Blogs - REOPRO

Show me the listings!

It must seem that I am a buyer's agent if you've read my earlier posts, but I do have listings. I currently have three short sales and a standard. I want more listings, not because I don't love my buyers but because I do. It's frustrating to them and me to fine the perfect home only to find out it already has 15 offers. I have been making offers on REOs and short sales for two years now and I believe I write winning offers. I sure have written enough to realize what is a good offer and what wil… Continue

Added by Jan Baron on November 8, 2009 at 3:15pm — No Comments

We're a dime a dozen to these companies!!

We just had one of our clients take us off "Preferred Status" because we stood up for ourselves. About a month ago we noticed the listing agreements started coming in with the listing commission at 1.75%. At first we thought it was a mistake but then it happened again for 1,5%. We put in a call to see what was going on and they simply told us that it was an executive decision that if we wanted to be taken off their preferred list to just let them know. Also, they said it would just be on Chase p… Continue

Added by George Bellino on November 6, 2009 at 10:02pm — 5 Comments

Social Networking Etiquette: Mind Your Manners to Grow Your Business

Social media marketing is hotter than a firecracker, and growing hotter every day as online entrepreneurs realize just how effective this particular marketing technique can be. If you aren’t using social media marketing---you should be. However, a word of caution: Use social media wisely or you can end up doing more harm to your business than good. There are certain, basic, unwritten rules of etiquette that apply to social media. Before diving into the deep end of the social media scene, famil… Continue

Added by Chris Treece on November 6, 2009 at 1:12pm — 2 Comments

Glen's San Francisco East Bay Numbers

Here’s a snapshot of the San Francisco East Bay Real Estate Market. I run these numbers monthly and have been tracking 38 cities since 2005. I primarily look at two indicators, Months Supply and Pending Over Active ratios. Pending Over Active Ratio relates to buyers and sellers. Basic Econ 101, Supply and demand. Actives (represents sellers), or properties that are still available, versus Pending (represents buyers), or properties leaving the market. That relationship often indicates whe… Continue

Added by Glen Bell on November 6, 2009 at 9:52am — No Comments

Is FHA The New Subprime?

In the past two years we have gone from the wild west where everything is allowed to gradual government intervention to stop the bleeding that Wall Street has caused to our economy and more specifically to the housing market. The American dream of homeownership has become a nightmare that is causing everyone… Continue

Added by Marcelo Da Silva on November 5, 2009 at 2:30pm — 1 Comment

Property Management, Is this the new trend?

I got this from today Miami Herald, I would like to know what company will orchestrate the property management portion of the plan, I know TItanium has an assignment earlier this year where the occupant had the option to lease the property after the forclosure. "Fannie Mae to rent out homes instead foreclosing By ALAN ZIBEL AP Real Estate Writer WASHINGTON -- Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy annou… Continue

Added by Jose Rivas DGRA on November 5, 2009 at 12:52pm — 6 Comments

Q&A on Trulia

Did you know that you can participate in Trulia.com and become an expert voice as the local real estate professional? If you don't know about this, you're missing out on a huge opportunity. It's said that people search for homes on the internet more than anywhere else nowadays. What Trulia (and Zillow) has done is bring a forum to the buyers/sellers and pros to bounce questions and ideas off each other. I've been doing this for the past year, and I'm not at all a power user on Trulia, but I've… Continue

Added by Johnny Huang, MBA, CDPE, RDCPro on November 4, 2009 at 4:00pm — 4 Comments

Walking Away: Fair or Unfair?

Interesting article about a research by an associate law professor at ASU whose name is Brent White. According to his research not enough people are walking from their underwater home due to re… Continue

Added by Marcelo Da Silva on November 4, 2009 at 2:42am — 3 Comments

REO Execution Standards

Funny thing is what some REO agents get away with in their business dealings. I have submitted resaonable offers for first time buyers for bank owned property and I struggle to get a confirmation that they received the offer. I have to beg. Yet, on the flipside, I have an investor that insists on submitting extremely lowball offers (50% off list) and I get irate email from listing agents telling me not to bother. I even get agents that refuse to submit offers...has anyone heard of NAR standards?… Continue

Added by John Accornero on November 3, 2009 at 10:20pm — 6 Comments

Three F words for Home Buyers!

Although it may seem overwhelming at first, the home buying process can be simplified in three easy steps. However, one two three is boring so let me explain with three F words. 1. Finance: the first step is to seek financial advice from a lender. First you must find a lender whom you trust and desire to work with throughout the complete transaction. Changing boats in the middle of the stream is possible but not suggested as it adds complications and stress. Find out how good your credit is and… Continue

Added by Linda Landry on November 2, 2009 at 1:09pm — No Comments

Twitter: A Valuable Marketing Tool or Waste of Time?

I hear the debate all the time, and no I'm not talking about the Presidential debate - I'm referring to Twitter. Should we consider Twitter to be a marketing tool or is it just for people who have a lot of time on their hands and the need to jibber-jabber all day long? I will be honest, I was an early adopter of Twitter and then I walked away from it I couldn't see the value, recently my viewpoint has changed. Think of Twitter as a means to get instant public messages out to your audience, wheth… Continue

Added by Chris Treece on October 29, 2009 at 10:20am — 3 Comments

Moody's: Loan Charge-Offs Now Exceed Depression-Era Levels

How fast can the printing presses pump out the money - At least durring the depression our money was backed by Gold and had some value. Now it is quickly becoming worthless. There have been plenty of parallels drawn between the current downturn and the 1930s, but here’s another jarring one: U.S. banks are now charging off loan debts faster than they did in the early years of the Great Depression, according to Moody’s Investors Service. The banks have charged off $116 billion in loans so… Continue

Added by Linda McKissick EXIT Realty Bend on October 28, 2009 at 9:44am — 1 Comment

When It's an FHA mortgage

Having a rapport with various mortgage agents and appraisers can certainly pay off. They are a wealth of information. In today's market of ever changing mortgage rules it has become crucial to make sure that a buyer goes to the right lender/mortgage person for a loan. This is a hugh part in the sale of an asset/home. I am finding that most of my low priced REO listings have buyers going for FHA loans. I've dealt with a couple of homes that needed repairs and did not qualify for a straight FHA lo… Continue

Added by Dorit Katz on October 28, 2009 at 7:10am — No Comments

NABPOP Call to action.

I receive this email from NABPOP, I know in Maryland appraiser were trying to pass legislation to force lenders to only use license appraiser and go away with BPO, now it seem that this is going to national levels, or maybe I was not aware, but I think this affects all of us and we need to make sure that part of the business stays open for us. "Dear Member, This e-mail is a call-to-action to step up and become involved in the protection and advancement of our BPO industry. While “the sky is… Continue

Added by Jose Rivas DGRA on October 27, 2009 at 5:48pm — 6 Comments

Loan Modification For Unemployed Workers

It came out unnotice today a proposal from HOPE NOW Alliance to consider the benefits received by an unemployed worker to be used to de… Continue

Added by Marcelo Da Silva on October 27, 2009 at 4:00am — 4 Comments

First Time Home Buyer Tax Credit & Fraud

I saw on the news the other night the estimated $ amount of fraud committed on the First Time Home Buyer Tax Credit. Amazing numbers. There were so many that claimed the credit that were going to buy a home, so many that were under age, the youngest was 4 years old. They always find a loop hole don't they. I sold my first daughter a home in January, she filed for the tax credit and received within 2 weeks. No proof required. I sold my second daughter a home in June, she has not received hers.… Continue

Added by Joyce Polega on October 24, 2009 at 11:49am — No Comments

www.CDPE.com WOW!!!!!!!!!!!!!!!!!!!!!!!!

I had not planned on attending the www.CDPE.com event. My wife works and couldn't go to the workshop. I decided a couple of days ago to buy the online course. It is by far the best $500 I have ever spent in 16 years of being in Real Estate and Lending. If you are interested you can put in the code for a discount - DISC100. It is normally $600. I do not work for this company and I do not receive any compensation for posting this. They ROCK!!! Imagine someone comi… Continue

Added by Chris Plumb on October 23, 2009 at 9:17pm — 17 Comments

RES.NET delays release of AMP

I was dissapointed to receive the below E-Mail from RES.NET. It was promoted as being launched on November 1st - 2009. I signed up and paid at FiveStar, as many others did. To ensure that the final AMP product incorporates the latest software technology and provides users with the best possible experience, RES.NET has decided to postpone the launch of the application until January 4, 2010. RES.NET is committed to providing open and honest communication about the development of the AMP pro… Continue

Added by Clay Kime, REOM, CREO, CDPE on October 23, 2009 at 8:54pm — 7 Comments

So I bought a REOPro Shirt and now I have to blog about it.

When I got the REOPro email that t-shirts were available, I bought 2. Why am I blogging about it? Because I'm an independent broker and don't have my own logo'd shirts like the Prudential's, KW, CW, etc. I can get them, but usually embroiders recommend going bulk production in order to save money on a per shirt price. I just don't want to buy alot of shirts with my own company logo, it was simply too generic. I think the REOPro shirts will generate more interest with people than my own company'… Continue

Added by Johnny Huang, MBA, CDPE, RDCPro on October 23, 2009 at 4:30pm — 3 Comments

Shadow Inventory? A colleague sent a link to this video, thought I would pass it on

so many concerns, conspiracy theories, questions on if the government is trying to lock up the nations economy by controlling the market..It is mind boggeling. This video does give a pretty unbiased take on one more factor in the totally murky world we seem to be navigating. Watch and absorb seems to be the method of gaining knowledge, hope this can add to your own database

... Continue

Added by Victoria Frieberg on October 23, 2009 at 12:09pm — 15 Comments

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