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According to statistics, 25% of all HUD offers submitted get canceled due to real estate agents crudely filling out the contract or missing a deadline for an extension. Why is this? How are you going to answer to your prospect that they did not get their ideal residence because you, as their licensed real estate agent, didn’t know the procedures?

Throughout the US, HUD contract processes aren’t covered by any real estate academy currently offered. Here is some of what you need to know. Most licensed real estate agents do not understand that the bidding and contract process is completely different from your standard real estate deal. Frequently we have had agents email their state documents when submitting a proposal when, in fact, all the bidding is done on the internet. These deals aren’t difficult. They just require a little extra attention to detail and you must be well versed in how to not only fill them out but also be aware when certain deadlines are and what forms are dictated by HUD to be provided.

Why HUD property sales are the new gold standard for opportunities. Statistic: About 9.1 percent of FHA borrowers had overlooked at least three payments as of December 2009, up from 6.5% in 2008, the agency’s figures signify. The Federal Housing Admin does not make loans but insures lenders against losses. And claims have already accelerated. The agency had to pay out on 47% more loans in October and November 2009 than in the corresponding period a year earlier, according to an Federal Housing Administration write-up. The year 2010 will be elevated according to some analysts.

Why are HUD transactions the new Gold Standard for realtors? Two reasons:

* The banks engaged incompetent, untrained Robo-Sign’ers to advance foreclosures through the system. Trends show law suits are developing for these with lawyers jumping on the bandwagon to represent the former homeowner that was foreclosed upon and those attorneys are asking “Who really owned the note?” Former owners are suing the establishments, the title company, the lender, escrow and even the new current owner and their agent. Why does this matter? Because we are in uncharted waters and for years to come no bank selling an reo will be able to ensure that their property has a clear and marketable title. Be hesitant of touching an reo as you may find yourself in legal procedures for years to come.

* HUD assures a clean and marketable title. How? Because all Federal Housing Administration insured lenders have been paid, Federal Housing Administration repossessed the property and assigned hud to re-list the property. And, simply, because they are the federal government and, you have to ask to sue the federal government. The title company contracted by hud is insuring the interest of the federal government. Need we say more?

As it stands, more of the properties on the market are HUD homes. It’s never been as necessary as now for agents to effectively execute and understand all HUD procedures.

More about how to be a real estate agent, visit our site for a HUD 9548today.

How To Monetize Your Real Estate Blog For Newbies

Blogging? What the heck is that? It is basically writing about what you love. This is why I mentioned earlier that you would need to find a niche that you are passionate about as you are going to need to create content i.e. written content, pictures and/or video content.

Got to Gmail and set up an account. Remember, even here you’ll want to try to use your keyword as part of your email address. So try for something like “TeachYourLab@gmail.com” or “YourLabCanSit@gmail.com”. You get the idea.

Once you do that then you’ll need to go to http://www.Blogger.com and set up a “Blogger” account. This will be your “website”, if you will. You can now reference this link below and watch the video, as it will be easier for you to understand if we just walk you through it.

So by now you have a basic understanding of how to set up your “blog”, the basics of navigating the blog and also how to install Adsense on your site. I want to add that, in addition to adding Adsense to your site, you can also find other products to promote on your site. What you want to do is find products that you like or that would be related to your niche visit the site and see if they offer affiliate programs for their product.

What is an affiliate program and how do you get started?

Most merchants have affiliate programs. Essentially, they will allow you to put a link or banner on your site. If someone clicks that link and makes a purchase you get paid a commission. To do this you need to set up an affiliate account with the merchant. (Any reasonable merchant will offer phone support to explain how it is done if you don’t already know. But it is pretty easy and you shouldn’t need too much help to get started.)

Once your account is set up with the product you want to affiliate market then you will be re-directed you to a page that will have banner links and ads specific to their product. The links & banners from within your account will, by default, be embedded with your affiliate code associated with your affiliate account. (So no need to be intimidated by HTML coding.) Scroll and choose the banner add you like then simply copy and paste the code they provide in to your “Blogger” page.

Here is how you do that. Remember in the video when I showed you how to add Adsense? There is another category called “Add a Gadget”? You click add a “Gadget”. A new window will open within Blogger. Then scroll down and choose the Gadget that says “HTML/Java Script”. Blogger will then open another window. All you need to do now is copy and paste the “code” from the affiliate program banners and paste it in to the window where it says “content”. Then hit save and it will install the banner link for you. Hit save and then view the page. You should now see your affiliate banner appear on your blog page. No need to understand or write code. The affiliate code will be the way the merchant tracks who comes to their site. If someone purchases that product through your link then you get paid. Normally, if that person visits a merchant through your link then the merchant will ‘cookie’ or archive that link. So, if the person doesn’t buy the first time and then re-visits at a later date and makes a purchase within say, 60 days, you will be credited for the sale. But those timelines may vary. Ask your affiliate to provide you with their internal policy on “cookies”.

Affiliate sales shouldn’t be confused with Adsense. Adsense pays per click (PPC). PPC revenue isn’t much but does add up over time. Affiliate programs can be much more profitable if you have a lot of traffic coming to your site. So I highly recommend researching and finding products you believe in and promote those on your site. Pick and choose carefully. Don’t just load your site up with tons of ads. The real key is that you must get some “eyeballs” on your page and to do that you must provide interesting, valuable content.

I’m Len. You can learn how to find profitable keywords for any business by attending our webinars. Learn get to page 1 on google and attend a webinar.

With an assault of foreclosures rising on the market in the next couple years it has never been more urgent to understand the HUD 9548 contract. Many licensed agents turn away HUD sales. Several analysts are predicting default rates in the coming years will be higher than we have ever seen ever since lending initiated. Why will this flourish HUD inventory? Because scores of loans made from 2005-2009 were fha backed, new home buyer loans. Hordes of those loans will be foreclosed upon and, because the value of those homes will now be down and in the FHA lending range thresholds, new home buyers will be convinced to once again endeavor to achieve the American Dream. Why does that matter? Read on.

Think about his. When the foreclosure crash initiated in 2005 buyers were running afraid and the “then” current home owners were panicking. What most didn’t consider was that there were anxious, potential home buyers waiting in the wings that had been saving for years to buy a home. And, nationwide, they signed up quickly to get a home…tens of thousands.

Fast forward two years to 07. Market in a downtrend. Home prices descending. Anxious, new buyers securing loans and homes. Then, the Feds enact a first time home buyer tax credit and some states followed suit by offering state tax credits as well that continued on through 2010. Another buying explosion.

Why does this matter at this time? Because many banks love fha insured lending as their loan, to a certain percentage, is guaranteed against default and, predatory lending was still happening in 07. The government hadn’t regulated these clowns. So, since the tax credits were offered, many persuadable, first time buyers were signing up to get a loan and new home for whatever price and, no matter what the cost. Most of those loans were 3/1 and 5/1 ARM’s. So, 2007 until 2010 =’s 3 years and then default. Boom! Another crisis is looming.

While those buyers were motivated, they bought because of the tax credits offered and minimal down payment. All buyers didn’t consider that home prices were descending and the country was about to come into a deep, multi year recession. They were just in love with the American Dream. Well, many of those buyers lost their jobs in the past couple of years and have now exhausted their saving and are now lagging behind on their loans.

Let’s be honest, in our opinion, FHA borrowers/first time home buyers, for the most part, are cash strapped. With a double dip recession on the horizon all of these fha borrowers have received an NOD and are on the verge of officially defaulting. Tons of excited, new home owners from 2007 are now in a state of nervousness trying to preserve their home. The proper procedures weren’t in place. Another crisis is upon us. We tried to solve a problem with a problem.

So, why is it more important now than ever before to have knowledge of hud home sales and how to efficiently close these transactions? It is because FHA/HUD homes are now going to be the norm in the market place. Previously, home prices were inflated tremendously and many were out of the fha lending thresholds. Not true any more. When getting started as a new real estate agent you need to understand every dynamic associated with the Housing and Urban Development procedures and also the Federal Housing Administration lending. If you learn these simple procedures now and master them you’ll never will have a problem with getting an offer accepted or closed.

Looking to find more information when QR code for realtors, then visit www.gettingstartedasarealestateagent.com to find the best tutorial on the HUD 9548 contract for your real estate needs.

As you enter your real estate career, you may be amazed what it takes to get going in the right direction as you are getting started. Just knowing enough to pass the state licensing examination isn’t enough. Many rich licensed brokers and agents attribute their prosperity to determination, superior training and mentoring. This will come in the form of resourceful books on the web, participating in training seminars and, above all, practicing at a friendly office willing to disseminate leads and share their knowledge with you.

Most licensed brokers or agents earn only a few thousand dollars their first year. Whereas it is possible to earn more, it is unlikely unless you have good mentoring and on-the-job training materials. Seeing as how it takes months to shape a clientele to generate listings there is one specific type of listing you can canvass as your own: HUD Owned Homes. Anybody can show, sell or advertise a hud-owned home.

HUD owned homes can initiate a nice earned income for new and experienced brokers. While with the old national HUD contract they offered a 5% commission that has now been decreased to 3% which is still pretty decent.

Many good hud deals languish out on the market because new and experienced licensed agents don’t understand the HUD sales process and simply just ignore a hud home when it is on the market. Just getting started as a real estate agent is hard to understand so don’t take for granted and exclude hud sales from your portfolio. As others are disregarding them, you can specialize in them.

An additional thing you can do is look in to a hud agent training open discussion or seminar. Most are offered every month throughout the US. Check with your local realtor’s association for class times. If you can’t attend then visit our site below and you can download a free e-book for bidding strategies and learn more info at our real estate academy.

More about how to be a real estate agent, visit our site for a real estate tutorialtoday.

Why New Real Estate Agents Should Use Real Estate Marketing Letters

Answer me this; When you started in real estate did you have a mentor to show you the ropes? Did the office you started at offer any type of training? Well, if you are anything like I was my broker didn’t offer any type of training. He basically threw the agents in his office to the wolves. Years later I realize he couldn’t have been dumber. It’s a wonder there were never any lawsuits that arose from some of the transactions that went through that office. I am sure, with all the new agents that were there when I was there that there were a few that dropped the ball on some disclosures or blurred the line with ethics. But, that is another topic.

The fact is, I passed my test with one of the highest grades in the class. However, passing the RE exam didn’t prepare me to understand the everyday common language of a real estate agent. In fact, it was a test and no real life examples. I actually realize now that the test was a little outdated for the time.

One thing is for sure; real estate is a competitive market and few will help you getting started. No one in the office I started at would share a lead and, rarely, would anyone offer any insight to me unless I cut them in on the deal. Which is fine but, there has to be some sort of jump start to give a new agent insight, right? Yes, I know the Keller Williams of the world and Coldwell Bankers offer trainings but what if you were like me in a small office or somewhere in a small town in Utah? What then? Well, you would probably do as I did and buy some books. I bought some Donald Trump, Dean Graziosi and Gary Keller books when I started and they were useful. however what these books didn’t tell me is the basic, every day terminology that is necessary to communicate with other agents, buyers and lenders.

However, one resource that helped me when I started was that I bought some packaged marketing letter tutorials that gave me the types of letters that I would need to send to buyers, lenders and other agents. Really, what I wanted to see was how people corresponded with one another and be able to see, in front of me, how the language/dialog was happening. I bought several packages and all of them were under $75 dollars. The way I look at online tutorials and packages like this is that if I can glean yet one idea from whatever it is that I bought then it was worth the money.

Now I know every state is different and the rules and regulations differ from state to state but one thing remains consistent from state to state; the language that realtors speak to one another is the same and being able to see examples for all types of situations really is beneficial.

There are packages online that offer a full library of pre-drafted letters that will suit any situation that you are in. Check out our site. We offer a lot of free advice and also in-depth reviews on many of the most popular marketing tools for real estate and mortgage marketing letters.

Read more about real estate marketing letters, or the best mortgage marketing letters you can use.