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foreclosures: EUREKA! I JUST FIGURED IT OUT! BANKS THINK THEY'RE SELLING RETAIL RATHER THAN RESALE. - 03/26/09 04:11 AM
I totally love Lenn Harley, Maryland & Virginia real estate Broker and blogger extraordinaire. And she's totally nailed it again with the following article on banks and real estate. Now if we only knew how she REALLY felt. LOL
Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:
Inspired by an article by Scott Daniels this morning, I experienced a genuine EUREKA moment.
Banks are not negotiators. BANKS ARE DICTATORS.
Banks do not consider the listings for their properties as "offered for sale". They consider their property listings to be a menu of what's available and priced as is and … (5 comments)
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foreclosures: How Aggressive and Questionable Tactics of Lender Sellers Torture Buyers & Cost Our Industry - 03/26/09 03:48 AM
This is incredibly timely and poinant article by an incredibly astute mortgage broker and fellow ActiveRain blogger in San Francisco, Janet Guilbault. I'm honored to be able to re-blog her post here. Enjoy!
Via Janet Guilbault, California Mortgage Expert (Banker/Broker with RPM Mortgage, FHA Certified):
When a bank sells a foreclosed property do they try to replace one bad loan with one good loan?
If the main agenda is to dump the house, is the hidden agenda to seize a golden opportunity to gain a new loan customer (far less risky because the "dumped" price was lower and the … (2 comments)
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foreclosures: Marketing 101 For Banks With Active Foreclosures - 03/06/09 12:29 AM
I'm a very outspoken critic of the deplorable manner in which many bank owned properties are being listed and marketed these days. The banks/sellers want to sell the homes and get 'em off their books, the seller's agents want to close deals, and the buyers just want a fairly accurate description of the property. So why in the world are there so many incomplete, inaccurate or downright BAD listings of properties?
To hear of one extreme example, you can read my recent post: 10 "Special" Conditions of a Bank Owned Property ~ Where does the buck stop??
Following is a … (12 comments)
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foreclosures: 10 "Special" Conditions of a Bank Owned Property ~ Where does the buck stop?? - 03/01/09 01:33 PM
I met some extremely nice clients this morning - a mom and her son. She had been looking at listings I had been sending her for a couple of weeks, gotten her financing arranged, and they were both quite excited to tour some of the homes that looked and sounded so appealing on-line.
The first listing was a relocation property - fresh paint, clean, newer appliances, vacant and immaculate.
The second listing was an owner/agent property - vacant but staged, nicely updated, clean and inviting.
The third listing was a foreclosed, bank owned property - anybody wanna guess what we … (30 comments)
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foreclosures: List of Builders in Financial Trouble, Foreclosure or Bankruptcy in Arizona - 01/27/09 01:43 PM
Eeyore would probably be perfectly content with the information I'm about to share with you. However, some of my friends and associates will most likely think this post is leaning to the "doom and gloom" side of things. The intent, however, is not for this to be perceived as negative information, or to elicit feelings of sadness or depression. And it's certainly not to be construed as "The sky is falling!" Rather, the intent is to make my Arizona clients and fellow Realtors/Brokers aware of an eye-opening source of information that could prove to be invaluable to all of us! I … (11 comments)
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Randy Hooker ~ Gilbert, Chandler, Mesa, Queen Creek
Gilbert,
AZ
More about me…
Dreamcatcher Realty / Greater Phoenix Area
Address: Gilbert, Chandler, Mesa, Queen Creek, Phoenix - Arizona
Office Phone: (480) 926-8777
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