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May 2011 Blog Posts (52)

The Mortgage Credit Crunch That Isn't

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…


Added by Marvin Arrieta on May 28, 2011 at 7:54pm — No Comments

Foreclosure Homes Account for 28 Percent of Q1 2011 Sales

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® (…


Added by Marvin Arrieta on May 28, 2011 at 7:51pm — No Comments

How to Buy Foreclosures

By: RealtyTrac


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:

  1. The borrower/owner…

Added by Marvin Arrieta on May 28, 2011 at 7:45pm — No Comments

Debt and Mortgage Solves Foreclosure

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…


Added by Marvin Arrieta on May 28, 2011 at 7:30pm — No Comments

"Virginia was here on this day."

"Virginia was here on this day." 

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…


Added by Mike Cooper on May 28, 2011 at 6:16pm — No Comments

Financing Foreclosed Homes

Most of what people call foreclosed homes are being sold by lenders saddled with a property because there were no…


Added by Marvin Arrieta on May 28, 2011 at 3:39pm — No Comments

Are you a LAMCO agent?

I'm a member of the LAMCONetwork and just signed up in their group on LinkedIn. I read some past discussions & noticed that the account executives & AMs will start a discussion if they need a REALTOR in a certain state & town! They also sometimes ask for a prop pres co. FYI-you might want to check it out. You probably have to join first; then you can find the notices under the tab "search", then look for "all discussions." If this helps one agent find work, I'll be pleased!

Added by Deborah London on May 28, 2011 at 12:42pm — 2 Comments

Blast BPOs - Dumb and Dumber

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…


Added by Justin Richards on May 26, 2011 at 6:50pm — 5 Comments

I am always leary of sites that want to charge me and then promise REO listings. is offering to hook me up for $99 any one had any experience with them?  My Wells listings automatically go to their site that is why they contacted me.

Added by Roger A. Nestie on May 26, 2011 at 5:59pm — No Comments

Unrealistic Seller Expectations

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…


Added by Mike Cooper on May 26, 2011 at 8:57am — 2 Comments

REO EXPO or 5 Star Conference...??

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.

Added by JASMINE BUCIO on May 25, 2011 at 1:30pm — 4 Comments

Will The New "Point of Contact" Plan Fix The Mortgage Mess?

Will The New "Point of Contact" Plan Fix The Mortgage Mess?

Washington is at it again.  If you've ever worked with HAMP or…


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?

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…


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?

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…


Added by Marcy Moyer on May 24, 2011 at 2:30pm — No Comments

Smart Targeting

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.  


John Wise



Added by John Wise on May 24, 2011 at 11:38am — No Comments

Things Your Mother Said . . .

Things Your Mother Said . . .

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…


Added by Mike Cooper on May 24, 2011 at 9:24am — No Comments

As Lenders Hold Homes in Foreclosure, Sales Are Hurt


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…


Added by Marvin Arrieta on May 23, 2011 at 12:36pm — No Comments

When Mortgage Borrowers Don't Pay, Should Taxpayers Be On The Hook?


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…


Added by Marvin Arrieta on May 23, 2011 at 12:27pm — No Comments

I didn't want to say it, but, "Your baby is ugly!"

I didn't want to say it, but "Your baby is ugly!" 

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…


Added by Mike Cooper on May 22, 2011 at 4:05pm — No Comments

Language Makes All The Difference

Language Makes All The Difference 

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…


Added by Mike Cooper on May 22, 2011 at 8:08am — No Comments

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