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Blog entries tagged with "bank":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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<George Bailey during the run on the bank> 
I was reading the news online and they gave some tips about mortgage brokers. So I have a few comments about these things they pointed out. There are a lot of new brokers in the industry. Interview your broker to see how long they have been in the industry and find … (2 comments)
A few more tips for the Utah Buyer. If you find you still have more questions about how to approach a short sale or foreclosure, please just give me a call, I'd love to help!
As a licensed Realtor in the Central Ohio area, I am concerned for the many homeowners who are facing the very real and frightening circumstance of foreclosure. I have partnered with a leader in the foreclosure prevention industry to help you avoid the possibility of a foreclosure. Most people don't realize … (1 comments)
Flagstar Bank recently achieved Freddie Mac's prestigious 2007 Tier One Platinum performance ranking for excellence in investor reporting and default management. According to Freddie Mac, one of the nation's largest investors in residential mortgages, Flagstar Bank was one of only 24 servicing companies nationwide to meet this standard. Nationally, approximately 1,500 … (0 comments)
Here is just another example as to why you should always have a real estate attorney review your purchase and sale agreement.
Seaport Opportunities: If you are a Developer or Investor of warehouse and industrial properties, we have development sites available near the fourth largest Sea Port in Florida, and closest U.S. deepwater seaport to the Panama Canal, making it a hub for trade with Pacific Rim markets. These sites offer tax incentives, … (0 comments)
What exactly will $400,000 buy in today's housing market?
The patience, guidance, and knowledge of paperwork in a short sale are tenfold to other real estate transactions. When doing a short sale hire a Realtor with experience and have them help you step by step through the tedious process.
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
Good Morning, Thank goodness it's Friday, right? I wanted to send out a quick Thank You to all of you that have joined so far. With the way our industry is right now it's nice to know we are not alone. My boss always says - if being a loan officer … (4 comments)
How Are Scores Calculated?
Money Smarts and Mortgages...
Short sales -- a nightmare if you have to work with an uncooperative lender. We experienced two short sales within the past 3 months. In both cases, the borrowers wanted to work with the bank and did not want us involved with their negotiation process--understandable. With the first client, the bank … (4 comments)
Increased Loan Limits for 2008!The Department of Housing and Urban Development (HUD) released the new FHA and GSE (Fannie/Freddie) loan limits for 2008, which is great news for current and potential home-owners across the nation.Authorized by The Economic Stimulus Act of 2008, which was signed into law on February 13, 2008, … (0 comments)
A "short sale" or "pre-foreclosure" occurs when a bank (or lien-holder) agrees to accept a discounted pay-off of a mortgage. In other words, the bank(s) will release the lien(s) that is secured on the real estate, upon receipt of LESS money than is actually owed. Why would any bank accept less … (0 comments)
Well we had another Short Sale close today and I can't express how good it feels to help our seller out of a tight spot. As they walked out of the closing company office I told them to take a deep breath. They did and now they feel like a great … (11 comments)
This post is to inform those in the South Orange County area about the trends of the market in which they live. For those of you stopping by from outside of this market, this can be a great tool to guage whether or not you would like to explore any opportunities in … (0 comments)
The first big step toward buying your first home is to start at the bank. Find out what you can afford to buy and buy less than you can afford. You don't want to be saddled with a big payment and find that you have no money left for savings, recreation, or an … (6 comments)
Buying a home is a big undertaking. Whether you are purchasing your first home or your tenth, it is still a process that should be done carefully. Many buyers, especially first time home buyers, begin the process by looking for houses, either on the internet or in local papers. While looking … (0 comments)
With Debt and Foreclosures at a new high in our country, there appears to be a need for financial literacy. For many of us, we've heard of the Rule of 72, and I must admit, it's tantalizing to the ears. If you're reading this, and you are unaware of this principle, it's … (0 comments)
If you are moving up in price to your next home then waiting to make that move may cost you thousands of dollars! 
I have an offer on my Condo listing. It is 10K lower then asking price. It is a short sale. I am debating countering on price but I sort of think I want to let the bank do that. I have only had 4 or 5 showings in 2 months. I … (8 comments)
REOs
Buying
an REO in Simi Valley or Moorpark?
I have
bought two in my lifetime. Probably more down the
road. Now that this will be a more regular course in our
business
for a while,
here are some of the
important issues to consider when purchasing an REO.
Who … (5 comments)
I have a transaction that his has now turned to a short sale and have an investor as the buyer. This is a brand new home that has not been finaled, in order to protect my client I wrote in the contract that one of the contingencies was to have the … (3 comments)
Debit cards have become a very popular way to pay for everything from fast food to rental cars. The Federal Reserve reports that debit card transactions have been growing more than 20 percent annually and have surpassed credit card transactions. The appeal is understandable. Debit cards are quick and easy to … (0 comments)
… (0 comments)
Short Sales - FAQs - Frequently Asked Questions - Mission Viejoby John Alesi, Mission Viejo REALTOR®Mission Viejo CA Real Estate
Banks Are Throwing Properties Out Like Trash...For Pennies
The Exeter Group Topics and Show Dates The Exeter Group Real Estate Talk Radio ShowTM is live each and every Monday from 12:00 noon to 1:00 PM Pacific Standard/Daylight Savings Time. Click here to listen live on Monday. Monday, March 24, 2008 Mr. Daniel T. Jackson, president and chief operating officer, … (2 comments)
So I took some clients to auction today, of which we stood in the cold as usual due to a law created in the eighteen hundreds. Which for the first 30- 40 minutes we listened to the trust company read off a huge number of home that the auction was postponed … (1 comments)
You probably know or if not, common sense would tell you that renters who do not pay their rent, are going to be evicted. No landlord wants to have a non-paying tenant occupying their rental space. But what about the people who have always paid on time, are great tenants and … (10 comments)
We have considerable expertise in representing financial institutions in negotiating and drafting the required loan documentation, and in closing a wide variety of residential and commercial real estate lending transactions, including unsecured loans, secured loans, revolving credit loans, commercial finance, trade lines, term loans and asset-based lending transactions, as well as … (0 comments)
When a REO property is assigned to The REO Team, in Hemet CA and The REO Team has determined that the REO property is vacant it must be immediately secured to prevent unauthorized entry and trespassing by either the former occupant or anyone else who may want to occupy the property, … (6 comments)
Bank owned homes are continuing to be a great place to shop these days. Many homes are priced up to and over $200,000 below some recent area sales. The best way to find these great buys is to hook up with an experienced Real Estate Agent/ Broker and call them weekly … (0 comments)
Living in the Central Valley of California, and working primarily in Modesto, the majority of the homes that are for sale are either foreclosures or short sales. Every one in real estate understands what a short sale is, but many consumers are confusing bank owned homes with short sales. 
Do you have a large amount of equity built up in your home? Are you looking to further enhance your financial position? A HELOC may be just the type of financing that you are looking for.
Bernanke Prepared to Cut Key Rates AgainFederal reserve Chair Ben Bernanke told the House Financial Service Committee during an appearance on Wednesday that the Fed is prepared to lower key interest rates again to bolster economic growth. The Fed "will act in a timely manner as needed to support growth and … (0 comments)
3/1/08 
Columbus Realtors grab your tool belts. It looks like the new job in town for REO professionals is called Rehab. I'm not talking board ups and trashouts here folks. We are talking new roofs and all. I'm talking about Realtor = General Contractor. Lucky for me I have been a GC, … (14 comments)
I am about to discuss one of my pet peeves. I don't know about agents in other areas, but this happens a lot around here. I wish more Asset Managers would be aware of this going on and find more honest, conscientious agents to do their BPO and REO work...
If anyone at this point can identify how long it will be until we stop seeing this national epidemic of foreclosures, I’d sure like to know. According to RealtyTrac there was a 57% increase in foreclosure filings nationwide in between January 2007 and January 2008. Also, according to Les Christie of … (2 comments)
I woke up this morning. (Thank God)....and began my daily routine..which one of my first actions are..to turn my computer on...yeah right...I got my priorities in order...in fact,,,if I could use my lap top as a pillow I would..but I'm afraid I would drool on it,,,and die from electric shock...ANYWAY..
Most major banks have implemented a pre-funding audit for all borrowers refinancing or purchasing. What your borrower may not see as a big question could be a deal killer so beware. So far Washington Mutual, Indy Mac and most major banks have impletmented this process and expect it to be a … (5 comments)
If you are facing FORECLOSURE you have options, 
Hey Fellow Realtors:
It is your career and you should give it the best chance to be successful.
If you are facing FORECLOSURE you have options, 
Is anyone nervous about banking industry plans to delay foreclosures? Here in Sonoma County, California the number of REO homes for sale is increasing at a rate of 20-30% per month. In some areas there are so many foreclosures that prices have rolled back to 2002 levels and the banks still can't sell them. Foreclosure … (2 comments)
I had the opportunity to listen to Congressman Isakson yesterday at the Women's Council of Realtors in Atlanta and immediately wanted to pass this along. Please contact your representatives if you support this legislation for the tax credit. Here is the link to the floor statement that you may wish to visit: … (4 comments)
We have Many Bank Repos available at 20% below market- Call 714-241-4532 or visit www.OCRepoBroker.com
According to the Metro Denver main website (www.metrodenver.org) Colorado seems to be weathering this downtrodden market a little better than it's neighboring states. … (2 comments)
For those of you wanting to get your hands on Reno Notice of Trustee Sales (aka Bank Auctions), I just posted up a fresh list of Reno homes that all have had recent filings (Jan 14 - Jan29, 2008) with Washoe County.
Are you making a living or making a dying? I have always thought there is something more to it than "making a living". I had many jobs in high school (BTW it wasn't that long ago). It seems from that I learned that many people are confused, dissatisfied and frustrated about money, no … (11 comments)
