reos: Do YOU Know How to Guide Your Buyer in a Distressed Market?
- 04/11/12 02:59 AM
Do YOU Know How to Guide Your Buyer in a Distressed Market? Working with buyers in a distressed market, even on we have been dealing with for quite some time, remains a challenge.
Buyers need to understand the realities of the distressed market, and what these market conditions mean for them, in particular when attempting to buy short sale and REO properties. No doubt many agents have plenty of experience with these issues and know how to assist their clients through the entire purchasing process, including setting appropriate expectations, developing offer strategies, finding the right properties, and qualifying the (2 comments)
Proof of Funds Needed in Order to Show Home Well this is a first…a note in the MLS that proof of funds (POF) was required before a buyer could be shown a home (a short sale). Now granted a proof of funds is important. We see requests for them all the time on REOs and short sales, and itmakes sense to provide them upfront rather than waiting to be asked IMO. It’s also certainly important in a cash transaction to know that the buyer does have the financial wherewithal to purchase the property and to demonstrate this to the seller (17 comments)
reos: I need to Submit a Bank Statement for My Pre-Approval to Buy an REO
- 01/21/11 02:40 PM
I need to Submit a Bank Statement for My Pre-Approval to Buy an REO A recent buyer asked: I need to Submit a Bank Statement for My Pre-Approval to Buy an REO. Can I download a copy of my bank statement from the Internet? You likely have come across MLS listings where you must provide a pre-approval from the REO lender's requested provider to include with your offer. No surprise that it is someone from the bank who is the REO lender. Never fear, this is often easy, and fairly quick to do over the phone or via email, even if (11 comments)
REOs continue to be a significant portion of the Southern California real estate market and many more are expected for the duration of 2011 and in 2011. These classes offere agents an opportunity to learn what they need to know to be effective REO listing agents.
REO 101 will be held on November 5th ~ Cost is only $99 (normally $149) REO 102 will be held on November 19th from 9 (2 comments)
reos: So You Wanna Buy an REO? Are You REALLY Ready?
- 03/10/10 03:14 PM
Lots of Carlsbad buyers are seeking REO (real estate owned; bank owned; foreclosed) properties in our area. True all over I suppose. More so in some areas than others There are some things I like to know when starting to work with REO buyers since they have some hoops to jump through, and I am learning more all the time. Part of this comes from past experiences as well as my own thinking, but also from a recent CRS 111 class and working on my SFR certification.
I decided it made sense to formalize my questions as a starting point (92 comments)
reos: Southern California Chapter of CRS Presents REO 101 and 102 in Oxnard California March 3rd and 17th in Ventura County
- 02/28/10 01:52 AM
Southern California Chapter of CRS Presents REO 101 and 102 in Oxnard California There are two opportunities in Southern California to advance your learning and understanding of the REO market: to learn HOW to obtain more REO listings AND manage them. For only $99 per class (normally $149 per class), with the SoCal CRS sponsorship, you will learn from a local REO expert (Silver Lining Workshops) with hundreds of REO transactions under her belt. Here's some of what you will learn: REO 101: Topics covered included an Introduction to REO Market, foreclosure and MLS Statistics, a 2-hour BPO Breakout Session, terminology, (6 comments)
reos: RealtyClean - Specialized Real Estate Cleaning and Junk Removal Services in Southern California
- 10/07/09 04:15 PM
RealtyClean is a terrific company providing specialized real estate cleaning and junk removal in Southern California, including Orange, Riverside and San Diego Counties (they are growing and may provide services in other areas as well). Agents with short sales or REOs that need lots of help with cleaning and junk removal might well consider the value-add that RealtyClean can provide: Services include: Detailed cleaning and janitorial Window washing AC and duct cleaning Pool, gutter and chimney cleaning Trash out and junk removal Carpet shampooing Pressure washing Crews are licensed and bonded and payments can be coordinated through escrow. RealtyClean will also (9 comments)
reos: REO Classes in Southern California in El Cajon in September
- 08/26/09 10:38 AM
Our Southern California Chapter of CRS is sponsoring another in a series of REO classes in Southern California in El Cajon in September on the 11th (for REO 101) and the 25th (for REO 102 - attendance at 101 is required.
Given the number of REOs in our neck of the woods, having the knowledge to properly handle REOs listings can be a great boost to your business. Our SOCal CRS Chapter has sponsored 4 other sets of REO classes to sell-out crowds of agents since last fall, and this series should be no exception, particularly given the expectation of a (3 comments)
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