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MIRELA MONTE
  • Female
  • North Myrtle Beach, SC
  • United States
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Rafael A. Nunez joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Aug 29, 2010
Mark Andrew Morgan joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Jun 17, 2010
Profile IconD.KATHY WOOD and Jennifer Mullen joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Jan 12, 2010
Profile IconStephen Weiner and Valerie L Whiteman joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Dec 20, 2009
Valerie L Whiteman commented on MIRELA MONTE's group MYRTLE BEACH REO's
"So, I am your latest member. Is there anything new going on? Looks like the posts have slowed. This is a great looking forum... how can I help keep it going?"
Dec 20, 2009
Robert NRBA Slick SC REO commented on MIRELA MONTE's group MYRTLE BEACH REO's
"This Friday I will be attending the Short Sale/ Foreclosure class offered at CCAR 9-4. I am attending b/c I want to compare real world with classroom theory and see what CCAR is teaching agents. I think this will give insight into buyers agents that…"
Nov 17, 2009
Robert F. M. Duncan commented on MIRELA MONTE's group MYRTLE BEACH REO's
"TGE is hosting a seminar in Nashville early December"
Nov 17, 2009
Robert F. M. Duncan commented on MIRELA MONTE's group MYRTLE BEACH REO's
"After Atlanta with NRBA and TGE we are restructuring the office to position ourselves for the radical change from LM to SS to REO/RTO to property mgmt to selle back to the original owner in 3 years. Ahh perception is sometimes greater than the truth."
Nov 17, 2009
Christine Leonhardt joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Nov 2, 2009
Christopher Webster joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Sep 18, 2009
Robert F. M. Duncan commented on MIRELA MONTE's blog post Lease To Own Agreements: Are They Dangerous?
"The public is only good as their word. I had two attys (husband and wife buyers) enter into such an agreement. Our client performed and the buyer did not. They however did not realize our client is a prosecuting atty. The second we just listed a…"
Jul 10, 2009
Dolores M. Rivinius commented on MIRELA MONTE's group MYRTLE BEACH REO's
"Special Thanks in starting this group it is sorely needed. Sincerely, Dolores M. Rivinius"
Jul 10, 2009
Dolores M. Rivinius joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Jul 10, 2009
Profile IconRonald Chestnut and Robert F. M. Duncan joined MIRELA MONTE's group
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MYRTLE BEACH REO's

With a high percentage of investment properties and second homes, Myrtle Beach has been hit hard by the Foreclosure Bug. Let's network to get these properties sold ASAP!See More
Jul 7, 2009
Rashida Nagarwala commented on MIRELA MONTE's blog post Lease To Own Agreements: Are They Dangerous?
"I have not seen a "real lease to purchase" agreement so far. What i have come across most of the times is 1. Have a lease agreement- giving first right of refusal to the tenants at the end of the lease term.(I always encourage my buyers to…"
May 22, 2009
Martin R. Tauger commented on MIRELA MONTE's blog post Lease To Own Agreements: Are They Dangerous?
"On the Selling Side....we have begun asking Tenants/Buyers to sign waivers of tenancy and quit claim deeds in the event of default. The Sellers have to provide the same timeframes as a bank, but normally upon a 90 day delinquency...the Seller can…"
May 18, 2009

Profile Information

Search for an REO Professional by entering your zip codes in this format XXXXX, XXXXX,
29526, 29527, 29528, 29572, 29575, 29576, 29577, 29578, 29582, 29585, 29587, 29588, 29597, 29598.
I service the following counties.....
Horry & a small part of Georgetown
Enter your state in the 2 letter abbreviation format.
SC
I have the following REO Certifications, Designations and Memberships
GRI, ABR, REOS, BIC, SC, NC, ALC Candidate

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MIRELA MONTE's Blog

Lease To Own Agreements: Are They Dangerous?

Posted on May 15, 2009 at 9:58pm 6 Comments



With the Banks' tightening of the money, there has been a resurgence of Lease to Own Agreements lately. Although these deals are popular with both Buyers and Sellers, they are not to be taken lightly. Here's why these instruments are potentially dangerous:





Danger for the Seller: If the Buyers stop making payments under a Lease to Own Agreement, the Seller can not evict them. Instead, the Seller has to institute foreclosure… Continue

Free MLS-friendly Virtual Tour - grab it during the next two weeks

Posted on March 1, 2009 at 12:51am 1 Comment

Via Real Bird (RealBird Inc.):





Listing presentation courtesy of

Brenda Magness, Brenda Blaser & Pam Yoakum Realty GroupAs many of you may know, the RealBird Listing Publisher service is one of the leading single property websites and listing syndication services. It is a completely free service with an extensive set of features that make it easy for you to market your listings online: through search engines, on classifed sites and social networks. Many of you may also… Continue

The Ocean Between Buyer and Seller

Posted on March 1, 2009 at 12:48am 1 Comment

I remember the good ol' days when the discrepancy between the Buyer's offer and the Seller's asking price was measured by mere thousands of dollars, signifying 1%-2% of the property's value. That disparity was like a little puddle of water we used to quickly and easily jump over and put the deals together.



Today I presented an offer to the bank for $165,000 less than the original asking price, a 34% reduction in value. Ouch! My advice: "Take the offer!" With 20 other properties… Continue

Bank A, Neighborhood Z

Posted on March 1, 2009 at 12:44am 1 Comment

As a follow up to my earlier blog: "The Ocean Between Buyer and Seller", here is my letter to the bank decision makers, arguing for the acceptance of a price which is $165,000 (34%) lower than the original asking price. This, along with the comps of this neighborhood and the adjoining neighborhoods, pictures and video of other, better priced listings will accompany this presentation tomorrow. Please give me any tips that may help me offer a more compelling argument!



Bank A,… Continue

Agents Using Cheap Lockboxes: A Legal Liability Waiting to Happen?

Posted on February 23, 2009 at 4:01pm 9 Comments

Agents Using Cheap Lockboxes: A Legal Liability Waiting to Happen?



Our MLS lockboxes are very expensive - they cost just above $100. They are computerized lockboxes that take a reading of every agent showing the property. The listing agent can get on the Supra Website (the Lockbox Vendor) and ascertain exactly when the property was shown and the agent who showed it.



The agent's name, telephone number and e-mail address is included, so the listing agent can quickly follow… Continue

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At 2:43pm on March 17, 2009, Akin Falodun said…
Hi Mirela,

How are you? How is the REO business working out for you so far?
I have been doing it for about a year now, its not bad but looking to trade ideas to improve.
What banks/asset managers have you had success with?
 
 
 

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