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Robin S. Reed commented on Carlos H. Silva Sr.'s blog post Soon Buyers Will Want To Consider Wiring Funds To Escrow In NV
"Wow! a similar law has been in effect in California for almost 15 years. It also already exists in Arizona. It's a good law and prevents cold-feet at the closing table."
Aug 26, 2009
Robin S. Reed commented on Robin S. Reed's blog post Wachovia Asset Manager???
"Jennie. Not yet, there was an upheaval in the department last week and the department manager and his entire staff were unceremoniously terminated. Everything is in limbo in terms of responsibilities and protocols while they transition everything…"
Aug 12, 2009
Robin S. Reed commented on Robin S. Reed's blog post Wachovia Asset Manager???
"Terrence...thank you and you are correct. I've spoken to them in the last few days."
Aug 11, 2009
Robin S. Reed posted a blog post
Wachovia Asset Manager???
In preparation for the finalization of the Wells Fargo acquisition of Wachovia there have been several changes in personnel in the Asset Management department.We have already received the list of properties and have confirmed title. We are ready to…
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Jul 30, 2009
Robin S. Reed replied to Eric Baird's discussion Chase now is asking for deficiency judgments on all Short-sales and Foreclosures.
"Capital Gains are created from capital investments. Unless it is a rental / investment property, the IRS would recognize it as ordinary income which is taxed differently than capital gains. Also under IRS Code 1231, the owner of an investment…"
Jul 29, 2009
Robin S. Reed replied to Carlos H. Silva Sr.'s discussion Is Appraisal Reform Needed?
"As of today there are more than 35,000 signatures on the petition and Congress is seriously considering a bill that will impose an 18 month moratorium on the HVCC method of appraisals. Of course, the problem will arise...how do you go about…"
Jul 1, 2009
Robin S. Reed commented on Michael Thompson's blog post Shady, Unethical, Ignorant Real Estate Agents
"The poor math skills notwithstanding, in most states we as licensed realtors are obligated to present ALL offers. Even if the seller says don't bring me offers less than X, a prudent agent would still present it so it didn't come back to bite them…"
Jul 1, 2009
Robin S. Reed commented on Jesus (Jesse) Gonzalez's blog post Foreclosure Moratoriums Good or Bad?
"Once you get past the knee-jerk reaction to hearing the word "moratorium" we must remember their intended purpose. Moratoriums are enacted for the purpose of allowing time to create new policies or procedures that may be effective in preventing the…"
Jun 17, 2009
Robin S. Reed posted a blog post
Know The Law Before You Buy Detroit Foreclosure Properties
The city of Detroit has passed the Vacant Property Ordinance. Effective immediately, the city intends to enforce the ordinance in an effort to clean up the city.For anyone that is acquiring or selling Detroit REO's, I would take this very seriously.…
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Jun 1, 2009
Robin S. Reed posted a blog post
New HUD Letter re: Tax Credit Along With IRS Guidelines
Due to the serious implications associated with the improper use or misunderstanding of this program, I am going to withhold offering an "opinion" and just provide the links to the information so each of you can make your own decisions of how this…
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May 29, 2009
Robin S. Reed commented on Jesus (Jesse) Gonzalez's blog post REOPro’s First Year.
"This is a great website. I'm not surprised to see some of the people I respect the most in this industry on the site. Do you have any plans to join Twitter?"
May 29, 2009
Robin S. Reed commented on Jesus (Jesse) Gonzalez's blog post Short Sale Doesn’t Equal Forgiven Debt.
"I think that in order to maintain the integrity of our industry, when referring to any "Bill" or "Law" or "Decision" that is passed that the party offering the information include a link to that specific bill. I often hear realtors and lenders…"
May 25, 2009
Robin S. Reed commented on Jesus (Jesse) Gonzalez's blog post Short Sale Option Contracts are Fraud!
"Jesse, what perfect timing. I was approached by a company just hours after your post appeared on REOPro. They were offering this short sale "service". I have seen many homeowners lose their homes because they think they have a "buyer". Remember,…"
May 14, 2009
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