Owen McGab Enaohwo's Blog (11)

Banks and other Lending Institutions are overwhelmed with a record number of properties needing Broker Price Opinions (BPOs). This is an opportunity for Real Estate Agents to increase their earnings. Executing a BPO is an additional stream of income for agents because agents get paid after the BPO is finished, which is much better than waiting for a property to get sold. If an agent accepts a large number of BPO assignments, it won't take long before he/she gets overwhelmed with just the…

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The "short" in short sale simply means that the amount paid at the sale of a property on behalf of the borrower for an outstanding mortgage is less than the amount owed. But there is nothing "short" about the process. In fact it should be called "long sale" because real estate professionals who specialize in short sale transactions are well aware that - patience, diligent follow up and a long wait - is the name of the game.

The current Real Estate…

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Business as usual or the new ways of doing things







As an entrepreneur, you need to determine the number of employees required for your business and how much it will cost you to retain them on a full-time basis. If not done properly, you might experience some capital restraints which in turn might prevent you from being able to grow your business. The more successful your business, the more administrative tasks you will have; the more time you spend on such tasks,… Continue

A Short Sale is a type of real estate transaction wherein a homeowner sells their property for less than what they owe the lender. For most lenders to consider a short sale, the homeowner must be experiencing a financial hardship and is unable to make their mortgage payments. Also, the mortgage itself has to be upside down; meaning that the value of the property has dropped and hence there is no equity. The lender takes a loss, and any unsettled balance is usually forgiven. In order to begin… Continue

What is a Short Sale?



A Short Sale is a real estate transaction in which the revenues from the sale fall short of the balance owed on a loan secured by the property sold. They have become the order of the day due to the financial hardships experienced by homeowners whose mortgages are upside down and can no longer make their mortgage payment for one reason or the other. Instead of letting the bank foreclose and ruin their credit, homeowners are now opting to get one… Continue

Non-Performing Notes, What are they?



Non-Performing notes (NPNs) are accounts of borrowers which have been classified as distressed assets by banks. A perfect example is an overdue mortgage loan that is not producing income because the borrower no longer makes monthly payments. As a result of this, banks through their asset managers sell these notes in bulk to Note Buyers (NBs).



The hard to find Asset Managers



Most banks employ tons of gate-keepers… Continue

Most successful Real Estate Agents know that creating systems for every process in their businesses allows them to be more effective and efficient at delivering the necessary solutions that their clients desire. Systems once created free up time for you to concentrate on income producing tasks; hence the need for you to hire a Virtual Assistant (VA) to help simplify your life. Here are 7 ways a VA can help with your daily time consuming tasks.

Administrative work

VAs will assist you… Continue

Hiring a Virtual Assistant (VA) can add value and save you time and money. There are a lot of them on the internet, but only a few can deliver effective and efficient results. Getting the right VA can be a challenge, so listed below are some of tips on how to search for a reliable VA to outsource your business tasks to.







Look for a Virtual Assistant with multiple skill sets



Aside from the basic skills, try to find a VA that has other useful skills. Determine… Continue

Virtual Assistants (VAs) are Independent Contractors and do not go through the same employment procedures that a full-time employee would have to undergo; rather you just pay them for services rendered. Certain formalities are still necessary to engage a VA, such as; a contract has to be signed by both parties which lists in detail each party's responsibilities and expectations, also a reliable means of communication has to be established from the onset. Beyond these formalities, hiring a VA is… Continue

The economic crisis continues to affect the lives of many Americans, what with its many aftereffects already spreading throughout the world like some sort of malignant cancer. As such, it's only natural that people adapt to this volatile environment the best they can, and among the methods they could use to survive is to keep their credit score high so that, even in during these troubled times, they could still rely on the American Credit System to help them go about their daily… Continue

Now that there is an economic crisis throughout the world and banks have tightened up on credit, it has become absolute necessary for Real Estate Professionals to reduce business expenses. It's now even more important to make use of the internet as a tool to market your real estate business and drive targeted traffic to your website. The future shines brighter for those who wish to venture into the real estate market. The crisis has allowed both full-time and part-time Real Estate Investors to… Continue