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#48748 - 07/06/06 12:58 PM Little Slow......
Solace Offline
Member

Registered: 07/01/06
Posts: 15
Loc: San Diego
My order load has fell off in the past 2 weeks out here in So CAL. I was hoping for a wave of orders after holiday but I haven't seen it yet. Any one else seeing a drop off? especially EML..

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#48749 - 07/06/06 01:29 PM Re: Little Slow......
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
Last week was my slowest week in months. This week it's business as usual. I'm swamped. I hope it picks up for you.

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#48750 - 07/06/06 03:59 PM Re: Little Slow......
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 852
Loc: Los Angeles, California
I am slow this week too in Los Angeles. I have done maybe 5 orders. I did about 14 prior to the holiday weekend, which is alot for me.

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#48751 - 07/06/06 06:06 PM Re: Little Slow......
Angie 0729 Offline
Major Contributor

Registered: 08/08/04
Posts: 1610
I was swamped last week, and slow this week but I just got 5 order today..hopefully the slow period is over for me this month...

Angie

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#48752 - 07/06/06 08:33 PM Re: Little Slow......
Solace Offline
Member

Registered: 07/01/06
Posts: 15
Loc: San Diego
3 today, so not to bad.... CC is almost impossible to accept orders from. I have outlook set to refresh every min, I click to confirm right as it comes in and still miss them.

I'm still trying to get into Fidelity, everyone says it can't be done, but I'm very charming. \:\)

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#48753 - 07/06/06 08:50 PM Re: Little Slow......
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
Solace - You better say that at a whisper. There may be BPO reps lurking and dropping the California fees in the a.m.

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#48754 - 07/06/06 09:02 PM Re: Little Slow......
Solace Offline
Member

Registered: 07/01/06
Posts: 15
Loc: San Diego
I hope they know I was joking... edited anyways. \:\)

Do AM's get mad if you are unable to workout CFK offers. The ex-owner ask me for $75,000 to move today, I tried hard not to laugh.

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#48755 - 07/06/06 09:14 PM Re: Little Slow......
zephyr Offline
Major Contributor

Registered: 08/10/05
Posts: 1662
Loc: Missouri
My orders have picked up tremendously all through June, and 5 new orders today- none are anywhere near each other! Until june, i averaged about 3-5 orders a week, now it's like a dam busted somewhere, and most are pre-foreclosure BPOs, too, so the listed comps and more general info required.
Oh well, who needs weekends, anyway?
_________________________
REO Broker since 2004

"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran

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#48756 - 07/06/06 09:30 PM Re: Little Slow......
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
Maybe things are unusual here in Indiana. I'd say at least 80% of my orders are for pre-foreclosures or foreclosures. Things must be bad around here. It's kind of sad. It used to not bother me but I really feel bad for people. It seems it's harder and harder for people to make ends meet. Our property tax system changed last year and people are really screwed. It's harder to qualify for loans with the higher property taxes and some people can't afford the increased taxes on houses they already own. I know some that have double or tripled. It's not fair. Oh well. What can you do? It's like a hospital. Sick people are good for business, right?

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#48757 - 07/06/06 09:50 PM Re: Little Slow......
Solace Offline
Member

Registered: 07/01/06
Posts: 15
Loc: San Diego
Makin Money you are right. I recently work in the pre-foreclosure dept. at a large bank and Foreclosures in Indiana are on the rise and most areas are depreciating. Zephyr, FC is high in your neck of the woods too. Missouri is a "pub and go" state meaning the FC process is very fast.

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#48758 - 07/06/06 11:16 PM Re: Little Slow......
Ashley Mathers Offline
Member

Registered: 06/25/06
Posts: 19
Loc: San Diego, CA
The last few days in San Diego have been really busy. I think the heat and the holiday weekend was keeping people away.

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#48759 - 07/08/06 09:24 PM Re: Little Slow......
REO Seller Offline
Member

Registered: 01/24/06
Posts: 323
Loc: So Calif.
Wednesday was a big day for EML in LA area

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#48760 - 07/09/06 06:27 AM Re: Little Slow......
zephyr Offline
Major Contributor

Registered: 08/10/05
Posts: 1662
Loc: Missouri
Missouri seems to make it easier on the lenders to foreclose than other states whose regs i've seen. And the Trustee Sale notices are really increasing- most dated from 2001-2005. I guess people jumped on the super-low ARMs and are now having to pay more than they can afford. What's bad is that this whole area (several counties) are having to re-assess all properties now. An appraiser printed out bunches of MLS pages showing current sales prices, and took them to the state tax commission. Now all the assessors are having to bring all values to within 10% of "market value," even though THAT has been artificially inflated by un-knowledgeable buyers moving in from other areas who think they're getting a bargain. I see a lot of people losing their homes within the next few years because the taxes become too high...
So far this month, I've earned half what i did in June for BPOs, and June was my biggest month yet. It used to be mainly all for refis, PMI drops, etc- now at least half my orders are (pre)foreclosures. It's sad. Especially with all the governmaet rhetoric about how good the economy is doing... As an REO agent, it may help MY bottom line, but that doesn't encourage me any about the economy!
_________________________
REO Broker since 2004

"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran

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