distressed property: Distressed Property Inventory Rising, Prices May Be Decreasing - 07/06/10 08:36 AM
 
In Miami-Dade County, foreclosure sales made up nearly half -- 47 percent -- of all homes sales in the first five months of 2010, according to a new report from Irvine, Calif.-based RealtyTrac, which aims to measure foreclosure sales and their impact on home pricing. In Broward County, 46 percent of all homes sales involved distressed properties.
How scary is this?
Banks became more aggressive this year in taking over foreclosed properties as homeowners in trial loan modifications dropped out or were refused permanent payment reductions.
Are the loan modification really working?
There was an 81 percent increase in … (0 comments)

distressed property: A busload of politicians - 07/06/10 02:13 AM
 
 
A busload of politicians were driving down a country road when the bus suddenly ran off the road and crashed into an old farmer's field. The old farmer heard the tragic crash so he rushed over to investigate. He then began digging a large grave to bury the politicians. A few hours later, the local sheriff was driving past the farmer's field and noticed the bus wreck. He approached the old farmer and asked where all the politicians had gone.The old farmer explained that he'd gone ahead and buried all of them."Were they ALL dead?" asked the puzzled sheriff."Well, some of … (3 comments)

distressed property: Rules Politicians Live By - 07/06/10 02:08 AM
 
An honest answer can cost you the election.The truth is what others will believe.If it's worth fighting for, it's worth fighting dirty for.Don't lie, cheat or steal...unnecessarily.The facts, although interesting, are irrelevant.A promise is not a guarantee.Chicken little only has to be right once."NO" is only a temporary response.You can't keep a bad idea down.If at first you don't succeed, destroy all evidence that you ever tried.If you make a mistake blame it on the other side.Don't confuse people with the facts. Just give them the spin.You can agree with any concept or idea in principle, but fight implementation every … (0 comments)

distressed property: How Government Works - 07/06/10 02:04 AM
 
The government had a vast scrap yard in the middle of a desert. Congress said someone may steal from it at night; so they created a night watchman, and hired a person for the job.Then Congress said, "How does the watchman do his job without instruction?" So they created a planning division and hired two people, one person to write the instructions and one person to do time studies.Then Congress said, "How will we know the night watchman is doing the tasks correctly?" So they created a quality control (QC) division and hired two people, one to do the studies … (1 comments)

distressed property: Inheritance - 07/01/10 12:11 AM
The madam opened the brothel door to see a rather dignified, well-dressed good looking man in his late 40s or early 50s. "Can I help you?" she asked. "I want to see Susan," the man replied. "Sir, Susan is one of our most expensive ladies. Perhaps you would prefer someone else," said the madam. "No, I must see Susan" was the man's reply. Just then, Susan appeared and announced to the man that she charged $2,000 an hour. Without hesitation, the man pulled out twenty one-hundred dollar bills and gave them to Natalie and they went upstairs. After an hour, the man calmly left. The next night … (1 comments)

distressed property: Frequently Asked Questions - 06/29/10 09:35 AM
It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answers. We hope that the following information will help you better understand the circumstances. If you have further questions not addressed below, or would like additional information resources, feel free to Contact me.
Do I qualify for a short sale? The qualifications for a short sale include any or all of the following:
Financial Hardship – There is a situation causing you … (1 comments)

distressed property: You Deserve a Dignified Solution - 06/29/10 08:49 AM
The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected. The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available. To get my free report on all the options and benefits of avoiding foreclosure, fill out the form below and click "Send". If you need immediate assistance, please … (1 comments)

distressed property: Servicers Get Ranked on Short Sales - 06/29/10 08:36 AM
Is there progress among servicers in the short sale world? REO Insider recently reported on how Deutsche Bank ranked top mortgage servicer based on short sale timelines. Here’s how the rankings shook out based on mortgage type and average time to complete short sales. We know there’s progress in the industry (agent education, new processes, HAFA, etc.), and we’d love to know what you think about this:
Prime: 1. GMAC – 6 months 2. Citigroup’s servicing arm CitiMortgage – about 7.5 months 3. Wells Fargo – roughly 8 months
(Countrywide – now owned by Bank of America – had the slowest short sale … (3 comments)

distressed property: Whoops. - 06/29/10 01:53 AM
A lady manager of a large office noticed a new man one day and told him to come into her office.“What is your name?” was the first thing she asked the new guy.“John,” the new guy replied.She scowled, “Look… I don’t know what kind of a namby-pamby place you worked before, but I don’t call anyone by their first name.It breeds Familiarity and that leads to a breakdown in authority.I refer to my employees by their last name only … Smith, Jones, Baker … that’s all I am to be referred to only as Mrs. Robertson.Now that we got that straight, … (1 comments)

distressed property: Why Use A CDPE Agent? - 06/23/10 02:16 PM
The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. As a Real Estate Broker with a CDPE Designation I believe that the best course of action for a homeowner in distress is to speak with a well-informed, distressed property educated, licensed real estate agent. We have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.
Since becoming certified it has helped me help distressed homeowners in half the … (0 comments)

distressed property: Buy Me out - 06/22/10 03:09 AM
A very successful real estate broker had a meeting with his new son-in-law. "I love my daughter, and now I welcome you into the family," said the man. "To show you how much we care for you, I'm making you a 50-50 partner in my real estate office. All you have to do is go to the office every day and learn the business." The son-in-law interrupted, "I hate the office. I can't stand agents." "I see," replied the father-in-law. "Well, then you'll work in the office and take charge of some the paperwork." "I hate paperwork," said the son-in-law. "I can't stand being … (2 comments)

distressed property: Dad will never say - 06/20/10 06:48 AM

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distressed property: Options Available to Avoid Foreclosure - 06/19/10 05:33 AM
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided now more than ever. Your lender does not want your property and would rather have the homeowner find a solution so they do not have to foreclose. The options available are many, including but not limited to short sale. Following is a brief explanation of these solutions:
Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays … (1 comments)

distressed property: Short Sales and Foreclosures Are A Good Investment. - 06/19/10 05:30 AM
There are so many foreclosures and short sales available in todays market, that it couldn't be a better time to buy. If you need a home in a hurry, you might want to think about looking at home foreclosures first; short sales take a couple of months to get an approval in price. If you're in no hurry, a short sale home may be the better option and not take much longer to purchase than a conventional home.
Benefits of a foreclosure will be a better price in most cases. The negative is the property may need repairs that a short sale will … (0 comments)

distressed property: Short Sale VS Foreclosure - 06/19/10 05:23 AM
Buying Again After a Short Sale
If your payments have never fallen behind 30 days late and the lender does not require that you pay back the loan, Fannie Mae guidelines may allow you to buy another home immediately. The wait for an FHA loan is 3 years.
If your payments are in arrears yet a short sale is granted by your lender, you may qualify to buy another home with a Fannie-Mae backed mortgage within two years, regardless of whether the home is your primary residence.
Buying Again After a Foreclosure
With certain restrictions, you may be eligible to buy … (0 comments)

distressed property: Lousy Real Estate - 06/09/10 02:51 PM
A doctor vacationing on the Riviera met an old lawyer friend and asked him what he was doing there.The lawyer replied, "Remember that lousy real estate I bought? Well, it caught fire, so here I am with the fire insurance proceeds. What are you doing here?"The doctor replied, "Remember that lousy real estate I had in Mississippi? Well, the river overflowed, and here I am with the flood insurance proceeds." The lawyer looked puzzled. "Gee," he asked, "how did you start the flood?"
 
 
 
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distressed property: Where Am I? - 06/09/10 02:47 PM
A balloonist is blown off course and is forced to land. He is in a field close to a road, but has no idea where he is. He sees a car coming along the road and hails it.
The driver gets out and the balloonist says, "Howdy! Can you tell me where I am?" "Yes, of course," says the driver. "You have just landed in your balloon, and with this wind you have obviously been blown off course. You are in the top field on John Dawson's farm, 12 miles from Albury. John will be plowing the field next week and … (0 comments)

distressed property: Not A Quitter - 06/07/10 03:24 PM
A guy walks into the real estate office and hands the broker his application. The broker begins to scan the sheet, and notices that the applicant has been fired from every real estate office he has ever worked for. "I must say," says the executive, "your work history is terrible. You've been fired from every real estate office." "Yes," says the man. "Well," continues the broker, "there's not much positive in that." "Hey!" says the guy as he pokes the application. "At least I'm not a quitter."
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distressed property: Signs - 06/07/10 02:36 PM
A broker was dismayed when a brand new real estate office much like his own opened up next door and erected a huge sign which read 'BEST AGENTS.'He was horrified when another competitor opened up on his right, and announced its arrival with an even larger sign, reading 'LOWEST COMMISSIONS.'The broker panicked, until he got an idea. He put the biggest sign of all over his own real estate office. It read: 'MAIN ENTRANCE' 
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distressed property: Reduced! Short Sale Listing In Kendall "The Hammocks" - 06/07/10 02:58 AM

Great community and opportunity for any first time home buyer. 
 
 

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Ed Macias, Miami FL-REO Property Management Multifamily  (Real Estate Teammates)

Ed Macias

Miami FL-REO Property Management Multifamily

Miami, FL

More about me…

Real Estate Teammates

Address: 13301 SW 132 AVE, Suite 210, MIAMI, Fl, 33186

Mobile: (305) 773-8564

REO Short Sale Residential Commercial Property Management


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