A Funny World (24): Market Value Freeze, or Market Free Trade? - 01/26/08 09:25 AM
In response, I am enclosing herewith is a post for you guys' reference: As I said in the main article A Funny World (23): Mail Your Keys In and No Foreclosure Record Out?: Homes being foreclosed are growing steadily and strongly while the normal transaction is rapidly shrinking, if not down to zero. The former … (3 comments)
A Funny World (23): Mail Your Keys In and No Foreclosure Record Out? - 01/23/08 08:59 PM
01-23-2008 21:00 Three Notes on Housing 1) One part of the story that does not get much play is the demographic story on real estate. (Note graph.) Baby boomers will try to cash out of homes to fund their retirement. Now, that effect will vary by region, because oldsters will want to live … (4 comments)
A Funny World (22): Pragmatist or Moralist? - 01/23/08 12:27 PM
01-23-2007 The Economics of Second Liens Rich Shinnick 12:57 PM Sun Jan 20thFelix, It may very well be prudent to draw against your HELOC if you anticipate needing the money and are worried, but implying that people should do it because they will only have to pay back 10% is a little mis-leading … (0 comments)
Wells Fargo Took the Lead in REO Market - 01/20/08 11:17 AM
No Bank Update Its REO Operation In CyberspaceKeith, thank you for your reply.You're starting your RE auction business. Well, you are a little bit late in this field, but not too late. There are someone dominating the market share. The major one started at least 3 years ago. They are great to … (7 comments)
A Funny World (21): Very difficult to write up an offer, isn't it? - 01/19/08 09:47 AM
A Funny World (20): Don't Blame Me, Blame WAMU?A Funny World (19): Can Agents Refuse Receiving Offers or Not? 01-19-2007Gee! It is very difficult to write up an offer, isn't it? In the past 11 days, I have tried and spent a lot of time to buy a REO listed with an … (6 comments)
A Funny World (20): Don't Blame Me, Blame WAMU? - 01/15/08 09:44 AM
BEWARE! The Worst Lender EVER to deal on Short Sales Washington Mutual-WAMU 01-15-2008 Wamu is no different than a regular seller. Both of them are ignoring the reality that housing price dramatically goes down, by somebody feeding them wrong ideas. Look at NAR website, we can find so many listings in San Gabriel valley, … (4 comments)
A Funny World (19): Can Agents Refuse Receiving Offers or Not? - 01/14/08 01:43 PM
BPO companies that turn into REO listings Does anyone here feel a bit like they are being used by doing BPOs for $50 a piece? .............. I always spend a great deal of time and effort on determining the value. It seems like a catch 22--we do the BPOs with the … (0 comments)
Who Cares You Want to Be Easily Controlled? - 01/10/08 02:06 PM
A Funny World (18): A Creative Profession or A Losing-control One? YOU MY FRIEND HAVE TO MUCH TIME ON YOUR HANDS, SIGN THE DOCS AND GO ON, FOR AS LONG AS IT TOOK YOU TO WRITE YOUR RANT YOU COULD OF SCANNED AND EMAILED YOUR OFFER 01/09/2008 09:26 PM by Delete … (0 comments)
A Funny World (18): A Creative Profession or A Losing-control One? - 01/09/08 09:02 PM
01-09-07 My fellow agents,Today I would like to show our fellow agents how we, as a professional specialist, have tried to complicate a simple real estate transaction under the influence of legal profession. Our ancestors did their real estate transaction in a simple and costless way. Twenty years ago, we used a two page California state … (4 comments)
No Bank Update Its REO Operation In Cyberspace - 01/03/08 02:57 PM
As a savvy real estate investor, I will say IMB is very foolish and conservative in its REO operation.IMB is the one who has been more willing to put out more REOs in its website than others. However, nobody in financial service is taking the advantage of Internet to treat its … (5 comments)
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