The Huffington Post recently published an essay optimistically titled “How to Fix the Great Real Estate After-Bubble.” The “fix” proposed by Mary Manning Cleveland, a professor of environmental economics at Columbia University, is to get Congress to force banks to write down the principal balances on millions of underwater mortgages to their post-bubble market values. […] Click Here To View More
Economy, Foreclosure, REO, Short Sale News, Investor News – #1 real estate coach, #1 realtor coach, bpo assignments, Breaking Real Estate News, distressed property designation, harris real estate university, HREU, national association of realtors, real estate university, tim and julie harris
Spring house-hunting season is upon us. Home searches peak in March and April, and this year the search is especially frantic as inventory is near a 12-year low. Many homes don’t stay on the market for long, so buyers will have to move fast – especially in markets with bidding wars and competing investor activity. […] Click Here To View More
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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.46 percent, up from 3.43 percent. Click Here To View More
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If you have been affected by a federally declared disaster, you have the option of claiming disaster-related casualty losses on your federal income tax return for either this year or last year. Click Here To View More
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Many things affect the cost of building a typical house, but there are three big ones: size, complexity and the level of finish. Click Here To View More
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Urgent HARRIS REAL ESTATE UNIVERSITY ASD (Accredited Short Sale Designation) Notice: Bank of America has changed their Relocation Assistance Program… Short Sale Relocation Assistance Program: Your clients could receive $5,000 to $30,000 in relocation assistance Your financially distressed clients want to avoid foreclosure. You want to help them. So do we! That’s why Bank of America is excited to offer enhanced relocation assistance. Qualified homeowners who initiate a Preapproved Price Short Sale (without an offer) could be eligible to receive $5,000 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property, depending on the […] Click Here To View More
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This month, like any other, there are things you can do to improve your summer living. Click Here To View More
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On April 13th 2012 Bank of America is rolling out a new short sale process (and new documents/ forms) with the goal to reduce the approval process to 20 days. The bank’s new short sale process will enable all parties involved in the short sale process to complete their tasks simultaneously.The goal is for the timeline from offer and (uploading to Equator) to closing to be reduced. Bank of America says it will now be able to provide a decision on a short sale offer in 20 days reduced from 45 days+. As reported on RealEstateInsiderNews.com many Senators and regulators have […] Click Here To View More
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ATTENTION: ALL AGENTS SUBJECT: HARRIS REAL ESTATE UNIVERSITY SUPERSTAR INTERVIEW. FEATURING: #1 RE/MAX AGENT, CHRIS TOWNSON * HARRIS REAL ESTATE UNIVERSITY, Chris Townson Interview, CLICK TO LISTEN REPLAY TO THE NOW… Who is Chris Townson? #1 REO Agent for all of RE/MAX · REOMAC & NAHREP Member * HARRIS REAL ESTATE UNIVERSITY Superstar. · Equator Certified Platinum Agent · Pre-Foreclosure Specialist Certified (PSC) · Number 1 REO Agent RE/MAX 2009 · Top 7 Sales RE/MAX United States 2009 · Top 15 Sales RE/MAX Worldwide 2009 For most Realtors, a drop in market activity and a rise in foreclosures is indicative […] Click Here To View More
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HomeSteps, a Freddie Mac real estate sales unit is having a sales promotion for owner occupied homes (Investors, it seems the GSEs want little to do with you) URGENT: What do the top 5567 REO listing agents know that you don’t? Learn how to cash in on the REO and BPO explosion that is happening NOW. Watch the FREE Agent REO/ BPO Secrets video and download the FREE Book. Note: Free REO/ BPO Training Guaranteed for the first 100 Agents Only. DOWNLOAD NOW>>> Its Winter Sales Promotion for owner-occupant buyers includes: Paying up to 3 percent of the final sales […] Click Here To View More
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Breaking News: The FHA is nearly broke. It appears that another massive bailout is on the horizon: The FHA insurance program is materially undercapitalized and will require a capital infusion of $50 billion to $100 billion in the next few years – even if housing markets do not deteriorate any further. The study was written by Joseph Gyourko at the University of Pennsylvania Wharton School, and is titled “Is the FHA the Next Housing Bailout?” Describing the FHA present state as precarious, Gyourko says for the past two years the nation’s 77-year old insurer has been in violation of its […] Click Here To View More
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Was your Bank of America Short Sale offer get rejected? Chances are the offer was rejected because of agent/ Equator issues. On a recent BofA/ Equator training call it was revealed that 60% of all short sale offers submitted through Equator failed because the agent didn’t upload the file correctly or simply didn’t follow instructions. Here is a list of what needs to be collected from the seller and uploaded into Equator. Remember, you must upload these required documents correctly or you will get a notice that BofA will simply ‘reject’ your offer. The WON’T send you an email telling […] Click Here To View More
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Effective Friday, Oct. 28, agents will see enhancements to the closing process in Equator. Some task names have changed, and new fields have been added to some of the tasks. The purpose of these enhancements is to make closings more efficient and reduce the time it takes to go from issuing the approval letter to finalizing the short sale. Most of the changes are internal, affecting the way we process your files. The biggest improvement you may notice directly is that the closing officer can re-approve a short sale if it has been delegated by the investor or the mortgage […] Click Here To View More
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To: Bank of America Listing Agents (and agents who are ready to become REO Listing Agents) Date: October 25, 2011 Subject: Tips and Tricks To Maximize Success with Bank of America Assets The following is a list of “tips and tricks” we have discovered during our first couple of months servicing Bank of America (BofA) assets on Equator. This is not intended to be an exhaustive description of the REO process, but more of a list of items to watch out for and prepare to deal with because the process is different than most other outsourcers and/or BofA is slower […] Click Here To View More
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As we have been reporting for several weeks, the Obama Administration has released their newest ‘Save Housing’ program… …..we are calling this sequel: HARP 2.0, Hope or Hype. Read all the details about HARP 2.0 HERE. Will this program work?…watch this video and share your thoughts: WARNING: Short Sales – love em or hate em, they’re here to stay! Go beyond the basic short sale designation. Watch the FREE Short Sale video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for first 100 agents only. Click Here To View More
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Will HARP 2.0 work? Watch this video and you tell me… …few things to consider: 1) There are 11,000,000 underwater owners in the US. (and growing). Estimates are that HARP 2.0 can only ‘help’ 10% of those underwater owners…big reason, the owner must be current on their mortgage. If you are late, don’t apply. Of the estimated 11 million underwater owners nearly half are already behind on their payments, in default. 2) HARP 2.0 has nothing to do with homes already foreclosed. There are millions of homes readying to become REO listings over the next 12-24 months. Millions of homes […] Click Here To View More
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Short sale today…get paid BIG. How Big? In some cases an owner who does a short sale will literally receive a check from their (previous) lender for $10,000..$20,000…$30,000+ From the New York Times: Chase, for instance, has been quietly offering as much as $35,000 to homeowners who are “upside down” on their loans — meaning, they owe more than the home is currently worth. In a short sale, the lender allows the sale of the home for less than the loan amount and often relieves the borrower of any further obligation. The incentives began late last year and are available […] Click Here To View More
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Attention: All Realtors From: Tim and Julie Harris Subject: Massive Changes Coming For Short Sales. Short Sale Event REPLAY