Patrick Schutte
Certifed Foreclosure

Cell: 928-710-1717
Fax: 866-784-1717

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New Fannie Mae Rule prohibits banks from lowering commissions during preforeclosure short sales

On Tuesday, February 22nd, 2009, Fannie Mae released an announcement with updates to the Servicing Guide used by banks in the U.S.  One of the sections that will impact REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions. You’ve probably seen the following [...]

Why we should be your Prescott area REO team – Reason 2/10

The Top Rated Buyer-Oriented Foreclosure Site and Blog in the Prescott Area  Our buyer focused Prescott market area foreclsoure website, captures leads from prospects interested in REO properties in the Prescott, Prescott Valley, Chino Valley and Dewey-Humbolt market areas.    The site and it’s accompanying blog, place highly on Google’s organic search and generate an [...]

Examples of bad MLS pictures that cost REO asset managers money

Here are some examples of some main MLS photos I pulled from the short sale and REO listings today from the Prescott MLS.   These were the MAIN photos in the listings…typically, if they had more than 1 photo, the other photos were of a similar quality.  Some of these are comical and others are just [...]

Why we should be your Prescott area REO team – Reason 1/10

REAL Marketing, Not “Price it Low, and Let it Go.” As an asset manager, you are probably too busy to follow up with your listings, but did you know that many REO listings are poorly marketed?  It’s probably due to the fact that many REO agents are overwhelmed with inventory and don’t have the back-end [...]