San Diego California USA – This REO property in Spring Valley California is a single story with 3 bedrooms and 2 bathrooms. Tax roll says 1,633 square feet with 2 car garage a big deck. New carpet and tile being installed and a fresh interior paint job. Panoramic view of mountains, hills and evening lights. Beautiful fireplace, walk-in basement, built in shelves and desk in one of the rooms, large kitchen with built in pantry and lots of storage.
The Five Star Default Servicing Conference and Expo officially kicks off September 20th, 2009 and runs through September 23rd. The event is being held at the Fort Worth Convention Center and Omni Hotel in Texas. Steve Forbes is the featured speaker at this huge event for the default servicing industry. The Five Star attendees have many opportunities to network with others in the industry and to sharpen their skills with the Five Star Academics and the Five Star Institute classes.
Many in the default servicing industry are preparing for the next wave or waves of foreclosures to hit the market. In many areas of the country like here in San Diego this will be a welcoming event. That’s right, welcoming. In many price ranges and in many areas of San Diego County California the inventory has had buyers looking at some pretty slim pickings. Many of the first time homebuyers trying to take advantage of the 8,000 first time home buyer tax credit are left in backup offer position to the cash offers. These first time home buyers also come in second place to offers with conventional loans with lots of buyer money in the deal. Some of the reasons for this are that the asset managers and banks like to accept the cash offers and large downs because they have less of a chance of falling out of escrow due to loans falling apart and appraisals not coming in at loan value. A symptom of the market.
Foreclosure moratoriums are being lifted in some areas of the country. California for instance has the California Mortgage Foreclosure Prevention Act that was signed by the Governor on February 20, 2009. The California Foreclosure Prevention Act modifies the foreclosure process to provide additional time for borrowers to work out loan modifications while providing an exemption for mortgage loan servicers that have implemented a comprehensive loan modification program. Civil Code Section 2923.52 requires an additional 90 day period beyond the period already provided before a Notice of Sale can be given in order to allow all parties to pursue a loan modification to prevent foreclosure of loans meeting certain criteria identified in that section. A mortgage loan servicer who has implemented a comprehensive loan modification program may file an application for exemption from the provisions of Civil Code Section 2923.52. Approval of this application provides the mortgage loan servicer an exemption from the additional 90-day period before filing the Notice of Sale when foreclosing on real property as designated by this Section.More on the Act.
This next wave of foreclosures as it’s called by many in the default servicing industry has been described by some in the know as a Tidal Wave or Tsunami. Many are wondering what effect it will have on the fragile real estate markets throughout the United States. I welcome the wave and the faster we get through this stagnant inventory the better off the whole real estate and economic environment will be. This elephant in the room, the massive foreclosures that are not being put on the market has to be dealt with. Let’s push through and push on and get through this and on to the next real estate market. I’ll take and sell as many assets as I can to help with the situation. So any asset managers or banks that need an REO Listing Agent in San Diego County California call me – Dawn Lewis 619-981-3917. I joined REOMasters Network to not only be associated with some of the best REO Agents and Brokers in the industry but to network with them to offer the best of solutions for asset managers and banks .
REOMasters is sponsoring the biggest Charity Event at the 2009 Five Star in Fort Worth. I was very surprised to see that it wasn’t on the Five Star Conference Schedule. The event is called Club Tsunami – The World’s Largest REO Networking Party and Charity Event. All of the profits from the proceeds of the Tsunami Party go to Foreclosure Angel Foundation. Make sure you read about the Foreclosure Angel Foundation and the difference they are making in the lives of families losing their homes. Your ticket purchase will have a direct impact on helping families stay in their homes. This event is sponsored by REO Masters and is a must make event. It will be a NIGHT TO REMEMBER. Make sure you put this event in your BlackBerry and DON’T MISS IT.
When: Monday, September 21st, 2009
Where: City Streets Night Club (22,000 sq/ft) 3 blocks from the Five Star Convention)
Who: This event is open to agents, brokers, lenders, asset managers and other attendees of the Five Star conference.
Time: 8:00 PM to 2:00 AM (All night Long!)
To GET TO THE PARTY take the Club Tsunami busses from the Fort Worth Convention Center, Main Street entrance. Busses will travel back and forth from 8:00 PM to 1:00 AM
Admission: $75.00 Advance Registration ($100.00 at the door)
Must bring ticket to event. No ticket. No entry.
REOMasters™ Network – Get Your Tickets by Calling
(866) 446-2977 x 202
California State Director for REOMasters Network – Dawn Lewis
I have been a licensed Realtor and REO agent in San Diego County California for over 20 years. I have personally sold well over 2,500 homes many of which were REO properties. I am a Top-Producer in San Diego County and have won multiple awards for Top Sales Agent in multiple categories for every company I have worked for. I’ve streamlined my REO business and created systems within my REO Team to be the most efficient possible. I’ve had 20 years to get it perfect. I am currently selling assets professionally for banks and asset managers and would like the opportunity to sell yours.
I have been a licensed agent in San Diego since 1989. If you’re looking for an experienced and professional agent to sell your assets look no further. My real estate and REO business is built from experience from the ground up. I’m not new to the business looking to cash-in. This has been, is, and will continue to be my career in any real estate market. I have handpicked my staff and we have been together for many years. Essential in any effective and professional team. My REO Team includes 8 Team Members that are dedicated to making sure assets are handled professionally and sold for top-dollar in a highly efficient manner. I have a proven track record of doing this for many years.
I think REOMasters Network is the best REO Agent and Broker Network for networking and idea sharing. It has made REO business better and more efficient.
I also have powerful internet marketing tools which I exclusively own to market all of my REO listings. My internet presence is so powerful I usually have many buyers waiting to write offers on all of the assets I am assigned. We close the transactions fast and with little to no complications.
Please take a look at some of our web sites and blogs
REOMAC-Mortgage Default Industries Top Service
5 Star-Golden Member – Attended 5 Star for last 3 years
REOTrans Certified
ResNet Certified
REO Maestro
Default Schools Certified in REO Best Practices and Advanced Evaluations
Pacific Southwest Association of Realtor Ethics Committee member
San Diego and Chula Vista Chamber of Commerce member
Over 200 Hours of REO & BPO Education on file
Services Included:
Complete REO / Asset Management Services
BPO / Market Analysis
Broker Price Opinions with 24 Hours
Re-keying with 24 hours
Utility Services & Maintenance arranged within 24 hours
Bid Estimates within 3 business days
Eviction Coordination
Full Service Real Estate Brokerage
Marketing and Sale of REO Properties
Property Preservation and Cleanup Arrangements
24 Hour Occupancy Checks
Cash for Keys
Loss Mitigation
Assistance to Homeowners in Foreclosure
Field Inspector and Maintenance
REO in San Diego California walking distance to the Beach. This is a rare find in San Diego. An REO close to the beach for just over $200,000.
1239 Essex Street Imperial Beach CA 91932
$212,900
BANK OWNED. This Real Estate is a perfect investment property in Imperial Beach in South Bay San Diego ready for an offer. You can walk or bike to the beach from this 3 bedroom home that is priced to sell. This San Diego REO has original open beam wood ceilings throughout and all the beach charm you would expect in an Imperial Beach home. This San Diego Foreclosure is close to schools and shopping and being sold as is.
Five Star Fort Worth Texas Club Tsunami REO Party and Charity Event
The next Five Star Default Servicing Conference and Expo will be held in Fort Worth, Texas at the Fort Worth Convention Center. The 2009 Fort Worth 5 Star runs from September 19th to the 23rd. The Five Star is the largest conference in the default servicing industry and is the most well known networking opportunity for real estate agents, real estate brokers, attorneys, title companies, servicers, lenders, service providers, investors, vendors and asset managers.This networking event allows all parties in the REO field to meet and network in one location and share ideas on how to get through the many REO’s on the market and the wave of REO’s to come. It’s where all the parts of the puzzle briefly come together and put together a plan for what to do next. The most powerful people in the REO filed attend and share ideas to better serve everyone involved.
At this 2009 Five Star Event in Fort Worth there is a Tsunami Party and Charity Event hosted by REOMasters Network. REOMasters Network is raising heads in the REO Industry as the fastest growing REO Networking Group in the business.
The REOMasters™ Network is the nation’s newest marketing and business development association for REO Agents and Brokers who want it all. The REOMasters™ Network has partnered with the nation’s top REO coaches and industry leaders to engineer a life and business success REO coaching and marketing association … being built by agents, designed for agents, and owned by agents. Scott McLaine, Founder and CEO of REOMasters™ Network.
The Tsunami REO Party and Charity Event will be the “Biggest and Don’t Miss Event” of the Fort Worth Five Star. The event is on Monday Night September 21st at the City Street Night Club 3 blocks from the Five Star Convention. The Tsunami REO Party opens at 8:00 P.M. and ends at 2:00 A.M. complete with a red carpet walk into the 22,000 square foot mega club. Networking and dancing recommended and encouraged. Busses will take you from the Forth Worth Convention Center, Main Street entrance to Club Tsunami and back. Busses will travel back and forth from 8:00 P.M. to 1:00 A.M. Now you have the place and you have the ride “both ways” now grab a date or a partner or your whole team and get some tickets before they’re SOLD OUT. We want to see you on the Party Bus not the Baby Bus….. Remember it’s for charity too!
The party is happening at Club Tsunami all night long. Dress to impress and have a great time rocking the house! Enjoy great music from three different DJ’s, try your luck in the casino, check out our social scene, meet great people and network with other agents. This event will sell out. Space is strictly limited! 2 Drink Coupons before 9:30 P.M., Happy Hour Food before 9:30 P.M., Networking Mixer 8:30 to 9:30.
Tsunami Casino Night – Play the Craps Table, challenge the Blackjack Dealer, spin the Roulette wheel. Casino fun
all night long.
Two Night Club Dance Floors – Choose from two different theme rooms in order to dance the night away. Cages will feature the best of pop and top 40’s dance hits while Indigo will play the best of the 70’s, 80’s and 90’s.
Cigar and Scotch Lounge – Enjoy a fine glass of premium scotch and a quality cigar in the Tabu Lounge. Sip your drink, make some new friends, network with old ones. Just sit back, relax and enjoy the evening.
Top Shelf Bar – Order your favorite drinks at the numerous bars throughout Club Tsunami or from any one of our many hostesses. Drink tickets provided at the door with admission.
Raffle Drawing – With every ticket you purchase you will be entered into our drawing to win one of many prizes that will help you to grow your business.
100% of ticket sales profits will benefit the Foreclosure Angel Foundation
What is the Foreclosure Angel Foundation – Excerpt from clubtsunami.net
We’re Fighting a Real Problem …That Needs Our Attention
The Foreclosure Angel Foundation was born when Marilyn Mock saw a need in November of 2008 to help her neighbor who was about to lose her home. With nowhere else to turn but the streets, their home went up on the auction block.
Marilyn bought the home at the auction price and sold it right back to the owners at the now lower cost. Marilyn had a keen sense that “It could be me in that situation.” One major life change could rip her family from their home too.
Ever the optimist, Marilyn thought that others in her community who saw this need would surely step up and help. She took desperate letters from families losing their homes to a function where her friends and acquaintances had expendable income. Marilyn was shocked when they didn’t even want to see the letter, much less offer any help.
At that point, Marilyn once again had another layer of her rose colored glasses ripped away, but this time she became determined. She believed that the American spirit of neighbors helping neighbors would win out.
If you’re going to the Five Star Fort Worth 2009 make sure you make this event. This will be the one everyone remembers and asks,“Were you there!”.
The San Diego REO News Blog is the most up to date REO news in San Diego County. News concerning real estate, bank owned REO properties, foreclosures and real estate market conditions in San Diego County California. San Diego REO News was created to keep the public informed of the REO real estate market in San Diego as well as REO trends and headlines throughout the country and world. The REO or Real Estate Owned as it’s called by the banks is the number one talked about and blogged about subject in real estate today. REO’s are also known as foreclosures and many more foreclosures are on the horizon and will continue well into the future.
“Make sure you add this blog to your favorites to get all of your San Diego REO News.”
About Dawn Lewis: Dawn Lewis San Diego REO Agent with over 20 years experience as a licensed Realtor in San Diego California. Dawn has personally sold well over 2,500 homes many of them REO’s. Dawn is a California State Director for REOMasters representing San Diego and Chula Vista. REOMasters is the newest marketing and business development Association for REO Agents and Brokers. Dawn is currently selling many REO properties for banks and asset managers in San Diego County including Chula Vista. Dawn’s Blog – San Diego REO News – is a wealth of information for other real estate agents, REO agents and brokers, home buyers, asset managers and real estate and foreclosure news hounds. Dawn loves what she does and would love to help you. For any questions at all please call Dawn Lewis at 619-981-3917.
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San Diego Bank Owned REO in Spring Valley
California for over 20 years.
