According to recent MLS data, Robert & Christy Thompson, Realtors from the #1 Real Estate office in Corona - "Keller Williams Realty-Corona" are the number #1 Listing agents in the Mountaingate Neighborhoods for the last 2 years for combined Standard and Short Sales listings.
When asked how they did it, Robert responded "Some of our competitive agents in the area disappeared and pursued REO accounts. We made a strategic decision to stick it out in the area we know best and the community we are proud to work in. We have always had pride in the fact we fight hard to keep home values up on the homes we list. We have consistently had one of the highest list price/sale price ratios in the area and people know that and it is one of the reasons they hire us. I see some agents are back pushing mass door hangers the last couple of weeks to get their name back out here. Well all I can say is we have never left servicing our Mountaingate community"
With bank owned homes (REOs) dominating the market in 2008 and short sales taking over the market share in 2009 it was tough listing homes in a volatile market.
Christy Thompson added "We have a slogan that we firmly believe in: "A Family Helping Families Fulfill the American Dream with Honesty, Integrity, and Twice the Service" our clients see this reflected in our work and our results show it. Since we live in the area we also have a vested interest in keeping home values up. It is disappointing at times to see agents from outside the area like Orange or LA county that do not know our neighborhoods and list the price low to get a quick sale. We just don't understand the motivation sometimes. I mean, we list numerous homes outside our area as well, however because they are either past clients or referrals we still get top dollar for their homes."
With Short Sales still being the dominate sales type in the market, there has been a big push by some agents to encourage people to short sale their home and using questionable tactics to do so.
Robert added, "It really comes down to the owners motivation. If they prefer to stay in their home, their are definitely ways to help them. What is discouraging is some are coerced to short sale by questionable means. We know of instances where agents have told them they are representing or hired by the banks to do a short sale and that they cannot do a short sale with anyone else, and this is simply not true. We wrote in our blog last week on issues regarding short sales and homeowners who have Notice of Defaults filed and encourage anyone who is considering a short sale to read it here. "
Thursday, March 18, 2010
Wednesday, March 10, 2010
Help! People keep calling me because I'm behind on payments!
"Help!! People keep calling me because of I am behind on my mortgage payment(s) and a Notice of Default (NOD) has been filed!
What do I do?,
How did they get my number?
Why do they keep knocking on my door?"
These are common questions we receive, especially lately. With record unemployment, increasing layoffs/furloughs, and a tough economy all of which have contributed to a record number of Notice of Default (NOD) filings. Although there doesn't seem to be any consistency on when an NOD is filed, it can be filed when a homeowner is 30, 60, or 90 days delinquent on their home.
If you are a homeowner that has an NOD filed and your intent is to stay in you home, do not ignore the problem of your mortgage lates. Make sure you are proactively communicating with the lien holder(s) on what your intent is.
If you have an NOD filed and you are getting people calling or knocking on your door and they may be telling you that you are going to lose your home. As with everything, the reason they are contacting you is their motivation. They may be coming to you out of sincere contribution. They may be coming to you to solicit business, either by listing your house for a short sale, performing a loan modification for a fee, or from legal personnel, encouraging you to file for bankruptcy.
How did these people get your number or address? There are a variety of websites and companies that search for NOD filings and they charge a fee to provide this information to anyone willing to pay for it.
It seems the overriding factor related to this subject in these tough economic times is every little button that gets pushed adds a level of stress to yourself, your family, friends, and coworkers around you. In tough times it is important to have someone to lean on, to help hold you up and provide encouragement. Whether it is family members, friends, or church members, make sure you have some level of support.
Robert and Christy are also a source to lean on, to get professional advice and direction from. Our slogan of A Family Helping Families Fulfill the American Dream should be updated to include And To Help Stay in Your American Dream Home. We are in the business of helping people. Our desire is to develop long-term relationships and hopefully get a few dozen referrals from you and if the need requires to assist you with any real estate required services.
Although we do successfully list and sell short sales, we only do so at the requirements of our clients wishes. More often than not, we meet with someone who is in a NOD status who wants to stay in their home. We can provide sound, professional advice and direction and can help hold off the barrage of calls and and door knocks. We obviously do not charge for this because we sincerely want what you want. A Win for you is a Win for us. Again, hopefully we will get a referral from you and can assist you with a real estate transaction when it is required.
We can be reached at 951-271-3068. Give us a call so we can help.
God Bless,
Robert and Christy
What do I do?,
How did they get my number?
Why do they keep knocking on my door?"
These are common questions we receive, especially lately. With record unemployment, increasing layoffs/furloughs, and a tough economy all of which have contributed to a record number of Notice of Default (NOD) filings. Although there doesn't seem to be any consistency on when an NOD is filed, it can be filed when a homeowner is 30, 60, or 90 days delinquent on their home.
If you are a homeowner that has an NOD filed and your intent is to stay in you home, do not ignore the problem of your mortgage lates. Make sure you are proactively communicating with the lien holder(s) on what your intent is.
If you have an NOD filed and you are getting people calling or knocking on your door and they may be telling you that you are going to lose your home. As with everything, the reason they are contacting you is their motivation. They may be coming to you out of sincere contribution. They may be coming to you to solicit business, either by listing your house for a short sale, performing a loan modification for a fee, or from legal personnel, encouraging you to file for bankruptcy.
How did these people get your number or address? There are a variety of websites and companies that search for NOD filings and they charge a fee to provide this information to anyone willing to pay for it.
It seems the overriding factor related to this subject in these tough economic times is every little button that gets pushed adds a level of stress to yourself, your family, friends, and coworkers around you. In tough times it is important to have someone to lean on, to help hold you up and provide encouragement. Whether it is family members, friends, or church members, make sure you have some level of support.
Robert and Christy are also a source to lean on, to get professional advice and direction from. Our slogan of A Family Helping Families Fulfill the American Dream should be updated to include And To Help Stay in Your American Dream Home. We are in the business of helping people. Our desire is to develop long-term relationships and hopefully get a few dozen referrals from you and if the need requires to assist you with any real estate required services.
Although we do successfully list and sell short sales, we only do so at the requirements of our clients wishes. More often than not, we meet with someone who is in a NOD status who wants to stay in their home. We can provide sound, professional advice and direction and can help hold off the barrage of calls and and door knocks. We obviously do not charge for this because we sincerely want what you want. A Win for you is a Win for us. Again, hopefully we will get a referral from you and can assist you with a real estate transaction when it is required.
We can be reached at 951-271-3068. Give us a call so we can help.
God Bless,
Robert and Christy
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