Ready2BuyHomes.Org

Thanks for returning, If you're a CASH BUYER & looking for wholesale properties in CO, FL, AZ, CA, NV, TX visit US Wholesale Properties. Buy Wholesale Properties direct from the bank! Thanks for visiting!

Bank of America Executives admitted to a terrible 2009 in which only 30% of their short sales were approved.

True Fact: BofA had one intake center that consisted of 125 fax machines for all short sales documents to be faxed to. In that room 5,000,000 documents came through per month. I think this explains a lot!

True Fact: They currently only have 200 people in the call center to field short sale calls from agents and clients. So your wait time will be… “Two Hours… Fifteen Minutes”

Things are improving and I can vouch for that. Submissions from 2009 are still being lost in the shuffle, but deals in 2010 are moving quicker with the addition of Equator. This is a web-based program in which all files are uploaded… no more faxing. Make sure your Realtor is registered and familiar with Equator.

True Fact: By approving a short sale the bank will recover 12-20% more of the loss than they would if it went to foreclosure.

True Fact: You do not have to be late on your mortgage to get the short sale submitted and approved. You do however need a valid financial hardship.

True Fact: Bank of America is only delegated to make a decision on 30% of the loans they service. The other 70% require an approval from an outside investment group.

The new goal for Bank of America is to approve short sales in 45-90 days. Lets hope this goal is achieved!

admin Market News update, Uncategorized Bank America, Bank Of America, Bofa, Call Center, Equator, Fax Machines, Fifteen Minutes, Financial Hardship, foreclosure, Intake Center, Investment Group, Loans, Mortgage, Realtor, short sale approvals, short sales, Shuffle, Submissions, True Fact, Wait Time

Attention Realtors:

I’m writing this post in hopes of sharing some of the strategies that I use to help homeowners STOP foreclosure. We all know that many people are facing the unfortunate predicament of being faced with foreclosure. Most of the people that are dealing with this are trying to figure out how to navigate through this process and to do it successfully. The problem is that there are few people that really understand the strategic process of how to successfully resolve a foreclosure problem.

Most real estate agents are really good at talking to people and interacting with clients and deliver great service to their clients, but dealing with a short sale is extremely complex.

In talking with a lot of Realtors that have buyer that are looking for properties, most will NOT show them a short sale that is listed on the multiple listing service (MLS).  The main reason why is because there is NO value in a home that is in foreclosure and their client will have to wait until the bank approves the short sale purchase price. this process could take months or even more than a year for this to be completed and truthfully most buyers will have moved on to find another home to purchase.

Real value is created when a home that is in foreclosure has been negotiated and the bank has approved a short sale. This process of creating value is what the new buyer (and buyer’s agent) wants and will then have the opportunity to purchase the property and the Realtor receive their commission. After all this is that everyone really wants — a happy buyer and a happy Realtor that can move on to their next client/deal.

I work with a group here in Denver, CO and we specialize in working foreclosure files and creating this value. We are looking for a few Realtors that are willing to understand our system of how to attack this foreclosure problem RIGHT NOW!

Here are the benefits to working with us:

• Once you have a foreclosure/short sale listing we will place one of our buyers on your property and that buyer will stay to the very end of the short sale process to ensure that the property will be sold
• Our buyers have the funds to close the transaction
• Our firm handles the negotiation with the bank
• A Realtor that refers their listing to us receive 3% of the approved sales price.
• Once 5 Deals have been purchased from the Realtor, the next 5 (deals 6-10) the Realtor received 3.2% and from deals 11-15 the Realtor receives 3.4% commissions and so on…
• Using our proven system, Realtors can find more deals, NOT waste time on the phone with banks, and receive higher commissions then from anyone else working the Denver short sale market.
• Learn the right way to create commission  income from any short sales that you find in the Denver market.
• Complete online training program coming soon. this program will walk you step-by-step on how to find, list and sell your short sale listings for a minimum of 3% commission per transaction.

I invite you to contact me (Mark Coble @ 720.220.7819 or mark@ready2buyhomes.org) to get more information and to complete the application process. We will be having one Realtor workshop per month where you can meet us face to face and discover how you can create great commissions working with our Denver solutions group.

admin Realtors Earn 3 Points w/Short Sales, Uncategorized Attention Realtors, Denver Co, foreclosure, Lot, Multiple Listing Service, Predicament, Real Estate Agents, Realtor

Take a look at thie property located in northwest Denver, CO. This is a short sale and we’re looking for a buyer. You can get more information about this proeprty as well as all others that we have coming up. Signing up has it’s privileges. You’l get notified of all private properties that Realtors will NOT know about. Get the inside scoop on Denver residential homes before the public knows about them.

This is perfect for future first time homeowners, investors, lease/option buyers, and Realtors! Only Realtors that sign up to my mailing list will receive notifications and newsletters

Let me tell you about this home in northwest Denver.

This 4 bedroom 2 bath home has a 1 car garage and is located on a nice quiet street. and is perfect for the ready made family or new family expecting children as well. This beautiful home is close to everything and in walking distance to store, shops and more. Looking to buy a home that is qpproximately 20% below market? sign up at our partner website to get detailed information.

This home will soon be worth more money because we’ve improved the value by bringing it to salable status from a foreclosure situation.  This will make a great investment property or or great woner occupant property the choce is yours!

Get on our mailing list today at www.denverdiscountproperties.com

admin Uncategorized Beautiful Home, Car Garage, Choce, Denver Co, Denver Property, First Time Homeowners, foreclosure, Investment Property, investors, lease option, Money, Northwest Denver, Notifications, Occupant, Private Properties, Privileges, Quiet Street, realtors, Scoop, Walking Distance

admin Uncategorized Colorado Division Of Housing, Consecutive Quarter, Document Getelementbyid, foreclosure, Foreclosures, Px, Three Quarters

WASHINGTON — The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.

admin Market News update, Uncategorized 5 Million, Borrowers, Economy, Federal Effort, Flood, foreclosure, Foreclosures, Jobs, Number Of Households, Pace, Realtytrac, Recession, Rose, Three Months, Unemployment Rate