America's Largest Social Network for Default Real Estate Professionals
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.…Continue
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…
Added by Howard Bell on December 29, 2010 at 7:10pm — No Comments
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 you
can go with a milled log home and even a conventionally…
Added by Kelli Perry, Avalon Log Homes on December 29, 2010 at 2:36pm — No Comments
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…Continue
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!
Added by Julie Baldino on December 28, 2010 at 12:00am — No Comments
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!!
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.…Continue
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 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…Continue
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…Continue
Added by Anthony Mann on December 23, 2010 at 8:47am — No Comments
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.…Continue
Do you have an REO Staff to assist you if so
Follow these words of advice with your staff- to your success!
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.
Added by Susan on December 21, 2010 at 11:00pm — No Comments
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…Continue
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…Continue
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.
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…Continue
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…Continue
Added by Howard Bell on December 11, 2010 at 9:00pm — No Comments
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.
Wow I am very impressed with
the passion others in this forum
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