James A. Browning's (re1agent) Blog

Shadow Inventory: 46 Months to Clear Distressed Housing Supply By: Carrie Bay   It will take 46 months to clear the market’s supply of distressed homes, or the shadow inventory, according to estimates from Standard & Poor’s Rating Services based on first-quarter 2012 data.     The agency’s latest...

Because the Banks/Lenders/Outsourcers demand the education and training to be proficient in the REO Industry!   REOCertified® National Designation is being conducted in Upland, CA on June 20th. Increase you INCOME, learn BPOs & REOs. Join us for this exciting and educational event. Presented by R...

How California law Affects Foreclosure / Short Sale Investors States have varying laws governing foreclosures and some follow California law. To completely understand your rights as a foreclosure buyer, contact a local real estate lawyer. However, realize that for a long time in California, a rea...

 Hoarder House Nightmare!!! By: James A. Browning MRE Some REO assignments are more interesting than others! Treat all REO assignments the same with professionalism. The Bank assigned an REO property to Ed; he went to the property for the initial exterior Broker Price Opinion. Upon his arrival at...

Texas Man Gets 61 Months in Prison for Foreclosure-Rescue Scheme By: Esther Cho An Austin, Texas, man was sentenced Thursday to 61 months in prison for his role in a foreclosure-rescue scam that took place in Southern California and elsewhere, Special Inspector General for the Troubled Asset Reli...

  By: Carrie Bay Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the recent settlement the company and four other servicers reached with the federal government and 49 state attorne...

REO Prices Increase, Fair Market Prices Drop, Home Values Stabilizing By: Esther Cho   According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is mos...

This is a good example on what is going on around certain parts of the country. We are also seeing a large surge of Short Sales Transtactions around the country as well. The REO Inventory is still is somewhat of a stall, but leaking from the Banks/Lenders/Outsourcers. JamesI don't know how things...

Surge in Investor Purchases Gave Home Prices Boost in February By: Esther Cho   While Radar Logic reported home prices in February showed a month-over-month increase, the real estate data provider sees this trend as possibly being temporary, considering that warm weather and investment buying hel...

By: Esther Cho With reports that around 20 percent of mortgages are underwater, about 46 percent of bank risk professionals surveyed by FICO expect to see the volume of strategic defaults in 2012 exceed 2011 levels.    After five years of a brutal housing market, many people now view their homes ...