Just putting this out there...my clients put an offer in on an REO listing TWO WEEKS ago today. We still have yet to get a response back one way or another. The listing agent thinks that the offer is going to be accepted as written and he has not received any other offers on the property either
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02/27/2008
As a short sale listing agent, it is important for me to try to educate the buyers as much as possible on exactly what it means to get involved in this type of transaction. First of all, let me tell you that "short sale" is kind of an oxymoron. A short sale usually takes a longer escrow period.
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02/27/2008
Well I received another solicitation phone call today from a company offering referrals for a monthly charge and then 19% at the sale. The monthly charge is nominal and 80% of the referral goes back to the customer. I dunno about this. The website has other "perks" for the consumer like discou
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02/26/2008
So you realize that your two year adjustable rate is going to reset in a short while and there is no way that your house is going to appraise in order to refinance. Or you bought your home one to two years ago and realize there is no way you're going to be able to sell the house for what you owe
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02/25/2008
This Sunday I did an open house on a new listing that I have which also happens to be a short sale. I couldn't believe how many people I had through even though it was raining (which is almost like a national holiday in California by the way.) Anyway, I had eight groups of people through the do
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02/25/2008
I put an offer in last week and have been calling the agent every day to check in and see if there was a response back from the bank. I got a call from my office today saying that there was a counter offer in for this property finally after eight days of our original offer. I understand there w
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02/21/2008
I've got several short sale listings right now and I'm pumped up!! I feel like I am really helping people stay in control of their choices in this market, and I'm also selling some GREAT deals! One thing I've decided is that I am getting the work out package together with or without an offer.
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02/20/2008
Wow, its amazing how many bank owned listings are available in our area. I've been working with a buyer for the past two weeks and we've written six offers. The first one we wrote had another offer just accepted right before we faxed over our offer. We learned our lesson and made sure to call
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02/20/2008
Okay, so word on the street is that this system is going crazy! I've heard agents complaining how they did a BPO four times before they were able to upload it into the system. I also have an offer out on a property that was entered into REOTrans and the agent is insisting that the system is to
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02/20/2008
Welcome to California! Home of earthquakes, mudslides, tabloid trash, traffic that makes you want to slit your wrists, and home prices that are through the roof. Ah yes, but we do have that sunshine!! That sun costs a premium!! Take a day like today. Would you rather be in beautiful sunny 70
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02/12/2008
