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June 2011 Blog Posts (27)

Michael Collins Completes Prestigious RSD Designation to Specialize in Bank Owned Homes

Michael Collins in Janesville WI, has earned the prestigious Harris Real Estate University Certified Real Estate Owned Specialist Designation (RSD), having completed extensive training in the techniques necessary to secure, negotiate and sell (REOs).

FOR IMMEDIATE RELEASE



PRLog (Press Release)Apr 28, 2011 – Michael Collins…

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Added by Michael Collins, CDPE, SFR on June 30, 2011 at 3:30pm — No Comments

Michael Collins Receives Short Sales & Foreclosure SFR Designation

Michael Collins has just returned from Madison, WI where he completed a highly specialized course in Short Sales and Foreclosures conducted by the Council of Residential Specialists of the NATIONAL ASSOCIATION OF REALTORS®.
FOR IMMEDIATE RELEASE





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Added by Michael Collins, CDPE, SFR on June 30, 2011 at 3:30pm — No Comments

I GOT PAID!!

I was shocked, stunned and thrilled when I received a check in the mail for every BPO that I have done for BPO Valuation - BPOonline.  Plus a letter of apology along with information that they are on a new system that will pay agents within 30 to 45 days.

 

Even though it has been almost a year since these BPOs were done and after I finally had given up on ever getting paid even though I contacted them several times, it was nice to see this company step up to the plate and make…

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Added by Cindy Billman, CDPE, SFR, HAFA on June 25, 2011 at 9:53pm — 1 Comment

New group LinkedIn on REO PRO

I have been on linkedin for sometime, I believe the network can help your business I have been contacted from my profile and have received listings from connections on Linkedin. Feel free to send me an invite today I am always looking to add connections. You can share your email within the group on the wall post for others to be able to invite you as an added connection on Linkedin you will have a…
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Added by Brandon Jordan on June 23, 2011 at 1:26pm — No Comments

BPO Automation Group Now Able to Automate: AMN Forms

BPO Automation Group Now Able to Automate: AMN Forms

 

 

Top Questions About AMN Forms to BPO Automation Group Sales Manager, Steve:

 

1. Are you able to automate AMN forms?

Yes, we do! So, even if…

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Added by Nicole Ocean on June 22, 2011 at 11:03am — No Comments

No such thing as an approved HAFA Short Sale

I recently obtained a client who lost his job a year ago.  He did all the right things.  He contacted his lender, applied for a loan modification, made the trial payments which extended way past the three month trial period.



When he could see that his loan modification was going nowhere, he went to a HUD counselor and completed the credit counseling.  His loan server finally said he was not qualified for HAMP.  BUT, he did qualify for an approved HAFA sale!



That's where I came… Continue

Added by Jan Baron, RDCPro, CSP, BPOR on June 21, 2011 at 8:06pm — 4 Comments

Fannie Mae running a pilot Utility Management program

Below Is part of an email I received this week I am wondering if anyone here on REO PRO has had a track record with this program with other outsourcers that may have tried this before. If you have ran into this already how easy was the conversion any problems to look out for?

 

 

One or more of the properties assigned to you has/have been selected for Fannie Mae's Utility Management Pilot. As part of the…

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Added by Brandon Jordan on June 19, 2011 at 2:30pm — No Comments

NEW GROUP WANTS YOUR MONEY

I have received several emails and contacts from agents asking about a newly formed group that is soliciting memberships by the name of US REO.  They are asking for over $2000 annual in dues to "join their membership".  Their benefits are nicely laid out on their web site and there is nothing there that I can see that is worth 10% of their $175.00 per month dues.  I can find most of what they offer for much less or free for that matter.  We network with other REO Pros right here so why would…

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Added by C J Johnson, Broker/SFR/CRS/ABR on June 18, 2011 at 11:45am — 2 Comments

Goodbye to BPO Automation

Dear Friends, Colleagues and Clients:

 

Two years ago Nicole Ocean approached me with a challenge: to develop software to automate the tedious process of filling in web-based BPO forms. She had the vision and experience to see what was possible, but it was more than one person could do, so together we formed the BPO Automation Group to make her vision a reality.

 

Today, the BPO Automation Group is the largest provider of BPO form-automation and automated…

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Added by Tim Ventura on June 18, 2011 at 1:53am — 1 Comment

B PASHN8!

B PASHN8! 

 

This license plate has been on my Volvo for the past 8 years.  I recently gave my car to my church, and the DMV wouldn't let them keep the…

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Added by Mike Cooper on June 17, 2011 at 2:20pm — No Comments

Americans, Not so Wealthy Anymore.

As many of us know, from working in the real estate industry and widely reported over the years, the majority of Americans carry their wealth in their homes. In short, every time Johnny Home Owner paid his mortgage, he was essentially making a payment into his savings account. The number one problem with this practice is, it locks up your money because, it’s not liquid cash, it’s equity. And as many of us have learned, you can’t drawn on that equity when credit markets tighten and home…

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Added by Jesus (Jesse) Gonzalez on June 16, 2011 at 11:37am — 1 Comment

Predictions Mid Year Review.

Well, it’s mid year 2011 and I want to take a minute and look back at those silly predictions I made in December of 2010 so that I can toot my own horn a little. I am a good tooter.

On December 30th 2010 at 10:54am cst on REOPro, I made 7 predictions about what I believed would occur in the US economy as a whole and in turn, the housing industry.

I predicted that 2011 “may actually end up seeing the highest number for foreclosures in our nations recorded…

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Added by Jesus (Jesse) Gonzalez on June 15, 2011 at 10:31pm — 1 Comment

Teach Your Kids to be Financially Independent. Here's Simple Way.

Teach Your Kids to be Financially Independent. Here's a Simple Way. 

One of the best things my wife and I ever did was put our kids on salary.  When our sons were 8 and 10 we put them on a monthly salary. …

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Added by Mike Cooper on June 12, 2011 at 10:49am — No Comments

Close Your Eyes So You Can See

Close Your Eyes So You Can See 

I've always heard that when you lose one of your five senses that the other ones become more intense.  Recently I was resting my eyes (taking a nap), and I heard a commercial on the radio that has a TV counterpart.  When I heard it on the radio I…

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Added by Mike Cooper on June 11, 2011 at 7:53am — No Comments

Ocwen-Altisource Listings Should Not be in Your MLS - They're UNSAFE!

That's Right, fellow Brokers...they're UNSAFE.

 

That's because the listing agent never sets foot in them, relying on local maintenance companies who don't hold real estate licenses to prepare them for sale.  Imagine the liability for the out of state listing agent when your client's 10 yr old son takes a swan dive out of an  unsecured kitchen back door 12 feet to the ground below.  These agents don't even see their own listings.  What would their E&O carrier say about…

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Added by Robert R. Herzog on June 10, 2011 at 4:02pm — 4 Comments

Sellers want to sell, and Realtors want to sell. So, what's the problem?

Sellers want to sell, and Realtors want to sell. So, what's the problem? 

Sellers want to sell, and Realtors want to sell. So, what's the problem? The problem is some sellers lie, and some Realtors lie (no offense…

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Added by Mike Cooper on June 9, 2011 at 8:34pm — No Comments

Foreclosure Starts at Lowest Level Since 2008 CALM BEFORE THE STORM?

Foreclosure Starts at Lowest Level Since 2008

by Alexis McGee on June 6, 2011

For some reason, the press…

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Added by Robert Moreno on June 8, 2011 at 6:30pm — 1 Comment

NO TO QE3 OR JUST A STRATEGIC WAIT?

cont. .......I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

IS QUANTITATIVE EASING AN ANSWER TO THE STRUGGLING HOUSING ECONOMY?

 

I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

Seller leaves over $66,000 on the table by not staging this home! Are you doing this also?

Yes, after one agent tries, unsuccessfully, to sell this home 97 days, posting ONE front photo, a 2nd agent tried for another 137 days until finally they sold it for $66,000 LESS than asking price. After I Staged it and relisted for more than $55,000 of what was paid for, we have 4 offers in ONE day, all over asking price!

Here are a few more photos…

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Added by Addie D Scharff on June 8, 2011 at 10:59am — 2 Comments

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