real estate education training: Actor Tommy "Tiny" Lister Pleads Guilty to Mortgage Fraud - 09/10/12 01:16 PM
ACTOR TOMMY LISTER CHARGED WITH MORTGAGE FRAUD AND AGREES TO PLEAD GUILTY
By Herman Thordsen  
 
On Aug 31, Tommy Lister, an actor who has appeared in approximately 100 movies, was charged in federal court with conspiring to commit mortgage fraud in a scheme that led to $3.8 million in losses. Lister, who is also known as “Tiny” and “Zeus,” was charged in a criminal information with one count of conspiracy.

A second person involved in the scheme—Arcelia Chavez, a self-employed certified tax preparer—was also charged with conspiracy.
Both Lister and Chavez agreed to plead guilty to the conspiracy … (3 comments)

real estate education training: REO Saturation Rate Falls for First Time in 2012: Clear Capital, REO Institute Topic - 09/07/12 03:37 PM
REO Saturation Rate Falls for First Time in 2012: Clear Capital
By: Esther Cho
While home prices remained little changed, the REO saturation rate fell for the first time this year, according to Clear Capital’s Home Data Index Market report, which included data to the end of August.

The REO saturation rate, which calculates the portion of REO sales relative to total sales, slipped 6.4 percentage points from the previous quarter to 20.5 percent. The drop is the lowest the REO saturation rate has been since April 2008. At its peak, the REO saturation rate was 40.2 percent in … (0 comments)

real estate education training: BPO REO simplified how to work with asset managers Book Release, REOCertified by BrowningRealEstateSchool.com - 05/28/12 08:03 AM
This book provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO (Real Estate Owned), or Bank Owned Distressed Market.

And here is the link to the book ($10.95) itself http://www.buybooksontheweb.com/product.aspx?ISBN=0-7414-6493-4
Here is the eBook ($6.95) listed on Amazon: http://www.amazon.com/BPO-REO-Simplified-Managers-ebook/dp/B0076S53AG/ref=sr_1_2?ie=UTF8&qid=1338324483&sr=8-2
by:

ISBN: 0-7414-6493-4 ©2011
Price: $10.95
Book Size: 8.5" x 11" , 60 pages
Category/Subject: BUSINESS & ECONOMICS / Real Estate
This book provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO (Real Estate Owned), or Bank Owned Distressed Market. … (8 comments)

real estate education training: Hoarder House Nightmare!!! What would you do as a Real Estate Pro??? - 05/11/12 04:09 AM
 Hoarder House Nightmare!!!
By: James A. Browning MRE

Some REO assignments are more interesting than others! Treat all REO assignments the same with professionalism.
The Bank assigned an REO property to Ed; he went to the property for the initial exterior Broker Price Opinion. Upon his arrival at the property, he looked stunned as he viewed the exterior of the building. In the yard, it looked like a cluttered junkyard that had not touched in thirty years. There were a number of refrigerators, stoves, washers/dryers, dishwashers, hot water heaters, furnaces, bathtubs, and other types of appliances. Some of these appliances … (3 comments)