reo properties: My Options Have Expanded on How I Assisted My FHA Home Seekers - 11/17/10 03:58 PM
While in the process of putting together my 2011 business plan, I have reflected on what has worked and what hasn't worked for me in 2010. The one thing that was most frustrating has been the number of rejections on bank owned properties (REOs) and the number of accepted offers on Short Sale properties from the homeowner, but not from the lender. As I reflect and ponder on these Real Estate transaction foes, I have reconsidered to do something different for my buyers and that is to become more educated in Rehabilitation Loans. The buyer's I assisted in 2010 have been 90% … (2 comments)
As and Short Sale or REO Agent we MUST be efficient at managing several properties at a time and making sure that those properties are being maintained property. Within the last two years, Real Estate Agents and Firms have received a bad rep for not taking care of the properties. Even Agents, who put their best foot forward to convince Asset Managers and Lenders to give more allowance to get repairs done and keep the property in good condition. Unfortunately, agents weren’t always getting the support that was needed to … (2 comments)
BUILDER: MATTHEWS HOMES This home is APPROVED for ExpressPath Financing. Here are some of the benefits: Minimun 3% down payment Seller paid closing costs (excluding pre-paids) Appraisal/Lender-required repairs are not required No up-front application fees Guarantees same-day loan decision If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0462 or email me. … (0 comments)
This Single-Family Home located at 3918 Crestmore Court, Stockton CA 95206. This property has 4 beds, 3 baths, and approximately 3,000 square feet. The property has a lot size of 9,583 square feet and was built in 2005. Located in the City of Stockton, Weston Ranch is a master-planned community comprised of various neighborhoods offering more than 1,800 well-designed homes. It's the perfect place to enjoy the cool river delta evening breezes and comfortable summer weather. Being a family-friendly community, it has a large 9.4-acre park which includes basketball, tennis and volleyball courts, softball fields, playgrounds and a picnic … (0 comments)
reo properties: Tips to a Successful REO Closing - 05/04/09 12:42 PM
Our Word Determines Our Integrity What is your idea of giving positive professional conduct? Working in today's market can be busy and overwhelming. As a result, I've addressed some important code of conducts.
Submit all written offers in a prompt and timely manner. Receiving an accepted offer will not happen if instructions are not followed. It is important to look at the agents remarks in the MLS listing. Most REO packets need to include the following:
CAR purchase agreement pre-Approval letter from lender proof of funds (if cash offer, down payment) Earnest Money Deposits (EMD) **Some even require pre-Approval … (5 comments)
reo properties: Bank Owned (REO) Properties: On My Quest To Learn And Do More! - 03/26/08 02:28 AM
Ever since I started working with Real Estate, I've been itching to work with REO properties and now that I am working with them...I am happy because I am learning something new everyday. On March 14th, my mother (Rosemary) and I went to our first Bank Owned property. Our assignment was to issue a letter stating that we would offer cash for keys. At first, it didn't seem to phase us because we were happy to get the property and have a task to do with it. Once we got to the property, we started to strategize. I told her Ill … (3 comments)
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