Auckland council, BNZ strike loan deal
The Auckland City Council has finalised a $ 600 million syndicated loan facility with a syndicate of banks led by the BNZ.
Read more on Timaru Herald

XCounter AB – Proposed Placing of New Ordinary Shares
XCounter AB – Proposed Placing of New Ordinary Shares
Read more on AFX CNF Finance Regulatory News via Yahoo! UK & Ireland Finance

Former staff discuss Arrow
Three days before Christmas a year ago, Arrow Trucking Inc., the 61-year-old Tulsa-based flatbed carrier, shut down its operations and set in motion a series of events that altered the lives of hundreds …
Read more on Tulsa World

Former staff discuss Arrow
Three days before Christmas a year ago, Arrow Trucking Inc., the 61-year-old Tulsa-based flatbed carrier, shut down its operations and set in motion a series of events that altered the lives of hundreds …
Read more on Tulsa World

Print industry news roundup
Stay up-to-date with your procurement supply chain thanks to print industry news at your fingertips. This week: Nampak Cartons sold; John Watson hits out at RBS lack of funding; Mailcom (UK) in administration; Synergie Group completes £1m spree; De La Rue appoints new boss.
Read more on PrintWeek

Question by Michael: Can anyone explain why “transactional funding” would be needed…..?
I’m in California and I’m referring to wholesaling properties…..finding undervalued properties, getting it under contract and then assigning it to someone else to purchase.

Best answer:

Answer by dusty_titus
Transactional funding would be needed to swing the deal – “show them the money!”

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Enforcement and deportation costs skyrocket
It would cost each U.S. taxpayer about $ 500 to deport all 11.1 million immigrants estimated to be living here without permission. On average, each deportation cost taxpayers more than $ 6,000 in 2010, according to Immigration and Customs Enforcement budget numbers.
Read more on The Columbus Dispatch

New incoming chamber board biographies
David Peters is the President and CMO of Net Point Marketing LLC, a national Search Engine Marketing (SEO/SEM), Website Design and Web Strategy Consulting Firm.
Read more on This Week Upper Arlington

WL entrepreneur finds startups addictive
For more than 10 years, Eric Davis has been an entrepreneur.
Read more on Journal & Courier

Social networks meant for social good, but at a price
During the past year or so, there has been an explosion of online intermediaries promising to help nonprofit groups raise money and awareness.
Read more on Hamilton Spectator

Question by parafly9: How many short sales occur every year in the united states?
How many short sales of properties occur every year in the United States? Historical data would be awesome too. I’m having a hard time finding this information.

Best answer:

Answer by dusty_titus
Plenty of info – just google “short sale”

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Question by Fabio G: Short Sales?
who knows any details on how to make a short sale ? I have properties that I can get cash out from to purchase other properties during this decline in property values and I heard about shor sales but have no idea as to the details if you know I would appreciate it
Thank you

Best answer:

Answer by Gene and Allum
Short Sales are when the mortgage company allows you to sell the property for less then is owed. This is an approved program thru the mortgage company. So, you will need to contact them in order to qualify. You can not just sell the house less then what is owed w/o mortgage company approval.

Seek out a licensed realtor that knows the process. this is also a normal requirement. The home usually has to be listed (w/a realtor) at fair market value for at least 90 days before they will consider a short sale.

In addition, you can not sell a home to a relative thru short sale.

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Sales stall for world’s cheapest car
India’s launch of the world’s cheapest car, the Nano, was expected to create a vast new market segment in the nation of 1.2 billion people, but reality has fallen short of expectations.
Read more on AFP via Yahoo! News

Cal-Maine misses on feed prices
The egg supplier’s Q2 EPS fell 6% to 63 cents, 9 cents short of views, as higher feed prices hurt profit and a nationwide egg recall muted demand. Sales edged up 2% to $ 234.5 mil, above estimates of $ 231.1 mil. Cal-Maine (NMS:CALM) sees supply and demand for corn and soybean feed pointing to tight supplies throughout the next year. Egg supplies are flat, but the chick hatch suggests higher …
Read more on Investor’s Business Daily via Yahoo! News

Short sales on the rise in Northeast Ohio
CLEVELAND — The real-estate transactions known as short sales are on the rise in Northeast Ohio where analysts call them the lesser of two evils compared to foreclosure. Short sales, in which a mortgage-holder agrees to accept less than the unpaid balance on a loan, accounted for nearly 6 percent of all home sales in September, [...]
Read more on The Medina County Gazette

‘Short sales’ house sales rising in northeast Ohio
CLEVELAND — The real-estate transactions known as short sales are on the rise in northeast Ohio where analysts call them the lesser of two evils compared to foreclosure.
Read more on Lancaster Eagle-Gazette

“Short sales” house sales rising in northeast Ohio
CLEVELAND (AP) – The real-estate transactions known as short sales are on the rise in northeast Ohio where analysts call them the lesser of 2 evils compared to foreclosure.
Read more on WFMJ Youngstown

Question by Phil B.: Can we have a savings account if we are trying to short sale our home?
We cashed in our retirement funds in an effort to stay afloat. Instead its turning to be just a bandaid for the problem. people consulting us have said that we should stop paying our mortgage . Our lender wont work with us till we are deliquent. We have listed the home, and wish to save some money but, can we have a savings account if we are planning to short sale the home?

Best answer:

Answer by glenn
i have seen a lot of people be able to keep their retirement accounts but not savings accounts. And those consultants are right. The mortgage companies only agree to a short sale if they think it is in their best interest- so if you are not behind in your payments they are not normally interested in talking a bout a short sale.

What do you think? Answer below!

Question by Jeff S: I want to charge clients a fee for short sales. I have access to funding through investors?

http://www.reiclub.com/forums/index.php?board=29;action=display;threadid=13356

The company name is reifortunes.com and they are offering 2% on flipping properties. I would like to be in the middle and make a fee from seller to investor who also wants to flip.

Best answer:

Answer by I Buy And Sell Houses
Not sure what your question is.

If the question is how much to charge for facilitating short sales, are you prepared for all the time and effort it takes to do so? There are a couple of different models out there. A lot of them use a fee of $ 3,000-$ 5,000.

The link you provided to reiclub is an old thread about a real estate “guru” and whether his course is any good. It doesn’t appear related to serving as a intermediary in short sales.

The group reifortunates may or may not be legit. There are plenty of “dash for cash” companies out there that simply lend money for same day closing. This group appears to be more of a multi-level marketing set-up. I’ve gotten a number of pre-approval letters from different cash groups without paying at all.

If all you want to do is make a fee from a seller to an investor, then become a wholesaler. That’s simple and doesn’t cost anything.

Hope that helps.

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