Summer Luke, Taking the 120 pre licensing course right now! (student)

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Ambassador
4,271,076
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

These are the properties I invest in, but would never sell any of these types of situations.

Sep 14, 2017 09:18 PM
Rainmaker
3,363,198
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's been more than a few years since I've had a transaction that was in any of those categories.   There was a time when I can recall it was over 25% of my business.   

Sep 14, 2017 09:06 PM
Ambassador
3,356,886
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

For me in 2017, zero!

In 2009, 50% of them were short sales.

Sep 14, 2017 10:43 PM
Rainmaker
1,168,122
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Ha ha ha 

Summer, you have to be assigned to get REO

Sep 16, 2018 11:28 AM
Rainmaker
1,603,288
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Summer, did you get your license? 

Sep 03, 2018 08:41 PM
Rainmaker
1,544,130
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Around 1% total now. Fix your picture.

Sep 15, 2017 05:12 AM
Rainmaker
1,447,662
Kat Palmiotti
406-270-3667 (MT), 914-419-0270 (NY), Broker in NY with Grand Lux Realty and in MT with (coming soon!) - Kalispell, MT
The House Kat

In my town, during the last year, 3% of all single family homes sold were short sales, and 13% were foreclosures.

Sep 15, 2017 03:46 AM
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Virtually none. Have done exactly one short sale in the past 7 years and can't remember the last time I did an REO.

Sep 15, 2017 03:12 AM
Ambassador
4,300,592
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

0% for me!

Sep 15, 2017 10:50 PM
Rainmaker
722,560
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I have one bank that I absolutely adore working with, which accounts for about 10% or less annually. Short sales are very rare these days and there has to be a real good reason for me to do one. Otherwise, fortunately it's all equity sales.

Sep 15, 2017 08:41 AM
Rainmaker
705,051
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

0, 0, 0. Won't do them,

Sep 15, 2017 06:34 AM
Rainmaker
1,027,000
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

For the past few years, zero.  For a few years, from 2007-2010, it was probably 50% since I was co-listing with another agent REOs for Indymac Bank.  

And, for the record, despite what the media may have you believe,  our experience was that in every case except one these were people who were gaming the system - renting out the properties, collecting rent from tenants and not ever making the first mortgage payment.  In those days, it took a very long time to get foreclosed on, so there was plenty of money to be had.  The people who were evicted (rarely) or to whom we offered "cash for keys" were the victims, NOT the homeowners.  It was a real eye opener.

Sep 15, 2017 06:11 AM
Rainmaker
933,116
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Bank owned or REo are = foreclosures. Shortsales are pre-foreclosures.

Thank God none since 2011. I've had 2 on the brink of short sale since then, managed to sell them both with enough gain to cover in the end.

2006-2011, 99% were REO & Pre-foreclosures though and I had to become an expert in them to survive.

Sep 15, 2017 04:53 AM
Rainmaker
637,691
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

ZERO!   There are plenty available in our market but I do what I can to avoid the headaches.  

Sep 15, 2017 04:42 AM
Rainmaker
4,432,267
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

None in 2017

Sep 15, 2017 04:35 AM
Rainmaker
1,219,347
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Good luck in the prelicense classes

Sep 15, 2017 03:02 AM
Rainer
177,017
Cheryl Dukes . . . . . Intown Atlanta
Solid Source Realty, Inc. - Atlanta, GA

None.

Oct 14, 2017 08:26 PM
Rainmaker
4,108,630
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Denver we have very little distressed housing, much less than 1%.

Sep 18, 2017 07:31 AM
Rainmaker
525,654
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

10%.

But six years ago it was 90%

Sep 15, 2017 08:11 PM
Ambassador
2,358,341
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

None in a long time.  If you had asked me this a few years ago, the answer would have been 50%.

Sep 15, 2017 06:00 PM
Rainer
64,674
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

This year so far 22% of my business came from either selling or listing distressed sales.

Sep 15, 2017 04:19 PM
Ambassador
1,645,000
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

None any more for the last three or more years.

Sep 15, 2017 02:38 PM
Rainmaker
1,279,027
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

We haven't sold a short sale, foreclosure or bank owened property in several years. There are very few on the market in our area.

Sep 15, 2017 01:29 PM
Rainmaker
445,804
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Please, oh P L E A S E, let us know who your instructor is!

Sep 15, 2017 10:31 AM
Ambassador
3,983,264
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

A very small percentage of my sales are in this type of property, maybe 3-5%.

Sep 15, 2017 10:16 AM
Ambassador
896,486
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

This year I've had none.  A few years ago, most of em were

Sep 15, 2017 10:16 AM
Rainmaker
409,007
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Very few anymore, Summer Luke . During the recession, almost all of our business were these types of properties.

Sep 15, 2017 09:18 AM
Rainmaker
5,039,726
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

fortunately, NONE for my team.... we do land, new construction and resale homes....

Sep 15, 2017 09:14 AM
Rainer
116,885
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Out of the past year, 2 of my buyers bought short sales. 0 bank owned, 

Sep 15, 2017 08:56 AM
Rainmaker
5,425,679
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

For several years, the majority of my sales were foreclosures. You have to select the sector that will best work for you.

Sep 15, 2017 08:43 AM
Rainmaker
1,549,525
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Don't you know a lady never tells!...if I was a lady

Sep 15, 2017 08:41 AM
Rainmaker
1,523,655
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I don't deal with many forclosures or bank owned properties.

Sep 15, 2017 08:38 AM
Rainmaker
1,022,489
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Your photo needs to rotated. My neck gets sore(kidding)...

We had bank owned sales ~9 month, >1 year in short sales it has been almost 100% tradtional sales since 2012.   Home prices have more than doubled or tripled from the brief recession.  No CA-Silicon Valley area.

Sep 15, 2017 07:58 AM
Rainmaker
1,379,217
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Summer Luke Not many in the current market.

Sep 15, 2017 07:51 AM
Rainer
6,350
Melissa Cochran
Planters First Bank - Warner Robins, GA
Mortgage Lending

I am so thrilled to see the market recovering!!!  

Sep 15, 2017 07:35 AM
Rainmaker
2,800,501
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Zero at this time.  I wish you all the best with your course work and career in real estate. 

Sep 15, 2017 07:30 AM
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Very few at present.

Sep 15, 2017 07:08 AM
Rainmaker
3,055,737
Richard Weeks
Dallas, TX
REALTOR®, Broker

< 1%

Sep 15, 2017 06:32 AM
Rainmaker
3,304,571
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

For me in the past few years, none!

Sep 15, 2017 06:14 AM
Rainmaker
3,053,541
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Of those - over 100 Short Sales - we never listed REOs

Sep 15, 2017 06:00 AM
Rainmaker
1,838,865
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It is NOW greatly reduced

Sep 15, 2017 05:31 AM
Rainmaker
3,021,935
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I target bank owned listings even in a good market so mine can be higher than most. 4 out of 10 for me can be bank owne dthese days. Most buyers are cash buyers, they buy, fix and then list the home with me again and repeat.

Sep 15, 2017 05:30 AM
Rainmaker
3,983,365
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't do short sales and vey very few foreclosures.

Sep 15, 2017 05:24 AM
Rainmaker
558,619
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

At the moment I am working on 5 short sale listings, 1 REO listing & 1 straight listing. About a 1/3 of our closings this past year were short sales, the remainder were straight sales & buyers. 

Sep 15, 2017 05:18 AM