reo: Buyers: What is the R E A L "Effective Date" - a frequently asked question.....for REOs - 11/27/09 07:04 PM
A frequently asked question.... When is the effective date of this REO/bank owned contract?
Sometimes it is not clear to all what the "effective date" is --- Especially when dealing with (foreclosures) -bank owned properties / and more popular Fannie Mae/ Freddie Mac: There can be many reasons for this delay: Fannie … (2 comments)
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reo: How healthy is your drywall? - 11/22/09 03:37 PM
CHINESE/DEFECTIVE DRYWALL
During the time much of the United States was experiencing building material shortages, some homes were built or renovated using defective drywall imported from or manufactured in China. Defective drywall reportedly emits levels of sulfur, methane and/or other volatile organic compounds that cause corrosion of air conditioner and refrigerator … (2 comments)
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reo: Nothing like a good "Quote of the Day" ... that is absolutely the truth! - 11/19/09 10:48 PM
Just a little something to make you THINK and smile...... and it has nothing at all to do with:
Foreclosures,
Short Sales,
REOs,
Bank Owned Properties,
Market Conditions,
Cash for Keys,
Evictions,
Trash outs
Lawn service
Code Enforcers
Tenants,
Rentals,
Listings,
Low ball offers,
Offers of any kind,
Bank Acceptances,
FHA, … (2 comments)
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reo: Buyers: At some point, you should be ready to accept an offer --right?! - 11/19/09 09:11 PM
Now that I am focusing on buyers more, I am finding out some interesting and yet confusing stuff about buyers out there.
When you first meet the buyer they tell you what they are looking for and they sound and seem to have a good idea and have it all listed … (4 comments)
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reo: Bank Owned Properties/REOs: Multiple Pre-Approvals... ~ Buyers you may have to get pre-approved by more than one lender - after all! - 11/06/09 01:08 PM
I've been so busy working on the listing side, I have not been noticing the variety of Agent Confidential remarks that are popping up on the listings these days.
This one is one that is becoming more popular and annoying:
Buyer must be pre-approved with the "seller's sponsored mortgage company" - … (8 comments)
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reo: Bank Owned / REO & Earnest Money ~ new twist! - 11/06/09 01:02 PM
Dear Listing agents:
Can one of you please explain to me why it is necessary to have the buyer bring the earnest money deposit to you PRIOR to placing the offer? Is this a way to tie up the buyer's money, with a strong probility that their offer will not be … (8 comments)
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reo: Illusion/Mirage/Common Sense or Just Talk? - 10/20/09 06:47 AM
Here is some of the buz talk that is still going on and probably will be around for a long while. What do you think? Illusion, Mirage, Common Sense or Just Talk?
Add to the list. ....
Rosemary Brooks, Short Sale / REO Specialist - the Mother and Daughter … (0 comments)
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reo: Flood Gates ... are they open yet? And what's an agent to do? - 06/26/09 06:19 AM
Just a reminder! The word in the air is that it is time.... (June is almost over... July is coming) -----> Banks will be or are already releasing more of the foreclosures that they have in inventory.
Although there is also the possibility that banks will cooperate with the new programs … (61 comments)
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reo: Is it hard to spot a bank owned property in Stockton, CA? - 06/22/09 09:22 AM
I am not trying to be funny with this question! You see an empty house, it has a sign in the window with the agent's name, sometimes there is a real estate sign -- sometimes not. Here in Stockton, CA and most of the larger cities in Northern California - there are … (1 comments)
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reo: 4541 Da Vinci Drive, Stockton CA 95207 - 06/21/09 10:58 AM
Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty … (1 comments)
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reo: Price ‘em low: Pulls in multiple & higher offers..... & it makes Hayward, CA buyers mad about bank owned properties! - 06/19/09 01:31 AM
Is this strategy working? Price property low, pull in multiple and higher offers. Is this a way to see what the buyers are willing and able to purchase? Does competition make buyers more anxious? How long will it take before the buyers see what is going on and hold back to … (14 comments)
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reo: The impact of Waiting/Procrastinating.... or Keep your eyes on the Target? .... Sales Prices vs Interest Rates - 06/10/09 10:41 PM
The market is not balanced right now, but there are a couple of things to keep in mind if you are a buyer that is waiting on yet more of a price decrease. While you may see a small drop in prices for a little longer, keep your eye on the … (1 comments)
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reo: Everybody is doing something to help out these days.... Or should be! - 06/03/09 07:54 AM
This is a true statement. Everybody should be trying to help someone, because you just never know when it could be you that is in a situation.... A similar situation. When you walk the neighborhoods, you can see first hand - people are in a situation that is not just … (3 comments)
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reo: Sitting on Inventory won't "fix-it"? But sitting in your chairs, releasing the flock of foreclosed properties might be a good start.... - 06/01/09 07:57 AM
This is the million or is it billion of dollars - question or ponder! Are the banks sitting on Rock Bottom or is it just Excess Inventory? And what is sitting on inventory doing to help? Will they let the previous buyers buy back their own properties? Will they rent out … (8 comments)
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reo: Tenants should get CASH FOR KEYS for short sales - don't you think? - 05/29/09 05:24 AM
I am trying to figure out how we can get the banks to offer to pay Cash for Keys in the case of a short sale approval. Especially if the occupants to the property is a tenant. In the case where the owner get up side down on their mortgage (which … (4 comments)
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reo: Yes ,your Sofa may be comfy but .... there goes the neighborhood! - 05/26/09 10:24 PM
While doing my walk today, I saw something that I just can't get out of my mind. I saw a couch in the front yard and yes the family was out there sitting on it! It is not one of those -- I just happen to walk by and see, … (0 comments)
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reo: Why do banks prefer FORECLOSURE rather than Short Sales? Is it all about the bank! - 05/26/09 09:58 PM
Does the banks have a good reason for denying short sale requests and just going on with the foreclosure? If yes, why don't they just tell the borrower and agent that there is no way they will take a short sale on the property. Even if they do not give the … (10 comments)
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reo: A stroll through the neighborhood is not what it used to be! - 05/26/09 04:29 AM
What it used to be in taking a nice walk through the neighborhood and what you now is just not the same ! The neighborhood used to be a full and lively community with all the homes occupied. It used to be hard for people looking to purchase or rent a property --because they … (2 comments)
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reo: How do you know when the chicken is done? - 05/24/09 11:31 AM
Somehow I am going to try to relate this to real estate!! But first to answer the chicken question. Since it Memorial Day holiday weekend... make sure when you cook the chicken you make sure it is done. There is nothing more dangerous to you than chicken that is not completely … (16 comments)
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reo: Fire the babysitter.... and move on - 05/24/09 03:14 AM
A page from the diary of an agent: Fire the babysitter and move on!
As an agent, I work at being a team player, which includes sharing with other team members what I know to help me do a good job. In turn, I listen to what others have to … (0 comments)
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