paul antonelli: Is Mr. Buffett the only one going to get all the REO's in 2013 ?
- 11/13/12 08:41 PM
Many feel that Warren's purchases of these real estate companies are just a way into controling all the REO's. Think about it, looks like he wants to hold all the keys to the kingdom. Read this is make your own conclusion; Perhaps the most bullish indicator for U.S. housing is Warren Buffett. The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business. Bloomberg Businessweek's Noah Buhayar has the details: Berkshire’s HomeServices of … (0 comments)
paul antonelli: This is why some agents can't close a Short Sale
- 11/07/12 08:07 PM
Not Qualifying the Seller Their financial situation (current assets etc) Hardship (will give clues to how you will get approval) Type of mortgage If it’s FHA loan and other types, can try to get pre-approved Is Fannie or Freddie? Not preparing the seller for cash contribution and/or promissory note (part of #1 but so important!)Not doing preliminary title search Not controlling the list price and subsequent price reductions Advising your seller to accept an offer that is too low Not controlling the terms of contract – buyer end, short sale approval time frame, deposit upon seller acceptance (not short sale … (0 comments)
paul antonelli: The banks are at it again, or at least this one is.
- 11/30/10 01:41 PM
I just got off the phone with a new client. I sent him short sale paperwork a while ago and was following up with him. He responded to my email today with this, "I want to short sale the home". Turns out he did like I told him and called the bank and put them on notice about his intentions. He called Hells Cargo and told them what he wanted to do. This is how the call went: Client; I called the bank like you said, they told me they could not help until I went delinquent with the … (3 comments)
paul antonelli: The S.A.F.E. Act, Short Sales and the Agents role
- 11/04/10 12:10 AM
I have made a few posts on some social sites about this new federal law, the S.A.F.E. Act of 2008 that went into place Oct 1st 2010. And I've had some responses from other agents like "I have not heard this, it must be a Florida thing", "That's not for California", "That's only when you charge a fee". Etc. These agents are pulling at straws. Instead of researching the SAFE Act they quote other laws and think they are talking about the right one. First problem we have is that NAR should have sent out a mass email blast to … (0 comments)
paul antonelli: If the Foreclosure crap wasn't enough, Now agents can't process Short Sales
- 10/11/10 10:58 PM
So now, as of Oct 1st, Real Estate agents, everywhere, can not negotiate Short Sales. If you do short sales you must have received an email this week, that went something like this. Based on the new S.A.F.E. Act (Safe Secure and Fair Enforcement for Mortgage Licensing Act of 2008) "anyone that directly or indirectly negotiates the terms of the mortgage must be licensed under the S.A.F.E. Act." No longer will the real estate professional be able to facilitate negotiations of a short sale or workout plan directly on behalf of the homeowner. No matter what excuse we … (9 comments)
paul antonelli: And so it has begun !
- 10/05/10 01:45 AM
The proverbial "stuff" has hit the fan. On Friday it was all over the news channels and got bigger and bigger all weekend. By Monday Realtors and agents all over were upset that deals were falling apart by the numbers. Banks have stalled foreclosures pending review of the foreclosure proceedings. This in turn means that properties they had offers on were no longer on the market. Seams a little case of bad business was going on. Actually it's a big case of very bad business on the part of the banks. It's not bad enough to have the foreclosing banks do improper … (6 comments)
paul antonelli: New Short Sale Bill backed by NAR
- 09/17/10 11:50 PM
The National Association of Realtors (NAR) is backing a bill that would impose a deadline on lenders to respond to short-sales for those homeowners that are upside down. The legislation, H.R. 6133, (based on the amount of time it takes a bank to respond today. Sorry Just kidding.) "Prompt Decision for Qualification of Short Sale Act of 2010," was submitted to Congress by U.S. Reps. Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.) on Thursday. The proposed bill will require lenders to respond to short sale requests within 45 days. "The short sale, which requires lender approval, is an important instrument for … (1 comments)
paul antonelli: REALTOR RADIO SUPERHERO VOWS TO HELP 1 MILLION HOMEOWNERS
- 08/23/10 01:23 AM
FOR IMMEDIATE RELEASE REALTOR RADIO SUPERHERO VOWS TO HELP 1 MILLION HOMEOWNERS______________________________________________________________________ Big 810 AM · Central Florida Real Estate Show · Saturdays 4-5 p.m. · Starting Aug. 28 (Kissimmee, FL) - Imagine for a moment a man is flying through your neighborhood wearing a bright red cape and gold leotard, just as you are outside looking up wondering if there is any way to save your home from foreclosure. Kissimmee Realtor Paul Antonelli is claiming to be a superhero that will help homeowners get out of trouble. On Saturday, Aug. 28, Antonelli will begin hosting the Central Florida Real Estate … (0 comments)
Many feel that Warren's purchases of these real estate companies are just a way into controling all the REO's. Think about it, looks like he wants to hold all the keys to the kingdom.
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