Hi Members,
Christian Broadwell of Realty Pilot has reviewed our coverage for the asset companies and we have a good start. The coverage we are missing are as follows:
Arkansas, Colorado Denver area, Delaware, Hawaii, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan Detroit area, Mississippi, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, Pennsylvania, South Dakota, South Carolina, Tennessee, Utah, Vermont, Wyoming
We have 56% of the country covered for the asset companies bu…
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Added by Jesus (Jesse) Gonzalez on December 6, 2009 at 3:06pm —
19 Comments
Ok, first off….I am not going to share this agents information with you. If he wants to speak up…he can. In other words, don’t ask….lol.
I just got an email from Christian Broadwell with Realty Pilot alerting me to the fact that one of our members got a BPO and in return the REO. Now, so that we are clear, this isn’t a “REOPro” assignment so much it was a bank who has been using the Realty Pilot for some time and noticed their coverage is growing…ie, REOPro members and happened to release a BPO…
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Added by Jesus (Jesse) Gonzalez on December 2, 2009 at 12:26pm —
19 Comments
Quote: “This Supplemental Directive provides guidance to servicers for adoption and implementation of the Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of HAMP and provides financial incentives to servicers and borrowers who utilize a short sale or a deed-in-lieu to avoid a foreclosure on an eligible loan under HAMP.”
November 30, 2009 the Obama White House released their “Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosu…
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Added by Jesus (Jesse) Gonzalez on December 2, 2009 at 10:22am —
12 Comments
One of the biggest changes our industry has seen, is the level of competition for listings has exploded exponentially. This increased level of competition for listings has created a nightmare situation for tenured default agents. Many of these agents had a fairly high level of job security and took their 100 + listing inventory for granted. These tenured agents could set back and rest assured that they had locked down their area and never had to worry about some rookie agent coming in and steali…
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Added by Jesus (Jesse) Gonzalez on December 1, 2009 at 1:55pm —
14 Comments
Different conferences however, the same ole story, huh?
We all know sex sells and it was brought to my attention, that fact is no different at our industry conferences. At a recent conference, I had heard rumors, yes…rumors that some people come to these conferences in order to obtain new business by using their “ASSETS”, if you know what I mean?
As pure as driven snow, I was completely naïve to this phenomenon and couldn’t or just wouldn’t believe that some of the professionals I was meeting…
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Added by Jesus (Jesse) Gonzalez on October 19, 2009 at 1:22pm —
15 Comments
I just received a mass email from America Buys Foreclosures as part of their regular newsletter. Just so you know, I never asked to be on their mailing list.....at least I don't think I did but, either way.
In the headline of this blog, is the actual quote signed by their CEO Janisse Dale. Just in case you didn't get the mass email, here it is, in its entirety....
our staff has been working tirelessly in securing the bank contracts. The fact that it has taken ABF a longer than expected peri…
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Added by Jesus (Jesse) Gonzalez on October 8, 2009 at 9:19am —
17 Comments
For many Agents, paying to get listings seems the only way to get their foot in the door. I understand why they do it and, admit…..I was one of those agents to.
As you read this blog, understand that I am jaded, burned and completely angry about this business model, as described above and, for those of you doing this to agents…..well….just wait and see. (Insert evil, diabolical, angry, bone chilling laugh here)
I really can’t remember who said this to me or where I read it but, it has complete…
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Added by Jesus (Jesse) Gonzalez on October 2, 2009 at 8:30am —
10 Comments
Ok, so....I have been hearing from some friends...Skype THIS, Skype THAT and, honestly....I really didn't care but, I had to recently use Skype for a video conference call and BAM! I was astonished, it was the coolest, craziest, most incredible thing I have done in a long time.
I was amazed at how I could, over my lap top, see my friend talking to me. Now, I don't have a camera set up on my lap top....yet but, I will soon because it was just to darn cool!
Some of the great features of skype ar…
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Added by Jesus (Jesse) Gonzalez on October 1, 2009 at 9:17am —
9 Comments
Ok, I announced that I was needing everyone to come on and update thier profile information, specifically zip code and the network exploded. Thats great but, my problem is that most of the people who came on to update thier profiles I had never seen before. In other words, I had no clue who they were. Granted, I am not going to know each and every single member, considering we have 2800+ members however, I would think that at least I should be able to recognize you from your picture because I se…
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Added by Jesus (Jesse) Gonzalez on September 30, 2009 at 3:11pm —
13 Comments
Are you blogging........why not?
Don't have time, don't know how or just don't see how it will help your business, well..........that is all about to change!
I have an incredible! INCREDIBLE! oppurtunity coming and it will only be offered on a beta basis to those who are active bloggers on this site. Once it's out of beta testing, it will then only be approved for those that are active on this site. My point is, I am using your blogs as your resume so, if you don't have a resume, you won't be…
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Added by Jesus (Jesse) Gonzalez on September 25, 2009 at 10:26am —
12 Comments
Let start off by telling you that before I decided to go to 5 Star, I was apprehensive about the conference because, I really didn't want to leave my business here in Nashville. Not to mention, the cost was going to be extreme when you calculate, $900.00 for the conference ticket, $350.00 for 3 night hotel stay....and that can vary depending on where you stay, along with at least $200.00 in air fare, $200.00 in rental car, $150.00 in food and drink as well as about 200.00 in entertainment (parti…
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Added by Jesus (Jesse) Gonzalez on September 25, 2009 at 9:11am —
10 Comments
I am going to share with you the secret to your REO success. No matter if you are wanting to be a REO Realtor or a REO Property Clean Out Crew....the secret is the same for each of us.
Before I tell you the secret however, I need to share a little story with you, indulge me...if you don't mind.
At age 15, my family moved from our home in Dallas Texas to a small town, Hendersonville, TN. To give you some idea of just how big the change was, the high school I left in Dallas, graduated approximat…
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Added by Jesus (Jesse) Gonzalez on September 8, 2009 at 5:30pm —
9 Comments
First off, let’s make sure we all agree on what a Communist is, in reference to the topic of Default Residential Real Estate only.
Communism is egalitarian or has a political doctrine based on the idea that all people are equal and have all the same rights or in other words, believes that all economic inequalities should be removed from society.
Now, understand that I do a lot of default counseling. I see 3-5 people a week, on average that are in some sort of default with their home. Here late…
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Added by Jesus (Jesse) Gonzalez on August 29, 2009 at 9:00pm —
10 Comments
For many Asset Managers, agents calling with their problems rather than with their resolutions are some of the biggest headaches they get.
Now, granted, someone might argue that the problem can only be rectified by the AM and in those few and far between issues, ok…I get it however, it’s important to note than many agents just don’t take it upon themselves to solve problems.
Ok, I am not going to take the typical approach to this issue that you are accustomed to reading or hearing about. I am…
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Added by Jesus (Jesse) Gonzalez on August 18, 2009 at 3:38pm —
10 Comments
Many times before, I have written on the importance of blogging and, I am not sure I have made that big of an impact however, let me share with you a recent chance encounter that lead to business for me.
As many of you know, I am a huge blogger, I love it so, to get me to do it, isn’t that hard and after I tell you what happened recently, I hope you to see blogging in a different light.
Too make a long story short, I got directly contacted by an AM who googled me after reading my blog here on…
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Added by Jesus (Jesse) Gonzalez on August 18, 2009 at 9:55am —
7 Comments
Ok, I am about to vent so, if you don’t want to hear an angry rant about how I feel, it’s best you stop reading now and move on!
I have this short sale, since January and it’s in poor condition. For example, pipe burst in ceiling, sever mold, exposed sub-flooring through 75% of home, torn wall paper, huge holes in walls, missing fixtures, standing water in crawl space, etc….get the idea? It’s in poor condition and my contractor estimated 30k ($30,000.00) in repairs to make it livable!
Since it…
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Added by Jesus (Jesse) Gonzalez on August 17, 2009 at 1:41pm —
10 Comments
It has recently come to my attention that a friend of mine in another state is being sued by a Seller he represented in a Short Sale transaction because he didn’t disclose the fact that the homeowner was selling short in a recourse state and could potentially be sued herself for a deficiency judgment. Needless to say, the seller was issued a deficiency judgment by the court in the amount of $48,000.00.
The seller ended up filing bankruptcy to rid themselves of the judgment but, bankruptcy was s…
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Added by Jesus (Jesse) Gonzalez on August 2, 2009 at 2:47pm —
15 Comments
It’s raining foreclosures, in these cities.
In a recent article July 30, 2009, Foreclosures: How Bad is your City?, Les Christie with CNNMoney list out the top 20 ranked cities where foreclosures abound. He quotes his source, RealtyTrac and here is their findings.
Ranked # 1 is Seattle with 1 in 107 however, that’s up from the first half of 2008 by 72%
Ranked # 2 is Minneapolis 1 in 90 up 58.6%
Ranked # 3 is Phoenix 1 in 22 up 51.7%
Ranked # 4 is Miami 1 in 28 up 40.9%
Ranked # 5 is Tampa 1 in…
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Added by Jesus (Jesse) Gonzalez on August 2, 2009 at 2:35pm —
6 Comments
So, I was looking around the web the other day and came across some REO training programs, of which I will not name however, after reading their pitch I realized they were puffing like a pit viper in a ring with a charging bull. In other words, they were doing some serious puffing.
I read claims like, “we are recognized as the Gold standard by Asset Managers” or “we are standardizing the default industry” and many others. To the unlearned mind, these claims would make one think this company was…
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Added by Jesus (Jesse) Gonzalez on July 4, 2009 at 8:51am —
4 Comments
Have you heard of HVCC? Well, if you haven’t, where have you been?
HVCC is the Home Valuation Code of Conduct. It went into effect May 1, 2009. Many have their opinions on the effect HVCC will have on our industry and I haven’t learned enough about it at this time to form a valuable opinion however, check out the link to Freddie Mac’s page about it and decide for yourself.
http://www.freddiemac.com/singlefamily/home_valuation.html
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Added by Jesus (Jesse) Gonzalez on June 29, 2009 at 2:55pm —
3 Comments
