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February 2012 Blog Posts (21)

Home Prices in Wisconsin are Stabilizing

Home Prices in Wisconsin are Stabilizing

Amidst the turmoil and problems of the year, there was some good news about Wisconsin home values in the year…

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Added by Michael Collins, CDPE, SFR on February 28, 2012 at 9:05am — No Comments

Update!

Hey there, thanks for the comments. Brokerpriceopinion promptly paid me all the money they owed me because I filed suit and they do not use me any longer and I do not use them. I did get a call from them that they needed help with an order. I asked the rep "Are you new to your company?" And then I briefly told her about what happened. She thanked me and said she'd call me back after she confirmed whether or not the company wants to use me. She never did call back and I never received anymore…

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Added by Bonnie DeMartino on February 27, 2012 at 5:48pm — 1 Comment

Increased Mortgage Activity in Wisconsin

Low home loan rates Increased Mortgage Activity…

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Added by Michael Collins, CDPE, SFR on February 24, 2012 at 10:55am — No Comments

Short Sales in Your Area - need regulatory help or not?

What are your thoughts on this article from DSNews?  In my area this was not true in 2011 - we saw short sales become much quicker to close and sale prices well below market value.  Our Foreclosure properties generally are receiving multiple offers and going at or over list price.

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale…

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Added by Linda McKissick on February 23, 2012 at 1:22pm — 1 Comment

New Employment Numbers has Negative Impact on Mortgage Rates

Low home loan rates New Employment Numbers has Negative Impact on Mortgage Rates…

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Added by Michael Collins, CDPE, SFR on February 23, 2012 at 9:50am — No Comments

What it takes to be a REO Listing Agent.

 

Here recently, my business has been going well enough that I am now at the point that I need to start looking at expanding the task I complete to another agent.....a co-list agent. In thinking about this, I did have a agent in mind however, I am not exactly sure he is a good fit for what it takes to do the things I do. That got me to wondering, what exactly do I do? Yes, that may seem like a silly question but, it got me to wondering even further about what exactly it takes to be a…

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Added by Jesus (Jesse) Gonzalez on February 21, 2012 at 3:47pm — 3 Comments

I am now a 50/50 member with Coldwell Banker and have won the President Elite award for 2011

With 50 + listings in 2011 year's end and 50 + sales in 2011. I have received the following award.

 

I am now a 50/50 member with Coldwell Banker and have won the International President's Elite award for 2011.

 

 …

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Added by Brandon Jordan on February 19, 2012 at 8:30pm — 3 Comments

REO PRO Fannie Mae group reaches over 250 members

The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

This group is to discuss Fannie Mae properties with Fannie Mae and to share solutions to getting more business with Fannie Mae or getting in the door with Fannie Mae and to stay up to date on their requirements.

Website:…

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Added by Brandon Jordan on February 18, 2012 at 12:35am — No Comments

Bank of America group on REO PRO reaches 150 members

The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

This group is to discuss Bank of America properties with Bank Of America and to share solutions to getting more business with Bank of America or getting in the door with Bank of America and to stay up to date on their requirements.

Website:…

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Added by Brandon Jordan on February 18, 2012 at 12:30am — No Comments

Madison, WI Foreclosure Listings

WI Market Update

Here is today's market update for Active single family …

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Added by Michael Collins, CDPE, SFR on February 16, 2012 at 11:02am — No Comments

Janesville, WI Foreclosure Listings

WI Market Update

Here is today's market update for Active …

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Added by Michael Collins, CDPE, SFR on February 16, 2012 at 10:52am — No Comments

Are You Really Qualified to List Property?

Recently I read a post on the ActiveRain about being qualified to be a buyer's agent and it centered around an inspection item that apparently the buyer chose not to do.

I have however found that listing agents perhaps create more issues and I wonder what some of them told the seller to get the listing.

First off, is your listing accurrate?  If listing income property, are you listing ALL of the financials so the investor can make a good decsion?  IE rents charged, expenses,…

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Added by John Accornero on February 15, 2012 at 6:11pm — 1 Comment

when will we see an increase in REO inventory?

What should we expect in the first quarter of 2012. We just heard the big news the banks settled with the federal goverment and have to pay money to some homeowners whom they foreclosed on. Does this mean they have green light to foreclose? Or is it more complicated than that? Also, we just heard more news on the robo- signing recently, the top 5 servicers have reached an agreement to settle for 25 billion dollars. Are the Reo flood gates about to open soon? We have yet to see. If anyone can…

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Added by Henry Vega on February 13, 2012 at 7:28pm — 16 Comments

Blossom Valley 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 the Blossom Valley Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  1141

Short Sales: 412

REO:            271

Distressed sales as a percentage of total sales: 59.8%

Compare to 2010

Total sales:   1125

Short Sales:   366

REO:          …

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Added by Marcy Moyer on February 11, 2012 at 7:13pm — No Comments

Almaden 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 the Almaden Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  355

Short Sales: 39

REO:            20

Distressed sales as a percentage of total sales: 16.6%

Compare to 2010

Total sales:   384

Short Sales:   28

REO:            14

Distressed…

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Added by Marcy Moyer on February 11, 2012 at 6:22pm — No Comments

Will REO Inventory Finally Pick Up?

I read the article below, this may explain the excessive drop in REO listings in my area. Perhaps once these settlements are comlete things can finally get back to normal. We need to clear out the backlog of REO properties before this market will stabilize.

 

 

From HousingWire:

More than 40 states to sign foreclosure…

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Added by Curtis C Darragh on February 7, 2012 at 12:11pm — 3 Comments

Cambrian 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 the Cambrian Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  656

Short Sales: 130

REO:            89

Distressed sales as a percentage of total sales: 33.45

Compare to 2010

Total sales:   750

Short Sales:   114

REO:          …

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Added by Marcy Moyer on February 5, 2012 at 1:02pm — No Comments

Los Gatos 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 Gatos. So here's what happened:

 

Single family and condo townhomes :

Total sales:  421

Short Sales: 42

REO:            24

Distressed sales as a percentage of total sales: 15.7%

Compare to 2010

Total sales:   489

Short Sales:   36

REO:            38

Distressed sales as a percentage of…

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Added by Marcy Moyer on February 4, 2012 at 7:24pm — No Comments

Milpitas 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 Milpitas. So here's what happened:

 

Single family and condo townhomes :

Total sales:  513

Short Sales: 150

REO:            112

Distressed sales as a percentage of total sales: 51.1%

Compare to 2010

Total sales:   535

Short Sales:   131

REO:            140

Distressed sales as a percentage of…

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Added by Marcy Moyer on February 4, 2012 at 6:56pm — No Comments

Equator BPO's now autofill using RIO Genesis BPO Assistant

Just back from Dallas, Tx at the REOCONN 2012 convention.  I wouldnt have believed it if I didnt see it with my own eyes.  Finally an Autofill company has got the Equator PDF bpo doing AutoFill.  It took them less then 3 minutes to autofill the pdf and submit it to Equator.  AWESOME

 

RIO Genesis BPO Assistant (they were TrackMyForeclosures.com and they partnered up with RIO Genesis) has their AutoFill software keying the Equator PDF bpo that we have all been told for years…

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Added by Amy Clanton on February 2, 2012 at 10:14pm — 5 Comments

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