reos: The Reason Why Banks Are Slow to Respond to Foreclosures - 09/25/08 10:40 AM
The banks are taking a long time to decide on foreclosures for one reason: They can't do it any faster. Many asset managers are handling 500 files per month. The banks are overwhelmed with foreclosures and understaffed. Not only are they dealing with potential sales, but there are a flood of … (19 comments)
reos: When Two Buyers Want to Buy the Same House in Midtown -- What Should an Agent Do? - 09/13/08 02:49 PM
I work with such a wide variety of clients that it's rare to run into a situation where two sets of buyers want the same house, but that's what happened last week. I had showed a Midtown home to a charming couple, we'll call them the Andersons, about three weeks ago. … (16 comments)
reos: Guess I was on CBS Radio and Didn't Even Know It - 08/27/08 03:13 PM
My managing broker called me into her office to chat today after our weekly meeting. She said an agent at another Lyon office called her because that agent's client was irate over something I said on a radio interview. I was sort of puzzled because I haven't done a radio interview … (7 comments)
reos: Oh, That Wild and Wooly World of REOs: You Never Know What Will Happen! - 08/14/08 11:07 AM
REOs buyers are some of the most patient buyers in the world, right next to those short sale buyers. While my heart goes out to them, I don't understand how they can withstand the pressure and wackiness of waiting for an answer to their purchase offer. In some ways, sending offers … (29 comments)
reos: 8 REO tips for Buying Foreclosures - 05/14/08 09:17 AM
Credit this inspiration to an Active Rain blogger who asked the question about how to make banks accept REO offers, Jim Quinn. I responded on his blog, and he indicated that it was a great help. So, I decided perhaps I should write an article about it. After all, I've dealt … (17 comments)
reos: A Solution to Getting Responses From REO Real Estate Agents - 05/09/08 02:55 PM
Many of the REO listing agents I know are hard-working and ethical agents. They have a ton of listings to process, and they don't always earn a full commission because banks negotiate hard on listing fees. I try to cut them slack when I'm writing offers on REOs because I realize … (39 comments)
reos: Sacramento Market: Under $300,000 Price Range is RED HOT - 04/20/08 10:41 AM
Oh, what I wouldn't give for an extra hour or two of sleep every night I know it's not just me because when I walked into my office a few days ago, everybody I saw looked like something the cat dragged in. Many of the agents looked like zombie's walking: bloodshot eyes, … (11 comments)
reos: Buying Distressed Homes: Foreclosures, Short Sales & REOs - 12/28/07 01:04 PM
This is my "Lions and Tigers and Bears, oh, my!" photograph (to the left). Because I think that phrase amply illustrates how many buyers and sellers feel about distressed home listings such as foreclosures, short sales and REOs. The names sound ominous and perhaps a little frightening. Not to mention, there's … (12 comments)
reos: Most Short Sales Are Not Fantastic Deals - 10/31/07 05:25 PM
Because of my ranking in Google for short sales, I get a ton of phone calls from buyers (sellers, too), asking me to represent them to either handle a short sale or find a short sale home to buy. For starters, one doesn't need to look too far. In some areas … (7 comments)
reos: Are REOs Asleep At the Wheel? - 09/01/07 09:14 PM
It's too bad that so many of the banks were burned and now have excess inventory on their books. I feel for them, I really do, but one would think that most banks would be more eager to dump that inventory instead of sitting on it. I searched in the central … (10 comments)
Stumble It!
;)
Links;)
Archives
The banks are taking a long time to decide on foreclosures for one reason: They can't do it any faster. Many asset managers are handling 500 files per month. The banks are overwhelmed with foreclosures and understaffed. Not only are they dealing with potential sales, but there are a flood of … (19 comments)
