by Robert Wilson | Oct 27, 2016 | Member News
As markets change, real estate agents must adjust to go where the sales are. Agents who merely printed business cards in 2003 typically made a great living, but if they didn’t at least have some interface with REO/HUD listings, chances are they probably didn’t make it through the downturn in the market very well. Similarly, [...]
by Robert Wilson | Oct 27, 2016 | Member News
In June 2016, House Financial Services Committee Chairman, Jeb Hensarling (R-TX), introduced HR 5983, known as the Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs), which is an alternative to Dodd-Frank Act of 2010. The CHOICE Act sets out to give banks the option for relief from certain regulations if they [...]
by Robert Wilson | Sep 30, 2016 | Member News
Whether you’re the owner or the listing agent, rehabbing and managing aged property can be a hassle. While older homes can make great rental properties, they also tend to have more problems, and be more difficult and costly to repair. The most important thing to remember is that rehabilitating a property begins before it’s even purchased, [...]
by Robert Wilson | Aug 19, 2016 | Member News
For REO agents, business diversification is no new concept. As the housing market stabilizes, and REO numbers dwindle to less than 400,000 nationwide, agents are again looking for new outlets of income. Coming as no surprise to some, skyrocketing home prices joined with a struggling job market and new generation of homebuyers, has led to an exploding single-family rental sector. According to Pro Teck Valuation Services, [...]
by Robert Wilson | Dec 29, 2015 | Member News, Point of View
As the year comes to a close, we reached out to FORCE agents across the country to see what they anticipate in the REO market for the year ahead. FORCE agents are expecting an increase in business in 2016. Many expect plentiful REO inventory in the New Year. Foreclosure inventory has been on [...]
