foreclosure: Greatest Real Estate Stories Ever Told
- 06/16/11 12:17 PM
Members of NFSTI have a very unique opportunity to go down in history by telling their true, uncut stories from the field. There’s still time to be a part of a National Bestselling book based on the real lives of real estate agents. Stories include: A client who jumped out of a penthouse balcony during a showing. An agent’s first sale: $43,000,000 (and he was on both sides of the deal) An agent who closed $110,000,000 in sales (in one day!) An agent, who mistakenly let out the Seller’s dog, only to bring back the wrong dog. Home buyers race … (2 comments)
foreclosure: Drive REO Asset Management Traffic Your Way. Own NFSTI
- 05/27/11 10:18 AM
You are being notified of the public auction of www.NFSTI.com and all of it's components due to your relationship with it's current owner. All interested parties of this business have 10 days to bid. No side deals will be made. Please use the following link to view the listing:https://flippa.com/140691-5-letter-domain-real-estate-social-network-2300-users-6-5k-net-first-5-mos?sms_ss=gmail&at_xt=4de011a95c78f3c3%2C0 This online social network is a sure-fire way to rapidly drive much-desired REO, BPO, and default servicing traffic and knowledge your direction. Acquisition and maintenance will be standard protocol. All transactions will take place within 3 business days of final bidding. Sincerely, Dan Waterman … (0 comments)
foreclosure: 2011 REO Guide to Success
- 05/17/11 07:28 AM
We've developed the 2011 REO Guide to Success. Here is a brief synopsis. Members of NFSTI can go download it free at www.nfsti.com
… (0 comments)
foreclosure: NFSTI Inspired Me to Try Something New
- 11/30/10 08:05 AM
Earlier this year (2010) I started to consider the idea that a fee-based membership for NFSTI would no longer be advantageous to the real estate community. The economy was going into the dumpster, it was more and more difficult to close deals, and the shadow inventory of foreclosures was steadily growing. Since NFSTI had accumulated a lot of REO and default servicing training material over the years I decided that the best thing to do would be to open up the membership and allow members to explore the inner workings of what used to be for members only. This brought about … (0 comments)
This week the BPO University, based in Bellingham, WA, announced that it will host its first of many continuing education-approved BPO Course. This is a giant step for the company and for real estate agents alike. Historically BPO courses were expensive, somewhat haphazard, and offered nothing in the way of education credits which are mandatory in every state in order to keep licenses active. This all changed thanks to the arduous efforts of one woman - Nicole Ocean.
In 2006 Nicole recognized the need for higher learning in the BPO (Broker … (0 comments)
foreclosure: Social Media Insider Tricks
- 06/02/10 08:38 AM
As some of you know I've been pumping up the social networking thing since 2006(ish) and have seen many brokers look at me the same way that my dog looks at me when he hears a sharp noise. Something told me years ago that this was an amazing way to grow business...and it just so happens on this subject I was right. The idea of cold calling, farming, and repeating my thoughts over and over again was unappealing. Maybe I was a bit on the lazy side...I don't know, but I'm thankful in hindsite. Here we are, in mid-2010 and Twitter, … (0 comments)
foreclosure: Want Some New Escrows?
- 05/27/10 05:59 AM
Would you like to know how to pickup new escrows with very little work? I am starting to use a system called www.OfferRunway.com and there is a setting on each listing that an agent can choose to send the selling agents' contact information to a title officer when a selling agent places an offer.
OK, so imagine a selling agent placing an offer on a property working with you and they enter their offer online through the aforementioned site: www.OfferRunway.com. Now imagine the contact information of the selling agent coming directly to your email or Black Berry (or in … (2 comments)
foreclosure: New Asset Management Platform Redefines Default Servicing
- 05/26/10 07:14 AM
I have a friend and colleague who always finds himself in the middle of cutting edge technology and projects that seem to redefine the REO and related industries. Over the past few months he's been telling me about a project that he's helping out with that will "revolutionize how BPO's are done." This is something that perked my ears since I love geeky tech stuff AND have always thought that the entire BPO/REO side of real estate needed a complete overhaul to help get caught up to the current tech-savvy era. Fast forward a few months to this past week. My … (5 comments)
foreclosure: Writer for New York Times Cashes in on Hard-Working REO Agents' Reputation
- 05/21/09 06:43 AM
For those of you (like me) who just caught wind of this, let me clue you in on the back story of an article that was written in April 2009 in the New York Times titled: Homeowners’ Hard Times Are Good for the Foreclosure Business. First of all, let me start by saying that not unlike most professions in the world, media has the ethical and the not-so-ethical in its profession. In this case, it appears to be the latter.
REO is a niche within real estate that aligns itself with default servicing companies and lenders. The duty of the … (0 comments)
foreclosure: Slow Trickle of REO Assignments: How Tough are These Times?
- 05/11/09 01:20 AM
First off, I hope that everyone is having a great week and month so far. Amidst the tough economic times it's easy to forget the positive aspects of life. For a starving child in Mozambique 1 meal of rice and beans shared by a whole family is a great day. For a village in Sierra Leone to have education for their children is a miracle. Others in China pray that they won't be martyred for expressing their religious faith today.
I guess "tough times" becomes a relatively less painful term when you value what you do have and hold … (4 comments)
foreclosure: Get an REO Coach: Edge up on Competition
- 05/06/09 06:49 AM
Every Wednesday and Friday I pay extra money to have a personal trainer whip me into shape. For over 20 years I have been an endurance athlete with an above-average amount of discipline. I was a swimmer for a nationally ranked high school (an article that I wrote a few years back about my experience), a gold medalist in the Arizona State Games at the cycling crit, a triathlete, backcountry snowboarder...you get the picture. Then why the extra money to pay a personal trainer? I'll tell you why - I want to be pushed further than I can push myself. I … (4 comments)
foreclosure: Get More REO Secrets Than Regina Brown at A3: New REO Course for Under $100!
- 04/30/09 03:57 AM
In a recent ActiveRain blog article by Regina Brown, she mentioned her experience at a recent REO workshop in Los Angeles which equipped her with just about everything she needed to get an edge-up on her competition. She dropped a couple of hints about BPO automation, auto-acceptance, marketing, and leads. What she didn't tell you was all of the insight that she received from 2 current all-star REO specialists and 1 asset management consultant with over 20 years of experience in default services (here's a quick mention).
In June we are launching a new course called the A3. The … (2 comments)
foreclosure: REOMAC 2009
- 04/06/09 06:46 AM
The REOMAC conference is going on right now and I'm stuck in NY!!! Luckily I (Dan) am getting like Tweets (Twitter is the latest rave for people in the web 2.0 movement) from my connections who are attending the conference. It's pretty amazing that I can be here working away on our latest course material and marketing away while they are building relationships in Palm Desert for NFSTI. Networking is what it's all about. The events, courses, and guest speakers have all been exciting (give or take a few) from what I've heard, but it's after hours in the bars, lounges, … (6 comments)
foreclosure: NFSTI Grows: Twitter, Continuing Education Credit, Pre-License Courses, and More
- 03/10/09 04:25 AM
NOTE TO NFSTI READERS: I’ll be brief and to the point as I’m preparing to pack and board my plane to Las Vegas for the NFSTI 2-Day Event called A2Z2. We’ve been doing this event for almost 1 year now and it’s year 3 for live seminars in general. I feel that it’s finally getting to the point where we are actually bringing on the competition to the big guns - DSNews/Five Star, REOMAC, NRBA, NAR. What we’re offering is a world away from their offerings. First of all, we have been “Twittering” for the past few months now and … (0 comments)
foreclosure: MBA Announces Record High Foreclosures & Pre-Foreclosures
- 06/16/08 03:47 AM
As we continue to watch the statistics rise in foreclosure, patiently waiting and wondering when the the crest of this tsunami will rise to it's highest potential, we are only able to determine one thing - the crest is not upon us. Recently the MBA (Mortgage Bankers Association) announced that the overall delinquency rate, number of loans entering foreclosure and the number of foreclosures in inventory are at new highs after Quarter 1 2008. The numbers go as follows: 8.82% of homes loans are >30 days past due. 6.35% of loans were past due on a seasonally adjusted basis, up 151 … (1 comments)
foreclosure: Fannie and Freddie S&P Report
- 04/21/08 09:49 AM
Freddie Mac(FRE) and Fannie Mae(FNM) were recently the target of a Standard & Poor analysis report which painted a somewhat grim picture. The report, headed by analyst Victoria Wagner, indicates that FNM and FRE are both facing a possible hit from the mortgage meltdown. The report was recently released as FNM and FRE hid behind the government stating that the report was “just a scenario analysis, not a prediction…Freddie Mac remains a well capitalized company. If FNM and FRE were to require a government bailout, the numbers would be astronomical. According to S&P, the worst case scenario - $1.1 trillion dollars … (0 comments)
foreclosure: Foreclosure Listings (Properties) Owned by Countrywide REO, Unity Bank & Others
- 12/31/07 06:58 AM
For real estate professionals with clients (or perhaps you are the client) that are looking for some of the hot bargains in real estate on a national scale, there are some great sources that exist allowing you to seek out foreclosure listings directly from the banks. The following is a short list of these websites to help you locate these listings: http://www.countrywide.com/purchase/f_reo.asphttp://www.unitybank.comhttp://www.all-foreclosure.com/foreclosures.htmhttp://www.buybankhomes.com/http://www.researchforeclosures.com (under construction)http://www.bankproperties.com (due out Q2 2008)http://www.realtystore.com/ Hopefully this gets you started. Also, there are ways to seek out all listings (since there are many non-foreclosure listings that are incredibly good bargains) for free as well. Here is that list: … (0 comments)
foreclosure: Real Estate Boom? Again? (Article from Rob Swanson)
- 12/31/07 06:57 AM
For those of you unfamiliar with Rob Swanson and the Real Estate Investor Group & Signil Wealth Network, Inc., they are quite easily one of the greatest sources of real estate investment information out there. Rob teaches several classes throughout the month, many of which you can attend at little to no cost. Here is a recent letter he sent out regarding the upcoming real estate boom: “Is there another real estate boom just around the corner? You bet there is. Are you ready? There is one major difference in the upcoming boom from the last. Last time the boom gave … (0 comments)
On a weekly basis I get to live out my dream job. I go into training facilities around the nation within real estate brokerage firms and teach classes on marketing, technology, and the processes of foreclosure real estate. Typically I begin the class by introducing myself, my company and my credentials. Shortly thereafter we move into the introduction to REO portion of the course. Once I've determined the general knowledge level of the participants I either move into more complex aspects of foreclosure real estate or spend a bit more time getting … (0 comments)
foreclosure: Sen. Clinton Requests Moratorium
- 12/27/07 06:00 AM
Early this week Sen. Hilary Clinton announced her stance on the national foreclosure epidemic. With the elections coming up soon it is only a matter of time before all candidates offer their opinion on what the country should do about the hurricane known as REO. Sen. Clinton’s opinion is a multi-tiered exit strategy for the overwhelmed bank industry. A moratorium has been suggested in the form of 90 days on subprime loans that are owner-occupied coupled with a 5-year freeze on all subprime ARM’s (Adjustable Rate Mortgages).It’s difficult to say whether or not this will help the problem that our country … (2 comments)
Members of NFSTI have a very unique opportunity to go down in history by telling their true, uncut stories from the field. There’s still time to be a part of a National Bestselling book based on the real lives of real estate agents.
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