I clapped. And wept. Spielberg and Scorcese had better look out. Hollywood has a new powerhouse director and screenwriter — Kris Berg.

Kris, you are so awesome!

That deserves an academy award! I need to send it out to my 47 panicked first time buyers right now!

Truly Hilarious. Thanks, Kris for the comedic break from reality.

[...] Ho! [...]

Excellent work. His Hasselhoff essay was in the wrong font! (I hate it when that happens)

[...] How to buy a bank-owned home – WOW this is dead on!!! Great job [...]

Kris, this is classic! Worst part is…. it’s 100% dead accurate.

Kris – so sad, but so true. Thanks for the minute of comic relief – now back to reality and the several home buyers I have trying to compete with the cash investors. How did our market come to be like this???

I laughed so hard I cried… good karma to you for the honest, but hilarious movie!!! I may now have the emotional fortitude to discuss a refi with Tim F.

Absolutely 100% accurate portrayal ! Just had a 1st time FHA home buyer turned down on an REO property (with 13 other offers) today…so, it was comic relief for sure!! Thank you

Self-consciously cracking up!

Kris, you are amazing.

[...] Kris Berg at San Diego Castles Realty created the following video to put it all in perspective!  ? [...]

Cinéma vérité at its finest! Brilliant!

Very good!

This is true genius!… I saw it on Inman and had to pass it around to almost everyone I know… thanks for the giggles !!

Kris: Start getting fitted for your red carpet dress and those little shoes. Your movie of the year nomination is forthcoming.

Aree with all the others – this is such a real potrayal of working with first time homebuyers in this market. Especially accurate is the attitudes of some of the other agents we work with on a daily basis.

OMG, that was so hilarious! Get this, after having had buyers that have lost REO offers to cash buyers, now I have a cash buyer and am told that Fannie Mae’s initiative will now give first preference to primary residence buyers for the first 15 days…can’t win. I loved the foreclosure agent part, ” busy, busy, busy”, will not return your call, and may not even exist! So, true…even when some of them don’t even have that many listings.

“…Fannie Mae’s initiative will now give first preference to primary residence buyers for the first 15 days…”

What is this initiative all about?

Tim…Fannie Mae’s “First Look Initiative” says that all Fannie Mae Bank Owned Properties new to the MLS (multiple listing service) can only accept Owner Occupant Offers for the first 15 days. After the property has been listed for 15 days then Fannie Mae will consider investor offers.

That’s great news for homebuyers getting a head start in the race for great properties and deals, but not so great for investors.

Thank you, Jeff! This is the first I’ve heard of it. Is there any way to identify a property as being Fannie Mae owned in the MLS? Or, is that something my agent would easily be able to find out?

Thanks for sharing this encouraging news!

Her-sterical & sadly accurate Kris!

Loved it, Kris – one of my faves! Thanks!

[...] Her movie – I have no idea how she did it – wraps this whole post into a few minutes of the funniest and most accurate portrayal of what life is like in the world of REOs. In fact, if it wasn’t for some comic relief once in a while we’d all be crying – or in the crazy house – or both. Share and Enjoy: [...]

Would be hilarious, except for the fact that I’m a professional freelance 3D animator, and I lost my home a year ago after my workload dropped off and my ARM kicked in at the higher rate.
Salt in the wound!
All kidding aside, it made me chuckle.

When can we expect the sequel on short sales?!

[...] Video: How to Buy a Bank-Owned Home [...]

Phenomenal phenomenal and phenomenal (not to mention dead on correct).

And buyers wonder why I want nothing to do with finding them a foreclosure! I’m happy to refer them out to a much more patient agent.

Definitely passing this on.

That was hilarious!! The part about foreclosure specialist was spot on..OMG! It is sad our profession has come to this but it has.

OMG, my broker sent this to my and I thought I’d die laughing!!! I SOOOO want to send it to my first time home buyers…but thought better of it and decided to keep it to myself……because it is WAY too close to the darn truth and would be painful…..OY!

Too True! I have been sent this video from 3 different SD agents today. You are the newest viral video phenom!

If it wasn’t so true it would be funny! Ok it IS funny. Thanks for providing a bit of levity in this oh so difficult market. So in conclusion my suggestion to my buyers is \”Go with Short Sales – yes you may not get the Tax Credit but at least you have a chance to actually buy a home – that is if the Short Sale agent knows how to get the job done!! – I interview them – do you?

Oh Kris, That is completely awesome and way too truthful.

Hi … I the Designated Broker with West USA Realty in Phoenix, AZ (1100 agents) … and our agents have met this listing agent before — more than once!! Thanks for the “reality check” in a clever format!

Absolutely hilarious!! “Rejected like a bad kidney…” is the new catch phrase in our office! Thanks for the laugh!

Kris – I loved it! Posted it on Active Rain and gave you credit!

Nice. I was laughing thinking of a very similar conversation I tried to have last week with a foreclosure specialist aka REO listing agent. Thank you for putting together a very entertaining movie!

[...] to buy a bank-owned home. by Kris Berg on October 5, [...]

Kris, your movie was priceless! It conveyed all the drama, pathos, and tragedy of trying to buy a foreclosure.

Watch your back, Spielberg!

Best regards,

Robin

[...] video credit:  OC Real Estate from San Diego Home Blog [...]

Bravo Kris,
You so brought the painful truth to hilarity!! A few of us in entrenched in distressed world in Central Florida are thinking of creating a Broadway Musical to depict our madness in Distress Home Sales..Helen Thompson

This is right on the mark! I love the “busy, busy, busy” – I waited two weeks for an agent to get back to me; just to say he was having communication problems. Guess the string broke on his telephone can.

Thanks for the laughs!

That’s funny and sooo true. We have been looking for a house for over a year and a half. We have looked back at houses we put offers on and most sold for less than what we offered. We assume because we have an FHA pre-approval What is a buyer with good credit, only FHA approveable supposed to do to get a home in San Diego?

Haha…nice!

[...] Thanks to my friend Kris Berg for sharing. [...]

Kris, you’re hilarious! You must not list many REO, otherwise you sadly wouldn’t have time to make the movie!

This is the funniest and saddest video I have ever seen. This is so true… We have been sharing this concept with our buyers for about 9 months now.

Hilarious Kris – It’s good that we can laugh about it. We have a couple local REO specialists that fit the bill…sad but true.
And how creative on your part! Thank you.

I laughed then cried, my wife laughed then cried then told me how many or our current buyer clients we had to email this too.
Thanks for the oh so insightful entertainment.

[...] Take a look at this entertaining but quite convincing video! [...]

What a great video…and sadly so true in so many cases!

[...] Take a look at this entertaining but quite convincing video! [...]

[...] are fraught with exciting plot lines and surprise twists, but the waiting period from offer to response is not generally terrible. Banks don’t work [...]

[...] Our colleague Kris Berg San Diego Castles Realty posted a really funny cartoon about how difficult it is to get in…. [...]

Accounting Assignment
fantabolous post..