Ma Foreclosure Attorneys

April 25, 2010 7:09 am | MA Foreclosures

Ma Foreclosure Attorneys

Short Sale Artisan Fills Technology Needs of Real Estate Investors and Agents in a Difficult Market

Worcester, MA-CT – Web SaaS Group, LLC today announced the nationwide release of Short Sale Artisan (http://www.shortsaleartisan.com), a web-based software platform designed to help real estate agents and investors manage their workflow and control their process by identifying new leads, calculating offers, generating documents, managing their tasks and contacts, and more. “Real estate short sales have developed a reputation among investors and agents for being tedious, difficult, and time consuming,” said Nick Reuter, President of Web SaaS Group, LLC., the creators of Short Sale Artisan. “Our proprietary short sale software helps to reduce that burden by providing an end-to-end solution that makes all professionals involved in short sales more efficient – which allows them to process more business and dramatically improve their short sale success rates.” Key Features: Short Sale Artisan’s web-based system is accessed through a centralized user dashboard and provides access to a number of tools. The Offer Generator module takes input from the user and automatically calculates offers for both first and second liens. The offer generator then creates a standard offer letter as well as a fully editable and pre-filled HUD-1 form which automatically adjusts the bottom-line numbers when changes are made. The Document Generator takes input from the user and can automatically create over 20 unique documents which are used in the short sale transaction process, including limited power of attorneys, trust documentation, short sale package checklists, and more. The Property Search function aggregates real estate listings from eBay, the Multiple Listing Service, and Foreclosure.com, and results include Zillow comparables as well as area statistics, which users can include with offer packages to demonstrate the economic conditions of a particular neighborhood. The Contacts and Tasks section allows users to manage their tasks, by project, and also keep their contacts organized. The e-Library function provides an area where additional useful documentation is provided, including over 65 lender-specific short sale packages. Short Sale Artisan also allows users to submit requests for both transactional and hard-money funding to its network of lenders. Pricing and Availability Short Sale Artisan was designed in anticipation of the mobile lifestyle of agents and investors and is fully web-based. Agents and investors can access their projects from anywhere they have an internet connection. Short Sale Artisan is available immediately and and retails for $39 per month or $390 per year with no setup costs. Short Sale Artisan is a division of Web SaaS Group, LLC, a Massachusetts based Web2.0 software company. Short Sale Artisan was founded on the principles leveraging technology to help short sale investors and agents succeed. For more information: Short Sale Artisan A Division of Web SaaS Group, LLC Nick Reuter, President Phone: 774-481-7515 Email: support ( @ ) shortsaleartisan dot com Web: www.shortsaleartisan.com Source: http://www.1888pressrelease.com/short-sale-software/short-sale-artisan/short-sale-artisan-fills-technology-needs-of-real-estate-inv-pr-178793.html
About the Author

http://www.shortsaleartisan.com/

www.massachusettsforeclosurecenter.com.wmv

Appraisers and the Coming Financial Storm

Fannie Mae, Freddie Mac and now a number of local Las Vegas based banks have failed in recent days. Sure the Treasury Department is taking care of it all, those intaglio presses are working overtime, and I’m sure there will be lots of pain to go around because of it. If you followed the press you may have noted, however, that many of the principal bank players got their multi-million dollar golden parachute payments.

I’m sure that the public can expect finger pointing, name calling and the rash of legal indictments that always follow a full blown banking crisis. The last “blame” game resulted in the Financial Institutions Reform Recovery and Enforcement Act (FIRREA) of 1989. Clearly that law did not put in place reforms that would avert future banking disasters in the right places.

FIRREA changed the real estate appraisal business completely. There are now considerably higher standards for appraisers that have been developed and refined over the years by the Appraisal Foundation. The Appraisal Foundation is a private, not for profit corporation charged by Title XI of FIRREA with establishing, improving and promoting minimum uniform appraisal standards and qualifications.

Mario Cuomo, the New York Attorney General, has taken a shot at real estate appraisers by getting Freddie Mac and Fannie Mae, just prior to their government takeover, to accept a requirement that appraisers adopt a new “code of conduct.” The appraisal profession was doing just fine without new government intervention, but it appears that appraisers are already in the sights of the government and banking reformers and those looking for a banking failure scapegoat.

Appraisers resisted the forced implementation of a new code and they launched a vigorous protest against it during the government’s response period. Many appraisers who have long-standing relationships with lending institutions stood to lose big if the code forced them to sever their business relationships with banks and mortgage companies. The creation of a new proposed “code of conduct” appears to have been a staged, political move to divert attention away from those parties responsible for it, banks and lending institutions.

Now a Senate Bill (S. 2452) has been introduced that would require appraisers to post a 1% bond based on the aggregate value of their appraisals.  For most appraisers this would mean that their entire life’s savings would have to be diverted to a guarantee regarding their work.  It appears that Congress is losing touch with reality, appraisals are subjective opinions of value, its not rocket science, and there are already strong penalties for those who intentionally bias appraisal results.  

It is important to note at this juncture that the mortgage and banking crisis that we are dealing with in today’s “recession of 2008″ was not caused by appraisers, but by poor lending practices. The oversupply of easily procured mortgage money created an inflated demand, and appraised values reflected the ever increasing sales prices that were established by buyers and seller and then recorded by county assessors. 

The author, Glenn J. Rigdon, BS, BSCS, MA, ASA is a Realtor, a commercial broker and a commercial appraiser with 30 years of experience working in the real estate industry. Mr. Rigdon has held the position of Economist with the Arizona State Land Department and Staff Specialist – Legal with the Nevada Department of Transportation. His office is located in Henderson, Nevada. See more on appraisal at http://www.horizonvillageappraisal.com/

 

About the Author

Glenn J. Rigdon is a real estate broker, commercial appraiser and website developer living in Henderson, Nevada. For more appraisal related information visit http://www.horizonvillageappraisal.com/


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