Raul Novales posted a blog post
I received an interesting call today from one of my lender contacts. The discussion covered when the next wave of REO properties would be really coming to market. I was informed that many of the banks holding REO's will need to change their…
Dec 1, 2009
Raul Novales replied to Brenda Sutherland's discussion Investors using Options as offers
"I list properties for Banks and this type of transaction is not allowed. The banks do not accept offers with and or assignee designations in the offer. This type of transaction may work where the seller is not a bank. It sounds like your buyer has…"
Jan 19, 2009
Raul Novales replied to Ascharaj (Sunny) Singh's discussion Anyone knows Carrington Mortgage?
"Unless you list a property directly from the bank you will always pay a referral fee to the asset management companies. Asset management companies get paid by those fees and the reason why these companies are so popular is because most banks do not…"
Nov 4, 2008
Raul Novales posted a blog post
This is my first attemp at a blog so I hope this is usefull. I have been approved by a large Asset Management company and the same day my approval was emailed I received 2 BPO assignments. Lenders and Asset Management companies want and need…
Nov 4, 2008
Raul Novales left a comment for Maria Navarro
"Hi Maria,
I listed REO properties back in the 90's I just got back in the business and expect to start getting some listings in the next 30 to 60 days. Why do you ask?"
Nov 4, 2008
Raul Novales replied to Jonathan's discussion First Preston AM for BofA, Chase & Countywide
"Hello Jon,
I was at the FiveStar Conference and Fannie Mae has First Preston listed on their handout that was given at the meeting.

Fannie Mae has about 18 asset mangement companies on the handout. What area are you in. I am in Orange County…"
Sep 26, 2008
Raul Novales left a comment for Raul Novales
"The national vendors came in to vouge in the late 90s and they were bad then and are worse now. I see at least 20 to 25 homes on a weekly basis and most of the homes I see are in bad shape.
The problem with brokers hiring their own vendors is that…"
Sep 26, 2008
Raul Novales left a comment for Brad Arnold
"Hello Brad,
Thank you for the heads up. I noticed that most companies are going to national preservation companies and we do not choose who does the work. At the five star conference most lenders were saying that this was the goal. If I have…"
Sep 25, 2008
Raul Novales left a comment for Raul Novales
"Hello Stacie,
I am very new to this so I am not sure if your comment is directed at me. I do not know how to email you directly."
Sep 24, 2008
Raul Novales commented on Stacie Cunningham's blog post Looking to build a team
"I am interested in joining your REO team. I have tons of experience. I sold REO property from 1985 to 1999."
Sep 24, 2008
Raul Novales commented on Stacie Cunningham's blog post I am back from 5 star!!!
"Hello Stacie,
I am in North Orange County. I am a team player and would like to work with you on some of your REO properties. I am a Broker and sold REO properties in the80's and 90's. I have tons of experience. You may contact me and let me know…"
Sep 24, 2008
Raul Novales commented on Seb Frey's blog post Talk about stiff competition
"Everybody wants to list REO properties without realizing how much work is involved. I listed and sold REO's from 1985 to 1997 I averaged well over 200 properties under management at any one time. All of my properties were clean, well kept and…"
Sep 22, 2008