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Realtor Call to Action request NAR involvement on the BPO issue

REALTOR Call to Action - Request NAR involvement on the BPO issue

Thank you for your interest in participating in the call to action of this very important issue. To support this effort, you simply have to send an e-mail to the National Association of REALTORS (NAR). There are three options to send an e-mail:

1. automatic e-mail (if you don't have time to write an e-mail) click here for Automatic E-Mail to NAR,

2. copy and paste e-mail (some e-mail programs will not allow auto population of e-mails so you may have to copy and paste the verbiage), or

3. write an e-mail in your own words.

 

Below are talking points to use when writing your own e-mail. Writing your own e-mail should have a more profound impact with NAR.

 

Please note: At this time, there is no need to call or write a physical letter to NAR, your state REALTOR association, and/or your local REALTOR boards. This e-mail campaign will let them know the resolve of our industry. The internal staff at NAR will tally the e-mails received and forward the net results and messages to the decision makers within NAR. The more e-mails they receive, the stronger the message to support BPOs.

 

Automatic e-mail to NAR, please click here Automatic E-Mail to NAR .

 

Copy and Paste. If the above automatic e-mail to NAR does not work with your e-mail program, click here to copy and paste the e-mail verbiage

 

E-mail in your own words - Talking points:

 

The following are potential talking points that you may consider including in your e-mail to NAR.  Personalized e-mails are powerful; include or add comments that resonate with your experience in the BPO field.  Let NAR know just how important BPO generation and usage is to you, your profession, and your livelihood!  Send your e-mail to bpo@realtors.org

 

  • If you make a significant amount of income performing BPOs, include that amount.  An annualized number will usually sound more impressive than a weekly or a monthly number.

 

  • If BPO production is the primary activity of your firm, let NAR know that BPOs are your business, and performing them is what allows you to remain in business (and a member of the Association).

 

  • If performing BPOs is one of many revenue streams in your business model, emphasize its importance in augmenting your income and in diversifying your revenue opportunities.  You might also speak to the significant contribution to our industry's and nation's economy via the performance of BPOs (i.e., over a billion dollars annually).

 

  • Include examples of related business opportunities that performing BPOs opens to your real estate business.  Examples could be:
    • Performing BPOs allows you to prove yourself to banks/lenders in order to secure REO or short sale listings.
    • Performing BPOs inherently places you in situations where you are perceived as a real estate expert to the public.  Marketing opportunities abound while performing BPOs.
    • Performing BPOs increases your abilities as a real estate professional.  You are paid to determine prices, amenity values, inspect houses, inspect neighborhoods, track market conditions etc...  You perform these functions on a regular basis. 
    • Performing BPOs immerses you in your service area and gets you as close to the pulse of the market as possible.

 

  • BPOs provide critical information to the mortgage lending industry, and they have been widely adopted as a valuation tool due to their accuracy, fast turn times, and cost effectiveness.

 

  • REALTORS® are the most well-informed and up-to-date (relevant) sources to provide critical real estate price information. 

 

  • BPOs are a "win" for the mortgage industry.  In today's challenging mortgage environment, BPOs are a key tool to help distressed borrowers restructure their debt.  In fact, BPOs are recognized as a legitimate home valuation tool by our federal government, with BPOs being recommended within Obama's Homeowner Stability Plan.

 

  • Top-ranked mortgage servicers utilize BPO's when evaluating the best course of action when reviewing short sales, REO strategy, and portfolio reviews.  While appraisals are the preferred product for underwriting newly originated loans; for other purposes, BPOs are faster, less expensive, and are performed by professionals like you, who have their finger on the pulse of their local market.

 

  • Consumers benefit from choice in the marketplace.  Not only are BPOs commonly delivered expeditiously, they also tend to cost far less than other lengthy valuation procedures.  While fast and cost-effective, equally important, BPOs deliver a strong ‘real-world' opinion of market conditions and trends. 

 

  • With the housing market in such a state of flux, having your professional finger on the pulse of the current market and any emerging trends is more important (and relevant) than ever.  Retrospective (past) valuation tools and tactics simply cannot capture the dynamic real estate market in which we find ourselves today.

 

  • To secure the best possible outcome for the distressed property owner speed, accuracy, and low cost are all critical.  BPOs fit the bill.  The housing market recovery, and the larger overall economic recovery, benefit from the availability of BPOs in a free marketplace.       

 

 

 

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0 commentsBrandon Jordan • October 30 2009 07:16PM

What 2 Watch 4

Penn State Women's Volleyball Streak at 87 matches (have not lost since 2004)

I am an Ohio State Buckeye fan but that is a crazy record.

 

 

Also Cleveland Cavaliers with SHAQ and LEBRON try to not fall to 0-3 start going against the Timberwolves at 8 ET tonight. It is the First time the CAVS have had this bad of a start since 04-05 when lebron was just starting out. Jordan won his first title in his 7th year so its time for James to be getting one.

Counter comments made on article written from Northwest Florida Daily

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0 commentsBrandon Jordan • October 30 2009 01:15AM

Article written by Northwest Florida Daily talk of highest and best use getting rid of the refuge idea

All real estate value is based on the concept of "highest and best use." Okaloosa County has a duty to its taxpayers to exercise this principle in relation to the Island Golf Center land in order to increase the county's tax base if the land is sold or to obtain maximum lease payments if it is leased.

A wrong-way decision could cost taxpayers millions or even billions of dollars in future real estate tax payments or lease payments.

Okaloosa County is not performing its governmental functions if it is not actively soliciting proposals to turn this non-performing asset into a revenue source for county taxpayers.

Okaloosa County probably has other non-performing assets that are not of such high value as the subject property, and which would better serve the Emerald Coast Wildlife Refuge and the taxpayers with much less danger of a hurricane wiping them out. I doubt the Island Golf Center property would be a tourist attraction.

"Highest and best use" might be a swimming beach for Okaloosa County residents and tourists. At least this would give the taxpayers a good return on their asset and provide well-deserved recreation for a large number of citizens. The island conference center (another non-performing asset) parking lot could accommodate the "swimming beach" patrons.

- BOB REISENWITZ

 

While I can see where Bob was coming from to make his point of an unused asset that is just his view with giving less value to the natural resources than I might of and saving habitat was what I took from the story. I would say there are other assets in other locations of Okaloosa County that are not being used to the highest and best use that could result in more dollars in other areas. Take a look at Crestview Main Street for example.There were other points of view that raised other views too.

 

see comments on this article click the link below.

Counter comments made on article written from Northwest Florida Daily

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0 commentsBrandon Jordan • October 30 2009 12:54AM

Counter comments made on article written from Northwest Florida Daily

User Image whereami wrote: Bob must be a swimmer. BTW, I don't think real estate valuation is based on highest and best use, but rather current use. Otherwise, any house on highway 98 would be appraised based on commercial value, not residential value. Likewise for acres and acres of St Joe development property. 10/27/2009 8:10 AM CDT on nwfdailynews.com
User Image grunttgh wrote: So when he says ""Highest and best use" might be a swimming beach for Okaloosa County residents and tourists."
He really means "Mr. Reisenwitz: If the County followed your way of thinking we would have no county parks/recreation areas, boat ramps, etc, as all of these properties would be sold to provide revenue sources."

interesting 10/26/2009 1:27 PM CDT on nwfdailynews.com
User Image daveparisot wrote: Mr. Reisenwitz: If the County followed your way of thinking we would have no county parks/recreation areas, boat ramps, etc, as all of these properties would be sold to provide revenue sources. Even your proposal to use this County land as a "swimming beach for residents and tourists" would probably not qualify as "highest and best use" in the eyes of many of our fellow county residents and taxpayers. The Emerald Coast Wildlife Refuge has requested use of only about three acres of the approx. total 35 acres, and I doubt very much (by the comments made at the County Commissioners Meeting on Oct 20) that any of this land will be sold to the group, but perhaps a low-cost lease. I believe it may be possible to have multiple uses for these 35 acres of County-owned land, but I am not in favor of any of it being sold to developers to build more condos. There are already plenty of those on Okaloosa Island. 10/26/2009 12:49 PM CDT on nwfdailynews.com

 

see comments on this article

Article written by Northwest Florida Daily talk of highest and best use getting rid of the refuge idea

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0 commentsBrandon Jordan • October 30 2009 12:52AM

Northwest Florida Daily Newspaper online looking to expand

Reader Comments From the editor: Many of you have expressed concerns about some of the harsh anonymous comments from readers. To remedy that, we are introducing new features. You can create your own blog, publish your news and share your photos with the community. Once you fill out a simple form and leave a verifiable e-mail address, you can set up your profile page. It will display all of your contributions and allow you to track issues and easily connect with others.

We want our site to be a place where people discuss and debate ideas that foster stronger communities. We built this for you. Please take care of it. Tolerate broad thinking, but take action against obscene or hateful material. Make it a credible and safe place worth preserving and sharing.

 

 

 

 

 

 

 

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0 commentsBrandon Jordan • October 30 2009 12:47AM

5808 Hwy 189 and Hwy 4 Commercial building new video

Listing Information

Property Type: Commercial Sales
MLS #: 524787 Price: $110,000.00 Year Built: 1986
Square Feet: 1430        
HOA Fees: Not available        

Subdivision: Not available

Description:

Great location next to the Baker block museum in downtown Baker. Don`t miss this chance to own a commercial property with great visibility on Hwy 189. This property is situated thirty miles from the beaches of the Gulf of Mexico, near Fort Walton Beach, Destin, Pensacola & Navarre on the I-10 corridor also near aerospace hub of Eglin Air Force Base with rapid growth due to BRAC realignment.Also see MLS # 524791 for a chance to own close to a city commercial block in baker.The building consists of two separate storefronts.All brick building with updates some of which include windows and new metal roof.Call today to take a look.

 

 

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0 commentsBrandon Jordan • October 30 2009 12:34AM

Coldwell Banker Beta testing this week

For just two days only, beginning today, October 27th and ending 6 PM Eastern October 28th: we're excited to present the test version of the new coldwellbanker.com "Beta" site! Click here to go directly to the site or type in http://beta.coldwellbanker.com/ in a web browser.

The site made its initial sneak peek debut two weeks ago at the Global Management Summit in Los Angeles, where it was met with a great deal of enthusiasm and excellent suggestions. As we work to incorporate some of these great ideas into the "Beta" launch, currently anticipated for early November, we would like to extend the testing phase to the entire network and are asking all of you to help test drive our new functionality.

Please navigate through the site and check out all of the new functionality, noting what you like and any suggestions for improvement. Please keep in mind that you are seeing a test version, which means that you can expect:

  1. Minor technical glitches
  2. Possibly slower speeds
  3. Lead forms that are able to be filled out, but don't actually send to the agent or brokerage
  4. Pop-ups indicating that some functionality has not yet been completed.

Please share any and all issues, as well as suggestions or questions, by using the comments form on the site in the upper right hand corner, which can be seen here:



What is a beta? A "beta" is simply a website that is functional but still being analyzed to work out any unforseen issues before its officially rolled out. By initially launching the site as a beta version, we will be able to show off this great new functionality, while at the same time still solicit feedback as we continue to build the final product. Again, the actual beta launch is expected for early November. For the next two days, you are seeing just a "test" version of the beta.

So when is the website expected to officially launch? The full site, which will replace the current coldwellbanker.com, is being launched in spring 2010 and offers consumers a comprehensive, upgraded resource that will completely enhance the home buying/selling process. 

What are the key features of the new site?
The most inventive aspects of the site are the groundbreaking property search tools that include:

·             A Google-like property search throughout the site

·             A keyword search, for more precise property results

·             Prominent video display on listings

·            "You May Also Like" feature suggests other relevant properties in the area that have the same features the homebuyer was looking for - very  similar to what Amazon.com does

·             BlueScape search, the first completely visual real estate search based on a homeowners preferences - similar to the popular Pandora.com music site


Combined with our other technology tools including the recent Coldwell Banker mobile application as well as the On Location YouTube channel, the new coldwellbanker.com is the next step in our brand becoming the undisputed real estate industry leader for technology.  We look forward to your feedback!

 

 System Requirements:
-          IE7.x and IE8.x (Windows XP, Vista)
-          Firefox 3.x (Windows XP, Vista and OS X)

© 2009 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated Except Offices Owned And Operated By NRT Incorporated.

 

This was the email sent out to everyone this week I found the site is something to look forward to it has grabbed ahold of the 2.0 marketing and offers everything you could want on sharing listings on all the top sites including Facebook,Twitter, and many more. I look forward to the site being up and running in 2010

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2 commentsBrandon Jordan • October 30 2009 12:26AM

4802 Young Rd Crestview Florida Foreclosure REO property Video

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Property Information for 4802 Young Rd

Property Features

  • Single Family Property

  • Status: Active
  • Area: Crestview Area
  • County: OKALOOSA
  • Subdivision: CORONADO VILLAGE PH 1
  • Year Built: 2005
  • 3 total bedroom(s)
  • 2 total bath(s)
  • 2 total full bath(s)
  • Approximately 2000 sq. ft.
  • Single story
  • Style: Traditional
  • Master bedroom
  • Living room
  • Kitchen
  • Laundry room
  • Master bedroom is 16x18
  • Living room is 20x20
  • Kitchen is 10x18
  • Laundry room is 6x7
  • Central air conditioning
  • Approximately 1.03 acre(s)
  • Lot size is between 1 and 2 acres
  • Elementary School: SOUTHSIDE
  • Middle School: SHOAL RIVER
  • High School

 



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2 commentsBrandon Jordan • October 25 2009 11:42PM

Crestview Foreclosure now under contract REO newman ave

Detached Single Family .
MLS#: 525506 OfficeFile#: ListPrice: $24,900
Status: Pending ApproxSF: 720 BG:
Address: 5248 NEWMAN AVE $/Sqft: $34.58
  CRESTVIEW, FL Bedrooms: 2
Zip: 32539 Baths Full/Half: 1/
County: OKALOOSA Stories: 1
MainArea: 25 Crestview Area YearBuilt: 1980
SubArea: 01 CRESTVIEW SOUTHEAST OccStat: Vacant
Subdiv: METES AND BOUNDS ImmOcc?  
ParcelID: 15-3N-23-0000-0073-0060 ConstrStat: Construction Complete
ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW
Dir: From I-85N drive East on Hwy 90E past Shofner and Newman is next right before you get to schoal river bridge.Turn left on Newman Avenue and home will be on your left.
Legal: BEG NE COR OF SE1/4 OF SE1/4 S195 FT W140 FT N195 FT E140 FT TO POB AS OR

This is a handyman special selling "AS IS". Needs paint and finishing the new laminate floring in doorway of bath and the two bedrooms. 195 feet of road frontage and 140 feet deep on approximately .44 acre lot. Ernest money deposit of $1,000 is required unless paying by cash. PROPERTY TO BE SOLD "AS IS".

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1 commentBrandon Jordan • October 25 2009 11:34PM

Fort Walton Beach 727 Mary Ave now sold

MLS#: 523195 OfficeFile#: ListPrice: $77,000
Status: Sold ApproxSF: 1,175 BG:1175
Address: 727 MARY AVE $/Sqft: $65.53
  FORT WALTON BEACH, FL Bedrooms: 4
Zip: 32547 Baths Full/Half: 1/
County: OKALOOSA Stories: 1
MainArea: 12 Fort Walton Beach YearBuilt: 1958
SubArea: 06 OCEAN CITY OccStat: Vacant
Subdiv: OCEAN CITY ImmOcc? Y
ParcelID: 02-2S-24-213A-000H-0030 ConstrStat: Construction Complete
ElemSch: WRIGHT Middle: PRYOR High: CHOCTAWHATCHEE
Dir: From Racetrack by the fire station, turn south on Pinedale which turns into Mary Ave. The house is on the left.
Legal: Racetrack Rd S/D Lot 3 Blk H

"AS IS"home just waiting for a personal touch. Bathroom has been remodeled. Enclosed porch area, large back yard with wooden fence and building for storage. Home needs updating and is in a good location. It is close to schools, shopping and bases. A great potential for a remodel and update. PROPERTY TO BE SOLD "AS IS".

 727 Mary Avenue, Fort Walton Beach FL

 

I just participated in this sale representing the buyers.

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1 commentBrandon Jordan • October 25 2009 11:26PM