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 of bad times to come. In March, notices of default [...] Click Here To View More
Atlanta Market Nears Bottom, Short Sales Agents Dominate
Harris Real Estate University has 100s of students in and around the Atlanta area…this video is a very accurate representation of what is happening now in Atlanta. Bottom line: Short Sales dominate the market and the upper end sellers are embracing short sales. Did you know that HREU offers short sale training specifically focused on upper end, luxury home owners? Read more about the HREU Lender Preferred Luxury Distressed Property Designation. Urgent Short Sale Notice: Must attend Short Sale industry update. New fast close, direct assignment short sales. Learn how to become a Lender Preferred Short Sale Agent. Grab your spot for [...] Click Here To View More
What Is Cash For Keys? | How To List REOs, BPOs
Harris Real Estate University Cash for Keys (CFK) check list. (Thanks to the HREU REO/ BPO coaching staff for creating this check list) What is Cash for Keys? (CFK) CFK is an alternative to the successful legal conclusion of the eviction and lockout process and offers the occupant an opportunity to voluntarily vacate the property, left in good and broom swept condition, in exchange for a negotiated payment. The evictions process continues as CFK is negotiated, so the occupant has the choice to accept CFK or continue through eviction. Offering Cash for Keys Approaching the Occupant(s) * Remember: making contact with an occupant may [...] Click Here To View More
Bank of America Valuation Dispute Process Change
Process Refined for Valuation DisputesBank of America has refined the process for settling valuation disputes during a short sale. The value of a property is established by independent third-party vendors shortly after a short sale is initiated. Occasionally, however, a listing agent may wish to contest that value. When that occurs, there is now a revised process for reconsidering the value. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for [...] Click Here To View More
Homeownership Rates Continue To Drop Despite Perfect Buyers Market
Homeownership rates continue to drop from the record 2004 levels as millions of Americans recover from the popping of the real estate bubble. Its not surprising that the trend towards renter-ship has picked up pace. Remember, thus far close to 4 million owners have lost their homes to foreclosure, 6 million are currently in default and its predicted that 11,000,000 are currently underwater in their homes. Sobering statistics that point to a long road to a true housing recovery. Urgent Short Sale Event: Must attend Short Sale industry update. New fast close, direct assignment short sales. Become a Lender Preferred Short [...] Click Here To View More
NAR Pushes Servicers on Freddie Short Sale Affidavit Updates
January 23, 2012 On Jan. 5, 2011, NAR reached out to Bank of America and Freddie Mac regarding inconsistencies in Bank of America’s implementation of required changes to Freddie Mac’s mandatory short sale affidavit. On Nov. 18, 2011, Freddi... Click Here To View More
Fantastic Breaking News: Highest Q1 Pending Home Sale in 5 YEARS! (Video)
Fantastic Breaking News…Highest First Quarter Pending Home Sales in 5 YEARS! THIS is the exact news that the Big Banks have been waiting for….expect a significant INCREASE in REO listings and Short Sale approvals over the next 12 months. Bottom line, this IS the bottom of the 7 year housing crash (thank God!) Here is the full report from our friends at the National Association of Realtors: (CNBC Video follows) Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors(R). The Pending Home [...] Click Here To View More
Bank of America New Short Sale Professional Locator..Congratulations HREU Students!
Congratulations to the 1000s of Harris Real Estate University ASD (Accredited Short Sale Designation) students who have been selected to be included in Bank of America’s new ‘Short Sale Professional’ locator.. If you make the cut, this is the email you be receiving: Welcome to the Bank of America Short Sale Professional Locator You have been selected to be part of the new Bank of America short sale professional locator at bankofamerica.com/agentlocator. This public website helps homeowners connect with local real estate professionals who have previously transacted successful short sales with Bank of America using Equator. Homeowners visiting the website will [...] Click Here To View More
YES You Can…Buy A Home Immediately After You Short Sale Your Home!
Short Sale Today….Buy Another Home Tomorrow… Here’s how: FHA allows borrowers to be eligible for a new FHA loan even if they just recently sold their principal residence with a short sale. Urgent Short Sale Notice: Must attend Short Sale industry update. New fast close, direct assignment short sales. Learn how to become a Lender Preferred Short Sale Agent. Grab your spot for the FREE Short Sale Industry Update Training Event. Warning: Limited space available for this industry wide event. Register now! Almost every lender will tell you there is a 3 year waiting period as most lenders will not allow this program to be used [...] Click Here To View More
New Short Sale Guidelines Force Big Banks To Act Faster!
New Short Sale Guidelines Force Banks To Act Faster! Beginning June 15, Fannie Mae andFreddie Mac servicers will be required to make decisions on short sale offers within 30-60 days. You read that right…you short sales will be closing dramatically faster! Read the new guidelines here. Here are the new rules: * Require servicers to make a decision within 30 days of receiving either an offer on a property. * If more than 30 days is required ( to process BPOs, deal with PMI etc) the banks must provide the borrower with weekly status updates. Banks must then decide no later than 60 [...] Click Here To View More
Surprise 7% Drop In New Home Sales (Video)
The headline: 7% Drop In New Home Sales SIGNED contracts. (But, its not all bad news…read on) “The drop in sales last month was disappointing, but it’s probably payback from the usually mild weather” “In hindsight, the favorable weather and the improving job market should have translated to favorable numbers for February and the revisions now show that.” However, there are still many positive signs in the overall housing market: Another report showed home prices in 20 U.S. cities dropped at a slower pace in the year ended February, pointing to stabilization in the real-estate market. The S&P/Case-Shiller index of [...] Click Here To View More
Home Values Back To 2001 Price Levels..Has The Market Finally Hit Bottom? (Video)
Home values now at 2001 values. 10+ years of home ‘appreciation’ gone. Unquestionably, a great time to be a home BUYER! I doubt if any regular Real Estate Insider News readers (or HREU Students) will find this video surprising. It IS interesting where markets are still losing the most value. Be warned, every indicator that we watch is pointing to a second half 2012 slow down for home sales. The predictable election year malaise will over shadow almost everything. Add to this the fact that the banks are finally setting the stage to sell off their REOs in significant quantities. [...] Click Here To View More
Breaking News: Short Sales and REOs Now 47.7% Of ALL Sales!
I need to apologize to all Real Estate University Students…(and Real Estate Insider News readers)….when I said: ” 2012 Is the Year of the Short Sale “ What we should have said was…”2012-2015 Are The YEARS Of The Short Sale”. In other words, the time to be a short sale agent is NOW and will continue for at least 5 years! Read on: CNBC’s Diana Olick wrote a very interesting article on her blog today…here are the highlights with a few comments: Foreclosures and short sales (when the home is sold for less than the value of the mortgage) accounted [...] Click Here To View More
National Association of Realtors and U.S. Treasury “Help For Homeowners” Outreach
WASHINGTON, DC, Apr 23, 2012 – The National Association of Realtors(R) is joining forces once again with the U.S. Department of the Treasury to offer aid to homeowners who are struggling to keep their homes and avoid foreclosure and to help Realtors(R) better assist clients through the short sale process. At a Making Home Affordable “Help for Homeowners” outreach event today in Chicago, Realtors(R) and homeowners will gain valuable insights and information about short sales and have the opportunity to meet directly with loan servicers for assistance with difficult transactions. The event, sponsored by the Treasury Department, is the latest [...] Click Here To View More
National Association of Realtors: Qualified Mortgage (QM) Could Be ‘Burden’
A narrow definition of the impending Ability to Repay regulation could harm consumers and the housing market recovery, according to the National Association of Realtors®. In a letter sent today to Richard Cordray, director of the Consumer FinancialProtection Bureau, NAR joined a broad coalition of lenders, investors, housing professionals, consumer advocates and civil rights groups to urge for a broadly defined Qualified Mortgage (QM) that covers a wide range of traditionally safe products and underwriting criteria. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets [...] Click Here To View More
National Association of Realtors February Pending Home Sales Down Slightly
Pending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 0.5 percent to 96.5 in February from 97.0 in January but is 9.2 percent above February 2011 when it was 88.4. The data reflects contracts but not closings. Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February. In January, sales at a 4.63 million rate were the strongest since May 2010. WARNING: Short Sales…love em or hate em…they [...] Click Here To View More
Florida Housing Recovery Underway!
Florida’s housing market had increased pending sales, higher median prices and a reduced inventory of homes for sale in March, according to Florida Realtors® latest housing data. “With the continued steep decline of inventory, historically low interest rates and buyers no longer willing to wait on the sidelines, Florida’s real estate market continues on its road to recovery,” says 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “The latest numbers show that pending sales are up almost 30 percent for single-family homes and almost 20 percent for townhomes [...] Click Here To View More
New Short Sale Guidelines Speed Up Process | Short Sale Training
The National Association of Realtors(R) applauds the Federal Housing Finance Agency for issuing new guidance requiring servicers of Fannie Mae and Freddie Mac loans to speed responses to short sale requests. The guidelines would require servicers to acknowledge receipt of short sale purchase offers within three business days; respond to short sale requests within 30 days (with a possible 30-day extension); and make a final decision within 60 days of receiving purchase offers. “As the leading advocate for housing and homeownership, NAR knows that delays in approving short sale requests remain a significant challenge for Realtors(R) and consumers and often [...] Click Here To View More
The housing crash was no accident; maybe it’s time to start assigning blame!
If you have ever been in an auto accident, you know that insurance adjusters from both sides examine the accident to determine the comparative negligence. If the fault was fifty percent yours, you are responsible for 50 percent of the damage. Having tr... Click Here To View More
Harris Real Estate University Featured On California Association Of Realtors Magazine!
California Association of Realtors agents…here is a sneak peek of the upcoming CAR magazine! Lets be clear, this is a (massive) HREU ad on the cover of the CAR Monthly magazine…cool none the less! WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets video and download the FREE Short Sale training guide.NOTICE: Free book guaranteed for the first 100 agents only. Click Here To View More
Agent Education, Breaking Real Estate News, California real estate, Coaching & Training, foreclosure, Foreclosure, REO, Short Sale News, Foreclosures, National Real Estate News & Comment, Real Estate Coaching & Market News, Real Estate Industry, Real Estate News, Realtors Conference & Expo - #1 real estate coach, #1 realtor coach, Breaking Real Estate News, harris real estate university, HREU, national association of realtors, tim and julie harris