I figured that I would post a little bit of information about Real Estate in my small hometown of Circleville Ohio.

If you’ve never been to Circleville, you should come, especially in October, because that’s when we have our yearly Pumpkin Show.

 Circleville’s current population is in the area of 12,000 , but around the pumpkin show time, we pack everyone in. Last year, it was estimated that 500,000-600,000 people came to the pumpkin show. Many city blocks are converted to areas with rides, food venues and games.

 As for Real Estate in Circleville …….

Ohio is very wonderful in the sense that our economy concerning real estate is much different than the “Hot” markets that once were on the East and West Coasts. As a whole , our market AT MOST has seen a 15% yearly appreciation with a 3-5% per year being much more common.

 This year, the overall real estate market in the US has been very noteworthy in it’s apparent “Demise”.

Our market however is quite different.

 Pickaway county this year has only seen a reduction in sales of about 1% this year as compared to last. Overall , our house prices up until October were UP $500 from last year. Of course, this is only about 1/3rd of a percent, but when some markets in the US have seen 20% and even 30% reductions in the average price, this is great.

 Real estate in Circleville is quite varied , and the county even more so. In our county, you can go from $3,000/acre land up to $250,000 land EASILY per acre due to location. Areas of our county have seen a good appreciation rate (While overall we’re about the same and a entire county.)

Please Note : You are reading Blog #2 in a series of articles about Deutsche Bank. Please review the other articles, as they may answer any other questions you may have that this particular articles does not cover.

Part #1 The long search for a deal
Part #2 I Did It!
Part #3 How to Contact Deutsche Bank’s REO Department
Part #4 Other Notes About Deutsche Bank

Well , it seems like I “Finally” Cracked the Deutsche bank REO Code….I didn’t realize how LONG of a process it was to find out who is servicing a Deutsche bank REO.

 If you’ve ever looked for a Deutsche REO property , you very well may of run into a brick wall it seems. That’s the same position I had till I had the 5th person call me on the phone about my various blog posts about THIS specific bank.

 If you’d like to know the who to call (And it’s only a few phone calls) to find out more information on that special REO property. Give me an email at brandon.schlichter@realliving.com and I’ll not only give you the information , but HELP you out!

 Now that I’ve got THAT out of the way ,here’s how my story ends, or at-least is to this day.

 The DB Asset that I’d been dealing with that was purchased from INDYMAC bank last month was BACK at INDYMAC’s REO division. I found out it wasn’t REO yet , but a non-performing loan. Now that I know it is currently a non-performing loan, it’s much easier to deal with than the long drawn out process of trying to find a website with information.

Lessons Learned that you can benefit from.

#1 DB Does NOT have a website that lists their foreclosures

#2 DB Does sell REOs to buyers directly, but there are HUGE pitfalls to this

#3 (I already knew this) CONSULT THE APPROPRIATE PROFESSIONAL, otherwise when dealing with these the wrong way you can end up in much debt.

#4 Calling a bank and waiting for hours is tedious, but the prize at the end may well be worth it.

I’ll be posting more information about this later, and maybe the contact information for DB as well. Unfortunately , to explain it all I have to type MUCH more than is in either DB Post.

Are you looking for a list of Foreclosures/REOs  If you are, I have a MASSIVE database of REO specialists all over the US that would love to give you a real-time list of what’s available in your area. Send me an email at Brandon.Schlichter@RealLiving.com and I’ll set you up with a Licensed Professional that will help.

Thanks for reading!

Brandon E. Schlichter

HER Real Living

Circleville, Ohio

740-571-1606

brandon@realestatecircleville.com

www.realestatecircleville.com

Well , today for one reason or another, I’ve managed to spend a good deal of time trying to track down a foreclosed property that Deutsche Bank owns in one of it’s portfolios.

 If you don’t know who Deutsche Bank is , or what REOs are , I’ll do a little education.

Deutsche Bank is a VERY large German bank , they have branches all over the world, and the US is one of the larger markets they have. They’re pretty big in buying loans that are originated from other mortgage originators.

 REO Means Real Estate owned , it’s what a bank terms a Foreclosure that is in one stage or another in their portfolio. They’ve taken the property back and are in the process of liquidating it.

DB is a large bank….VERY large , relatively rural area of Ohio , they seem to be the plaintiff in about 5-6 foreclosure cases per month. That’s a lot when you consider we have maybe 40-50 foreclosure filings per month.

Even though DB is so big, and they do control a very large portion of the market in loans, they have most likely one of the worst systems for locating their properties.

DB outsources all of their properties, and they will go USUALLY to litton loan servicing, which in turns outsources them to several REO asset management companies. These companies are the ones that “Give” The listings over to a real estate agent in the area to market, and find a buyer for the property.

 Quite a few investors and the like TRY to purchase the properties before they are listed with a real estate company. Some times, the properties are winterized by the agent’s crew, and various work done on the property. If a person were to buy a property from DB directly , they may save something along the lines of 5%-6% regarding the comission. 

 Having said you could save on the commission, everyone needs to realize that the properties most times are priced out by agents that work the market. REO assets are usually priced on a schedule that one, or several real estate agents set.

 For instance, you could have a property that starts at $100,000. At 30 or 45 day intervals, it drops a % of the purchase price till it’s sold. I personally have seen some (Low) properties sell for 35% of the origional list price. It’s possible to get a “Deal” on a REO property, but you NEED to be realistic about things. If the listing agent was good or at-least the person that priced the property was, they will take in to account the market, the condition and location of the property.

Sometimes there may be factors outside of the  normal scope of things the agent may of picked up on that could become a pitfall for a buyer/investor.

 Be careful when you look at anything and always have the appropriate people inspect the property. It’s one thing to get a deal, and another to buy something you think is a deal and find out the foundation is caving in.

http://www.realestatecircleville.com/foreclosures.html

This post is part of the Stickball Series of Posts : This is part #7 of the series.

To view the other posts in this section :

Movies 1-4
Movies 5-8
Movies 1a-5a
Movies 10-12
Final Movies
TWiBs 2 – The Tournament

This is the 7th section of movies I developed. I decided I would post the “Big” movie by itself

This was the BIG movie, it took me 3 months of work to publish one movie that was 10 minutes long. This movie had about 20,000 views in the first few days. It was a great success and I always look back on it and smile, as it was definitely the best work of all my movies.

This post is part of the Stickball Series of Posts : This is part 6 of the series.

To view the other posts in this section :

Movies 1-4
Movies 5-8
Movies 1a-5a
Movies 10-12
Final Movies
TWiBs 2 – The Tournament

This is the 6th section of movies I developed, Most of these were the final movies before the series was ended/abandoned.

For about a year prior to this movie, we had a major problem at a local field with players purposely cheating the chrono to raise velocities. Whether people realize it or not, the 300FPS limit is imposed due to the fact that anything higher will break a human finger upon impact at close ranges.

This was just a fun little movie I put together about the stupidity of some of the individuals I know to repair their equipment.

This is one of my absolute favorite movies, it reminds me (and many) of the good ol days of AOL : Paintball chat. The days of dozens of newbies talking smack are long gone, but we can remember and shine in the light of this testament to AOL : Paintball.

This was the last movie of the Stickballmovies.com series, we had run a contest for paintball stories. In the contest, whoever had the funniest story won, and this was the winning story! Very little was modified from the original story ,with the exception of the fact the team mentioned did win the tourney in the end (They had to max another game to make it to the semis, which they did).

This post is part of the Stickball Series of Posts : This is part 5 of the series.

To view the other posts in this section :

Movies 1-4
Movies 5-8
Movies 1a-5a
Movies 10-12
Final Movies
TWiBs 2 – The Tournament

This is the 5th section of movies I developed, these are very close to the top tier of videos in terms of quality.

This movie was based on a story I heard about various stock class individuals going to fields and playing against rich kids with expensive guns. I always wanted to do something fun like that, so I wrote a little story about it.

Stickball’s unconventional guide to the future was a pretty neat movie, as there were several ideas in it that were eventually used in markers. The guide series was extremely popular among viewers , and this was the 3rd one I published.

During the time of the series (2000-2002) wiping and other forms of cheating were getting extremely common in tournament play. Many players were (And still are) upset with the level of cheating in the sport. At the time, there were many stories going around about high level professional teams that made a habit of training players to purposely cheat. This was one of my thoughts on solving the problem.

Pickn’ paint was a movie made about the significant amount of rec players I knew that had a habit of walking a field to re-use paintballs. Of course this leads to problems with a marker, but never the less I think everyone knew “That Guy” who was so cheap they tried to reuse them.

This post is part of the Stickball Series of Posts : This is part 4 of the series.

To view the other posts in this section :

Movies 1-4
Movies 5-8
Movies 1a-5a
Movies 10-12
Final Movies
TWiBs 2 – The Tournament

As time went on , the following continued to gain ground, and I started putting together more elaborate movies, Some were quite prophetic with gun designs that would take place a year or two down the road.

This was a guide I put together to make fun of plenty of paintball guns.

Please note, there is a loading issue with this movie, you MAY have to right click > click play to get it unstuck.

A story was going around at a major tournament where a vendor was selling 40″ paintball barrels, causing guns to jam up and the such. Many on the boards made jokes about it being the same guy who ripped off many players (See pt 2 of our series).

In addition to the issues abroad we had a major lemming situation going on at the local fields. One individual decided on purchasing a 18″ Smart Parts All American Barrel for his Tippmann 98 (not a custom mind you , this was before they were made). Just like a bunch of kids do, EVERYONE at the field bought one, regardless of whether they worked or not.

I made this movie to make fun of them

Also , click on the O at the end of the movie, we started to throw Easter Eggs in with some movies.

This movie is pretty much true-to-life concerning a game I played at the local field. In a 3 on 3 match (2 Newbies on my team, and 3 on the other) I proceeded to run up the middle, and tag 2 of the 3 before being eliminated. The surviving player from the opposing team was hiding in a large water trough used as a middle bunker. The game in absolute seriousness lasted a minimum of 5 minutes in which the 2 newbies could not figure a way to eliminate the player in the water trough. We made fun of them for not figuring out how to solve the situation. To add to the comedic value , the player in the middle bunker never aimed at the other players (I assume he was too scared) and fired his paintball gun in the air.

I worked quite hard on getting this one out for Christmas of 2002 (I think it was ‘02). There was quite vivid discussion on the forums and chat to whether santa would play paintball, and if he did, how good he’d be.

This post is part of the Stickball Series of Posts : This is part 3 of the series.

To view the other posts in this section :

Movies 1-4
Movies 5-8
Movies 1a-5a
Movies 10-12
Final Movies
TWiBs 2 – The Tournament

Here is part 3 of the stickball movies, covering the “Newbie Mistake Series”

These movies were done well into the stickball movie run, I wanted to see how well short and sweet movies could do that could be produced En-masse rather than the tedious 10-20hr process the prior ones took.

This movie was based on a situation we had where a newbie at the field had asked to shoot a guy’s brand new KAPP Autococker (not a angel like the movie) and proceeded to massively screw the system up. Thankfully it was fixed relatively quick, but the individual branded for quite some time, and no one at the field let him use their gun for many many months.

Please note, there is a loading issue with this movie, you MAY have to right click > click play to get it unstuck.

A story was going around at a major tournament where a vendor was selling 40″ paintball barrels, causing guns to jam up and the such. Many on the boards made jokes about it being the same guy who ripped off many players (See pt 2 of our series).

In addition to the issues abroad we had a major lemming situation going on at the local fields. One individual decided on purchasing a 18″ Smart Parts All American Barrel for his Tippmann 98 (not a custom mind you , this was before they were made). Just like a bunch of kids do, EVERYONE at the field bought one, regardless of whether they worked or not.

I made this movie to make fun of them

Also , click on the O at the end of the movie, we started to throw Easter Eggs in with some movies.

This movie is pretty much true-to-life concerning a game I played at the local field. In a 3 on 3 match (2 Newbies on my team, and 3 on the other) I proceeded to run up the middle, and tag 2 of the 3 before being eliminated. The surviving player from the opposing team was hiding in a large water trough used as a middle bunker. The game in absolute seriousness lasted a minimum of 5 minutes in which the 2 newbies could not figure a way to eliminate the player in the water trough. We made fun of them for not figuring out how to solve the situation. To add to the comedic value , the player in the middle bunker never aimed at the other players (I assume he was too scared) and fired his paintball gun in the air.

In this gem of cinema , a player stays on top of a hill for a entire day. This did not happen in my expiration, but something close to it did. During a rec game at a friends farm ,a player was told to “Go hide in the woods and wait for the other team” He proceeded to do so, for several HOURS past the end of the game. It was a very hilarious story to hear from those involved.

This was based on a somewhat true story a friend told me (From the AOL paintball Chat) She wanted to play paintball one day, and a group of guy friends let her go along. They proceeded to treat her quite poorly due to her being a girl.

A similar situation happened to another girl, but in the end she got her revenge, So I melded the stories together and got this movie.