reos: Mega camp is special! Gary keller is great! I am honored!
- 09/21/11 12:12 PM
Just leaving Austin Texas from the Keller Williams Mega Camp event! Gary Keller is such a visionary! Over 10,000 agents all of like mind and/or want to be like mind. Great information! Biggest thing I know is I know so little. Real Estate agents I challenge you no matter the trainer, get into some consistent progressing coaching and/or training. Buyers and sellers DEMAND your real estate agents are cutting edge, trained and in tune to the market place. Hey who here would like to go to a doctor that has not updated his or her education since 25 years ago when … (0 comments)
reos: It is time to really make a decision on the loan mod to short sale process
- 08/30/11 08:57 AM
Families are in need. Banks are really starting to move past the loan modification section to short sale to foreclosure and its going to move faster. We are helping families. If you know of someone needing help. … (0 comments)
reos: What are you grateful for? What gets you going?
- 04/13/11 04:55 AM
In times of uncertainty and with nothing but negativity around us, it is easy to get sucked into things. I wrote myself a list of 10 things I am grateful for. I would suggest you do the same. When you are having a really bad day, LOOK AT YOUR LIST! Keep things in perspective and remember no matter what you are going through IT TRULY IS A GREAT LIFE!
TOP TEN THINGS I AM MOST GRATEFUL FOR
•1) My wife and my children. These are my rocks and my big WHY. •2) My personality and ability to … (2 comments)
reos: Just some latest real estate viewpoints
- 03/21/11 05:40 AM
Good morning: A couple of updates we are noticing in both the mortgage side and the real estate side in the market. First of with mortgage: You may have noticed the volitale fluctuation with interest rates. Most of that is due to the world events etc....but the overall trend is upward. FHA which is I find to be the biggest player in the market place is raising there mortgage insurance as of 4-17-2011. This comes after a previous increase a few months back. In addition there is TALK the down payment requirements may be raised from 3.5% to 5%. Normally … (1 comments)
reos: I havent paid my mortgage and the bank is not foreclosing, they are too busy
- 11/21/10 12:12 PM
I was on a couple of important calls (at least they were advertised as important) from an asset manager firm on REO's and then a separate one on short sales. Both the calls had the same message. MORE INVENTORY HAS TO COME, and banks are going to be more aggressive with foreclosure, short sale process. There are alot of loan modification in process and truthfully they are not going to be successful. There are many theories and I have mine, but the bottom line is IT HAS TO CLEAR OUT. If you are a homeowner, and you are waiting in a … (3 comments)
reos: Banks arent foreclosing.....I get to keep my house!
- 10/15/10 06:29 AM
So there is a freeze on foreclosures in SOME states. One major lender has frozen them in all 50 states. Does that mean my foreclosure will be halted, and the bank is NEVER going to take my home? NO IT DOES NOT! What is happening can be a good thing for families, IF YOU TAKE THIS TIME TO MAKE A PLAN. Please do not sit, wait and watch. If you are behind on the payment, SAVE MONEY! Save everything you can! If you were doing a modification, BE REAL PERSISTENT, AND DO NOT GET FRUSTRATED and if the best alternative for … (4 comments)
reos: So you havent paid your mortgage for a year or more.....WHY SWEAT IT NOW?
- 10/05/10 07:32 PM
So you havent paid your mortgage in awhile, and the bank has done nothing about it. Why should I sweat it? HERES WHY! by Elgin Walker's Real Estate Cafe on Tuesday, October 5, 2010 at 11:25pm Your note has been created. I understand you have been in your home a while and not making payments and nothing has happened. I know you have gone through the "loan modification" game, and still negotiating, making trial payments or whatever and nothing has happened, so you say to me why should I do a short sale? It will be years before they get me … (4 comments)
reos: Any good real estate investments in residential? Do you like postive cash flow?
- 08/01/10 03:10 PM
I get asked this questions alot. First reply is what is a "good" real estate investment to "you?" You need to define this first. To some it would being able to buy a property quickly sell it and make a profit. If that is the case what is the percentage of "PROFIT" you need to make to call the investment a success? The type of investment I will discuss today though is obtaining positive cash flow. In my opinion if you are looking to create positive cash flow from real estate it is strickly a numbers game. Yes location and area … (1 comments)
reos: STILL WAITING?
- 06/29/10 07:23 AM
Still waiting for that "flood" of foreclosures? Still waiting for interest rates go lower? Still waiting for the market to bottom? If you keep waiting you are going to miss another great cycle of real estate! Despite all the media, public, political noise. The economy is better. Better does not mean great or solved or anything. It means better than it was. Stock market is better. Sales in real estate is better. Consumer confidence is better. Right now interest rates are as close to FREE as you are going to see, and if you havent noticed prices are stable and in … (1 comments)
(these are quotes from the report)-Almost 300,000 borrowers granted permanentLoan Modifications, an increase of 68,000.-The month of April saw a 13% increase inPERMANENT Loan Modifications grantedover March... (13% increase in just 1 month)-Borrowers in permanent modifications areexperiencing a median payment reduction of36%, more than $500 PER MONTH......But wait, there's even MORE...100% of the time they reduce the interest ratein the HAMP program.28.6% of the time they reduce the PRINCIPAL...22.9% of the time they modify the loan whenit … (0 comments)
Currently many banks are using every underhanded / evasive tactic to either ignore mod requests OR put so many obstacles in the home owner's way ...that they simply give up.
Here's are the latest tactics/ obstacles and a possible ways to combat them.
Tactic 1
"We didn't receive your package"
This is the most common delaying tactic is when the lender is able to convince the home owner … (0 comments)
reos: Some feel we are at the bottom. Are we?
- 06/01/10 04:17 AM
Giving you a brief update on our market place. The good news is we are selling homes! The number of sales in most areas I service are up from this point last year. In a lot of areas there has been an increase in market value compared to last year as well. Are we at the bottom? I don't know, but I do know financing is still difficult to get. There are fewer homes available right now. Most people ask why that is. All of the foreclosures I hear about, and all the people I hear are upside down, loosing job … (0 comments)
Helping buyers and sellers in the Santa Clarita and San Fernando valley, all through Valencia, Castaic, northridge, granada hills. Goal is to provide good information and promotion for customers to make good decisions for their familes. www.thewalkerteam.info
www.theelginandpilarwalkerteam.com
www.elginwalker.com
Come by and visit me tomorrow at Lazy Dogg! I will answer your real estate questions if possible or at least have stop by and say hello! … (2 comments)
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