REOPro - Real Estate Default Professionals

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Franklin E. Rodebaugh
  • Male
  • Indianapolis, IN
  • United States
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Franklin E. Rodebaugh's Discussions

Seneca Mortgage Serving

Started this discussion. Last reply by Kevin Hill Sep 20, 2016. 1 Reply

REO Ticker

Started this discussion. Last reply by Marqueze D. Williams, Sr, NRBA Mar 9, 2011. 10 Replies

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I service the following counties.....
Multiple counties in Indiana and California
Enter your state in the 2 letter abbreviation format.
Indiana and California
I have the following REO Certifications, Designations and Memberships
•Five Star Professional Certified
•REO Maestro
• REO Trans Certified
• ResNet Certified
• DARES System
• Disposolutions
• New Invoice
• QuickBooks
• Member NAR, Indiana Association of Realtors, Anderson-Madison County Board of Realtors, Metropolitan Indianapolis MLS, Central Indiana Regional MLS, Mid-East Indiana MLS, Ft. Wayne Indiana MLS, Northeast Indiana MLS and other secondary affiliations with numerous boards and MLS services.

Franklin E. Rodebaugh's Blog

FHA makes Policy Changes to Lower Risk

Posted on January 21, 2010 at 8:20am 0 Comments

I just saw this article by Carrie Bay of DS News. Something we will all need to keep in mind as we qualify buyers.



The Federal Housing Administration (FHA) said Wednesday that it is raising homebuyers’ up-front costs for mortgage insurance, tripling downpayment requirements for borrowers with low credit scores, and cutting seller concessions in half.



The agency says the new policies for its government-insured mortgages will help FHA better manage loan risk and losses.… Continue

Non-Current Mortgages Hit Record High 13.2%: LPS

Posted on January 12, 2010 at 7:32am 0 Comments

The article below, by Carrie Bay, DS News tells us, if we read between the lines, that there are HUGE opportunities available. Not only in REO listings, but also with modifications and short sales. Don't miss out.



One in every 7.5 homeowners with a mortgage in the United States is either behind on their payments or in foreclosure, according to new data released by Lender Processing Services (LPS) Monday. That equates to a record high 13.2 percent of the nation’s home… Continue

FANNIE MAE ADOPTS NEW REO POLICY

Posted on January 8, 2010 at 7:54am 0 Comments

From DS News- Author: Brittany Dunn



Fannie Mae Adopts New REO Policy

01/06/2010 By: Brittany Dunn



In an effort to expedite REO sales, Fannie Mae has adopted a new policy. As part of this policy, Fannie Mae may accept offers to purchase homes it has repossessed without







notifying loan servicers, and loan servicers may be required to reimburse Fannie Mae for a loss if it turns out the original mortgage on the home did not meet its eligibility or… Continue

Changes to Short Sale Laws

Posted on November 12, 2009 at 9:39am 11 Comments

According to the Indiana Association of Realtors (IAR Advocate 11/06/09), it is now Indiana state law that lenders must acknowledge short sale offers within 10 days. Under the 2008 law, lenders then have 30 days from receipt of the offer to accept or reject the offer.

There is an on-line complaint form that can be filed with the Indiana Department of Financial Institutions (DFI). The DFI uses the complaints to track and establish patterns with certain lenders and use regulatory authority… Continue

Court Rules Against Lender's Attempt to Cut Out Commission During a Short Sale

Posted on October 7, 2009 at 1:08pm 3 Comments

This artice was sent to me by one of the MLS services we belong to. The source is: Realty Times - Bob Hunt, NAR Director



I am certain that this will be of interest to anyone who does Short Sales.





One reason that many real estate agents are less than enthusiastic about short sales is that, too often, a commissionectomy may be involved. By demanding a certain amount of net proceeds, the lender effectively cuts the commission that had been stipulated in the listing… Continue

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At 2:50am on August 16, 2013, Doug Williamson said…

Doing great.  Looking forward to being a part of the RealtyPilot growth explosion. 

At 3:03pm on April 30, 2010, Rob Elliott said…
Hello Franklin,

We are a locally owned business and we pride ourselves on our rapid response and quality of work. We cover most of Central Indiana and we are licensed, bonded and insured. We would like the opportunity to become one of your vendors.

We have a proven track record of performance combined with over twenty years of experience in all facets of Construction, Remodeling, Property Preservation and Restoration.

We also have specialists that will help you deal with your Insurance company in the event of any severe property damage.

Hers is a list of some of our services:

24/7 Emergency Service

Water & Fire Damage Services

HVAC Repair & Replacement

Storm Damage Repair

Assistance Filing Insurance Claims

Property Inspections

Tarping

Board Ups (home, pool, hot tub, etc…)

Carpenter Work

Electrical

Fence Repairs

Flooring

Initial Cleaning & Periodic Cleaning

Initial Lawn Service

Lawn Maintenance

Pest Control & Extermination

Plumbing

Re-key Locks

Remodels

Repairs

Snow Removal

Trash outs

Vehicle Removal

Window Replacements

Winterization/De-Winterization

OTHER JOBS -- Just Ask!

If you have any questions, my direct cell phone number is 317-523-4993 or you can reach me by e-mail at: catconstructionrep@yahoo.com .

Rob Elliott
317-523-4993
catconstructionrep@yahoo.comDelete Comment
 
 
 

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