Settlement Costs Booklet
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Now Or in the Future BUYER ASSISTANCE PACKAGE Lee
The Lee Jenkins Real Estate Specialists – (954) 540-8509 / [email protected] Go to www.LeeJenkinsRealEstateSpecilaists.com for the same information in this package plus additional information. Now Or In The Future Our Real Estate Philosophies, Principals, Commitments, Values, Beliefs Are Very Simple. It’s never about us. It’s Only & Always About You. The Details Will Show A Completely Free, No Obligation Consultation With Us Will Be Exceptionally Helpful For You. Please Review Our BUYER ASSISTANCE PACKAGE Whenever it’s the best time for you, we welcome the opportunity of providing all our professional services and expert advice. Lee Jenkins Real Estate Specialists Direct or Text: 954-540-8509 [email protected] www.LeeJenkinsRealEstateSpecialists.com And our 40+ Member Service Specialists RE/MAX PowerPro Realty The Lee Jenkins Real Estate Specialists – (954) 540-8509 / [email protected] Go to www.LeeJenkinsRealEstateSpecilaists.com for the same information in this package plus additional information. Homeowner Package Table of Contents Pages 3, 4 – Introduction and Client Help Philosophy Page 5 – Homes For Hero’s Program Pages 6 - 9 17 Ways We Help Our Clients w Home Searching/Buying/Renting Process Preferred Buyer Property Finder Service Buyers In Waiting Program Dream Home Finder Program to Your Preferred Community The Process from First Contact to Celebration Date Preferred Buyer/Renter - Property Hunting Guide Pages 10 to 19 – Testimonials includes: What a Standing Ovation Looks Like in Paper Page 20 - References to Call Pages 21 -
Flow of Real Estate Transactions (In the Case of an Individual Purchasing a Home)
Flow of Real Estate Transactions (in the case of an individual purchasing a home) Real estate transactions can be broadly divided into those conducted for self-use purposes (actual demand) and those for earning purposes (investment). Here is the flow of real estate transactions summarized as a flowchart, assuming the case of an individual purchasing a home, as an example of actual demand. Flow of Real Estate Transactions (in the case of an individual purchasing a home) ●●●Property for Sale by Owner/Builder and Property for Sale by Broker ●●● The form of selling homes can be broadly divided into properties for sale by owner/builder and properties for sale by broker. The flow of purchase differs depending on this. (1) Property for sale by owner/builder A property purchased directly from the real estate company that is the seller. (There are also cases of purchase via a real estate company entrusted by the seller to act as a sales agent.) In general, newly-constructed condominiums and large groups of newly-constructed detached homes are properties for sale by owner/builder. (2) Property for sale by broker A property purchased through a real estate company acting as broker at the request of the seller. In general, small groups of newly-constructed detached homes and existing properties are properties for sale by broker. Brokerage fees payable to the real estate company may arise in the case of properties for sale by broker. ◆◆◆Property for Sale by Owner/Builder (in the case the seller is a real estate company) Planning by seller (real estate -
Good Faith Estimate (GFE)
OMB Approval No. 2502-0265 Good Faith Estimate (GFE) Name of Originator Borrower Originator Property Address Address Originator Phone Number Originator Email Date of GFE Purpose This GFE gives you an estimate of your settlement charges and loan terms if you are approved for this loan. For more information, see HUD’s Special Information Booklet on settlement charges, your Truth-in-Lending Disclosures, and other consumer information at www.hud.gov/respa. If you decide you would like to proceed with this loan, contact us. Shopping for Only you can shop for the best loan for you. Compare this GFE with other loan offers, so you can find your loan the best loan. Use the shopping chart on page 3 to compare all the offers you receive. Important dates 1. The interest rate for this GFE is available through . After this time, the interest rate, some of your loan Origination Charges, and the monthly payment shown below can change until you lock your interest rate. 2. This estimate for all other settlement charges is available through . 3. After you lock your interest rate, you must go to settlement within days (your rate lock period) to receive the locked interest rate. 4. You must lock the interest rate at least days before settlement. Summary of Your initial loan amount is $ your loan Your loan term is years Your initial interest rate is % Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ per month Can your interest rate rise? c No c Yes, it can rise to a maximum of %. -
Commercial Vs Residential Transactions the Complexities & Needed Due Diligence
A Division of American Surveying & Mapping, Inc. Commercial vs Residential Transactions The Complexities & Needed Due Diligence National Marketing Director Service Provider to the David Herrin, Fidelity National Title Group Cindy Jared, SVP, Major Accounts Family of Companies Thank You Thank You • Thank you to ALTA and to Fidelity National Title Group for sponsorship of this Webinar and the opportunity to present to ALTA members • My name is David Herrin the National Marketing Director of National Due Diligence Services (NDDS) • NDDS is a Division of American Surveying & Mapping, Inc. • We are a national land surveying and professional due diligence firm • Established in 1992 with over 25 years of service • One of the nation's largest, private sector, survey firms • Staff of 150 dedicated & experienced professionals ® 2 Commercial vs Residential Transactions • Residential Transactions – Systematic and Regulated • Commercial Transaction – Complexities • Commercial - Due Diligence Phase – ALTA Survey – Related Title Endorsements • Other Commercial Due Diligence Needs – Environmental Site Assessments – Property Condition Assessments, – Seismic Risk Assessments (PML) – Zoning ® 3 Subject Matter Expert Speakers may include: David Herrin, National Marketing Director, NDDS Mr. Herrin offers over 35 years real estate experience including 10 years as a Georgia licensed Real Estate Broker (prior GRS & CCIM designates), regional manager for a national title insurance company & qualified MCLE instructor in multiple states. Brett Moscovitz, President, -
Consumer Advocates Warn Homebuyers About 'Disruptive' Real Estate Business Models
Source : National Association of Exclusive Buyer Agents 07 août 2019 17h53 HE Consumer Advocates Warn Homebuyers About 'Disruptive' Real Estate Business Models Phoenix, AZ, Aug. 07, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Media Contact: Linda Surovick, Executive Director, National Association of Exclusive Buyer Agents (NAEBA) [email protected] 888-623-2299 Consumer Advocates Warn Homebuyers About ‘Disruptive’ Real Estate Business Models PHOENIX, AZ, August 7, 2019 —The National Association of Exclusive Buyer Agents (NAEBA) is warning home-buying consumers about new business models that may be good for some companies’ bottom line but can be a big mistake for first-time homebuyers and those new to a market. One such model is “Redfin Direct” where buyers can buy Redfin listings without an agent assisting the buyer during the real estate transaction. By foregoing buyer representation, consumers are risking serious financial harm by attempting to negotiate directly with experienced agents who have historically worked for sellers. Buying a home is an adversarial process, regardless of how friendly everyone may seem. The seller’s agent is required by law to try to get the best price and terms for the seller, and their commission structure rewards them to that end. “As we have experienced, in nearly 30 years of representing home buyers exclusively, many buyers do not know what they don’t know. The difference is, do you want to be SOLD a home or walk away from the table with a home you BOUGHT? The subtle difference in words is the difference between sales (working with you as a customer) and advocacy (working for you as a client). -
Unrepresented Buyer Acknowledgement
UNREPRESENTED BUYER ACKNOWLEDGEMENT This Unrepresented Buyer Acknowledgement (the “Acknowledgement”) is made by ____________________________________________________________________________ (“Buyer”) regarding the property located at _________________________________________________________ ______________________________________________________________________ (the “Property”). Redfin Corporation (“Redfin”) represents the seller of the Property. 1. BUYER IS UNREPRESENTED. Buyer is not currently represented by, or otherwise working with, a real estate agent. 2. REDFIN REPRESENTS SELLER ONLY, NOT BUYER. Redfin does not represent Buyer or Buyer’s interests. Redfin solely represents the interests of the seller of the Property. 3. NO AGENCY RELATIONSHIP WITH REDFIN. There is no agency relationship between Buyer and Redfin. In the course of representing the seller of the Property, Redfin may perform several real estate activities including, without limitation, the following: ● Answer questions about the Property; ● Hold open houses of the Property; ● Conduct tours of the Property; and ● Transcribe a prospective buyer’s offer terms into contract form (although Buyer agrees it remains Buyer’s sole responsibility to review, complete, understand, and sign such contracts). Neither those activities nor this Acknowledgement create an agency relationship between Buyer and Redfin. If, at a later date, Buyer would like to be represented by a Redfin agent in Buyer’s efforts to purchase this Property or a different property, then Buyer will enter an agency agreement with Redfin at that time. Unless and until Buyer enters an agency agreement with Redfin, Buyer understands and agrees that Redfin does not represent Buyer’s interests in the purchase of this Property or any other property. 4. OPPORTUNITY TO CONSULT WITH AGENT. Buyer understands that real estate transactions are complex and that real estate agents can provide valuable services in guiding their clients through the real estate transaction process. -
Residential Real Estate Conveyancing
BEST PRACTICE MANUAL Residential Real Estate Conveyancing The material is this manual is for illustration purposes only and is not to be copied or shared. Some of the information is compiled from the following sources: Continuing Legal Education Society Law Society of British Columbia of British Columbia Practical Legal Training Course Conveyancing Deskbook Real Estate Practice Manual The Society strongly recommends that its members subscribe to the CLE course materials noted above. ENCOURAGING BEST PRACTICE FOR BC NOTARIES 1 April 2009 Index RESIDENTIAL REAL Estate CONVEYANCING ................................................... 4 Introduction ..................................................................................................................4 Relying on Staff.............................................................................................................5 Talking to your Client .....................................................................................................5 Taking Instructions ........................................................................................................6 Scope of the Retainer ...................................................................................................7 Multiple Clients .............................................................................................................8 Consent/Conflict of Interest ..........................................................................................8 Independent Legal Advice ..........................................................................................11 -
Updated Requirements for Pre-Foreclosure Sales (PFS) and Deeds in Lieu (DIL) of Foreclosure
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER July 10, 2014 Mortgagee Letter 2014-15 To All FHA-Approved Mortgagees Servicing Single Family Mortgages Subject Updated Requirements for Pre-Foreclosure Sales (PFS) and Deeds in Lieu (DIL) of Foreclosure Purpose This Mortgagee Letter sets forth the Department’s policies on Pre-Foreclosure Sales and Deed In Lieu transactions. This Mortgagee Letter also describes: Requirements for real estate agents and brokers participating in PFS transactions; An initial listing period requirement for PFS transactions; Updated sample language for the PFS Addendum; Documentation requirements for verifying assets, income, and expenses; Use of the Deficit Income Test (DIT); The elimination of the financial hardship/deficit income PFS requirement for a servicemember who has received Permanent Change of Station (PCS) Orders; Validation requirements for appraisals; The criteria under which the Department will permit non-arms-length PFS transactions; and The minimum marketing period for all PFS transactions. Effective Date Mortgagees must implement the requirements in this Mortgagee Letter for all new Approvals to Participate (ATPs) no later than October 1, 2014. Affected Policy This Mortgagee Letter supersedes in its entirety Mortgagee Letter 2013-23, Updated Pre-Foreclosure Sale (PFS) and Deed in Lieu (DIL) of Foreclosure Requirements, published on July 9, 2013. The policies set forth in this Mortgagee Letter also supersede, where in conflict, Mortgagee Letters 2013- 34, 2008-43, 2002-13, and 2000-05. All other requirements of Mortgagee Letters 2008-43, 2002-13, and 2000-05 remain in effect. Priority Order If none of FHA’s loss mitigation home retention options are available or of PFS and DIL appropriate, the mortgagee must evaluate the borrower for a non-home retention option. -
Flat Fee / Limited Service Disclosure / Limitation Of
FLAT FEE / LIMITED SERVICE DISCLOSURE / LIMITATION OF LIABILITY Flat Fee Discount Realty, Real Estate Brokerage is offering a Limited Service Listing, the following services will/will not be provided: *Comparative Market Analysis (CMA) will be provided upon request. *Your property will be listed in the Multiple Listing Service (MLS) with an Exclusive Right to Sell Listing Agreement. The MLS will not allow multiple Brokers to post the same property in the MLS at the same time. You will be exclusively listed with us. *Cooperating Brokers (Realtors) have permission and authority to make appointments and ask questions directly with you. Your private contact information will be posted in the MLS for only Realtors to view using their password. Once your property is posted in the MLS system, that data automatically downloads into other Realty websites including Realtor.com. How the information is ultimately posted on other websites is beyond our control. Realtor.com (& other Real Estate websites) sell zip codes to local Buyer Representatives (Realtors) in your area, so Buyer inquiries will go directly to that Realtor. The MLS guidelines prohibit private information from being posted on their website (MLS). If a Buyer is interested in your property, the Buyer will contact their Realtor so the Realtor can use their password to look up your private contact information in the MLS. Our ultimate goal is to have Realtors help bring you a qualified Buyer. *You name the price, terms and commission; you advertise and show yourself. Obtain your own buyer and pay no selling commission. * Flat Fee Discount Realty is available to accept delivery of Offers to Purchase your property, submit Counteroffers, provide a Seller’s Closing Cost Estimate and answer any questions relating to Real Estate transactions that are presented by a Buyer’s Realtor (Selling Broker) upon request. -
Real Estate Agents Will Lose Value As Digital Peer-To-Peer Exchange Platforms Couple Exponentially with Technological Advancements by Cusumano, L
Real Estate Agents Will Lose Value as Digital Peer-to-Peer Exchange Platforms Couple Exponentially with Technological Advancements by Cusumano, L. A Thesis Submitted to REALTOR® University In Partial Fulfillment for the Degree of Master of Real Estate Professor, Dr. Sullivan April 24, 2017 Abstract As technology collides with disruptive innovation, residential buyers and sellers will no longer want or need some or all services offered by a traditional real estate brokerage. Consumers are frequently becoming self-serving as they can now find a vast amount of housing information and apps through their mobile devices. Today’s consumers are more cognizant of the fact that many brokerages throughout the US are now limiting their liabilities to protect their own company and maximize their profits through earning both sides of the commission thus eliminating undivided loyalty, protection, and full representation to the consumer. Furthermore, tech savvy buyers and sellers have watched numerous home programs and videos, have easy access to MLS and many other real estate websites, and will continually seek out money saving solutions while buying and selling their home. Like Uber and Airbnb, digital peer to peer exchange platforms coupled with built in algorithms and artificial intelligence will gain allegiance among future home buyers and sellers, thus creating new real estate models and fewer agents in the industry. Keywords: algorithms, artificial intelligence, augmented reality, autonomous vehicles, buyer agent, designated agency, drones, dual agency, exclusive buyer agent, facilitator, FSBO, for sale by owner, listing agent, peer-to-peer, transaction brokerage, single agent, Uber, virtual reality, wearable technology. i Table of Contents Abstract. -
Tomorrow's Technology
APRIL 2013 The Official Monthly Publication of the Sarasota Association of Realtors® Tomorrow’s Technology Page 6 MFRMLS DUES SAR Opening New Headquarters On April 22nd! See Page 5 See Page 14 DEADLINE MAY 15 DRH West of Trail for SAR.pdf 1 3/6/2013 4:40:51 PM THE LIFESTYLE YOU DESERVE. THE QUALITY YOU DESIRE. D.R. Horton Homes Now Building West of the Trail! Dunwoody Trail Kitchen It’s time for a fresh start in a place that has everything your clients want, right where they want to be. And with world-class amenities, custom designer options and quality, built solid block wall construction, at DiVosta yourC clients will discover everything they’ve been waiting for. M Y Oering Brand New Homes and Amazing Value CM Schedule a visit and register your clients today. MY West of the Trail from the $500s*... CY CMY K Grove Street Conveniently located to the area’s best beaches, downtown Sarasota, Bougainvillea Street shopping and A-rated Schools! The Isles on Palmer Ranch IslandWalk at the West Villages SARASOTA NORTH PORT For More Details, Visit the Barcelona Model Siesta Drive From the mid $200s | 1,542 – 2,488 sq. ft. From the high $100s | 1,392 – 2,488 sq. ft. 1718 Kenilworth Street, Sarasota, 34231 3 Decorated models open daily! 5 Decorated models open daily! Beaches New floor plans now available! 2-3 bedrooms, 2-3 baths Call 941-444-7056 Jasmine Drive 3 bedrooms, 2-3 baths Resort Center with lagoon and lap pools, tennis Visit DRHorton.com/Sarasota US-41 courts, bocce ball, activity and craft rooms, fitness Kenilworth Street Village Center with heated lagoon pool, fitness center, Model Center tennis, bocce ball, activity rooms and more center, library and more 1907 Burgos Drive | Sarasota, FL 34238 13575 Salinas Street | Venice, FL 34293 Worrington Street e Nation’s #1 Builder for 10 Years in a Row** 866-210-3134 | divosta.com CGC1513647 *Home and community information, including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. -
Foreclosures at Rock-Bottom Prices
The Beatty McGovern Team of Keller Williams Realty Page 1 of 4 License or reprint this article Foreclosures at Rock-Bottom Prices Opportunity knocks for buyers who aren't put off by legal squabbling and potential delays. By Pat Mertz Esswein From Kiplinger's Personal Finance magazine, February 2011 When we wrote about Kerry Deland in the Bank Foreclosure Listings RealtyStore.com/Bank-Foreclosures January issue, she was stuck in limbo by Bank Foreclosures Sell At Up To 50% Off! Sign "foreclosure-gate" (see When Home Prices Will Up & Search For Only $1. Head Up ). Last August, Deland, of St. Cloud, Recommended Download www.PCTools.com Fla., finally nabbed her dream home -- a bank- owned foreclosure with three bedrooms, two Free Registry Scan, Fix Errors & Improve Performance - 5 Star Rated baths and five acres of land for her horse -- for an easy-to-take $111,900. But her closing was First Time Home Loans HomeFinanceofAmerica.com delayed in October after the seller, Fannie Mae, Get Discounts and Quick Approvals Good temporarily put all of its foreclosure properties Credit Only. Apply Online Now! on hold. See Foreclosure Listings ForeclosedRealEstate.Reply.com Deland patiently waited out the scare. By late View All Foreclosed Real Estate. Get Low November, as all 50 state attorneys general Prices on Foreclosed Homes. continued their investigation of so-called robo- signers and the process used to repossess many homes, Fannie Mae -- as well as Freddie Mac, Ally Financial, Bank of America and JPMorgan Chase -- lifted the freeze. Deland's contract was extended to December 30, and she lined up an appraisal, a home inspection and homeowners insurance.