reo: 3261 Ripplerock Lane, Stockton, CA 95206 - 07/17/08 06:36 AM
Not just another Weston Ranch home! This is a very nice 2-story Weston Ranch Home for Sale! This is a must see.
$181,900 Bank Owned Property. This one won't last!
Great place to call home! This is a 2-story open living room; with 4bd/3.5ba; 2-car garage, 2147 sq ft/lot: … (6 comments)
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reo: Short Sale BPOs are not necessarily made equally! - 07/17/08 05:24 AM
Ever been in Short Sale negotiations and had the lender say that their BPO came in higher than what your comps/report on the property is showing? Ever had them question your current list price? Here are few tips to consider when you are preparing your Short Sale request package to submit … (4 comments)
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reo: Foreclosure crisis is running wide in Lathrop (West)! - 07/14/08 04:31 AM
What is going on in Lathrop, CA? Although the City of Lathop has been around a long time - the newer homes on the west side of Lathrop have not. I took a drive through the community and it was not a pretty sight. The foreclosure crisis has hit there pretty … (4 comments)
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reo: REOs - yes they are in your neighborhood too! - 07/13/08 05:31 PM
If you live in Stockton, CA - the odds are there is REO activity in your neighborhood!
Stockton has several zip codes within the city. Of those zip codes there are several heavily hit by the foreclosure crisis. This is no surprise to most, but there are still those out there … (0 comments)
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reo: Is your city in the Top 10? - 07/13/08 03:33 PM
Stockton, California - Twice named an All-America City, 1999 and 2004.
Stockton did not make the Top 10:
Best Places to Live in US,
Best Cities for Seniors,
Best Cities for Dating,
Worst Cities for Dating or
Best Green Places
--- HOWEVER, according to Forbes the
Top 10 - Most Miserable … (5 comments)
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reo: Keep your offers clean... take the dirt out! - 07/11/08 04:00 AM
If you are making an offer on a bank owned property -- clean up your offer! Some buyers are sending in dirty offer??? What does this mean?
Clean offer (results in acceptance, transaction with less complications)
Offer at least asking price
Add in to the price any credits that you are … (16 comments)
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reo: News Flash!! Negotiators should know how to negotiate! - 07/10/08 01:47 AM
I am totally convenienced that Countrywide has no serious intentions of accepting short sales! They keep you on hold for months and still come up not accepting -- a solid/serious offer-- even when they counter back and the buyer meet the counter! They still reject the request!
I had a discussion … (12 comments)
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reo: Selective Memory? or Did you really forget? - 07/07/08 04:50 AM
Don't you remember you said you understood "as is - where is" meant the bank is not going to do or pay for any repairs? Sure you remember don't you?
So if you remember this, why are you now coming back and asking for:
Pest inspection fees
Pest Repairs
Repairs from … (14 comments)
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reo: 3261 Ripplerock Lane, Stockton, CA 95206 - 07/06/08 11:00 PM
Just Listed
Check out this price!
$198,900
Great place to call home! This is a 2-story open living room; with 4bd/3.5ba; 2-car garage, 2147 sq ft/lot: 6098. Large kitchen with tile countertop, island and pantry w/combo family room w/fireplace. Inside laundry room. In the Weston Ranch community - … (4 comments)
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reo: Countrywide is better known as the "frozen turtle on the move"? - 07/06/08 06:53 PM
I have been dealing with short sales for a while now and I have to let you know that I have never had as much of a problem with any lender as I have with Countrywide! They have to be the slowest in the industry and the most difficult to deal … (22 comments)
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reo: Call this number: 800-569-4287 for help! - 07/06/08 12:51 PM
Finding yourself in a situation where you need help and you don't know where to start in getting that help? Here is a number 800-568-4287 or www.hud.gov that will be able to point you in the right direction. This is a HUD approved / non-profit organization that will point you to the counselors … (0 comments)
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reo: Independence Day - Happy 4th of July to All! - 07/04/08 12:37 PM
Happy Independence Day to you and your family and to AMERICA!
Take time today to breathe in and be thankful---- and above all be safe. We have come a long way and we are still in the history making years ---
Fourth of July, Independence Day, or July Fourth, U.S. holiday, … (10 comments)
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reo: Gosh.... look at that yard! Must be a Bank Owned Property.....? - 06/23/08 08:20 AM
Ever wonder how much value is added or decreases when a property's yard is either well maintained or neglected? Over the years I have heard that landscaping improves the value of the home by some where in the neighborhood of up to 14%. With that being said... ever wonder how much … (13 comments)
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reo: "Whoo to the hoo!" WAMU works to help! - 06/23/08 07:24 AM
I attended a workshop presented by Washington Mutual and they really impressed me and I wanted to share what they had to offer. They have teamed up with El Concilio, NeighborWorks, Visionary Home Builders and Worknet to put on these workshops. If you are in trouble or know of someone that … (0 comments)
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reo: Why wasn't my offer accepted? - 06/09/08 12:17 AM
Lets get a better understanding of Bank Owned Property Sale, and what AS IS means - what the banks are commonly not accepting. So many agents are not advising their buyers correctly or the buyers are not listening to the agent and are submitting offers that are never going to get … (18 comments)
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reo: 3716 Popolo Circle, Stockton, CA 95212 - 06/08/08 12:17 AM
*FEATURED Property*
This is our featured home. It has 4 bed/2 bath; 2282 sq ft/ lot 8712 sq ft, built in 2004 with a 3 -car garage. Nice size kitchen with dining room / family room with fireplace combo, living room & den in front, master bath has 2 sinks, … (4 comments)
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reo: Bank owned list price - does it reflect the market value, the condition or what? - 06/07/08 11:56 PM
Working with REOs is interesting in that you work much harder on the these listings than some may realize. One of the first tasks you have is to do a BPO on the property. You research and give your honest opinion of the value of the property based on similiar comps in … (10 comments)
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reo: Bank Owned - Vacant or Occupied? or good looking out....? - 06/07/08 11:40 PM
Rant: Do not park your vehicle in a foreclosed property -- unless you get permission first!
Scenerios: White truck parked in the drive way of the property I was scheduled to check for occupancy.
Why did I remember that truck? Well, when I first got the listing that truck was in … (6 comments)
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reo: Is it mold or NOT? - 06/07/08 02:07 PM
Is it mold or not? DISCLOSE, D I S C L O S E, Disclose - Not matter how you size it up..... DISCLOSE.
Agents are suppose to DISCLOSE any substance that appeals to be mold. So report it to the seller first before you start to show it to the … (4 comments)
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reo: 2248 William Moss Blvd, Stockton, CA 95206 - 06/07/08 01:36 PM
Take another look at this property!!! NEW PRICE: $149,000
↑ Grab this Headline Animator
… (0 comments)
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reo: Get a GIFT to help you buy a home! - 06/07/08 06:15 AM
Today I went to a Designated Nehemiah Specialist training and would like to share some of what I learned.
Nehemiah is nationwide downpayment assistance program (a gift to the buyers) and it helps buyers and sellers, it is non-profit. Nehemiah does require that the seller agree to using the program - … (8 comments)
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reo: So you submitted an offer for a bank owned property? ...... now you WAIT! - 06/05/08 10:20 AM
How long does it take the bank to get on an offer? There is no one answer to this question. The banks vary in their response time, depending on the institution, the time of the month (month's end taking longer), and the Asset Manager's file load. Often times the institutional seller … (12 comments)
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reo: By popular demand...Money talks.... and what walks? - 05/14/08 01:56 AM
As some of you know, I have contributed much to the Short Sale search engine. Then I went off and took up a "new trade".... REOs.
REOs are very interesting in that they seem to take up more of your time, they have a lot of little "tasks" that must be … (9 comments)
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reo: Things that make you go.....um? Was this a drug house before foreclosure? - 05/14/08 01:05 AM
I was asked this question by a interested buyer. Was this a drug house or something? This was after spotting yellow stains on the walls, metal fixtures that look rusted, strangely colored stains all over the hosue, some chemicals like storage in the garage, and a very strange ammonia smell throughout the … (6 comments)
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reo: Trying to buy a REO property? Will these questions really help you? - 05/11/08 08:47 PM
OK, you're an agent. Why call the REO agent these questions?
How many offers are there on the table?
Why ask what is the highest and best offer on the table?
Why ask is the bank flexible?
Is the bank easy to deal with?
Who is the bank?
What's wrong with … (2 comments)
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reo: How do you handle REO "rejected" - 05/11/08 08:07 PM
If you made an offer that was rejected in the first round, within a day! Yet you felt it was a good offer. You are asking what did you do wrong. The house is not worth very much more in your opinion. So you feel down and out that you did … (26 comments)
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reo: It takes 30-60 days or more ...... does it affect the market? - 05/10/08 10:40 AM
It appears that the lenders are taking their sweet time in deciding to either approve or deny a Short Sale request. So the question here is: Does this affect the market comps in some way?
Example: You write an offer for say 450,000 on a property (market value at time of … (13 comments)
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reo: 12131 Kadota Avenue, Waterford, CA 95386 - 05/06/08 09:12 PM
This is a deal you don't want to miss! Need a Short Sale Specialist? CLICKWant to purchase a REO property? Want to know what properties I have to sell? CLICKNeed information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide CLICK For a FREE MARKET EVALUATION of your home CLICKCheck out: Real … (3 comments)
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reo: 2633 7th Street, Merced, CA 95340 - 05/04/08 12:39 AM
This is a great Bank Owned Property in Merced. Need a Short Sale Specialist? CLICKWant to purchase a REO property? Want to know what properties I have to sell? CLICKNeed information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide CLICK For a FREE MARKET EVALUATION of your home CLICKCheck out: Real Estate … (2 comments)
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reo: What do you know about this bank? - 04/27/08 09:10 PM
This is the most common question I get from both agents and buyers. The other questions I get are: Are there any offers on the property and do you think the bank will take a cash offer (and those offers are usually very low but they are quick close and cash). … (6 comments)
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reo: They are not steroids but they are growing..... all over the place! - 04/25/08 11:58 PM
This is about REOs (bank owned properties):REOs are not steroids but they are growing, all over the place.
Out of 56,493 NOD filings, California filed 40,761 for the month of March 2008.Out of 47,677 REO properties, California filed 14,025.REOs (bank owned properties) numbers are growing at record high. Since the lenders … (3 comments)
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reo: Got R-E-O Countered? - 04/25/08 02:49 AM
You submit an offer and you get countered? What does it mean?
Some buyers mistake a counter for a turn down or that it is etched in stone. It is not. It is an opportunity to open up the negotiations or it can be.
Don't mistake a counter as a turn downDon't mistake … (16 comments)
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reo: AS IS, Where Is... Know WHAT IS before you offer! - 04/23/08 08:16 PM
AS IS - WHERE IS - Do you know what it really mean? I don't think it can be explained enough. There are so many foreclosed homes out there that it is important to understand what the buzz words mean - and this is one that won't go away (AS IS, … (11 comments)
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reo: WAM its gone!......REOs are not hanging around long - 04/23/08 12:08 AM
Buyers, if you see a REO / Bank Owned Property FOR SALE --it might be wise to check it out, do your inspections and make your offer before the sign changes to SOLD.
These properties are not going to sit on the market a long time as they once were doing. The … (6 comments)
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reo: Is Countrywide using SALT to make Lemonaide? - 04/20/08 07:54 AM
When the loans were rolling out like there was no tomorrow - Countrywide was the Industry leader for serving "lemonaide" to the borrowers and homeowners ~ or so they called it. Now that same Industry leader is backing out of helping the mess they lead the industry in creating. Something is really … (17 comments)
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reo: Snapshot: Active Listings in Stockton, CA (BO vs SS) - 04/19/08 10:40 PM
Lets take a snapshot of Stockton's Metrolist Listings:
After reading a post by Mark Horan's Countrywide Loss Mitigation stating that they heard that Countrywide was going to stop doing short sales and just let their homeowners go staight into foreclosure, I decided to take a look at how it would affect the listings. … (0 comments)
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reo: Making a REO/bank owned offer? - - here are some tips! - 04/19/08 03:48 PM
Found a REO / Bank Owned property that you want to make an offer on but not sure how to make the offer?
What you want: So you want everything fixed, termite Section 1, bank to pay all the escrow fees and on top of this pay a 6% closing cost … (30 comments)
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reo: Is buying an REO easy? .......And are you serious? - 04/16/08 05:04 PM
REOs are known best for being an opportunity to purchase a property that will have equity in it, that may require some repairs on your part but will in the end pay off.
So When buying a REO you may encounter the following:
Long time to get an accepted offer: Bank may … (12 comments)
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reo: Mr. Bank/Lenders that are rejecting Short Sales ~ Where is the logic? - 04/12/08 04:08 AM
Do you get the feeling the lenders are rejecting short sale requests without really thinking about it? And do you wonder why? I do. I am finding that the lenders are taking more time to say NO to short sale requests.
It is puzzling to me because once that home is … (20 comments)
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reo: 2231 Addison Avenue, E. Palo Alto, CA 94303 - 03/31/08 04:49 PM
$ Call for price
This is a bank owned property
This is a 3 bed/ 2ba (1370 sq ft/ 5000 sq ft lot, built in 1955) home located in EPA. It has a fireplace in living room, large kitchen with granite countertops, formal dining room with double-door exit to side covered patio, inside … (7 comments)
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reo: 5029 Hobart Avenue, Stockton, CA 95215 - 03/31/08 04:44 PM
$ Call for price This is a bank owned property
This 2 bed/1 bath home has great potential - an Investor's Dream. It is seated with room to expand with a 7840 sq ft lot, this 2/1 with 744 sq ft living space, built in 1962- room to expand. This deal won't … (2 comments)
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reo: 2071 Del Rio Drive, Stockton, CA 95204 - 03/31/08 04:36 PM
Nice Home!!
$179,900
This is a bank owned property
Great Starter home - requires a little TLC. This 1-level, 3bed/2 bath w/2-car garage, fireplace, 1064 sq ft and lot size is 6970. Built in 1953. All you need is to add some TLC and you will have instant equity in this great home. … (2 comments)
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reo: 39 Howard Street, Stockton, CA 95206 - 03/31/08 04:21 PM
$ 74,900
This is a Bank Owned Property
This home is sitting on a 7405 sq ft lot, this 2/1 with 744 sq ft living space, built in 1947, it has dual pane windows and was remodeled in 2005. The potentials are endless.
Got an Offer - Fax it in!
MLS# 80036467
Need a Short Sale … (0 comments)
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reo: 1026 Thoreau Court, Modesto, CA 95350 - 03/31/08 04:16 PM
$ CALL for Price
This is a Bank Owned Property
in Pre-list stage
This home is 3 bed/2 bath (1657 sq ft/Lot is 5663 sq ft), Built in 1955. Large living room w/ beautiful fireplace & built in storage area. Lot's of built in's including built in vanity in master bedroom. Newer comp roof, … (2 comments)
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reo: 12131 Kadota Avenue, Waterford, CA 95386 - 03/31/08 03:58 PM
This, you cannot beat!
$133,500
This is a Bank Owned Property!
.....requires a little TLC. This 1-level, 3bed/1.5 bath w/2-car garage, 1092 sq ft and lot size is 5663. Built in 1991 with school and park nearby. All you need is to add some TLC and you will have a equity in this … (0 comments)
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reo: 668 Loreli Lane, Patterson CA 94583 - 03/31/08 03:52 PM
Check out this price!
$174,900
This is a Bank Owned Property
This move-in ready home comes with new carpet and flooring over most of house. This is a MUST buy. Lovely 3bed/2bath, Redwood deck patio w/built-in BBQ pit and storage shed, 2-car garage. This 1 level, 1503 sq ft, lot size 5663, … (0 comments)
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reo: Try to get your property re-assessed - could save you some money! - 03/03/08 07:20 PM
I recently posted a suggestion of checking with your county property tax assessor to see what they are doing or planning on doing about the low drop in property value vs the high property tax bill the homeowners of San Joaquin County are getting. To see if they are going to reduce … (4 comments)
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reo: Affordability - and What is Rock-Bottom? - 03/01/08 06:24 AM
Rock-bottom, what does it mean? Where does Stockton, CA fit into affordability? Well, I can tell you some good news. Stockton is not #1 on the least Affordability List, but on the other hand it is not on the #1 Affordable list either. I was actually somewhat surprised (and Happy) to … (2 comments)
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reo: Who REALLY SHOULD pay for the bugs in that REO? - 02/28/08 04:53 AM
This maybe a simple question to some but I need to know what the answer is. This is about major termite - Section one repairs in a REO - bank owned property. I changed the title to who SHOULD pay, I feel it SHOULD be the bank and that they SHOULD do … (28 comments)
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reo: Let's take a Train Ride!.... On How to buy REO properties (Part II) - Finding the right property - 02/27/08 11:10 AM
OK so I promised a train ride. I always try to keep my words... so lets move on to Part II on my REO training.
We now have our list of great opportunities for our buyer.We have advised our buyer of what are the standard requirements for bank owned propertiesWe have … (1 comments)
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reo: Let's take a Train Ride!......On How to buy REO properties (Part I) - Special Offer Instructions - 02/27/08 10:18 AM
Now that the weather is getting a little better and I decided to latch on to the Spring concept, I thought a little "outing" would be fun. A training ride.... This is part I of the REO training. How about us going on a REO (bank- owned property) tour. OK so its … (5 comments)
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reo: Short Sale, Foreclosed, Auction, & REO Properties - Know the difference BEFORE you start your search - 02/24/08 06:37 PM
There are certainly some good deals out there but be very careful what you choose to purchase and be willing to follow the bank's addendum to the T and the requirements to submit an offer is a different requirement in most cases. Just know the difference between the types of Foreclosure resulted … (8 comments)
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reo: Grab Buyers Attention ----Featured Listings Slide Show! - 02/24/08 09:16 AM
I love this slideshow, so I thought I would share it today. Showing off my listings is always a good move! Call me about my listings and if you are interested in where to go find this little tool. Check it out on slideshow.com. It is free and it is very … (1 comments)
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reo: Bank owned properties are everywhere! Status: REO OVERSTOCKED - 02/23/08 10:51 AM
While in search of my next niche..... it wasn't hard to figure out that REOs are the way to go. As many of you know my daughter and I specialize in Short Sale listings and have been able to help most of our clients obtain a short sale successfully. And we … (10 comments)
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reo: 203K Rehab Loan Program .... How does it work? - 01/03/08 02:41 PM
I NEED HELP!
While working with my qualified buyer and pulling up available homes located in the Oakland, CA area and in his price range ~ we ran up on a home that my buyer is interested in! YEAH! Not a problem. The description of the home stated that it is 203K … (29 comments)
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reo: Why look for a new home now? - 12/11/07 09:43 PM
San Joaquin - Central Valley - Stockton
Buyers
Here are a just three of the reasons you should be buying a home right now!
The times are ripe - right now!
1. Interest rates are at historic lows. 2. Home prices are favorable.3. More options and more choices of homes available.
Buyers just … (6 comments)
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reo: Buyers need to know - 12/11/07 02:31 PM
Buyers need to know. In my last post I covered facilities that fall under the Safety Codes of exemption for requiring declosure of their existance in a neighborhood, the list below are some of the items that fall under the standard points of disclosure requirements in California.
Some sure fire disclosures that … (6 comments)
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reo: Ready to go to war?.... make an offer on a REO property! - 12/11/07 01:29 AM
Well maybe not real war, but Stress for sure!
Buyers: All bargains are not good bargains, but some are: How do you know the difference? There are so many properties in the Stockton - Modesto area that are REOs. REOs can be just as hard to negotiate as a short sale!! … (4 comments)
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reo: Give Protection.....Get Protection! - 12/01/07 09:20 AM
Some people don't realize the many benefits of a Home Protection Plan. However, as an experienced Real Estate Professional, I would like to point out how a qualify Home Protection Plan can benefit you, whether you are buying or selling a home. A good Plan ensures the repair or replacement of … (4 comments)
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