Eric Nguyen replied to Misael PLasencia.CDPE,CSSA,FLNP.'s discussion Equator REO certification
"As a former AM on BOA account, I saw that agents are selected on the basis of distance to subject property, sale price to list price ratio, task performance ratio...but not how many certs your have or what they are.
The comment from Ellen Cerasuolo…"
Oct 2, 2012
Eric Nguyen commented on Susan Usallan's blog post Has anyone had an REO assigned by NRT-Experts and later put on a Non profit List
"When a property is put on NPR, the local non-profit organizations have the first shot at purchasing the property at the list price. It's part of the neighborhood-stabilizing program. After the questionaire is submitted, the seller will reserve the…"
Sep 25, 2011
Eric Nguyen commented on Jesus (Jesse) Gonzalez's blog post Inflated BPO's Cause Problems for All
"AMs use 3rd party BPO to make their cases when submitting for review of appraisal reports. However, I see that more than often, 3rd party BPO has little effect on the result of the review. AMs have no choice but overpricing listings. I understand…"
Sep 24, 2011
Eric Nguyen replied to Michael Collins, CDPE, SFR's discussion Percentage of cash buyers for your REO listings
"It depends on the locations and price range. You'll see a lot of cash buyers in areas where percentage of homeowners are below 80 or where price range is low."
Sep 24, 2011
Eric Nguyen replied to Alex Nova, A-REO, CDPE, RDCpro's discussion Presenting Offers on Equator Once One has been accepted.
"Once your offer is accepted, Equator changes status of property from Available to Pending. Now the seller has a legal binding to perform on the accepted offer. That's why they design Equator not to accept any offer after that. I don't think you…"
Sep 24, 2011
Eric Nguyen replied to Leslie Hansen's discussion Does Goodman Dean refer REO listings to you or are they just a 3rd party that works with BPO's? I have done approximately 40 BPO's for them with no REO assignments.
"My friend did. Just got 4 last months in Orange County area."
Sep 24, 2011
Eric Nguyen replied to Leslie Hansen's discussion Does Goodman Dean refer REO listings to you or are they just a 3rd party that works with BPO's? I have done approximately 40 BPO's for them with no REO assignments.
"My friend's situation is almost like yours. 3 yrs of BPO. Just last month, he received 4 listings from them. Don't give up. I'm sure listings will come soon."
Sep 24, 2011
Eric Nguyen replied to Jonathan's discussion REO WORLD?
"REO World based out of Newport Beach, CA. I've been to their office. They're a legit asset management outsourcer from several banks."
Sep 24, 2011
Eric Nguyen replied to Mirjam de Rijk's discussion New scam?
"Anything can happen. Tell your friend to meet up with that person with the present of her attorney."
Sep 24, 2011
Eric Nguyen replied to Kathy Scruton's discussion Landsafe Appraisal/Price Question
"Don't drop the price. Just submit the offers and let them decide. They will order new appraisal on their own."
Sep 24, 2011
Eric Nguyen replied to Dianne Clayton's discussion Referral Fee for an REO...
"Take it. I received listings from Res.Net before. That means SA 2.5, LA 2.5, Res.Net 1. Congrats on your listing."
Sep 24, 2011
Eric Nguyen replied to Alain Thillois's discussion SHORT SALE UPDATE
"In most of my short sales, I didn't get to talk to the negotiators until they actually worked on the files. But you are right, JP Chase negotiator didn't give me her direct number. Anyhow, I am closing a short sale with Chase this month and they…"
Nov 4, 2009
Eric Nguyen replied to Rick O'Connor, SFR, GRI's discussion Pre-Foreclosure Lists.
"Rick,
I agree with Vitaliy. Just contact your title rep. That person will be more than happy to provide you a list with all kind of search criteria for free. If you don't know who the title rep is, your escrow officer should be able to refer one to…"
Sep 22, 2009
Eric Nguyen commented on Vytautas's blog post Short Sale Success - It's in the Package, Stupid
"You're so correct in many points. I'd like to add in my 2 cents: never submit a short sale package without a good offer. If the offer is not at market value or a bit higher, don't even try it."
Sep 5, 2009
Eric Nguyen replied to Carlos H. Silva Sr.'s discussion REO Brokers "Pocketing" REO Listings Without Seller's Permission!!!
"I think the best way to beat this pocket listing issue is advocating the use of BidSeclet or likewise program."
Sep 5, 2009
Eric Nguyen replied to Terri's discussion Short Sale After BK
"Judge by the way of mine goes, I think it is just like any other short sale. The 2nd has to have some kind of money either paid by the 1st or by buyers in order to approve the short sale.
Good luck Terri"
Aug 28, 2009
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