Patrick Schutte
REALTOR®, CBR, e-PRO
Certifed Foreclosure
Specialist

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, www.prescott-area-foreclosures.com 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, http://blog.prescott-area-foreclosures.com 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 [...]

FAQ on Short Sales from the AAR and Michelle Lind

This article was written by Michelle Lind to address the rising number of short sales occuring in Arizona and to help brokers and agent deal with some of the issues involved. The increase in the number of short sales has resulted in many questions pertaining to the unique nature of these transactions. Many of these [...]