Have you done any short sales, loss mitigation or REO work in 2007?

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320
This is a HUGE market and I am looking for your comments on what has worked and not worked to share with the Active Rain community. I have worked with one lender on REO's for 6 years and am seriously considering gearing up to do more. I have done 3 short sales and have 2 pending.
At this time I  am doing loss mitigation work for Titanium solutions. Not much pay on this but I have helped some folks re-cast their loans and save $$$. There are not many short sales or REO's in my market areas of Clintonville or Worthington; however, part of Northand in zip code 43224 and the Ohio State University area, zip codes 43202 and 43201, have lots of foreclosures. How about you?
Merry Christmas!!!-
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Rainmaker
107,161
Mark and Tana Hunt
Tana Hunt, #1 Realtor at Team Price for 2012!!
Team Price Real Estate/Dan Price Broker
Joe, I am an Escrow officer here in Austin Texas... I close about 4-5 short sales a month.  They are alot of work but I started closing them around a year ago... I just picked up another agent last week that had two short sale listings and turned them into me.  I was able to direct him on the process of short sales I guess you could say I have become an expert, accidently.. :)
December 24, 2007 10:18 AM
Rainer
77,576
Jeffrey Dolfinger
NRBA Member
24/7 Realty Inc.

I do only REO in upstate New York and would rather do REO than regular sales.  Just my opinion but the banks do not play games like regular buyers.  However most of the major lenders are not accepting new agents as many agents have switched sides over the past year.  You will most likey have a problem getting into any of the majors.

December 24, 2007 10:30 AM
Rainmaker
1,091,773
Joe Jackson
Clintonville and Central Ohio Real Estate Expert
Keller Williams Capital Partners Realty

Tana and Jeff

 

Thanks for your good points I think this is an area we will be in for 2-4 years so we need to be equipped to dothe business

December 24, 2007 11:32 AM
Rainmaker
107,161
Mark and Tana Hunt
Tana Hunt, #1 Realtor at Team Price for 2012!!
Team Price Real Estate/Dan Price Broker
Thats what I am thinking... Most people don't want to mess with Short Sales but I'm getting a fair amount of business from them....and as far as short sales go... Practice makes perfect....
December 24, 2007 11:58 AM
Rainmaker
1,091,773
Joe Jackson
Clintonville and Central Ohio Real Estate Expert
Keller Williams Capital Partners Realty

This is a real esate Blog not a Patio furniture Blog.....

 

This is the 3rd message I have received this week on my blog that has NOTHING TO  do with real estate

 

any one else getting this crap?

July 16, 2009 07:59 AM
Anonymous
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Rainmaker
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Joe Jackson

Clintonville and Central Ohio Real Estate Expert
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