Matt Kofsky's (mattkofsky) Blog

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Real Estate Agent - Transaction Realty 500 Reno, Nv.

ARCHIVED BLOG POSTS

2009 

I have seen several blogs where a real estate agent describes a deal that the bank turned down.  Some seem outrageous.  Basically for the bank, it is simple economics.  If I do a loan modification, I get A dollars.  If I do a short sale, I get B dollars.  If I foreclose, I get C dollars. The gove...
Posted over 4 years ago
I recently changed insurance companies.  As part of the process they ran my credit score.  It came back lower than I expected.  In the notes section it said that I had applied for too many credit accounts recently.  This surprised me since I have not applied for any new credit in a long time.  Th...
Posted over 4 years ago
I went to the "Advanced BPO" class at the 5 star conference. These are some random notes. 1. Get your BPOs in on time. I have a BPO that was due yesterday (Saturday). There is a problem. I called and emailed. Oops, the company closed 4pm Friday for the weekend. There is nobody there to solve the ...
Posted over 4 years ago
3 Comments
Wells Fargo now allows you to see your ratings and how they rate you.  I found 3 mistakes on my rating.  I sent them an email about the mistakes, asking them to correct them.  You should check your ratings and correct any mistakes.  The higher you are rated, the more likely you are to get more li...
Posted over 4 years ago
 You or your spouse get laid off.  It has been a few months and you have not found a job.  You have enough savings to last a year.  Do you start a short sale now or wait until you have used up your savings?  Does the time it takes to do a short sale influence your decision?  Do you take money out...
Posted over 4 years ago
3 Comments
Our board has stated that it is ok to put a sign and lockbox on a property before it is listed if the seller approves it.  We always put 2 lockboxes, one from our mls, and a workers lockbox.  Our real estate office has a weekly email that it sends out to all of our agents.  We have a coming soon ...
Posted over 4 years ago
I do REOs and BPOs.  I check this blog and the main thing I see are questions from people about how to get into the REO and BPO business.  I see very little from people who are actually do REOs and BPOs.  Why is there very little discussion about better way to do things?  Is it because you are to...
Posted over 4 years ago
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