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December 2011 Blog Posts (31)

Can anyone share a list of Secondary Purchasers of Mortgage Investment Funds

Can anyone share a list of Secondary Purchasers of Mortgage Investment Funds like companies similar to Kondaur and Madison Capital Group. Do you have any relationships holders of these notes that you could share with the Group?

Added by David J. Nauman on December 16, 2011 at 2:10pm — 2 Comments

2 Big Challenges in A Menlo Park Short Sale

There are many obstacles and challenges to closing a Mountain View Short Sale, but there are 2 that I find the most challenging to get around.

1. A private 2nd or 3rd lender: These are often more difficult to negotiate than a bank. There are homes where the seller may have taken back a note for a second or third, or where a relative may have invested with a loan thinking that he/he was going to make money or at…

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Added by Marcy Moyer on December 14, 2011 at 6:16pm — No Comments

PLEASE ADVISE, NM real estate laws vs California real estate laws

question? I am a realtor in california, don't know much about New Mexico Real Estate laws "procedures".  Iam not even goingto get into howmuch mywife's grandmother was literraly takenadvatage of byher realtorregarding thesale price of the of the house ($90k less thanlist w/oacounter), but ijust found out that both agents want to meet with her tomorrow morning at her house. to disccuss, I don't know.  Are both agentsallowed legally to meet with the seller at the same…

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Added by Jason Irwin on December 13, 2011 at 10:40pm — No Comments

NRBA Still a Good Way to spend $1,990?

Some of you may have read my "Final Tail Opportunity" blog a few weeks ago, but this is another example of what I am talking about.  I got a call the other day from the NRBA saying that they are finally going to finish processing my application...after about 3 years!!!  So, they did...and they got my references...and, as expected I have now been offered to join this fine organization.  It has always been the premier place for REO Brokers to be designated. It has a long history of brokers who…

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Added by John Wise on December 13, 2011 at 9:19pm — 2 Comments

An Ounce of Humility

 

As a young child, like most children are, I had a tendency to be arrogant, boastful, selfish and ego centric. I don't guess in this respect I was really any different than my peers however, it was only when I became more self aware, more able to analyze myself in a more retrospective fashion that I was able to see these traits and decide to do something about them. In my opinion, all of these traits are the least desirable of my personality and as such, I made a decision to negate…

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Added by Jesus (Jesse) Gonzalez on December 13, 2011 at 11:44am — 1 Comment

Survey says........

I've been doing BPOs for a little while now. I fly through some but others seem to take forever to accomplish. I was wondering from you all what you think the average time it takes to accomplish (from start to finish, pictures to submission) a SFR Exterior and Interior BPO?  I understand that different companies have different forms and reporting procedures, and there are always other items/issues, but just…

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Added by Ed Bohrer on December 12, 2011 at 1:22pm — No Comments

Seriously? You're Still Using Index Cards and Post-it Notes For Lead Followup??

Anyone remember MLS books? I remember when I first got into the business, we had to pay our Board of Realtors for this HUGE ass book that double the size of a telephone book that showed every active listing in our market.  I'm probably aging myself, but this was before the internet and even before computers were a standard staple of any office. Back then, the way we…

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Added by Justin Richards on December 8, 2011 at 8:35pm — 1 Comment

Finding Delinquent Homeowners Before the NOD or Lis Pendens

The vast majority of pre foreclosure data sources compile their information from public records once the Notice of Default (NOD) or Lis Pendens (Latin for "Suit Pending" has been filed by the lender. The challenge in working these lists is that because that data is widely available to anyone that seeks it, there is intense competition among agents, investors, bankruptcy…

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Added by Jim Gaddis on December 7, 2011 at 5:13pm — No Comments

Why a short sale is better than a loan modification

Short Sale VS Loan Modification

One of the hardest things that you might experience is losing your home that you have worked so hard…

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Added by Mike Linkenauger on December 6, 2011 at 1:37pm — No Comments

Fanne Mae direct notification questions

I was wondering how any of you Fannie Mae direct agents were notified you were accepted. I received and email from Fannie Mae Sap sourcing today. It was a notication that I had been invited to an E-sourcing event. I logged onto there website and was instructed and accepted a long two page disclosure form. Now on the website under status it states under phase (open for response) and a due date of 12/19/2011. Just wondering if I should be excited. Any input would be greatly appreciated.

Added by Whitney Browning on December 5, 2011 at 4:36pm — 9 Comments

How well did I do on my 2011 housing predictions?

It's coming up on 2012 and I wanted to take a look at some predictions I had made for 2011 and just how well I did....or didn't do.

In my blog, "More Housing Predictions for 2011 part 2" one of my predictions was, "Lack of substantial job growth"

Well, I would say I was pretty on target for that prediction. I had mentioned that I didn't believe the underlying problems to the economy were going to be addressed and therefore, we couldn't expect a robust recovery, if one at…

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Added by Jesus (Jesse) Gonzalez on December 5, 2011 at 9:55am — No Comments

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