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Home Liquidat _VERIFIED_


To provide good customer service, the estate liquidator lines up additional sales associates, and may recruit security guards if the sale contains especially valuable items. The liquidator advertises the sale in varied media, and often reaches a multitude of shoppers from their professional networks. This enables them to sell a large volume of items very quickly.




home liquidat



During the estate sale, the estate liquidator addresses all issues that may arise. After the sale concludes, they arrange for pick up of large paid-for items, and may ship other items to the purchasers. Finally, the estate liquidator ensures that all unsold items are removed from the home.


As part of their estate sale services, the estate liquidator advertises the sale to promote a good turnout. The estate sale company will likely place newspaper classified ads, promote the sale on their social channels, and send email notifications to their subscribers. They will also set up prominent street signs to attract adventurous shoppers.


In addition to advertisements, a good estate liquidation company lists upcoming sales on their website. EstateSales.org and EstateSales.net are two of the most-visited estate sale websites. They maintain searchable databases that list sales from New York to California.


An estate liquidator often has a strong background in the liquidation industry. Estate liquidators may own antique shops, or they may work as licensed auctioneers. Accredited appraisers may also make good estate liquidators.


Next, search the EstateSales.org and EstateSales.net databases for local estate sale companies. Once you reach out, expect to receive return calls or emails very quickly. Invite promising candidates to an interview at the home where the estate sale will take place. During the interview, present the sale items and discuss your sale logistics.


Liquidating the house: When a couple decides to sell their house as part of their divorce, it can be an effective way to free up equity in the martial property, which is then generally split between spouses. Each party can then walk away free to start over in the home buying process with what hopefully amounts to a substantial down payments on a new house.


Some couples work this out like a true real estate transaction with money changing hands. Others create agreements with stipulations such as one spouse keeps all equity in the home and assumes sole ownership, while the other spouse will get to keep their retirement plan without dividing it. These kinds of agreements are then written right into the divorce decree.


Given these pros and cons, how should you divide your home? To discuss which factors might apply in your situation, please contact us for an initial consultation. We also encourage you to read our other resources related to this topic:


Property liquidation happens when real property is seized either through estate liquidation or bankruptcy proceedings. In most property liquidations, all assets in the home are cataloged, priced and sold in an effort to get the most money to fulfill remaining debts along with the actual real estate property. The circumstances may change how the property liquidation is conducted.


An executor is a person who assumes the duties of liquidating an estate of a deceased person who does not have a trust to define how assets are distributed. Essentially probate courts hold the estate until assets pay off debts and then heirs are paid. The executor must file paperwork with the courts, collect all debt information such as mortgages, credit cards, taxes, auto loans and other personal debts. These must be paid off by the proceeds from the sale of property in the estate before heirs can receive any money in an inheritance.


When a homeowner is unable to meet the obligations of their home mortgage loan and become delinquent in payments, foreclosure proceeds start. The bank has the right to take the property back if a borrower is in default on the loan. The items in the home still belong to the borrower, so the entire estate isn't being liquidated. Once the foreclosure process is complete and the homeowner has vacated the property, the bank may hold an auction to liquidate the home and regain its capital funding.


When someone files for Chapter 7 Bankruptcy, the entire estate is liquidated so the existing debts can be paid. Chapter 7 discharges any remaining debt if the liquidation does not generate enough money to fulfill all existing debt. This is different from Chapter 13 that restructures debt based on a payment plan for someone with enough wages to pay the debt off over time. Once assets are liquidated and the assets are paid down, any remaining debt is discharged so that the filer is no longer responsible for the debt.


Kimberlee Leonard lived in the Bay Area while going to school at the University of San Francisco. Before becoming a full-time writer, she worked for major financial institutions such as Wells Fargo and State Farm. She has developed content for brands such as Trupanion, Live Your Aloha, Neil Patel and Home To Go. She currently lives in her home state of Hawaii with her active son and lazy dog.


Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Rida Sharaf, senior vice president of operations at USRES, to talk about the challenges and opportunities of providing REO liquidation for mobile homes.


Third, our expedited access and proficiency at adapting our existing technology to accommodate new product/asset workflows. Finally and perhaps most important, the experience of our tenured staff of real estate experts. Understanding the nuances of real property assets, specifically REO assets, has enabled us to quickly gather and master the unique idiosyncrasies associated with mobile homes.


All of these attributes positioned us perfectly to expand our industry-best REO management and liquidation services to the mobile home asset class. Simply stated, it just made sense, we have the capability, and there is a definite need.


The mobile home industry is a close-knit community with long-standing relationships between varying participants. Developing relationships based on trust and cooperation has been paramount. Taking the time to understand the needs, nuances, and expectations of our clients, mobile home dealers, manufacturers, vendors, and buyers has played a vital role in establishing our presence and value within this community.


At the forefront of this relationship building are professionalism and integrity. Once we established trust and clearly communicated our vested interest in the collective success of all parties involved, we quickly were able to begin streamlining procedures and process, thus making management and liquidation faster with heightened accuracy.


Just as important as the aforementioned relationships is the understanding of the regulatory guidelines involved with managing and liquidating mobile homes. Every state (and in some cases, county) has different rules governing the various aspects of the management and sale of this asset class. Being able to quickly aggregate, process, and learn these laws and guidelines was of the utmost priority.


Furthermore, we are in active discussions to develop even more robust tools to continue to expand our reach and transparency, while systematically improving execution and results related to the mobile home asset class.


A. As I mentioned earlier, our extensive experience in the management and liquidation of traditional REO Asset Management puts us in a unique position to successfully enter the mobile home REO space. Over the course of 25 years, we have gained a tremendous amount of knowledge from our clients, vendors, and specifically challenging situations, which has made us adept at problem-solving related to new products, processes, and the associated procedures necessary to be successful.


Can we determine the poverty levels of the population aged 65 and over without considering their assets? How much can we reduce poverty rates among older adults if their assets are liquidated? To answer these questions, we investigate poverty rates among older adults relatively by taking residential property into account using an actuarial method applied to a public reverse mortgage program. We use unique data collated by merging the Survey of Household Finances and Living Conditions by Statistics Korea and data on spouse information. We find that public reverse mortgage programs increase disposable income by approximately 20% on average for the population aged 65 and over, and the improvement is more effective in the low-income quintiles. Due to the income enhancement from reverse mortgages, poverty rates among older adults reduce significantly to about 31%, while it is 41% without the liquation of home equity. Therefore, the current poverty rate among older adults following the OECD standard may overestimate the poverty rate for people aged 65 and over and misguides the direction of welfare policies, and misuses government budgets for older adults.


On February 24, 2018, U.S. Customs and Border Protection will deploy Liquidation capabilities in ACE at which time liquidations will no longer be filed/processed in the Automated Commercial System (ACS) and must be done via ACE. Please note: posting of paper C16 notices at local ports was discontinued in January 2017 and replaced online with the Official Notice of Extension, Suspension and Liquidation. Details are outlined below.


New Weekly Processing: Liquidations will no longer occur on a two-week cycle. Liquidations will process weekly, with entry summaries liquidating every Friday. Once an entry summary is liquidated, ACE will automatically populate a liquidation date equal to the next immediate Friday. Liquidations processed before 11:59:59 PM Wednesday ET will post Friday of the same week; liquidations occurring after this timeframe will post the following Friday.


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