Realty Check
Tough talk on all things housing -- booms, busts, bargains and more -- from "Nightline" correspondent Vicki Mabrey
Vicki Mabrey is a correspondent for "Nightline" based in New York. She covers real estate as well as a range of national stories.
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Odell Barnes to Respond Tomorrow
November 19, 2008 6:59 PM
We at ABC News and "Nightline" are both heartened and saddened by the number of responses we've received to the story we aired last night on real estate investor Odell Barnes. Heartened because we love hearing from you and knowing that you're watching. Saddened because so many people are in need of good, affordable housing, particularly in this tight market.
What we've done is ask Odell Barnes to be our guest blogger tomorrow, Thursday, November 20th, to write a message responding to all the people who've written in. He's not great with a computer, but says he'll have his wife type something up tonight.
I can also suggest that you Google "REO listings" to see foreclosed homes available through large lenders. "REO" stands for real estate owned. HUD has a website, Fannie Mae has a website, many major banks have websites where you can enter your area, the number of bedrooms and bathrooms required, and your preferred price range, then see what they have on their books. It's not the same as the Odell Barnes method, but it's a place to start.
In the meantime, please don't try to find Barnes' phone number -- he says he can't handle the volume of calls as it is -- plus, there's at least one other Odell Barnes in the phone book, who's not happy getting calls for that other guy.
November 19, 2008 | Permalink | User Comments (131)
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even I considered looking for his number. :)
I am a single mother in Houston,Tx that other than my child has no real support from my family. I work very hard but the dream of owning a home seems impossible. So does the dream of going to college. When I heard this report yesterday for this first time in my life this seemed possible.
I would move to any major city to be able to spend more time with my daughter, persue a quality education, and not have to work two jobs.
I can understand why so many people would persue this.
Mr Barnes,
I have a little money. I am breathing.
I am daring to dream.
my Email is:
melissamact@gmail.com
I would imagine the worst that could happen is an overwhelming amount of spam.
:)
Posted by: Melissa | Nov 19, 2008 7:34:36 PM
I am an older single woman that at this time has no hope of buying a home--I have worked all my life --I have worked at my current job for over 16 years--do you own any homes in the Portland Or. area?? I was amazed at your good heart---god bless you and your family---hope to hear from you.
Posted by: angie edwards | Nov 19, 2008 8:04:14 PM
I just fail to understand why the homes are taken in foreclosure and sold for pennies on the dollar. To me it would make more sense to lower the mortgage price and payment schedule for the original owner. he would probably be willing to pay more than what foreclosed homes are sold for. Do the math! Please!
Posted by: Ed Taylor | Nov 19, 2008 8:31:18 PM
Hello Mr. Barnes,
My passion is to help people who are in this housing dilemma. When I saw you last night on NightLine it was incredible. You are doing exactly what I would like to do in the Atlanta area. --- Trying to find mentors who are passionate for people has been an challenge. I look forward to hearing from you. dmorga19@bellsouth.net
Posted by: Donna | Nov 19, 2008 8:31:22 PM
Hello Mr. Barnes,
My passion is to help people who are in this housing dilemma. When I saw you last night on NightLine it was incredible. You are doing exactly what I would like to do in the Atlanta area. --- Trying to find mentors who are passionate for people has been an challenge. I look forward to hearing from you. dmorga19@bellsouth.net
Posted by: Donna | Nov 19, 2008 8:31:24 PM
Mr. Barnes I so enjoyed the interview that you did. It gave me hope that people are still basically good. I don't have a lot of money--but I could invest $20-30,000 to buy a few homes. I live in Dallas, Texas --I would be willing to buy homes in Texas.
Thanks
Posted by: Monica Clark | Nov 19, 2008 8:38:14 PM
Mr. Odell Barnes
I live in Sandy Springs Georgia, in a 2 Bedroom Condominium, but I'm originally from [Greenville S.C.]
I would love working with you, in any capacity to keep my Home and take care of my wife and 2 sons, as well as maintain our Home.
Theres nothing that I'm not willing to do, in order to keep my Home.
We're not behind on any [Payments] of our Home, we've never used our [Equity] an we've Never been [Behind on our Payments] and I would like to keep it, that way.
After watching You last night, I said to my wife...
"I would like to work with and for this man"
My Wife is a RN and she's a Breast Cancer Survivor of 3 yrs...
We have 14 yr old Twin boys and I work for myself, the money is not good at the present.
I would like to work with you, in any capacity.
I would Definitely Appreciate any Career oppourtunities, that you may have to offer.
I would really appreciate any oppourtunity you may have.
Thank You
An continue doing the Great Work that you do.
--------------
PS: My wife's dream was to actually own a 3 bedroom home in Sandy Springs Georgia, because the children could continue to attend the same High School and My wife would only be 3-5 miles away from her Clinic. \
We'd Appreciate any leads you may have regarding all the fore mentioned.
Thank You
My Sincerest Regards
O.
Posted by: O. | Nov 19, 2008 8:38:45 PM
I am excited beyond words at this moment… I have been trying to locate any information in regards to getting in contact with Mr. Barnes, and here you are… I am so looking forward to reading your Blog on Thursday, with the hope that you will have something, I mean anything listed in the New York or New Jersey area…
I am a 35 year old single female who has been working in the medical field for the past 15 years here in the New York City area… After seeing you on the first show that aired, I thought I have figure out a way to get in contact with you or your representatives, and now I can…
Thank you so much for giving your time and kindness to those of us who really want to live out our dream. I also want to thank Night line for providing a forum for which this could be done… Thank you both so very much.
Email: CUITTINA_RILEY@HOTMAIL.COM
Posted by: Tina | Nov 19, 2008 8:46:49 PM
Mr. Barnes
Great story in keeping the american dream alive. Short and sweet, like to help the cause and looking for Colorado Springs home, put me in touch with your realtor. Would rather my money go to our efforts and not a greedy speculator.
Posted by: Dave | Nov 19, 2008 8:52:26 PM
Do you own any home in Mississippi
Posted by: Thena | Nov 19, 2008 9:04:32 PM
Do you have associate realtors in ATLANTA, GEORGIA?
I need a house in ATLANTA.
I have a job.
carter.brandy@yahoo.com
Posted by: Brandy Carter | Nov 19, 2008 9:06:35 PM
i am looking for a home in LongBeach Mississippi
Posted by: Michelle | Nov 19, 2008 9:08:03 PM
I have been to the REO and bank sites to look at homes for our daughter and 2 grandchildren. They seem to want retail on these sites, and for a single mom with two kids, that just won't work. I mentioned this story to her and she was excited that there was a way for her to afford a "home" for them.
I would be very interested in knowing what is available in the Northwest suburbs of Chicago. She really wants to be in Crystal Lake, as her girls are familiar with the area.
She is 26 and has started school. She has a steady full time job, and is really trying to make a good life for her and her girls.
I am excited to hear what your options or ideas are for the many families who are so desperate to have a piece of the american dream.
Posted by: Cindy Hurley | Nov 19, 2008 9:08:36 PM
Just wanted to say thank you ABC for the report last night. I have been out of the Real Estate business for a few years, but, please do a follow up report on the importance of doing research prior to purchasing any forclosure. I could be wrong, but, if I remember correctly, any liens, building/property code issues on the property may or may not transfer to the new owner and become a headache. I miss the business. I loved helping people, but, we must educate first, then assist. Make the buyer's purchase a happy but informed one.
Posted by: Pati | Nov 19, 2008 9:15:27 PM
HOW DO WE REACH YOUR REALTOR PARTNERS IN THE DIFFERENT STATES?
I need a house in G E O R G I A.
Posted by: Brandy Carter | Nov 19, 2008 9:15:53 PM
Just have Mr. Barnes contact me. I don't have a house to sell him however, I am looking to buy a home in the memphis area at a good price. And he is just the person that can tell me how to do it. By the Way i was very hopeful and inspired after watching his story.
Posted by: Stephanie Ramsey | Nov 19, 2008 9:24:23 PM
I can't emphasize enough how encouraging it is to hear that there are people of means in this world that are not motivated by greed. I am a hard working, gainfully employed, single mother of three, striving toward homeownership in the Atlanta area. Any info that you have to assist me is more than greatly appreciated. May God abundantly bless you.
Posted by: Tiffany Hammond | Nov 19, 2008 9:25:41 PM
Great Story with encouragement for any family. Please contact me if I am unable to contact you. You are a Great asset and have information that can help many people.
Posted by: Stephanie Ramsey | Nov 19, 2008 9:31:48 PM
I didn't watch the story last night, so I had to go and find the story online. From what I have been reading in this blog, I thought this man was some kind of saint...what I read online was something different. Over 30% of his buyers lose their houses because they can't afford them or they can't afford to fix the home. This man has gotten rich on the backs of desperate people who want to own a home.
Posted by: samhiguchi | Nov 19, 2008 9:55:25 PM
Hi mr. Barnes,
I've read an article about you before, and was intruiged even then , more so now.!my husband and were just talking about the same concept.I would love your input. I know your busy, but we can't rely on govt. Or financial Inst.it takes a village!thanks
Scarlett
Posted by: scarlett | Nov 19, 2008 10:00:04 PM
I will believe this guy when I believe it when something is to good to be true they always say beware the story is a feel good story but remember Bill Gates and Warren Buffet don't just advertise about what they do what I mean is nothing in life is free Mr Barnes is a business man first and he is looking to make money like anyone else please everyone do more extensive research first and come back in couple of months and lets see
Posted by: Interesting | Nov 19, 2008 10:02:45 PM
The story was great. I believe that Mr. Barnes is doing a great service to the communities he buys homes in. I am very interested in doing this in my area. any tips on how you get started would very helpful. As a real estate agent- I have many people come to me when they are in forclosure and they dont have a way out. The way you are selling homes is the way of the future. we cannot continue to have whole communites lose their homes.
Posted by: Kem | Nov 19, 2008 10:19:45 PM
Hello Mr. Barnes, I live in Blue Island, Ill and saw the report of how you are doing something positive to help people during the housing crisis. I just sent my son to college and currently do not qualify for a mortgage. Thank God I have ajob and it is my dream to purchase a home. If you have any properties in Chicago or surrounding burbs, please let me know and may God Bless your ministry. karentham@yahoo.com
Posted by: karen | Nov 19, 2008 10:21:29 PM
Mr Barnes, I would like to purchase a home from you in Maryland. I would prefer a condo or a townhouse. Are you doing business in that state?
Posted by: eve | Nov 19, 2008 10:21:51 PM
Hello Mr. Barnes, I saw the beautiful report on how you are helping people in need during the housing crisis. I am a 47 year old mom who just sent my son to college. I do not qualify for a mortgage but it is my dream to own a home. If you have any homes in the suburbs of Chicago or city please contact me. God Bless you and your ministry. karentham@yahoo.com
Posted by: karen | Nov 19, 2008 10:24:28 PM
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