I hope that 2013 is a Healthy, Wealthy and Successful Year for You and Yours. James A. Browning Browning Real Estate School
www.BrowningRealEstateSchool.com … (0 comments)
reo institute: Housing Recovery Debate Lingers Heading into 2013 Posted by "ShortSaleCertified" BrowningRealEstateSchool
- 12/21/12 04:02 AM
Housing Recovery Debate Lingers Heading into 2013 By Evan Nemeroff The housing industry has experienced a rollercoaster ride in 2012 as foreclosures and residential delinquencies are falling, but inventory is still not being released by the banks into the market. So the big question still looms among industry insiders—are we really in a housing recovery right now?
Rick Sharga, executive vice president at Carrington Mortgage Holdings, said the state of the industry is making progress, but he still anticipates a “slow, gradual grind-it-out recovery” heading into 2013. Sharga believes it will still take three to four years for a … (0 comments)
WASHINGTON, DC - The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the District of Connecticut David B. Fein today announced that three more executives of Oxford Collection Agency, Inc. ("Oxford"), have pleaded guilty in Bridgeport, Conn. federal court to charges stemming from a $10 million fraud scheme. Oxford was a private financial services company that engaged in accounts receivables management, primarily debt collecting, with offices in New … (0 comments)
Foreclosure starts were filed on 77,494 U.S. properties in November, a 71-month low and the lowest level since December 2006, RealtyTrac reported Thursday.
The decrease represents a 13 percent drop from October and a 28 percent decline from November 2011. Twenty-eight states experienced annual declines in foreclosure starts, with Oregon (-84 percent), Pennsylvania (-67 percent), and California (-63 percent) registering the biggest decreases. Eighteen states posted annual increases in foreclosure starts, with the most substantial upsurges seen in New Jersey (+538 percent), Arkansas … (0 comments)
reo institute: Is Tami a “True Real Estate Professional” Regarding this Transaction or? TRUE STORY!!
- 12/10/12 02:07 PM
Was Tami a “True Real Estate Professional” Regarding this Transaction? TRUE STORY!! Jon (seller) contacted Tami (ABC Real Estate Brokerage) to list his house as a Short Sale via an internet blog that Tami posted. Jon lives in another state and had to relocate to Nevada because his employer relocated him.
Tami emailed Jon the Listing agreement and supporting documents to start the Short Sales process, as the days passed, he did not reply! Tami emailed and called Jon, he finally replied and informed the Listing Broker that his house was being rented and been occupied for the … (2 comments)
By Evan Nemeroff As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.
According to data from the Census Bureau, third quarter owner-occupied housing inventory declined from a year ago by 175,000. However, inventory for renters was up more than 1.3 million units from the third quarter last year through the end of October. Because of the increased demand for rental properties, DataQuick and RentRange have partnered to offer REO-to-rental valuation intelligence to lenders, … (0 comments)
reo institute: ATTN: Potential BPO & REO Real Estate Brokers, WHO WANT BPOs & REOs! REONetwork.com, REOWarrior.com
- 11/14/12 04:18 AM
ATTN: Potential BPO & REO Real Estate Brokers, WHO WANT BPOs & REOs! REONetwork.com, REOWarrior.com I recommend REONetwork.com, contact Windy. This network has been around for a long time! If you are a part of this network and write a good profile (resume) and background on yourself. The BPO and REO Companies will contact you for assignments. REMEMBER, there is a monthly cost involved, is it worth it, without a doubt.
The other suggestion I highly recommend is REOWarrior.com, Tony will fill out the BPO & REO applications for you and submit them to the many BPO and REO companies. … (2 comments)
reo institute: REO to Rental, FHFA Reveals 3rd Winner for REO Initiative, C.A.R. Voices Disapproval
- 11/07/12 01:55 AM
FHFA Reveals 3rd Winner for REO Initiative, C.A.R. Voices Disapproval By: Esther Cho The Federal Housing Finance Agency (FHFA) announced a third bidder scooped up properties in three states for the agency’s REO-to-rental initiative, leaving Atlanta as the sole metro in the program with no winning bidder.
Colony Capital, LLC purchased 970 properties in Los Angeles and Riverside, California; Phoenix, Arizona; and Las Vegas, Nevada, the agency revealed Thursday. Colony Capital is a private real estate investment firm based in California. The agency’s REO initiative seeks to sell Fannie Mae foreclosures to institutional investors in hard-hit … (3 comments)
Andy had 17 years of Commercial experience valuing many types of commercial assets and a preferred Broker with Outside Values. The development had strong sales with single family homes. The development (Cougar Homes) built 200+ houses and then encountered financial difficulties, than went into foreclosure. The development had numerous finished lots that the builder did not dig foundations for … (22 comments)
On Aug 31, Tommy Lister, an actor who has appeared in approximately 100 movies, was charged in federal court with conspiring to commit mortgage fraud in a scheme that led to $3.8 million in losses. Lister, who is also known as “Tiny” and “Zeus,” was charged in a criminal information with one count of conspiracy.
A second person involved in the scheme—Arcelia Chavez, a self-employed certified tax preparer—was also charged with conspiracy. Both Lister and Chavez agreed to plead guilty to the conspiracy … (3 comments)
reo institute: REO Saturation Rate Falls for First Time in 2012: Clear Capital, REO Institute Topic
- 09/07/12 03:37 PM
REO Saturation Rate Falls for First Time in 2012: Clear Capital By: Esther Cho While home prices remained little changed, the REO saturation rate fell for the first time this year, according to Clear Capital’s Home Data Index Market report, which included data to the end of August.
The REO saturation rate, which calculates the portion of REO sales relative to total sales, slipped 6.4 percentage points from the previous quarter to 20.5 percent. The drop is the lowest the REO saturation rate has been since April 2008. At its peak, the REO saturation rate was 40.2 percent in … (0 comments)
reo institute: BPO REO Simplified How To Work With Asset Managers Book Release
- 09/02/12 12:17 PM
BPO REO Simplified This book provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO (Real Estate Owned), or Bank Owned Distressed Market.
And here is the link to the book ($10.95) itself http://www.buybooksontheweb.com/product.aspx?ISBN=0-7414-6493-4 Here is the eBook ($6.95) listed on Amazon: http://www.amazon.com/BPO-REO-Simplified-Managers-ebook/dp/B0076S53AG/ref=sr_1_2?ie=UTF8&qid=1338324483&sr=8-2 by:
reo institute: REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October.
- 09/02/12 10:36 AM
REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October. REOMAC has made a decision not to hold its Fall Education Summit & Expo scheduled for early October. Contributing factors in the decision were a contractual dispute with the venue as well as an acknowledgement that members are overloaded in a season that is already packed with events. REOMAC remains committed to physical events such as its Annual Summit in the spring and its local dinners/lunches. In addition, in response to member and non-member feedback gained through recent market research, planning is underway … (0 comments)
reo institute: California Department of Real Estate Steps Up Disciplinary Actions
- 08/19/12 06:58 AM
California Department of Real Estate Steps Up Disciplinary Actions By Evan Nemeroff The California State Department of Real Estate cracked down on the amount of illegal mortgage activity taking place throughout the state over the last fiscal year by setting record highs in several categories.
Through the end of June 2012, the DRE suspended, surrendered and revoked a record 1,109 real estate licenses for the fiscal year within the Golden State. According to the DRE, 781 real estate licenses were revoked FY 2011-12, which was up about 14% from the previous year when 686 licenses were taken away. Meanwhile, … (2 comments)
reo institute: Clear Capital Reports Rising Prices Across All Regions
- 08/17/12 03:38 PM
Clear Capital Reports Rising Prices Across All Regions By: Esther Cho National home prices saw both quarterly and yearly gains in June, and all four regions across the U.S. posted quarterly increases, according to the Home Data Index (HDI) released by Clear Capital Tuesday. prices rose by 1.7 percent in June from the previous quarter and a year ago, and growth is expected to continue into the second half of the year at a rate of 2.5 percent, Clear Capital reported.
Broad-based regional gains and expanding progress are reasons for the current gains and expected future growth. … (0 comments)
The counties analyzed were Suffolk, Nassau, Ulster and Westchester in New York; and, Merced, Riverside, San Bernardino and San Joaquin in California. According to the report, the authors concluded that negative equity was below 5 percent for all eight counties in 2005 but then began to rise rapidly, especially in the four California counties. “The exact amount of negative equity that leads a borrower to ‘walk away’ or … (2 comments)
WASHINGTON, DC - The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the United States Attorney for the District of Connecticut David B. Fein today announced that Robin Bruhjell Brass, 55, of Washington Depot, Connecticut, was sentenced on Friday by United States District Judge Robert N. Chatigny in Hartford to 96 months of imprisonment (an upward departure over the advisory Sentencing Guidelines range), followed by three years of supervised release, for operating a long-running Ponzi … (2 comments)
reo institute: I passed the final examination to become a CDEI™
- 08/06/12 07:34 AM
Certified Distance Education Instructor Certified Distance Education Instructor I passed the final examination to become a CDEI™, the required standard for all instructors associated with ARELLO® Certified courses. This had to be one of hardest exams that I ever attempted. But, well worth it. James
If you like this post, please like us on activerain, facebook. Thanks, James … (3 comments)
reo institute: Florida Real Estate Professionals National REOCertified® Designation @ Tamarac Lantana Miami
- 08/05/12 01:27 PM
REOCertified® HOW TO RECEIVE REO LISTINGS! Increase your Income! Learning Best Practices for REOs & BPOs! REOcertified® National Designation is being conducted in Tamarac 8-27, Lantana 8-28, Miami 8-30, @ Gold Coast School locations. Increase you INCOME, learn BPOs & REOs. Join us for this exciting and educational event. Presented by REO Institute in partnership with Gold Coast Real Estate School: with 7 Continuing Education hours towards your license renewal. Cost $139 for the day or $250 for REOCertified and ShortSaleCertified
The course is @ Gold Coast Schools locations , and is open invitation to all Real Estate Professionals! Registration & … (0 comments)
Wishing you and yours a Happy Holiday and a Very Merry Christmas on this Christmas Eve.
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