Time For Education Unification! - 01/28/10 09:00 PM
Got an email today that the REO Insider is joining Real Estate Educate to form Open Door Institute, an organization committed to connecting professionals that buy, sell, and manage distressed residential and commercial real estate.  They say they are creating this alliance to "focus on setting meaningful industry standards and providing networking opportunities for real estate professionals conducting business within the REO industry."
Please tell me that this is not going to result in yet another mandatory course or designation that we, as REO Brokers will be required to take to qualify to do business. 
With every email or blog post … (7 comments)

The BEST REO Contact/Transaction Management Software -----eBrokerHouse.com - 01/28/10 11:55 AM
As Agents we are always looking for technology that helps us work more economical and efficient.  I think I have found something that might interest you.
I have used a lot of Contact/Transaction Management programs thru out my 15 years in the business, but I've been pretty committed for the past 6 years, until I found eBrokerHouse.com. Up to now, I truly had not found any one program out there that works like today's Agents work. 
As Agents we work with Short Sales, so does eBrokerHouse! we work with BPOs, so does eBrokerHouse! we work with REOs, so does eBrokerHouse!  
… (6 comments)

FHA Suspends 90-Day Flipping Rule - 01/17/10 01:31 AM
Yesterday HUD Secretary, Shaun Donovan announced that they will temporarily remove the 90-day restriction on flipping properties. This change in policy will take effect on February 1, 2010 and is effective for one year and will have conditions and guidelines, all of which are quite reasonable.
To read the full HUD press release please visit:
http://bit.ly/8HUA7X
To see the actual HUD waiver visit:
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf
This information is spreading over Investor websites like a tidal wave. It's great news for investors, but who really wins here?
… (2 comments)

Inland Empire Market Forecast 2010 - 01/03/10 11:14 PM
Battered by an economy in crisis with real estate, suffering through record financial losses, unemployment rates ranging as high as 30% and rising bankruptcies  . . . California is facing the worst economic downturn since at least the Great Depression.   
However, 2010 may find some areas in California's housing market on the brink of a turnaround.
In Los Angeles, pushed by the federal government's first time home buyers' tax credit, home prices are inching up as sales rise. The free-fall in housing prices has seemed to level out somewhat.  Unfortunately, the glut of REO properties in the foreclosure pipeline is … (0 comments)