Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
4,550,373
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

There are many things I am happy not to follow these days.  Need I begin?

Nov 19, 2019 01:16 PM
Rainmaker
755,555
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

My experience working with Ocwen was terrible. I must have called them for 2 months straight telling them to winterize a property I had listed & they gave me the runaround til one day the pipes burst from the cold. 

Nov 19, 2019 01:08 PM
Ambassador
6,348,423
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that they treat all of their REOs with neglect.

Nov 19, 2019 05:08 PM
Ambassador
3,580,029
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I quit doing distressed sales about 5 years or so ago. Glad I did. BTW Ocwen was horrible to work with.....horrible. Somehow it doesn't surprise me that they are handling different neighborhoods differently.  Shaking my head.....

Nov 19, 2019 01:54 PM
Rainmaker
5,095,861
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

We have very little reo property in my area.

Nov 19, 2019 01:47 PM
Rainmaker
1,497,588
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Altisource handles REOs in our part of Cali as well.  Have always been fairly well maintained.  Have not heard of this lawsuit.  No interest in following it as it does not pertain to me.

Nov 19, 2019 01:42 PM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have done work for all 3 and they dont care if it is a luxury area or downtown, they didnt really maintain anything. It was not one over the other. It was none. AND such a shame because i manage a lot of my reo listings, manage trash out, repairs and let them know what is needed and what is not, they need to listen and STOP using national preservation companies that lead to the issues. 

Nov 20, 2019 05:17 AM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No, did not follow

Nov 19, 2019 10:31 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Just a few here and there REO. 

 

Nov 19, 2019 09:56 PM
Rainmaker
1,292,076
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am not aware of this problem. 

Nov 19, 2019 04:32 PM
Rainmaker
226,922
John Van Hogen
Keller Williams Realty Professionals - Hillsboro, OR
Serving Sellers / Buyers / Investors 503-680-9390

Not following this action Caroline. It's not surprising though. Lenders have discriminated for decades. Companies of my former boss (W Buffet) have been fined for discrimination on more than one accassion in the past few years. Makes me cringe. 

Nov 19, 2019 03:49 PM
Rainmaker
1,839,276
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No but it's nice to know that things are finally catching up to them. In some neighborhoods because of the low property costs, they decided that nothing needed to be done & then blight happens. This is in the city of Chicago. In the burbs where I am, the towns are after them 24/7.

Nov 19, 2019 03:40 PM
Ambassador
3,338,319
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

There was a time when we had many REOs in my market. Some were not kept up and trashed-out properly.  

Nov 19, 2019 03:13 PM
Rainmaker
5,188,610
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

So many issues here that are beyond the scope of this forum. Sometimes municipalities force the lenders hand to walk away!

Nov 19, 2019 02:31 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

wow.... no I'm not following any of that.... and we're in the country.... 

Nov 19, 2019 02:22 PM
Ambassador
3,159,209
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

yes and frankly I think it's BS.  The bank didn't creat the eye sore.  That was done by the people who didn't pay and left them that way.

Nov 19, 2019 02:09 PM
Rainmaker
7,784,274
Roy Kelley
Retired - Gaithersburg, MD

I am not following this.

Nov 19, 2019 02:07 PM
Rainmaker
2,371,574
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I am not following it but I refused to work with Ocwen long before I retired because they were a pain in the ass period Caroline Gerardo 

Nov 19, 2019 02:04 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Thank you for sharing the inforrmation.  A

Nov 19, 2019 01:40 PM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe
Nov 20, 2019 11:55 AM
Ambassador
4,650,577
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have not followed this, but I definitely need to check it out.  Then again, I may take my friend Michael Jacobs advice and choose not to follow, haha.

Nov 20, 2019 11:33 AM
Rainmaker
1,528,354
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No. Results are all I check in briefly on, not the drama of the process...not my job, not how I get paid.

Nov 20, 2019 08:03 AM
Rainmaker
5,846,708
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not, thanks for sharing! 

Dec 01, 2019 08:38 AM
Rainmaker
626,208
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

This is a BS lawsuit! My experience with REO property tells me banks do little to keep up any of them! A property has to be very high 6 figures before they even take notice. Your pics don't surprise me at all. Banks don't spend a dime to improve a REO. All they care about is plumbing, electrical, and a hole in the roof. They look at spending on REO property as throwing good money after bad

Nov 21, 2019 02:38 AM