Posts Tagged ‘Clue’
Haha...I'm BACK!...and You Better "Listen Up"!
Hello again REO Rockstars! As many of you know, I have been a regular road warrior lately, going cross country for weeks at a time to get knee-deep in the trenches with the big shots of the REO world. Accept my apology for the delay in new posts, but trust me, you won't think I owe you anything-nada-when you soak in all of the knowledge that I've gained to share with all of you in the next few months. In case you haven't noticed, things are changing quite a bit in our industry. Banks are telling us of MONSTROUS foreclosure numbers that are looming like giant storm clouds ready to crash down on just about every major city in the country. While many people have been listening to the b.s. being spewed out by the media that "times are getting better", I'm here to tell you that we're merely in the eye of the foreclosure storm-and a TERRIFYING storm it's gonna be.....that is, except for us REO guys!
Multiple MLS(s) - Don't be "CHEAP" just because you are handling REOs!
This one is so easy guys that I cannot even believe how prevalent this problem is here in GA. I don't know how it is in other states, but here we have TWO MLS systems. One is much more popular in suburbia and Metro Atlanta, the other, while it does cover the suburbs and metro area, is much less widely used by agents to locate properties. The problem is that the more popular MLS charges brokers a "transaction fee" when a property sells. Now this is no big deal until you are selling a REALLY cheap property, like an REO. So what do many brokers do?
