Amidst all of the action that has been happening around the office lately, we almost didn’t stop to share that HIS/REsearch enjoyed 100% uptime in the fiscal year ending 6/30/2009. Now if that’s not a great reason to celebrate I don’t know what is!
Wahoo!
Lin Suggests: If you have not signed up for the HAR outreach program, you should! The national speaker gave a very enlightening 3-hour talk on the use of social media .. blogging, Facebook, Twitter, etc. in a no-nonsense manner.
Interested? Go HERE to see the schedule of Education Seminars and Events hosted by HAR, as well as a place to register for them! If you go to a great one, please be sure to share what you’ve gained from it!
Agents asked for a “short sale” button. Agents asked for a “bank owned” button. Agents asked for a “foreclosure” button. With REsearch 4.2, we’ve added these buttons, and — with the help of our Realtor BoD — provided “hover help” explaining each of the new buttons.
However, some agents are not being selective in using these buttons, and a few agents are checking all of the buttons. Please think carefully to determine which button should be checked. Here’s a brief primer:
A property goes into the foreclosure process (pre-foreclosure) — “legal action by lender to gain control of the property” — when legal action is filed by the lender. Once the lender files a public default notice, a lis pendens attaches to the property, and the property is “in (pre)foreclosure.”
The (pre)foreclosure process can end one of four ways:
Therefore:
Please check only the appropriate boxes.
How do I filter out timeshare and fractional listings?
Tired of seeing timeshare and fractional interest listings when you want to see only single-family residential? You can eliminate timeshares and fractional interests from your search results by using the field “Type of Listing.”
Of course, the success of the search results depends upon accurate data entry. On both the residential and condo data input form, there is a field called “Type of Listing” and there is a checkbox for “fractional” on the residential data input form and for “timeshare” on the condo data input form.
If you are offering less than 100% ownership in the property, you MUST indicate the proper offering by checking the box in the data input form.
How do I identify “short” sales and/or foreclosure sales in a search?
HIS is in the process of adding a “short sale” disclosure to the other disclosures in the data entry process. In the meantime, you should search remarks for language that indicates a short sale or pending foreclosure.
If you are approached to list a property that is a “distressed” property, or if your listing becomes a distressed property after you have listed it, you must remember the criteria set forth in Act 137: “Mortgage Rescue Fraud Prevention Act.” This new law was covered in Core B of the mandatory continuing education. If you have any questions about your duty under the law, please discuss them with your Principal Broker or go here and log into HawaiiRealtors.com.
What is an oceanfront condo unit?
Ever wonder why a non-oceanfront condo unit was included in the search results for an “oceanfront” property?
There are two fields in the database that pertain to the definition of “oceanfront”.
Therefore, to search for an oceanfront condominium unit, you must ask for both “oceanfront parcel” and “oceanfront unit”.
Our office will be closed from December 25, 2008 through January 4, 2009. Normal office hours will resume on Monday, January 5, 2009.
Normal office hours are Mon-Fri, 8:00 a.m. to 5:00 p.m.
In case of emergency….
Leave a voicemail message along with your name and your contact information.
Mahalo!
HAWAII INFORMATION SERVICE
680 Iwilei Road, Suite 777
Honolulu, HI 96817
HawaiiInformation.com