assistance programs to help those in need. Here is a basic breakdown of the options and services available.
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Growing Your REO Business
Guest contributor Windy Keefe of REALTOR®Mag says: Bank-owned inventory is slowing nationwide, but markets with higher levels still exist and are in need of REO agents and brokers to service them. According to Clear Capital's Home Data Index, over the last 3 months (December 2013–February 2014) 14.3 percent of all sales were REO. While this percentage has improved, it's still higher than precrisis levels, which hovered around 3 percent. At the metro market level, many still see elevated REO saturation rates. Chicago: 25.6% Detroit: 25.1% Dayton, Ohio: 24.2% Miami: 18.7% Atlanta: 17.9% St. Louis: 17.4% Cleveland: 16.5% Columbus, Ohio: 16.5% Listing REO properties continues to be a relevant, highly sought-after skillset. Brokers and agents with this expertise should make it know to those in need – that might mean a change the way you market your business.
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7 Reasons to Market the Home Affordable Foreclosure Alternative (HAFA) Program
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Friday Freebie: ForeclosureRadar
We’ve seen a wonderful response to our Friday Freebies series. By popular demand, we’ll continue to share the free and trial versions of products so that you can find the right solutions for your business. Today, we continue with ForeclosureRadar.   Free, 3-Day Trial from ForeclosureRadarDuring your free 3-day trial of ForeclosureRadar, you can:    Gain market knowledge and position yourself as the foreclosure expert  Check the foreclosure status of every property before you list, sell, manage or close  Identify and find the short sale opportunities that are most likely to close  Use foreclosure comps to get listings priced to sell and short sales approved  Preview upcoming REO listings and find REO listing opportunities  Partner with auction investors and generate buyer interest  Add foreclosure listings and search to your website   New features of ForeclosureRadar include:   ForeclosureRadar Alerts: New foreclosure filings matching your detailed criteria. Opening bids. Auction results. Changes in foreclosure status. ForeclosureRadar can now proactively alert you. ForeclosureRadar Moblie App: Find nearby foreclosures, search foreclosures, view daily auction schedules and update saved properties anywhere and at anytime using your iPhone, iPad or iPod Touch. Printing and Mailing: You've searched ForeclosureRadar for the new foreclosure notices and trustee sales. Take those search results and create a customized postcard or a door hanger in seconds!
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