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Michael Howard
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Michael Howard's Discussions

Happy Thanksgiving all!

Started this discussion. Last reply by Juan Avila Nov 26, 2009. 1 Reply

Need some help...

Started this discussion. Last reply by Cesar Khandjian Sep 11, 2009. 3 Replies

How many of us are at REOMAC?

Started this discussion. Last reply by Regina P. Brown Apr 4, 2009. 1 Reply

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Search for an REO Professional by entering your zip codes in this format XXXXX, XXXXX,
91709,92324,92374,91761, 91730,91739,92404,92407,92346,92335,
92336,92377,92337,92313, 92344,92359,92374,92399,91763,91762,91764,
I service the following counties.....
North Orange, Riverside, San Bernardino


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I have the following REO Certifications, Designations and Memberships
RDCpro,Default school certified. REOnetwork (premium partner), RESnet, REOtrans.
How did you hear about REOPro Default Professionals
invited by Jesse via Linkdin
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(866) XCELINC x716
The Xcel Team is an experienced REO team who understand the needs of Asset Managers. Our professionals make communication our first priority as we recognize that we are your eyes in the field. Our team has specialists in BPO's, Property Preservation, Billing, Property Management and most importantly Marketing. We strive to get the most pull through with our web sites, & to get your asset sold faster, and we have the financial ability to market the property throughout the life of the listing. We look forward to working with you!

Michael Howard's Blog

Bank of America to Exit the Reverse Market and Forms Legacy Asset Servicing Division

Posted on May 6, 2011 at 1:58pm 0 Comments

How will this effect your current short sale negotiations? Direct

approved assigned short sales are coming fast but are current BofA REO agents

going to get those listings?

Bank of America Home Loans has announced that it will exit the

reverse mortgage origination business and move the unit’s operational resources

into other critical areas serving customers. Bank of America Home Loans will

continue to serve the needs of…


Chase Finds 16% of Mods Are 'Permanent’?

Posted on December 13, 2009 at 11:17am 7 Comments

Chase Finds 16% of Mods Are 'Permanent’?

A recent article highlights that JPMorgan Chase has over 140,000 borrowers in the HAMP program currently, and that only 16% will be or have been approved for “permanent” modification as they announced in Congress. Additionally only 29% of those made all of their payments on time during their 3 month trial and so now are ineligible for permanent mods. Begging the question, so is even the 16% number accurate?

This along with other examples… Continue

Whats Next?

Posted on October 1, 2009 at 8:30pm 1 Comment

So…Where are we heading in this market? Countless moratoriums at the Federal and State level. Moratoriums from the banks themselves trying to work out loan mod’s. Local Judges refusing to evict homeowners., Local sheriff’s doing the same. Now we have programs like HAMP and Court decisions like National Bank v. Kesler. There is such an underpinning of resentment from the American people against not only the Banks but corporate America as well. Will this sentiment continue to stall the… Continue

Another housing slump coming?

Posted on September 24, 2009 at 7:30pm 2 Comments

From MSN Money today. BofA and Wells Fargo have both been on the record stating that the "shadow inventory" does not exist. This is the third published report I have read that sates otherwise. As servicers continue to trickle product into the market there is a strong chance that this will prolong the housing slump for more than originally thought. The tsunami we have all heard about, while driving prices continually lower might rid the market of this distressed inventory faster and perhaps… Continue

Deutsche Sees 48% of All US Mortgages Underwater in 2011

Posted on August 7, 2009 at 9:45am 4 Comments

These are staggering numbers. I heard a lecture from an analyst from Anderson School of Business at UCLA which was a bit gloomier than this but these are some of the gravest predictions I have seen in print. Will we see more aggressive programs from the administration to combat the forecasts? The various moratoriums so far have had less than robust results. A contact at Wells Fargo tells me they have had less than a 1% success rate in loan mods. I can't see a substantial turn around until at… Continue

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At 6:14pm on February 8, 2010, Luis Gonzalez said…
I think this might be ready for a 6 month after update > "Deutsche Sees 48% of All US Mortgages Underwater in 2011"
what do you think?
At 8:19pm on August 4, 2009, Diana Mojica said…
Hello Michael! I have client looking for properties in Fontana, Rancho Cucamonga & South Corona. Do you have any listings in these areas?
At 2:48pm on April 13, 2009, Diana Mojica said…
Hi Michael!

Your right! Elm Grove..
At 10:37am on April 11, 2009, Lily Sibrian said…
Hi neighbor,
Which prudential are you at?
At 6:17pm on March 28, 2009, Chad Nichols said…
How do you currently secure properties that have the things you mentioned occuring to them? You mentioned vandalism, theft, gang activity..what do you do to prevent that? I imagine that also makes the property harder to show?

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