REOs are picking up again. I have 2 new assignments - maybe 2010 will be a mix of REO and short sale. Have a lockout with the sheriff tomorrow - oh please oh please let them move out in the am before we get there. They have only had 4 extra months after the foreclsoure!!!
Got my first Bank of America short sale on reotrans. It is one of my current short sales that B of A loaded onto reotrans. Very simple to use and I am loving it. My goal is to ramp up as many short sales as possible for 2010 as all indicators are that the next few years will be the years of short sales. The difference though will be that lenders will be embracing these as well. Exciting times.
I am so excited that Bank of America has finally automated their short sale process. I just got my first short sale assigned with them online. I believe this is going to expedite the process for 2010 and beyond. The system allows for all documents to be in one place that you, your client and B of A can access at any time. The short sale process has tasks for you to do and the bank is notified when they are done and visa versa.
Call Bank of America if you are working a short sale and see if you can have your client request you as their agent on the new system. If not, look for this to happen on your short sales going forward.
I know 2010 is going to be the year to help clients with short sales. If you are a real estate agent, start ramping your short sale inventory up now for a success 2010 and 2011.
If you arent a member, sign up for reotrans.com as that is the platform for B of A.
Brigitte Jones
Keller Williams
Associate Broker
BA in Business Administration
Certified REO Professional
Visit my website: www.vancouvermlsonline.com
Listen to my pre recorded KW opportunity call - 712-432-1284 code 358265#
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