{"id":2952,"date":"2008-04-12T07:30:59","date_gmt":"2008-04-12T14:30:59","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2952"},"modified":"2008-04-12T07:39:28","modified_gmt":"2008-04-12T14:39:28","slug":"what-would-you-do","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2952\/what-would-you-do\/","title":{"rendered":"What Would You Do?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" align=\"top\" width=\"290\" src=\"http:\/\/www.realestateradiousa.com\/blog\/wp-content\/uploads\/2008\/04\/whatdo.jpg\" alt=\"Real Estate Radio USA | What Would A Real Estate Agent Do to Help A Homeowner In A Foreclosure Mess?\" height=\"227\" \/><\/p>\n<p>Here&#8217;s the scenario. A consumer calls you based upon a blog post that you have recently made. He is in dire NEED of the services of a competent and professional real estate agent.<\/p>\n<p>He must sell his house quickly. He is in foreclosure and he does not want his credit damaged. He already has had a short sale denied by his bank because he has too many other assets. His only alternative is to sell the home.<\/p>\n<p>Here are the vital signs:<\/p>\n<p>1. The home is worth approximately $300,000.00 as determined by comparable analysis<br \/>\n2. He owes $208,000.00 on his first and second mortgage combined<br \/>\n3. He has a Federal Tax Lien in the amount of $22,500.00<br \/>\n4. He has a municipal lien for not maintaining his pool (it&#8217;s a green slimy mess) and it has been running since October 2007 at the rate of $1,000.00 per day<br \/>\n5. He has not paid the County Property taxes in 2 years and he owes the County $12,500.00<br \/>\n6. He has not listed the property because he thinks he can not afford to pay commission and he&#8217;s not willing to sign a listing agreement that he can not terminate at will<br \/>\n7. His wife is on title with him but she&#8217;s now in Chicago living with her parents and wants $5,000 from the sale of the house<br \/>\n8. He needs at least $5,000.00 himself to be able to move on with his life<br \/>\n9. He will also need to stay in the house for 30 days AFTER the closing because it will take him that long to move because he can&#8217;t move until he gets the money from the closing<br \/>\n10. The house has pretty good bones but will need:<br \/>\na. \u00a0basic cosmetic work<br \/>\nb.\u00a0 new landscaping<br \/>\nc.\u00a0 the pool drained, cleaned and refilled as well as a new pump<br \/>\nd. the roof needs to be replaced (estimate from local roofer is $8,500.00)<br \/>\ne. the garage door needs to be replaced<\/p>\n<p>Other than what has been stated above, the home is located in an upper middle class neighborhood with good schools and is in close proximity to great amenities like a major mall, fine restaurants and exciting nightlife activities. It is <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2952\/what-would-you-do\/#more-2952\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s the scenario. A consumer calls you based upon a blog post that you have recently made. He is in dire NEED of the services of a competent and professional real estate agent. He must sell his house quickly. He is in foreclosure and he does not want his credit damaged. He already has had [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":{"0":"post-2952","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2000,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2000\/we-have-not-seen-the-bottom-yet\/","url_meta":{"origin":2952,"position":0},"title":"We Have Not Seen The Bottom, Yet!","author":"Doug Quance","date":"October 3, 2007","format":false,"excerpt":"Watching How Lenders Deal With Short Sales When lenders start to deal with foreclosures and pre-foreclosures in a manner consistent with reality, we might see the bottom of this market. Recently, my experience with these lenders has been less than heartening. In one case, I represent a seller who paid\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2831,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2831\/the-real-estate-bailout-act-of-2008\/","url_meta":{"origin":2952,"position":1},"title":"The Real Estate Bailout Act of 2008","author":"Brian Brady","date":"March 24, 2008","format":false,"excerpt":"When successful financiers achieve a certain level of success, they up the ante and practice social engineering. Robert Rubin, Jon Corzine, and Hank Paulson\u00a0 advanced to government service after piling up the pesos at Goldman Sachs (in financial circles, we say those two words with hushed reverence). After decades of\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12586,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12586\/pace-solar-program-slows-chances-of-economic-recovery\/","url_meta":{"origin":2952,"position":2},"title":"PACE Solar Program Slows Chances of Economic Recovery","author":"Brian Brady","date":"July 3, 2010","format":false,"excerpt":"Residential real estate finance is ill and getting worse.\u00a0 I cautioned that the elixir that got us into this mess should be removed for a robust private market solution but the mix makers upped the dosage.\u00a0 It's gonna make us even more sick. Last year, I saw an opportunity to\u2026","rel":"","context":"In &quot;Innovation&quot;","block_context":{"text":"Innovation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/innovation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2931,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2931\/the-anatomy-of-a-realtor-less-transaction\/","url_meta":{"origin":2952,"position":3},"title":"The Anatomy Of A Realtor-Less Transaction","author":"Barry Cunningham","date":"April 10, 2008","format":false,"excerpt":"Over the last couple of months we have spoken to hundreds of agents who when asked, most can not easily articulate what they do in a transaction. Yet worse, justifying why they receive 6% commission on the transaction is even harder to define. More often than not their answers have\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"Will realtors be needed in the near future?","src":"https:\/\/i0.wp.com\/www.realestateradiousa.com\/blog\/wp-content\/uploads\/2008\/04\/butler.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/672\/model-realtors-will-real-estate-sell-for-higher-prices-in-the-company-of-a-stunningly-beautiful-super-model-and-what-should-you-do-about-the-drool\/","url_meta":{"origin":2952,"position":4},"title":"Will real estate sell for higher prices in the company of a stunningly beautiful super model? And: What should you do about the drool . . . ?","author":"Cathleen Collins","date":"November 22, 2006","format":false,"excerpt":"Our dear friend and marketing guru, Richard Riccelli, shared this marketing idea. Brilliant. The brokerage knows its target market, and my mom wouldn't be in it. But Paramount Group wouldn't want to sell her a home... and she couldn't afford the houses they represent anyway. I don't think we have\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2851,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2851\/if-you-dont-have-to-sell-into-the-current-phoenix-real-estate-market-dont-but-what-if-you-do-have-to-sell\/","url_meta":{"origin":2952,"position":5},"title":"If you don&#8217;t have to sell into the current Phoenix real estate market &#8212; don&#8217;t. But what if you do have to sell&#8230;?","author":"Greg Swann","date":"March 29, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link): \u00a0If you don't have to sell into the current Phoenix real estate market -- don't. But what if you do have to sell...? Here's a piece of real estate marketing advice that should be obvious: If you\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2952"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}