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Rainer
429,176
Sara Wagner
Woodland Management Service - Adams, WI
The Forestland Experts!

Dont deal with either of these unless we are investing in them.

Dec 12, 2018 11:39 PM
Rainmaker
534,000
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

It's is saddening that people are still losing their homes.  This is happening less and less everyday as values continue rising.  A Short Sale offers some buyers an opportunity to still buy a quality home in a great location at a good price, in some cases far below market value.  This option is great for these buyers so having this option is good for them and getting their offer accepted is pleasing.  I just make sure the buyer is aware of timing and the chance that it may not be approved.  Bank Owned properties hit our local market very rarely.  They sell quickly with multiple offers in most cases.  Again, people losing their homes bothers me but having listings on the market help buyers and getting stressed sales sold helps sellers.  All's good!

Aug 30, 2015 02:00 AM
Rainmaker
3,237,213
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's not a significant part of my market area.   

Aug 30, 2015 11:30 PM
Rainmaker
2,229,943
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Winston. No, not tired of it at all, as I continue to buy property on a regular basis, it is just part of the process. You have to have patience.

Make it a great week!

Aug 30, 2015 07:40 PM
Rainmaker
1,477,056
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I'm not. I actually like them, since I successfully close all of mine and I feel comfortable dealing with banks and helping homeowners in trouble. SSs are not going anywhere.... I still see a lot of foreclosures and I'll never understand why to allow it to happen?!

Aug 30, 2015 05:00 PM
Ambassador
2,188,589
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I am. Although I broke down and took a bank owned property to list. I think what I'm most tired of is the piece of crap houses that smell. And that's what I'm going to be listing. Lucky me. 

Aug 30, 2015 11:47 AM
Rainmaker
1,648,641
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

No

Aug 30, 2015 11:40 AM
Rainmaker
1,675,819
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Here in S. Florida, there has been a shift to more REO's than shorts. Of course under 150-200k SF homes you probably will run into one or the other, or some crappy flip. There is so much junk here to sell under 300k sometime I'm embarrassed to be in this business.

Aug 30, 2015 11:35 AM
Ambassador
3,981,932
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I quit listing REOs two years ago and haven't regretted taking that step. I still am selling REOs and don't mind that at all.

Aug 30, 2015 11:01 AM
Ambassador
2,848,810
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

they have almost disappeared from our market.  But I'll never like it.

Aug 30, 2015 09:48 AM
Rainmaker
1,273,332
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

They are SO exhausting. And they're taking longer to settle than ever before. 

Aug 30, 2015 09:03 AM
Rainmaker
2,939,018
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

In a way not at all as REO is about half my business. By limiting foreclosures they delayed the recovery. For those who can pay, they should be worked out, but for those that can not, it is time to end this chapter so they can start a new chapter. Further more HUD should list their homes traditaionally with REO brokers and stop their current process. Fannie and Freddie should open up to the other GOOD REO agents and stop the monopoly. 

Aug 30, 2015 08:56 AM
Ambassador
4,049,253
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have bought a lot of REO properties and yes I am tired of dealing with them, for the past year I have been just ignoring their offerings.

 

Aug 30, 2015 08:29 AM
Rainmaker
3,977,511
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't woprk many of these and only ones I feel that have a legitamate reason for trying a short sale.

Aug 30, 2015 08:03 AM
Rainmaker
633,730
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

They are rare for us now, but yes I am tired of the extra time and work that's  involved with those transactions.

Aug 30, 2015 07:57 AM
Rainmaker
698,797
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Is it 7 years already?  WOW!!!  We only did two and that was enough.

Aug 30, 2015 06:17 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Lately, I'm not dealing with any short sales at all and the foreclosures are also getting sparse.

Aug 30, 2015 03:39 AM
Ambassador
1,041,270
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

I can answer that in one very short word...

YES!

Aug 30, 2015 02:57 AM
Rainmaker
5,257,579
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

These are sad cases for the impacted families but are also business opportunities for smart real estate professionals. 

 

Aug 30, 2015 02:39 AM