AGBeat » REO

Stewart Lending acquires REO subservicing company PMH Financial

Tara Steele — Tue, 19 Jul 2011 09:30:18 +0000

Stewart acquires PMH Steward Lender Services (SLS), subsidiary of Stewart Title Company has announced the acquisition of a majority ownership interest in PMH Financial, a full-service REO outsource and subservicing company that provides REO services, short sale management, collateral valuation, subservicing, loan review and due diligence services. PMH currently has over 100 employees spread across six states and an active [...]

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Preparing a short sale package- not so top secret tips

Melissa Zavala — Tue, 05 Apr 2011 11:29:02 +0000

Short sale package demystified: While much has changed in the wacky world of short sales over the last three or four years, one thing is certain: a well-prepared short sale package gets processed more quickly and efficiently than a crappy one. But, what makes a good short sale package? Here are several tips to aid you in the creation of [...]

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A quarter of homes sold in 2010 were foreclosures – good news?

AGBeat — Thu, 24 Feb 2011 18:35:15 +0000

According to RealtyTrac.com’s 2010 Year-End Foreclosure Sales Report, nearly 26 percent of all homes sold during the year were foreclosures, up three percent from 2008 and down three percent from 2009. The average sales price of foreclosures in 2010 was 28% less than non-foreclosure home. California, Nevada and Arizona lead with the highest percentage of foreclosure sales nationally. “Foreclosure sales [...]

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Fannie Mae rule limits brokers’ ability to list REO properties, KW responds

Lani Rosales — Thu, 29 Jul 2010 04:52:04 +0000

Recently, Fannie Mae began to actively seek out brokers listing more than 30 REO listings from any single Fannie Mae source which understandably is seeing opposition by many large brokerages as well as the National Association of Realtors, according to Keller Williams’ CEO, Mark Willis. Willis wrote this week to all of Keller Williams associates: “Dear Associates - We’ve recently [...]

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A Staggering 18.9 Million Homes in U.S. Are Currently Vacant

Lani Rosales — Wed, 03 Feb 2010 05:06:49 +0000

Foreclosures rise As the number of foreclosure filings hit historic highs, studies and statistics show staggering results. Of the 130.6 Million housing units in America, 18.9 Million homes are vacant as of the end of December 2009, according to the U.S. Census Bureau. That’s more than the entire population of Greece and Israel combined! The Census Bureau also reported that [...]

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Shadow Inventory or Not? Agents, Get to Work!

Melissa Zavala — Thu, 28 Jan 2010 12:00:41 +0000

I’ve been thinking about the future of real estate. Fellow Agent Genius Contributor, Russell Shaw, wrote a thought-provoking blog post a few days ago about the rumored shadow inventory that is (or is not) coming our way. I have to admit that I loved this post ‘cause it got me to thinkin’. It got me to thinkin’ about why so [...]

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The Greatest Example of Collusion in History?

Danilo Bogdanovic — Wed, 17 Jun 2009 11:00:49 +0000

Are we witnessing the greatest example of collusion in US, if not world history right before our very eyes? col-lu-sion [kuh-loo-zhuhn] – noun …a secret agreement, esp. for fraudulent or treacherous purposes; conspiracy: Some of his employees were acting in collusion to rob him. Currently, the number of bank-owned/REO properties on the market is estimated to comprise only 30 percent if not [...]

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R.E.O. Ain’t the Name of Some 70s Band?!?!?

Rocky VanBrimmer — Sat, 04 Oct 2008 19:38:25 +0000

Photo Courtesy of Chaomancer REO (Speed)Jargon R.E.O, Bank Owned, Foreclosure, Loss Mitt, “Short Sale,” and a plethora of other terms have found their way in to MLS comments and our daily conversation over the last couple of years. Jargon developed over years and years ago by the default mortgage banking industry used by mortgage company insiders. Terms used to describe [...]

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Put Your Data On The Map

Nick Bostic — Thu, 14 Aug 2008 23:24:34 +0000

My day job is currently with a title company and we send our customers lists several times a week of for sale by owner lists and foreclosure lists. These typically come in a CSV (Excel-readable) file format. I’m the lucky one to generate these TPS reports and when I look at them, I think, “Drat! If only these spreadsheets weren’t [...]

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