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December 2010 Blog Posts (25)

More Housing Predictions for 2011 part 2

Because the last prediction I wrote last week was such a success, I thought to myself, why don’t I blog a bit more about my predictions so, here it is.

I predict that 2011 may actually end up seeing the highest number of foreclosures in our nations recorded history.…

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Added by Jesus (Jesse) Gonzalez on December 30, 2010 at 10:54am — 7 Comments

Rent Vs Buy Today

NAR Existing Home Sales



Existing home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6% to a seasonally adjusted annual rate of 4.68 million in November, but are 27.9% below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Median existing single-family home prices rose year-over-year in 77 of 155 metropolitan areas and fell in 76…

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Added by Howard Bell on December 29, 2010 at 7:10pm — No Comments

Saving Money When Designing And Building Your Dream Log Home

Saving Money When Designing And Building Your Dream Log Home





Consider log home design options:


You have a wide variety of log home design options to consider.

At the top is a handcrafted log home or a timber frame log home. From there…

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Added by Kelli Perry, Avalon Log Homes on December 29, 2010 at 2:36pm — No Comments

REO listing assignment limits to radius

             I am sure you've heard stories about an REO agent in San Diego getting a listing assignment in Los Angeles, I am just really curious to see how many mile radius the asset management companies/banks are limiting you to I have had some companies cut back from 30 to 15 miles from office. Does anyone use their home address? If so how do they get away with it? I would like to hear seom of your feedback. Thanks, wish you all a productive…

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Added by Henry Vega on December 28, 2010 at 1:00pm — 2 Comments

Attn: Banks and Asset Managers – I will spell your name correctly too!

It is so astonishing that I am blogging about this, as I cannot fathom a seasoned agent (or educated adult for that matter), spelling their clients name wrong.... much less a client that gives you 100 listings a year!

 …

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Added by Julie Baldino on December 28, 2010 at 12:00am — No Comments

Are you receiving listings and BPO assignments because your attending conferences?

Many agents have been asking if attending conferences would be worth the investment. Personally I believe- absolutely!

This is where you go to meet like minded people who are interested in the same line of business.  What better place would there be to network.  You may just meet the perfect connection.  I did!!

 …

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Added by Susan on December 27, 2010 at 10:00am — 6 Comments

Housing Predictions for 2011

Housing Predictions for 2011

Normally, I am not in the business of predicting trends, simply because I believe all real estate is local. However, due to the economic condition of the Country and World, I do believe 2011 will be a year that either makes or breaks the real estate industry in the next 3-5 years.…

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Added by Jesus (Jesse) Gonzalez on December 27, 2010 at 9:26am — No Comments

Altisource is no longer assigning listings to agents, no matter how many BPOs or CMAs you do for them. Any work Altisource assigns to you will not get you any listing no matter what they promise. You…



Altisource is no longer assigning listings to agents, no matter how many BPOs or CMAs you do for them.

Any work Altisource assigns to you will not get you any listing no matter what they promise. You will not be paid for any property management or assistance you do for them. The do still need local Agents for BPOs and CMAs and do still pay the money for those. Make no mistake you will not get listings from Altisource…

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Added by barbara scarbrough on December 23, 2010 at 12:10pm — 5 Comments

Ohhhhh the Moratorium

Its been about 5 years since I started in this REO indurstry.  Progressively, the game has changed and things have become harder and harder to deal with on a small level.  I have 18 employees and 20 sales agents, so we get it all done here.  But now, during the same time every year, we have these 2-3 weeks of nothingness.  What I don't understand is why there is a moratorium?  Listen, I have a heart, and I understand people do fall onto bad times, but c'mon.  You took out a mortgage a few…

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Added by Anthony Mann on December 23, 2010 at 8:47am — No Comments

Titanium Solutions a dream or nightmare?

Titanium Solutions a dream or nightmare?

I have been a Titanium Housing Retention Consultant for a while now and as of tonight, I don’t believe I am anymore.

Let me say, when Titanium first started, it was a force to be reckoned with.…

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Added by Jesus (Jesse) Gonzalez on December 22, 2010 at 8:39pm — 9 Comments

Fannie Mae approves four new BPO providers

Fannie Mae added four new broker price opinion providers to its database Friday, according to a servicing note sent out by the government-sponsored enterprise. As of Feb. 1, 2011, Fannie Mae is allowing servicers to use BPO referrals from all the companies on a list its compiling. Fannie Mae set limits on BPO reimbursements, effective Friday. The amount of reimbursement for an exterior BPO is $80 and for an interior BPO is $105. Fannie noted that the process for submitting reimbursement… Continue

Added by Fernando Conde REO ListingBroker on December 22, 2010 at 3:25pm — 2 Comments

Tips on working with your REO Staff

Do you have an REO Staff to assist you if so

Follow these words of advice with your staff-  to your success!

 …

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Added by Susan on December 22, 2010 at 11:00am — 2 Comments

Position yourself as the go to agent.

Asset managers want to work with real people. You have to be easy to work with, make things very simple not complicated. You have to be the one they can trust to get the job done- be their go to agent in your city.  Remember asset managers are dealing with many people and files on a daily basis and this can be very stressful.  They need agents who will make things simple and will make their working life easy.

 …

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Added by Susan on December 21, 2010 at 11:00pm — No Comments

Why I have chose E Broker house as my management system of choice.

E Broker house is my management system of choice.  I looked into the many different web based management systems out there and found E Broker house to be very user friendly and affordable.  I was able to learn the system within a very short period and began to implement it in my daily activity of REO.  It has worked out great.  I wish I knew about E…

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Added by Susan on December 21, 2010 at 10:44pm — 2 Comments

I am addicted to BPO's

I know I usually write preachy blogs but today it is different.

I am confounded that I cannot get more BPO work to do.  I notice companies like Clear Capital have their "designated agents"  ( you lucky one's!!!).  Another company denied me because they have another agent within a 30 mile radius in my office doing BPO's (E Mortgage Solutions).

I get most of my work through OLD REPUBLIC TITLE and I wish I had more from them .  They are good to work with...their reps will call you…

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Added by John Accornero on December 21, 2010 at 2:00am — 5 Comments

Program 3648 for REO Listings

Did anyone hear of this program 3648.  You pay now $99.00 up front, $299 a month and when the short sale closes you get the buyer to pay 1% if not, you pay the company that amount.  They guarantee you 150 leads per territory.  There are so many scams and I want to know if anyone used this.  Thanks for your help.

 

Donna

Added by Donna Lavin - CDPE, SFR on December 17, 2010 at 10:35am — 5 Comments

Ushud.com

I was just called by someone from this company.  They are stating if I pay them 295.00 I will have 3 training sessions and I will get all the buyer leads from HUD in my area.  195/month after if I want to continue to get the leads.

They state they attract local buyers

They connect the buyers with an exclusive agent.

I will be able to do BPO's and if they are done well I will start getting listings within 3 weeks.

Has anyone been contacted with…

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Added by Paul Cranick on December 16, 2010 at 10:53am — 7 Comments

Mortgage Bankers Weekly Update: Mortgage Applications Decrease

Mortgage Bankers Association for the week of 12/8/2010

Market Composite Index:(loan application volume) decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving Holiday

Refinance Index: decreased 1.4 percent from the previous week. This is the…

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Added by Howard Bell on December 11, 2010 at 9:00pm — No Comments

Freddie Mac Weekly Update: Bond Yields Rise and So Do Mortgage Rates

30-year fixed-rate mortgage: Averaged 4.61 percent with an average 0.7 point for the week ending December 9, 2010, up from last week when it averaged 4.46 percent. Last year at this time, the 30-year FRM averaged 4.81 percent.

The 15-year fixed-rate mortgage: Averaged 3.96 percent with an average 0.7 point, up from last week when it averaged 3.81 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent.

Five-year indexed…

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Added by Howard Bell on December 11, 2010 at 9:00pm — 1 Comment

Power & Passion

Wow I am very impressed with

the passion others in this forum

express.

We have at our finger tips the

power to embrace and express

our passions like never before

in the history of the universe.

I (for one) intend to use this power

to the best interest of all concerned.

To enable and empower every life

I touch with the realization that we

all have a voice and deserve to be

heard.

Added by Cheryl Charnell on December 11, 2010 at 1:40pm — 1 Comment

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