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$50,000+ For A Lender to REO a Property? - 10/11/09 09:10 PM
This report released in May of 2008 by the Mortgage Broker's Association says that it costs about $50,000 for a Lender to REO a property and as much as 30-60% of the loan value. It makes you wonder why they don't put more effort in working toward approving Short Sales... Read more to find out: Mortgage Banker Foreclosure Update View more documents from Matthew Rathbun. … (2 comments)
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Do you "Resume"? - 10/11/09 03:46 PM
Recently while teaching a class, I mentioned that agents should be giving their clients Resume’s prior to the first meeting. One agent asked what I thought it should look like, so here’s mine, as an example.
It’s my belief that agents are essentially asking for a job when the encounter a potential client, so why wouldn't you send this to them? It will allow you to concentrate on THEM during the meeting, trusting that they will have a good idea of who you are before hand.
Resumes should be under two pages and very easy to read. One element that you … (3 comments)
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The “Nigerian Investor Scheme”, the FBI and You - 10/06/09 12:24 PM
Back in January I wrote an article for www.AgentGenius.com, called The Setup, The Pitch and the (Agent’s) Stolen Identity. This outlined a new threat to agents who have active listing, wherein people took your listing information and fraudulently relisted the house as a rental on Craigslist. The post showed the email exchange between the victim, as well as a passport and rental agreement. At the time, the FBI was contacted and they advised that there was little they could do.
In June Sarah Stelmok journaled her interaction with an internet scammer, matching the same profile. You can read more at www.Sarahiouslyspeaking.com, … (0 comments)
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RESPA FAQ’s for 2010 - 10/06/09 12:23 PM
An FAQ (Frequently Asked Questions) is a great way to get summary information about a topic. HUD has setup a website designed to answer some of our questions. RESPA’s changes have been chartered to start January 10, 2010 and some folks have concerns. Here is some information from the website:
The "New RESPA Rule FAQs" were comprised from industry questions and are posted to facilitate implementation of these new requirements.
New RESPA Rule FAQs
RESPA Final Rule
Withdrawal of Revised Definition of “Required Use”
Good Faith Estimate
HUD-1
HUD1-A
Regulatory Impact Analysis
… (1 comments)
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What to Consider When Accepting a BPO - 10/06/09 12:16 PM
Lesley Lambert asked a question on www.AgentGenius.com about BPO’s. I’m not a big fan of the potential liability that exists with doing them. Lesley asked for the commenter’s thoughts and here was my answer:
Lesley,
This is a great question. I suppose there are a few questions that I would ask myself if faced with doing them again
1. Will doing a BPO take away from my marketing time needed to keep the funnel full of serious consumers, that may have a far higher return than this BPO?
2. Does my E and O Insurance cover me for doing them?
3. … (0 comments)
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Observations about Realtors in 2009 - 10/06/09 12:15 PM
NAR Member Profile 2009 While preparing for the first night of our Licensing program, I decided to give the new agents some realities about the Real Estate Industry. To me it's not healthy to introduce a new agent to the business, thinking that everyone is making a million dollars and only working 30 hours a week. While reviewing this information, I decided to use some data from the National Association of Realtors 2009 Member Profile. This book is available for free as a PDF download at www.Realtor.org, under the Right Tools, Right Now campaign area. I've decided to put together … (1 comments)
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Marketing with (free) Picasa for REALTORS® - 10/06/09 12:11 PM
One of the coolest tools I’ve been showing agents has been Picasa. It’s a fantastic tool that’s free from Google and installs on your computer. You can do such much with Picasa that will help your marketing efforts.
Here’s a few of the great elements:
Batch resizing of photos Free website hosting Batch renaming of photos Effortlessly move photos from camera to computer Easily Create a Video Easily Create trendy photo mosaics Watch this video for more!
… (3 comments)
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Matthew Rathbun ABR/M, CRB, CRS, SRS, ePRO, SFR, GRI
Matthew Rathbun
Locust Grove,
VA
More about me…
Coldwell Banker Elite
Address: Fredericksburg, VA, 22401
Office Phone: (540) 455-3350
Cell Phone: (540) 455-3350
Email Me
Matthew Rathbun is the Executive Vice President of Coldwell Banker Elite. After spending many years as a high producing REALTOR®, Matthew joined the leadership team at Coldwell Banker Elite and is now responsible for company operations, staff and agent development.
Matthew serves on a number of local, state and national committees that promote the development of real estate agents and their resources. As a national instructor Matthew has coached and instructed countless real estate agents and brings that experience to our Associates at Coldwell Banker Elite.
Matthew has been awarded the Virginia Association of REALTORS® Instructor of the Year and the Fredericksburg Area Associations of REALTORS® Rookie of the Year, President's Award, Code of Ethics Aware and the Honor "Role" award each year from 2007 to current.
He is an alumnus of the Virginia Association of REALTORS® Leadership Academy.
Additionally Matthew holds the following NAR Designations: ABR, ABRM, AHWD, CDPE, CRB, CRS, ePRO, GREEN, GRI, SFR, SRS
His primary focus is ensuring that our Associates have the best resources and training that could possibly be available to any real estate agent.
http://matthewrathbun.net/
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