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.
RECENT POSTS
MONTHLY ARCHIVES
« Previous | Main | Next »
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)
You can follow this conversation by subscribing to the comment feed for this post.
I received a phone call from my sister at work regarding this story that aired. I was so excited that there might be hope after my family put up our home that was paid off to purchase 6 other homes to help people with addiction. When the interest rates went up,it doubled the payments on all the houses and the banks would not work with us to keep any of them, including my mom's house of 50 years. We have since re-located all tenants and have donated all appliances and furniture to community centers all around Las Vegas to needy families. My family of 3 adult weman and 3 children are now separated, living with different friends because all 6 of us couldn't go to one place. Our act of kindness for others cost us everything we had and the college funds for our own children's futures.If there is any information you could give me Mr. Odell on how I can get a home for my family so we can be together again, I would be forever grateful. Thank You Sir for your time and your kind heart.
Posted by: Debbie Resly | Nov 19, 2008 10:29:57 PM
To the previous poster..Mr Barnes is buying them cheap and then passing the benefits of his hard work onto others, which is more than I can say about alot of investors out there. He even gives people a year with no payments to fix up their home on some of them. He doesn't HAVE to sell them cheap and he's taking huge risk with people with low credit scores. Yes, he does have to make a profit because it is a business and it's what he does for a living. I don't know him and this is the first time I've heard of him but I'm thinking it's not all about the money for him. He's even sharing his secrets about how he does it. Most people in the business keeps it to themselves. Sorry everyone, I just had to vent regarding that last posting. Mr. Barnes would you please contact me. I posted about my parents who I would like to move closer to me because my Father has Parkinson's disease and my Mother is struggling to care for him. They are willing to move if I can find something for them. My number is 618-288-7790. Thank you in advance. Sheila
Posted by: helpmyparents | Nov 19, 2008 10:32:08 PM
Hello, I am look for a home in Pearland, Texas, which is near the Houston area. Can you please help me. I am married with two kids my husband and I both have jobs, but no one wants to take a chance on us because we are both fresh out of college and have student loans on our credit reports. Can you please help us? 713-568-6680
Posted by: Shantell | Nov 19, 2008 10:47:16 PM
Dear Mr Barnes, I am an investor who is looking to buy homes to resell to people less fortunate. After seeing you on Night line last night I was deeply moved and believe that I too can help people just like you. Please contact me dhammerl@stonecrafters.com.
I am very interested in investing with you.
Dave Hammerl
Posted by: david hammerl | Nov 19, 2008 10:54:38 PM
I am an investor who would like to help a few people fulfill their dream. I have some homes available right now. I really appreciate what Mr. Barnes is doing and want to do more. I have some cheap homes available with similar terms.
csrservices2000@gmail.com
Posted by: chas | Nov 19, 2008 10:55:14 PM
Hello, I am look for a home in Pearland, Texas, which is near the Houston area. Can you please help me. I am married with two kids my husband and I both have jobs, but no one wants to take a chance on us because we are both fresh out of college and have student loans on our credit reports. Can you please help us? 713-568-6680
Posted by: Shantel | Nov 19, 2008 10:55:57 PM
I would like contact info for Mr. Barnes. I am looking for a house in Michigan, outside the Detroit area. My husband is working over the road trucking and me and our 2 year old went to Florida with my parents and were all living in a fifth wheel RV. VERY SMALL for 4 people. We planned to stay with my parents for 6 months to save as much money as we can for a down payment. With Mr. Barnes help we wouldnt't have to be away from my husband for so long. Please help. Thank YOU. email mscollins4u@msn.com
Posted by: Michele | Nov 19, 2008 11:04:55 PM
Hi,
I see and hear about so many people loosing the home they live in. Every time I read about someone or a family that is in this situation, I wish with everything I am that I could do something to help... and yet help myself I cannot even do for I am one of the many disabled veterans who has just found himself with no place to live and no where to go. For a few days, my youngest daughter is helping me but what then? On VA disability I might be able to again find a small one room place to live but my hopes of every owning a home of my own are gone... and so far even finding a one room place to live has not happened...
Even so, I hope many of you here find that which you are looking for and I hope people like Mr. Barnes are out there to help you all in your time of greatest need... Just never forget to someday, if someone helps you, pay it forward.
Posted by: Malakie | Nov 19, 2008 11:10:37 PM
Lord, I hadnt thought of even trying to find this good mans phone number, just a business number..... No one should impose on others privacy, however, there are many homeless people, and many many people such as myself whom lives in apartments far beyond their sur real prices.
I too, would love to find a home that I can afford.HUD and Fannie are just so far above my head, even with the good pay I recieve... just such a wonderful man to do so much for people, I look forward to seeing his blog, and wish him luck, and a very long blessed life. Now for the people who are hopeing and praying this man can somehow help.....dont put all your hearts and souls in a man who can not possibaly save us all, he is a good man, with a great heart....but, he is just ONE man.
Posted by: Trudy R | Nov 19, 2008 11:10:42 PM
Hello, I am look for a home in Pearland, Texas, which is near the Houston area. Can you please help me. I am married with two kids my husband and I both have jobs, but no one wants to take a chance on us because we are both fresh out of college and have student loans on our credit reports. Can you please help us? Right number 713-568-5580 (Sorry)
Posted by: Shantel | Nov 19, 2008 11:12:34 PM
With the economy the way it's been, most people are having a difficult time. My husband and I are at the age to retire and wanted a home paid for by now. We are far from it. The cost of living has more than tripled and minimum wage is not much more than it was twenty years ago. If I had to start over, and it could happen. I could not make it without working 4 jobs. A person would need to clear $20 an hour to make ends meet where I live and that is with no extras, yet most people make $6-$7 an hour. I just can not understand how this can possibly be happening. How can a lender sell a foreclosed home cheap and put people out in the streets? Why in the world would they not offer the same price to the people that owned it? Insane! What is wrong with this picture? Greediness and people not truly wanting to help others. You have a good heart and it's good to know there are good people out there. I would be interested in a home in Greenwood, Indiana or surrounding areas south of Greenwood. If we had more people like you there would not be a problem right now. Bless you!
Posted by: Marci | Nov 19, 2008 11:33:51 PM
Mr. Barnes, what a wonderful thing you are doing helping people. You mentioned California. Homes are so expensive here. My daughter and her husband are young teachers who would love to have a home in So. California. Any suggestions?
Posted by: Nan | Nov 19, 2008 11:39:03 PM
I would like to buy a house from Mr. odell Barnes. can he pleace contact Danny Sanders Jr. My contact information is Macslimm@gmail.com Or 310-638-1508 or call 562-200-6557
Posted by: Danny Sanders Jr | Nov 19, 2008 11:40:36 PM
Hello Mr. Barnes,
I'm aware of the overwhelming responses that you must be receiving after your special that was aired last evening. Unfortunately, I didn't see it. I heard it being discussed on the radio.
I must say that even as I write this, I am truly blessed! I am 2 year breast cancer survivor. I'm blessed. I know that I have used the word I a lot, but it is not just me. I am blessed, to be still be in love with with my husband of 23 years. I was out of work for two years while going through my treatments, my husband stepped up to be mommy and daddy. Once I returned to work, we found ourselves homeless as our son went away to college on an atheletic scholarship. This is due to the excessive medical bills. Still we were blessed. We didn't have a home but we weren't living on the streets. We had a hotel room to call home. Again I say, we are blessed. with three wonderful sons, one in the military, one in college (with me, I finally went back to school to earn my college degree) and one who has maintained the honor roll status for the past three years, even through our hardships. We found a place to rent but we have always dreamed of owning. Please, we welcome and suggestions on how we can achieve the American Dream of Owning a HOME.
Thank you for any advice you can offer.
Posted by: Lynnette | Nov 20, 2008 12:06:01 AM
we are a middle aged couple who have been bitten by the economys crunch we had a home for 17 years and it was taken away from our family and boy does it hurt we felt so lost without all our memories and our home but the good lord made us alot stronger as a family ( us and our 3 children) wchich 2 are now on there own we only wish that our 3rd child could have a home till graduation as the other 2 did but all in all we are still a family and the good lord has provided for us these last 4 years we are so proud of you and your efforts to help people in our position give us a sense of hope and understanding we would love to be able to own a home again and if you could help us that would be great but we are very touched by what you are doing to help people have a dream we cant complain as we did own our dream house but as for our misfortune god has made us stronger people and for that i thank him.and for your help of hope for less fortunate people who probably would never be able to own there dream home we thank you as well if you think you could help us please write back if not please keep helping these other people as they are entitled to dreams as well. thank you herman and lauri daley from north east pennsylvania
Posted by: lauri | Nov 20, 2008 12:10:29 AM
hello,,im looking to buy a house that i can afford,,ive been trying for 5 years now..ive been in the army for 23 years..cant get any help for me and my family...email is purpledog51@yahoo.com..thank u
Posted by: richard pruitt | Nov 20, 2008 12:30:06 AM
hello,,im looking to buy a house that i can afford,,ive been trying for 5 years now..ive been in the army for 23 years..cant get any help for me and my family...email is purpledog51@yahoo.com..thank u
Posted by: richard pruitt | Nov 20, 2008 12:33:06 AM
Sir,
My son in law is a contractor. I have been in the military, raised two adult disabled sons. If you have property in Atlanta (GA), we will remodel and buy the house from you. We have a group of people who will help you renovate your homes.
Have a blessed day.
Posted by: Ann | Nov 20, 2008 12:36:03 AM
hello,MR BARNES
my name is richard pruitt and im looking to buy a house for me and my family,,in the army for 23 years and finding it extremely difficult to get help in buying a house...my email is PURPLEDOG51@YAHOO.COM
Posted by: richard pruitt | Nov 20, 2008 12:43:31 AM
Sad day for America to read these responses. We are a better nation than this, have Washington and Wall Street forgot about us all. Looks like will ge worse. Detroit CEO's seem like they only care about themselfs. Thank God for the Salvation Army, we may all be in the food line soon.
Posted by: Mike in Ky | Nov 20, 2008 12:48:08 AM
Dear Mr. Barnes,
It would be an answer to a prayer to
find an affordable home for my aging
parents. They have a fixed income
and have been struggling to meet all
their living expenses. They have a good
credit record. Their present mortgage
payment,along with other bills and
living expenses is just more than
they can continue to pay with a limted
income. We live in the Cincinnati.
Any help or guidance that you could
give me would be greatly aprreciated.
Sincerely,
Patti
Posted by: Patti | Nov 20, 2008 12:52:10 AM
I'LL BUY HOMES IN BULK IN TX,OK,AR,LA --- contact investor at mattkrol@aol.com
Posted by: Matt Krol | Nov 20, 2008 1:05:45 AM
I loved the story on Mr. Barnes. Can he help us that want to be homeowners. But no one wants to give a helping hand up to. I know that I'm a non-traditonal college student and my husband is unemployed. But I want the American Dream. So if I pay $725.oo in rent. I should be able to make a housenote. So can you show us how to do it; Achieve the American Dream. Thank You
Posted by: ramona | Nov 20, 2008 1:12:32 AM
Hi Mr. Barnes:
I would like to address your issue of having too many houses to purchase from the banks.
I am able to provide you with qualified
buyers and renters for your properties located in Florida.
If you prefer, I am prepared to purchase from you the Florida properties.
I possess over 20 yrs. of real estate acquisition and property management experience. My company specializes in assisting working class families to purchase and rent-to-own houses.
You can e-mail me at: Jaymintage@aol.com.
Your reply is greatly appreciated.
Thank you,
Jay
Posted by: Jay | Nov 20, 2008 1:25:36 AM
I Like so many others would love to buy a home through you, Barnes/McWhorter partnership. If there is a list or any information, please, someone, pass it on to me. I'd be very grateful.
Thank You,
BB
Posted by: Brian | Nov 20, 2008 1:46:08 AM
Post a comment
