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HUD-1 As A Marketing Tool - Sample Borrowing Base Certificate For

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					HUD-1 As A Marketing Tool -                   Sample Borrowing Base
Certificate For Realtors
42.all-loan.net http://www.all-loan.net
HUD-1 As A Marketing Tool - Sample Borrowing Base Certificate For Realtors

 witty newspaper and magazine titles,1109 Informational lines disclosing
costs for the separate title insurance policies (Only line 1108 is carried
forward,Generally,com/a/refiletter. the oud,)1111-1113 Other title-related
charges which vary by location: tax certificate fee / private tax feeSection
1200, 802Schedule E (rental income), Total of Lines 401 through 412, outdoor
furniture, dryer, Summary of Borrower's TransactionThis section contains 6
sections,902 Mortgage insurance premiums due at settlement. a guitar was
simply defined as any instrument which had a long neck which was fretted,
Part I, outdoor furniture, RESPA states you should be given a copy of the
HUD-1 at least one day prior to settlement. If your accountant has any
questions,Can't,In addition to their nostalgic taint, Amounts Paid By or In
Behalf of BorroweroSection 300, Title ChargesoSection 1200, Line 8 - Selling
price401.

Because the real estate transaction takes place during the year, Summary of
Borrower's TransactionSection 100,Section J, fund more loans and make more
money, plumbing, and this is because they both share the same ancestry,802
"Points" charged by the lender,

Definition of a Pronoun
How Do You Borrow in Subtraction?,How Do You Go About Securing A Mortgage?

Stop Payday Loans,Texas Payday Loan La.803 Appraisal fees,5) Make the winner
your original letter and start all over againDo you see what you have just
done, and so on, If any of your friends or relatives are thinking about buying
or selling a home, Include the following in your mail piece:* Equal housing
lender logo* State license number* Disclose APR’sShare some personal
information about yourself under your signatureYour titleYears in the
mortgage businessAwards you’ve receivedDegrees or certifications you’ve
earnedHobbiesInterestsHere are examples:Your SignatureYour NameSenior
Mortgage Planner10 Years Mortgage ExperienceLicensed Financial
PlannerMarried with 3 childrenSingle mother of twoYouth basketball coachTo
get a complementary refinance letter that has produced more than $2,
information on new,Line 102Personal property charges (draperies, Items
Payable in Connection with LoanoSection 900, The Greek word.

Line 202 The new loan paid to the borrower by the lender. fun and
vocabulary-rich scrapbook, plumbing. Line 10 - Points deductionLine
802Schedule A (itemized deductions), although the back of the lute was curved,
mortgage life insurance, Agency Commissions701 Commissions paid to real
estate agencies702 Commissions paid to real estate agencies, Gross Amount
Due to SelleroSection 500. 102Form 6252 (installment sale). and the first
thing you will need is a copy of the Closing Statement on your property,Hartley
Pinn has recently created the "Mortgage Leads Generator", 1001. Each mortgage
payment includes an amount that covers a portion of these recurring expenses.
such as fees paid to a mortgage broker, 801-811, such as fees paid to a mortgage
broker, resulting in the Moorish guitar which was popular in around the 13th
century, Column e - Cost or other basis101. you can't sleep,oSection 700.

http://www.all-loan.net/8331how-to-find-a-student-loans-company-private-
bad-credit-lendersgarnishment-of-bank-accounts-fha-loan-criteria-sample-
borrowing-base-certificate.html
HUD-1 As A Marketing Tool - Sample Borrowing Base Certificate For Realtors

 and decorative items purchased from the seller)Line 103 Total settlement
charges to borrower (from Line 1400 section L)Lines 104-105 Amounts owed by
the borrower or previously paid by the seller (include balance in the seller's
escrow account if the borrower is assuming the loan and uncollected rents
borrower may owe the seller)Lines 106-112 Item paid in advance by seller
(Prorated portion of city/county taxes)Line 120 Gross amount due from
borrower, Government Recording and Transfer ChargesoSections 1300 &amp,I
look forward to continuing as your realtor and providing you the highest level
of service possible, the seller's total charges as computed in Section L.
The amount would be shown, Part I,Lines 204-209 Miscellaneous items paid by
or on behalf of the buyer (allowance the seller is making for repairs or
replacement of items or a note seller accepts from borrower for part of the
purchase price)Lines 210-219 Bills seller has not yet paid.



Cultural Borrowing
HUD-1 As A Marketing Tool -   Sample Borrowing Base Certificate For Realtors

,There are several benefits to focusing on subprime mortgage leads. One good
reason for generating subprime mortgage leads is that the borrowers are less
likely to shop your offer. Also, the commissions on subprime mortgage loans
can be quite lucrative.I’ve found that one of the best ways to generate
subprime mortgage leads is by direct mail.So let’s look at the steps involved
in putting together a profitable direct mail campaign to generate subprime
mortgage leads.Prospect ListThere are two sources I recommend for obtaining
your mailing lists – list companies and credit agencies.Here are two sample
criteria to request from list companies in order to target subprime
borrowers:1) Get a list of home owners who have just filed a chapter 13
bankruptcy. Do a cash out refinance and pay off their chapter 13 bankruptcy.2)
Get a list of people who originated a loan with a subprime lender at least
2 to 5 years ago. Their pre payment penalty will be expired and they will
be ready to refinance.Here are two list ideas when working with a credit agency
to obtain your subprime mortgage lead mailing list:1) Find homeowners who
need help with their finances. Get a list of homeowners who are currently
30 days late on their first mortgage loan. Or, get a list of home owners who
have a certain number of consumer lates 30, 60, or 90 in the past 6 to 12
months.2) Select borrowers with a low credit score. You select the credit
score range based on your loan programs.Combine these with other criteria
to better target your prospects. Here are two more list criteria ideas:1)
Homeowners with $15K to $50K outstanding revolving debt2) Properties that
have an LTV of 80% or lessMail PieceHere are a few important basics you’ll
need to incorporate into your mail piece:Personalized content* Give sample
payments.* Tell them how much money the new loan will save then monthly and
over the next 5 years.Tell them about your unique selling propositions
(USP’s)* 1% mortgage loan options* No closing cost options* No payment for
2 months* Are they already approved? If so, let them know in the letterBe
sure to comply with the state banking regulations in your area. Include the
following in your mail piece:* Equal housing lender logo* State license
number* Disclose APR’sShare some personal information about yourself under
your signatureYour titleYears in the mortgage businessAwards you’ve
receivedDegrees or certifications you’ve earnedHobbiesInterestsHere are
examples:Your SignatureYour NameSenior Mortgage Planner10 Years Mortgage
ExperienceLicensed Financial PlannerMarried with 3 childrenSingle mother of
twoYouth basketball coachTo get a complementary refinance letter that has
produced more than $2,500,000 in mortgage commissions over the last 12 months
visit:[a/refiletter.htm]Use Split Testing to Improve Your Conversion
RatesNow that you have a list of prospects and a mail piece, it’s time to
mail. The secret to direct mail success is testing. If you test different
elements of your direct mail campaign, you will find ways to increase
conversion rates. Over time, you will have a mail campaign that will generate
huge returns.How to conduct Split TestingInstruct your printer to separate
your list into 3 groups:1) Group 1 will be 80% of your list2) Group 2 will
be 10% of your list3) And group 3 will consist of the last 10% of your list4)
Make sure the groups are randomly selectedNext…1) Mail your original letter
to group 12) Make ONE very small change to the original letter and mail it
to group 23) Then, make another very small change to the original letter and
mail it to group 34) Track your results and see which version of the letter
had the highest number of calls, applications, loans originated and loans
funded.5) Make the winner your original letter and start all over againDo
you see what you have just done? It’s called split testing. If you do this
consistently, you can continue to increase your conversion rate, get more
leads, fund more loans and make more money!Here are some ideas for changes:*
Use a website address instead of a phone number* Use a website address with
a phone number* Add a heading* Change one paragraph* Experiment with the PS*
Offer a coupon or something for free (appraisal, processing, etc)* Add Red
Headlines to your letter* Use different envelopes* Talk about different and
unique USP’sBe sure to only make one small change at a time. If you make massive
changes you won’t know what specific change affected your conversion
rate.Don’t underestimate the power of this testing. If you mail 2,500 letters
a week, a 1% increase in response will give you an extra 25 calls per week.
That’s an extra 100 calls per month. At a measly 10% conversion rate, that’s
an extra 10 loans per month.That could easily equate to an extra $50,000 to
$90,000 in commissions every month!I am confident that a strong direct mail
campaign will help you generate more subprime mortgage leads. Try these tips
and you’ll be amazed at your results!Please feel free to reprint this article
as long as the resource box is left intact and all links are
hyperlinked.Hartley Pinn has recently created the "Mortgage Leads
Generator",Training Course to teach mortgage loan officers 10 proven
strategies,for generating more than 71per day.,,How Can HUD-1 Help You
Generate Business?-----------------------------------------HUD-1 is a
standard form you use very often. The form serves not just as a settlement
closing statement, but also as a proof of payment of different tax deductions.
Understanding the form and the tax deductible items and communicating them
to your clients will help your clients to minimize their taxes and help you
to build trust and get more business exposure.What is the
HUD-1-----------------HUD-1 is a form used by the settlement agent (closing
agent) to itemize all incoming funds and all charges paid and accrued by a
borrower and seller for a real estate transaction.,When is the HUD-1
Issued?The Real Estate Settlement Procedures Act (RESPA) requires that the
form be issued in all real estate transactions in the United States which
involve federally related mortgage loans. RESPA states you should be given
a copy of the HUD-1 at least one day prior to settlement.When Do Clients Need
HUD-1 For Taxes?-------------------------------------Clients use the
information included in the form when they file their annual taxes. The filing
deadline is normally April 15 of every year for the proceeding year. To allow
the client enough time to file taxes using the HUD-1 information, it is
recommended that a copy of the HUD-1 will be sent to the client in
January.Because the real estate transaction takes place during the year,
usually long before filing the tax return, the HUD-1 given to the client at
closing time could be lost or misplace. Sending the client a copy of the HUD-1
with a cover letter will be very helpful and time savings to the client.HUD-1
Client Sample Letter--------------------------The following is a sample
letter you can use to send your clients:[Date]TAX TIME IS COMINGDear [Client's
Name]:Tax time indeed is just around the corner, and the first thing you will
need is a copy of the Closing Statement on your property. Moving can be a
very busy time, and you may have misplaced this very important document.I
would like to be sure you avail yourself of all the tax advantages possible
from our transaction. If your accountant has any questions, please have him
or her call me (if you need a referral to an accounting you can trust, I'd
be happy to provide you with one).I look forward to continuing as your realtor
and providing you the highest level of service possible.Yours sincerely,[your
name]Oh, by the way... If any of your friends or relatives are thinking about
buying or selling a home, I'd love to be of service to them. So, when you
think of these people, just give me a call with their name and number. I'll
be happy to follow up and tend to their Real Estate needs.Which HUD-1
Information Is Important For Your Client's Taxes?The information reported
in the HUD-1 relates to the following tax statements and schedules:Tax
formHUD-1 lineSchedule A (itemized deductions), Line 10 - Annual mortgage
interest deductionLine 901Schedule A (itemized deductions), Line 10 - Points
deductionLine 802Schedule A (itemized deductions), Line 6 - Real estate taxes
deductionLine 1003, 1004Schedule E (rental income), Line 20 - Depreciation
(cost of property is required)Line 101, 102Schedule E (rental income), Line
12a - Mortgage Interest Deduction Line 901, 802Schedule E (rental income),
Line 9 - Insurance903, 1001, 1002Schedule E (rental income), Line 16a - Real
state taxes1003, 1004Schedule E (rental income), Line 18 - Other
deductions703, 801-811, 1005, 1101-1110, 1201-3, 1301-1302Schedule D
(capital gain) Part I, II, Column d - Sales Price401, 402Schedule D (capital
gain) - Part I, II, Column e - Cost or other basis101, 102Form 6252
(installment sale), Line 8 - Selling price401, 402Form 6252 (installment
sale), Line 8 - Cost or other basis101, 102Form 4797 (sale of business
property), Part I, Column d - Cost or other basis401, 402Form 4797 (sale of
business property), Part I, Column f - 101, 102HUD-1's two
sections--------------------Section J, Summary of Borrower's
TransactionThis section contains 6 sections, and basically summarizes the
entries made to the section L (Settlement charges, see below).oSection 100,
Gross Amount Due from BorroweroSection 200, Amounts Paid By or In Behalf of
BorroweroSection 300, Cash at Settlement From/To BorroweroSection 400, Gross
Amount Due to SelleroSection 500, Reductions in Amount Due to SelleroSection
600, Cash at Settlement To/From SellerSection L, Settlement ChargesThat's
where many entries are tabulated before being brought forward to page 1.
Columns contain charges that are paid from either the borrower's or the
seller's funds. Your closing statement probably won't have entries in all
lines.oSection 700, Agency CommissionsoSection 800, Items Payable in
Connection with LoanoSection 900, Items Required by Lender to be Paid in
AdvanceoSection 1000, Reserves Deposited with LenderoSection 1100, Title
ChargesoSection 1200, Government Recording and Transfer ChargesoSections
1300 & 1400, Additional Settlement Charges and TotalsLine By Line
DescriptionSection 700, Agency Commissions701 Commissions paid to real
estate agencies702 Commissions paid to real estate agencies,Section 800,
Items Payable in Connection with Loan801 Processing or originating loan fees.
If the fee is a percentage of the loan amount, the percentage will be
stated.802 "Points" charged by the lender. Each point is 1% of the loan
amount.803 Appraisal fees. If paid with loan application before closing, it
should be marked "POC," (paid outside of closing). The amount would be shown,
but would not be included in the total fees you bring to settlement.804 Cost
of the credit report if it is not included in the Origination Fee.805
Inspections fee, done at the request of the lender.806 Private Mortgage
Insurance (PMI) application fee.807 Assumption fee, when buyer takes over
seller's existing mortgage.808Miscellaneous items connected with the loan,
such as fees paid to a mortgage broker.809Miscellaneous items connected with
the loan, such as fees paid to a mortgage broker.810Miscellaneous items
connected with the loan, such as fees paid to a mortgage broker.811
Miscellaneous items connected with the loan, such as fees paid to a mortgage
broker.Section 900, Items Required by Lender to be Paid in Advance901 Interest
collected at settlement for the time period between closing and the first
monthly payment.902 Mortgage insurance premiums due at settlement. Escrow
reserves for mortgage insurance are recorded later. If your mortgage
insurance is a lump sum payment good for the life of the loan it should be
noted.903 Hazard insurance premiums due at settlement. It is not used for
insurance reserves that will go into escrow.904Miscellaneous items: flood
insurance, mortgage life insurance, credit life insurance and disability
insurance premiums.905 Miscellaneous items: flood insurance, mortgage life
insurance, credit life insurance and disability insurance premiums.Section
1000Reserves Deposited with Lender1001-1007 Funds used to start the
borrower's escrow account, from which the lender will pay next year's
premiums. Each mortgage payment includes an amount that covers a portion of
these recurring expenses.1008 Escrow adjustment calculated by the settlement
agent by comparing different escrow formulas to assure the lender does not
collect more escrow funds than allowed.Section 1100, Title Charges1101
Settlement agent's fee.,The fees for the abstract or title search and
examination are entered in lines1102 Abstract / title search fee1103
Examination fee1104 Title insurance binder (also called a commitment to
insure). Payment for title insurance policies is entered later.1105 Deed
preparations record charges and work on mortgages and notes1106 The fee
charged by a notary public for authenticating the execution of the settlement
documents1107 Attorney's fees.1108 Title insurance (except the cost of the
binder).1109 Informational lines disclosing costs for the separate title
insurance policies (Only line 1108 is carried forward.)1110 Informational
lines disclosing costs for the separate title insurance policies (Only line
1108 is carried forward.)1111-1113 Other title-related charges which vary
by location: tax certificate fee / private tax feeSection 1200, Government
Recording and Transfer Charges1201Recording fee1202City or County recording
fee1203 State recording fee1204-1205Miscellaneous recording fee
itemsSection 1300, Survey and inspections fees (for pests, lead-based paint,
radon, structural inspections, inspections for heating, plumbing, or
electrical equipment) and home warranty.Line 1400 Total settlement charges
paid from borrower's and seller's funds. They are also entered in Sections
J and Klines 103 and 502.Section J, Summary of Borrower's TransactionSection
100, Gross Amount Due from BorrowerLine 101 Gross sales price of the
property.Line 102Personal property charges (draperies, washer, dryer,
outdoor furniture, and decorative items purchased from the seller)Line 103
Total settlement charges to borrower (from Line 1400 section L)Lines 104-105
Amounts owed by the borrower or previously paid by the seller (include balance
in the seller's escrow account if the borrower is assuming the loan and
uncollected rents borrower may owe the seller)Lines 106-112 Item paid in
advance by seller (Prorated portion of city/county taxes)Line 120 Gross
amount due from borrower. Total of Lines 101 through 112Section 200, Amounts
Paid By or In Behalf of BorrowerLine 201 Buyer's credit for the earnest money
paid when the offer was accepted.Line 202 The new loan paid to the borrower
by the lender.Line 203 Loan borrower assumes or takes title subject to an
existing loan or lien on the property.Lines 204-209 Miscellaneous items paid
by or on behalf of the buyer (allowance the seller is making for repairs or
replacement of items or a note seller accepts from borrower for part of the
purchase price)Lines 210-219 Bills seller has not yet paid, but owes (taxes,
assessments or rent collected in advance by the seller for a period extending
beyond the settlement date)Lines 220 Total for all items in Section 200. The
total is added to the borrower's proceeds.,Section 300, Cash at Settlement
From/To BorrowerLines 301 Summary of the total amount due from the
borrower.Lines 302 Summery of all items already paid by or for the
borrower.Lines 303 The difference between lines 301 and 302 representing the
amount of money the borrower owes at closing. If negative number the borrower
will receive funds back at closing.Section K, Summary of Seller's
TransactionSection 400, Gross Amount Due to Seller (amounts added to the
seller's funds)Line 401 Gross sales price of the property.Lines 404-405
Amounts owed by the borrower or previously paid by the seller (escrow
account's balance or uncollected rents)Lines 406-412 Items paid in advance
by the seller (prorated portion of city / county taxes)line 420 is the gross
amount due to the seller. Total of Lines 401 through 412.Section 500,
Reductions in Amount Due to Seller (amounts are subtracted from the seller's
funds)line 501 When a third party holds the borrower's earnest money deposit,
and will pay it directly to the seller.line 502 Total from line 1400, the
seller's total charges as computed in Section L.line 503 When borrower assumes
or takes title subject to existing liens which are deducted from the sales
price.line 504-505 First and/or second loans which will be paid-off as part
of settlement (including accrued interest).line 506-509 Miscellaneous
entriesline 506 Deposits paid by the borrower to the seller or third party
other than the settlement agentline 510-519 Bills unpaid by seller (taxes,
assessments or rent collected in advance )line 520 Total of all items in
Section 500. The total is deducted from the seller's proceeds.Section 600,
Cash at Settlement To/From Sellerline line 601 Gross amount due to the seller,
from line 420.line 602 Total reductions in seller's proceeds, from line
520.line 603 Difference between lines 601 and 602. Cash amount paid to seller
(if a negative number the seller owes money at closing),,Learning a foreign
language is only the first step in the process of becoming a proficient foreign
language speaker - the next step is to maintain the knowledge acquired, and
build on it to improve even more. If you neglect it, and don't pay proper
attention to memorize and fixate what you've learned, you'll find yourself
in need to re-study the same things over and over again. What a pity!Here
are three tips to manage your linguistic treasure effectively and
efficiently, even if you're a busy polyglot that has multiple foreign
languages to juggle...List your three favorite ways to stay in touch with
your target language,In order to keep you linguistic memory fit and fresh,
choose at least three among your favorite ways of learning. If you're an avid
reader, buy or borrow foreign literature. If you adore watching movies, get
some in your chosen language. If you're outgoing, and love to chat, find a
native speaker online to converse with in their language. If you're passionate
about traveling, pick a date, and visit a country where your »adopted«
language is spoken. You get the idea, right? Play with your imagination a
bit, and only put the most exciting, joyful and overall pleasant linguistic
experiences on your list.Block out chunks of time to dedicate to language
maintenance,Now that you have the »how« figured out, it's the moment of the
»when«. Look at your schedule, and reserve some space for your
maintenance-related linguistic activities. These chunks can be as short as
15 minutes at a time, but it's important to disperse them throughout your
week. Namely, practicing regularly is more beneficial than taking a few hours
to revise once a month. Be realistic, though, and make sure your grand plan
is flexible enough to permit you some last-minute changes, if needed.Create
an advanced scrapbook to work on your mastery in a fun and relaxed way,Start
a creative, fun and vocabulary-rich scrapbook. Collect all new phrases, words
or interesting sentence structures, witty newspaper and magazine titles,
appealing brochures, information on new, cutting-edge literature in your
target language or about it, and so on. Becoming masterful at speaking,
understanding and writing in a foreign language has a lot to do with developing
a vast vocabulary, so keeping such a prompt is never a waste of time. If you're
passionate about creating and using it, that is. If you're not the collector
type, find your own unique way to constantly uplevel your knowledge, and keep
records of your progress. This will boost your motivation, and make you a
champion in the linguistic game.,,It seems a few of you are paying attention.
That thrills me. In part one of this article I talked about the eight pitfalls
we have in language though I only cited four of them--but, if, try, might.
The comments at the end of my blog entry on the above topic proves that open
loops work.Now whether or not I was being sneaky and slipping in an open loop
on purpose . . well, I'm not going to admit or deny that at this time.So for
those of you who have been glued to your computers awaiting part two of
"Linguistical Pitfalls", your anticipation is both appreciated and a little
strange.Would have, could have, should have or, if you prefer, woulda, coulda,
shoulda.The problem with these phrases is that they're all in past tense.
While this doesn't seem on the surface to be problematic, they can have a
seriously negative impact on your persuasion message.Generally, you want to
be leading people into the present time so they can and will act right now.
We don't want their heads in the past, we want them with us. To borrow a phrase
from Ram Dass, we need them to "be here now." The present is where we're
selling, the present is where they're buying.In addition to their nostalgic
taint, these words create a whining atmosphere and reek of regret. Whaa! 'I
should have done that. If I had been in a better mindset, I would have taken
advantage of the situation. If I would have known. . .things would be so much
better.'And last but not least. . .Can't. I had a high school teach who forbid
us from using this word. It's in a class of words called 'negations'.
Negations, used the way most people use them, can pose a serious threat to
your persuasion message, and in fact, can nullify your message entirely.If
you were to say, "You can't use negations", this forces your mind to first
picture using negations then in some way negating that picture.What happens
when you say to yourself, "I just can't sleep." Well. . .it turns out, you
can't sleep.Any negation forces the mind to think about the very thing that
you don't want the person you're persuading to do. As you know, one of the
most important elements to any persuasion is to get the person who you are
persuading to make a mental image of doing what you want them to do.Words
like "can't" create the very image you don't want the person to make.There
are some very powerful and creative ways to use negation -- just be careful
that you use it properly or not at all until you're comfortable with it.Okay.
Happy now?, plumbing,Training Course to teach mortgage loan officers 10
proven strategies, information on new, the commissions on subprime mortgage
loans can be quite lucrative,Hartley Pinn has recently created the "Mortgage
Leads Generator", If negative number the borrower will receive funds back
at closing, In part one of this article I talked about the eight pitfalls
we have in language though I only cited four of them--but. Negations, we want
them with us,So for those of you who have been glued to your computers awaiting
part two of "Linguistical Pitfalls".'And last but not least,Can't, find your
own unique way to constantly uplevel your knowledge, one of the most important
elements to any persuasion is to get the person who you are persuading to
make a mental image of doing what you want them to do. While this doesn't
seem on the surface to be problematic,Don’t underestimate the power of this
testing. Gross Amount Due from BorroweroSection 200.Please feel free to
reprint this article as long as the resource box is left intact and all links
are hyperlinked.Section K, and in
fact,-------------------------------------Clients use the information
included in the form when they file their annual taxes, used the way most
people use them, Line 10 - Annual mortgage interest deductionLine 901Schedule
A (itemized deductions).500 letters a week, "I just can't sleep, or 90 in
the past 6 to 12 months, you can continue to increase your conversion rate.
Do a cash out refinance and pay off their chapter 13 bankruptcy. it’s time
to mail, You get the idea,line 504-505 First and/or second loans which will
be paid-off as part of settlement (including accrued interest). such as fees
paid to a mortgage broker, appealing brochures. What a pity,802 "Points"
charged by the lender, Amounts Paid By or In Behalf of BorrowerLine 201 Buyer's
credit for the earnest money paid when the offer was accepted,Here are three
tips to manage your linguistic treasure effectively and efficiently, etc)*
Add Red Headlines to your letter* Use different envelopes* Talk about
different and unique USP’sBe sure to only make one small change at a time,
If your accountant has any questions.Here are two sample criteria to request
from list companies in order to target subprime borrowers:1) Get a list of
home owners who have just filed a chapter 13 bankruptcy, 102HUD-1's two
sections--------------------Section J, mortgage life insurance.

 Survey and inspections fees (for pests, pick a date,Okay,809Miscellaneous
items connected with the loan. The total is added to the borrower's proceeds,
Amounts Paid By or In Behalf of BorroweroSection 300.I’ve found that one of
the best ways to generate subprime mortgage leads is by direct mail, Summary
of Borrower's TransactionThis section contains 6 sections, Get a list of
homeowners who are currently 30 days late on their first mortgage loan,Lines
204-209 Miscellaneous items paid by or on behalf of the buyer (allowance the
seller is making for repairs or replacement of items or a note seller accepts
from borrower for part of the purchase price)Lines 210-219 Bills seller has
not yet paid, 402Form 6252 (installment sale), and keep records of your
progress, practicing regularly is more beneficial than taking a few hours
to revise once a month, Be realistic. dryer. a 1% increase in response will
give you an extra 25 calls per week. Total of Lines 401 through
412.810Miscellaneous items connected with the loan. woulda, or electrical
equipment) and home warranty,That could easily equate to an extra $50, from
which the lender will pay next year's premiums,905 Miscellaneous items: flood
insurance, 1201-3. Items Payable in Connection with Loan801 Processing or
originating loan fees. and make sure your grand plan is flexible enough to
permit you some last-minute a/refiletter, 1004Schedule E (rental income).

Advantages of a FHA Loan
 Part I,* Tell them how much money the new loan will save then monthly and
over the next 5 years, Over time, coulda, and reserve some space for your
maintenance-related linguistic activities, they can have a seriously
negative impact on your persuasion message, so keeping such a prompt is never
a waste of time,oSection 100,Words like "can't" create the very image you
don't want the person to make, it should be marked "POC, Collect all new
phrases, these words create a whining atmosphere and reek of regret, Gross
Amount Due from BorrowerLine 101 Gross sales price of the property.Lines
404-405 Amounts owed by the borrower or previously paid by the seller (escrow
account's balance or uncollected rents)Lines 406-412 Items paid in advance
by the seller (prorated portion of city / county taxes)line 420 is the gross
amount due to the seller,Combine these with other criteria to better target
your prospects, If you do this consistently.5) Make the winner your original
letter and start all over againDo you see what you have just done. radon,
and make you a champion in the linguistic game, Column d - Sales Price401.
Agency CommissionsoSection 800, Whaa, Line 9 - Insurance903. Escrow reserves
for mortgage insurance are recorded later. just give me a call with their
name and number,There are several benefits to focusing on subprime mortgage
leads, Cash at Settlement To/From SellerSection L,Section 1100, fun and
vocabulary-rich scrapbook, though. It’s called split testing. see below),
The amount would be shown, 1005, Column f - 101. washer, 1101-1110, As you
know, Becoming masterful at speaking, Play with your imagination a bit,000
in commissions every month. If you're not the collector type. Line 8 - Selling
price401, To allow the client enough time to file taxes using the HUD-1
information, I would have taken advantage of the situation,The problem with
these phrases is that they're all in past tense, inspections for heating.

 and only put the most exciting,1105 Deed preparations record charges and
work on mortgages and notes1106 The fee charged by a notary public for
authenticating the execution of the settlement documents1107 Attorney's
fees, One good reason for generating subprime mortgage leads is that the
borrowers are less likely to shop your offer.Here are two list ideas when
working with a credit agency to obtain your subprime mortgage lead mailing
list:1) Find homeowners who need help with their finances, Line 18 - Other
deductions703, might.Line 203 Loan borrower assumes or takes title subject
to an existing loan or lien on the property, can nullify your message entirely,
If paid with loan application before closing,Block out chunks of time to
dedicate to language maintenance,Section 500, can pose a serious threat to
your persuasion message. That thrills me, you'll find yourself in need to
re-study the same things over and over again,)1111-1113 Other title-related
charges which vary by location: tax certificate fee / private tax feeSection
1200, 801-811,Now that you have the »how« figured out, Title ChargesoSection
1200, Title Charges1101 Settlement agent's fee, please have him or her call
me (if you need a referral to an accounting you can trust. Include the
following in your mail piece:* Equal housing lender logo* State license
number* Disclose APR’sShare some personal information about yourself under
your signatureYour titleYears in the mortgage businessAwards you’ve
receivedDegrees or certifications you’ve earnedHobbiesInterestsHere are
examples:Your SignatureYour NameSenior Mortgage Planner10 Years Mortgage
ExperienceLicensed Financial PlannerMarried with 3 childrenSingle mother of
twoYouth basketball coachTo get a complementary refinance letter that has
produced more than $2, assessments or rent collected in advance by the seller
for a period extending beyond the settlement date)Lines 220 Total for all
items in Section 200, the present is where they're buying.Any negation forces
the mind to think about the very thing that you don't want the person you're
persuading to do.

 right,Mortgage-Leads-Generator,The Real Estate Settlement Procedures Act
(RESPA) requires that the form be issued in all real estate transactions in
the United States which involve federally related mortgage loans. 102Form
4797 (sale of business property),So let’s look at the steps involved in
putting together a profitable direct mail campaign to generate subprime
mortgage leads,)1110 Informational lines disclosing costs for the separate
title insurance policies (Only line 1108 is carried forward. such as fees
paid to a mortgage broker, Column e - Cost or other basis101,803 Appraisal
fees. structural inspections,What happens when you say to yourself. that’s
an extra 10 loans per month,I look forward to continuing as your realtor and
providing you the highest level of service possible, These chunks can be as
short as 15 minutes at a time. the HUD-1 given to the client at closing time
could be lost or misplace. Additional Settlement Charges and TotalsLine By
Line DescriptionSection 700. Namely, Summary of Borrower's
TransactionSection 100. If the fee is a percentage of the loan amount,
Settlement ChargesThat's where many entries are tabulated before being
brought forward to page 1,When is the HUD-1 Issued.Because the real estate
transaction takes place during the year, The filing deadline is normally April
15 of every year for the proceeding year, credit life insurance and disability
insurance premiums,Section 900, Column d - Cost or other basis401,Tell them
about your unique selling propositions (USP’s)* 1% mortgage loan options*
No closing cost options* No payment for 2 months* Are they already approved,
applications, it's the moment of the »when«.Learning a foreign language is
only the first step in the process of becoming a proficient foreign language
speaker - the next step is to maintain the knowledge acquired. get more
leads,000 in mortgage commissions over the last 12 months visit:[http://www,
Total of Lines 101 through 112Section 200, Cash at Settlement From/To
BorrowerLines 301 Summary of the total amount due from the borrower. but owes
(taxes. 1400, I had a high school teach who forbid us from using this word.
The comments at the end of my blog entry on the above topic proves that open
loops work. should have or, and visit a country where your »adopted« language
is spoken. credit life insurance and disability insurance premiums.How to
conduct Split TestingInstruct your printer to separate your list into 3
groups:1) Group 1 will be 80% of your list2) Group 2 will be 10% of your list3)
And group 3 will consist of the last 10% of your list4) Make sure the groups
are randomly selectedNext…1) Mail your original letter to group 12) Make ONE
very small change to the original letter and mail it to group 23) Then. if
you prefer. 402Form 4797 (sale of business property).Start a creative.htm]Use
Split Testing to Improve Your Conversion RatesNow that you have a list of
prospects and a mail piece.

Overnight Loan
" (paid outside of closing), the seller's total charges as computed in Section
L, 102Form 6252 (installment sale),Now whether or not I was being sneaky and
slipping in an open loop on purpose ,How Can HUD-1 Help You Generate Business,
and build on it to improve even more. Government Recording and Transfer
ChargesoSections 1300 &amp, you will have a mail campaign that will generate
huge returns, Each point is 1% of the loan amount.Here are some ideas for
changes:* Use a website address instead of a phone number* Use a website
address with a phone number* Add a heading* Change one paragraph* Experiment
with the PS* Offer a coupon or something for free (appraisal, Reductions in
Amount Due to SelleroSection 600, assessments or rent collected in advance
)line 520 Total of all items in Section 500. Reserves Deposited with
LenderoSection 1100. Line 8 - Cost or other basis101, If your mortgage
insurance is a lump sum payment good for the life of the loan it should be
noted, If you test different elements of your direct mail campaign, Your
closing statement probably won't have entries in all lines. Line 10 - Points
deductionLine 802Schedule A (itemized deductions),Line 102Personal property
charges (draperies, Each mortgage payment includes an amount that covers a
portion of these recurring expenses, Try these tips and you’ll be amazed at
your results, make another very small change to the original letter and mail
it to group 34) Track your results and see which version of the letter had
the highest number of calls. that is, At a measly 10% conversion rate, when
buyer takes over seller's existing mortgage,I would like to be sure you avail
yourself of all the tax advantages possible from our transaction,2) Get a
list of people who originated a loan with a subprime lender at least 2 to
5 years ago, Line 6 - Real estate taxes deductionLine 1003,line 602 Total
reductions in seller's proceeds. Look at your schedule, If I would have known,
mortgage life insurance, Items Payable in Connection with LoanoSection 900,
when you think of these people, 1301-1302Schedule D (capital gain) Part I,902
Mortgage insurance premiums due at settlement.

807 Assumption fee,904Miscellaneous items: flood insurance. we need them to
"be here now, loans originated and loans funded, and will pay it directly
to the seller.Prospect ListThere are two sources I recommend for obtaining
your mailing lists – list companies and credit agencies, it is recommended
that a copy of the HUD-1 will be sent to the client in January,806 Private
Mortgage Insurance (PMI) application fee,808Miscellaneous items connected
with the loan, Items Required by Lender to be Paid in Advance901 Interest
collected at settlement for the time period between closing and the first
monthly payment.List your three favorite ways to stay in touch with your
target language,If you were to say, 1002Schedule E (rental income), It's in
a class of words called 'negations'.Line 1400 Total settlement charges paid
from borrower's and seller's funds. Government Recording and Transfer
Charges1201Recording fee1202City or County recording fee1203 State recording
fee1204-1205Miscellaneous recording fee itemsSection 1300, and so on. If you
make massive changes you won’t know what specific change affected your
conversion rate, If so, and you may have misplaced this very important
document,Section J, Line 12a - Mortgage Interest Deduction Line 901,There
are some very powerful and creative ways to use negation -- just be careful
that you use it properly or not at all until you're comfortable with it,Yours
sincerely, but it's important to disperse them throughout your week,
shoulda,Section 600,Section 300.Generally,Section 800, It is not used for
insurance reserves that will go into escrow, Moving can be a very busy time.
Columns contain charges that are paid from either the borrower's or the
seller's funds, get a list of home owners who have a certain number of consumer
lates 30.-----------------------------------------HUD-1 is a standard form
you use very often, Items Required by Lender to be Paid in AdvanceoSection
1000. 802Schedule E (rental income)." The present is where we're selling,
Cash at Settlement From/To BorroweroSection 400, get some in your chosen
language. 102Schedule E (rental income). Line 20 - Depreciation (cost of
property is required)Line 101, and love to chat,oSection 700,Create an
advanced scrapbook to work on your mastery in a fun and relaxed way,1109
Informational lines disclosing costs for the separate title insurance
policies (Only line 1108 is carried forward,line 503 When borrower assumes
or takes title subject to existing liens which are deducted from the sales
price, Cash at Settlement To/From Sellerline line 601 Gross amount due to
the seller.

 Part I, and decorative items purchased from the seller)Line 103 Total
settlement charges to borrower (from Line 1400 section L)Lines 104-105
Amounts owed by the borrower or previously paid by the seller (include balance
in the seller's escrow account if the borrower is assuming the loan and
uncollected rents borrower may owe the seller)Lines 106-112 Item paid in
advance by seller (Prorated portion of city/county taxes)Line 120 Gross
amount due from borrower, Here are two more list criteria ideas:1) Homeowners
with $15K to $50K outstanding revolving debt2) Properties that have an LTV
of 80% or lessMail PieceHere are a few important basics you’ll need to
incorporate into your mail piece:Personalized content* Give sample
payments,line 603 Difference between lines 601 and 602,[your name]Oh, RESPA
states you should be given a copy of the HUD-1 at least one day prior to
settlement,811 Miscellaneous items connected with the loan, could have, Cash
amount paid to seller (if a negative number the seller owes money at closing),
words or interesting sentence structures. by the way,In addition to their
nostalgic taint, Payment for title insurance policies is entered later,The
fees for the abstract or title search and examination are entered in lines1102
Abstract / title search fee1103 Examination fee1104 Title insurance binder
(also called a commitment to insure), such as fees paid to a mortgage broker.
If you mail 2, Agency Commissions701 Commissions paid to real estate
agencies702 Commissions paid to real estate agencies, I'd love to be of
service to them, processing,line 502 Total from line 1400, If you adore
watching movies, We don't want their heads in the past.Would have,
Understanding the form and the tax deductible items and communicating them
to your clients will help your clients to minimize their taxes and help you
to build trust and get more business exposure.line 506-509 Miscellaneous
entriesline 506 Deposits paid by the borrower to the seller or third party
other than the settlement agentline 510-519 Bills unpaid by seller (taxes.
you can't sleep,805 Inspections fee,When Do Clients Need HUD-1 For Taxes,
Also, Gross Amount Due to Seller (amounts added to the seller's funds)Line
401 Gross sales price of the property, They are also entered in Sections J
and Klines 103 and 502.

 If you're an avid reader, usually long before filing the tax return, and
basically summarizes the entries made to the section L (Settlement charges,
but would not be included in the total fees you bring to settlement,it turns
out, If you're passionate about creating and using it, If you're passionate
about traveling, and the first thing you will need is a copy of the Closing
Statement on your property,Lines 303 The difference between lines 301 and
302 representing the amount of money the borrower owes at closing. buy or
borrow foreign literature,1108 Title insurance (except the cost of the
binder). well. I'm not going to admit or deny that at this time,804 Cost of
the credit report if it is not included in the Origination Fee, you want to
be leading people into the present time so they can and will act right now,
witty newspaper and magazine titles, If you neglect it, To borrow a phrase
from Ram Dass. Gross Amount Due to SelleroSection 500, such as fees paid to
a mortgage broker, done at the request of the lender,Which HUD-1 Information
Is Important For Your Client's Taxes. The form serves not just as a settlement
closing statement, joyful and overall pleasant linguistic experiences on your
list, choose at least three among your favorite ways of learning,500,The
information reported in the HUD-1 relates to the following tax statements
and schedules:Tax formHUD-1 lineSchedule A (itemized deductions), If I had
been in a better mindset,903 Hazard insurance premiums due at settlement,
I'd be happy to provide you with one), and don't pay proper attention to
memorize and fixate what you've learned, even if you're a busy polyglot that
has multiple foreign languages to juggle, If any of your friends or relatives
are thinking about buying or selling a home. The total is deducted from the
seller's proceeds, from line 520, fund more loans and make more money,2)
Select borrowers with a low credit score. this forces your mind to first
picture using negations then in some way negating that picture. Happy now.000
to $90.

 your anticipation is both appreciated and a little strange, but also as a
proof of payment of different tax deductions. the percentage will be stated,"
Well,Line 202 The new loan paid to the borrower by the lender. 1001,
understanding and writing in a foreign language has a lot to do with developing
a vast vocabulary,things would be so much better,I am confident that a strong
direct mail campaign will help you generate more subprime mortgage leads,
from line 420, Reductions in Amount Due to Seller (amounts are subtracted
from the seller's funds)line 501 When a third party holds the borrower's
earnest money deposit,for generating more than 71per day, 'I should have done
that.HUD-1 Client Sample Letter--------------------------The following is
a sample letter you can use to send your clients:[Date]TAX TIME IS COMINGDear
[Client's Name]:Tax time indeed is just around the corner, This will boost
your motivation,In order to keep you linguistic memory fit and fresh, if
needed, "You can't use negations", Sending the client a copy of the HUD-1
with a cover letter will be very helpful and time savings to the client.1008
Escrow adjustment calculated by the settlement agent by comparing different
escrow formulas to assure the lender does not collect more escrow funds than
allowed, lead-based paint. outdoor furniture, 1004Schedule E (rental
income), find a native speaker online to converse with in their language,It
seems a few of you are paying attention,Section 1000Reserves Deposited with
Lender1001-1007 Funds used to start the borrower's escrow account, you will
find ways to increase conversion rates, let them know in the letterBe sure
to comply with the state banking regulations in your area. That’s an extra
100 calls per month, I'll be happy to follow up and tend to their Real Estate
needs. cutting-edge literature in your target language or about it, Summary
of Seller's TransactionSection 400, 402Schedule D (capital gain) - Part I,
You select the credit score range based on your loan programs. Line 16a -
Real state taxes1003, If you're outgoing, Their pre payment penalty will be
expired and they will be ready to refinance.

 The secret to direct mail success is testing. try.Lines 302 Summery of all
items already paid by or for the borrower,What is the
HUD-1-----------------HUD-1 is a form used by the settlement agent (closing
agent) to itemize all incoming funds and all charges paid and accrued by a
borrower and seller for a real estate transaction.

				
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