RealtyProx at Distress Sale University's Conference
On April 30th RealtyProx was featured at Distress Sale University's (DSU) "Success from Distress" Conference in Anaheim, CA.Vladas Krivickas, a marketing director with RealtyProx and National Closing Center, was one of eight guest speakers at the event. Read More »
Simple RealtyProx Fee Structure
RealtyProx does not charge setup fees, monthly fees or maintenance fees. All users have unlimited file storage (including photos), unlimited deals in a pipeline and unlimited users (in terms of accounts that a listing agent creates for other parties). The only fee that RealtyProx Inc. collects is a $149 technology fee, due once a short sale is closed. Read More »
New RealtyProx Version Released
Finally, it's official: a new version of ReatlyProx has been released. Although our IT team is still working on minor fixes and updates, we have officially transitioned to the second version of our short sale processing platform. Many thanks to our users for their patience and support, especially for those of you who gave your suggestions and feedback! Read More »
How long does the free trial last?
Since announcing a free trial campaign that has no specified end date, we got slammed with questions. Why? What’s up with that? Are you going to hit us with ridiculous fees later? Destroy our data… and so forth. All these questions are very legitimate, so I’m taking time to answer them here. Read More »
Freddie faulted on mortgage reviews
A federal watchdog said Freddie Mac may have given up opportunities to recover billions of dollars in claims over defaulted mortgages and suggested that a January settlement with Bank of America Corp. to resolve $1.3 billion in bad-loan claims was inadequate. Read More »
20 percent down payment an unlikely reality
Remember the proposed requirement from six federal agencies that home buyers make minimum 20% down payments if they want the lowest interest rates? Remember the controversy that erupted over the plan last spring, when labor unions joined with bankers, civil rights groups, mortgage companies, realty agents and consumer advocates to get it changed? Read More »
Is the housing market healing?
Definitely some interesting number-crunching... Ever since banks began revamping their foreclosure procedures last fall, tracking foreclosure activity has provided little insight into the state of the American homeowner. Banks are increasing their shadow foreclosure inventory while decreasing the number of actual foreclosures that occur, skewing the numbers. Read More »
Exciting changes coming to RealtyProx
High-demand of our software and rapid influx of new users prevented us from making some changes to the system. Finally, we're ready to announce that in next few days user help panel will be updated and some key components revamped. We are really excited about it and hope this will make first-time users' experienced even better. Read More »
Short sale negotiation is key
According the article published by the USA Today, many former homeowners find they are still in debt to their lenders, even after their short sale is successfully completed. Although a short sale is supposed to help homeowners, who owe more on their mortgage than their home is worth, sell the property, proper negotiation is the key if these individuals want to be off the hook for the debt. Read More »
REO is more prone to fraud than short sales
REOs are more prone to fraud than short sales. According to CoreLogic, there is a "growing area of suspicious activity" in real estate owned sales, and the REO market represents a larger risk to the mortgage industry than short sales. The 2010 Mortgage Fraud Trends Report found overall mortgage fraud increased 20% compared to its lowest level in 2009. Read More »
RealtyProx as an accountability tool
In the annual conference/expo, organized by National Association of Realtors (NAR) in New Orleans, we were asked how RealtyProx is different from other software solutions for real esate offices. Our answer was very simple: most of these solutions are not really meant for a real estate office. Read More »
Pardon our dust!
Pardon our dust while we are working to release the full version of RealtyProx. We are still tweaking a few things, so as of today, only one plan is fully functioning, that is Short Sale Processing. We have tested it the most thoroughly and we're absolutely confident that agents, brokers and short sale processing companies are going to love this product. Read More »