Countrywide and New Vista Asset Management Join Together to Turn Foreclosures Into Opportunities for Home Buyers

CALABASAS, Calif., April 25 /PRNewswire/ -- Countrywide Financial (NYSE: CFC), a diversified financial services provider, and New Vista Asset Management have joined together to find qualified buyers for Countrywide's REO properties. The program is designed to help minimize the impact of foreclosures on neighborhoods by reaching out to consumers interested in residing in these communities.

In the relationship, New Vista's network of real estate professionals who have deep roots in minority communities are assigned the responsibility and will work to ensure that prepared homebuyers, often first-time and minority homebuyers working with New Vista professionals, have the opportunity to purchase REO properties.

Additionally, New Vista and Countrywide will be hosting several community seminars for first-time buyers to educate them about purchasing REO units and obtaining the best financing possible for their situation. These seminars, beginning in Los Angeles and Dallas, will be held in collaboration with community-based organizations and focused on providing consumers the information they need to purchase REO properties. Read the Reat of the Article Here.
 
Posted by Latino Real Estate Community Online on 04/25/2008 08:15 PM   Comments (6)    
Post is included in group: Realtors®
Post is included in group: Marketing and Selling to the Latino Community
Post is included in group: ESPANOL
Post is included in group: Hispanic Real Estate Professionals
Post is included in group: Latino Cafe

6 Comments on Countrywide and New Vista Asset Management Join Together to Turn Foreclosures Into Opportunities for Home Buyers

this sounds like an interesting program for buyers. Hopefully it helps to move the large inventory of REO's.

04/25/2008 08:26 PM by Steve Glose, Keller Williams Central Florida (Keller Williams)

As a mortgage professional, I have found that sharing this information with an experienced real estate agent has been very successful. If I help them apply to do business with Vistaas a real estate broker they are bound to return the favor.

04/25/2008 08:39 PM by Lake City Mortgage

I'm glad they're getting creative with the marketplace. I use them all the time in my town.

04/25/2008 08:44 PM by Mara Hawks, REALTOR®, HOMES FOR SALE in Auburn Alabama Real Estate - Lee County (FIRST REALTY)

Countrywide's reputation has taken big hits recently, so this alliance will certainly help turn things around for it. Should present great opportunities for buyers to be able to purchase REOs and also get mortgage education with the process.

04/25/2008 09:27 PM by Esko Kiuru - Las Vegas NV Mortgage Consultant (Sinifox Financial)

I've been trying to two weeks to get a deal with CountryWide to buy an REO.  They just keep yanking me around changing the offer when I change financing (even though no net change to CountryWide's bottom line).

04/29/2008 12:23 PM by Mark -

Hey Mark, It's lame by they're trying to recoup the losses by financing in house. It'll loosen up soon I'm sure.

04/30/2008 06:04 PM by Ron Domke of Casa Latino--San Pedro (Casa Latino Southern California)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Find FL real estate agents and Jacksonville real estate here on ActiveRain.
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.
© 2007 ActiveRain Corp. All Rights Reserved