It's true, some banks are thinking that it might be best to hold onto properties acquire the additional debt, on speculation that a bail out is coming their way. For Realtors who work Short Sales, this isn't good news. Truth is, anything that delays an already long and exhausting closing period
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10/29/2008
I get more complaints from prospective buyers about their offers because they didn't get the opportunity to counter. No matter how up front I can be about the offer process it seems to never get through that most times, banks aren't going to counter, they are simply going to accepting the best of
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10/24/2008
Yes, that's right, don't get offended but, before my seller will seriously consider your buyer's offer, they want them to get pre-approved by my seller's lender. Once that is done, you can choose any lender you want but, the truth of the matter is, most pre-approval letters aren't really "approva
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10/21/2008
Don't purchase leads, let me tell you why! Many new and, for that matter experienced agents get suckered in to these Lead Generation sites promising to send you 10, 20, 30, 40, 50+, leads a month for a one time set up fee of $250.00 (+) and a monthly 39.99 for 12 months and, you get an exclusive
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10/21/2008
First off, let me say, I normally don't use Active Rain as a soap box however, I had an incident come up last week that really provided me a different prospective on Realtors, of which I am one. Last week, I am in the office and I over hear another Realtor complaining that he is trying to do a sh
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10/21/2008
If you haven't started moving your business plan towards working with Short Sales, what are you waiting on? If you don't do it now, you may be missing out. It has been my experience and I am of the opinion that Short Sales are going to become the wave of the future, if they aren't already. In fac
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10/08/2008
Q: 1- What are the risks? A: The risk when investing in Short Sales is no different than investing in any other section of the Real Estate Industry. The better question is how does one limit the amount of risk they take on when buying investment real estate? Buy low, sell high however, stay compe
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10/02/2008
First off, let me just say that a short sale is a lesser of two evils. It should be considered as the nuclear option and only available to those with legitimate hardship. Now, with that out of the way, let us talk about the truth behind what a short sale does to your credit. If you are considerin
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09/30/2008
Hi all: I just wanted to take a moment and alert you to a networking site dedicated to just REO Professional Agents, www.REOPro.NING.com Here is a list of some of the offerings. Free Membership Your very own customizable home page You can post conferencing events or review a list of networking
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09/30/2008
Posted by Jesus (Jesse) Gonzalez on May 28, 2008 at 8:04pm @ www.REOPro.NING.com and, yes this is my content. As you may guess, the number 1 question I get asked is, how can I start listing REO's? Well, if it was as simple as a "one line" answer, then everybody would be doing it however, it isn't
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09/24/2008