Foreclosure

Bank Owned Property

Evander Holyfield’s 109 Room Mansion Up For Auction

The sale of Evander Holyfield’s 109 Room Mansion in Fayetteville, Georgia is making headlines right now, highlighting the waning fortunes of the former 4-time World Heavyweight Champion. Every news article on this story focuses on the scale and opulence of the 12 bed/24 bath/45,000 square-foot mansion, 105 acre property. The mansion, built in 1994 when Holyfield was …

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Why I Hate Real Estate Dual Agency

The practice of Dual Agency brings so many conflicts to the table; I wanted to share some of them. Over the last 5 years we have sold hundreds of REO’s (foreclosures) and now with the market improving we are seeing fewer and fewer REO’s come up for sale, which is fantastic because it means we are dealing with regular sellers and the market is starting to improve. Take a look at this email I received about a new foreclosure listing we have. We have received similar e-mails inquiring about dual agency at least once a week for the last 5 years.

Fannie Mae REO Associate Caught Soliciting Kickbacks

An Irvine based Fannie Mae REO associate was indicted on federal bribery charges late last month. Armando Granillo, 44, used to work out of the government mortgage giant’s office in Irvine, California as an REO specialist. Apparently Mr. Granillo also specialized in offering brokers listings access to Fannie Mae’s extensive portfolio of foreclosed homes for …

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