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December 2011 Blog Posts (31)

Check this Article OUT!!! Ratio: 3.5 Million Homeless and 18.5 Million Vacant Homes in the US!!!

I just wanted to past this one along to ALL of my fellow Professionals....Please give feed on this one.

 

P.S. I think this comapny can HELP with it: Halo America LLC-Housing Solutions 4 America!!!

 …

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Added by Mr. Dennis Ford Jr. on December 31, 2011 at 2:55pm — No Comments

Palo Alto Distressed Property Watch 2011

It's the end of the year so time for the round-up of distressed property sales in Palo Alto. So here's what happened:

 

Single family and condo townhomes 2011:

Total sales:  590

Short Sales: 13

REO:           9

Distressed sales as a percentage of total sales: 3.73%

Compare to 2010

Total sales:   563

Short Sales:   8

REO:            6

Distressed sales as a…

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Added by Marcy Moyer on December 29, 2011 at 11:15pm — No Comments

Hope? in 2012

As we start 2012 and 2011 comes to an end, we will all stand in jaw dropping awe that we survived....we made it.....and the promise of a new year, raises the heads of many to the bright future that lays before us, or so that is how the story is suppose to go.

Let's be honest, 2011 was brutal. No, I am not going to go into my top 10 2011 screw ups and goof ups but, let's just simply agree that the majority of Americans want to forget that 2011 really ever happened. Now, that is…

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Added by Jesus (Jesse) Gonzalez on December 29, 2011 at 5:05pm — 6 Comments

Why Does Bank of America Keep Rejecting Me?

I was starting to feel like the last player picked in dodge ball. The rejections were really hurting, especially since there was never any reason given. Just messages saying your supporting documents were rejected. Oh the pain!

I finally got a really nice B of A negotiator on the phone today who gave me a simple explanation, the buyer's proof of funds were downloaded as a web page instead of being a PDF of the originals, and the current policy is only original statements are accepted,…

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Added by Marcy Moyer on December 28, 2011 at 8:21pm — 1 Comment

#1 Rule of Marketing: Getting Your Customers Attenton.

If you have read my last couple of blog post, you know by now that I am a big fan of this new book I am reading: The Personal MBA: by Josh Kaufman (www.peronalmba.com)

Here is an excerpt from his chapter on Marketing: "Rule #1 of Marketing is that you potential customer's available attention is limited. Keeping up with everything in your world would require way more attention than you actually have to work with. To compensate,…

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Added by Nick Miller on December 27, 2011 at 5:58pm — No Comments

Recommended Tools for Running Your Business

Technology is a wonderful thing, for the most part. I admit, I sometimes dream of going back to a time before cell phones. But since we have the technology, we must embrace it.

I subscribe to several magazines. My favorite is Inc. Second is Fast Company. The reason why I love these magazines is that they introduce me to new web-sites, tools, apps, and technology I can incorporate into my business.

Some of my favorite must haves are:

Evernote

Google…

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Added by Nick Miller on December 27, 2011 at 5:57pm — No Comments

Be Careful Your Redwood City Loan Modification Attempt Does Not Lead To Foreclosure

Sad story. A client told me last February that she was not able to make the payments on her $750,000 home loan. The house is now worth about $400,000 and this person wanted to get a loan modification and get the principle reduced. I can not tell you how many times I hear this story and how few times I have heard that there actually was a principle reduction. Actually I can tell you how many times I have heard of a principle reduction, once.

Ok, so it is bad enough that banks…

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Added by Marcy Moyer on December 27, 2011 at 2:00pm — No Comments

Recommended Tools for Running Your Business

Technology is a wonderful thing, for the most part. I admit, I sometimes dream of going back to a time before cell phones. But since we have the technology, we must embrace it.

I subscribe to several magazines. My favorite is Inc. Second is Fast Company. The reason why I love these magazines is that they introduce me to new web-sites, tools, apps, and technology I can incorporate into my business.

Some of my favorite must haves are:

Evernote

Google…

Continue

Added by Nick Miller on December 26, 2011 at 6:42pm — 1 Comment

Why A Palo Alto Short Sale Agent is Working on Christmas Eve

One of the best things that has happened to short sales in the last couple of years is the on line platform for processing a short sale. There are several platforms in use, but Equator is one of the more popular ones, and is the one used for Bank of America and Wells Fargo Short Sales. So, instead of your agent having to fax all the documents, usually several times, the…

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Added by Marcy Moyer on December 25, 2011 at 4:04pm — No Comments

The Value of Agency

Another excerpt from The Personal MBA: by Josh Kaufman.

Agency as described in Kaurfman's "Twelve Standard Forms of Value"

"Agency involves the marketing and sale of an asset you don't own. Instead of producing value by yourself, you team up with someone else who has value to offer, then work to find a purchaser. IN exchange for establishing a new relationship between your source and a buyer, you earn a commission or…

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Added by Nick Miller on December 25, 2011 at 12:58pm — No Comments

Living in a Dead Zone

Imagine being one of the first home buyers to purchase a home in a new subdivision where the developer has plans to build out at least 100 homes, only to go broke shortly after your purchase, leaving the neighborhood a virtual wasteland. There are several neighborhoods in my area where this was the case. Maybe 10% of the projected homes were built out, the rest are just vacant, overgrown lots.

Let's say the value of your home was $200,000 when purchased. But that value was largely…

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Added by Nick Miller on December 22, 2011 at 8:44am — No Comments

Basic Principles and Models for any Business......including Real Estate

I am an avid reader and love books on business and history. I have ready a lot of good books, and a lot of bad books. I recently picked up The Personal MBA: Master the Art of Business by Josh Kaufman (I couldn't recall from high school English if I am supposed to italicize, underline or put in quotations the title of a book). I am on page 15 and have already found great value in this book, and can that it is going on my recommended…

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Added by Nick Miller on December 22, 2011 at 8:42am — No Comments

Strategies When Marketing To Homeowners In Pre Foreclosure That Works

Strategies When Marketing To Distressed Homeowners That Works

Posted by Jim Gaddis of preforeclosuredata.net…



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Added by Jim Gaddis on December 20, 2011 at 8:04pm — No Comments

What I Learned About Chase Offers to 3rd Liens in a Redwood City Short Sale

I know a lot of you are going to think I am crazy but I really love short sales. I am sorry that the market is such that there are many people who need to sell their homes short, but that is the current reality. Given that reality there are many things about the short sale process that I enjoy, fewer things that I just tolerate, and even fewer I hate. 

I HATE PRIVATE THIRD LIENS ON SHORT SALES!!!! I can not…

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Added by Marcy Moyer on December 20, 2011 at 7:10pm — No Comments

The White House is "Open for Questions.”

 

Listen in to an event focused on Women’s Entrepreneurship. Please join us online today at 3 p.m. EST. You can watch live at WhiteHouse.gov/live.

This is your opportunity to ask questions on federal policies and programs for women…

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Added by Desiree Patno on December 20, 2011 at 3:41pm — No Comments

Wisconsin November 2011 Housing Statistics

Counties of WI

The Wisconsin housing statistics are now in for November of…

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Added by Michael Collins, CDPE, SFR on December 20, 2011 at 11:02am — No Comments

Some Common Pitfalls When Sending Postcards To Homeowners In Pre Foreclosure

When reaching out to distressed homeowners in pre foreclosure, one popular marketing vehicle is a postcard, because they are cheap to print, cheap to mail, and a postcard doesn’t have to be opened – they stare distressed homeowners in the face. Yet despite the…

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Added by Jim Gaddis on December 19, 2011 at 3:22pm — No Comments

What Can Agents Learn From Diamond Ads?

With the Holiday season upon us, the television is saturated with diamond ads. 

The diamond industry are masterful marketers. Think about it. Who would spend thousands of dollars on a little rock that comes from the earth, and a rock that is actually pretty…

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Added by Jim Gaddis on December 19, 2011 at 3:10pm — No Comments

Get Your San Jose Chase Short Sale Paperwork In Before You Get An Offer

There are several different types of short sales that will approve your price and the seller's eligibility before you get an offer. If you do not qualify for one of those programs (like HAFA or Bank of America co-operative short sales) then you can try to do a traditional short sale.

In most traditional short sales after the seller signs an offer,…

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Added by Marcy Moyer on December 18, 2011 at 8:27pm — No Comments

A Plea For More Silicon Valley Listings in December

It happens every year. Agents tell their sellers that they should wait until after the holidays to put their homes on the market. They say no one is looking during December so don't bother. Translation: Agent wants much needed and deserved time off during the holidays, or seller has a lot of family coming and does not want people traipsing through their home with all of the activity going on.

Other side of the equation: Very busy…

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Added by Marcy Moyer on December 17, 2011 at 8:10pm — No Comments

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