網路城邦
回本城市首頁 不平則鳴
市長:麥芽糖  副市長: 一葉孤鴻*Jackey*逸名blackjack
加入本城市推薦本城市加入我的最愛訂閱最新文章
udn城市政治社會政治時事【不平則鳴】城市/討論區/
討論區太公的荊洲 字體:
看回應文章  上一個討論主題 回文章列表 下一個討論主題
對老美可說理﹐在聯網﹐小草就要柔柳隨風飄
 瀏覽1,428|回應2推薦1

曾太公
等級:8
留言加入好友
文章推薦人 (1)

麥芽糖

Name:Bill *****
Email Address:Bill ******@***.net
Subject:US Bank REO dept url
IP:
Message:

Hello Ed,

I have a client who has a full price offer into US Bank since July 24. We were informed on July 30 that another offer was submitte3d on July 28 that wasw 15k less than ours. Yet the bank has never addressed our offer (my buyer is strong with a 28% down payment, and excellent credit.

Yesterday I was informed that our offer was still on top. Today we were informed that the bank is not considering our offer and (bye bye, so to speak). I asked if the other offer they are considering is higher than ours. The respose was that she things they are talking to a cash offer.

I think they are wanting me to disappear so they can get the property to a friend at a bargain price. There is also a $3000 bonus to the buying agent.

I want to talk to the REO department to confirm that they have received my offers, but I can't find a url. Do you have one that will get me there?

Thanks,

Bill *****
Re*** *****
**********

********30
Bill ******@****.net

 

 

******  *******  ******

Dear Bill,

I don't blame you for coming up the idea of "plot" in our profession.  I have seen it all in my past, even my present.  Believe me even God can't do nothing about the reality of Real estate practice, let alone our Congress.

It is true there are a lot of sharks in business, and a whole bunch of wolfs working together in RE.  Even at this moment, I still can point out some cases that some loan brokers are still doing the same SUBPRIME loan plots with reputable big bank.  They care less about the damages made by the current credit crunch to our economy than their surviving needs.  In fact, it is a JUNGLE out there on that justice can't have a say. 

As it said: "different days, same old shits."  Out there time has been changed, but something (such as "inside trading", "big brothers", still stay.  

Here is the information you requested.  Please use these two web-links. 

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/reoPropertiesReq.cfm

https://customercare.fnfismd.com/usbankhomemortgage/reo/reoReport.asp

Also, there are US Bank's mailing address:

U S BANK TRUSTEE
60 LIVINGSTON AVE
SAINT PAUL MN 55107-2292

US BANK NA TRUSTEE
3476 STATEVIEW BLVD
FORT MILL SC 29715-7203

I just pull them out of my file so that I am not sure they are working or not.  In addition, it seems to me all the banks are lazy so that they don't spend time to improve their computer, communication or filing system.  They don't improve the effectiveness so that their right hand doesn't recognize their own left hand.  They don't care to let you catch 22.  So expect you are getting nowhere and nobody is taking care of the shop.  Don't expect too much from a conservative banker, he is just a 9-5 employee if not a bureaucrat, let alone she is an entrepreneur.

Wish you a good luck in this situation, even I really doubt on "Justice shall prevail and overcome the tyranny of status quo". 

*******  ******  ******

2 Comments on Wish you a good luck, Here are the Reo department web-linKs

As a person who sells REO properties I am always amazed at the opinions of those who know nothing about it. First there is no way a banker told you what another offer was. Second most of the bankers in these departments are emailing me after 9 at night and often on Sat and Sun; so much for your 9-5 job. US Bank is serviced at the address you are referring to but they use an outsourcer; therefore, you addressed your letter to the wrong company exposing your lack of knowledge. The offer as described should have gone to the loss mitigation department not the REO department. The bank employees are not perfect but in may ways they are much more professional than the Realtors I deal with on a daily basis.  The are certainly more professional than those commenting on this page.

08/05/2008 07:58 PM by Cliff Roe


To Cliff,

Please don't go so fast.

Did Bill mentioned that he was informed by a US Banker?  As I remembered, Bill says "We were informed".  Where you come up the idea of that a banker told or emailed him?  That's ridiculous under our professional ethic code.  Don't you know that a client relationship do exist between seller/ buyer and their agency?  Well, I know that is in theory, not applied to the real real estate world as the legal attorney/client world.  Good example for theory and practice!

On July 28, I made an all cash offer of $260,000 to buy a condo in California.  It was foreclosed for $297,000 about 40 days ago.  The bank immediately put it on market.  So, the patient me asked my agent Randy write up the offer for me.  Before I submitted the offer, Randy checked into it and confirmed by listing agent that nobody made an offer in the past 3 week.  Randy told the listing agent we would present an offer. 

Right after our offer was given, the listing agent informed Randy the very next day that there was a higher offer coming.  Randy was told the exact amount of $320,000 offer with loan contingency and he was suggested to increase our offer to $300,000 all cash to beat it.  I declined it.  That's my philosophy of naturalist: if it is mine, it is mine; if not, it is not mine. 

Outsourcer?  What's that?  Don't tell me that is an asset management company located in India.  If that's the case, you don't have to wonder why you got emails in midnight: that is 9-5 in India. 

Yes, I agree with you that HUD has hired so many asset managers that none of them knows other assets managed by others.  For example, Southwest Management used to just take care of HUD's assets located in Arizona and Texas.  Two years ago, Southwest has no idea about other HUD properties beyond these two states.  Even I asked a Texan property in San Marcos that clearly has on its main door a post of HUD warming of winterized treatment, My friend who is used to be a HUD listing broker and I got an answer back from Southwest saying that there was"no record" showing HUD owns it.  note: Southwest improved its website to cover the whole states now; but I don't know when it happened.

Well, you just confirm what I said sometimes a banker's right hand doesn't know his own left hand by your saying that REO department don't know its Mitigation department.   Tell us from your selling REO experience why these two internal units of the same bank are supposed not to communicate each other as your comment implied? 

 I sure don't want to argue with you about your first sentence: "The bank employees are not perfect but in may ways they are much more professional than the Realtors I deal with on a daily basis."  Because you deserve your observation, but I had been with a branch manager of ShimitomoBank in 90's.  She has no slight idea of what a piece of Trust Deed means.  It is my observation: A banker is not more professional than a realtor.  Both has different expertise. Please don't judge people by their label or profession and look down at others.

However, I believe that you don't know what you are talking about when you said: "The(y) are certainly more professional than those commenting on this page." So far, there is only one person commenting on this matter.  That's me. I take your comment as compliment, Okay.

BTW, just curious.  Are you a god or so smart, far-sighted to know whoever is going to come up and response to this page? Don't shut up other's mouths.  Everyone is free to speak out his true belief, disbelief, or doubt as long as he is not lying or fabricating, right? 

 

08/05/2008 08:28 PM byEdward Tseng 


雲遊去了﹐有緣自聚
回應 回應給此人 推薦文章 列印 加入我的文摘

引用
引用網址:http://city.udn.com/forum/trackback.jsp?no=50539&aid=2971814
引用者清單(2)
2008/08/06 11:30 【曾太公落美洲】 對老美可說理論道﹐對老中就要言性話情
2008/08/06 11:27 【不平則鳴】 對老美可說理論道﹐對老中就要言性話情
 回應文章
Reality Check
推薦1


曾太公
等級:8
留言加入好友

 
文章推薦人 (1)

麥芽糖

To answer why are two internal units of a bank not supposed to communicate to each other-  Banks are large Corparations.  (The same applies to Government agencies as well)  I've done both.  Each department in the organization are set up differently and have their own Director.  They are allocated monies to operate their department.  In essence, they are the CEO of their Division.  Loss Mit and REO are 2 seperate companies within the Corporation.  They are FUNDED diffently. 

When the bank outsources the unit, they have approval power.  The out sourcer takes care of the asset.  US BAnk has serveral Out Sourcers that they use.  So the Banker is relying on other info, he is not the AM.  The out sourcer acts as a property manager for the owner. 

And as Ed said.  Sending a letter to US Bank for an REO Asset, its not going to work.  Even if it gets to the REO Division management he will funnel it to the Asset Managers manager within the servicer, which will flow down to the Asset manager, then flow up the Asset manager manager, to the REO manager.................. 

It is easy for the Buyers agent to blame the Listing agent and accuse of trying to take both sides of the deal (which is rare that it happens).  Every bank deal I have in pre-list sure I hype my investors up for it.  Thats what I get paid to do, thats why my investors return to for and AMs continue to send me listings.  Results! 

When I do traditional listings I start hyping the property prior to the MLS listing.  I work for the seller. 

08/06/2008 12:51 PM by Chad, ReMax ******


Thank you, Chad.

You seem a real guy who knows the traditional mechanism of REO practice.

Can you tell us more about the current channel or system for REO marketing and how you feel about this grandfather-old style can fit in the Cyberspace.

Maybe I will tell you what I have observed to let you know something is so fishy, not as you said so "rare" as Japan's Sashimi, in our American gourmet kitchen.

08/06/2008 04:51 PM by Ed Tseng 

回應 回應給此人 推薦文章 列印 加入我的文摘
引用網址:http://city.udn.com/forum/trackback.jsp?no=50539&aid=2973923
敬回胡公(太公只願與聯網少數幾人交流之一)
推薦1


曾太公
等級:8
留言加入好友

 
文章推薦人 (1)

麥芽糖

離鄉日久遠﹐故人己大千
修改刪除     回應給: 胡卜凱(jamesbkh) 2008/08/06 22:53 推薦0


曾太公
等級:7
留言加入好友

 

吾兄錯矣﹗

太公是『以偏蓋偏』﹐標題明白指的是兩個特定的狹小『公』領域﹑特定的小小政治文化。在美﹐純指是一個地產專業網站﹐在中﹐則純指聯網的政治論述環境。

前者﹐自由發揮﹐可以理性論述﹐沒有狐群狗黨﹐即使偶有出現﹐也終究是不敵事實與邏輯﹔後者﹐就不再多說﹐各自隨緣﹐言性順情﹐請兄體會一下﹕在聯網抹黑栽贓的煙霧中﹐理性﹑知識一斤值多少吧﹗

小弟純獨自發抒心情﹐言出腑內﹐純粹說說個人對兩個網站的感受。表達『論理』及『抹黑』體會而已﹔太公小草﹐在美國網站﹐絕對依理據事﹐罵自己老美很率直(或更兇狠)﹐是比回娘家當客人﹐溫和太多。本文標題﹐太公並未﹑也無意泛指『全面』的政治文化﹐來個井蛙觀天﹑『瞎子摸象』﹑或如歪市長的搞神秘﹐『大貼標簽』抹黑他人以自尊。

離鄉日久遠﹐故人己大千﹔請諒解小草﹐恕無此機緣或能力﹐觀察超過聯網的其他『大』框框﹔盼吾兄不必過度擴張解讀。

回應給此人 推薦文章 轉寄 列印 加入我的文摘
引用網址:http://city.udn.com/forum/trackback.jsp?no=2976&aid=2972587
以偏概全
    回應給: 曾太公(et13808) 2008/08/06 13:29 推薦0


胡卜凱
等級:7
留言加入好友

 

我大致看了一下大作,但是我想你的標題是在以偏概全。

我一再重覆和強調:

國內社會有法律和社會規範。國際社會只談力量和利益

銀行業務屬於需受法律和社會規範節制的範圍。如果你的"老美"指美國社會中在公共領域活動的個人,尤其是無權無勢的個人,他/她當然要守法和講理。我想不只"老美", "老英"、"老法"、"老德"、"老台"亦然。

中國目前在法律和社會規範的面向的確相當差,我也多次批評和譴責。雖然如此,在中國社會,"老中"如果指無權無勢的個人,我想他/她也要守法和講理

此外,(工具)理性也只適用在有法律和規範社會中的公領域。

因此,評論社會議題不宜過度引申



本文於 修改第 2 次
回應 回應給此人 推薦文章 列印 加入我的文摘
引用網址:http://city.udn.com/forum/trackback.jsp?no=50539&aid=2972594