reo: Ohio's "Save the Dream" campaign - 04/02/08 03:57 PM
Here's a great story and tribute to the great state of Ohio!
Ohio is another state that's apparently fed up with Big Government and decided to take matters in their own hands. They are sponsoring a program to assist Home Owners who are facing foreclosure.
This program is called "Save the Dream"! … (5 comments)
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reo: Bear Stearns, Do we realize how close we came to 1929'? - 03/30/08 12:40 AM
Is it me or did we come terribly close to being in 1929' on March 16, 2008. For those who are not aware (and many are not) Bear Stearns is an investment Bank a securities trading and brokerage Bank!
Bears Stearns recently agreed to a merger with JP Morgan Chase in … (6 comments)
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reo: Buying Property....."Now is the Time" - 03/22/08 01:45 PM
I love the way the media is portraying that Real Estate is falling off the Earth and we should all run for the hills. What are we supposed to do....start building tents (again) or living in caves?
In life and especially in Investing, you can not follow the crowds. In the stock … (14 comments)
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reo: R.E.O Market Growing ever Bigger! - 03/19/08 03:23 PM
Here's evidence of where the R.E.O Market is going.
FAS (Field Asset Services) is a REO maintenance and service provider for many Lending institutions. Their main focus is to increase their return on defaulted properties sold for their clients.
Recently, they've just added new clients like Fannie Mae, Indy Mac and … (28 comments)
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reo: Broker Fees In Question... - 03/16/08 07:03 PM
It appears our government is at it again! This time they are going after Mortgage Brokers???
In an attempt to restore our expiring economy the Bush Administration is pressing for Mortgage Brokers to have full disclosure to fees charged for originating loans. Lender and Broker trade groups in the past have resisted … (2 comments)
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reo: The reality is.....If we don't who will? - 03/10/08 01:14 AM
Last week Treasury Sec. and other members of the Bush Administration visited Oakland, CA. They were there due to the fact that CA has an abnormally high foreclosure rate. (who doesn't!)
The Administration's current attempt to battle the foreclosure epidemic is to educate home owners who are loosing their homes to … (16 comments)
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reo: Loss Mitigation....Continued! - 03/08/08 03:29 PM
Earlier this week i wrote a blog about how HomEq was giving me the run around in regards to getting a short sale payoff letter! Well, here's how it ended!
I managed to find out the email address for the CEO of HomEq and the phone number to the CFO! I called … (8 comments)
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reo: What is Loss Mitigation Really Doing!? - 03/06/08 06:42 PM
I can't believe these Loss Mitigation departments! I would love to see who is managing these departments. Surely it's a 12 year old!
Correct me if i'm wrong, but the purpose of these departments are to "Mitigate Losses" isn't it? Then what are they doing!? The bank told me exactly what they … (15 comments)
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reo: Federal Law can't help, but State law WILL!!! - 03/01/08 12:37 PM
In an unprecedented move, Massachusetts state court ruled to stop all foreclosures preceding against Fremont Mortgage based out of California.
The court ruled that Fremont had approved many loans that were designed to make the loan holder fail. Also known as Preditorial Lending!
The objective is to allow the homeowners time to develop … (8 comments)
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reo: There "Absolutely" no End in Sight! - 02/27/08 08:01 PM
foreclosures are gaining Speed! In the month of January filings were up 57%! ???? Unbelievable That is an 8% increase from the month of December Ok Active Rainers! Which state is the winner of the highest rate of Foreclosure .......... Nevada! with California and Florida a Very close Second and Third Respectively Never fret Californians you … (10 comments)
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reo: BPO: If I had my Druthers! - 02/18/08 04:00 PM
I Think most of us agree that the most important (at least one of them) piece of a successful Short Sale is the
BPO!
The question is whether or not you are going to get:
A. BPO Agent?
B. Appraiser?
Now, is there a toss up … (9 comments)
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reo: REO vs Short Sale - 02/12/08 01:35 PM
REO vs. Short Sale (Sales)
I recently got the statistics back from a question I posed our company. Do banks make more on the sale price for REO than for our short sale offers? So, I had our staff go back and do a little homework using last years records. … (12 comments)
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reo: Can Women cut it as R.E.I.? - 01/30/08 08:28 PM
The question has come up time and time again. Why are there so few "Women" R.E.I.? Before you comment I'm not talking about agents, brokers or consultants. I'm speaking about those valiant women who title themselves fulltime Real Estate Investors. There no denying there are more men Investors than women. But, … (1 comments)
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reo: We Need Your Voices!!!!!!!!!! - 01/18/08 08:36 PM
You are invited to join Short Sales Institutes's NEW "Pre-Foreclosure" yahoo Group (Sponsored by Taylor One Inc.) Our aim is to hear voices and gain knowledge and a new insight to a reality that is at our Nation's front door. Please feel free to Network, give your opinions and learn as … (1 comments)
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