Admin
Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

Answers

Rainmaker
4,846,325
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

There are many things I am happy not to follow these days.  Need I begin?

Nov 19, 2019 01:16 PM
Rainmaker
790,953
Peter Testa
Kiwi Homes - Danbury, CT
PETER TESTA

My experience working with Ocwen was terrible. I must have called them for 2 months straight telling them to winterize a property I had listed & they gave me the runaround til one day the pipes burst from the cold. 

Nov 19, 2019 01:08 PM
Ambassador
6,854,086
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that they treat all of their REOs with neglect.

Nov 19, 2019 05:08 PM
Ambassador
3,717,310
Anna "Banana" Kruchten
Retired Broker/Owner - Phoenix, AZ
602-380-4886

I quit doing distressed sales about 5 years or so ago. Glad I did. BTW Ocwen was horrible to work with.....horrible. Somehow it doesn't surprise me that they are handling different neighborhoods differently.  Shaking my head.....

Nov 19, 2019 01:54 PM
Rainmaker
5,479,130
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

We have very little reo property in my area.

Nov 19, 2019 01:47 PM
Rainmaker
1,555,950
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Altisource handles REOs in our part of Cali as well.  Have always been fairly well maintained.  Have not heard of this lawsuit.  No interest in following it as it does not pertain to me.

Nov 19, 2019 01:42 PM
Rainmaker
3,417,775
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have done work for all 3 and they dont care if it is a luxury area or downtown, they didnt really maintain anything. It was not one over the other. It was none. AND such a shame because i manage a lot of my reo listings, manage trash out, repairs and let them know what is needed and what is not, they need to listen and STOP using national preservation companies that lead to the issues. 

Nov 20, 2019 05:17 AM
Rainmaker
2,071,336
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No, did not follow

Nov 19, 2019 10:31 PM
Rainmaker
1,598,552
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Just a few here and there REO. 

 

Nov 19, 2019 09:56 PM
Rainmaker
1,514,605
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am not aware of this problem. 

Nov 19, 2019 04:32 PM
Rainmaker
226,978
John Van Hogen
Keller Williams Realty Professionals - Hillsboro, OR
Serving Sellers / Buyers / Investors 503-680-9390

Not following this action Caroline. It's not surprising though. Lenders have discriminated for decades. Companies of my former boss (W Buffet) have been fined for discrimination on more than one accassion in the past few years. Makes me cringe. 

Nov 19, 2019 03:49 PM
Rainmaker
1,881,248
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No but it's nice to know that things are finally catching up to them. In some neighborhoods because of the low property costs, they decided that nothing needed to be done & then blight happens. This is in the city of Chicago. In the burbs where I am, the towns are after them 24/7.

Nov 19, 2019 03:40 PM
Ambassador
3,468,935
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

There was a time when we had many REOs in my market. Some were not kept up and trashed-out properly.  

Nov 19, 2019 03:13 PM
Rainmaker
5,645,181
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

So many issues here that are beyond the scope of this forum. Sometimes municipalities force the lenders hand to walk away!

Nov 19, 2019 02:31 PM
Rainmaker
5,585,849
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

wow.... no I'm not following any of that.... and we're in the country.... 

Nov 19, 2019 02:22 PM
Ambassador
3,230,458
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

yes and frankly I think it's BS.  The bank didn't creat the eye sore.  That was done by the people who didn't pay and left them that way.

Nov 19, 2019 02:09 PM
Rainmaker
8,330,798
Roy Kelley
Retired - Gaithersburg, MD

I am not following this.

Nov 19, 2019 02:07 PM
Rainmaker
2,607,535
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I am not following it but I refused to work with Ocwen long before I retired because they were a pain in the ass period Caroline Gerardo 

Nov 19, 2019 02:04 PM
Rainmaker
5,774,223
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Thank you for sharing the inforrmation.  A

Nov 19, 2019 01:40 PM
Rainmaker
1,276,646
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe
Nov 20, 2019 11:55 AM
Ambassador
5,141,257
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have not followed this, but I definitely need to check it out.  Then again, I may take my friend Michael Jacobs advice and choose not to follow, haha.

Nov 20, 2019 11:33 AM
Rainmaker
1,662,684
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - La Jolla, CA
Coastal San Diego, Veteran's & Retirees Services

No. Results are all I check in briefly on, not the drama of the process...not my job, not how I get paid.

Nov 20, 2019 08:03 AM
Rainmaker
6,115,288
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not, thanks for sharing! 

Dec 01, 2019 08:38 AM
Rainmaker
668,164
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

This is a BS lawsuit! My experience with REO property tells me banks do little to keep up any of them! A property has to be very high 6 figures before they even take notice. Your pics don't surprise me at all. Banks don't spend a dime to improve a REO. All they care about is plumbing, electrical, and a hole in the roof. They look at spending on REO property as throwing good money after bad

Nov 21, 2019 02:38 AM