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reo: SCIENCE 101 FOR REALTORS- CLASS IS IN SESSION - 09/22/10 12:52 PM
Today's  lesson- Rust, or in the case of real estate, rusty pipes.
Rust is scientifically called oxidation, which occurs when oxygen comes in long-term contact with certain metals. Over time, the oxygen combines with the metal at an atomic level, forming a new compound called an oxide and weakening the bonds of the metal itself. If the base metal is iron or steel, the resulting rust is properly called iron oxide. Rusted aluminum would be called aluminum oxide, copper forms copper oxide and so on.
The main catalyst for the rusting process is dihydrogen oxide, (Formed from an extremely energetic chemical … (4 comments)

reo: Detroit sets out to be nations frontrunner in giving more rights to occupants in foreclosures with ROOF program. - 12/02/09 01:50 PM
Detroit is aiming to be the nations frontrunner in a program that will entitle tenants to live for free or drastically reduced rental rates in foreclosed properties. The program is called ROOF (Retaining Occupancy on Foreclosure). Their mission is to minimize the displacement of former homeowners and tenants and fight off the vacant home crises.  
The developers of ROOF claim that because credit is so tight right now, the sales of REO is problematic and has resulted in the population relocating and neighborhoods destabilizing. They believe that the ROOF program will maintain the integirty of the houses and support a … (5 comments)

reo: Why we are about to bottleneck BIG TIME! - 11/03/09 01:05 PM
Have you heard that foreclosures are on the rise? Ummm, duh?? Unless you have been hiding under a rock on Mars, of course you know this. But what you might not know is why we are about to hit a HUGE bottleneck traffic jam within the next year unlike we have EVER seen... and  it might not be for the reasons you think.
THE ANALOGY: In this market selling an REO home is like racing in NASCAR.
THE GOAL: Sell as a fast as possible in the most efficient manner, beat out the rest of the competition, and move onto the … (3 comments)

reo: "We Just Open Doors!" Really? - 10/15/09 03:29 PM
I was talking to a Realtor friend about a recent job we did on a balcony deck at a property.  The house was in escrow and the termite report came back with section1 wood rot. The bank called out a contractor to bid the repair. The realtor suggested us for a second bid. When inspecting the deck we noticed that bondo was applied on the deck to “repair” previous damage. We checked the records and exactly one year ago the house was sold and the repair was made likely to cure a section1 item. Why bondo? It's cheaper than replacing the … (2 comments)

reo: PSYCHO "SHOWER SCENE" IN REO's STRIKES TERROR IN AGENTS AND HOMEOWNERS - 09/22/09 04:44 PM

ATTENTION: A well-disguised and silent assassin is lurking in every vacant home causing agents and homeowners to scream in terror, hoping they will not be the next targets of the vicious crime. The crime scene is nearly always in or around a bathroom, however, the failure to detect this assassin has left agents and homeowners bewildered and confused. Victims are attacked when they least expect it. Routines activities such as turning on water and flushing a toilet seem to trigger the criminal, almost as if giving a cue to begin the destruction. It is apparent that the violent acts always … (2 comments)

reo: The Infidelity Mattress Test: revealing a shameful story in REO's. - 09/09/09 03:42 PM

We have all seen the test on CSI. The blacklight comes out and scans the bed. “DNA” is discovered and we later find out the victim was a part of a scandalous affair. The mattress held the secret and revealed the story.
The same is true in the REO business, the mattress tells the story.

Please look carefully at the photo of a property we serviced last week and notice the piles of mattresses. Did the previous owners really have that many mattresses? What is the truth? The truth is that these very likely did not belong to the previous … (15 comments)

reo: Where can you find FIVE MILLION GALLONS OF TOXIC CHEMICALS? Look next door... - 09/05/09 07:26 PM

A little update to the household “Toxic Legacy” mess:  There are over 5,000,000 gallons...I'll spell this out; five -million -gallons -of household toxic chemicals dumped every month from foreclosures in the US. 70% of that is household paint and paint products. Most are picked up by trash-out companies hired by Real Estate Agents who unknowingly hire companies that illegally dump the paint and chemicals wherever it can be done without being caught.IT IS ILLEGAL TO DUMP PAINT AND HOUSEHOLD CHEMICALS IN OUR LANDFILLS.
 
So..where does it go? Into the landfill anyway, hidden in large debris or just dumped in vacant lotsand ....You'll love this one. OTHER VACANT FORECLOSED PROPERTIES. That’s the … (3 comments)

reo: Realtors...Don't get your "assets" caught in a sling! - 06/01/09 09:35 PM
If you are representing a seller, buyer, managing an REO, or are the employing broker in a Real Estate transaction; if you or your employee hires an unlicensed contractor to perform repairs on a property that the California State Contractors Board  specifically states must be performed by a licensed contractor, you could be held liable for up four years after the completion of the sale for any fines, fees, penalties or liabilities resulting from the illegal practice or from damages due to neglect, gross negligence or misconduct from the hiring or performance of that "unlicensed contractor".  
You want to sleep … (0 comments)

 
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Jerry Bronstrup

Los Angeles, CA

More about me…

Bristol Builders, Inc. Your FHA Expert 866-775-8169

Address: 25020 Avenue Stanford, Unit 110, Santa Clarita, CA, 91355

Office Phone: (661) 294-1812 x 20

Cell Phone: (661) 816-6949

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