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Did you know that Personal Judgments can affect your Short Sale? June 7, 2013

Posted by orlandoshortsalefl in Bank of America short sale, FHA short sale, Florida Foreclosure, Foreclosure in Orlando, judgments and short sales, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, orlando realtor, Orlando Short Sale, Orlando short sale Realtor, short sale, Wells Fargo short sale.
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My husband Scott who is also a Realtor works very hard and very smart. Our specialty….Short Sales of course. 

Recently Scott has been working diligently on a Short Sale due to the Pending Foreclosure Sale date. As you know when that date is set, the clock it is a ticking. By the way Scott works diligently for all of his sellers. Well the title work came back and there are personal judgments against the seller. Can these personal Judgments prevent this Short Sale from closing? The answer is:  Yes they can.

Let me explain. A personal Judgment goes against the Seller and although it’s not attached to the Home it’s attached to the person trying to sell their home which can prevent the sale unless satisfied. So let’s talk about what types of personal judgments there are.  You can have a small claims case in which it didn’t go in your favor. You may have a criminal traffic ticket that hasn’t been paid or you were sent to collections court in the Clerk of court for that ticket. You may even have a credit card you stopped paying on years ago and just never did anything about it. These are just a few examples.

Now here is what you need to know. These types of challenges can ultimately hurt your chances of selling a home, but like any challenge there is always a solution. Here are a few steps you can take to correcting a situation like this. First off, when your listing your home in a Short Sale be up front with your Realtor/Broker, tell them about these outstanding items. Remember we are trained to handle these types of challenges. You can also pay them to get them recorded and satisfied. And if this is your personal residence you can file what’s called a “Notice of Homestead”, which then has to be sent to all creditors and there’s a 45 day response period before they are no longer active.

If we know about these Judgments upfront, we can give you the information you need to make this a Successful Short Sale.  

One more thing…. We understand it may be difficult to tell us this personal information that you may feel uncomfortable but just remember we ALL have bumps in this road we call life and in the end we ALL put our pants on the same way. One leg at a time.

Hope this helps those that are reading my Blog today.

Wendy Golding

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Cypress Fairway Condos in Orlando Rent versus Owning June 4, 2013

Posted by orlandoshortsalefl in cypress fairway condo Orlando, Orlando Condo, Orlando real estate, orlando realtor, Orlando Short Sale, Orlando short sale Realtor, short sale.
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I received a call from my cousin Ashley last night. Ashley is recently engaged to a super nice guy his name is Chris. They are both in the mid twenty’s and are planning their upcoming nuptials. Ashley is a Physical Trainer at the YMCA and Chris is an up and coming Golf Professional. They are going to have a wonderful life together.

Anyway Ashley is renting at Cypress Fairway in Orlando 32811, it’s between Universal Studios and Millenia Mall. It’s a Gated Community with nice amenities and a great location that’s very central to both their jobs.  Well last night her landlord calls her and asks her if she and Chris would like to buy the Condo for $70,000. Excited at the possibility Ashley took down the information ended the call and started her due diligence. That’s right she called her cousin who is a Real Estate Broker and asked me to check out the values for the unit. Good Job Ashley!

The landlord is asking $70,000 for the unit. This morning as I am checking out the values I noticed the asking price is over the value by nine to ten thousand dollars. That’s ok I thought, because the price is always negotiable.  But then I started to think that Ashley and Chris once married may outgrow this one bedroom one bathroom condo pretty fast.  But on the other hand this may be a good investment for them and if they could live there for two years after they are married and allow the unit to appreciate they could actually make enough money from the unit to put a nice down payment on a home.

So the point of this Blog is to ask yourself these very questions when you are approached with buying your rental.  

Rental versus Owning, well Yes owning will always come ahead because it’s more economical as well as a good investment.  But…..what do you see in your future? Will the size of your rental accommodate your future needs? With a young couple like Ashley and Chris you never know once they are married if two becomes three.  Just my thoughts and I hope this helps Ashley and Chris and maybe those that are reading this Blog today.

 When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Our Jerry Maguire moment as Realtors June 3, 2013

Posted by orlandoshortsalefl in Foreclosure in Orlando, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, orlando realtor, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale, short sale realtor.
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My husband Scott and I recently went on our annual week vacation; by the way Scott is also a Realtor. We prepared all of our clients, title agents and our fellow Realtors that we would be going on a Cruise and unable to be contacted. We were very diligent in thinking of every possible scenario that could become a challenge in our absence and we put in place steps for parties in the transactions to follow if they were to occur. We stepped on the ship and shut down our phones, put on our sunscreen and we were in Cruise mode.

As Realtors we all know how necessary vacations are. As Realtors we all fear something will go wrong with our Pending transactions while we’re on vacation. So how does this work, how can we enjoy our vacation that is overdue and needed to maintain our Family life? You just do!

It was when we were on our Cruise that both Scott and I had a Jerry Maguire moment. It was on this vacation that we both solidified we are doing things right. Not by making money right but Right meaning by people right. Let me explain.

The Cruise has an Art Auction which my Husband Scott had encouraged me to attend, having never attended an Art Auction and a lover of Art we attended. We had the best time; we enjoyed the Art, the stories behind the Artists and energy in the gallery. The auction lasted about an hour and a half, we had champagne and were given a auction paddle for bidding and bid we did. I have to admit we were caught up in the Art, the emotion of the artist’s stories and the energy from the auctioneer. Next thing you know we committed to $380.00 in Art, which we couldn’t have been more thrilled. After the auction a member of the Gallery comes to you and scheduled a time for you to come in and settle the payment. No problem we said they had 6pm available. When 6pm came we were there and the $380 turned into $2300 with framing and shipping. Still fine about it, we left about 7pm.

Fast forward to the last day of the Cruise and yet another Auction and another $5000 later, yes we bought more Art. We went back at 6pm to settle, then to the Customer Service desk to add another credit card then back to the fun. We went to dinner and gave our well wishes and tips to the dinner team and we were off to the Casino. We played penny slots and on our 3rd spin we won $983, I know right? We couldn’t believe it, we were so excited and our server was excited too and behind us was also our Gallery Rep who didn’t seem excited. We’re all smiles and he just tells us he had the ship service dept track us down by where we using our sign and sail cards last. We’re like HUH? He goes on to tell us the 2nd credit card could not be charged without removing the first credit card on the account and he had to balance the books. The gallery rep had a tone and insisted we go to Customer Service to handle this immediately. Scott said we have plans for the comedy show and it will have to wait until we return. The gallery rep once again insisted we take care of this now and again with the tone. We were both firm and said after the show.

So we went to the show, it was hilarious the comedian was new to the ship and we never laughed so hard. When the show was over we stand up to leave and who was behind us, you got it the Gallery Rep. Enough was enough, Scott and I looked at each other like are we being stalked? Again the Gallery Rep with his tone and insistence. This was enough, we told him to cancel the 2nd auction items and we’ll just take our 1st day pieces he would not take no for an answer and asked us to come to the Gallery with him. Keep in mind, the money at this point was not the issue. We did go back to the gallery, and it just went from bad to worse. We told him again, we’ll take the 1st day art and cancel the 2nd. The Gallery rep went on to tell us how he had to get up very early and had still to balance his books. At no point was the conversation about us, our love for the art, our last day of vacation and it being 2am. For a fourth time we told him to cancel the 2nd order and he made the fatal mistake of calling me “Sweetheart”. My husbands said don’t call her Sweetheart and I also said DO NOT call me Sweetheart. I gave him a lecture about how to treat clients and about what was right, what he did wrong and how his condescending words made me feel belittled. Ending my speech with Cancel everything! Scott and I exited the Gallery at 2:30am on our last night of our vacation feeling frustrated, angry and disappointed.

Sleeping was difficult; we just couldn’t understand this type of treatment from someone. We understand sales; we’re in sales we get it but like this. Never!

The next day, my Husband Scott and I talked about it some more. This is when we had our Jerry Maguire moment. We always knew we were doing things right by the families we worked with, but we never gave ourselves the credit we deserve. We put the money aside on every transaction and put the people first. The pay will follow once the family is taken care of and the job is done. We understand that when you’re Business Owners like we are the bottom line is important for the company to thrive and grow. We understand that a Company can’t stay in business unless it profits. We understand the economics of Business Development. But….. we also see how many families we help, with our competence and caring attitude. Scott and I are giving ourselves a big pat on the back because we are in it for the right reasons for our values, our families and our Clients.

It took Scott and I to be treated poorly to really understand what is most important to us as Business Owners and Realtors. It took our vacation our one week that we allow ourselves per year to finally get it and say to each another, “You’re doing it right!” “Good Job!” and “Keep up the good work”!

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Florida second highest in Foreclosure rate May 14, 2013

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosure, Foreclosure in Orlando, orlando foreclosure, Orlando pre foreclosure, Orlando Short Sale, Orlando short sales, short sale, short sale realtor, Stop foreclosure.
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The following information and chart is from realty trac.

Florida foreclosure starts dropped 27 percent from March to April, but for the second month in a row the state posted the nations’ second highest foreclosure rate: one in every 363 housing units with a foreclosure filing.

Although the state’s foreclosure starts decreased annually for the second straight month, scheduled foreclosure auctions in Florida increased 55 percent from a year ago in April — the fourth straight month with an annual increase in scheduled foreclosure auctions. Florida REOs in April increased 9 percent from a year ago, and the state has posted annual increases in REOs in 15 of the last 16 months.

Florida number 2 after Nevada for Underwater homeowners

Florida number 2 after Nevada for Underwater homeowners

Five Florida cities posted foreclosure rates in April that ranked among the nation’s top 10: Ocala at No. 2 (one in every 225 housing units with a foreclosure filing); Miami at No. 3 (one in every 269 housing units); Orlando at No. 4 (one in every 287); Jacksonville at No. 7 (one in every 345 housing units); and Tampa at No. 9 (one in every 384 housing units).

These stats are quite alarming as the rest of the nation seems to be recovering and we are still experiencing record foreclosures. So while the starts are decreasing the auctions are on the rise. I realize we need to get the foreclosures out of the way to recover, however the main stream media is not reporting these stats. With one in every 287 homes in Orlando being in Foreclosure.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Summerlin Winter Park Florida we have Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America, Bank of America short sale, Citi short sale, HAFA, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale investment property, short sale realtor, Stop foreclosure.
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WE HAVE CASH BUYERS FOR  SUMMERLIN AT WINTER PARK CONDOS

Dear Property Owner of Summerlin Condos at Winter Park:

My Name is Wendy Golding, Broker/Realtor/Owner of Asset One Realty, Inc.  My husband Scott Pagano and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Summerlin at Winter Park Condos located in 32792.  These are cash buyers who are very eager to own at this location.

Scott and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Summerlin at Winter Park.

Please contact us today, there are three ways to reach us: email:  assetonebroker@gmail.com

Wendy’s Cell Phone 407-470-3894 or Office Phone 407-299-1888

web: www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Wendy Golding

Broker/Realtor/Owner Asset One Realty, Inc.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Visconte Condos we have Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America short sale, Citi short sale, Citibank short sale, HAFA, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale investment property, short sale investor, Stop foreclosure, Wells Fargo short sale.
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WE HAVE CASH BUYERS FOR  VISCONTI

Dear Property Owner of Visconti:

My Name is Scott Pagano/Realtor with Asset One Realty, Inc.  My wife Wendy Golding and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Visconti located in Maitland FL.  These are cash buyers who are very eager to own at this location.

Wendy and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Visconti.

Please contact us today, there are three ways to reach us: email:  paganorealtor@gmail.com

Scott’s Cell Phone 407-427-4763 or Office Phone 407-299-1888 web: http://www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Scott Pagano

Realtor with Asset One Realty, Inc.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Bermuda Dunes Orlando Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America, Bank of America short sale, Bermuda Dunes, Citi short sale, Citibank short sale, Florida Foreclosure, Foreclosure in Orlando, HAFA, Mortgage insurance and short sales, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor.
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WE HAVE CASH BUYERS FOR  BERMUDA DUNES

Dear Property Owner of Bermuda Dunes:

My Name is Wendy Golding, Broker/Realtor/Owner of Asset One Realty, Inc.  My husband Scott Pagano and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Bermuda Dunes located in 32835.  These are cash buyers who are very eager to own at this location.

Scott and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Bermuda Dunes.

Please contact us today, there are three ways to reach us: email:  assetonebroker@gmail.com

Wendy’s Cell Phone 407-470-3894 or Office Phone 407-299-1888

web: http://www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Wendy Golidng

Broker/Realtor/Owner Asset One Realty, Inc.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Bermuda Dunes Orlando Short sale May 2, 2011

Posted by orlandoshortsalefl in Bermuda Dunes, Orlando real estate, Orlando Short Sale.
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WE HAVE CASH BUYERS FOR  BERMUDA DUNES

Dear Property Owner of Bermuda Dunes:

My Name is Wendy Golding, Broker/Realtor/Owner of Asset One Realty, Inc.  My husband Scott Pagano and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Bermuda Dunes located in Orlando 32835.  These are cash buyers who are very eager to own at this location.

Scott and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Bermuda Dunes.

Please contact us today, there are three ways to reach us: email:  assetonebroker@gmail.com

Wendy’s Cell Phone 407-470-3894 or Office Phone 407-299-1888
Web Site

We guarantee that we will get your Short Sale approved. Visit Video Web Site for videos on your Short sale Questions

Sincerely,

Wendy Golidng

Broker/Realtor/Owner Asset One Realty, Inc.

ASSET ONE REALTY INC. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

If you stop paying your mortgage, you could lose your home and damage your credit rating.

Visconti Maitland Short Sale May 2, 2011

Posted by orlandoshortsalefl in Orlando real estate, Orlando Short Sale.
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WE HAVE CASH BUYERS FOR  VISCONTI

Dear Property Owner of Visconti:

My Name is Scott Pagano/Realtor with Asset One Realty, Inc.  My wife Wendy Golding and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Visconti located in Maitland FL.  These are cash buyers who are very eager to own at this location.

Wendy and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Visconti.

Please contact us today, there are four ways to reach us: email:  paganorealtor@gmail.com

Office Phone 407-299-1888 Direct:407-427-4763 Web site
We guarantee that we will get your Short Sale approved. Visit Video web site for videos on your Short sale Questions

Sincerely,

Scott Pagano

Realtor with Asset One Realty, Inc.

ASSET ONE REALTY INC. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

If you stop paying your mortgage, you could lose your home and damage your credit rating.

Equator Bank of America March 24, 2011

Posted by orlandoshortsalefl in Bank of America, Bank of America Equator, Bank of America short sale, Equator short sale, Florida Foreclosure, Foreclosure, Foreclosure in Orlando, Orlando Short Sale, short sale realtor.
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We have now completed multiple short sales with the equator system. I will have to say BofA is now my favorite bank to work with. I still can’t believe I just wrote that. I was around when we had to fax BofA 4-5 times just to get the documents imaged. Well that has all changed for the better since Equator.

This systems allows me to upload all documents from the computer direct to the bank. The tasks are assigned as soon as we initiate the short sale. The first task is 3rd party authorization which allows me to speak to the bank on your behalf.

The next section is the offer worksheet which is very similar to your HUD-1. The numbers will show BofA their net on the short sale. Make sure your agent knows how to read a HUD-1 as these numbers must be accurate the first time.

After this usually within 24-48 hours you will have another task assigned to upload the MLS sheet, Purchase contract, HUD-1, property photo and MLS number. This is all done within the first 3-5 days. WOW! This document collection in the past would have been 4-6 weeks if not longer.

Now they will order the BPO for the valuation stage of the process. This is a good time to have the homeowner upload his documents. Pay stubs, bank statements, tax returns, hardship letter and financial worksheet. For my clients I upload all of these documents into the library under the tasks bar, upload supporting documents section.

The valuation stage moves fairly quick, I have actually had the BPO ordered within 3 days from this task assigned. The value comes in within a week. Now we move to my favorite part the negotiator. Again I am still shocked because old BofA would take months to get to this stage. Good job Bank of America for using Equator.

The negotiator will counter the first offer, ALWAYS. You do NOT have to accept the counter offer, you can counter the offer which we have done successfully every time on every file. They will usually ask for a price increase from the buyer and a prom note or cash contribution from the seller. This is the part where you want an experienced agent on your side with contacts at the bank in the VP, SVP position if needed. Wendy and I have these contacts and if necessary we will reach out to them if the negotiator is being unreasonable.

So thats it, the last file we had after countering 2 times the offer was approved within 27 days. 27 days, no that is not a misprint. I will say again BofA is my favorite bank to work with since the Equator system happened.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. Wendy and I have this and we have the documentation to back it up. Remember Foreclosure is the last resort. Contact me at http://www.scottnwendy.com or paganorealtor@gmail.com

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