Its been a month or more since I was here last. There was a time when Active Rain was the first click of the day..
What happened??
Mainly, I took time that I was spending here and went to go make some money. I continue to come back to the Real Estate market with a sincere hope that its time to start spending some time getting back actively involved.
The primary topics here seem to be Short Sales and the process of not getting deals done.
I know too many good agents … (6 comments)
mortgage meltdown: A look 2 years back..Mike Norvell
- 09/29/09 02:13 AM
Here is a post from 2 years ago I wrote....I was on my way out at that time of working "regular Real Estate" Nice to see that I havent changed that much in the last few years..... PS...I dont even take listings anymore.... Lets Act Like Proffessional Realtors (edit/delete) Hello All,With prices continuing to fall, and the mortgage industry all but drying up, we had better just spend our time listing homes that will pass inspections and appraisals. Our job as Realtors is continuing to evolve into total consulting position with a well rounded understanding of the entire home buying, financing, … (4 comments)
mortgage meltdown: Should Home Owners be Judged for "Strategic Defaults"
- 09/29/09 01:36 AM
Is there a real moral question about home owners doing "Strategic Default" foreclosures....what choices do they have. Why should the homeowners pay for 30 years to cover the sins of an industry that got bailed out... \ If there is a real poll taken, we would have to be careful of the questions and the persons being called. When it is your house, or someone in your family, suddenly the whole situation is looked at differently. If we take the investors and flippers out of the equation, then we are left with the actual homeowners who have unfortunately got caught … (0 comments)
Over the last 20 years I have been involved in well over 100 remodeling jobs. Quite a few of them were my own deals. Trust me, nothing teaches you fixer-upper math like spending your own money. More recently, I have been involved in the decision making process attatched to buying and remodeling REOs and foreclosure homes, and most recently, short sales. I don't claim to be the final decision maker, just have been in the loop. Some of the decisions I have seen are based on guesses, based on some whim or wild estimate that does not take simple … (5 comments)
Its another Busy day at the office Of Blount Development Group. And we are proud to announce that we are finally direct to several banks, and have created quite a contact list.We are working with quite a few attorneys now from accross the country, it seems they hold the keys to many of the distressed assets. Our new website at www.AssetsClearingHouse.com has brought in another few leads from buyers agents looking for the elusive REO properties. We are also dealing in NPS and other Notes, but that is another story.
You know, the ones that can be … (2 comments)
mortgage meltdown: My Crystal Ball is in Focus A Blast from the past
- 09/23/08 11:55 PM
Changes In The Business, The Rules, The Players (edit/delete) I see many things are changing. Be careful of the banks, what will happen when they cannot balance thier sheets any more. When banks MUST start dumping the foreclosures....when the FED can't cover.... Who will the banks turn to when the FED Can't cover...Who will the FED turn to when it can't Cover. I read today that the new numbers are 6000 new foreclosures being filed EVERY DAY. Remember when I was posting about lowball offers and getting Flack??? Yesterdays lowballs are todays current pricing. What will todays lowballs mean by next … (1 comments)
*************************************************** Update.....Due to the responce on this post, have contacted our local board and told them I will be forwarding these replys on for their consideration. Comments with solutions would be appreciated..Thanks ***********************************************
What if we just quit....Yes, If we just QUIT..Just QUIT doing short sales... For one thing, we would get rid of an entire category of People Complaining about how this bank or that lender is not responding, not meeting deadlines, won't call back, is wasting our collective time and our customers time..For what??
What would happen??? The banks would turn on the charm and … (210 comments)
mortgage meltdown: Changes In The Business, The Rules, The Players
- 05/23/08 02:45 PM
I see many things are changing. Be careful of the banks, what will happen when they cannot balance thier sheets any more. When banks MUST start dumping the foreclosures....when the FED can't cover.... Who will the banks turn to when the FED Can't cover...Who will the FED turn to when it can't Cover. I read today that the new numbers are 6000 new foreclosures being filed EVERY DAY. Remember when I was posting about lowball offers and getting Flack??? Yesterdays lowballs are todays current pricing. What will todays lowballs mean by next month...Who will be collecting the payments on your mortgage? … (14 comments)
mortgage meltdown: Should You Take Cover or Look For Deals??
- 03/17/08 03:25 AM
The Overseas Markets are going crazy. The mortgage backed securities are being dumped, and no takers are in sight. Bear Stearns, is experiencing an old fashioned Run On The Bank...and there is no cash left, just a few billion dollars worth of now devalued securities that can't be used as collateral any more. So Last night, before it could get any worse, JP Morgan Chase makes a deal to purchase Bear Stearns for $ 2.00 per share..........My email inbox this morning is full of sideline investors that are wanting to get started on making their move...or should we wait a bit more....How … (6 comments)
A collection of thoughts and ramblings from one who is known for thinking a little and rambling a lot. Please enjoy the posts and add your thoughts. Together we can make a difference in our chosen field of Real Estate!
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Here I am again...
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