On January 28th of 2012 Howard Partlow IV passed away due to injuries from a snowmobile accident.  Howard was a contributor to a season of NFSTI in 2009 when NFSTI and REO Masters put forth effort to increase the knowledge, awareness, and impact that NFSTI members had on the REO industry.  Howard was the COO of NFSTI REO Masters at the time and put forth every bit of his energy to see that this group was being managed properly.  Having worked closely with Howard for several months in a shared office in Scottsdale, AZ I can tell you that he is nothing short of a great character.

I’d like to acknowledge Howard and his family now with a virtual moment of silence.  He was a young man with a wife and two small children who loved him.  Howard was taken from this Earth early and we can only hope and pray that his family will be able to move on with the support and love that they need.  If you knew Howard and would like to show your condolences please visit http://www.ranfranzandvinefh.com/obits/obituary.php?id=148960.

To read Howard’s obituary you can visit http://www.albertleatribune.com/2012/02/02/howard-partlow-iv-42-rochester/
Rest in Peace Howard.

There is a time for everything,
And a season for every activity under heaven:
A time to be born and a time to die
A time to plant and a time to uproot,
A time to kill and a time to heal,
A time to tear down and a time to build,
A time to weep and a time to laugh,
A time to mourn and a time to dance,
A time to scatter stones and a time to gather them,
A time to embrace and a time to refrain,
A time to search and a time to give up,
A time to keep and a time to throw away,
A time to tear and a time to mend,
A time to be silent and a time to speak,
A time to love and a time to hate,
A time for war and a time for peace.
Ecclesiastes 3:1-8

Nationstar Mortgage is here to help you be more successful.  (A snippet taken from the Nationstar website for Realtors)

You need to partner with a respected national lender specializing in REO financing You need Nationstar Mortgage.

Our dedicated REO Finance teams are comprised of experienced loan officers, processors, underwriters and closers dedicated to the REO Financing process who are trained to identify issues before they become roadblocks. We specialize in working with all types of buyers, especially first time home buyers.

As both a national lender and servicer of over 400,000 accounts totaling over $70 billion, Nationstar Mortgage is uniquely qualified to support REO financing. We partner with thousands of realtors to list, sell and finance our own REO properties. We understand the importance that financing plays in selling REO properties as quickly as possible.

Bottom Line: Nationstar Mortgage has the strength, talent, programs and tools to help both you and your customers!

Nationstar HomePath Realtor Tools

Nationstar Mortgage understands how important HomePath financing is to your business and we’re here to help you be even more successful. Use these flyers to refer potential buyers to Natiosntar Mortgage to help control dead-end offers and move your HomePath listing quickly.

We also service over 400,000 accounts nationally totaling over $70 billion.

Want to become an approved listing agent for our REO properties?

LINK DIRECTLY TO THE NATIONSTAR REO LISTING PAGE

Step-by-Step Guide for applying as a Fannie Mae REO Agent:

1. Go to www.homepath.com/realestate.html
2. Scroll to the “Apply to Become a HomePath Listing Agent” button.
3. Read all instructions carefully.
4. Click REO Real Estate Brokers registration link
5. Fill out the form completely.
6. Receive the SAP login – this will arrive by email.  It does not guarantee that you are an approved REO agent
7. Round 2 for the application process includes a phone interview.  Be ready for this and don’t blow it!
8. If you’re given an opportunity to work with Fannie Mae, it’s important to know that they are watching and scoring at all times.  Your scorecard is what determines your future with Fannie.
9. If you are accepted, you’ll receive a “Vendor Packet”.  It will provide full instructions, contact information, and documents that you will need.
10. Receive a Vendor ID
11. Login information to AMN (the Fannie Mae portal)

TIPS to a strong application:

• Focus on helping the asset management team by reducing holding time, carrying costs, and overall management overheard.
• Emphasize your effective owner-occupied Cash-For-Keys abilities and techniques.
• Reiterate your thorough knowledge of the region, marketing statistics, Homeowners Association guidelines, local code enforcement guidelines.
• Membership of REO organizations, credentials & training, and continued education within the default servicing industry.
• Most importantly, don’t give up!  This process has taken some agents months and months to go through.  But, when you are accepted, the rewards are very good.

Are you ready for 2012?

2011 has been an amazing year for real estate, politics, Wall Street, Main Street, and every bit of real estate.  NFSTI has become a virtual social networking environment for default servicing experts around the country and has a long history in the REO arena.  Since the subprime mortgage meltdown NFSTI has become a one-man operation.  I (Dan) enjoy keeping NFSTI operating because of all the REO history that I’ve had, the experiences of traveling around the country doing 2-day seminars, participating the REO expos and conventions, and the great people I’ve met along the way.

My commitment to you is that I will continue to manage and monitor the system, add fresh content as it arises, and assist members however I can with their NFSTI membership accounts.  I hope that you enjoy the content and take it for what it’s worth.  The material within the Member Groups (DS Core, SEO, Social Media Marketing, and others) comes from real-life experience, research, and trials.  The content is not only my experiences (which I later built an entire enterprise around that still thrives to this day), but also the expertise of many colleagues, friends, coworkers, and experts from throughout the industry.

As a reminder, many memberships will be updating in January, February, and March of 2012.  Many members will be automatically charged the annual fee of either $25 or $50, depending on your membership level.  If you do not intend to renew your membership, that’s OK.  Please visit your PayPal or credit card account and discontinue the automatic payment.  Otherwise, simply enjoy your holidays and know that NFSTI will continue to strive for excellence in serving our members.

I wish you a very Happy Holiday Season, a Happy New Year, and all the best to you and your families.

Sincerely,

Dan Waterman

Yes, it’s true…over 10 million homes may fall into the foreclosure conveyor belt in the next 6 months unless the government takes more drastic measures.  Between homeowners being in default, properties currently in the foreclosure process, and the ever-popular shadow inventory, we’re looking at approximately 10.4 million homes in default.  If this were to happen our country would have 3 years of inventory on our hands given the current rate of liquidation.

Investors appear to be the answer to the governments dilemma.  When Congress asked housing experts how to trim back this massive inventory the answer they got back was “private investors”.  Rehab programs are looking like the wave of the future and could help our country climb out of debt.

What does this mean?

1. Get your hands on some asset management/REO accounts.  How do you do this?  WORK, WORK, WORK.  And, read the NFSTI DS Core Instruction Manual
2. Start networking in local investor groups.
3. Get educated on rehab loan programs.

For more information you can read this article:  10 Million more mortgages set to default, expert says.