2012 Update Preparation

December 13, 2011 in Highlights, REO News, Upcoming Events by Dan Waterman

christmas-hollyAre 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

Did you Hear About the 10 Million Defaults Coming

September 21, 2011 in Highlights, REO News by Dan Waterman

foreclosureYes, 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.

Join Now

June 23, 2011 in REO News by Dan Waterman

Certificate NFSTI MasterDon’t get left behind market-after-market by making the same mistakes.

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FCIC: “The Financial Crisis Inquiry Report”

February 11, 2011 in Highlights, REO News by Dan Waterman

Financial Crisis ReportThe Official Government Edition of the final report of the national commission on the causes of the financial and economic crisis in the United States has been released for public viewing.  The report which was shrugged off by many industry experts covers the 2008 Subprime Mortgage Meltdown in its entirety as told from the Commission’s research and point of view.  The reason that this report was shrugged off by so many is that it seems to be released a little to late in the game.  There are already actions being taken to ensure this type of abuse doesn’t occur again (we hope) and it doesn’t single out any one reason for this disaster, but instead points the finger all around.

While it may not be something that reveals the future of real estate in America it is, nonetheless, very relevant to our industry and should be considered one of the key textbooks of our generation in real estate.  Anyone who has been involved in real estate between 2003 and the present day should consider the fact that this book represents much of the turmoil you’ve experienced in your career, with your clients, and fellow colleagues.

2011, as stated earlier in the year in NFSTI’s article “REO 2.0:  Unbeatable REO Performance“, is poised to be a year of significant change and return of the private sector banking and housing market from the GSE’s (government sponsored enterprise).  Preparing your office and business plan according to the direction of the real estate sector (which is led by the GSE’s since they are the major holder of all notes in the US housing market).  Take a look at this quote from an article dated September 23, 2010 by “The Basis Point“:

“Fannie and Freddie have already taken back nearly as many homes in the first half of 2010 as they did during all of 2009! F&F owned more than 191,000 homes at the end of June, double the year-earlier total, according to the WSJ. That number will grow because they are taking back homes faster than they sell them, and in turn have warned lenders who are taking too long to reclaim homes once they have determined that the home is vacant or once they have exhausted foreclosure alternatives that they need to do more to dispose of these assets.”

Download your copy of the report HERE.

Online Reputation

December 23, 2010 in Highlights, REO News by Dan Waterman

It’s time that you re-capture your online reputation. Do you know what turns up with someone Google’s information about you? What about when a potential customer searches for an agent in your region? Do you control the information that will allow your reputation to shine? Most of us don’t. That’s where the NFSTI Executive Profile comes in!

NFSTI Executive Profile

The latest version of NFSTI.com has the power to create an unlimited amount of Executive Websites for each of our members. All members have access to this enriched SEO feature that boosts your search engine ranking through the use of powerful tools and a strong CMS.

Each member of NFSTI has the ability to customize their Executive Website on their own, OR, you can have the NFSTI create one for you. The end result is a stunning, consistent, professional web presence with the strength of NFSTI behind you.

The Benefits

There are so many positive benefits to the NFSTI Executive Websites that you’ll be amazed.

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