Northwest Florida Realtor: October 2010

I am happy to see that so many are using this group forum for posting helpful information and passing along property listing information to others. If you are a member of the group and others in your office have not joined the group send them the link below to invite them.

 

The group has now reached the 100 members mark and has now past 1250 posts.

If you havent joined and you are with Coldwell Banker United its a great place to network.

 

Coldwell Banker United Realtors

 

  

 I have been contacting Equator since the end of Sept. I have been told multiple times that the accounts have been merged but I am still as of today waiting. The post below is just parts of a couple times I have contacted Equator.

10:36:08 AM [Brandon] Chat Start Time: 10/16/2010 04:40:54 PM
Chat End Time: 10/16/2010 04:53:58 PM
Referer URL:
Name: Brandon
Email: brandon.jordan@coldwellbanker.com
Phone:
Initial Question: I have ask for the account Brandon.Jordan@ColdwellBanker.com to be combined with Brandon.Jordan@NorthwestFloridaRealtor.com I was told that was only done on Thursday's. It should have been done this last Thursday as I requested it over a week before?

Chat Transcript
04:42:06 PM [Brandon] I have ask for the account Brandon.Jordan@ColdwellBanker.com to be combined with Brandon.Jordan@NorthwestFloridaRealtor.com I was told that was only done on Thursday's. It should have been done this last Thursday as I requested it over a week before?
04:43:13 PM [Harvey] Thank you for contacting Equator. One moment, please.
04:49:28 PM [Harvey] I apologize sir your accounts have not been merged as of yet. The accounts are in our engineers hands and they will be merged as soon as possible.

 From: Rick Velasquez Sent: Saturday, October 23, 2010 12:51 PM To: brandon.jordan@coldwellbanker.com

Dear Brandon,   Thank you for submitting your support request to Equator Customer Support. Case #******: "Merge Accounts" has been created and one of our Support Representatives will be contacting you upon resolution.   Thank you, Rick Equator Support

Dear Agents-

There is an error in Equator that prevents Pre-Marketing coordinators from simply rejecting  BPO's in the system ( when corrections need to be made), having you correct them and re-submitting.  Since our switch to Equator, the work-around for correcting BPO's has been for us to order an Updated BPO, and send you a message with the changes that we would like for you to make. With this method, you were required to start again with a blank form and fill in all of the information again.

Below is information regarding training for Fannie Mae and Equator. Equator was selected to handle all of Fannie Mae listings and most of all the outsource or AKA asset management compaines have already converted over to Equator some of the asset managment companies had their own portals through their website and some were using other software providers that had a workstation.  

Mandatory Training:

Fannie Mae's use of the Equator platform is unique to their business and will require training regardless of your familiarity with Equator systems. You are expected to attend Fannie Mae webinar training before you begin using the Equator platform to manage Fannie Mae assets. Please click on the link below and register for one of the following online training make-up sessions by October 22nd at 8:00AM (PDT):

Tue, Oct 26, 2010

9:00 AM - 11:00 AM PDT;

10:00 AM - 12:00 PM MDT;

11:00 AM - 1:00 PM CST;

12:00 PM - 2:00 PM EST;

 https://www2.gotomeeting.com/register/869267106  

Wed, Oct 27, 2010

9:00 AM - 11:00 AM PDT;

10:00 AM - 12:00 PM MDT;

11:00 AM - 1:00 PM CST;

12:00 PM - 2:00 PM EST;

 https://www2.gotomeeting.com/register/733429387

Wed, Oct 27, 2010

12:00 PM - 2:00 PM PDT 

1:00 PM - 3:00 PM MDT;

2:00 PM - 4:00 PM CST;

3:00 PM - 5:00 PM EST;

https://www2.gotomeeting.com/register/709750890

Thu, Oct 28, 2010 

9:00 AM - 11:00 AM PDT;

10:00 AM - 12:00 PM MDT;

11:00 AM - 1:00 PM CST;

12:00 PM - 2:00 PM EST;  

https://www2.gotomeeting.com/register/861946650

Frequently Asked Questions:

1. If I'm already utilizing Equator with another vendor or company, do I need to attend Fannie Mae's system training? Yes.
2. I work with multiple Asset Management Providers (AMP). Do I need to attend multiple training sessions? No.
3. How much will this account registration or training cost? The transition to Fannie Mae's REO asset management platform is absolutely free to you, the agent.
4. How will my AMP know that I attended a webinar session? A list of attendees will be provided to the designated AMP after each webinar.
5. I have an account with Equator, however my email address is different from the one I received this email, what should I do?
   1. Contact Equator Agent Help at (310) 469-9167 to have your multiple accounts merged into one account.
   2. Please notify your Asset Management Provider so we have the most up to date email address for you before October 22nd.
6. Equator offers other programs and promotions, do I need to participate? Any other programs or promotions which Equator offers are strictly optional.

If you have any questions about Equator or their REO Workstation, please feel free to contact their support line directly at (310) 469-9167 or at http://www.equator.com, click on ‘HELP'.

I have had multiple asset management companies pull their listings in the last two weeks they had for Fannie Mae and said they are unable to market.

The way I found out was always something like the following:

We have been recently notified by Fannie Mae that a potential title defect was found with regard to the above subject property. At this time we are required to place the file on HOLD, and Fannie Mae will place into Unable to Market status. We are only canceling the listing with you at this time; NOT the assignment.  

You will still continue to monitor the property until such time that the listing will be re-activated; this includes, weekly inspection, utilities, and ensuring that we are secured. The title defect is said to resolve in or around a three month timeframe or beyond at which time we will reinstate the listing agreement. Should anything change we will inform you promptly.  

Fannie Mae has announced the following advertising is ready to launch listed below emails went out this week to all listing brokers.

HomePath® Advertising Launches in Media across the Nation

This week, Fannie Mae launched the HomePath advertising campaign to promote the recently announced HomePath Buyer and Selling Agent Incentive. This integrated campaign designed to reach home buyers, includes online and print advertising over a four-week period beginning October 18 through November 15. A sample of the print ad is attached for your review.

Print Ad Campaign

Print ads will be featured in real estate magazines and newspapers in major markets across the nation including Atlanta, Chicago, Long Beach, Miami, Phoenix, Riverside, Dallas and Houston. Please check out the real estate section for one-quarter page ads in these major publications:

• Atlanta Journal Constitution
• Chicago Tribune
• Los Angeles Times
• The Miami Herald
• The Dallas Morning News
• Houston Chronicle
• Press-Telegram (Long Beach, CA)
• The Press Enterprise (Riverside, CA)
• The Arizona Republic

Online Campaign

In conjunction with the print campaign in major publications, web banners are featured on the publications' web sites listed above. In addition, ads are placed on local and national real estate sites (i.e. Zillow,Trulia and Yahoo!) targeted by markets. Home buyers in designated markets can also learn about the incentive on Facebook.

Welcome to "Pine Lake Estate". This is a truly beautiful 9.29 acre, prestine, park-like locale. The main house is a newly constucted 3 bedroom, 3/1/2 bath, approx. 2,894 sq.ft. brick showplace. It fronts a large lake that has been stocked with many different kinds of fish. It has a dock and is ready for the fisherman in the family to cast his or her line and pull in the big one. It also has a 2 bedroom 1 bath, fully equipped kitchen and living area guest cottage. There is a very large and tall barn, suitable for farm equipment or even horses, they are welcome here! There is plenty of room for riding and it is a great place to take a hike or just sit on the large covered porch, sipping iced tea and relaxing and watching the fish jump in the lake. This home would be a great full time residence or even a weekend get away. It is serene and peaceful and a wonderful place to bring the entire family especially the kids or grandkids. It would also be a safe haven, during strong storms coming in from the Gulf. It even has a "safe room", in the center of the home. It also has an emergency generator. No detail has been overlooked. It is simply breathtaking! Do not miss this opportunity to acquire a family retreat on 9+ acres on a lake and within just a short drive to the beautiful beaches of South Walton or Bay County. It is a great value!

Energy Efficient home on full acre of land this acre is 200 feet wide, where most acre lots are only 125-150 ft, Home sits on a slight hill to catch the southern breezes, yet property is pretty level. Attention to detail went into this home with good sized rooms, very nice floor plan, good storage and closet space; dimensional shingles, Tile in Foyer, Kitchen, Dining, Baths and inside Laundry. Covered Back porch to enjoy the Oak Tree shaded back yard. Micro-Hood, solid surface Self Cleaning Range - many other features to allow this to be a very liveable home!This is a bank Foreclosure REO.

This information is critically important for anyone listing Fannie Mae properties in Florida and the process changes described herein are effective immediately. What's Changing? Beginning today, any new Florida property identified as "owner occupied" or "unknown-occupied" will no longer transfer to the property management company, First Service Realty (FSR). Only properties identified as "tenant occupied" will transfer to FSR. On "tenant occupied" properties, FSR will handle all discussions with a tenant regarding relocation assistance and leases. As long as a property remains occupied by tenant, FSR will continue to monitor the occupancy and manage the property. Once a property is confirmed by FSR as vacant, the property may be reassigned to a Sales Representative or Asset Manager. As a reminder, brokers must comply with the Protecting Tenants at Foreclosure Act which protects tenants' rights after foreclosure. Anyone claiming to be a tenant or a tenant indicating an interest in continuing to rent must be referred to FSR to handle discussions related to leasing. NOTE: There is a new Knowing Your Options (KYO) flyer which no longer contains FSR contact information. You must immediately begin using this new KYO to post upon your initial inspection of a property. The posting must be done even if the property appears vacant. Updated Process ·  Listing broker/agent visits property and posts new, attached KYO flyer (available via the links below), in English and Spanish. Take a photo of the posted KYO.  If the broker/agent encounters an occupant, broker/agent must determine the type of occupant and correctly identify the property status in their system of record (AMN, Equator, or Asset Manager's system). To help facilitate contact between the tenant and FSR, please gather contact information from the tenant and enter it into the system (either Equator or AMN). ·  Listing broker/agent updates property status in Fannie Mae's system of record (either Equator or AMN). Any property identified as "tenant occupied" will be transferred to FSR. ·  "Owner Occupied", "Unknown-occupied", "Personal Property", or "Vacant" properties will be managed by the listing broker/agent. This includes, but is not limited to, any Relocation Assistance discussions, eviction coordination, managing field services, and all other listing broker/agent responsibilities. These property types will not be assigned to FSR. NOTE: Brokers/agents receive system generated information about Cash for Keys amounts. Do not disregard these system generated messages. All Relocation Assistance transactions with Owner Occupants will be handled by the listing broker/agent with the exception of a multi-unit where at least one unit is occupied by a tenant. Relocation Assistance transactions with tenants will be handled by FSR. In the event you handle an outsourced property, the Asset Manager will confirm the amount for relocation assistance.   Questions? Contact your Asset Manager for more information. Attachments FL Knowing Your Options (English) FL Knowing Your Options (Spanish)

Just wondering how REO agents on ActiveRain like to approach Foreclosure visits for the first time after posting KYO. The question do you knock on the door after posting and/or when posting also do you mail out an introduction letter. I am adding this post to the REO group on ActiveRain to see how many comments I can get from the group on how everyone likes to handle this. Not just Realtors from Florida can answer this one.

LOTS AND LOTS OF ACREAGE. TOTAL OF 54 ACRES, WITH 3-4 ACRE LAKE FILLED WITH BASS TO BE ENJOYED ON YOUR BIG DECK. SPACIOUS HOUSE OVER 2500 SQ.FT.WITH 3 FLOORS, MAIN FLOOR, SECOND FLOOR AND COMPLETELY FINISHED BASEMENT.SCREENED INGROUND, 15X30 GUNITE POOL. THE DECK AROUND POOL AREA WILL NEED SOME WORK, POOL IS PRESENTLY NOT FILLED.LARGE GARAGE HAS DUCT WORK AND SYSTEM HOOK-UP TO BE HEATED AND COOLED.NEW PELLA WINDOWS INSTALLED 2006, BIG CORNER FIREPLACE IN VAULTED FAMILY ROOM, PATIO DOORS GOING OUT TO DECK AREA.AVERAGE UTILITY BILL 250.MONTHLY. THE MAJORITY OF THE ACREAGE IS CLEARED. WOODED MOSTLY ON THE PERIMETERS. PERFECT PLACE FOR HORSES, COWS WHATEVER YOU WANT. SMALL STREAM ADJACENT TO LAKE AREA. ENJOY NATURE OUT YOUR BACK DOOR.

BEAUTIFUL ALL BRICK FOUR BEDROOM TWO BATH HOME LOCATED IN SOUTH CRESTVIEW. SIDEWALKS THROUGHOUT THE SUBDIVISIONS FOR THOSE EVENING WALKS AFTER DINNER. NO SEPTICS, HOMES ARE ON SEWER. Standard features include fireplace, trey ceiling in MB, fully-sodded lot, sprinkler system, walk-in closets, wide colonial baseboards, NAFCO tile foyer, 5/8 sheetrock in all ceilings, rounded corners in common areas, large plant ledges, pre-wired for security and surround-sound, On Q Home Wiring System, telephone jacks w/CAT 5 Wiring in all bedrooms and kitchen, cable jacks in all bedrooms, double vanities in MB, 30-yr. Dimensional Shingles, steel garage door with decorative glass, insulated steel exterior doors.