Owen McGab Enaohwo's Page

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 thou

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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 Market

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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, the less time you have… 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 the… 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 done.



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