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Nextage Realty Professionals

New Fannie Mae Servicing Guide prohibits banks from lowering short sales commissions

By Jerry Cecil, on February 26th, 2009

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 short sale sellers and REO agents nationwide is the prohibition of banks making the sale of a short sale conditional upon the lowering of commissions.

If [...]

Posted by Jerry Cecil February 26, 2009, 9:51 am

Prescott area foreclosed/REO homes sold in last 10 days > 02-25-09

By Jerry Cecil, on February 25th, 2009

Prescott Area Market Report

Activity in the distressed home market in the Prescott AZ area remains strong with 14 homes closing in the last 10 days that were either bank owned/REOs or short sales.

When banks price these properties below market value, multiple offers occur and prices can exceed asking price even in this  buyer’s market.  Several of [...]

Posted by Jerry Cecil February 25, 2009, 4:13 pm

Press Release: www.PrescottREOS.com launched

By Jerry Cecil, on February 23rd, 2009

Today we launched a new site, www.PrescottREOS.com, to focus on the needs of REO Asset Managers and BPO Service Managers looking for REO partners in the Quad-Cities area of Northern Arizona.

Screenshot of www.PrescottREOS.com…Click to Visit Site

Once fully developed, the site will include a portal to our SureClose listings management system that will allow asset managers to [...]

Posted by Jerry Cecil February 23, 2009, 7:38 am

Prescott area foreclosure market update as of 2-20-09

By Jerry Cecil, on February 20th, 2009

Prescott Area Market Report

The distressed real estate market in the Prescott area was busy again this week with 17 new homes coming on the market, about one in every five homes being listed in the Prescott Arizona Area MLS system. From the sales side they represented about one in every three homes being sold, and [...]

Posted by Jerry Cecil February 20, 2009, 8:37 pm

You love dogs, right? Here’s a great cause

By Jerry Cecil, on February 19th, 2009

Tactical Vests for Dogs

I was reading the little magazine that comes in our unique newspaper, The Daily Courier, and came across an article that made my eyes water a little.

It was about an organization that provides bulletproof vests to service dogs.  They are called Vest ‘N P.D.P (Police Dog Protection) and they raise money to [...]

Posted by Jerry Cecil February 19, 2009, 10:28 am
 
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