Northwest Florida Realtor: March 2011

What Are Your Thoughts About www.OfferSubmission.com?

I wanted to give credit to Dawn for her post on this topic and for following up with her post multiple times in the responses here link is at the top of this post. I tried to hit reblog on ActiveRain but it seems it's still not working. I have found other posts stating they have been having issues with the repost for some time.

I had written a post sometime back, here is a link:

I have worked with my first offer through OfferSubmission.com this week

At the time I had a good experience and wanted to let people know what I could on this new site. Nobody in my area had heard of it and I didn't find any posts about the company on ActiveRain. Time has changed my feelings toward OfferSubmission's great new system.

I read the following response on Dawn's post in the remarks from Ronald Jasgur (Woodward Asset Capital, AKA owners of OfferSubmission):

"OfferSubmission levels the playing field for all buyers agents by ensuring that every offer is presented to, received and decisioned by the bank or institutional seller.  Since offers are submitted by the buyer's agent fraud is eliminated and banks receive all offers (not just those that the listing agent wants them to see)."

The video on their website which you can see on my previous post about them stated, "No longer will the banks have to wait weeks for their offer!" Watching that bothers me as I know I spend a lot of time turning in low-ball offers knowing they are going nowhere. I am up very late some nights to make sure I get offers into the banks the same day. What the above statement really is saying is what they WANTED to say in their video. I think it takes some nerve to come onto ActiveRain to bash REO Realtors as a whole like this.

That is not my only problem with OfferSubmission. The flaw in their system, like the title of this post says, is this:They can get a fast turn-in time directly to the bank. (They do turn over docs in a quick manner, I won't knock them for that. I don't know about 24 hours, but it is quickly.) However, when they run into a possible title issue, they don't know what to do or how to handle it within their system. They state to the buyer's agent directly on their site that the contract is now officialy pending. But look at these emails sent to me and the buyer's agent listed below. They say they have nothing to do with the matter of getting the bank docs signed and back to the buyer's agent, then try to blame the listing agent after already stating that they were aware of the review on title issues with the bank and that there is nothing they can do -- the bank's legal department will send them when they send them.

"2457 LAKEVIEW DR, CRESTVIEW, FL 32536 is now officially "pending" and additional offers are no longer being considered at this time.

We sincerely appreciate your diligence and thank you on behalf of the seller for getting this deal together.

Thank you,

The Agent Support Team"

 From: OfferSubmission Support Sent: Tuesday, January 25, 2011 1:36 PM To:  info@offersubmission.com Cc: 'Brandon Jordan' Subject: RE: Update  

The bank is still awaiting legal release from their legal department as is required of all files in this bank's inventory since the moratorium was lifted on December 22nd.    We don't have any specific information, other than the process is moving forward.  Your timelines don't begin until you received the signed paperwork, and it is likely that the bank will extend closing dates when they execute your contracts.

Howard R.

Agent Support Team

OfferSubmission.com

 From: OfferSubmission Support Sent: Tuesday, March 22, 2011 12:28 PM To: info@offersubmission.com Cc: 'Brandon Jordan' Subject: RE: information

We don't have an update other than the bank is still waiting for their legal department to release this property after a review of the prior foreclosure.  The properties in Florida appear to be taking extra time.

The listing agent should be in contact with the asset manager who is closer to the situation (and who signs contracts).  We don't have any influence over their internal procedures.

Howard R.

Agent Support Team

OfferSubmission.com

I was suprised last thursday when I received the first email from Owen stating they were no longer going to be handling Fannie Mae properties. I had not had a chance to work with Owen all that long just about a year but in the time working with them I have to say I like the company overall. The first Asset Manager I had was moved to a managment position so I was getting introduced to a new asset manager not that long ago. It seem they were unaware of this announcement coming as well. Please see below this was their follow up email from early this week. Just wondering how many Active Rain members were working with Owen?

300 feet of Picturesque Gulf Frontage will be yours to take pleasure in! Breathtaking views are only part of the package when you own at Okaloosa Islands most sought after family retreat! Pelican Isle has a beautiful Gulf front pool, hot tub and fitness center so you can enjoy the view at all times! High enough to get an incredible 360 degree view of the Gulf of Mexico and still low enough to enjoy the sugar white sand and beautiful sand dunes Okaloosa Island are famous for! This fourth floor condo is the best location in the building, you won't miss a thing since you will be right over the gulf side pool and hot tub! This beautiful professionally decorated condo is truly a dream come true, large main living/dining area and kitchen for entertaining. Beautiful and functional Italian ceramic tile floors thru out make for low maintenance and easy clean up! Come see how every detail has been attended to. Rental ready or perfect for a first or second home. Don't miss this exceptional opportunity to own in Okaloosa Islands most sought after complex. Buyer to varify information.

One block away from Highway 85 makes for a quick trip to town or AFB commute. Ceramic tile in the baths and kitchen,ref w/icemaker,smooth ceramic top oven, washer and dryer included. Custom 2" blinds on all windows and door. Oversized single car garage with opener, floor plan is open for a really spacious feel that makes the 1250 sq ft seem larger. Covered back porch to enjoy the summers.

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.

Detached Single Family		.
MLS#:	496561m OfficeFile#:	ListPrice:	$114,000
Status:	Active	ApproxSF:	1,901 BG:
Address:	336 EGAN DR	$/Sqft:
	CRESTVIEW, FL	Bedrooms:	4
Zip:	32536	Baths Full/Half:	2/
County:	OKALOOSA	Stories:	1
MainArea:	25 Crestview Area	YearBuilt:	2005
SubArea:	02 CRESTVIEW SOUTHWEST	OccStat:	Occupied
Subdiv:	ANTIOCH ESTATES S/D 2	ImmOcc?	Y
ParcelID:	35-3N-24-0102-000B-0770	ConstrStat:	ConstrCmplt
ElemSch: NORTHWOOD Middle: DAVIDSON High: CRESTVIEW
Dir:	From Highway 85, WEST ON PJ ADAMS PKY., SOUTH ON EGAN DRIVE.
Legal:	LOT 77 BLOCK B ANTIOCH EST. PHASE II

SHORT SALE.ALL BRICK HOME HAS THE POPULAR SPLIT BEDROOM FLOOR PLAN, MASTER SUITE WITH DOUBLE VANITY SINK, GARDEN TUB, SEPERATE SHOWER/TOILET AREA AND WALK-IN CLOSET. HOME IS ALL ELECTRIC, LAUNDRY ROOM LOCATED INSIDE, FORMAL DINING ROOM, WOODEN BLINDS AND A 2 CAR GARAGE WITH OPENER PLUS WOODEN DECK FOR RELAXING/ENTERTAINING. KITCHEN HAS BAY WINDOW TO CATCH THE VIEW AND LOTS OF CABINET SPACE. BUS ROUTE EXTREMELY CLOSE FOR SCHOOL AGED CHILDREN. OWNER WILL PAINT PINK BEDROOM AND YELLOW BATHROOM IF PREFFERED A NEUTRAL COLOR, HOME IS LOCATED ON A CUL-DE-SAC.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

BANK FORECLOSURE PROPERTY REO. LOVELY SOUTHERN COTTAGE STYLE HOME ON A BEAUTIFUL HALF ACRE LOT ~ TAKE ADVANTAGE OF THE SERENE VIEW WHILE RELAXING IN THE BACK YARD~THE LARGE OAK TREES, AND SEASONAL FLOWERS, MAKES THE MAGNIFICENT LANDSCAPED GROUNDS, A FITTING INTRODUCTION TO A SUPERB INTERIOR~THE CEILING FANS ARE ABUNDANT~2 BEDROOMS UPSTAIRS THAT SHARE A FULL BATH.THE KITCHEN IS PREPARED WITH LOTS OF CABINET SPACE AND TILE COUNTERTOPS/FLOORS WITH A LITTLE TLC THIS HOME CAN BE SUPERB AGAIN ~THE HOME OFFICE IS OFF OF THE KITCHEN AND OUT OF THE WAY OF GUESTS~LARGE UTILITY ROOM FOR LOTS OF STORAGE~FROM THE GENEROUS FORMAL DINING ROOM YOU CAN OBSERVE AND WALK OUT TO THE BACKYARD~~THE PROPERTY BOARDERS WHAT USE TO BE LAKE SILVER,(future of Lake property to be determined by county) PRIVATE CULDESAC NEWLY PAVED - AND DON'T FORGET, SILVER CREEK JUST A FEW STEPS AWAY FOR YOUR SUMMER ENJOYMENT~THIS IS A GREAT HOUSE AT A GREAT PRICE! ~ IN LAKE SILVER 1ST ADDITION SUBDIVISION.

 Year built 1956

Price Assigned 119,000 Foreclosure bank owned property. Remarkable find in east Fort Walton Beach! This extra-large three bedroom block home features an office/den that can easily be used as a fourth bedroom. The roof was replaced in May 2003. The family room was totally renovated in 2004 to include all new drywall with knockdown finish and bull corners, and ceiling fan/light fixtures. The unique u-shape floorplans creates a glassed in Florida room perfect for enjoying relaxing evenings. The over sized master suite features two huge closets and a seperate enterance to the Florida room. Plenty of room for a pool or playset in the expansive backyard.  

Excellent opportunity to own a distressed property Bank Foreclosure on this Two bedrooms and two full baths with some of the best views you will find anywhere. Gorgeous view from Master bedroom and living area, plus this location allows for Bay views from the Balcony as well. Unit will be available to be on rental program. Heated pool, picnic area, on-site manager. Nautilus is a well loved complex. Large kitchen, good size bedrooms and that wonderful wrap around balcony allowing for maximum Gulf views. And...a separate storage closet for all of your beach toys too! Show and Sell!

Detached Single Family		.
MLS#:	513902m	ListPrice:	$99,000
Status:	Active Last Change:	Sale Type:	Short Sale
Address:	195 CABANA WAY	ApproxSF:	1,320 BG:
	CRESTVIEW, FL	$/Sqft:	$75.00
Zip:	32536	Bedrooms:	3
County:	OKALOOSA	Baths Full/Half:	2/
MainArea:	25 Crestview Area	Stories:	1
SubArea:	02 CRESTVIEW SOUTHWEST	YearBuilt:	2005
Subdiv:	RIDGE CREST PH II	ImmOcc?
ParcelID:	18-3N-23-1261-000C-0120	ConstrStat:	ConstrCmplt
ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW
Dir:	Hwy 85 N to Hwy 90 West. After first stoplight turn on Llyod Street and go a few blocks to Ridge Crest Subdivision. Turn left on Song Bird, then left again. Home is on your left hand side.
Legal:	RIDGE CREST PH II LOT 12 BLK C

What a great deal! 3 bed 2 bath close to town with over 1300 sq ft with a large yard and is ready for a family today. The home is located in a wonderful family oriented subdivision and sits on close to the end of cabana which ends into a cul-de-sac for privacy. Also, there are covenants to protect your investment.The kitchen has a breakfast bar that overlooks the great room ,This home also has a split floor plan and the master bedroom has a large walk in closet.This is a short sale and home will be sold as is. With some TLC this could be a doll house.