America's Largest Social Network for Default Real Estate Professionals
By Peter G. Miller
It's gotten a lot harder to get a mortgage we're told, something routinely blamed on Wall Street Reform. If only we had less regulation, goes the cry, then lenders could surely make more home loans.
In fact, numbers from the Federal Reserve tell a different story. Residential real estate debt today is actually higher than in 2006 when home prices were soaring. Not only that, loan-to-value ratios…Continue
Added by Marvin Arrieta on May 28, 2011 at 7:54pm — No Comments
By RealtyTrac Staff
Average REO Discount 35 Percent; Foreclosure Discount Drops to 9 Percent
Average Time to Sell at 176 Days for REOs; 228 Days for Pre-Foreclosures
IRVINE, Calif. – May 26, 2011 — RealtyTrac® (…Continue
Added by Marvin Arrieta on May 28, 2011 at 7:51pm — No Comments
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice. The foreclosure process can end one of four ways:
Added by Marvin Arrieta on May 28, 2011 at 7:45pm — No Comments
Are you interested in buy a house? Well, if you are then, here are some pointers that might help you go through the process easily. More and more people are dealing with bad debts these days. This might be a result of over spending and uncontrolled self-discipline. If you are suffering from having bad debt ratings, you probably know that you cannot buy a house if you have a bad debt; they go along together so you cannot buy a house if you have a bad credit…Continue
Added by Marvin Arrieta on May 28, 2011 at 7:30pm — No Comments
On this Memorial Day weekend, I would like to thank all of the men and women who have defended this country from its inception to the present day. It is not without great sacrifice and dedication that you have put your lives in harm's way for the…Continue
Added by Mike Cooper on May 28, 2011 at 6:16pm — No Comments
Most of what people call foreclosed homes are being sold by lenders saddled with a property because there were no…Continue
Added by Marvin Arrieta on May 28, 2011 at 3:39pm — No Comments
Earlier this year I had a scare when my 3yr old daughter started sneezing and later coughing up blood. I did my best to keep my cool, but I inside I was freaked out. What I needed as I drove to Kaiser was an accurate diagnosis of what was wrong so we could make the…Continue
Added by Roger A. Nestie on May 26, 2011 at 5:59pm — No Comments
I loved Debe Maxwell's post "The Longer the Shelf Life, The Less Chance You Have of Selling Your Home". I wish I could send it to a couple of my sellers (previous and…Continue
I've been questioning if I should attend REO EXPO this year. There's also the 5 Star Conference that I really was planning on attending. If anyone is going or has been to either convention please share your experience.
Washington is at it again. If you've ever worked with HAMP or…Continue
Added by Mike Cooper on May 24, 2011 at 8:12pm — No Comments
How is a Mountain View Probate Sale Different From a Regular Sale
A probate sale is not the same as a regular sale, but unless court confirmation is required the differences are not that great. It is a world away from a short sale or foreclosure.
In a probate sale, the owner of a property has passed away and the home is being sold to settle an estate. The owner may have had a will, or may not have had a…Continue
Added by Marcy Moyer on May 24, 2011 at 5:00pm — No Comments
How is a Palo Alto Short Sale Different From a Regular Sale
A short sale is not the same as a regular sale and the differences are very significant. It is not a simple process and if you are buying or selling a short sale you should be working with an agent who knows what her or she is doing.
In a short sale the seller owes more on the home than it is worth. The seller needs to ask the lien…Continue
Added by Marcy Moyer on May 24, 2011 at 2:30pm — No Comments
I just sat through a 30 minute presentation from a company called Smart Targeting. They use high-end analytics to measure the Seller's in your farm who are more likely to become Seller's supposedly focussing your farm down to the top 20% of Seller's rather than blasting information to the entire farm. Has anyone heard of this company and/or used it and what kind of success did you have?
Thanks for any feedback you can provide.
Added by John Wise on May 24, 2011 at 11:38am — No Comments
Most of us have a list of things our mothers said to us when we were kids. Some of those things came to pass and some didn't. Here's a short list of the ones I've heard from my mother and the mothers of my childhood…Continue
Added by Mike Cooper on May 24, 2011 at 9:24am — No Comments
By ERIC DASH
Published: May 22, 2011
EL MIRAGE, Ariz. — The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery.
All told, they own more than 872,000 homes as a…Continue
Added by Marvin Arrieta on May 23, 2011 at 12:36pm — No Comments
by JACOB GOLDSTEIN
Or, to re-phrase the headline in a more boring way: What, if anything, should replace Fannie Mae and Freddie Mac?
It's a hugely important question. The bailout of the two companies has cost taxpayers well over $100 billion.
And the mortgage market is still being propped up by the federal government. For roughly 90 percent…Continue
Added by Marvin Arrieta on May 23, 2011 at 12:27pm — No Comments
We've all had that client who truly believes he can defy the market and list his home for 20-40% over a solid CMA value. I get one (or more) every year who thinks there is something so extraordinary about his…Continue
Added by Mike Cooper on May 22, 2011 at 4:05pm — No Comments
I recently worked with a foreign couple, and we had moments where the language barrier between us brought everything to a crawl. It wasn't that we were having problems with each other, but the differences in language and…Continue
Added by Mike Cooper on May 22, 2011 at 8:08am — No Comments