Craig Barry's Blog – April 2010 Archive (3)

The Political Side of Short Sales-Political Action Committee for the Investor/Buyer Market Makers

The NAR has been an effective political action lobbyist for many years. It seems it is time for the investor/ buyer community to unit and create a community to retain and support lobbyist of our own so our voices are heard in State and Federal lobby forums to communicate and protect our interest as a key component to the economic recovery and survival of the real estate market in the United States.…

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Added by Craig Barry on April 28, 2010 at 5:38am — 1 Comment

Lender Settlement Percentage Benchmarks

BAC has generally settled around 90-92% of BPO value. This issue is their BPO value is always 10-15% higher then true fair market value and doesn't normally reflect true distressed or settlement value which as an investor/buyer we need to see. Keep in mind this is based on loans in the NJ Market where we have been successful obtaining approvals on short sale deals. We have also attempted to re-cert value and perform desktop reviews and this has had little impact with changing BPO value. The… Continue

Added by Craig Barry on April 28, 2010 at 5:09am — No Comments

Realtors Wanted for Expanding Short Sale Reatly Office Northern NJ- Bergen County

My Collegue at Concord Realty Group in RIver Edge, NJ is looking for licensed agents to join her firm to focus on current opportunities in Bergen County, NJ. If any community members have friends considering a change to make a move to a more Short Sale Condusive Environment please contact us.

We are looking for candiates with Strong Real Estate and Short Sale Experience interested in joining a professionally positioned short sale firm in Northern NJ TODAY. Please contact me…

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Added by Craig Barry on April 27, 2010 at 6:46am — No Comments

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