September 2011 Blog Posts (30)

Seattle's top short sale agents have their license revoked

http://seattletimes.nwsource.com/html/businesstechnology/2016343864_hellickson29.html#.ToPn46qMLuU.pingfm

 

They were punished for deceptive practices and unfair advertising.  Truth be told, they probably said nothing more than what the average agent tells their sellers, things like promising move out money, confusing deficiency with tax liability, poor…

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Added by Joseph C. Alfe on September 29, 2011 at 8:30am — 10 Comments

low inventory of homes in Sacramento county

The number of homes for sale in Sacramento has dropped every month since January 2011. The inventory of homes available in Sacramento county is 4073 homes. We had an inventory of 5367 homes back in January 2011. I am getting many more calls from investor buyers on homes less than 100k. I think these investors like the homes under 100k because they usually can rent for $1000.0 to $1100.0 per month. Now that we have record low interest rates and a lower supply of homes for…

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Added by Gordon Cuffe on September 28, 2011 at 5:06pm — No Comments

HSBC Short Sale Approval 3 Weeks Charlotte, NC

 

Banks are getting their systems in place a little bit more with short sales.  Just received a short sale approval on a listing I have in Charlotte in 3 weeks.  Approval released home owner from all deficiences and all complete within 3 weeks of submitting an offer.   This was an owner occupant short sale.  Every time I called in,  everyone at HSBC that I spoke with seemed to know what was going on!!  Those of us that help home owners through short sales can find our selves beating…

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Added by Justin Sciranko on September 27, 2011 at 11:51pm — 1 Comment

Milpitas Ca. Short Sale vs Bank Owned Transactions

Milpitas Single Family homes

Active Short Sale Listings:  23

Active Bank Owned Homes: 9

Pending Short Sale Homes: 49

Pending Bank Owned Homes: 11

Sold Short Sale Homes: Last 6 months 23

Sold Bank Owned Homes: 19

 

Milpitas Condo Townhomes

Active Short Sale Listings: 12

Active Bank Owned Condos:  4

Pending Short Sale Condos / Townhomes: 43

Pending Bank Owned Condos/Townhomes: 4

Sold Short Sale…

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Added by Marcy Moyer on September 27, 2011 at 2:45pm — No Comments

Why It is a Good Idea to Choose a Realtor®

Why It is a Good Idea to Choose a Realtor®



While there are a lot of licensed real estate agents in most locations, the industry is quite tough.  A large number of people who apply for their license end up leaving the industry in a short time.  This means that there is a small number of Realtors® with licenses who have the experience and knowledge to truly help a person buy a home.
…

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Added by Michael Collins, CDPE, SFR, BPOR on September 27, 2011 at 2:00pm — No Comments

Fannie Mae Help Desk

Has anyone had any success with the Fannie Mae Help Desk?

I have a short sale that Green Tree is servicing and  Fannie Mae is comparing the seller's home, that is falling apart, with a newly remodeled one 2 houses over and is insisting that the house is worth 100k which is what the new one sold for. Even the BPO and the CMA I sent them is in line with the contract price and yet they still want minimum 90k for a property that is really worth 65k.  What was interesting is that the…

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Added by Irene Medina on September 25, 2011 at 10:00am — 9 Comments

Short Sale Lead Generation

Ok my Fellow Realtors...I understand if you don't want to share your success secrets with short sale lead generation but one area is puzzling me and would love to hear feedback :))

I am still trying to break into the short sale business.  I got my SFR and CDPE, have all the knowledge and confidence in the area, but having an issue with my marketing area.

I believed that marketing to distressed sellers with a notice of sale on their property, would be such a helpful tool to…

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Added by Lina Sarkissians on September 22, 2011 at 1:35pm — 11 Comments

India's Richest Man Builds 1.8 BILLION Dollar Home!









India's richest man billionaire Mukesh Ambani is building a home that is close to 1 Billion Dollars. It is 27 stories high, has 3 helipads, 600 wait staff, and a garage fits 160 cars.  Other reports show the actual cost is over 1.8 BILLION… Continue

Added by Mike Linkenauger on September 22, 2011 at 12:00pm — 2 Comments

Stroking Miami's Ego

Foreign buyers lifting U.S. home sales

 

Foreign buyers are helping to stoke home sales in U.S.…

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Added by Nadia K. Ismael on September 21, 2011 at 10:30pm — No Comments

Miami: The Place to Be

American Hotspots According to Non-Americans

Are international house hunters looking for a piece of the American Dream in your city? Most likely if you live in the Sunshine State.America is often called the land of opportunity, but these days, it might be more accurate…

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Added by Nadia K. Ismael on September 21, 2011 at 10:30pm — No Comments

Choosing your location to live for a profit!

Just on computer trying to decide where I can be most effective - Realtors, Small Business Owners with people who need to make a timely change for survial and profit.

It has been said the 3 most important things in Real Estate is location, location, and location. Under neath all is land, whether it be your home, or business.

Nothing remains the same whether it be in good times or bad times. However, you are the only one who can assess the situation, and influence the…

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Added by Ron Harmon on September 21, 2011 at 8:30pm — No Comments

Majestic Properties now Certified HAFA Specialists

Just completed the certification for HAFA specialist....found it very informing and great for building upon the CDPE course.

Added by Bart Tipton on September 21, 2011 at 7:11pm — 3 Comments

Ratios for BofA loan mod

loan mod would be for B of A...FHA loan...it looks like the borrowers housing dti is below the normal 31% mark but her total dti is at a breakeven with her bills..she is trying to figure out if the loan mod process is a waste of time.

Added by Lisa Johnson on September 21, 2011 at 6:12pm — No Comments

Mortgage Insurance Rate Could Rise

U.S. mortgage finance head: Shift risk from Treasury

RALEIGH, N.C. – Sept. 20, 2011 – Government-controlled mortgage buyers Fannie Mae and Freddie Mac may reduce taxpayer risk by requiring more mortgage insurance from borrowers and charging lenders higher fees, steps that could increase borrowing costs, the head of their government caretaker agency said Monday.



Reshaping the mortgage giants three years after the federal government took them…

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Added by Nadia K. Ismael on September 20, 2011 at 11:30pm — No Comments

Mobile Phone Security is an Issue

Mobile security for protecting devices gains steam

SEATTLE – Sept. 20, 2011 – Tech firms are ramping up offerings for businesses and consumers on mobile security, responding to the growing threat from hackers and viruses hitting mobile devices.



Mobile devices are “uniquely more sensitive than PCs,” because “the device is with you all the time,” says Tarek Alawdeen with Trend Micro.



And the mobile threat is not about just about…

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Added by Nadia K. Ismael on September 20, 2011 at 11:19pm — No Comments

Facebook Make-Over? Again??

Facebook plans huge makeover

SEATTLE – Sept. 20, 2011 – Facebook is turning up the volume – in a big way – in its high-pitched battle with Google+.



The social-networking giant is undergoing a massive site makeover that brings music services and mobile advances along with some big steps in next-generation video sharing. The features are expected to be unveiled by Facebook on Thursday at its F8 developers conference, USA TODAY has…

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Added by Nadia K. Ismael on September 20, 2011 at 10:52pm — No Comments

Michael Collins Completes Short Sales & Foreclosures Course – Receives SFR Designation

Michael Collins has just returned from Madison, WI where he completed a highly specialized course in Short Sales and Foreclosures conducted by the Council of Residential Specialists of the NATIONAL ASSOCIATION OF REALTORS®.

FOR IMMEDIATE RELEASE

 

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Added by Michael Collins, CDPE, SFR, BPOR on September 20, 2011 at 10:26am — No Comments

Michael Collins Completes Prestigious RSD Designation to Specialize in Bank Owned Homes


Michael Collins in Janesville WI, has earned the prestigious Harris Real Estate University Certified Real Estate Owned Specialist Designation (RSD), having completed extensive training in the techniques necessary to secure, negotiate and sell (REOs).

 FOR…

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Added by Michael Collins, CDPE, SFR, BPOR on September 20, 2011 at 10:00am — 1 Comment

Dear Colleagues...

Dear Colleagues,

I'm glad that there is  such blog or forum to assist real estate agents, share individual experiences and most of all help one another to make our country strong and get it back as it was back in mid 90's traditionally.

Real Estate is one of the country strongest business in the world not only in the US but across the nation.

Real Estate industry has a large affect to our economy. Real estate and mortgage profession must work together and help our…

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Added by Paul Alvarez on September 19, 2011 at 9:55pm — No Comments

Sarasota real estate market trending toward normalcy

A steady drop in property inventory for sale, combined with a stable sales demand in the Sarasota real estate market, is pointing toward normal, healthy property appreciation in the coming months.



An analysis of sales, prices and inventory figures reflects a market in recovery, led by a declining pool of available properties on the market. The inventory of available properties for sale has been dropping for the past nine months, and hit another decade-low figure of 4,408 in August… Continue

Added by Ed Martinez,CDPE, SFR, CHS, REOS on September 19, 2011 at 2:00pm — No Comments

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