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As a Professional Home Inspector serving North Texas, I see foundation repairs on many homes I inspect. Some say that in North Texas, it is not a matter of if but when a home's foundation will need repair. Foundation repairs are very common in our…Continue
Added by David Selman on April 30, 2012 at 3:42pm — No Comments
I just heard an incredible story that I don't know is true or not but, the point the story makes is going to be a key to any aspiring REO agents success and that is what I want to talk about.
So, Lisa the REO Listing Agent calls me wanting to know if I had ever heard of Rodger the REO Expert. I told Lisa yes, I had heard of Rodger. She stops me mid sentence and ask me if I think he is any good. I wasn't sure exactly what she was referring to so I asked her, good at what? Lisa tells me…Continue
The Wisconsin housing statistics are now in for March of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:
“We certainly had a mild winter, and that may account for some of the strength in home sales last month, but it’s important to note that we’ve seen very strong growth in home sales over…
Added by Michael Collins, CDPE, SFR on April 24, 2012 at 12:45pm — No Comments
I called AMRE today regarding their Business Model: BPO's, REO's etc.
The Receptionist answered, I asked to speak with someone regarding Broker Registration and more information about their company. She replied, "She can take a message, and a Gentleman will call me back." I asked "What is the Gentleman's name?" She says its "Blah, Blah(Whatever)."
I asked does your company provide BPO's REO's to Real Estate Agents, She replied " We are expanding our Broker…Continue
Putting Aside Your Emotions When Selling a Home
Because of the large investment needed to purchase a home, sellers often find themselves in a difficult situation. This…Continue
Added by Michael Collins, CDPE, SFR on April 23, 2012 at 12:47pm — No Comments
I am helping out on a short sale in Redwood City where Chase is servicing the first and second loan. What this means is that the owner has first and second mortgages that were originally gotten from Chase. These loans were then sold to investors and Chase maintained the servicing. This means that ultimately Chase no longer makes the decision about whether or not to…Continue
Added by Marcy Moyer on April 22, 2012 at 2:40pm — No Comments
It is no secret that the market in Silicon Valley is crazy. The inventory has never been lower so the competition for homes is fierce. For example, Taylor Morrison is opening up a new town home development in Sunnyvale in May and they already have 300 people on the waiting list. Homes in Palo Alto are sometimes getting…Continue
Added by Marcy Moyer on April 20, 2012 at 2:28am — No Comments
Today HousingWire broke the story on Vendor Resource Management's successful bid on the Veteran Affair's (VA) mortgage servicing contract. NAWRB is a recognized affiliate and membership partner of VRM. Both organizations will hold training at the upcoming REO Expo: NAWRB's Get Ready, Set, Certify! and a separate VRM U training session.
I’ve had limited interaction with Bank of America. And what I have had has never been favorable.
I am aware of how Fannie handles posting of the KYO form and cash for keys documents.
I have a friend renting a local home, a letter came in the mail today stating that foreclosure proceedings have begun and will expect occupant to vacant the home prior to HUD taking the house over. (60 to 90 days)
Then the letter states that if HUD does not take it over there will be other…Continue
Tips for Home Sellers to Minimize Their Risk in Lease-to-Own Transactions
The economic downturn in the housing market over the past 5 years has driven up the number of…Continue
Added by Michael Collins, CDPE, SFR on April 16, 2012 at 4:17pm — No Comments
After a stressful tax session, treat yourself to something nice. Check out these post tax coupons.
Added by Desiree Patno on April 16, 2012 at 10:28am — No Comments
Has any one had any experience with the follwoing companies- there ae some that are legit but so many that are not, take your money and you never hear form them again:
REO Industry Directory they charge $295 and promise a free renewal if you get no work
REO Lister- charge $595
Prime Agents by zip code $159
www.youragents kust.com $250 per yearContinue
I just closed a Wells Fargo Short Sale that is not typical. It was a nice 3 bedroom townhome in North San Jose, close to Santa Clara. The owners were divorcing and neither could afford to buy the other one out or afford the property alone. This constitutes a hardship in most lender's minds. I have closed other Wells Fargo short sales with similar circumstances. The current owners had been able to…Continue
Added by Marcy Moyer on April 13, 2012 at 12:51pm — No Comments
This is a debt limit satire video that I think you all should see and forward to others. Granted, they reduced the numbers so it's a bit more realistic to understand but, the ratios they use are the same. Wait till the very end......then you will really understand just how bad this whole debt thing is.
Added by Jesus (Jesse) Gonzalez on April 11, 2012 at 9:31pm — No Comments
What a home inspection is, and is not
In the home buying process, a professional Realtor will always recommend that you have the home inspected. Many agents refer their clients to outstanding, honest home inspectors who perform unbiased inspections. Other agents…
Added by David Selman on April 11, 2012 at 3:30pm — No Comments
How to Buy a Home Once You Have Completed a Short Sale…Continue
Added by Michael Collins, CDPE, SFR on April 10, 2012 at 12:23pm — No Comments
My mom is a garage sale warrior. She’s constantly on the prowl for the next great deal she might uncover on an unsuspecting Saturday morning drive. I on other hand will swing by on occasion lacking the enthusiasm that she usually arrives with. As I rummage through old frames, board games with missing pieces, and the occasional holiday sweater, I’m always amazed…Continue
Your company's online presence and reputation is a critical component of bringing in new leads and business. One of the most effective ways to communicate that your company is both competent and reputable is to post online client testimonials.
Up to this point, we had been sending customers a direct email asking them to reply with their personal testimonial. The response rate was less than ideal.…Continue
Added by Michael Collins, CDPE, SFR on April 9, 2012 at 1:07pm — No Comments
“We are glad you chose us as your lender. As you know, your credit score is _______.” For some people, filling in that blank might be nerve-racking. For others, it might be a source of pride and personal accomplishment. If you are working on your credit score, or simply want to know more about putting together a score that will make friends…Continue
Added by Michael Collins, CDPE, SFR on April 3, 2012 at 11:47am — No Comments
Bank of America Launchers new Short Sale Processes and Inititaions as of April 13, 2012
In an effort to reduce time frames, get faster approvals and streamline the short sale inititaion process, BOA will be launching new processes as of April 13, 2012.
1. Concurrent Workflows: This means that instead of BOA waiting to get a BPO until they have recevied all document, they will do the BPO and doucment collection at the same time.
Added by Jesus (Jesse) Gonzalez on April 2, 2012 at 3:32pm — No Comments