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March 2012 Blog Posts (20)

treo international

anyone doing evaluations for them, they require verbal values no pay, but offer listings if clients buy

Added by ron pikul on March 26, 2012 at 7:28pm — 1 Comment

List to Sold Ratios at Lowest Rate Since 2007

Even with a healthy seasonal uptick, 2012 is starting off at the lowest list to sold ratios since beginning this project in 2007. The REO segment, which were it not for huge losses to the seller, continues to act like a hot sellers market, continuing to create many a disgruntled would be buyer.

Demand for Central Oregon Real Estate has been and remains very good, especially in Bend while supply has a long trend of decline behind it. If these trends hold, past price firming trends…

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Added by Robert Page on March 25, 2012 at 11:58pm — No Comments

BofA to test new Foreclosure Pilot Program

Bank of America has started a new foreclosure/lease program where they will allow some delinquent home owners transfer title back to BofA (forgiving their mortgage) and in return,BofA will lease the home back to the owner at or below market rents for up to 3 years. In my opinion, this "Mortgage to Lease" pilot program will never work and is merely a way of trying to regain favor in the public…

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Added by Nick Miller on March 24, 2012 at 2:22pm — 2 Comments

1031 Exchanges

Field Guide to 1031 Exchanges

(Updated July 2010)

Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, exchanges hold great advantages for both investors and REALTORS®. This Field Guide provides access to articles, manuals, forms, ideas, and other information to help you start building your 1031…

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Added by Marvin Arrieta on March 22, 2012 at 4:44pm — No Comments

March is Women's History Month

“The thing women must do to rise to power is to redefine their femininity. Once, power was considered a masculine attribute. In fact power has no sex.” - Katherine Graham

March is Women's History Month. Pay tribute to the generation of women whose commitment to the planet have proved invaluable to society.

Added by Desiree Patno on March 22, 2012 at 12:43pm — No Comments

Wisconsin February 2012 Housing Statistics

The Wisconsin housing statistics are now in for February of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:

This increasing sales trend began last summer and has continued at a healthy pace throughout the fall and winter. “It’s very encouraging to see sustained growth in home sales,” said Rob Keefe, Chairman of the…

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Added by Michael Collins, CDPE, SFR on March 21, 2012 at 12:03pm — No Comments

Mortgage Forgiveness is Currently Set to expire at End of 2012

Mortgage Forgiveness is Currently Set to expire at end of 2012

One primary feature attracting many underwater homeowners to a short sale is the fact that the taxes are lowered thanks to a Mortgage Forgiveness Debt Relief Act of 2007 provision. However, that credit is set to go away at the end of the year 2012. This means that homeowners who have put off selling need to get busy.…

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Added by Michael Collins, CDPE, SFR on March 12, 2012 at 12:51pm — No Comments

Robo Signing Settlement may Release a Backlog of Foreclosed Properties.

The $25 billion robo signing settlement was reached with 5 banks recently, but what effect is this really going to have. For most of us, nothing. But even for those who will receive payment from the settlement it will be very minimal.

However, this will have a hugh impact on the market. These banks are most likely getting ready to release a ton of foreclosures on the market that were previously unreleased because they were tied up in this litigation. Now that they have settled, and…

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Added by Nick Miller on March 11, 2012 at 4:16pm — 1 Comment

NAWRB Appoints New Director to Board

Today NAWRB announces the appointment of Elizabeth Goodchild to the national trade group's board of directors. "We're excited to announce Elizabeth's new role with the organization. We went through a rigorous vetting process to fill this vacancy, and Elizabeth has all the skills and passion we were looking for in a new Director. Her business's specialized real estate services, relocation, distressed asset disposition, and short sales, plus her experience in publishing and education makes…

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Added by Desiree Patno on March 9, 2012 at 6:00pm — 1 Comment

It’s Women History Month. How will you pay homage to?

It’s Women History Month.  Let’s honor those women who have changed our lives.  As a national women's association, NAWRB pays homage to influential women all month.  “Being persons, then, women are citizens; and no state has a right to make any law, or to enforce any old law, that shall abridge their privileges or immunities.” Susan B. Anthony proclaimed during the suffrage movement.

Added by Desiree Patno on March 9, 2012 at 10:40am — No Comments

Foreclosure Homes in Rock County Wisconsin

WI Market Update

Here is today's market listings update for Active foreclosure single family homes located in Rock County Wisconsin. This information was pulled from the South Central Wisconsin MLS on 3/7/2012 at 8:30 A.M.

  • 59 total Foreclosure|Bank Owned|REO homes are currently listed in Rock County, WI
  • Low listing price:…
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Added by Michael Collins, CDPE, SFR on March 9, 2012 at 8:51am — No Comments

How Many Short Sales Are on the Market in Santa Clara County?

Inventory is down in all segments of the market in the Silicon Valley and multiple offers are driving prices up. However, there are still short sales, and in some areas they make up a good percentage of the homes for sale. Here are the numbers:

 

Palo Alto: Single Family Homes and Condos for Sale: 48 Short Sales: 0 Percentage: 0

Mountain View Single Family Homes and Condos For Sale: 39 Short Sales: 2 Percentage Short Sales: 5.1 %

Sunnyvale: Single Family Homes and…

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Added by Marcy Moyer on March 8, 2012 at 7:00pm — No Comments

Foreclosure Homes in Dane County Wisconsin

WI Market Update

Here is today's market listings update for Active foreclosure single family homes located in Dane County Wisconsin. This information was pulled from the South Central Wisconsin MLS on 3/7/2012 at 8:15 A.M.

  • 130 total Foreclosure|Bank Owned|REO homes are currently listed in Dane County, WI
  • Low listing price: $39,900
  • High listing price:…
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Added by Michael Collins, CDPE, SFR on March 8, 2012 at 10:12am — No Comments

EVALUATION SOLUTIONS-ATTORNEY GENERALS RESPONSE

RESPONSE FROM FL ATTORNEY GENERAL COMPLAINT:Florida Attorney General Pam Bondi received your email regarding your  concerns with Evaluation Solutions.  Attorney General Bondi asked that I  respond.  I am sorry for your difficulties.

 The Attorney General's Office is concerned with all potentially unfair and  deceptive trade practices. Our office uses complaints such as yours to  identify patterns of questionable business activities which may indicate  the need for formal investigation…

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Added by Brian Headrick - NRBA, A-REO on March 8, 2012 at 8:49am — No Comments

REI Free Classifieds Opens Virtual Doors to REO Pro Community

 

REI Free Classifieds Opens Virtual Doors to REO Pro Community

 

FOR IMMEDIATE RELEASE:

UNITED STATES, MAR. 8, 2012 – ReiFreeClassifieds.com answers a demand for niche marketing within an online classifieds industry, which is dominated by general public sites. Comprehensive REI-specific categories accommodate real estate…

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Added by John Lydic, Founder at REI on March 8, 2012 at 12:27am — No Comments

What Does it Take to Win in a Silicon Valley Short Sale Multiple Offer Situation

The real estate market in the Silicon Valley is very heated up this days, but there are still plenty of short sales being offered. Many of these short sales are in higher price ranges that have previously not seen a lot of short sale activity. What that means is that agents who do not have a lot of experience…

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Added by Marcy Moyer on March 7, 2012 at 2:07pm — No Comments

List to Sold Ratios Continue to Improve in Central Oregon

Been converting the list-to-sold charts into a more user-friendly SPC format creating an easier to read and interpret chart. Clarity was greatly improved allowing me to resurrect the original daily list to sold ratio chart.  It shows some fantastically high variation back in early 2007 when our market was screaming, largely unheeded to us of change.  It wasn’t until 2008 when the Feds declared (admitted) that we had been in a recession for a year, did the general public begin to reluctantly…

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Added by Robert Page on March 7, 2012 at 9:26am — No Comments

San Jose Short Sale Got Wells Fargo Approval

I just got approval on a Wells Fargo Short sale in San Jose. It was both a long and short road.

The long road first:

Town home put on the market in October of 2011 at $575,000. After one week we received an offer for which the seller accepted and it was sent to the bank.

Sellers were not behind on payments but are getting divorced and neither one can afford the home alone or…

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Added by Marcy Moyer on March 5, 2012 at 10:05pm — No Comments

Homebuyers Can Use FHA Loans to Purchase Property from Investors

Homebuyers Can Use a FHA Loan to Purchase Property from an Investor…

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Added by Michael Collins, CDPE, SFR on March 5, 2012 at 11:34am — No Comments

Bend RE Off to a Good Start in 2012

If you’ve been tracking the list-to-sold and inventory charts and tables you are very aware that inventory trends have been moving down for a long time. Even so, prices continued to decline, albeit at a slowing pace. Even so, it seemed that if this trend continued, surely price firming and possibly price increases were on the horizon, right?

 

It’s finally beginning to look that way as price direction is looking pretty flat which is a vast improvement over the cliff-like…

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Added by Robert Page on March 1, 2012 at 11:29pm — No Comments

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