reo: I Lost a Buyer to Obamacare! - 11/30/13 01:39 PM
I've had buyers come and go for various reasons.  They have a job change that affects their ability or need to buy a new home.  Or interest rates change and cause them to no longer qualify for what they want.  But yesterday was a little different.
After working with a great couple in their home search for several months and after making offers on 5 different homes, the buyer called and said they are no longer going to be buying a home.  I knew it was just a matter of time before we found the perfect home for them and I … (5 comments)

reo: Real Deals of Real Estate: It's Not All Fun n' Games! - 11/29/13 04:18 PM
Since 2008, my team has worked with over 30 different banks and loan servicing companies and have had our share of dealing with foreclosures.  In fact, in the Inland Empire, I've dealt with more foreclosure assignments than the majority of agents.  It is for this reason that I have a wide variety of experiences.  

I'll share here just a small few of the numerous experiences I've had.
When we receive a new assignment from a bank, the first thing that needs to be done is an Occupancy Check.  My son Ryan and I have done 100's + of these over … (1 comments)

reo: Out of Area Agents, Gotta Love Em...NOT! - 11/29/13 02:57 PM
Over the years, I've encountered listings where the sellers have listed with agents out of the area.  Sometimes, WAY out of the area.  Often times, for some reason it seems that these agents are the most difficult to work with.  Many do not respond quickly to inquiries and often times know anything about the home.  I chalk this up to the fact that they probably have never seen the home.  I also have issues with out of the area agents not servicing the listing well enough simply because of their proximity to the home.  Lockboxes being empty, incorrect keys in lockboxes  and missing keys not … (0 comments)

reo: I need to do a Short Sale. Uh...no you don't! - 11/28/13 03:20 PM
Awhile back, I was contacted by clients who were having trouble with their mortgage payment.  They were current but the inevitable was going to happen as they kept scrimping and saving to pay their bill every month.  Very soon, they felt they would soon fall behind so they called upon me to meet with them and list their home as a short sale.
As I sat at their dining room table, I explained the entire process and went over every detail so they would be fully prepared for the short sale process.  Then they provided me with all the paperwork I … (0 comments)

reo: Foreclosure Prevention Seminar - Part 4.1: H.A.R.P. Refinance - 11/20/13 02:53 PM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.  This particular portion of the seminar deals with one of the various options available to homeowners facing foreclosure.  Options such as the H.A.R.P., H.A.M.P. and H.A.F.A. among others are discussed during the full seminar.  This video deals specifically with the H.A.R.P. Refinance.
Foreclosure Prevention Seminar - Part 4.1: Option #1 … (0 comments)

reo: Riverside a Leader in the Housing Recovery! - 11/19/13 11:43 AM
A recent report by FNC was released showing that the decline in the foreclosure market coupled with the rise of home prices have produced the highest price increase since the so-called "housing recovery" began.  FNC, a software technology company that provides information on the residential real estate market, released it's Residential Price Index which analyzed data from the 100 largest metro areas in the country.  FNC reported that the home prices on a national scale had risen 11% since the start of 2012.  But the increase was much more substantial here in our local market.
In my own backyard, Riverside, California had … (2 comments)

reo: Foreclosure Prevention Seminar - Part 3: How did we get here? - 11/18/13 03:00 PM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.  This particular portion of the seminar deals with a small part of the history behind what brought us to where we are today.
Foreclosure Prevention Seminar - Part 3: How did we get here? (a brief overview of the history of the housing bubble and crash) by Certified Pre-Foreclosure Specialist … (0 comments)

reo: Market SnapShot 11-17-13 - 11/17/13 03:28 PM
The Local Market Snapshot: 
RIVERSIDE - 1,297 homes currently listed for sale.  In the past 30 days, 278 homes closed escrow.  That means 21.43% of the available homes sold in a 30 day period.  That roughly translates into a 4.7 month supply of homes.
MORENO VALLEY - 779 homes currently listed for sale.  In the past 30 days, 167 homes closed escrow.  That means 21.44% of the available homes sold in a 30 day period.  That roughly translates into a 4.7 month supply of homes.
CORONA - 906 homes currently listed for sale.  In the past 30 days, 204 homes closed … (0 comments)

reo: A Tale of Two Appraisals - 11/15/13 01:04 PM
When it comes to that point in the transaction that the appraiser has to come out to the home to do the appraisal, I always
arrange to meet them there. I've always done this for a number of reasons, and I train all my new agents on the same process.
It has worked time and time again to help the transaction go as smooth as possible. I'm often amazed at the various different reactions I receive from appraisers when find they have to meet me. Recently, I had
two different reactions from two different appraisers on two different properties.  The first … (2 comments)

reo: Foreclosure Prevention Seminar - Part 19: Legal Ramifications - 11/12/13 10:42 AM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.
Foreclosure Prevention Seminar - Part 19: Legal Ramifications, presented  by Certified Pre-Foreclosure Specialist & Realtor, Ray Wright
                                                          
I've represented numerous banks at Unlawful Detainer court hearings as well as with numerous Sheriff's Lockouts on bank owned homes (REO - Repo Homes).

This is a portion of … (0 comments)

reo: Home Sold in 9 Days for $22,000 Over List Price! - 11/06/13 03:51 PM
I usually don't blog about homes that are already sold.  I like to speak about the ones Ineed to sell in order to increase the activity and interest.  But now that this home is sold, I need to ask, no...beg for others to sell their homes as well.  When this home sold, I had multiple offers.  Unfortunately, I still have several buyers who need homes and can't find them. 

On this same block are several homes in the foreclosure process.  I know from experieince that most of the owners will probably end up losing their home completely.  And nearly all … (0 comments)

reo: Foreclosure Prevention Seminar - Part 15: Sheriff's Lockout - 11/01/13 03:01 PM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.
Foreclosure Prevention Seminar - Part 15: Sheriff's Lockout, presented  by Certified Pre-Foreclosure Specialist & Realtor, Ray Wright

I've represented the bank with numerous Sheriff's Lockouts on bank owned homes.

This is a portion of the seminar, which was held in Riverside, California on July 9th, 2011.

(0 comments)

reo: Foreclosure Prevention Seminar - Part 14: Unlawful Detainer - 11/01/13 02:46 PM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.
Foreclosure Prevention Seminar - Part 14: Unlawful Detainer, presented  by Certified Pre-Foreclosure Specialist & Realtor, Ray Wright.

I've represented the bank in hundreds of Unlawful Detainer court hearings throughout multiple counties and have conducted numerous Sheriff's Lockouts.

This is a portion of the seminar, which was held … (0 comments)

reo: Foreclosure Prevention Seminar - Part 1: Welcome & Introduction - 10/29/13 06:23 AM
Check out the video below which is part of a series of videos recorded at a Foreclosure Prevention Seminar I spoke at.  The seminar dealt with options to avoid foreclosure and included info from other top industry professionals speaking about Loan Modifications, Short Sales, Bankruptcy Law, Credit as well as other topics.
Foreclosure Prevention Seminar - Part 1 Welcome & Introduction by Certified Pre-Foreclosure Specialist & Realtor, Ray Wright

This is the beginning Introduction portion of the seminar, which was held in Riverside, California on July 9th, 2011.
To get the most up to date information on avoiding Foreclosure, contact Ray Wright … (0 comments)

reo: Ben Kinney Auctions a Seat off For KW Cares! - 02/24/13 10:01 AM
Ben Kinney of Keller Williams Realty of Washington gave a training session to Realtors at the 2013 Keller Williams Family Reunion. It was standing room only and numerous agents were sitting in the isles. Ben began an auction for a seat at the front table and the bidding started at $100. The outcome was phenomenal.All proceeds from the auction went to KW Cares. KW Cares is a 501(c)(3) public charity started by Keller Williams to raise money in order to provide emergency assistance to it's KW members in need as well as support for other charities and causes.
Check out the … (1 comments)

reo: Cash-For-Keys: To Sign Or Not To Sign. - 01/29/13 01:41 PM
Over the past several years I've had the same discussion with numerous repo occupants over the Cash-For-Keys agreement.  So today, after having that same discussion with the occupant of a newly assigned REO property, I  taped a brief video on the typical discussion.  You can see the video by clicking on the following link:
http://youtu.bejavascript:mctmp(0);/kl71P72RnG4
(2 comments)

reo: Market Snapshot for Riverside - Yearly Cycle - 04/11/12 04:18 PM
When you place this info in a graph such as this, it becomes very eye-opening!   Riverside Inventory and Median Home Price Riverside Real Estate on Movoto … (0 comments)

reo: Occupy Vacant Repo Homes! Starts TODAY! - 12/05/11 07:16 PM
 
Quite a few news organizations are reporting that the occupy folks are planning on a new way to bring attention to their cause.  Occupying vacant repos.
 
According to Miranda Leitsinger in a recent msnbc.com news article,
 
"Occupy protesters and housing rights activists are planning to help families resist eviction from foreclosed homes and take control of  vacant properties in some 25 U.S. cities on Tuesday,  an effort aimed at focusing attention on the ongoing housing crisis and giving the movement a new focus after the dismantling of many of its encampments."
 
Personally, I beilieve there's already quite … (1 comments)

reo: Former Owners Break In & Squat in Their Former Residence. - 12/05/11 06:47 PM
I recently received a call from a gentleman that lives next door to one of our listed repos.  He advised me that the former owner of the listed home had removed our sign, and had moved back into the home.  I had a hard time belieivng it.  We had completed an eviction over 6 months prior in this was an upscale gated community with pride of ownership.  I didn't think something like this would happen here, however when I stopped by the home to inspect, I found the sign gone, the window posts removed, sheets hanging in the windows and the … (3 comments)

reo: FREE Foreclosure Prevention Seminar! July 9th, 2011 - 06/23/11 08:01 PM
In today's troubling times, we all know someone hurting or in need. If you know someone who is facing foreclosure, please pass this information along to them.
Certified Pre-Foreclosure Specialist Ray Wright will lead a panel of experts at a FREE seminar discussing options to avoid foreclosure. Whether you’re facing a job loss, reduction in pay, have medical bills or just got caught in an adjustable mortgage, there’s help for you. This FREE seminar will explain alternatives for avoiding foreclosure and give hope for the future.
This FREE seminar will cover the following topics & more:
* Mortgage Forbearance * Loan … (1 comments)

 
Ray Wright,  SoCal Realtor - A.L.C. - Company Trainer & Coach (Keller Williams Realty)

Ray Wright

SoCal Realtor - A.L.C. - Company Trainer & Coach

Riverside, CA

More about me…

Keller Williams Realty

Address: 7898 Mission Grove Pkwy. So., Suite 102, Riverside, CA, 92508

Office: (951) 776-5724

Mobile: (951) 312-3133

Search All Homes Available for Sale and Get Real Estate market updates and other information of interest to those buying and selling a home. Visit me on the web at: http://www.RayWrightSellsHomes.com Click on the link below to find help to avoid Foreclosure: http://www.ForeclosurePreventionSeminar.com


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