Comments for Number 1 Home Agent

Comment on The Shadow Inventory = Shadow Gibberish? by A Scary Thought on the (Non-Existent?) Shadow Inventory « Life That POPs

A Scary Thought on the (Non-Existent?) Shadow Inventory « Life That POPs — Thu, 24 Jun 2010 05:56:18 +0000

[...] is large and few understand why it isn’t in the marketplace rather than held by the banks. Russell Shaw recently wrote about the shadow inventory being gibberish. It is an interesting article and one I recommend [...]

Comment on Ninja Genius & the Enemy Line by Maybe I’ll stay in real estate? Or maybe I won’t?

Maybe I’ll stay in real estate? Or maybe I won’t? — Thu, 13 May 2010 15:30:39 +0000

[...] secret? Strip off any and all reasons or explanations for failure and to not do well. Then learn to lead generate like it really really matters. You [...]

Comment on A Professional REALTOR by Amelie Griffiths

Amelie Griffiths — Tue, 11 May 2010 21:18:29 +0000

My favorite gift to give during Christmas day is a fruit basket with toys and gift certificates. they can really put a smile on someone’s face*:~

Comment on Bank of America Achieves Surrealistic Central Status by Kevin Kauffman

Kevin Kauffman — Sat, 20 Mar 2010 00:32:39 +0000

Love the Monkey picture Russ….=)

Comment on Bank of America Achieves Surrealistic Central Status by Wes

Wes — Sat, 13 Feb 2010 02:26:30 +0000

Since taking over Countrywide BOFA is so overwhelmed with distress properties they are just no longer functioning properly,(today a phone call from a closing coordinator for a file we closed in Sept. of 09 that they couldn’t find documentation on they called me for the title company’s contact info )we have simply stopped taking short sales with the company I have 4 through reotrans right now with them and as I get them closed I will take on more, but right now we are just not doing them with BOFA. I had a phone call from a prospect on Tuesday wanting to short her condo, she had a 1st and a 2nd with BOFA, and I had to tell her “I’m sorry it’s not that I don’t want to help, it’s that it’s not cost effective for us to deal with your mortgage company and it’s too frustrating for both me and our clients” Suntrust mortgage is getting becoming a close 2nd, however I will say that at least their customer support line actually has workers with some intelligence, but their negotiators are using tactics that are down right devious.
How hard is this?
Submit package, order 2 BPO’s, review, respond with needed net for lien holder, negotiate, move forward.

Comment on Bank of America Achieves Surrealistic Central Status by Mariana

Mariana — Thu, 11 Feb 2010 17:20:51 +0000

The new owners can easily send the details about what BoA is doing to them on local TV stations. Also they can email RealtyCheck@cnbc.com and Diana Olick may even bring that subject on CNBC, so the whole country can find out about it. Maybe after that BoA will pay more attention to what they are doing…

Comment on Bank of America, RE/Max and Wells Fargo. From Very Bad to Great. by anna marassi

anna marassi — Wed, 27 Jan 2010 15:26:15 +0000

Also true for the other end of the bargain. We have made an offer for a house in short sale, they told us it would take max 2 months and now 2 months later we heard it could be really another 2 months or more…we are getting ready to just walk…

Comment on Bank of America, RE/Max and Wells Fargo. From Very Bad to Great. by Marcia

Marcia — Fri, 15 Jan 2010 20:19:17 +0000

Ok, but what about those of us who had a short sale in process and almost closed in the month of December, and all of a sudden due to the change in processing **POOF** the workout was mysteriously cancelled, and now we are told we have to START OVER! AND OUR BUYERS BACKED out!

Thats not making it any easier. Shame on Bank of America.

Comment on A Late Christmas Gift For You by Wes

Wes — Sun, 10 Jan 2010 05:12:52 +0000

Mr. Shaw,
Glad to see you are back to the blog, greatly enjoy reading it.
Keep up the good fight.

Comment on Bank of America Retard Division for Short Sales by Ben Benita

Ben Benita — Fri, 09 Oct 2009 18:09:58 +0000

NO QUESTION they have the MOST bass-ackwards policeis, BUT, from a business perspective it is GENIUS! Most may not know this, BUT, THE NUMBER ONE REASON SHORT SALES TAKE SO LONG, and, they make you jump through hoops, as loan servicers, THEY MAKE MORE MONEY…PERIOD. Servicers typically earn 1/4 point annually servicing on time loans and 1/2 point annually servicing late loans. Think about it, exactly how hard would you work and how easy would you make it to cut off a revenue stream, i.e., efficiently get short sales done. Once B of A completes a short sale, good bye client, no more 1/2 point revenue stream. On top of this, and TOP REASON # 2 SHORT SALES TAKE SO LONG, it creates MORE work for loss mit. to get these approved. Keep in mind loss mit. is TOTALLY separate from the foreclosure dept. When they approve a short sale, they have 20 to 60 pages of discloures to complete explaining to their investor what happened. IF, and we know this NEVER happens, they piss you off, the buyer or seller or real estate agent, you give up and the home goes to foreclsoure, guess what, that file gets deleted from loss mitigation and they need not fill out the 20 to 60 pages of disclosures.
Again, NO QUESTION B of A is the MOST DIFFICULT TO DEAL WITH, but, there are pretty good reasons…..
Ben Benita,
http://www.Brickstone-Financial.com
The Nations Leading Short Sales Negotiations Team