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Not a Good Post Here

Hey everyone, can I do a rant??Is there enough frustrating me to fill up a sentence or two? I'm chasing foreclosure cases full time now, and it's unbelievable how people will let a home go back for nothing, lose their credit, and be stuck with the deficiency judgment.

ButttttttNOOOOOOOO, we aren't in Foreclosure. We don't have any problems. Or We have talked to the bank, they are sending me a package to fill in. Sounds like a hardship doc pack, you know, the one you get when you start foreclosure.

Does anyone else out there work the Lis Pending files. There are too many. There's not time to argue with people who don't want any help. I guess you can only work with those that will accept help.There are more deals happening but the media is telling everyone its not time to buy yet. The banks are buying America folks.

I don't care about all the gamers here on Active Rain. Who are they fooling anyway. There is a saying I like. It goes something like this....If life is a garden, then you have to work hard on planting what you want in your garden. Roses have to be planted and nourished, so do tulips. Almost anything you want in your Garden of life will take and effort to grow,

But not weeds. Weeds just happen. You don't have to plant weeds. So think about your job, your career, your life. Are you nourishing the plants you planted, are are the weeds of discontent choking your life out. Pull the weeds, burn em up.Focus on what it is you want, it will happen. If you don't get it one way, go another.

The saying that says "You only lose when you quit is not quite right." You can also lose when you keep doing what is not working. Find something that works and keep it working. Keep expenses down. DOn't buy wonder products from salesman that help the salesman and screw you over.

Find mentors in your life, and try modeling after them. Why not attempt to emulate successful people instead of trying to re invent the wheel over and over. Just see what works and do that. Do that a lot!!! Find someone with similar goals in your office and make life more interesting by sahring your strengths and compensating for your weaknesses.

Posted by Mike Norvell Sr., Developers Capital Realty on 11/13/2007 11:07 PM

Comments (6)

training, rants

6 Comments on Not a Good Post Here

No need to be a rant Mike....this is actually okay to "express" yourself...

Everything in my life takes effort....I just put a similar comment on another post :) but....it is all relevant.

I watched Anderson Cooper interviewing Deepak Chopra and Dr. Oz this evening discussing success for one. Success lies within. If I'm at peace within ....with me....then happiness, health prosperity and success dutifully follow. I truly believe that and live as such. I want to age with grace at this point in my life...and my legacy I leave behind will be that I was one happy content being and enjoyed the success I found within. :)

BTW...I enjoyed your comment and left you a lengthy one as well. :)

11/13/2007 11:22 PM

by Celeste "SALLY" Cheeseman (RA), e-PRO HAWAII Relocations & HAWAII Real Estate (Century 21 Liberty Homes -Mililani, Hawaii)

Home prices have dropped by 50% from the highs of the end of 2005. I include short sale info with my listing packages now because if I go on a listing appointment, and they bought the home in the past few years, they probably are a short sale, or money to close.

The banks are buying america, great point. The lenders need to work better on making it easier to short sale. I think a great solution would be to give the "stuck" person a personal note. Of course they are a high credit risk, but the bank is going to either get the house back, or take less in a short.

Why don't they do an unsecured lein for the borrower and have some chance of getting money, instead of forcing the borrower to go bankrupt, and screw up their credit? It doesn't make sense.

11/13/2007 11:33 PM

by Joe and Molly Murphy (Coldwell Banker)

Why don't they do an unsecured lein for the borrower and have some chance of getting money, instead of forcing the borrower to go bankrupt, and screw up their credit? It doesn't make sense.

11/13/2007 11:33 PM

by Joe and Molly Murphy (Coldwell Banker)

Good morning Sally,

Wasn't really a rant as much as observations of my day. For me, it was a good day. I work with investors finding below market homes to purchase. Plus, I am building a clientele of buyers for homes and we are working with them to get them qualified to actually purchase. Most of the people we run into in these foreclosures are at wits end, I try to offer solutions. But solutions mean having a plan to change. I can't imagine being 5-8 months behind on a mortgage, but one couple today had a fresh Real Estate sign in the yard. It goes to auction in 2 weeks. They have already done the bankruptcy and now there are no more options besides pay, or move. The wife told me they have an open house this weekend and have high hopes. ......Reality is out the window. ...My offer would net them 8,000 in cash and pay off the house. It will be tight to get it done now, but we could. ...Nope, the Realtor said the open house will bring buyers...

I call the Realtor,off the yard sign; tell her we would like to make an all cash offer, she tells me that not to bother, she has control of the house now. As I thank her and hand up, I begin to laugh, and just say next. The pile I haven't got to yet is still over a foot tall.

11/14/2007 08:12 AM

by Mike Norvell Sr., Developers Capital Realty (Developers Capital Realty, LLC)

Hello Joe and Molly,

The amount of homes going thru this process is just unreal. It would be higher but many people with integrity and decent paying jobs are fighting to save their credit and hoping for a market recovery to where they purchased the homes. They are watching newer, better homes in the same subdivision going for 40,000 less. It has to hurt. I talked to a couple who called for help a few weeks back. They are making 80K per year and have sold down to the absolute necessities in their life. No cable, no big-screens, its all gone to make the payments. The sad thing is they somehow got talked into a third, THIRD mortgage on their home to make up payments they were already behind.. My advise to them was to quit paying the $ 4,700. per month for a few months and have a cash downpayment on a owner finance for half the money and 1/3 the payment. I hope they do this, they are at a breaking point. By the way, they of course had an interest only note, it didn't matter if they made the payments, they were never going to catch up.

11/14/2007 08:27 AM

by Mike Norvell Sr., Developers Capital Realty (Developers Capital Realty, LLC)

I think it is very important to have mentors in this business and I know my business did dramatically increase when I found my wonderful mentor.

Todd

11/20/2007 12:55 AM

by Todd Clark (Realtor), GRI (Your Washington Co. Real Estate Expert) (Kastings & Associates)

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