Comments on: The Life and Times of An REO Field Agent: Part 1 http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/ Just another WordPress weblog Thu, 18 Mar 2010 21:35:20 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Brian@Diamond Engagement Rings http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1679 Brian@Diamond Engagement Rings Fri, 26 Jun 2009 02:05:18 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1679 I can only imagine how hard it is to be in the housing industry at this time. Hopefully the economy and the housing industry will improve before things get worse. I can only imagine how hard it is to be in the housing industry at this time. Hopefully the economy and the housing industry will improve before things get worse.

]]> By: Destin Real Estate http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1593 Destin Real Estate Mon, 01 Jun 2009 04:51:31 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1593 Your article is spot on! I list and sell REO properties and have accompanied many asset manager representatives on their initial visit to a property. You never know what to expect. I've been to homes that were in good condition as if the previous owner was still living there. However, in a few instances, we have walked into an absolute disaster. It's as if the previous owners were going about normal daily activities at the time of eviction. For example, trash still in the trash can (this stuff starts smelling pretty quickly when the power is off), partially eaten bowl of cereal on the table, clothes in the washing machine, etc. It's sad to see those things because it humanizes the foreclosure issue. I try to keep the emotion out of the equation though because it is my business. Most of the assett manager guys (the ones doing the grunt work) are super. I never get tired of hearing the stories that they tell. Your article is spot on!

I list and sell REO properties and have accompanied many asset manager representatives on their initial visit to a property. You never know what to expect. I’ve been to homes that were in good condition as if the previous owner was still living there. However, in a few instances, we have walked into an absolute disaster.

It’s as if the previous owners were going about normal daily activities at the time of eviction. For example, trash still in the trash can (this stuff starts smelling pretty quickly when the power is off), partially eaten bowl of cereal on the table, clothes in the washing machine, etc.

It’s sad to see those things because it humanizes the foreclosure issue. I try to keep the emotion out of the equation though because it is my business.

Most of the assett manager guys (the ones doing the grunt work) are super. I never get tired of hearing the stories that they tell.

]]> By: Al Thompson http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1579 Al Thompson Tue, 26 May 2009 09:38:06 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1579 can you get into that aspect a little bit ? can you get into that aspect a little bit ?

]]> By: Charles@Las Vegas Homes http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1558 Charles@Las Vegas Homes Thu, 21 May 2009 19:34:06 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1558 One word of advice: NEVER OPEN A REFRIGERATOR IN A REO! Some of my wife's clients failed to follow her advice twice on the same outing! That isn't the worse house I've seen by far. We've had some here where the prior owner put cement down the plumbing. The foundation had to be jack hammered out to fix it. <abbr><em>Charles’s last blog post..<a href="http://www.lvrealty.net/news/las-vegas-housing-market" rel="nofollow">Las Vegas Housing Market: Foreclosures Down, Sales Up</a></abbr></em> One word of advice: NEVER OPEN A REFRIGERATOR IN A REO! Some of my wife’s clients failed to follow her advice twice on the same outing! That isn’t the worse house I’ve seen by far. We’ve had some here where the prior owner put cement down the plumbing. The foundation had to be jack hammered out to fix it.

Charles’s last blog post..Las Vegas Housing Market: Foreclosures Down, Sales Up

]]> By: Steve@Purina Dog Food Coupons http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1553 Steve@Purina Dog Food Coupons Wed, 20 May 2009 19:39:48 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1553 I'm always amazed at how people leave their homes when they get foreclosed on. I wouldn't exactly mop the floors or anything but just leaving piles of garbage like that is discussing. Thanks for the inside scoop on how bank owned properties are mangaged. Steve I’m always amazed at how people leave their homes when they get foreclosed on. I wouldn’t exactly mop the floors or anything but just leaving piles of garbage like that is discussing.

Thanks for the inside scoop on how bank owned properties are mangaged.

Steve

]]> By: Tenafly Real Estate http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1552 Tenafly Real Estate Wed, 20 May 2009 07:37:18 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1552 Really Interesting Post. I thinks Yes We all know that the banks in Every country are inundated with properties that they were forced to take over and now have to try and sell. Really Interesting Post. I thinks Yes We all know that the banks in Every country are inundated with properties that they were forced to take over and now have to try and sell.

]]> By: The Life and times of an REO Field Agent: Part II | San Diego Real Estate News http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1548 The Life and times of an REO Field Agent: Part II | San Diego Real Estate News Tue, 19 May 2009 21:30:04 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1548 [...] Welcome to Team Aguilar's Real Estate Blog! Please use the categories on the right to search different real estate news by subject. « The Life and Times of An REO Field Agent: Part 1 [...] [...] Welcome to Team Aguilar’s Real Estate Blog! Please use the categories on the right to search different real estate news by subject. « The Life and Times of An REO Field Agent: Part 1 [...]

]]> By: Steve Hysinger http://www.teamaguilar.com/blogs/the-life-and-times-of-an-reo-field-agent-part-1/comment-page-1/#comment-1546 Steve Hysinger Tue, 19 May 2009 14:28:24 +0000 http://www.teamaguilar.com/blogs/?p=869#comment-1546 Very interesting. I drove by and looked at a bank owned home last week. My client wanted to make an offer but the Realtor said it had not been priced yet and we could not even get in the door. Can you get into that aspect a little bit ? What transpires from the Realtors side from the day he gets the listing ? Clean up ? Appraisal ? Are there rules that govern how these homes are marketed or do they sometimes get sold by a Realtor to his investor without ever getting to market? Very interesting. I drove by and looked at a bank owned home last week. My client wanted to make an offer but the Realtor said it had not been priced yet and we could not even get in the door. Can you get into that aspect a little bit ? What transpires from the Realtors side from the day he gets the listing ? Clean up ? Appraisal ? Are there rules that govern how these homes are marketed or do they sometimes get sold by a Realtor to his investor without ever getting to market?

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