Today one of my local competitors / friends showed up on Twitter I saw that there were 3 tweets promoting his website and realized he had created 3 Twitter accounts.  Ok, a few people think and find ways to use more than one account.  One of his accounts used a community name and then the word REALTOR® - this is a violation of the Trademark many of us pay each year for.  I know a lot of us have made the mistake or might even still be making the mistake but NAR does find these violations and they do shut the account down. Anyway the REALTOR® I tried to help by telling him he might want to find another user name did not take kindly to my words of advice.  He is positive he is not in violation… If you are going to use REALTOR® - you can say Thesa Chambers REALTOR® (or your name) but you can not say Oregon REALTOR® (or your state) To make this a little easier NAR has published a quick guide to using the term REALTOR® on the internet. Some of the recent violations I have seen include REMAX REALTOR® C21 REALTOR® Town Name REALTOR® State REALTOR® If you are using REALTOR® in this manner you may want to think twice about putting a lot of time, effort and sometimes money into something that may be taken away from you.  I am not telling you this to make things difficult, in fact I would hate to see all your hard work go down the drain and for you to be starting over.

Short Sale vs Bank Owned
Today Buyers and Sellers of Central Oregon homes are hearing these terms more and more which bring more questions than answers most of the time.  There are many misunderstandings of what these terms mean and what the process is or can be.  The current real estate market is one that even veterans of 40 plus years have never seen before.  Let’s explore what these mean here locally and have a glimpse of what they may mean in other areas. The Short Sale - A seller is attempting to sell their home for less than they owe the bank.  That is the simple answer to what a short sale is.  As we tread on you will see that the answer is not all that simple.  How can the seller do this is one of the most common questions followed by how can I buy this home for less.  The seller of a short sale is usually behind at least one payment and can not keep up with the current mortgage.  The banks do not want to have to take the home (Foreclosure).  Some of the reasons are, banks are not in business to be home owners and the average cost to the bank for a foreclosure is in excess of $30,000 according to some experts.Ashley Drake Gephart, Associate Broker, REALTOR® a good friend in Albuquerque explains in more detail what a short sale is A short sale of a residential property is still owned by the owner, but the owner is usually behind in their payments and the price listed is short of what is needed to pay off the mortgage and closing costs. There is no guarantee that the bank will accept a short sale even if the owner offers the full list price, and the response time from a bank on an offer can take up to six months. A Short Sale is always subject to the lender approval this process is far more complicated that it sounds.  Some homes currently listed as a short sale have a first and a second mortgage.  In these cases approval by both lenders is necessary.  Most short sales will be sold as is, with few if any warranties.  Everything about the contract depends on the bank agreeing to it.  A short sale can take weeks to months to get bank approval. Joshua Jarvis REALTOR® in Georgia also explains short sales; Pre-Foreclosures are also called Short Sales in some cases. Most of these will be listed as well.  Short sales can be a great deal and opportunity but do require patience and a easy living arrangement in case the deal falls through. Not all pre-foreclosures are short sales, but most will be. The process is not as simple as it sounds.  There are specific documents the seller will need to provide sometimes multiple times, the listing agent will need to have extensive communication with multiple parties to keep the ball rolling and be familiar with the process and the specific situation.As a buyer you can have the best agent out there and if the listing agent is un-aware of the process your offer can be a total waste of time.   Sellers if you are working with an agent and trying to short sale your home, make sure your agent knows the process.  More than one buyer can tell you that they had an offer with a short sale only to find that it went to foreclosure anyway.  Reasons for this can vary from the bank would not accept the offer to the listing agent did not ask for the sale date to be delayed while the offer was negotiated. Complete Article of Central Oregon Bank Owned vs Short Sale

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Beautiful Home With Shop on An Acre in La Pine, Oregon
Charming Frame Built Home 16088 Snowberry Lane, La Pine, OR 97739 View Map Quality construction 3 bed, 2 bath, home office off dining room, 1624sf, home on 1 acre. Tongue & groove wood vaulted ceiling in living room & kitchen. Plantation style shutters. Wainscotings in living room, dining room and hallway. Hickory cabinets, marble tile counter tops and tile floors in kitchen. Large master bedroom with large jetted tub & separate shower. 16×16 shop with 16×14 covered side shelter. Landscaped sprinkler system front & back . Close to 15 local lakes. Details Asking Price: $265,000 MLS: 2709561 Sq. Feet: 1624 Lot Size: 1 Ac Bedrooms: 3 Bathrooms: 2 # of Floors: 1 Garage Size: 2 car Subdivision: Tall Pines Year Built: 2001 Contact InfoThesa Chambers Broker, ABR Main 541-536-0117 Cell 541-771-7064 Dir 541-771-7064 Email | Website Licensed Broker in the State of Oregon

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