September 2013 Blog Posts (20)

NEWSLETTER: Limited Agency Changes for FHA HUD Short Sales

 

Good morning Superstars.

 

Here's a sampling of this week's Superstar discussions.

 …

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Added by Bryant Tutas on September 29, 2013 at 2:33am — No Comments

Bad BPO agents= High numbers

I have this one company/ BPO agent that consistently has extremely high BPOs and is messing up all my deals. Do you have this problem? What do you do about it?

If not, what have you done to avoid this? What advice do you have for me to combat them doing my BPOs?

Thanks

Added by Tom Tock on September 27, 2013 at 12:22pm — 1 Comment

LAW CHANGE - TENANTS IN FORECLOSURE CAN STAY THE FULL TERM

The Protecting Tenants at Foreclosure Act of 2009 clearly stated that any lease entered into AFTER the notice of foreclosure did not have the protection of the Act to allow the full lease term to run.  But the Dodd-Frank Wall Street Reform and…

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Added by Richard Zaretsky on September 24, 2013 at 5:30am — No Comments

COUNTER from SunTrust Mortgage ...

SunTrust Mortgage countered with 450,000 to my offer of 310,000 which was 5,000 above list price. I informed them that I had one other offer when the listing was 360,000 for 275,000 when the home was in good condition! I dropped the price to 305,000 after really no inquires. They have not received payment for over 4 1/2 years. Owners moved 5 months ago. Property has not been maintained. Buyer submitted offer in early January! It has been over 9 months!! Has anyone been successful in getting…

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Added by SamRoberts on September 23, 2013 at 7:00am — No Comments

Are homes values still on the rise ? Volatile Housing Market Ahead ?

Are homes values still on the rise ? Volatile Housing Market Ahead ?

A recent report by REDFIN RESEARCH showed that “In August, 26.4 percent of active listings had their prices lowered, the highest in four years” is this a sign of the housing market slowing if not reversing? Daily I see Buyer interest as still strong…

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Added by ericgreid on September 18, 2013 at 10:31am — No Comments

Introducing Eric Engels, Janesville WI Realtor®, Real Estate Agent

We would like to introduce you to our home buyer specialist, Eric Engels, Realtor® | Real Estate Agent serving the Janesville, Wisconsin area!

"Hello Rock County! I am very happy to have joined the Rock Realty team. I have been a resident of Janesville for over 13 years. I lived in the Quad Cites before that living in both Illinois and Iowa. In 2006 I had the chance…

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Added by Michael Collins, CDPE, SFR on September 17, 2013 at 8:12am — No Comments

Short Sale Real Estate Agents in Dunkirk, Wisconsin

Short Sale Real Estate Agents in Dunkirk, WI 53589 




Are you looking for a Dunkirk Wisconsin Short Sale Realtor® or real…
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Added by Michael Collins, CDPE, SFR on September 16, 2013 at 6:34am — No Comments

An Open Letter to HUD OIG David A. Montoya RE ML 2013-23

Call to Action! Mustering the Troops!  Read this article http://www.airforcehomebuyer.info/articles/HUD_ML_2013-23_LetterToTheOIG.htm then send an eMail, THIS WEEKEND, to HUD OIG General David A Montoya at [email protected]   

You can down load “An Open Letter To HUD Inspector (WORD FORMAT) at this link…

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Added by Lori & G-II Klindera/Varrato I on September 15, 2013 at 2:59pm — 4 Comments

NEWSLETTER: Fannie Mae Hires an Officer It Alleges Defrauded It -- and Finance Cheers

 

Good morning Superstars,

 

Here's a sampling of this week's Superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on September 15, 2013 at 5:00am — No Comments

South Carolina Real Estate Commission

The South Carolina Real Estate Commission will decide next week if an Agent and/Owner Homeowner can market a property (aka their own home) as a Short Sale prior to the Bank providing a blessing. I and my Listing are the test case.

Added by Kevin - Greenville, SC on September 12, 2013 at 4:38pm — 1 Comment

Home Features That Draw the Highest Price

Best home features to draw the highest sale price.

photo credit: Jeremy Levine Design via photopin cc

photo credit: Jeremy Levine Design via photopin …

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Added by Michael Collins, CDPE, SFR on September 12, 2013 at 8:37am — No Comments

Picking the Right Neighborhood for Flipping a Home

Which type of neighborhood is best for flipping homes?

photo credit: Martin LaBar (going on hiatus) via photopin …
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Added by Michael Collins, CDPE, SFR on September 11, 2013 at 8:15am — No Comments

Accurately Estimating Repairs for a Potential Home Flip

Estimating house repairs accurately for an investment/flip.

photo credit: Nebojsa Mladjenovic via photopin cc
photo credit: Nebojsa Mladjenovic via photopin …
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Added by Michael Collins, CDPE, SFR on September 10, 2013 at 7:25am — No Comments

Wells Fargo Shortsale 92% net

$868,000.00 offer on table.$900K distressed value.You would think it would be a slam dunk.Please advise.

Added by Jeffrey Harrington on September 9, 2013 at 10:32am — No Comments

Top Mistakes Rookies Make in Home Flipping

Rookie mistakes when flipping a home.

photo credit: Jeremy Levine Design via photopin cc
photo credit: Jeremy Levine Design via photopin …
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Added by Michael Collins, CDPE, SFR on September 9, 2013 at 8:09am — No Comments

NEWSLETTER: The Short Sale Lender Reduced My Commission!! What now?

 

Good morning Superstars,

 

Here's a sampling of this weeks Superstar discussions.

Discussions Replies Latest…
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Added by Bryant Tutas on September 8, 2013 at 3:00am — No Comments

We cannot overstate how hard Mike worked on our behalf

Rock Realty Client Testimonials



"We found Mike online, and, due to positive reviews, phoned him with a request to view houses in the Madison area. We gave Mike no more than one or two days notice, but he was happy to devote the whole of his weekend to us. Our entire house-hunting experience proceeded in similar fashion. We were hunting for houses long distance, so we would wait until an opportunity to travel to Madison presented itself, phone Mike,…

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Added by Michael Collins, CDPE, SFR on September 5, 2013 at 6:56am — No Comments

HAFA, seller renting back from buyer

Situation: Wells Fargo is servicer, not sure who investor is, but not fannie or Freddie and according to wells, the investor participates in HAFA.  Seller would like to rent the house back from the investor who is buying the house, maybe for 2-3 months while they find housing.  Is this allowed or does anyone know if verbiage in wells' short sale affidavit preventing such?

Added by Tony and Robin Pickett on September 4, 2013 at 8:36am — 2 Comments

2 title issues: NON Filled Consolidation and 1st with citi (approved to close) and second with citi on title ?????

it seems that with the craze to refinance in 2005-6-7 the lack of procedure has gone out the window. I have no CLEAR TITLE due to consolidation paperwork not filed.

ANY SUGGESTIONS? I have two approved short sales (one with citi the other with BoA) that cant close because of title.

Added by Sabrina Teplin on September 4, 2013 at 8:21am — No Comments

You Are A Good RE Agent, So...Know When to Step Aside and let a Short Sale Agent Handle It!

My fellow Short Sale Superstars how many times can you shake your head? 5 and even 10 Short Sales(COMPLETED) Doesn't make you an Expert... agents are playing with someones biggest investment...and biggest loss; agents should know what you are doing when they take on a short sale, PERIOD...So again I hear the tale of a listing lost to a Very Good Agent...who sucked at short sales....by the time the potential client realized it...it was too late to re-list and get it…

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Added by Melissa Polce on September 3, 2013 at 1:30pm — 2 Comments

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