foreclosure: Housing Recovery Debate Lingers Heading into 2013 Posted by "ShortSaleCertified" BrowningRealEstateSchool - 12/21/12 12:02 PM
 
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)

foreclosure: Actor Tommy "Tiny" Lister Pleads Guilty to Mortgage Fraud - 09/10/12 08:16 PM
ACTOR TOMMY LISTER CHARGED WITH MORTGAGE FRAUD AND AGREES TO PLEAD GUILTY
By Herman Thordsen  
 
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)

foreclosure: REO Saturation Rate Falls for First Time in 2012: Clear Capital, REO Institute Topic - 09/07/12 10:37 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)

foreclosure: Eviction Story! Frank was assigned an exterior BPO assignment, he went to the property to see if the property was vacant or occupied. When he arrived, he noticed 5 people in the front of the house - 04/03/12 08:49 AM
 
  
 
the grandparents & their daughter (age 21), & her 2 children (ages 3 & 5)
The children were playing catch in the front yard & the adults were sitting on the porch. Frank carefully without being noticed took pictures of the property for the exterior BPO, documented the condition of the property & the residents. He submitted the BPO as required.
Several months passed by & the Bank requested several occupancy checks, Frank conducted these checks & the residents continued to reside there.
After a period of time, the bank sent Frank an offer to the homeowners for … (4 comments)

foreclosure: Attn: South Florida, Don't Miss the Best Real Estate Seminars of 2012! - 03/26/12 11:08 PM
Don't Miss the Best Real Estate Seminars of 2012!
Next Week The REO Institute will be in town presenting 2 exciting seminars:
 
If you're looking for a great way to enhance your Real Estate Career, these courses present a great opportunity to gain essential skills that you can put to use immediately.
To learn more about all of the courses that we offer at Gold Coast Schools visit us online at www.goldcoastschools.com, or contact our helpful Career Counselors at 1-800-732-9140  
http://youtu.be/P9waRtut46o
 
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foreclosure: Mortgage Rates Head Higher on Positive Economic Data - 03/25/12 09:13 AM
By: Carrie Bay
Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s been since 2006. That, coupled with the Greek debt restructuring on the international front and the results of the Federal Reserve’s stress tests pointing to a stronger financial banking system, boosted investor confidence and drove bond yields higher.
“An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week and mortgage rates followed,” according to Frank Nothaft, Freddie Mac’s chief economist.
Studies from both Freddie … (0 comments)

foreclosure: A Brokers Story, what happened in Nevada, should NOT happen in other parts of the nation! - 03/22/12 08:43 PM
A Brokers story from Nevada!!
http://youtu.be/ansRUXi77A0
I want to demonstrate how the Nevada AB-284 bill will severely damage our fragile Real Estate market.I'm from Fernley, out in Lyon County, so I'll give you the stats out here, although the stats in Reno should be similar. The numbers are smaller out here so it makes them easier to analyze, but we've always found the percentages to be similar in Reno, and for that matter Las Vegas as well.In the past 12 months, according to the NNRMLS, which handles the vast majority of the real estate transactions in our area:550 homes were sold- … (2 comments)

foreclosure: CNN Reports a 'rising tide' of foreclosures ahead - 03/19/12 09:51 PM
REO, CNN just confirmed what the REO Institute has saying for the 60 days. Today they reported that Bank of America, Wells Fargo, Citibank, Chase and Ally Financial all expect a rise in foreclosures after a dip in February due to delays in foreclosure proceedings, adding that "the foreclosure pipeline was beginning to unclog" and they expect "a climb in the number of homes repossessed". (Source: CNN Money)!
CNNMoney.com
(10 comments)

foreclosure: ATTN: AZ Real Estate Professionals, "REOCertified®”, “ShortSaleCertified®”, National Designations in Phoenix on 3/27 & 3/28 @ Phoenix Ass of REALTORS - 03/16/12 04:26 PM
Arizona: http://www.cvent.com/d/ncql9m/1Q
http://youtu.be/P9waRtut46o
March 27th & 28th in Phoenix!Join us March 27th for the REOCertified® two-course program. Both Income = BPO & REO Simplified,& attendees will become REOCertified®.Or make plans to attend Short Sales Simplified on March 28th.Attendees will become Short Sales Certified™.
2 day discount available
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foreclosure: ATTN: AZ Real Estate Professionals, On March 27th, the REOCertified National Designation in Phoenix - 03/11/12 05:11 PM
 
Arizona: http://www.cvent.com/d/ncql9m/1Q
REOCertified® National Designation will be conducted in Phoenix @ PAR (Phoenix Association of REALTORS) on April 27th, $119 per day or both days @ $210, 7 Continuing Education Hours
SSC=Short Sale Certified® National Designation will be conducted in Phoenix @ PAR (Phoenix Association of REALTORS) on April 28th, $119 per day or both days @ $210, 6 Continuing Education Hours
www.REOInstituteColorado.com
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foreclosure: Calfornia's AG has requested to Suspend Foreclosure Sales! - 02/29/12 03:56 PM
California’s attorney general has requested that the Federal Housing Finance Agency suspend foreclosure sales in the state for home owners with government-backed mortgages.
Attorney General Kamala D. Harris has requested that home owners with loans backed by Fannie Mae and Freddie Mac get a temporary reprieve from foreclosures while housing regulators conduct reviews of whether at-risk home owners are eligible to have the amount they owe on their mortgage reduced.
Fannie Mae and Freddie Mac have stated in the past that they’re opposed to mortgage principal reductions. The FHFA, which regulates Fannie and Freddie, has said that any such program would … (2 comments)

foreclosure: REOCertified® Accredited BPO/REO Continuing Education Courses in CA, FL, WY, CO, TX, UT, NV, and AZ - 02/25/12 08:29 PM
The BPO & REO Simplified courses="REOCertified®", has been approved for 7 Hours of Continuing Education by each states Real Estate Commission/Division for accredited education towards your Real Estate License Renewal!
http://youtu.be/P9waRtut46o
www.REOInstituteColorado.com
(0 comments)

foreclosure: REOCertified® - 02/21/12 08:42 PM
REOCertified®
http://youtu.be/P9waRtut46o
www.REOInstituteColorado.com
The REO Institute presents BPO Simplified and REO Simplified="REOCertified", National Designation! Accredited for Continuing Education in the States that we instruct in. This states are CA, CO, TX, FL, WY, AZ, UT and NV.
(0 comments)

foreclosure: Foreclosure Sales Up for West Coast States Except Washington - 02/15/12 11:26 PM
Foreclosure Sales Up for West Coast States Except Washington
02/14/2012 By: Esther Cho
 
Foreclosure sales on the West Coast started strong for the beginning of 2012, with Washington as the exception, according to ForeclosureRadar.
Arizona, California, Nevada, and Oregon are the other states included in the report – all of which saw increases in foreclosure sales to investors. Trustee sale investors pay the full amount in cash without inspections or title insurance prior to purchase.
This is the fourth largest month on record in California, and the busiest since March of 2011, stated ForeclosureRadar.
Nevada experienced … (1 comments)

foreclosure: SHORT SALES EVENTS-U S Treasury Dept. - 02/15/12 03:43 AM
US Treasury Short Sales Events
NAR is working with the U.S. Department of Treasury on Help for Homeowners events around the country. These events offer real estate professionals the opportunity to attend a workshop presented by various servicers on everything you need to know about executing short sales in today’s market. In addition to the short sales workshop, you also will have the unique chance to meet on your clients’ behalf with the servicers to get difficult questions answered and move stuck cases forward. The first events are scheduled in Miami on February 22 and Tampa on February 24. These will … (0 comments)

foreclosure: Banks Respond to Robo-Signing Settlement - 02/13/12 01:44 PM
 
Banks Respond to Robo-Signing Settlement
02/10/2012 By: Krista Franks
 
While the $25 billion settlement between five of the nation’s largest servicers and 49 of the state attorneys general awaits approval from a judge, there is some relief in the industry that the 16 months of investigation and negotiation has come to a close.
“The best thing about the mortgage settlement is that it’s done,” said Stan Humphries, Zillow’s chief economist on the company’s website.
“The agreement brings closure to these issues and enables the company to move forward in our ongoing efforts to help borrowers find affordable and … (0 comments)

foreclosure: You want Depressing? - 02/12/12 02:00 PM
Just read this by Carrie Bay:
The national homeownership rate fell by 1.1 percentage points between 2000 and 2010. The U.S. Census Bureau says it’s the steepest drop since the period from 1930 to 1940, when the rate plummeted by 4.2 percentage points. http://www.dsnews.com/articles/homeownership-decline-rivals-great-depression-2011-10-07
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foreclosure: REOCertified(R), WHY SHOULD YOU (Real Estate Professional) HAVE THIS?? - 02/07/12 10:37 PM
http://youtu.be/P9waRtut46o
 
www.REOInstituteColorado.com
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foreclosure: Broker Risk Reduction and Property Management for REOs and Short Sales!! - 02/06/12 03:22 PM
 
BROKER RISK REDUCTION AND PROPERTY MANAGEMENT FOR REOs AND SHORT SALES:
     During one of the most tenuous housing markets in history, there's
alot riding on your shoulders in terms of liability.  Learn all what
can potentially go wrong with your company's distressed property
inventory and what you need to be aware of.  During this lively session,
James Browning provides valuable information and insight on how to
avoid liability and work more effectively with lenders, banks and
outsourcers.
http://youtu.be/EYSjTFndsLQ
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foreclosure: ATTN: FLORIDA, REO Institute and Ed Kolpfer Real Estate School Presents: "REOCertified(R)", SSC (Short Sale Certified(R) - 01/18/12 11:15 PM
 "REOCertified(R)", THE PREMIER REO National Designation!
You are invited to the BPO/REO Certified continuing education classes on either Feb 7th or 9th or the Short Sales Simplified Course on Feb 8th or 10th, 2012. These classes will be great events designed to provide you with many new tools for today’s real estate market. Want to work in the BPO/REO market? This class provides in depth training on how to complete BPOs and sell REOs.Don't want to work in the BPO/REO market, but want to know how to work with buyers purchasing foreclosed properties? This class provides the knowledge you need to … (1 comments)