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January 2011 Blog Posts (32)

Be a Rejected Realtor

Interesting title isn't it?  Yet ist is not as it seems when you look at at and I will tell you what I really mean.  What I am about to say bleeds into servicing asests as well.

I went to my office meeting yesterday and again there was the usual talk about how we need to rise our standards and do more of everything to increase our business.  One of our top realtors commented how he isin't working anymore with the prospects that seem to take forever to commit to a decision.  He was…

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Added by John Accornero on January 13, 2011 at 11:03am — 2 Comments

The Trustee or Personal Representative Does NOT Sign the Natural Hazard Report

I sell a lot of of Probate and Trust sales. They are not quite like a traditional sale, but not as unlike a traditional sale as a Short Sale or Foreclosure. One of the differences are disclosure obligations. In California one of the diclosure requirements that…

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Added by Marcy Moyer on January 12, 2011 at 4:00pm — No Comments

What does it take?

With a new year, comes a fresh group of REO Agent hopefuls, scratching at the door of the industry ready to eat their own just to get that first listing. With this feeding frenzy comes all the questions like, “How do I get my first REO?”

Almost like tradition, each year I have tried to write a blog answering just that…

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Added by Jesus (Jesse) Gonzalez on January 11, 2011 at 5:33pm — 6 Comments

Fannie Mae's 'WaysHome' - an interactive video educating homeowners about their options re: foreclosure

Fannie Mae recently launched WaysHome, an interactive video to educate homeowners about their options to avoid foreclosure, motivate them to make the right decisions, and encourage them to seek help. WaysHome is part of Fannie Mae's Know Your Options initiative to help today's struggling homeowners. Check it out at:…

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Added by Lisa Meszaros on January 9, 2011 at 11:12pm — No Comments

The month-over-month price decline in November was the largest in 2010,

According to Royal Bank of Scotland analysts, using data from corelogic, "The month-over-month price decline in November was the largest in 2010."

 

The most recent CoreLogic (CLGX: 19.11 -0.21%) Housing Price Index, scheduled for public release next week, will show home prices dipped 3.35% nationally from November 2009 to November 2010.

 

 

(…

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Added by Scott Olson - REO Sacramento, CA on January 7, 2011 at 9:30am — No Comments

Freddie Mac Weekly Update: Mortgage Rates Stable



30-year fixed-rate mortgage: Averaged 4.86 percent with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.



The 15-year fixed-rate mortgage: Averaged 4.20 percent with an average 0.8 point, up from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.54…

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Added by Howard Bell on January 5, 2011 at 9:11pm — No Comments

Mortgage Bankers Weekly Update:Mortgage Applications Increase the Week After Christmas

Mortgage Bankers Association for the week of 01/5/2010



Market Composite Index: (loan application volume) d ecreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.



Refinance Index: decreased 7.2 percent from the previous week and the seasonally adjusted Purchase Index increased 3.1 percent from one week… Continue

Added by Howard Bell on January 5, 2011 at 9:10pm — No Comments

Offers Submitted On the Internet

The last two deals I needed to go on-line to submit the offers.  One site was very easy to use and the other site is not as user friendly unless it is the staff you get assigned to.  Has anyone else experience submitting all offers on-line?  Is this our future?

Added by Donna Lavin - CDPE, SFR on January 3, 2011 at 7:51pm — 6 Comments

"THINKING OUTSIDE THE BOX" for more REO business

Does anyone here ever try different things to get more business verses the old signing up and just waiting?

I know that is not going to always work,although I have got some business that way.

Every 2 or so months, I go through all the lists I have of REO and BPO companies to update them. I first go through the ones I am…

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Added by Valerie Hernandez on January 3, 2011 at 2:21pm — 10 Comments

Just Moved to Woodstock, Ga

Well, today is my first day as a GEORGIA  Realtor!  I don't know anyone here except my family and my new office Broker.  Wow... this will be somewhat of a challenge, but I belive I can do it!.

My plan is to start doing Short Sale listings, as this has become a specialty for me.  I believe I have attended every class known to man kind, and feel pretty prepared ... although Georgia is a non-judicial state, so this will be…

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Added by Valerie L Whiteman on January 3, 2011 at 8:34am — 2 Comments

Thinking outside the box to help the Housing Recovery

I am not an econimis, nor a financial expert, but I like to think practical outside the box, I know what I am about to say will get some people upset, and my even triger a Nationalistic reply to it, but the reality that we lived in is different to the reality we would like to live in.

We need to have a better housing recovery to help our frail and declining economy, the main reasons are high unemployment, the large amount of people living and on the way to live depending of our…

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Added by Jose Rivas (DGRA) CDPE, SFR on January 2, 2011 at 9:57pm — 1 Comment

Are you Qualified Look At Open House

I know what I am about to say may make me look like MR Mean Agent but I would really like to see some qualified buyers visit my open house. I want home shoppers to be successful in buying A HOME. I had in the past become really lax, just gathering names and numbers and getting bad information or people that were shoppping without knowing that they cannot qualify to buy( I just did a loan mod...can I buy another home?!) Chances are they are not going to buy this one anyway but I do not hold open… Continue

Added by John Accornero on January 2, 2011 at 4:41pm — No Comments

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