America's Largest Social Network for Default Real Estate Professionals
Ran into an issue this week - wanted to see if anyone else has ran into it and what happened.
Had buyers, we found the home, knew that it was a short sale, made an offer and it was accepted. During the offer to acceptance, we found out that an investment group had successfully negotiated a short sale and that they would be closing on May 19th, 2010. They would be the ones selling the property to us. Thought okay, we got a good price on a good home, works for the buyers. Buyers…Continue
With all my respect to REO Veterans! I doubt that you started as an REO agent knowing everything, I am not applauding the agent that does not have a clue of " CASH FOR KEYS " means. I am sorry to inform you that I am a newbie, and my background is Loan Officer, I was already question by Mr. Marquez how did I get in... well!!!…Continue
It's no secret that my operations have moved into the Hotel business again, however, this time it's hotel real estate and operations. I'd like to share with everyone why I've decided to focus on hotels.
I've always had a heart for hospitality. From being in the front lines at McDonald's learning their "fool-proof" system, to mid-size hotel operations and financial accounting, my spot was in Hotels. I also loved real estate. When I was working for a hotel, I managed to study…Continue
For those of you who might be unaware, Fannie Mae has been releasing their REO inventory. Whatever your opinions are on Fannie, Freddie or the government programs in general, they have released more REO than most other financial institutions and we have to work with them. Embrace it, especially if you're a buyers agent... this is a good thing for buyers. Check out their website, they list their Active listings as well as listings that are coming soon. Use it to your advantage, and your…Continue
I’m curious how other agents see short sales and REOs mixing.
If you are an REO agent and are assigned a listing, you are happy. If you then find out that one of your associates in your brokerage has had it listed as a short sale within the past 6 months, your happiness might turn…Continue
Added by Robert NRBA Slick SC REO on April 28, 2010 at 2:58pm — No Comments
Special prices applicable till April 30, 2010. CAR members please use promotion code “APCAR005” and non-CAR members please use “APUSA005” on the order form.
Recently, one of our members sent me some hate mail, yes….I get hate mail and, I wanted to share some of it with you so that I can clarify some points, just to make sure we are all on the same page.
Before I do this, just so you know, I won’t be revealing who this person is so, don’t…Continue
I understand that you need to reach this goal of 25,000 members and there might be some lack of acting from some of us. I know my reason is because your not giving enough info out. You state it will benefit all of us, but how? Maybe if you would enlighten us we would take that extra step and make it more of a priority.
It would be nice for us to see the light at the end of the tunnel and if what you have brewing is worth it then i'm sure we can hit that number. I know, at the…Continue
Connecticut Senator Christopher Dodd, Chairman of the Banking Committee introduced his own Financial Reform Bill recent however, it didn’t have bipartisan support and died on arrival however, the White House bill that is likely to be brought to the floor on Monday has a very similar outline.…Continue
How to traverse the nightmare that is the Los Angeles Housing Department’s REAP Program
The other day a good friend of mine challenged me to write a journal. I have never been a person who liked to write anything down, I figure, let’s just sit down and talk about it.
Well after going through the process of pulling a few properties out of the Los
Angeles City REAP Program, I decided that I would…
The bible tells us to turn to the Lord in times of need, that He is the provider of everything. I hope I don't offend anyone here but the Holy Spirit moved me:
THE REO AGENT"S PRAYER
Lord, you are the provider of all things and all of my success belongs to you.
Please if it be by your will and not by mine that I am a succesful REO Agent.…Continue
Hamp and Hafa ProgramsI've reviewed much of the Hamp and Hafa Programs and honestly, it seems tough to use it if the homeowner has a 2nd lien(2nd Mtg) on the home, or has already…Continue
I attended the Lucky 7 Party on Friday night in Dallas. What an excellent event!
It was fun of course. But the networking was phenominal. I met great realtors, escrow people, and asset people.
I realize there are a lot of things out there screaming for your Marketing / Education / Networking dollars. But this event was very good.
For those of you I met at the event, I look forward to seeing you again in the future...perhaps this week in Palm…Continue
Added by Chris Butterfield on April 12, 2010 at 8:10pm — No Comments
Wednesday I arrived to my hotel, I was immediately on the war path. As I checked in, the first question I had for the front desk staff was, “Is Patrice Euell available, I need to speak with her.” Patrice is the hotel event coordinator and as someone who comes from the hospitality industry, I was going to make sure this event went off without a hitch.…Continue