Category Archives: Training

Need to do a Short Sale with Bank of America?

Bank of america people

Rick Perez and Matthew Hennesey from Bank of America

Yesterday, I spent some time at a presentation from Bank of America on how agents can more smoothly complete Short Sales with Bank of America loans. Bank Vice President Matthew Hennesey packed a ton of good information about how best to navigate the process and use their software called Equator to get transactions completed. It was good to see the bank taking proactive steps to try and get more Short Sales done, since their success has been erratic at best, and yet doing a Short Sale can save an investor 15% over the cost of a foreclosure. You can learn more about Bank of America’s Short Sale process at the link.
It was great training and information, so if you think you have need of doing a Short Sale and you have a Bank of America mortgage, call us. (530) 255 4070 Skip Murphy

What real estate agents need to know about water wells

Northstate Realtors need to know a lot about water wells. Outside of our local cities, or the unincorporated areas served by local water districts, a homeowner’s only choice is to rely on groundwater. Modern well systems are not extremely complex electromechanical devices, but like so many things in the world of real estate, the devil is in the details. There‚Äôs a lot to know. On March 9, we were pleased to have a local expert on hand to answer our questions, Michael Colbert of Shasta Drilling.

Michael Colbert of Shasta Drilling

Michael Colbert of Shasta Drilling

What does it cost per foot to drill a well? Where are there problems finding groundwater? What area sometimes has arsenic in the water? How do you sanitize a well? Does water witching work? All things a good local agent needs to know. Often, we are selling property to people who know nothing about water wells. Here is a diagram of a typical well system:
Water well HArdware courtesy of Campbell Manufacturing There is a lot more to water wells than a hole in the ground. We stay abreast of these things to serve our clients more skillfully. Thanks Michael!