Ray Wright's Blog – January 2010 Archive (4)

Loan Modification Scams

Just a quick note to make aware some who may not be in the know. There is a television marketing campaign for loan modifications that is currently being shown nationwide. It touts interest rates as low as 1% and offers homeowners help with loan modifications. The extremely fine print at the end of the commercial states the truth but it is only on the screen for a brief moment before disappearing. The truth is that the commercial is for a 3rd party referral service that takes an upfront fee and… Continue

Added by Ray Wright on January 29, 2010 at 3:18pm — No Comments

BPOs for loan Modifications and Short Sales need Agent Involvement! PART 2

This is just a follow up to my recent blog from a day or so ago.



I had mentioned in my previous blog the Temecula BPO where the occupant did not have keys to the four children's bedrooms upstairs. I contacted the agent and she rescheduled an appointment for me again this morning at 9:00 a.m. All I needed were the 4 pictures since I had already taken all the other necessary pics previously.



Well, i arrived right on time. knocked on the door, rang the door bell and no on… Continue

Added by Ray Wright on January 28, 2010 at 6:33pm — 1 Comment

Buyers & Buyer/Broker Agreements!

Well, I lost buyers today and I figured I'd vent here to all of you.



There's been times when I've stopped working with a buyer before. Sometimes I fire them and sometimes I refer them to someone else, depending upon certain factors. But today, I just lost em.



We've been working together for about 5 months and I've shown them quite a few homes in several areas. I've held their hand, helped them secure financing, explained the options and used my expertise to educate them in… Continue

Added by Ray Wright on January 27, 2010 at 1:00pm — 1 Comment

BPOs for loan Modifications and Short Sales need Agent Involvement!

When listing a Short Sale one of the most important things during the process is the BPO (Broker Price Opinion). For those of you not familiar with these it is somewhat of a mini appraisal done by a Realtor to help advise the bank of the market value during a loan modification or short sale. It is important for the listing agent to meet the BPO agent to assist in providing detailed info about the property and it's value. You never know what the experience level of the BPO agent is. They might… Continue

Added by Ray Wright on January 26, 2010 at 4:00am — No Comments

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************