Video 75: Bank of America is known for their slow short sale approval time. One of the reasons is the negotiators are way overworked. Bank of America really needs to hire more short sale negotiators, but of course that costs money so here I help BoA with a money saving activity. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
This is the last Top 10 post of the year, we will return on January 4th, 2010.
1) Squat – Want to hear a great amazing story of someone totally scamming the system for personal gain? Fast forward to about 5:45
2) Surprise! Fannie & Freddie Get Blank Checks, Executive Bonuses Skyrocket – If there is anyone in America that should not be getting a bonus this year is the leaders of Fannie and Bank of America. Talk about two organizations that have their head completely up somewhere the sun don’t shine. Fannie is losing billions a quarter and they make it completely impossible to do a short sale which causes them billions more, they really need to get a hold of the situation before they deserve a paycheck never mind a bonus.
3) Are You Wearing Your Crash Helmet? Forecasting the Real Estate Market – Housing recovery still 2 years away?
4) Does the Mortgage Modification Program Lower Credit Scores? – How does the HAMP and loan modifications effect your credit score? Shouldn’t the real question be does it matter because who is getting them done successfully?
5) Dual Agency, Double Commission, and a Bad Idea For You. – Dual agency is always a hot topic around real estate agents. Just make sure if you are a buyer or seller that someone has your back.
6) Case-Shiller House Price Graphs for October – The Case-Shiller numbers for October are out, as always when I post these numbers remember, all real estate is local and your market may vary greatly.
7) There’s A Very Good Reason Why The New Home Sales Data Plunged In November 2009 – Did the threat of the home buyer tax credit expiring effect the November new home sales? Dan Green makes a good argument it did.
8) Don’t Take No For An Answer – Short Sale Power Hour 12-29-09 – Seen the new video blog for “Short Sale Power Hour?” They are putting out some very interesting content on a daily basis.
9) The Next Wave of Foreclosures – Another topic that seems to be a daily topic for the last 6-7 months, is a new wave of foreclosures coming? For every run for cover it’s coming, I can show you a contrasting piece. This is one of the rational posts, maybe I think that because we come to the same conclusions.
10) A Rebuttal to the RESPA Reform Poem – The last post on a the new GFE before they become law.
1) Bank of America, RE/Max and Wells Fargo. From Very Bad to Great. – Great write up by Russell Shaw, hopefully BoA is paying attention. And Russell, it has been a while, keep the posts coming.
2) Is a Short Sale Backlash Starting Against Bank of America? – Here is evidence that we really can make a difference. I actually talked to someone who works for BoA who stated executives had seen this letter and it was an eye opener. Now to see if they can actually act on it.
3) A Simple Rule of Thumb Could Save You Thousands On Your Mortgage – When to refinance?
4) A Vook for the holidays — Keeping it Real (estate) – What’s a vook? A combination of video and a book working together. What better way to get acquainted with them than with Kris Berg.
5) Quick Answer Series: When Should I Give Up on a Lead? – Good video on following up with online leads.
6) The Spirit of BarCamp (Part 2): Principles of REBarCamp – Rob Hahn continues his look at REBarCamps and why you should be attending one this coming year.
7) An Alternative Approach To Home Buying – Ardell sells this as info to help buy a house, but this is great info for those looking to sell too!
8) Predictions for 2010 – From Greg Cooper’s son and one from Ken Montville.
9) Realtor Survival Guide for 2010 – Wondering what to do with your online presence in 2010? Here is a good place to start.
10) Merry Christmas from the Chumbley Family – So everyone and their cousin did a Merry Christmas message to their clients. It’s hard to get a message like that wrong, but it is even harder to make it really stand out. I saw several dozen messages, this by far was the best most creative.
1) CNBC sheds some light on the “Shadow Inventory” – Interesting conversation with a Bank of America employee on the ‘Shadow Inventory’
2) Bank of America retard division for short sales – This post by Russell Shaw is put out there like only Shaw could do. It is a great read, one in which Bank of America heads should take the 5 minutes it takes to read it.
3) Multiple offers and “winning” the bidding war – Heather Barr has a good post here on what happens when you get into bidding wars in today’s market as a financing buyer.
4) Top 10 first time home buyer mistakes – These posts seem to come up often, but always worth a read for any first time buyers out there.
5) Bing – The early bird gets the worm – For those of you who may want to consider trying to optimize your site for Bing search engine, this is a good post.
