Posts Tagged “closing”
Dec
30
2011
 
Is it common for short sales to close WITHOUT a seller’s contribution for CLOSING costs?Posted by Usual in Short Sales, tags: close, closing, common, Contribution, costs, Sales, Sellers, Short, withoutI understand that 3% or 6% is the standard seller’s contribution. If a seller agrees to this contribution, can their lender still decline? Ie, Can their lender offer 0% contribution towards closing costs?
Nov
06
2011
How long do short sales take from beginning to closing date?Posted by Usual in Short Sales, tags: beginning, closing, date, From, long, Sales, Short, takeIt’s been 65 days and still no answer. I have been told it’s in the last step.
Apr
28
2011
Do lenders typically pay closing costs in short sales?Posted by Usual in Short Sales, tags: closing, costs, Lenders, Sales, Short, typicallyI currently have a bid in on a short sale for 150,000 with the seller to pay 5,000 to closing costs. It has been a few weeks now and still no answer. I was thinking of raising my offer to 158,000 with the seller paying 2,000 to closing costs. The house is listed at 174,000. The realtor says I should try going up by 5,000 but I really like the house. Do you think they take this offer?
Apr
11
2011
Closing And Funding Short Sale Deals With Transactional FundingPosted by Usual in Lender Approved Short Sales, tags: closing, Deals, Funding, Sale, Short, TransactionalClosing And Funding Short Sale Deals With Transactional Funding Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > Closing And Funding Short Sale Deals With Transactional Funding Closing And Funding Short Sale Deals With Transactional Funding Posted: Sep 29, 2008 |Comments: 0 ]]> If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals. In the past, plenty of hard money options, along with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage fraud, and tighter restrictions with lenders and title companies, closing short sales isn’t as easy as it used to be. However, there is still one very simple and easy way to close your short sale transactions without using double closings, hard money, simultaneous closings, or even the over complex land trusts. That method is using back-to-back closings to get all of your short sale deals closed and funded on time. Back to back closings take a short sale deal and turn it into two separate and distinct transactions. The first transaction is the homeowner facing foreclosure selling to the preforeclosure investor. The second transaction is the real estate investor then selling the property to the end retail buyer. However, even if you are using a back to back closing, and your end retails buyer has secured their funds, what makes this work is that you need to secure your own funding, as the real estate investor. So where do you get this funding of your deals? This is often called transactional funding, and today, there are many lenders making these types of loans. Lenders love transactional funding, because they are only lending for a period of a few hours. With the end buyer’s loan already approved and in place, two separate and distinct transactions take place on the closing day. The first is the investor purchasing the short sale deal from the distressed homeowner. This is funded by the transactional funding company. Immediately after this transaction has closed, the investor is then turning around and immediately selling the property to the end buyer. The end buyer is using funds obtained by him through a traditional loan, or cash. Most conventional lenders today won’t have any issue funding these loans. The only such exception are FHA loans, which at the time of writing this article, have a 90 day seasoning requirement. However, as the real estate market changes, and the housing market remains volatile, it is very possible that the FHA might change its guidelines. Transactional funding is the perfect way for preforeclosure investors to fund their short sale deals in today’s foreclosure ridden market. There are plenty of choices for funding companies, all willing to fund these simple, easy short sale transactions. Retrieved from “http://www.articlesbase.com/advertising-articles/closing-and-funding-short-sale-deals-with-transactional-funding-582686.html” (ArticlesBase SC #582686) Watch your traffic increase just by submitting articles with us, click here to get started. Terry Wygal - Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee. ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Article Tags: Latest Real Estate Articles
Business and sales tips and ideas | How to overcome objections and close sales. (01:28)
I want to think about it - this is the most common objection we face when closing - learn the response in this video. Business and sales tips and ideas | Sales closes and overcoming objections. (01:33)
No matter who you’re selling to, or what you’re selling, every sales professional is looking for the right formula to close the sale. Learn How to Close a Deal Quickly and Effiecently. (03:18)
Business and sales tips and ideas | Sales closes and overcoming objections Sales tips (02:23)
Business tips and ideas | Effective priority techniques for sales and communication. How to ask open and closed questions. (01:30) This article will direct you to sources that will provide funding for REO and foreclosure acquisitions. This is the latest technique being used by investors to take advantage of the recent foreclosure boon. Finance> Closing Short Sale Deals With Back to Back Closings and Option Agreements If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals.
By: Finance> Short Sale Deals With Transactional Funding If you’re a preforeclosure investor, with the tightening credit markets, you haven’t any doubt noticed how much more difficult it is today to close short sale deals. In the past, plenty of hard money options, together with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage crime, and tighter limitations with lenders and title corporations, closing short sales isn’t as straightforward as it used to be. By: Finance> Buying Houses Subject To The Existing Mortgage Is Highly Profitable If you’re looking for the way to make the most of your real estate business, buying subject is the way to do it. The method of buying will creat more wealth that any I have ever seen. By: Writing> Investing in Playa del Carmen Villas – Mexico’s Economic Factors If you are thinking of buying a Playa del Carmen villa in a new, up-and-coming gated community area, you will happy to know that Mexico’s current economic factors point to a very good potential on the investment side of things as well. By: Finance> Cheap Mexico Beachfront Lot Investment & Mexico’s Growing Economy When buyers consider the cheap Mexico beachfront lots available in new areas like Campeche on the Gulf coast of the Yucatan peninsula, some buyers may wonder if they are a solid investment choice. Mexico’s current economic situation would suggest that they are. By: Finance> Mexico Real Estate – Cozumel Receives New Promenade One of the key factors benefiting Mexico real estate has been investment into tourist-oriented improvements. This point has recently been demonstrated by the investment put into creating the new pedestrian walkway area on the north end of Cozumel. By: Finance> Yucatan Real Estate – State Invests Over 2 Million USD in New Roads Within Mexico, Yucatan real estate has been one of the markets to most benefit from recently growing tourism, and part of this benefit is increased investment from the government to build new roads, providing access to new Mexico property options. By: Finance> Puerto Vallarta Real Estate & Mexico’s Growing Tourism For those considering Puerto Vallarta retirement, the constant investment coming to Puerto Vallarta from the tourism industry bring many lifestyle benefits. One recent fact which has demonstrated this is the growing investment into the hotel industry. By: Finance> What Are My Options in Mexico Golf Course Real Estate? As golf emerges as a major sport and tourist activity in Mexico, Mexico golf course real estate has also been emerging as one of the best options offering an exclusive lifestyle; golf is not only an activity option, but the center of an entire warm-weather lifestyle. By: Finance> Investing in Playa del Carmen Land is Tourism Grows – Your Broker For those interested in investing in Playa del Carmen land for sale, the goverment’s commitment to promoting tourism growth is excellent news, and can be best taken advantage of through the expert advice of a qualified Playa del Carmen Realtor. By: Finance> Playa del Carmen Retirement; Area Healthcare Developing Playa del Carmen properties are becoming more attractive for retirees, as the area begins to develop its healthcare facilities to a greater extent. By: Finance> Your home could be your biggest asset. Make sure you are equipped with the things you need to know before buying a house in Austin Texas. Here are some tips and guide that every first time home buyer should know. By: Finance> Critical Mistakes That Real Estate Investors Make in Short Sales If you are looking forward to make money with short sale in real estate, it is crucial that you understand how to complete a short sale in the easiest, safest and profitable way. In order to be successful in this venture you must look out the critical mistakes that most of those who fail have committed while doing short sales. By: Finance> Mistakes Real Estate Investors Make in Short Sales There are various mistakes that real estate investors make when doing short sales. And if you are just starting out or looking for some ways to make money in short sales then it’s time you learn and know these pitfalls to help avoid losing money in short sales. By: Finance> How to Avoid Losing Money in Short Sales Short sale experts reveal the necessary information to shorten the process and to help you avoid losing money in short sales. Learn how to avoid losing money in short sales through comprehensive short sale training. By: Finance> How Not to Lose Money in Short Sales In today’s real estate market, making money with short sales is as much as part of investing, as any other part of the business. A real estate investing training will provide you information on how to negotiate deals, how to properly process leads, and how to get the properties sold for a profit. By: Finance> How to Make Money with Short Sales Are you a real estate investor looking to earn more money through short sales? Here’s what you need to know in order to expand your horizons and of course your profits as a real estate investor. By: Finance> Mistakes in Selling A House Part 2 Here are some of the biggest mistakes distressed homeowners make when selling their home. Also, learn the foolproof home-selling maneuvers that will get you the highest sticker cost for your house. By: Finance> Mistakes in Selling A House Part 1 Perhaps you have an adjustable rate loan that is just about to skyrocket, or maybe you just got a new job in other city. That is why you may need to sell your house and you need to do it quick. Whatever the reason, don’t rush things.This may not be the best time to get rid of your house, but some options are possible. Be sure to watch out and avoid the risky deals before making any decision. Here are few of the biggest mistakes struggling homeowners do when selling their home. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Terry Wygal has 78 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee.
Apr
10
2011
Closing a Short Sale: Tips on How to Make it HappenPosted by Usual in Lender Approved Short Sales, tags: closing, happen, Sale, Short, TIPSClosing a Short Sale: Tips on How to Make it Happen Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > Closing a Short Sale: Tips on How to Make it Happen Closing a Short Sale: Tips on How to Make it Happen Posted: Jul 22, 2009 |Comments: 0 ]]> Stopping foreclosure can be done through short sale. However, this is not an easy process. Homeowners need to be qualified by the bank before it can be granted. For someone who is on the verge of foreclosure, certain things need to be proved so that banks will grant such request. This is why it is long and a hard process because banks can be thorough in their evaluation. However, this does not mean that closing short sale is not possible. There are certain things that need to be presented to the bank. They will study these materials before granting your request to prove your inability to pay. Here are some of the documents needed: The cover letter- This is where you state your request for short sale and why you need to undergo such process. Hardship Letters- This document explains why you are not able to make the payment required to pay-off the loan. Authorization Letter- this document allows the lender to talk to the people who have interest on your loan. Estimations- This should reflect the expected net amount your will receive after selling your property. The cost of selling should also be properly disclosed. Financial report about income and assets- Any asset and income should be disclosed properly and you must not falsify any of these for the sake of approval. Bank Statements- To reflect any cash outflows and inflows from your savings and checking accounts. Report containing low comparable sales- This proves that your house value is dropping. Listing agreement- This proves that you have worked with a real estate agent and agreed to put it up for open listing, exclusive agency listing or exclusive right-to-sell listing. Sale contract or purchase agreement- This proves that you already have a buyer. In here, the offer made by the buyer should be disclosed.
Submitting these things is not enough to close the deal. You have to go an extra mile to let the lender understand how much you badly need the short sale. Here are additional tips to secure the closing: When you talk to the short sale person-in charge, you need to be nice and humble. Be open and give factual answers. Speak only of the truth. Make your short sale offer and other documents (especially the comparable market analysis) thorough so that they will not have further questions that could delay the approval. Take care of your buyer and make sure they will not back out. Be open to them and let them know about the agreements concerning the closing cost. Ensure to give the saddest statements in your letter of hardship. Make sure the reason falls on what is defined as hardship namely: divorce, death, serious illness and bankruptcy. Be ready with photos and other details to back up why your house has fallen below the market value.
Closing a short sale is a difficult process. However, if you possess good convincing skills, the whole process becomes easy. Retrieved from “http://www.articlesbase.com/real-estate-articles/closing-a-short-sale-tips-on-how-to-make-it-happen-1060278.html” (ArticlesBase SC #1060278) Watch your traffic increase just by submitting articles with us, click here to get started. Katrina - Are you looking for the great short sale properties? Visit these sites Chandler Homes, Short Sale Homes for Sale in Chandler and Foreclosed Homes for Sale in Chandler ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Article Tags: Latest Real Estate Articles
short sale timing, buying a short sale, foreclosure timing. (03:58)
Learn how to sell a home in a short sale in this video from experienced realtors and mortgage brokers. (02:54)
Short Sale Secrets Clip 2
Learn what foreclose means and what you can do to get back on track -Learn about Short Sale? (00:42)
Learn how to: Bill and Dwan Twyford discuss the details of the short sale and offer many other options for investors to use when assisting the homeowner in the beginning stages of foreclosure. A.D. Kessler’s Real Estate Roundtable #357 Clip 3 from Creative Real Estate Magazine at www.cremag.com. (01:04) How a Real Estate Short Sale Really Works Understanding the complexities of foreclosure and the option of completing a short sales is truly the only way you can feel comfortable about making important decisions. From who should handle your negotiations, processes, lender actions to tax implications, a complete explanation of how short sales work is available here… By: An Introduction to Real Estate Short Sale Hardship Requirements Onces again Sternberg brings a no nonsense approach to this real estate subject. Another “must read” by this thirty year veteran. By: The Real Estate Short Sale Dilemma Homeowners who do a “Short Sale” of their home, can be in for a nasty surprise with a deficiency judgment. This Article shows what to do. By: Finance> Short Sale Real Estate: Tips for Selling Your House for Less than Is Owed Short sale real estate references selling property for less than the balance owed on the mortgage loan. This type of transaction is occasionally offered to borrowers who have become delinquent on their home loan and can no longer afford mortgage payments. By: Finance> Short Sales: Selling Your House for Less than You Owe Short sales are sometimes available to borrowers who are delinquent on their mortgage note agreement, but not yet entered into foreclosure. The term, ’short sale’, literally means lenders will accept less than the balance owed. By: Finance> Hire Experienced Northern Virginia Real Estate Agent To Sell Home In Down Market With recession setting in, a lot of people are looking to sell their homes and move to smaller living quarters. By: Finance> If you have a house for sale in New Zealand, or indeed anywhere, you may be wondering what is the best method of sale for me and my property in the current economic market? The answer is simple. Auctions. By: Finance> HAFA Short Sale Eligibility Requirements Short sale eligibility varies by lender and often leaves homeowners confused about available options. Borrowers who can no longer afford to maintain loan installments or owe more than their home is worth may find short selling the best available option. By: Finance> Vancouver Real Estate Breaks Ground for Chinese Immigrants Canada is a beautiful country with plenty of mountains, rivers, lakes, streams and land for everyone to enjoy. However, what keeps immigrants coming to Canada is the medical program offered and the chance to own some of the world’s most beautiful real estate. They want to own their own dream home and some of the finest cities such as Vancouver, Montreal, Ottawa, Alberta and Toronto offers exclusive access to prime real estate. By: Finance> How could Waterloo be a more appropriate location for your staff? If you are thinking about moving to a new office then you might have already thought that Waterloo could be a viable option as a location for your company. By: Finance> How is Westminister the ideal location for your new company premises? You could be visiting many different sites for the location of your new office, as well as Westminister. If this sounds familiar then you may be interested in finding out what Westminister can offer and why it would be a good location for your company. By: Finance> How to Not Sell Your Home in Miami You’ve listed your home for sale, you have a Buyer and now their Inspector is performing an inspection. You think you have a pretty good home, but do you really know for sure? What is he finding? Why is it taking so long? Here are 3 deal killers to watch out for when selling your home. By: Finance> Interior Design Tips to Sell Your Home Fast New concepts in Interior Design are helping home sellers net more money in today’s competitive Miami real estate market. Therefore, it’s worthwhile to spend time planning the changes that will help your home sell for the highest price. By: Finance> Making Your Home Ready for Selling A buyer can often receive a premium for their home if it is sold in pristine, move-right-in condition. Deciding to sell your home is just the first step; you must then make it ready for sale. By: Finance> Searching For the Perfect Location When Buying Properties At Estes Park Homes for Sale Information about searching for the perfect location when buying properties at Estes Park Homes for Sale, Suggestions for home buyers who wants to purchase properties in Estes Park. By: Finance> Weighing Issues in Your Thoughts Just before Buying Estes Park Homes for Sale Important things to know about to weigh things in your mind before buying Estes Park homes for sale, Hints and Cues for home buyers who are looking for properties in Estes Park. By: Finance> Purchasing your First Home: Knowing the Perfect Time to Make the Purchase If you are planning to buy your homes, it is very important that you know the perfect timing of making the purchase. If you want to know the perfect time for you to buy yours, here are some of the signs… By: Finance> How to Reduce Stress in Your New Home Moving to a new home is a very stressful activity. Imagine, you have to pack your things, move them from one place to another and set them up to your new place. If you have much stuff, it will probably take days before you could fully set-up the house. By: Finance> Home Security: Your Practical Options Home security is fairly one of the most important things to consider in home management. It is not a difficult goal. In fact, it is east to achieve and one does not need fancy security gadgets to make it achievable. Any homeowner has an option to make his or her own home a better place even without having to spend a lot for security. By: Finance> Things to Do in Order to Have A Great Relocation Everybody wants to have a great relocation process. However, there is no guarantee of the perfect move. In reality, relocating has many challenges. It does not only cover problems related to packing, transfer and setting-up the new place. Problems involved in this situation encompasses more than the physical aspect. It involves mental and psychological issues. And if you are the reason for the whole family to relocate, you need to address these concerns. This is most especially true if you have By: Finance> Eco-Friendly Features: Things You Should be Seeking for If you are currently shopping for homes, then you should include eco-friendly homes in your list. Eco-friendly properties have enormous benefits for you. That is why you should be seriously considering them as an option. By: Finance> Keeping Your Home Free of Toxic Mold A house can be easily degraded with the presence of molds. If you look at them, they just seem to look like a cottony patch sticking on your wall: harmless and small. However, when left unattended, they could multiply easily. Hence, destroying the aesthetic value of your homes and weakening the structures. Prevention is always better than cure. Read this article to learn more about how to protect your homes from molds. By: Finance> The Use of Home Inspections in the Purchase Process There are many homes in the market and all of them can be very pretty. Naturally, if the house is beautiful, you will be drawn to want to buy the property. If your mortgage and your funds could cover for the purchase cost, you will definitely jump into it. However, one thing you should know is that not all good homes are also of good quality. The beauty that you see may just be a front. That is why home inspection has become an integral part of home buying. By: Finance> Certain things can be beyond your control. How other people behave is not something you can manipulate. So if you want to keep your homes safe against bad people, you have no choice but to protect your home against them. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Katrina has 193 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Are you looking for the great short sale properties? Visit these sites Chandler Homes, Short Sale Homes for Sale in Chandler and Foreclosed Homes for Sale in Chandler
Mar
22
2011
Does “3% in closing cost help” mean 3% of the property sale value?Posted by Usual in Bank approved short sales, tags: closing, Cost, Help, mean, Property, Sale, valueHello, A property I am looking at that is an approved short sale says the bank will provide 3% in closing cost help. Is that 3% of the sale price? (Ex: a $200,000 sale would mean $6k in help) Or 3% of the closing costs? (Ex: $10,000 closing costs, thus $300 in help)
Mar
06
2011
All About Closing a Short SalePosted by Usual in Lender Approved Short Sales, tags: about, closing, Sale, ShortAll About Closing a Short Sale Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > All About Closing a Short Sale All About Closing a Short Sale Posted: Dec 09, 2009 |Comments: 0 ]]> Homeowners have a way to save their property from being foreclosed. This is through entering a short sale. On the other hand, this process is not that easy. Even those who experienced this transaction claim that it is equally hard to close just alike foreclosure deals. This is because there are many responsibilities and financial liabilities involved for all the participants of the deal. Firstly, one must understand how the short sale works. This is a preferable option for homeowners with outstanding loan balance. He could appeal to his lender to discount his balance and allow the property to be put on the market under short sale category. The lender then has control over the proceeds of the sale. The stages of the transaction seem very simple, but there are further intricacies along the way. The first difficulty comes in even during the initial steps. The waiting period may take a long time before the lender finally approves the sale proposal. There has to be intensive loss mitigation and repetitive document submission that the lending institution requires. The repetitive document requests asked by the bank massively affect the quick closing of a short sale. In some cases, documents passed earlier may be requested to be re-submitted if there are any further legality issues occurring. Another situation is that miscommunication took place between the agent and the lender. It is also possible that there is no document actually received. These scenarios should serve as a warning that you, the seller, must have an efficient agent. Upon hiring one, you must look into his experience. It would be preferable if he has extensive background in the field of handling short sales. He can oversee the developments of the transaction, submission of required statements like tax returns, certificate of employment or credit reports, screening buyer offers and negotiating with the lender. Thus, closing the deal could be faster. If you are a buyer of this kind of property, preparedness and ample amount of finances are your best tools to succeed in this deal. On the other hand, you cannot entirely hope that you would win the deal. In some cases when the seller prefers a certain offer, the lender does not automatically choose it too. The lender thoroughly deliberates each and every offer, which further stalls reaching the end of the transaction. But if you get to win the deal, you have to be ready to shoulder expenses other than paying for the home price. Financing the closing costs is one task you need to concentrate on. As the short-sale property may be sold “as is”, expect that there would be a need for a home inspection. Since the lender is already minimizing its losses, the expenditure for this task would be delegated to you. When damages are found, you have to spend for the repairs or replacements. However, properly discussing with the lender or seller to split the costs can save you a few bucks. For the seller and buyer, patience is the dominating virtue here. Both should be equipped for the lengthy time the process may take. Each step takes rigorous deliberation before any final decision is reached. For example, it takes 2 to 3 months before an offer from a buyer is finally selected. In addition, all deal participants must stay flexible to changes so everything else would be less stressful. Say, the homeowner has to expect that the house will never be priced more than its value when it was bought initially. As for the other party, anticipate that there are other competitive offers, thus, making an attractive offer is of main priority. Both ends of the deal may feel exhausted towards the conclusion of the transaction. But once all details fall into place, everyone then can enjoy a profitable arrangement. Retrieved from “http://www.articlesbase.com/real-estate-articles/all-about-closing-a-short-sale-1560336.html” (ArticlesBase SC #1560336) Watch your traffic increase just by submitting articles with us, click here to get started. Marikor Hidalgo - The Real estate market can be an enjoyable, satisfying and lucrative experience for you. Whether you are a homeowner, a buyer, a landlord or simply a real estate enthusiast, get to know more about the latest in the real estate market now. Read more about it here: Phoenix Homes in Foreclosure, Phoenix Short Sale Real Estate and Phoenix 4-Bedroom Homes. ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Source: http://www.articlesbase.com/real-estate-articles/all-about-closing-a-short-sale-1560336.html Article Tags: Latest Real Estate Articles
short sale timing, buying a short sale, foreclosure timing. (03:58)
Short Sale Secrets Clip 2
Learn how to sell a home in a short sale in this video from experienced realtors and mortgage brokers. (02:54)
Learn what foreclose means and what you can do to get back on track -Learn about Short Sale? (00:42)
Learn how to: Bill and Dwan Twyford discuss the details of the short sale and offer many other options for investors to use when assisting the homeowner in the beginning stages of foreclosure. A.D. Kessler’s Real Estate Roundtable #357 Clip 3 from Creative Real Estate Magazine at www.cremag.com. (01:04) Successful Short Sale Closing: Seasoning Issues – No Problem! Many real estate investors would love to buy foreclosed homes cheap, fix them up, and sell for a profit; others want to buy and sell the same day. Just think, the end result could be neighborhood recovery in areas suffering the worst effects of foreclosures By: Closing short sales can be very exhaustive and straining on your nerves, as it needs not only financial decisions, but also has a great deal of embarrassment and emotional issues attached to it. You and your family will have to go through a lot of problems as you close the deal. It is therefore very important that you be as prepared as you can be, in order to reduce the hassles concerned with a short sale and close the deal as quickly as possible. By: Finance> Top Ten Reasons Real Estate Agents Avoid Short Sales - Short Sales Success Short Sales are frustrating. This is a fact. After helping hundreds of real estate agents analyze and close their short sale deals, WHB Solutions has always asked why, without our help, they would avoid short sales. Many of the answers that come back were consistent with what all real estate professionals have been experiencing with short sales. The main difference in why they decided to pursue short sales was because they discovered WHB Solutions. By: Finance> Short Sales: How Long Do They Take? - A Common Short Sale Question Homeowners and Realtors alike have a lot of questions when it comes to short sales. One of the most common is, “How long do they take?” There are many things that can cause delays and we address a few of them in this article. By: Ever wondered about buying a short sale? Not a property already foreclosed on and owned by the bank - a short sale. Find out how long a short sale usually takes, what to except, and a brief overview of the process. By: Business> Top 7 Sources for Short Sale Opportunities - Short Sale Education Are you looking to increase your short sale opportunities? If you are, you are doing the right thing as short sales are expected to be around until 2015. By: Marketing> A short sale negotiator is a person hired by a home seller to facilitate a short sale between the seller and their lender. A short sale means that the lender is willing to accept less than the amount owed on the loan so the owner may sell without equity. By: Finance> Short Sale San Antonio: How to Price It? Short sales close at an alarmingly low rate. Some of the issues in today’s market with short sales is the competition from bank owned property and buyer frustration. It’s also extremely difficult to determine fair market value on a short sale because of issues that drive down the value of all short sales. By: Finance> The real estate market is not always constant. It is always fluctuating, going up or going down, which mainly affects both the real estate agency as well as the buyers. Find some great information about real estate agents. By: Finance> First Time Home Buyers - Look For Santa Barbara Real Estate Buying a home is actually a dream come true for most of us. It is a piece of land or property that we can call our own, and something that actually increases in value over the years. Santa Barbara is a great place to own your dream home. By: Finance> Foreclosure Profits Now Review - Foreclosure Profits Now Bonus Foreclosure Profits Now - Cash in your Pocket in thirty Days may be the identify of this item. Right within the title they give a extremely daring assure that assists you measure your achievement. In thirty days possibly you do not have income in your pocket. What does this inform you? Perhaps it does not perform or much more probably possibly you simply do not possess the thoughts set to commit to it right now. By: Finance> In today’s business world where concepts are changing with the idea of globalization serviced and virtual offices are fast becoming the need of the time. As for example if you are a multinational willing to make your presence felt in Lebanon all you have to do is hire a professional and mailing address Lebanon and get on with your work. Similarly offices are available in the Middle East with reasonable office rental, Qatar and Dubai Virtual offices are also available easily. By: Finance> Are you Ready to Sell your Home FSBO? Flat Fee MLS Listing has become a popular concept as more sellers are looking to save money on realtor costs. Dallas Flat Fee MLS Listings allow a seller to list their home on the multiple listing service By: Finance> The Neighborhoods of Coppell, Texas Located in the highly desirable Dallas County, Coppell enjoys a close proximity to the Las Colinas Business Center, the Dallas-Fort Worth International Airport, downtown Dallas and downtown Fort Worth. By: Finance> 6 Popular Commercial Office Buildings in Sundance Squar We love Sundance Square for so many reasons. The turn-of-the-century buildings and brick streets and sidewalks lend themselves to the area’s lovely By: Finance> How to Choose Dallas Apartments for Rent: 4 Stylish Options If you are an apartment seeker looking at Dallas apartments for rent you no doubt have been blown away at the superb apartment offerings found throughout Dallas. In short, there is nothing subpar about Dallas apartments for rent. By: Finance> What to Do with Home Appraisal – Guide for Real Property Investment Venturing in the real estate industry is no piece of cake with all the complexities and requirements you are obliged to comply with in the process of your investment. However the good thing about it is that you have innumerable sources of help and assistance in order to make it big in this business. By: Finance> Making a Low-ball Offer Work for your Advantage Low-ball offer is a common trend for home purchase especially if you are dealing with a market that is more favorable to buyers rather than the home seller. This is quite a pattern in the present real estate industry especially given the pressing economic and financial distress affecting global economies and sectors. By: Finance> Prepare Your Home and Family For Natural Disasters The world today has changed massively in multitude of ways. The most noticeable among these changes is the evident environmental degradation. Global warming has gravely affected weather conditions. There have been numerous reports of wildfires caused by extreme heat, devastating typhoons, storms, hurricanes and earthquakes. Millions of lives have been taken over by these natural disasters. Preparing your home and family is crucial so you can be shunned away from experiencing grave casualties. By: Finance> Top Reasons Why Your House Is Not Selling As the old adage goes, ignorance is a bliss. But in the case of the real estate world, this is not acceptable. Knowing how to deal with real estate transactions is a must. Especially if you are selling a home, it is crucial to be familiarized how you can effectively handle this task. If your property has stayed too long in the market, it is now time to go retrace your steps and see where the failure can be rooted from. By: Finance> Home Inspections – Indispensable Key to Successful Real Estate Deals Due to the unfortunately redundant reports of fraudulent real estate transactions, a noticeably large population of home buyers has lost faith in purchasing properties. As a result of the scarcity of buyers, most home sellers have been enforced to settle on purchase offers way below than what they have expected. A way to put back the healthy status of the buying and selling real estate markets, a simple home inspection would do the trick. By: Finance> Home Selling Guide: Understanding the Importance of Exceptional Photos For most homeowners, selling their property is perhaps one of the hardest tasks they would have to do. Before putting the home in the real estate sales market, there are a few things one has to be reminded of. Any homeowner who wants a guaranteed sale with massive profits should take on the marketing strategy of photo shooting the property. As they say, a single picture could paint a thousand words. By: Finance> What You Should Know About Short Sales That Banks Don’t Tell You There have been numerous measures taken by legislators and private organizations to pursue advancement of consumer protection in the real estate industry. A buyer or seller can also benefit from various online sources that provide guidelines in entering a particular transaction. Then again, there are some aspects that the lenders or banks themselves do not divulge to their clients. For one, there are details of short sales your lender would not tell you before or even during the transaction. By: Finance> Home Buying Pitfalls You Should Avoid Home buying is a dream endeavor for most people. It is your way to securing your family and future generations to have decent sheltering. In order to be successful at this venture, you have to be careful of your decisions. In any transaction, there are looming consequences which can lead to damaging your finances. Whether you are a first-time home buyer or looking for a new home, familiarizing yourself with common home buying mistakes can guide your decision making process. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Marikor Hidalgo has 107 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. The Real estate market can be an enjoyable, satisfying and lucrative experience for you. Whether you are a homeowner, a buyer, a landlord or simply a real estate enthusiast, get to know more about the latest in the real estate market now. Read more about it here: Phoenix Homes in Foreclosure, Phoenix Short Sale Real Estate and Phoenix 4-Bedroom Homes.
Feb
12
2011
Closing a Short Sale ? The Basic Things you need to KnowPosted by Usual in Lender Approved Short Sales, tags: Basic, closing, Know, Need, Sale, Short, ThingsClosing a Short Sale – The Basic Things you need to Know Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > Closing a Short Sale – The Basic Things you need to Know Closing a Short Sale – The Basic Things you need to Know Posted: Jul 27, 2009 |Comments: 0 ]]> For most homeowners, acquiring their own properties and homes is one of the most rewarding and greatest investments they could ever venture on. However in the midst of the current economic downturn, most homeowners are now faced with the dreadful decision of giving up their properties due to several financial crises in the form of short sales. It could be an awful situation to find yourself in, however there would be no better option to survive the economic uncertainties and its grueling effects. As a matter of fact, it is a more dignified option to take than bankruptcy and even foreclosure. How does short sale work? Simply defined, short sale is putting up your house or property in the real estate market with a much lesser worth or price than its original or actual value. There are many factors that would lead homeowners to resort to short sale, the most obvious would be unemployment and being laid off or retrenched from work among others. The inability to pay for home mortgage and other loans as well as the plunging down of the market value of their property comprises some of the most valid reasons for short sale. Other factors that would be considered in short sale are death, divorce, medical illness or other emergencies and the seller’s lack of other assets to support his payment obligations for the mortgage. This would definitely not suffice the expenses you may have incurred in purchasing the property, but it sure is a much better choice than foreclosing the property for good. What are the steps to put your homes for short sale? Even if the homeowner or seller would try to put his property under this category, it is not always ensured that the bank or lenders would approve of its sale. Thus, in order to qualify for short sale, there are first basic steps to comply with. First and foremost, the seller would sign a listing agreement for selling his property as short sale in the presence of a real estate agent and a third-party for approval of such contract. The real estate agent, preferably with experience in short sale, finds a buyer who would be interested in the transaction and make an offer which is then a lesser amount compared to the actual price of the mortgage. Basically, the seller would give his confirmation to such offer and then afterwards seconded by the lender of the seller’s property. Finally, closing the short sale would be culminated with the delivery of the funds by the buyer and the deed delivered by the seller as well as the release of the lien by the seller’s lender. Closing a short sale has very simplistic and easy steps to deal with and it seems a good and wise choice especially for home buyers. Yet for homeowners or sellers who do not really have much of a choice but to short sale their properties, the government is actually providing many regulations to help them bounce back from such turmoil and dilemma. Retrieved from “http://www.articlesbase.com/real-estate-articles/closing-a-short-sale-the-basic-things-you-need-to-know-1072370.html” (ArticlesBase SC #1072370) Watch your traffic increase just by submitting articles with us, click here to get started. Maria - More detailed information on real estate and short sales are provided in Short Sale Houses in Scottsdale and Short Sales in McCormick Ranch. You could also visit Short Sale Homes for Sale in Wittmann for more real estate ideas and options. ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Article Tags: Latest Real Estate Articles
short sale timing, buying a short sale, foreclosure timing. (03:58)
Short Sale Secrets Clip 2
Learn how to sell a home in a short sale in this video from experienced realtors and mortgage brokers. (02:54)
Learn what foreclose means and what you can do to get back on track -Learn about Short Sale? (00:42)
Learn how to: Bill and Dwan Twyford discuss the details of the short sale and offer many other options for investors to use when assisting the homeowner in the beginning stages of foreclosure. A.D. Kessler’s Real Estate Roundtable #357 Clip 3 from Creative Real Estate Magazine at www.cremag.com. (01:04) Closing Short Sale Deals With Back to Back Closings and Option Agreements If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals.
By: Finance> Investing in Short Sales – Back to Back Closings, Short Sale Funding This is a great time to buy real estate. The possibilities are endless. You can buy, fix and sell at a profit if you purchase the property at a low enough price. By: Finance> The Problems of Closing Short Sale – Significant Information for Successful Transactions The financial hazards brought about by the contemporary economic downturn resulted to so many changes and trends in many industries including the real estate sector. The difficulties encountered in dealing with the continuous impacts of the recession paved the way for home owners to resort to massive home loss and giving up their valuable properties to short sale and foreclosure. By: Finance> Closing And Funding Short Sale Deals With Transactional Funding If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals.In the past, plenty of hard money options, along with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage fraud, and tighter restrictions with lenders and title companies, closing short sales isn’t as easy as it used to be. By: Finance> Top Ten Reasons Real Estate Agents Avoid Short Sales - Short Sales Success Short Sales are frustrating. This is a fact. After helping hundreds of real estate agents analyze and close their short sale deals, WHB Solutions has always asked why, without our help, they would avoid short sales. Many of the answers that come back were consistent with what all real estate professionals have been experiencing with short sales. The main difference in why they decided to pursue short sales was because they discovered WHB Solutions. By: Finance> Closing a Short Sale: How to get a Good deal If you are a pre-foreclosure investor, with a very stiff competition, you will surely observe how extremely difficult to pursue a closed transaction on short sale houses. In the past, when times are still not that cruel, together with double closings and continuous closings made, closing short sales have been a lot easier. It is inevitable with the country’s economic turmoil; all business industries are greatly disturbed. By: Finance> Top 7 Sources for Short Sale Opportunities - Short Sale Education Are you looking to increase your short sale opportunities? If you are, you are doing the right thing as short sales are expected to be around until 2015. By: Marketing> Orange County Short Sale Realtor Market Report The real estate market here in Orange County California has undergone a large correction that beganin earnest in the summer of 2006′. Reports have shown that 1 in 5 homeowners own mroe than there home is worth, and many of those homeowenrs are having trouble with the mortgage payments due to teh recession. In decades gone by, mortgaeg banks would file a Notive of Default once a homeowner became deliqunet on their mortgage by 2 to 3 months, and then fowlow through and Foreclosrue on the home an By: Business> Real Estate: Insurance and Taxes You, as a landlord, should double-check your insurance policy’s fine print to ensure you’re covered for common tenancy mishaps. Many landlords have taken out a building policy, often called a ‘landlord’ product, and assume they’re covered, only to find out later the cover is severely limited. Standard building insurance offers some protection for landlords, but often contains clauses excluding malicious damage by a tenant, accidental damage, legal liability and cover for the loss of income. By: Finance> How To Negotiate Successfully In Real Estate Investing Making offers that get accepted is the first and most important step of real estate investing. Unless you can negotiate a price that makes you profit, you cannot succeed as a real estate investor. By: Finance> Green real estate, is it beneficial? When you heard the words “Green Real Estate or Green Homes” what comes in your mind? Property rates in Utah are growing in a very fast pace in the present time, most especially in its key cities like Salt Lake, Ogden and Roy, but eco-friendly approach was used in these buildings and homes? By: Finance> India Property - rewarding selection of Investment The population wandering to Gurgaon city is ever-increasing quickly leading to very elevated rates of Gurgaon real estate. By: Finance> St. Louis real estate - the right process for a great deal We do not make big decisions often. We therefore do not have much experience of making such decisions of great importance. By: Finance> Three, Four bedroom luxury apartments in Denver Finding a 3, 4 bedroom luxury apartments in Denver which suits you and your lifestyle can be exhausting and time consuming process. But if you hire an apartment guide from good and experienced company than it should be satisfactory and pleasant experience for you. Denver apartments are quite tedious when they are purchased instead of rented. By: Finance> Condominiums as Rental Property Anyone who knows about real estate is aware that location is a big deal. That holds true whether you talk about single-family homes or condominiums. But it is especially true if you plan to invest in a condo and rent it out to someone else. Condominiums make great rental properties, but there are some things you must keep in mind if you want to be successful. By: Finance> Ten Simple Organization Solutions For Your Condo The condominium life is one of convenience. For many people, work is nearby. Restaurants and nightclubs are within walking distance. Home maintenance is largely left to someone else. But the reality is that space often is at a premium. So unless you love living amongst clutter, organization is necessary. Here are 10 organization tips that will help you make the most of the space your condo has. By: Finance> A Useful Checklist for Finding a Good Real Estate Agent Looking for a reliable real estate agent is the first step to owning your dream house. A competent agent will help you strike the best deals on the market. Using his extensive background, he would explain to you the entire process of purchasing a new home. If you fail to find a good buyer’s agent, your chances of owning a satisfying property would be slimmer. Here are some of the qualities of a good real estate agent that you should consider before hiring one. By: Finance> Important Things You Should Know About Roof Repair Having a roof under your head is literally one of your most important basic needs. Without a well-maintained roof, you will be more exposed to dangerous elements like harmful UV rays and raging storms. You will also be in danger when tough storms come to test the quality of your home. Here are some of the things that you must remember before attempting to restore your roof by yourself. By: Finance> Understanding the Rules of Your Potential HOA in a Different Perspective Most people start complaining about the different rules implemented by their Homeowners Association without understanding how these policies could help them experience a better lifestyle.If you are one of the people who do not understand HOA policies implemented in their housing areas, start making a difference. Expose yourself to the positive points of having clear-cut and definite housing rules. Seeing things in a new perspective would help you accept strict policies easier. By: Remarkable Landscaping Methods to Improve Your Home’s Curb Appeal A beautiful home should have a striking curb appeal that can amaze spectators and homebuyers. If you want to sell your home, it would be best to know a few things about developing its exteriors first. Properties with enticing curb appeals usually gain more market value once sold in the real estate market. More clients will also become interested with your property once you have learned to use effective landscaping methods in making your house look as good as new. By: Finance> How to Find Pet-Friendly Communities with Ease The real estate industry has started to become friendlier towards animals and pet owners. Realtors have allotted homes that are ideal for pets, and neighborhoods where they can be easily accepted. These neighborhoods usually vibrate with the energy and joy that domestic animals bring. Thus, you should start searching for the best pet-friendly communities in the world of real estate. By: Finance> Renting Your Soon-to-be Owned Home There’s a saying that “when the going gets tough, the tough gets going”. This quote is indeed the quote for today’s economy especially these days that one needs to work hard just to purchase everything that we need. By: Finance> How to Find the Best Moving Company in Your Area Moving into a new home can become more stressful than it really seems. You have to make sure that you have securely packed you belongings and said proper goodbyes to your old home. You should also do a lot of cleaning in order to pay courtesy to the next occupants of your old home. By: Finance> Finding Tenants: Tips on How to Choose the Right Ones One of the hardest things to do in keeping your business long-standing is to maintain healthy relationship with your tenants. Whether you like it or not, there really are times when you have to deal with renters who are not good enough to keep your property out of harm’s way. They constantly mess around and break your simple rules over and over again. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Maria has 243 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. More detailed information on real estate and short sales are provided in Short Sale Houses in Scottsdale and Short Sales in McCormick Ranch. You could also visit Short Sale Homes for Sale in Wittmann for more real estate ideas and options.
Feb
03
2011
The Difficulties in Closing a Short SalePosted by Usual in Lender Approved Short Sales, tags: closing, Difficulties, Sale, Short
Dec
14
2010
Closing Accountability Gaps: The Communication Secret Of Successful OrganizationsPosted by Usual in Licensing Real Estate Road Kill, tags: Accountability, closing, Communication, Gaps, Organizations, Secret, SuccessfulClosing Accountability Gaps: The Communication Secret Of Successful Organizations Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Business > Leadership > Closing Accountability Gaps: The Communication Secret Of Successful Organizations Closing Accountability Gaps: The Communication Secret Of Successful Organizations Posted: Feb 16, 2010 |Comments: 0 | ]]> Successful teams cannot exist without accountability–high performance and accountability go hand-in-hand. Accountability starts with understanding the truth and continues with the thoughts, words, and actions of everyone involved in your organization. In my book, Winning with Accountability: The Secret Language of High-Performing Organizations, I explain how accountability is the key to long-term, sustained organizational success. To create a high-accountability culture, an organization must be able to identify accountability gaps. Execution fails when accountability–the process and language of transferring strategies into reality–is missing. If you have ever experienced a failure in a relationship or project, you may have found that, in hindsight, clear outcomes may not have been properly communicated to all of the players, thus there were accountability gaps. Identify Accountability Gaps High-accountability cultures are something you can see. To illustrate this, let’s take a professional basketball player, a star of the NBA who, at one time in his career, declared, “I’m not a role model. Parents should be role models.” We’re not using his name here because that was a goofy thing for any star athlete to say. Because, despite what he thought, there were thousands of children admiring that NBA star, wearing his jersey number, and shooting baskets until dark to become just like him. In the context of accountability, even though he was a top scorer and exciting to watch on the court, you could see that athlete wasn’t a star in the Culture of Accountability. Now, let’s turn the dial to 1993 and the confrontation at the Mt. Carmel Complex of the Branch Davidians led by David Koresh in Waco, Texas. On April 19, 1993, Attorney General Janet Reno gave the FBI permission to flush the Davidians out of their residence, using tanks to smash holes in the walls of the building and then spraying tear gas into the residence. Agents then fired more than 350 “ferret” grenades into the building, but none of the Davidians obeyed the FBI’s command to exit the residence. A fire then broke out and 76 Davidians, including 27 children, perished. As word of the confrontation and resulting deaths made the evening news, Janet Reno stepped up to the microphone at a White House press conference. “I made the decision,” she said. “I’m accountable. The buck stops with me.” Her words were notable–and noticeable–because you rarely hear politicians speak this way. At that time, she was the first female U.S. attorney general and fairly new to her job. Yet, in the face of a tragic and controversial situation, she stepped forward and was accountable. You could see that Janet Reno was exhibiting an accountability culture that was the model for her entire organization. So, what does a high-accountability culture look like? Accountability cultures do not happen overnight. The culture evolves from one person or event to the next. One common denominator is that in accountability cultures everyone holds each other accountable for their commitments in a positive and productive manner. As mentioned earlier, if you had ever had a relationship or a project fail, chances are high that failure occurred because specificity was missing at the front end and expectations weren’t clear. That relationship or that project failed because there were “accountability gaps.” Accountability gaps are like potholes in a road. The gaps are holes that need to be filled quickly with specificity before greater damage is done. Just like potholes in the road need to be filled quickly with paving materials before the holes become so large that they damage the cars on the road, an “accountability gap” exists when specificity is missing. Let’s take poor Max, who was hired by a large company. His boss told him, “Max, we’re glad to have you on the team, and as long as you do a good job, your employment with us is solid.” Unfortunately, his boss didn’t tell Max, specifically, what a good job looked like (count this as one pothole). When Max headed the team for a major project, the boss said, “Get that final report to me as soon as you can.” Once again, did that mean tomorrow or next week? Max did his best but the report was several days tardy in his boss’s eyes (another pothole). By the time Max was fired, his tenure was rutted with potholes, lacking specificity and becoming deeper and causing more damage as the weeks and months went by. Max failed because there was specificity missing in every expectation and assignment. Nothing was clearly stated at the front end… and when there’s no specificity on the front end, Max was set up to fail. But, let’s not throw Max’s boss under the bus just yet. Max made a big mistake, as well. He “assumed” he knew what the boss meant when he was told to “do a good job” and to get the report completed “as soon as you can.” Assumptions dig deep potholes and are great contributors to accountability gaps leading to a failed project or relationship… and these lead to bad feelings, which become a vicious cycle of dysfunction. Accountability is a two-way street. If you complete a task that was not specific and someone is disappointed in your work, you are the one who is considered unreliable. You’re past the point of no return. It’s too late for expectations. It’s a “gotcha” of the worst kind in every sense. It is the role of both the sender and the receiver of the information to make sure all the potholes are filled before the task begins. Use Specific Language Avoid vague language such as “ASAP,” “I’ll get right on it,” “I’ll do my best,” or “I’ll turn it in by the end of the day.” These types of ambiguities are all part of the Glossary of Failure… and every one of these vague phrases increases the chances of relationship or project failure. Like the three most important rules of real estate are “location, location, location,” the three most important rules in creating an accountability culture are “specificity, specificity, specificity.” Practice making commitments, using the Language of Accountability by saying, “I will do it on ‘X’ date at ‘X’ time.” Rather than saying, “We’ll have the project completed by the end of the day,” tell your counterpart, “I’ll have it wrapped up by Tuesday, June 13th at 10 a.m., your time.” Using the Language of Specificity will increase accountability and strengthen the accountability culture within your organization. State It Once A Culture of Accountability also helps eliminate redundancy. Focusing solely on a problem and not on the solution wastes resources on redundancy. Everyone knows what the problem is… your energy and resources need to be focused on solving the problem. It may be productive to voice the problem once, but then it is time to move the momentum toward a solution to improve your position. Redundancy is not in many job descriptions. A good example of the momentum of leadership would be a conversation like this: Manager: “I’ve noticed Phil isn’t coming through with his assignments on time… and it’s getting to be a real problem for me.” You: “I’ve also noticed that, too. What’s causing it? Where have we failed to set specific timelines and expectations?” In pointing out that the failure may be on leadership’s shoulders, you’re looking into the mirror to find solutions. State the problem once, eliminate redundancy, and move toward the solution. Reverse the Momentum Language momentum can be reversed… from any person in the organization. Here’s an example: In 1975, a movie about a mammoth killer shark was filmed. The title–Jaws. After this shark has eaten a few tourists, a town meeting is called where the mayor, the chief of police, the city council and some influential business owners are all in attendance. Many see no other option but to close the local beaches to fend off any more attacks and more bad publicity. However, businesses in the community want to leave them open. This is the “high” season for tourists and closing the beaches now will bankrupt most of the community. The argument goes back and forth between the two factions for several minutes. No ground is gained and neither of the two sides is willing to give an inch or find a compromise. The meeting is at a stalemate. The upper echelon of the town’s organizational chart is stuck in the problem. The arguing is getting louder and louder. Then, the gut-wrenching sound of nails being dragged down the blackboard interrupts the argument. Suddenly the room is silent and necks are craned to see a simple fisherman sitting at the back of the room near the blackboard. When he has the room’s attention, he quietly offers, “I can kill that fish for $6,000.” That pronouncement, made by the somewhat obscure and low-profile fisherman (who was probably not on anybody’s org chart), changed the entire momentum of the meeting… and also changed the direction and focus of an entire town. The simple fisherman had taken on the leadership role, and from that point forward, the town’s momentum had shifted to assembling the team that would kill that shark! That’s the way it can work in any situation. It’s the leader’s job to reverse the momentum of negative interactions– and anyone can be the leader regardless of their position on the organizational chart. You can reverse the momentum by applying your skills and energy toward a new, positive outcome. When a conversation is in the past (with celebrations as an exception) you are probably focused on a “problem” or, perhaps, assigning blame. However, by changing the momentum and focusing the dialogue on the future, you are now working on a “plan.” In short, you have the power to identify Accountability Gaps during interactions and fill them with Specificity. You have the power to identify when an interaction is “going negative” and reverse the momentum so that everyone involved in the interaction benefits! To find out how well you and your organization are doing at preventing Accountability Gaps, take the free Accountability Assessment. Excerpted from Henry Evans’ book, Winning with Accountability: The Secret Language of High Performing Organizations (Cornerstone Leadership Institute, 2008). Retrieved from “http://www.articlesbase.com/leadership-articles/closing-accountability-gaps-the-communication-secret-of-successful-organizations-1867902.html” (ArticlesBase SC #1867902) Liked this article? Click here to publish it on your website or blog, it’s free and easy! Henry Evans - Henry is co-founder and Managing Partner for Dynamic Results, LLC, providing coaching and consulting solutions to companies and individuals. He provides performance coaching to independent executives, as well as those in national organizations, helping each achieve their desired goals. He applies the knowledge and experience gleaned from numerous successes and a failure in his own career, augmented by the knowledge gained in working with his executive clients every day. http://www.dynamicresults.com Questions and Answers Ask our experts your Leadership related questions here…200 Characters left I have a glass shower door with a bottom gap of 1″. The sweep I have now is 20 years old and I can’t find a replacement sweep that closes the 1″ gap. Can you help? ]]> Rate this Article vote(s) Feedback Article Tags: Latest Leadership Articles
In Chapter 3 of 7, Oregon winemaker Patty Green finds full overlap between her professional and personal pursuits. As a result, employee accountability and fit become even more important. She highlights the importance of employee and employer relationships and how this played into all Torii Mor employees following her to Patricia Green Cellars along with her farming partners. (01:43)
One of the best ways of limiting what your children are able to do on the Internet or on the computer is to limit their options. This can be done easily by creating a special User Account for each child. (02:22)
Windows makes it possible to have multiple user accounts. This is great because each user can have their own private files, sounds, wallpaper and other settings. Here’s how to create a new user account. (01:09)
Mary Beth Franklin shows you how to manage Sweep accounts to ensure that you get the most out of your money when it’s between investments. (01:22)
Janet Bodnar shows you ways to boost the earning power of your Individual Retirement Account. (01:49) Using Employee Surveys and Leadership Surveys to Assess and Strengthen Leader Effectiveness Effective leadership across an organization is crucial for company success. Leadership surveys and employee surveys are highly effective tools for assessing and strengthening leadership. By: Business> Home Business Marketing Tips - Harness Your Leadership Skills..The World Will Thank You For It In some of the most uncertain times in the last century, the absolute #1 factor in your success in your home business is being a LEADER. By: Business> Effective Leaders Use Respect and Choice to Deal with Unacceptable Behaviors Leaders often waste tremendous amounts of time with unacceptable behaviors of employees or peers. It is unnecessary. Effective leaders can enroll their entire team to remove these behaviors by using respect and choice and not threats or bribes. By: Business> The Proust Questionnaire - Ritesh Idnani, Infosys SSON catches up with Ritesh Idnani, COO of Infosys BPO and finds out what makes him tick in business and life… By: Business> Good, bad or indifferent; your “Boss,” or direct supervisor, is the one person who probably has the greatest impact on your work life. While the good ones excel at creating opportunities for growth and development, the bad ones have a way of mismanaging people right out the door. By: Business> To Be a Good Leader, Think Like One Leadership in business involves having a clear vision of the direction you want your company to move in and then being able to communicate that vision to inspire others to make it happen. Getting derailed from this purpose or becoming bogged down in the day-to-day details of the business often leads to mediocre leadership. There are many different styles of leadership, but good leaders have in common certain ways of thinking. By: Business> Talent Management Alone Leads to Failure Talent Management is still the most popular management orthodoxy today even though, when fully embraced, it creates tremendous waste. One would think smart leaders would question its efficacy after Enron and now even GE have had a downfall while using talent management to create sustainable success. Systems thinking and self-management are more effective that Talent management for long-term results. By: Business> Leadership Coaching - 4 Conduct effective team meetings that Kill This is how you can fashion a good team meeting, avoid making these things up. Leadership coaching experts speak about the constant change in the corporate world, and these ways have changed the team meetings are something. By: Business> Closing Accountability Gaps: The Communication Secret Of Successful Organizations If you have ever experienced a failure in a relationship or project, you may have found that, in hindsight, clear outcomes may not have been properly communicated to all of the players, thus there were accountability gaps. Successful teams cannot exist without accountability. It starts with understanding the truth and continues with the thoughts, words, and actions of everyone involved in your organization. Accountability is the key to long-term, sustained organizational success. By: Business> The Language of Accountability Use language in an intentional way to create a high-accountability culture. Learn to avoid the glossary of failure and instead use the language of accountability. The appropriate language will elevate performance and improve your communication efficiency. By: Business> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home My Home Henry Evans has 2 articles online Articles Categories Advertising Agriculture ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Henry is co-founder and Managing Partner for Dynamic Results, LLC, providing coaching and consulting solutions to companies and individuals. He provides performance coaching to independent executives, as well as those in national organizations, helping each achieve their desired goals. He applies the knowledge and experience gleaned from numerous successes and a failure in his own career, augmented by the knowledge gained in working with his executive clients every day. http://www.dynamicresults.com |
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