Area Foreclosures

[SHELLY]

Whatever, Sheep......Are you sure you're a SHEEP and not an ASS?

So all knowing and negative in your posts. Why is that necessary?

A bit of an "old boys club" ...this realtor group, with lots of pats on the

backs to blogging male counterparts. Some very useful posts by those

who really are trying to help others so I'll just pretend you don't exist.

CO,

I thought your post about the workings of the REO sales was incredibly interesting...please post updates as you get more details.

Thanx,
Shel.

.

 

[TheSheep]

Whatever, Sheep......Are you sure you're a SHEEP and not an ASS? So all knowing and negative in your posts. Why is that necessary? A bit of an "old boys club" ...this realtor group, with lots of pats on the backs to blogging male counterparts. Some very useful posts by those
who really are trying to help others so I'll just pretend you don't exist.

Excellent idea. Much better than the fantasy that there will be "profits for all" in this tsunami of REOs, Asset Managers who haven't a clue and Realtors who will get hit for expenses, reports and they're mainly a part-time group to begin with. The model is a joke regardless of how much time anyone has spent in it.

Of course, this is my fault.

 

[conched out]

To the Sheep

You are tiresome in your hopelessness and attempts to undermine what could otherwise be fun

blogging....such persistant negativism. You have some interesting thoughts to share at times (despite a disorganized and I would say "odd" thought process) and

then your meanness/narcissism breaks through. Do you not see this?

I'm going back to pretending you don't exist so feel free to get the last line in.

 

[Joe Mammy]

There is also a system in place that sole job is to get brokers all over the U.S on board and ready for their use. So basically the asset manager assigns a property to the closest broker and then the tasks start pouring out until the home sells and everyone profits.

Can you expand on this? Maybe a link?

Could you be referring to Asset Link?

 

[conched out]

Will ask my daughter when I see her later and get back to you on a link.

 

[conched out]

Can you expand on this? Maybe a link?

Could you be referring to Asset Link?

JUST SENT YOU A PM...(I think...kinda new to the PM thing).

 

[TheSheep]

You are tiresome in your hopelessness and attempts to undermine what could otherwise be fun. blogging....such persistant negativism. You have some interesting thoughts to share at times (despite a disorganized and I would say "odd" thought process) and then your meanness/narcissism breaks through. Do you not see this? I'm going back to pretending you don't exist so feel free to get the last line in.

This is a forum for thought-counterthought, no? If you want no further comment might I suggest that you simply do not yourself. :angry:

Rather than useless psychological assessments, why not explain how you could possibly expect untrained Realtors to clean up gobs of thousands of distraught properties, still overvalued in a falling marketplace upside down debt to equity through a branch of this here US Gummint! Speaking only of the Countrywide countrywide fiasco here mind you. No BOA, no IndyMac, no, no, no.

Want hopelessness, best not be the first Realtor who has to deal with most of the problems of these REOS to find you get dumped when the Asset Manager can't make his numbers. All for naught, since you will be facing a near impossible sell working with AM's who typically handle 150 properties, case load now doubled. My, won't they be fun to contact. NOT!

Excuse me for my narcisstic orders as I drop that here pearl of wisdom above on the SoCal community.

 

[AAbsolute]

Sorry I'm late in getting back...knee deep in wedding planning for daughter #2 with a 3 month
notice. Per daughter #1...she's overworked and exhausted but relayed the following.
The structure of how they are going to do this in simple terms is basically this. 1. Portal (virtual office) for management and distribution of all 27,000 REOs has just been built for that company alone. My daughter is the supervisor and will be hiring 300 asset managers to handle roughly 300 listings each. There is also a system in place that sole job is to get brokers all over the U.S on board and ready for their use. So basically the asset manager assigns a property to the closest broker and then the tasks start pouring out until the home sells and everyone profits.

Did I understand the thesis? The FDIC has the REO's and has hired a contractor to liquidate same? Who approves the contract offers? Thanx

 

[conched out]

Did I understand the thesis? The FDIC has the REO's and has hired a contractor to liquidate same? Who approves the contract offers? Thanx

Sorry AA. Clearly I am not a realtor nor do I know much about the whole REO/foreclosure
business other than my own recent experience and picking my daughter's brain.
Daughter's brain is tired of being "picked" by me...so am going to have to defer to others
who might have answers to your questions. The group she works with is out of DC and VA...
a young, savvy group of bright young techie grads with alot of out of the box thinking and
a willingness to take risks and THINK BIG.
Anything I have shared is about it for now.

 

[AAbsolute]

Sounds intriguing. Do you know what they call their firm?