Walton.realforeclose.com

I'm curious how they have such a nice relationship to the Clerk of Courts and wondering how someone as "honorable" as our Clerk would lend her name and image to a commercial website?

She may just now learning about it.

I think this site is not commercial. I remember hearing about this at a public meeting a long time ago. I'll investigate further and post back.

Looks pretty commercial to me:

Realforeclosure.com - Real Foreclosure
www.sunbiz.org - Department of State

It is a private site, and commercial, but I suppose it could be a contractor hired by the county to facilitate transactions.

It is a private site, and commercial, but I suppose it could be a contractor hired by the county to facilitate transactions.

Why is this any different than the commercial services used for tax certificate sales? Putting this stuff on the internet with thousands of more buyers could possibly lead to more dollars for the foreclosures. Would that be a bad thing?

Why is this any different than the commercial services used for tax certificate sales? Putting this stuff on the internet with thousands of more buyers could possibly lead to more dollars for the foreclosures. Would that be a bad thing?

No, it's just interesting that this would be the first info on a commercial endeavor by the Clerks office. One would think that with the potential dollars involved that the BCC would have bid it out.

I know you repubs like no-bid contracts, but usually those seem to be for military projects.

Looks like they contracted with this company to unload all the auction sales they are currently doing at court house? The company seems legit in terms of working with counties to unload property -

Realauction.com

If this is saving the county tax dollars somehow, I'm all for it.

Why is this any different than the commercial services used for tax certificate sales? Putting this stuff on the internet with thousands of more buyers could possibly lead to more dollars for the foreclosures. Would that be a bad thing?

The potential problem would exist if they are trying to make money by selling real estate without a Real Estate Broker's license or an auctioneer's license. I'm not saying they are, as they may simply be a marketing tool for the County, but that is where the FL Real Estate Commission (FREC) would want to make sure they are following the law.

The potential problem would exist if they are trying to make money by selling real estate without a Real Estate Broker's license or an auctioneer's license. I'm not saying they are, as they may simply be a marketing tool for the County, but that is where the FL Real Estate Commission (FREC) would want to make sure they are following the law.

This would make it hard for licensed professional to compete, huh?

No, it's just interesting that this would be the first info on a commercial endeavor by the Clerks office. One would think that with the potential dollars involved that the BCC would have bid it out.

I know you repubs like no-bid contracts, but usually those seem to be for military projects.

Most of us Repubs also passed a civics class and know that selling foreclosures is not the business of the BCC. I am not seeing the commercial endeavor. They have hired a professional firm to assist them with doing a job that I imagine is a bit more overwhelming than it has been in the past. And they appear to be doing it in a way to maximize the returns for everyone involved. More than likely being done quite a bit more efficiently than the government could otherwise perform the task. And I am sure well within applicable Florida statutes.

This would make it hard for licensed professional to compete, huh?

Not at all. These appear to be the properties which would be auctioned off by the County, and the County does not pay Brokerage fees for any agent bringing a buyer.

It is just a law that in order to practice real estate sales, that a person must be licensed in real estate sales or auctioneering, in order to "protect the public."

Not at all. These appear to be the properties which would be auctioned off by the County, and the County does not pay Brokerage fees for any agent bringing a buyer.

It is just a law that in order to practice real estate sales, that a person must be licensed in real estate sales or auctioneering, in order to "protect the public."

Seem like Walton is simply broadening the demand for auctions by also taking bids online. I don't see anything there indicating they are selling properties, it's an online auction service. The county obviously has the right to auction porperty.

yes, the County does have that authority to auction property. The only question is does this company have an auction license? or are they just a marketing firm for the County? As long as they are following the rules, and properly given the authority by the County, I think this could be a useful tool. I'm not suggesting that they are anything other than legitimate.

Here is a new website to help you bid online for foreclosed and tax sale properties in Walton and a few other Florida counties. Walton is set to start in March. www.walton.realforeclose.com

Well, Walton County contributed to the problem with excessively high tax rates, so I am not surprised they have set up a site such as this. Just hope they are prepaired to run their budgets on 1980's property tax assessments/rates.

Most of us Repubs also passed a civics class and know that selling foreclosures is not the business of the BCC. I am not seeing the commercial endeavor. They have hired a professional firm to assist them with doing a job that I imagine is a bit more overwhelming than it has been in the past. And they appear to be doing it in a way to maximize the returns for everyone involved. More than likely being done quite a bit more efficiently than the government could otherwise perform the task. And I am sure well within applicable Florida statutes.

No it's not the business of the BCC, but if the Clerk of Courts (who's business it is) is hiring a company to help then I'd like to see the county spend as little as possible or at least bid it. We have tons of Real Estate and Auction companies locally. Why go with a company from South Florida? You seem to speak with county commissioners on a regular basis (http://www.sowal.com/bb/local-government/32824-bed-tax-spike-table-walton-county-florida.html) why not ask them if this is actually associated with the county and why it was not bid out if the county is in fact paying for it?

It is just a law that in order to practice real estate sales, that a person must be licensed in real estate sales or auctioneering, in order to "protect the public."

:roll:

[Dr Phil] "And so, how's that working for us so far?" [/Dr Phil OFF]

.

:roll:

[Dr Phil] "And so, how's that working for us so far?" [/Dr Phil OFF]

.

If the gov't doesn't regulate it, it is much more difficult to prevent the public from people selling real estate, no different than most other businesses or even your license to drive. It just gives the gov't the ability to pull licenses as punishment for violations. Real estate is still "buyer beware," and just because a licensed agent is selling the property, doesn't mean that they know what the he-double-L they are doing. (obviously, I don't believe the public is "protected" by licensing of anything. It is mostly reactionary protection, rather than active protection.)

If the gov't doesn't regulate it, it is much more difficult to prevent the public from people selling real estate, no different than most other businesses or even your license to drive. It just gives the gov't the ability to pull licenses as punishment for violations. Real estate is still "buyer beware," and just because a licensed agent is selling the property, doesn't mean that they know what the he-double-L they are doing. (obviously, I don't believe the public is "protected" by licensing of anything. It is mostly reactionary protection, rather than active protection.)

Are there any groups or associations for Realtors that have taken a position on the commission rates for real estate transactions? Do you have any impression about when usual or customary Real Estate commissions will come down to 3 to 4 %? There are some at JOE who have knowledge/belief that there is a fundamental shift in motion.

Are there any groups or associations for Realtors that have taken a position on the commission rates for real estate transactions? Do you have any impression about when usual or customary Real Estate commissions will come down to 3 to 4 %? There are some at JOE who have knowledge/belief that there is a fundamental shift in motion.

No bigger NO-NO exists than collusion to set commisions, gas prices, health care fees. etc.

No bigger NO-NO exists than collusion to set commisions, gas prices, health care fees. etc.

Have you ever seen the billing side of being a Dr? Check out the Medicare CPT's (HCPS) that set the State by State standard pricing for Common Procedures. Most insurers use them as the benchmark.

I loved E0277, E0652, E1390 and any of the E0001 through E0004 variations.

Don't even get me started on petroleum (today that is)

Have you ever seen the billing side of being a Dr? Check out the Medicare CPT's (HCPS) that set the State by State standard pricing for Common Procedures. Most insurers use them as the benchmark.

I loved E0277, E0652, E1390 and any of the E0001 through E0004 variations.

Don't even get me started on petroleum (today that is)

I have no idea what point you are trying to make AA, but it is a major antitrust violation for me as a Doc to meet with other Docs and set our fees. We are cautioned against even bringing the subject up in casual conversation. A lot of Realtors would have the public think that there is a standard and expected commission that "motivates" Agents to work their listing, but I say it's their fiduciary obligation and the free market that controls this aspect.

Are there any groups or associations for Realtors that have taken a position on the commission rates for real estate transactions? Do you have any impression about when usual or customary Real Estate commissions will come down to 3 to 4 %? There are some at JOE who have knowledge/belief that there is a fundamental shift in motion.

Interesting point AAB. What are customary RE commissions for the area now?
AAB also perhaps you can start another thread about realtor commissions and the profit margins of builders from 2002 to the present.

walton.realforeclose.com (and other site) was allowed by legislation July 1, 2008 Ch.45.03 FS or something like that to assist county clerks. Not much happening on the county steps these days other than banks keeping the properties.

Are there any groups or associations for Realtors that have taken a position on the commission rates for real estate transactions? Do you have any impression about when usual or customary Real Estate commissions will come down to 3 to 4 %? There are some at JOE who have knowledge/belief that there is a fundamental shift in motion.

It's pretty much a given that the 6% real estate commission will be one of the things left behind in the ruins when we eventually emerge from this recession.

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I have no idea what point you are trying to make AA, but it is a major antitrust violation for me as a Doc to meet with other Docs and set our fees. We are cautioned against even bringing the subject up in casual conversation. A lot of Realtors would have the public think that there is a standard and expected commission that "motivates" Agents to work their listing, but I say it's their fiduciary obligation and the free market that controls this aspect.

The law is frought with hypocracy. You mentioned pricing and colusion within healthcare. The government has set the price for thousands of medical procedures. They do so through common procedure codes (CPT's) and HCPS. You can charge Medicare whatever you want, but they will pay you the price they have set. That's all.

I imagine with Safe Harbor and Qui Tam that you Dr.'s are prohibited from talking price with one another, but that doesn't mean that the Government is prohibited from price setting. It's already done.

For you and I it would be racketeering, for the Government it's fine.