Appendix Q: Condominium Estoppel Sheet
by Tim Shah, Aram Shah
REO Boom: How to Manage, List, and Cash in on Bank-Owned Properties: An Insiders' Guide for Real Estate Agents
- Cover
- Copyright
- Contents
- Acknowledgments
- Introduction
- [Part One]: Launching Your Reo Business
- Chapter 1: Inside the REO Game
- Chapter 2: Getting in with Asset Managers
- The Million-Dollar REO Contract
- The Master Listing Agreement (MLA)
- Asset Managers Exposed
- Asset Managers Profiled
- Direct versus Outsourcer Accounts
- The Five Biggest Direct Account Benefits
- How to Land Your First Bank Contract
- The REO FARM™ Play: Talk About the Farm
- Tricks of the Trade
- How to Multiply Your Business
- The Asset Manager Visit
- Five Hot Tips from Seasoned REO Agents
- Chapter 3: Setting up a Lean REO Machine
- [Part Two]: Managing Your Reo Atm
- Chapter 4: Receiving Your First Assignment
- Occupancy Check Reports (OCRs)
- The Three Occupant Option Posting Rules
- Be Prepared at All Times
- Performing the Initial Interior Inspection
- Managing Cash for Keys
- Attending Evictions
- How to Get into Condos and Gain Cooperation from HOAs
- Checking Certificates of Title
- Obtaining Estoppels
- Managing Utilities
- Agent Sign-Off Sheets
- Chapter 5: Conducting the Perfect BPO
- The Perfect Broker Price Opinion (BPO)
- Your BPO Pictures
- BPO Section 1: Client and General Info
- BPO Section 2: General Market Conditions
- BPO Section 3: Your Subject Property
- BPO Section 4: Your Competition
- BPO Section 5: Your Repair Strategy
- BPO Section 6: Your Market Pricing Strategy
- BPO Section 7: Final Comments
- Putting It All Together
- Chapter 6: Managing Repairs and Inspections
- Chapter 4: Receiving Your First Assignment
- [Part Three]: Making Reo Cash Withdrawals
- [Part Four]: Milking The Reo Game
- Appendix A: Your REO Resources
- Appendix B: REO Bank List
- Appendix C: Buyer Information Sheet
- Appendix D: Sample HUD-1
- Appendix E: Reimbursement Checklist
- Appendix F: The Multiple Offer Monster (MOM) Email
- Appendix G: Clean Copy Instructions
- Appendix H: Sample Listing Letter
- Appendix I: Monthly Marketing Report (MMR) Template
- Appendix J: Closing Checklist
- Appendix K: Sample BPO Form
- Appendix L: 90-day Action Plan
- Appendix M: Market Adjustments and Repair Costs
- Appendix N: Agent Sign-Off Sheet
- Appendix O: Sample Résumé
- Appendix P: Sample OCR Report
- Appendix Q: Condominium Estoppel Sheet
- Appendix R: Sample Bid Scope of Work
- Appendix S: BPO Photo Checklist
- Reo Brothers™ Glossary
- Index
- About the Authors
-
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