The importance of caring for your REO listing

During the influx of foreclosure listings we have experienced, one thing I have noticed is the lack of attention certain agents give to their listings. Why? Well, with a normal listing, especially owner occupied, we as agents are being watched. The seller is here, they are real, and they are watching what we are doing. With an REO, there is an asset manager in some other state and they are unable to really monitor our activities.

But here is the deal.....whose best interest is it in to get the REO listing sold? The investor? Yes. The neighbors of the property? Yes. Me, the Realtor listing the house? DARN RIGHT! And so.....as the Realtor getting paid if and ONLY if the listing sells.....why do some just slap up a photo of the front of the house and call it good?

It costs a lot of time and money to effectively market and present a property, but that is what we get paid for.

The following are before and after photos of my most current foreclosure (REO) listing.....you be the judge.

Before and after photos, living/dining

1399 Sunny, Eugene Oregon
Before and after photos
Living and Dining room
Continuation of blog regarding caring for your REO listing

Before and after photos, kitchen

1399 Sunny, Eugene Oregon
Before and after
Kitchen
Continuation of blog post regarding caring for your REO listing.

Before and after photos, family room

1399 Sunny, Eugene Oregon
Family room
A continuation of caring for your REO post.

The importance of caring for your REO listing

1399 Sunny in Eugene Oregon
Before and after photos
Bathroom

Debates regarding foreclosure issues, part 2

Press Release

Release Date: October 11, 2010

Contact: Katrina Cavalli, (212) 313-1181, kcavalli@sifma.org



SIFMA Calls System Wide Moratorium on All Foreclosures ‘Catastrophic’

New York, NY, October 11, 2010—The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement from Tim Ryan, president and CEO, on the foreclosure moratorium related to issues in foreclosure processing:

“It would be catastrophic to impose a system wide moratorium on all foreclosures and such actions could do damage to the housing market and the economy. It must be recognized that the mortgage market, investors and the health of the economy are all inter-related. Investors in the housing market—including American workers with pension funds, 401k plans, and mutual funds—would unjustly suffer losses in their savings from these actions. Increased uncertainty in the securitization market would further constrain consumer credit and spending, dampening our already unhealthy economic situation. If mistakes have been made in relation to foreclosure processing, SIFMA firmly believes such mistakes should be corrected. It is imperative, however, that care be taken in addressing these issues to ensure that no unnecessary damage is done to an already weak housing market and, in turn, that there is no further negative impact on the economy.”

Debates regarding foreclosure issues, part 1

Wall Street Journal, Oct. 10, 2010. The foreclosure problem isn’t about whether some home owners had their homes wrongly foreclosed upon (there’s been no evidence of that to date) but to what extent banks were taking short cuts on foreclosure procedures in states requiring judicial foreclosures. Banks need to conduct their reviews and correct their processing mistakes, but talk in Congress about imposing a national foreclosure moratorium would unnecessarily disrupt the housing market at a time when it needs to find its bottom and move on.