Guess That Agent
Originally known as Superman on Zillow
Thomas McIntosh
Lead that wants to buy or sell in 0-60 days
Prime Lead
What is the difference between the As-Is addendum, and writing its an As-Is sale in paragraph 23 of the contract itself
The As-Is addendum gives you an automatic legal out within the ten day inspection period, but written in paragraph 23 does not.
Document that transfers ownership
The deed
580
Who has a passion for riding rollercoasters?
Kelly
Lead that wants to sell or buy in 90-180 days
Watch lead
How many days does a purchaser have to make a written request to seller to lower purchase price if appraisal comes in lower than contract price
Five days
What does PITI stand for?
What is PRINCIPAL INTEREST TAXES INSURANCE
Important ratio that helps buyers determine how much house they can afford
DTI- Debt to income ratio
Person who is scared of chickens
Kristin
Three metrics that give you access to Mission Realty leads
Huddle attendance, zillow updates, sierra checkup
How much is the MLS fine for the majority of violations?
$250 (a select few are higher)
The difference between the ALTA and Closing Disclosure
The CD is used exclusively by the buyer on transactions that involve a mortgage and the ALTA is given to all parties involved as a receipt of all cost components for the seller and buyer involving credits and debits.
If you haven't owned a home in "X" amount of years, you can be considered a first time homebuyer again
Three Years
Who hangs out with inmates
John
Program that gives seller their home value
Fello
How many days after the negotiation period has ended, does the buyer have to make the final decision if they will terminate or accept the sellers last counter
2 days
The risk of not promptly sending a ratified contract to the lender
Higher interest rate
Can a borrower use future income to qualify for a mortgage, why or why not?
Yes if borrower is has a written job offer with a guaranteed salary, that can be calculated as future income to qualify. (NOT hourly)
Whos middle name is Ray
Erika
Name of the bank that formally owned our office
Truliant
What is it called when the agent who performed the tasks that led you to buy, would be the agent who earned the commission
Procuring Cause
How many sq ft in an acre?
43,560 sq ft
The difference between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
Chapter 7 completely wipes out all debt.
Chapter 13 is reorganization of debt based on a payment schedule