Posts Tagged ‘ Los Angeles ’

Weasels Guarding the Chicken Coop?

We have close friends who have moved in and out of real estate investments very profitably over the past few years—and it was not unusual for them to be holding several properties at once. Good friends they are, but they never took our advice about mortgage financing.

Instead, they always used some loan hack who never returned phone calls, was late on all commitments, but somehow managed to get the loan funded—several days late. According to our friends, he could “get any loan funded.” And he did.

This hack has relocated from the Los Angeles area to San Diego and is now one of those non-responsive real estate phantoms who list foreclosures.

It’s deja vu all over again.

It absolutely baffles me that the very folk who helped create this mess are now being rewarded by the lenders they duped. I am amazed at the number of listing agents who are also former loan brokers and wonder how this came to be.

And like Brian Brady and other concerned real estate professionals, I believe that separate licensing should be required of mortgage originators and real estate agents—and that banks and lenders should be vetting their foreclosure representatives more closely.

Far too often, in my opinion, these foreclosure listings are being placed with Continue reading this post

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Posted by: Roberta Murphy on September 4th, 2008 under Buying or Selling a Home, Realtor

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Urban Myths about Real Estate Blogging

Since I speak in front of many real estate agents who don’t know a thing about blogs, I hear the same urban myths associated with blogs.

These myths seem to be circulating among real estate agents as a way to halt the spread of blogging in the real estate industry. Why? Some real estate agents who don’t believe they can blog, or just don’t want to see bloggers as their competition, are threatened by the success stories and buzz associated with blogging.

The urban myths get started in part as a way to preserve the status quo.

I admire and congratulate Louis, Jessica and their team for developing a blog forum on HomeGain, particularly when blogging (for lead generation) is perceived to be directly competitive to HomeGain’s business model of selling leads. And Louis knows it… Louis’ post, The Case Against Blogging is a direct poke… he defines by exclusion some of the obvious qualifications needed to Continue reading this post

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Posted by: Pat Kitano on February 19th, 2008 under Blogging and Social Networking, Guest Bloggers

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2007 In Review – Top 10 Home Selling Cities

Turning over a new leaf at the New Year may be a very good thing this year for some as far as the real estate market is concerned.

Something like “Great in ‘08” seems to have a nice ring to it about now, doesn’t it?

Many of us are indeed ready for a fresh start and will welcome the New Year with open arms.

Personally I think that the bad news is about all out on the table and may be overstated by some real estate pundits, at least in some markets.

I did some checking yesterday, and a number of HomeGain member agents had great success stories in 2007 with just their HomeGain business. In fact, we have agents in CA, NV, PA, TX and VA that increased their HomeGain business, based on the number of closings, from 25% to well over 100% in some cases.

Imagine that!

Those same agents increased their business, based on commissions earned, by from 20% to over 100% again. And that’s just a portion of their overall business.

While real estate news reports during the year centered on the sub-prime meltdown, increased foreclosures across the nation, falling home prices and sales, and mortgage company bankruptcies, Continue reading this post

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Posted by: Peggy Boehm on December 28th, 2007 under AgentEvaluator, HomeGain Market Data, Market Trends

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