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January 2012 Blog Posts (28)

Los Altos Hills Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos Hills. So here's what happened:

 

Single family and condo townhomes :

Total sales:  97

Short Sales: 4

REO:            6

Distressed sales as a percentage of total sales: 10.3%

Compare to 2010

Total sales:   81

Short Sales:   5

REO:            1

Distressed sales as a percentage of…

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Added by Marcy Moyer on January 31, 2012 at 10:39pm — No Comments

Using FHA 203K Loan to Purchase a Fixer-Upper

FHA Rehab 203k Mortgage Using FHA 203K Loan to Purchase a Fixer-Upper…

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Added by Michael Collins, CDPE, SFR on January 30, 2012 at 9:07am — No Comments

Cupertino Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Cupertino. So here's what happened:

 

Single family and condo townhomes :

Total sales:  453

Short Sales: 21

REO:            11

Distressed sales as a percentage of total sales: 6.8%

Compare to 2010

Total sales:   844

Short Sales:   31

REO:            33

Distressed sales as a percentage of…

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Added by Marcy Moyer on January 29, 2012 at 9:48pm — No Comments

Bend REO Sales Data Look Like a Seller's Market

REO Sales Data 10/01/11 to 01/16/12 http://www.centralorproperty.com/Central,ORTrends.html
 
Also now on: http://centralorhomesales.com - Look for market report tab


     REO marketing times remain very low and…
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Added by Robert Page on January 29, 2012 at 7:00pm — No Comments

Bank of America Assigns Short Sales

Ok.....so if you haven't heard Bank of America is assigning short sale listings in bulk......ie......65 at once? Now for many of us, this is crazy because we have been told for years that these banks and servicers do not assign short sale listings however, times are a changing.



I have confirmed with a very reliable source that one guy.....one REO listing agent got assigned 65 short sale leads, per-approved, NO PAPERWORK!



So, here is the skinny.......



1. Short… Continue

Added by Jesus (Jesse) Gonzalez on January 29, 2012 at 2:50pm — 9 Comments

res.net

do we have a res.net promo code or discount for renew membership

Added by ron pikul on January 27, 2012 at 1:06pm — 1 Comment

Altisource? Good, bad and ugly.

Has anyone out there done paid BPO's and will they eventually give you a shot to list some Ocwen REO property? I am hoping someone out there can answer my questions.

Added by Henry Vega on January 27, 2012 at 12:06am — 6 Comments

Does being minority woman owned help you gain leverage to get into asset management companies?

Please share some tips on how to become approved with asset management. I can share some tips from my personal experience. I have just basically attended every netowrking event out there. Join REO networking groups, talk to other agents who have already established relationships with AM's. Also, becoming an area expert an learning the local tenants laws and how they apply to your potential assets. If you have more to share, please do. Thank you!

Added by Henry Vega on January 26, 2012 at 10:47pm — 1 Comment

How do I get in Citi direct to get REO's? Does anyone have a direct link to their website?

If you can help me I would greatly appreciate it. Thank you.

Added by Henry Vega on January 26, 2012 at 10:42pm — 5 Comments

Wisconsin December 2011 Housing Statistics

Counties of WI

The Wisconsin housing statistics…

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Added by Michael Collins, CDPE, SFR on January 24, 2012 at 8:57am — No Comments

Hands Up! Step out onto the porch, KEEP YOUR HANDS UP!

 

If any of you are wanting to get into REO but don't really know what to expect....well, I have a story for you.

Saturday morning, January 21, 2012 I get a call from my field services agent telling me that they have gone out, secured one of my listings however, put their lock box on the front door because they didn't know who placed a lock box on the front door. Well, after a little investigation, come to find out, the lock box on the front door belonged to no one....it was a…

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Added by Jesus (Jesse) Gonzalez on January 22, 2012 at 6:11pm — 9 Comments

National Association of Women REO Brokerages to launch new website Monday

National Association of Women REO Brokerages to launch new website Monday

 

Be sure to visit National Association of Women REO Brokerages' new website this Monday, January 23, 2012.  NAWRB has a refreshed looked and is fill with lots of information, tools and resources.

Be sure to check it out:

www.nawrb.com

 

We would like to hear your feedback on your experience.

Added by Desiree Patno on January 19, 2012 at 7:11pm — No Comments

BPO companies not paying?? FBI Complaint link Attached

Attached is the FBI Internet Fraud complaint link. I recommend all of you file a complaint with them concerning evaluation solutions / evalonline.net . PLMK how it goes:

http://www.ic3.gov/default.aspx

Added by Brian Headrick - NRBA, A-REO on January 17, 2012 at 2:47pm — 3 Comments

No Money Down USDA Mortgage

USDA Mortgages Understanding the No Money down USDA Mortgage…

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Added by Michael Collins, CDPE, SFR on January 16, 2012 at 3:50pm — No Comments

Understanding the New Rules for Jumbo Mortgages

Jumbo loan guidelines Understanding the New Rules for Jumbo Mortgages…

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Added by Michael Collins, CDPE, SFR on January 13, 2012 at 12:30pm — No Comments

Qualifying for VA Mortgage

Qualifying for a VA Loan Qualifying for VA Mortgage…

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Added by Michael Collins, CDPE, SFR on January 12, 2012 at 9:07am — No Comments

Foreclosure isn't always a 4 letter word

This is an excerpt from a book I am writing called: "Buyers Guide to Foreclosures." I would love to hear from the REOPro community regarding feedback, comments or suggestions on the below statements.…

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Added by Nick Miller on January 11, 2012 at 9:33pm — No Comments

You CAN buy again after a Short Sale or Forclosure!

My client just bought a new home two years after we did a successful short sale on his previous home. He now has a mortgage at half the interest rate he was paying previously.  His new home is  approximately half the purchase price of his old home that he purchased in 2004, and his new payments are a third of the old payments. Icing on the cake is that the new home is larger, move in ready, with a two year warranty. More icing? His new payments are $315 a month lower that his small rental. …

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Added by Jan Baron, RDCPro, CSP, BPOR on January 11, 2012 at 8:02pm — 1 Comment

It's the beginning of the year so time for the round-up of last year's distressed property sales in Sunnyvale. So here's what happened:   Single family and condo townhomes : Total sales:  835 Short S…

It's the beginning of the year so time for the round-up of last year's distressed property sales in Sunnyvale. So here's what happened:

 

Single family and condo townhomes :

Total sales:  835

Short Sales: 111

REO:            73

Distressed sales as a percentage of total sales: 22%

Compare to 2010

Total sales:   849

Short Sales:   106

REO:            89

Distressed sales as a percentage of…

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Added by Marcy Moyer on January 10, 2012 at 9:48pm — No Comments

White House wants to convert foreclosed houses to rentals-

By Diana Olick , cnbc.com

The Obama administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, are very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials.

There are currently about a quarter of a million foreclosed properties on the books of Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) and…

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Added by Kent Steffes on January 9, 2012 at 4:41pm — No Comments

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