Recently, Google invested $50M into Auction.com. The real estate industry is changing right before our eyes. Auction.com closed $7B in 2013. You can read the story at:…
Added by Angelique M Norton on March 11, 2014 at 12:00am — No Comments
I did some work for this company and they have never paid. First excuse was that somehow they had missed me on the pay period for that month. Next month the excuse was that they had not been paid for the BPO so I had to wait for them to be paid. It takes them 3 months to pay for work done - that is when they do pay and they have not paid me yet so its more like 9 months. So know i have started calling them whenever and all I get is there voice mail promising to call me back within 48 hours…Continue
Man vs. Machine – It is the age-old question. Can a machine replace a person? People and computers have worked together to make most tasks simpler and faster. People have invented brilliant machines and programs to boost our productivity, and in return raise our profits. Machines…Continue
Added by Pam Maglione on March 6, 2014 at 8:50am — No Comments
The Wisconsin housing statistics are in for January of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The harsh winter took a toll on January home sales in Wisconsin, according to the most recent analysis of housing market activity released by the Wisconsin REALTORS® Association…Continue
Added by Michael Collins, CDPE, SFR on March 5, 2014 at 9:59am — No Comments
ANYONE HAVE ADVICE FOR A NEWBIE ? IM LOOKING FOR SOLID ADVICE ON ALL THINGS RELATED TO STARTED NEW WITH FANNIE MAE . PROCEDURE'S, ORGANIZATION TIPS, LISTING PROCEDURES ETC......... THINGS TO KNOW AND DO AFTER GETTING THE ACCOUNT, THAT WOULD BE DIFFERENT FROM WORKING A REGULAR REO PROPERTY.
WE HAVE BEEN IN THE REO BIZ FOR 13 YEARS AND HAVE EXTENDED KNOWLEDGE, BUT FANNIE MAE IS A DIFFERENT BALL GAME, AND IF ANY FANNIE MAE AGENTS CAN PROVIDE GUIDANCE AND INFORMATION IT…Continue
Are any of you watching what is happening to housing right now? As reported by Forbes.com’s Eric Carlyle Existing Home Sales Fall 5.1% In January 2014, To Lowest Level Since July 2012 and yet, our…Continue
What makes a REO Agent different than your Typical Agent?
Our Personal Investment in Our Own Education: Most all successful REO agents are highly trained and heavily invested in their education. It’s not uncommon for a successful REO agent to have thousands of dollars every year go towards education or the maintenance of costly designations and certifications. Our clients demand that…Continue
Exciting News! FHA Is Allowing People that Suffered through Recent Economic Hardships to Apply for a Home Loan with the FHA Back to Work Program.…
Added by Michael Collins, CDPE, SFR on February 11, 2014 at 1:37pm — No Comments
I remember a husband/wife team in Arizona that used to ell seminars on how to do BPOs, acquire REO, etc etc. Their material was dated and full of errors 4 years ago. DOnt know if they still push it. Agents have not been able to smooze assett managers in the back rooms of lenders for YEARS. Once in a while one can make an inroad to some small area lender or credit union but in eneral ALL the REO goes to the big player real estate offices who can afford to pay out thusands a month to do the…Continue
Ive applied to EVERY website related to REO out there, I have a background in successful short sales(list and buyer agent) and extensive knowledge of preservation but cant catch a break. Ive reached out to REO agents in MD hoping to learn from them and expand their REO business to my area they are currently NOT covering, not trying to take their business, trying to expand it for them in a new territory and assumed with that experience Id get some actual real REO experience NO LUCK,…Continue
OK so I get the message loud and clear. I am a kill joy and the bearer of really bad news here on this form. I know, I know I am the one who always brings the REO hopefuls down. Yes I admit to sounding like a real “Debbie Downer” here. That is how the non REO agents feel anyway. The REO agents in the field today know I am only telling the real story. We can all put on our big girl and big boy pants and realize that the fact that there is no Santa is not the fault of the kid who ruined it…Continue
Added by Michael Collins, CDPE, SFR on February 5, 2014 at 10:25am — No Comments
The Wisconsin housing statistics are in for December of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
2013 was a robust year for Wisconsin’s housing market, with both sales and prices increasing by solid margins, according to the year-end housing…Continue
Added by Michael Collins, CDPE, SFR on January 30, 2014 at 11:16am — No Comments
What Kind of Mortgage Fits Your Needs?
No matter the state of the economy, each year the number of new mortgages underwritten reaches millions of homeowners. Some are buying for the first time while others are downsizing or upsizing. When rates drop, like they did over the past 2 years, many people seize the opportunity…Continue
Added by Michael Collins, CDPE, SFR on January 22, 2014 at 2:12pm — No Comments
Another scammer - REO PRO CORP is around the block. Watch out as you will be scammed! You can see the closeness in name to our revered name - REO PRO Default Professionals.
This scammer and fictitious company has been targeting realtors and assured them either through emails or phone calls that they have Fannie Mae listings, but the realtor should pay them upfront $400.00 (Four hundred dollars). That will be the last you will hear from them if you fall for their scam and…Continue
The Wisconsin housing statistics are in for November of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
Wisconsin home sales fell 6 percent in November 2013 when compared to November 2012, although total sales for the year remain ahead of 2012.…Continue
Added by Michael Collins, CDPE, SFR on January 16, 2014 at 10:51am — No Comments
What is a Self Directed Individual Retirement Account and Why Should You as a REO Professional Care?
First, you need to know what an individual retirement account is before you can truly appreciate what a self directed individual retirement account is.
Per the Internal Revenue Service, you basically have two types of individual retirement accounts. Those are Traditional IRA…Continue
Added by Jesus (Jesse) Gonzalez on January 13, 2014 at 7:24am — No Comments
The Real Unemployment Rate is 13%
You heard me correctly, the real unemployment rate of this country is 13%. So, when I say “Real” what do I mean. The U-6 rate is by far the broadest and most accurate depiction of that the unemployment rate truly is in this country. The reason I believe this is because the U-6 number includes the unemployed (those getting unemployment insurance benefits), the underemployed (those who…Continue
I Used my Retirement Money to Buy Real Property and Make Money.
Well, as many of you may know, in the past two years I have been really studying as much as I can about how to use retirement funds to buy property. After much studying, last year I took the dive and attended my first tax auction. I bought a property with my retirement money and I am now about to…Continue
Added by Jesus (Jesse) Gonzalez on January 3, 2014 at 8:21am — No Comments
2014 Housing Changes and Predictions:
New lending rules will limit the number of working class buyers. By now, you have likely heard of the new mortgage rules that are going into effect January 1, 2014. As you know, the people who put these rules in place (Congress via HUD) believe these new guidelines provide greater consumer protections and will prevent a similar collapse we had in 2007.…Continue