Rodney McNabb

The Basics of a Commercial Real Estate Lease

When you get serious about an available Raleigh commercial real estate space, chances are you'll be presented with a typed or printed commercial lease prepared by the landlord or the landlord's lawyer. As you read the lease, keep these points in mind: ... Read >

The LOI | Letter of Intent for Commercial Real Estate Transactions

Commercial real estate transac­tions can be complicated and time-consuming. Raleigh Commercial Realtors looking for ways to expe­dite deals should become familiar with the letter of intent — a tool that can eliminate many of the speed bumps on the road b... Read >

1031 Exchange - Considering A Tax Deferred "1031 Exchange"?

A 1031 exchange, otherwise known as a tax deferred exchange is a simple strategy and method for selling one property, that's qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. The logistic... Read >

What Options Do Homeowners Have?

REFINANCE If the homeowner's credit allows for a refinance and if the homeowner meets the eligibility criteria, an option is 'HOPE for Homeowners' (H4H). HGH is a program available through the US Department of Housing and Urban Development (HUD). You... Read >

What is a Raleigh Short Sale?

Completing a short sale in Raleigh is one of the most difficult transactions in all of Raleigh real estate. It is important to know that the company and team you hire to complete this process for you have expertise in this area. We find it beneficial ... Read >

What is a Hardship Letter?

The goal of the hardship letter is to have the seller explain their situation to the bank. The hardship letter should communicate three key points. 1. "I'm sorry" 2. "Here are my circumstances (such as job loss, medical issues, divorce, health is... Read >

How to Buy a Short Sale in Raleigh

One of the hottest topics in the real estate industry right now is the short sale. Learning how to buy a Raleigh short sale is a new requirement for the real estate investor. Savvy real estate investors realize that banks are willing to let properties be ... Read >

Six Things to Know BEFORE You Buy a Raleigh Short Sale

When you spot a short sale house that interests you, take your hand off the mouse and step away from the computer. Before you get all excited over the prospect of buying that short sale house, pick up the phone and call your Raleigh real estate agents. Yo... Read >

Luxury Home Short Sales in Raleigh Grow in Importance

The luxury market is facing increasing pressure, aggravated by credit market difficulties in the jumbo mortgage market. As a result, The National Association of Realtors reported that the share of home sales above $750,000 has fallen from 4.4% of total ho... Read >

Program Will Pay Homeowners to Sell at a Loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less ... Read >

Chase | Short Sale FAQ's

A short sale involves the sale of the subject property securing a Chase loan or line of credit whereby the proceeds of the sale are insufficient to pay the balance in full. A short sale is an option to customers who can no longer afford their property ... Read >

Luxury Homeowners in U.S. Use 'Short Sales' as Defaults Rise

Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. "The rich aren't as rich a... Read >

How Long Should I Wait for Short Sale Approval?

Raleigh short sale buyers are singing the blues right along with you. Every short sale in Raleigh is different and as much depends on the lender as it does on the listing agent. Some listing agents outsource their short sale negotiations to a third party,... Read >

Before You Buy a Raleigh Short Sale

Buyers pursue Raleigh short sales to get a good deal. So when you see a price listed for a Raleigh home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your real estate agent to call the listin... Read >

Beware of Raleigh Foreclosure Rescue Scams - Help Is Free!

Raleigh foreclosure rescue and mortgage modification scams are a growing problem. Homeowners must protect themselves so they do not lose money—or their home. Scammers make promises that they cannot keep, such as guarantees to “save" your home or lower ... Read >