wells fargo: Short Sale Listings...Do you hold Open Houses...
- 07/08/11 09:57 AM
What's your experience with offering Open House in this market when your the listing agent of a Short Sale? If you believe they are effective and bring offers how do you track that? What other forms of advertising do you offer the seller other than Open House showings? How often do you hold Open House showings What's your best marketig vehicle for short sale listings? Thanks for responding! … (1 comments)
wells fargo: This Guy Gets a $2 Loan Modification...or 1/2 off a Starbucks Coffee! :)
- 03/23/11 08:17 AM
Insult or Injury? or Both? Actually, this guy favored well as most homeowner walk away from a loan modification pay MORE! Yes, our Short Sale clients biggest gripe is that the loan modification that was presented them by their bank was an actual monthly increase…yes, pay more! Isn’t that why we’re in trouble in the first place? Here’s a good story from the folks at The Truth About Mortgage.com
Here’s another PR nightmare… Wells Fargo reportedly offered a struggling homeowner a loan modification that resulted in just $2 off his monthly mortgage payment, according to an ABC news affiliate. The Independence, Ohio-based homeowner, … (2 comments)
If the housing market wasn’t already suffering enough…News released today…Wells Fargo is passing the “pain” on to it’s new mortgage loan clients making it more difficult to get a home loan…or at least costing the buyer more up front. 2010 saw the new “Dodd-Frank” bill put into action to protect investors on Wall Street from unscrupulous activities. One of the ways identified was to require any bank to “retain” 5% of the loan amount if the loan was to be “secularized” on the open market. What does this mean? Basically…if banks sell their mortgages to investors on Wall Street, the bank … (3 comments)
Wow…I’m gonna catch flack on this one…however…my armor is suited and I’m prepared for battle. I am prepared to take on even the largest of foes…Top CEO’s, Senior VP’s….bring it on! We as Americans, must unite and place demands on President Obama to shut down the top 4 banks in these United States. Bank of America JP Morgan Chase Wells Fargo/Wachovia Citibank You’re thinking this guy has lost it…you can’t do that…we’d fail as a country. Actually…if we don’t shut down the banks…we will fail as a country. Why? Banks are cheating us each and every way they … (1 comments)
wells fargo: Wells Fargo Finds Foreclosure Mistakes…Issuing 55,000 “Supplemental Affidavits”…Whatever That Means?
- 10/29/10 07:22 AM
Wells Fargo…shame on you… Foreclosure is a serious process and WF treats it like an assembly line…with Robo signers! What is a “supplemental affidavit” any how? Something one of your “legal” eagles (senator or congressman no doubt) came up with to avoid the responsibility to complete the foreclosure process accurately? I see this all as a filtered response to a bad situation…I smell class action suit! Great article by The Truth About Mortgage.com Wells Fargo has finally admitted to errors involved in its foreclosure process, according to a company press release. The top mortgage lender in the nation said it identified “instances where a final step in its processes relating … (4 comments)
wells fargo: Wells Fargo Vice President Gets the Boot for being a Glutenous Pig!
- 09/14/09 12:33 PM
It appears that Wells Fargo plays no games with it's execs that take advantage of the system. Cheronda Guyton, a VP in Wells Fargo Foreclosure Assets division (and USC Graduate) was giving the "boot" after word spread that she was living in a recently "foreclosed" $12Million Dollar shack in the posh Malibu Colonies enclave. It appears that the previous owners (Madoff Victims) who surrendered the property in lieu of a large amount of monies owed to Wells Fargo for outstanding debt, had a few friends in the enclave that were concerned about the activities and goings on at the exclusive address...ya … (3 comments)
wells fargo: California Foreclosure "Shadow Inventory" between 80,000 & 100,000 Homes. Can It Get Any Worse?
- 04/09/09 06:26 AM
Shadow inventory is the number of foreclosed homes not currently on the market. What this means is that when this foreclosed inventory is unleashed, prices will be pushed down much further than projections estimated. Current estimates are a continued drop of 10 to 30% through December 2010. RealtyTrac compared these figures to it's current inventory which only reflect 30% of foreclosures were listed.* Also, there are many foreclosure moratoriums that are simply hedging the inevitable foreclosure. (CA SB1137 is one) These homes have not been reported, but they could be double the current projections. What does this mean? Continued steep drops … (3 comments)
What's your experience with offering Open House in this market when your the listing agent of a Short Sale? 
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