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November 2010 Blog Posts (29)

Are Homebuyer's Unethical by Nature?

Ok I will grant you this is an REO forum but I believe we all help buyers at one time or another and what I am about to say might irk a few colleagues but then again let's have some dialogue on this! Here I go:

I was reading on another blog how this one agent wanted to inject his own comission bonus into a purchase agreement and the overwhelming consensus was that it was illegal to do so. It seemed to get hung up on that one fact alone,not just the offer being submitted was…

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Added by John Accornero on November 29, 2010 at 1:00am — 3 Comments

Mortgage Bankers Weekly Update: Mortgage Purchase Applications Increase



Mortgage Bankers Association for the week of 11/24/2010



Market Composite Index: (loan application volume) increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.1 percent compared with the previous week.



Refinance Index: decreased 1.0 percent from the previous… Continue

Added by Howard Bell on November 26, 2010 at 4:24pm — No Comments

Freddie Mac Weekly Update: Mortgage Rates Stable

30-year fixed-rate mortgage: Averaged 4.40 percent with an average 0.8 point for the week ending November 24, 2010, up slightly from last week when it averaged 4.39 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.



The 15-year fixed-rate mortgage: Averaged 3.77 percent with an average 0.7 point, up slightly from last week when it averaged 3.76 percent. A… Continue

Added by Howard Bell on November 26, 2010 at 4:24pm — No Comments

Hyperinflation on it's way.

The threat of hyperinflation is more real as Russia and China announce that they are renouncing the U.S. Dollar for and will use domestic currency in bilateral trade.

So, what does that mean to you, average American.

Well, first you need to understand that the only reason the US Dollar was…

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Added by Jesus (Jesse) Gonzalez on November 24, 2010 at 1:53pm — No Comments

REO 2nd Opinion BPO- Something really interesting happened to me...

I just completed a 2nd opinion BPO for an asset about to come to market listed with another broker. I have never been asked to do one before. Is this common for every REO about to be listed, or only when there is a particular reason? And if so, what are some of the common reasons?
During the submission of the report, something really interesting happened. One of my pendings became a sold! When I first submitted the entire report to the company, at that moment, the MLS printout they wanted…
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Added by Deborah London on November 24, 2010 at 1:37pm — 5 Comments

OVERWHELMED with Business! Fannie/Freddie NEED to Spread their REOs out among Various Listing Agents!

Has this happened to you?!?

Lately I have had clients make offers on Freddie Mac REOs with the local Freddie Mac REO listing companies. In Boise, as in many communities around the country, local brokerages have a virtual monopoly on listing properties for Fannie Mae and Freddie Mac.

The overwhelming number of REOs dumped onto our market has completely overwhelmed these listing agents. Of course, some of these REO agents are…

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Added by Natalie and Randall Filbert on November 24, 2010 at 10:30am — 1 Comment

CAN WE BE THANKFUL IN THIS BUSINESS?

Can we be thankful in these economic times of inflation, bankruptcy, foreclosures, and unemployment. Some of today's headlines read “Homes in Default Hit Historic Records”, “The Real Estate Dooms Day Scenario”, “Home Value Loss....Greater than The Great Depression”. It's hard to be thankful, when commissions are cut, more Realtors getting into the industry, more guidelines and rules to follow. Can we be thankful in this business? The answer is yes. We in the…

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Added by Monica Dehnert on November 24, 2010 at 6:47am — No Comments

Why Is A Palo Alto Escrow Like a Teen Romance?

The beginning of a Palo Alto escrow is like the beginning of a teenage romance, everything is perfect. You have found your soul mate and all promises are meant to be kept.  You never dream that your heart will ever be broken. It doesn't matter that one party is a jock and the other an intellectual, one is a Democrat and one a Republican, or one likes to…
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Added by Marcy Moyer on November 23, 2010 at 4:00pm — No Comments

Understanding The Foreclosure Process

Most of us understand that when we borrow money to buy real estate we sign a document that requires us to pay back the money over time to the bank. Most borrowers loosely refer to that debt as a "mortgage." When our most recent market bubble burst many Americans, unfortunately, became intimately familiar with what happens when they don't make their mortgage payments - Foreclosure.



The Foreclosure process is different depending on the state in which you reside and the two…

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Added by Allan S Glass on November 21, 2010 at 4:22pm — 1 Comment

Do You Care About Your Children?

I am not a lawyer or an accountant so please do not construe this as legal or tax advice. However, friends do not let friends leave their estates to probates, so let’s just say I am your friend.
 
Trust Sale in…
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Added by Marcy Moyer on November 21, 2010 at 4:00pm — No Comments

A Thank-you Goes a Long Way in a Sunnyvale REO

It is not easy to close a transaction, and an REO is no exception. In my area we do not have a lot of bank owned properties for sale. Even in 2009, when San Jose had a good number, the northern part of Santa Clara County had very few foreclosed homes as a percentage of listings, and newer, nice homes were even harder to find. In 2010 the REO inventory has been few and far between, so when a 4 year old home in the…

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Added by Marcy Moyer on November 20, 2010 at 9:26pm — 1 Comment

I have all of Google’s Top 10!

WOW, I just was looking over some SEO (Search Engine Optimization) stuff for a question recently sent to me by a member and I noticed, in Google’s search Engine, if you type, Jesse Gonzalez Nashville, you get 293,000 results of which, I am all of the top 10, first page!!!!

The best part of all…

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Added by Jesus (Jesse) Gonzalez on November 17, 2010 at 9:00am — 7 Comments

Expanding my business and bringing my daughter in

I am looking at bring my daughter in to my business. I could use advice, here is my plan.

Form a LLC with her as the owner at least 51%. I am currently with Keller Williams and will…

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Added by Blaine Radford on November 16, 2010 at 12:36pm — 2 Comments

CHASE ASSET MANAGER meeting

Ok not really but I really wanted to announce that somehow NAHREP has figured out how to get the shortsale and REO department VP to come to a two hour presentation this Thursday at 11 am in Pasadena CA!

Amazing low cost...$25.00!!! Two hundred seats still available! Shall I bring my resume? I am definitely going full on business attire for this....never can tell they just might be in a good mood that day to hand over a listing.

Hope to see some of us there!

Added by John Accornero on November 16, 2010 at 2:47am — 3 Comments

Promote your Business

Most companies are looking for the best, inexpensive ways to advertise because they don't have millions, or even thousands, to spend on advertising. Make the most out of the ad dollars you do have, no

matter how limited you are. These cheap ways to advertise give you a

variety of options to choose from when you're on an ad budget diet while

giving you a good return on your advertising investment: …



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Added by Brian Roth on November 15, 2010 at 8:30pm — 1 Comment

The Power of a Brand.

What is the importance of building a brand?

Brand Equity is the difference between what a branded item can charge over what an unbranded item can charge.

A product can be manufactured. A Brand is what the customer buys.

A product can be duplicated. A Brand is unique.

Think of it this way, when a person buys a brand, they aren't buying the product (which can be duplicated) they are buying the guarantee of…

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Added by Nick Miller on November 14, 2010 at 6:22pm — No Comments

The New Face Of Real Estate In The Next Decade

It's sad but true the next decade of real estate will be entirely different than what it has been and will be for many years to come. This mess we've found ourselves in did not happen overnight and it won't go away overnight. Just yesterday I heard that a major employer in this area is laying off 1000 employees, where will these people go to work making anywhere close to what they were making with the benefits they have I don't know.

Will… Continue

Added by Sally Morris on November 13, 2010 at 9:53am — No Comments

****BPO Automation Product Inquiry

I am considering purchasing the BPO automation product. These products are not cheap and I am looking for some honest feedback or review. If you have purchased the product which one it was, the Auto Accept or Auto Fill? I am assuming the auto Accept is the preferred product.

Once you purchased the product did you BPO volume increase? Were the companies happy with the quality of the product and work received?

Please provide any other insights or…

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Added by John Taylor MBA,CSP,HRC on November 12, 2010 at 9:31pm — 3 Comments

Own Your Own Real Estate Business

No I am not trying to sell you a Real Estate Franchise or existing business. What I am selling is a mind set - a paradigm shift.

How many times, when people ask you what you do for a living, you respond with "I sell Real Estate"? Really, is that all you do?

What about the response, "I run a real estate business?" Could this be more accurate?

Think about it; when…

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Added by Nick Miller on November 10, 2010 at 8:00pm — No Comments

How Does The Foreclosure Freeze Impact Housing



The Optimists



Bank of America, JP Morgan Chase, Ally Financials GMAC mortgage division and PNC Financial, have all suspended home seizures in all 23 states where courts oversee foreclosures. Bank of America is halting foreclosures in all 50 states to examine its process. Past sales will stand, and if you are not already out of the house.…



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Added by Howard Bell on November 10, 2010 at 6:05pm — No Comments

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