Certainly there is one thing anyone can anticipate at the summation table when you are buying a house and this is the demand regarding a liability insurance policy. Similar to the prerequisite intended for auto insurance coverage any time you're changing automobile titles and acquiring automobile tags in most states, you'll discover which mortgage loan providers are determined to make sure you have proof of insurance protection at closing. more...
The way banks and mortgage lenders decide whether to make loans on certain houses with a certain value is not really a mysterious process, although you don't hear much from them while you're waiting for an appraisal and for a loan commitment. It can be a long, tiresome wait!
Mortgage lenders use a specific criteria to determine whether you are personally qualified for a mortgage, which all has to do with the ratio of your debts to your income. But the other part of their determination uses different criteria, it is all about the appraised value of the house, it's not about you at all. more...
Whenever I get ready to sell a house I have to provide my buyer with a form of guarantee that I really own the house and that there are no liens against it. Even if the buyer doesn't really know or care about these things, they are actually very important to him. That's why lawyers and title companies research the legal history of a property thoroughly on behalf of the current owner before a property is sold to a new owner. Everyone wants to know, especially his lender if the new owner is borrowing money, that the "chain of title" is clear. more...
Remember when buying a house was the American dream? It has recently become an American Nightmare! Mortgage loans are being denied due to credit score and there are many are being denied without a good solid reason.
more...
What Does NOT Play Well On A Real Estate Or Local Community Video Presentation.
1) Thinking you are going to shoot the entire video one take, no edits, on the run.
2) Believing someone will waste four minutes as your car cam video jiggles. You ramble, cause sea sickness dodging pot holes. Twisting in and out of neighborhoods.
3) If the video is a house, think just start inside and let them figure what's up. Confuse.
4) Or forget the audio track, that's only 40% of the real estate experience. Use the Rocky theme. more...
3 Content 1 Pitch. Feel free to give this out to your list as a gift from yourself and maybe a mention that Dan gave you the right to give it to them as a New Years Gift.
Enjoy all your hero’s everyone, 92 real estate Guru’s whom you know and LOVE are in here and there is no selling, it’s pure content at 12.2 MB 1500 pages that when printed weighs 10lbs. This is a 10lb content monster and it’s yours to give to your lists:
My book can be downloaded here at no charge to you:
http://d2tkabpwf7wkmx.cloudfront.net/RealEstateEncyclopedia2011.pdf more...
You can get your free report here:
http://www.greeninvestorcollege.com
Last year November, the Realtor® Property Resource (RPR) announcement by the National Association of Realtors® (NAR) shook the industry. NAR had just reached an agreement with Lender Processing Services (LPS) and announced their plans on launching the Realtor® Valuation Model (RVM) in hopes that it will become the “gold standard” used by financial in the majority of online valuations. more...
World’s Largest Real Estate Group
Realogy Corporation, the world’s largest real estate franchise group, last week reported their results through March 31st. The one-liner is that the Q1/10 revenue of $819 million is up 18% over the same period last year.
The growth is principally attributed to the move-up, higher priced markets and a comparatively weak first quarter in 2009. According to Realogy president and CEO Richard A. Smith, the company also saw gains in the average home sale price during the last year. more...
What if a buyer learns of an open house advertised on your agent website - which lists all open houses for the weekend. This particular property is not your or your brokerage's listing. Mr. Buyer goes to open house, meets hosting agent from listing brokerage office (but not the actual listing agent), looks around, asks questions, likes the property and leaves. more...
I recently spoke with HAR (Hawaii Association of Realtors) President Tracy Stice about whether or not Realtors Property Resource (RPR) will be a game changer in the real estate industry:
http://tinyurl.com/rpr-zillow
If you read the article you know that our conversation was cut short--right after Tracy announced that one large MLS had already signed a letter of intent to participate.
Well, I got back in the office on Monday and the first thing I did was corner Tracy to ask him the questions that had been running through my mind all weekend. more...
Ever wonder what all those abbreviations mean behind a real estate professional’s signature? We did too, which is why for the past year we have collected all designations and their definitions/criteria that have come across our radar. We call this list “Alphabet Soup”.
The list below may be useful to you; if you find any designations we’re missing, please add a comment to this post with as much info as you can and we’ll keep on top of updating the content. If you are re-posting this list, please give credit where credit is due and link back to Goomzee's Mobile Marketing Blog. more...
Every year as part of the new edition of the Swanepoel TRENDS Report(www.RETrends.com) the 160 page Report also looks back at the passing year and lists those events that transpired during the year that made headlines and captured the industry’s attention and imagination. The 2010 edition is due for release on February 8, 2010.
Here are the top events that during 2009 made headlines in the residential real estate brokerage industry. more...
Six months ago I wrote a blog post about "The Changing Face of Real Estate Franchise Brands" that garnished a lot of attention because I dared to compare and even more list in order the top 10 franchise brands in my opinion.
Then last month my blog post "Merge Creates One of the Largest Real Estate Franchises in Northern America" exploded with over 155 comments as the debate continued about brands when a significant number of agents had never even heard of the brands mentioned. Well now I have created an opportunity to see what the industry really thinks. more...
A little bird fluttering about the office last week told me of a tantalizing opportunity for my 401(k). For those of you in the dark, a 401(k) is a retirement savings portfolio and can be used to facilitate investments. You may hear experts refer to it as a “four-oh wunk”; don’t be alarmed, this pronunciation also points to the same section of IRS Tax Code that serves as both an IRS Tax Code and the name of a retirement portfolio that can be used to facilitate investments. more...
Barely a year ago the real estate industry was stunned when Canadian-based Brookfield Residential Property Services (Brookfield RPS), a division of Brookfield Asset Management Inc. (Brookfield), and owner of Royal LePage, the largest Canadian residential real estate company, acquired GMAC Real Estate. With the departure of CEO John Bearden and a pending name change imminent, many labeled the GMAC franchise as yesterday’s news.
What a difference a year has made. more...
As millions of American families struggle to keep their homes not knowing where to go for help, the Northeast Atlanta Metro Association of REALTORS® (NAMAR) wants to help those homeowners learn how to avoid foreclosure and keep their home, and have launched www.UnnecessaryForeclosure.com to do so. more...
Missoula MT Sept 8, 2009 - Agreements with Intermountain MLS of Boise and Northwest Montana Association of REALTORs in Kalispell, plus two others, continue to grow Goomzee’s nationwide footprint. Goomzee®, a leading text message marketing and lead generation provider that connects buyers and sellers in real time, announces agreements with four more multiple listings services. more...
"On 9-11-09 join a free motorcycle ride dedicated to the memory of the 343 FDNY Firemen, 61 Police Officers and all those who tragically lost their lives on that historic day. The goal is to draw Patriotic Americans together on a Remembrance Ride to honor these brave Americans. "The Ride" and public Ceremony is open to all."
Here is a link to a long standing 9-11 memorial ride here in SoCal: http://www.remember911ride.com
Please post other events you may be attending in your area - And remember:
All Gave Some - Some Gave All - NEVER Forget !!
Thank you, Danny
Thank you, more...
For rental real estate trends we have a free average rental rates tool that shows historic and current rental rates for over 4,000 cities in the US across 4 million rental properties and apartments.
Of course it's end-of-the-month crunch time.
Extra pressure to make sure those escrows and fundings close smoothly.
But take a 4min break and watch this clip -
Then get back to work....
http://www.thedailyshow.com/watch/wed-july-29-2009/home-crisis-investiga...
Thanx, Danny
Thank you,
Respectfully,
Danny C. Flucke Jr. - Senior Partner
Nationwide Mortgage Experts
Direct: (714) 624-9479
Email: DCFJ@NationwideMortgageExperts.com
Websites: www.NationwideMortgageExperts.com / www.NaMoEx.com more...
URGENT HVCC UPDATE:
Thank you to everyone who responded to our article last month concerning the business-destroying HVCC legislation - And for signing our petition to overturn it.
HVCC continues to devastate home values across the US. The mortgage industry is now faced with EXPANSION of the HVCC fiasco with higher Fannie and Freddie loan limits.
HVCC will carry through to former “jumbo” markets forcing more and more downward preasure on homeowners real estate values. more...
If you'll take the time to review everything that is laid out in these video's and free report, then you will absolutely dominate your market area when it comes to selling property at the highest possible price in the shortest period of time: http://www.simsprofits.com/?1008344 there is no question about it.
Press Release issued 10min ago:
OCALA, FLORIDA – TAYLOR, BEAN & WHITAKER MORTGAGE CORP. (“TBW”) RECEIVED NOTIFICATION ON AUGUST 4, 2009 FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, FREDDIE MAC AND GINNIE MAE (THE “AGENCIES”) THAT IT WAS BEING TERMINATED AND/OR SUSPENDED AS AN APPROVED SELLER AND/OR SERVICER FOR EACH OF THOSE RESPECTIVE FEDERAL AGENCIES.
TBW HAS UNSUCCESSFULLY SOUGHT TO HAVE THE TERMINATION/SUSPENSION DECISIONS OF EACH OF THOSE AGENCIES REVERSED. AS A RESULT OF THESE ACTIONS, TBW MUST CEASE ALL ORIGINATION OPERATIONS EFFECTIVE IMMEDIATELY. more...
The Patriot Guard Riders (PGR) has been tasked with Hand-To-Hand delivery of a father’s memorial flag from SoCal - To his daughter (Jennifer) in Florida.
This ride will cover 6 states with stops to hand off the flag to the next group of riders for the next leg of the trip.
Day one / Riverside, CA to Ehrenberg, AZ / 177 miles
Day two / Ehrenberg, AZ to San Simon, AZ / 382 miles
Day three / San Simon, Az to El Paso, TX / 200 miles
Day four / El Paso, TX to San Antonio, TX / 553 miles
Day five / San Antonio, TX to Lake Charles, LA / 340 miles more...
This Wall Street Journal article illustrates how focused everyone is on the lender -- With little more than a glance given to distressed homeowners. It is interesting to note that while the various government bodies are cleaning up the "loan mod" industry - They still have not issued any sort of consumer guide to help homeowners needing assistance. Here are a few tips: more...
On July 30, 2009, some of the provisions of the Mortgage Disclosure Improvement Act of 2008 (MDIA) go into effect and lenders, mortgage brokers, title agents, real estate agents, and real estate brokerages need be alert as to these new federal governmental regulations. Here are the details for the MDIA: more...
Commercial property markets are beginning to show real weakness. Delinquency rates have doubled to almost 7% and the bottom isnt expected for another three years.
It no surprise that with the loss of jobs there is a great deal of downsizing and rent reduction for everyone from retail shopping malls and small business to hotels and offices. Unemployment is now 9.5%, pushing commercial vacancy rates to 17%. more...
The FHA now permits seniors 62 years and older to PURCHASE residential real estate using a reverse mortgage. Until recently, reverse mortgages insured by FHA were only available on homes already owned and occupied by eligible borrowers. Beginning this spring, the agency allows you to BUY a duplex, tri-plex, or quadruplex - using a reverse mortgage.
That means you can buy a multi-unit property with an FHA reverse mortgage, live in one unit while renting out the others, and avoid paying a dime towards your monthly principal or interest. more...
Everyone knows the importance of having ‘hyperlocal’ content on your blog, but how many people, I wonder, recognize the importance of being ‘hyperpersonal’? Last week I was tasked to uncover some hyperlocal blogs in our current clients’ markets. Most ‘experts’ will say the best way to get on another blogger’s radar would be to lurk around the site until you find a post you feel comfortable commenting on. But I must say that I am not a fan of waiting, plain and simple. more...
Does anyone else find this ridiculous?
Former CW senior executives are now heading up a company with Fannie and Freddie REO contracts - Even though they have ZERO real estate selling experience.
(Is that why they are just now getting their real estate licensing in order...?)
They make Multi-Millions in salaries and bonuses at CW - Which certainly had a major hand in creating this real estate bubble - Only to turn around and profit again from the REO market.
Here is the link: http://blogcatalog.com/search.frame.php?term=countrywide+reo&id=c38dad1c... more...
There is always a debate going on in the real estate industry about which company is the largest. As some don’t disclose financials and others use different measuring criteria (offices, agents, sales volume, profitability, brand recognition, etc.) we have many potential “winners”. more...
My broker, Matt Beall (PB), posted an article that asked the question, are real estate agents overpaid and overrated? To summarize his article, "yes" and "no".
Matt argues that: more...
- Realtors who justify their high commissions by the value of their "network" and "closing skills" have no right to charge what they do.
- Agents investing huge sums of money on Internet marketing, putting their client's properties in front of buyers, deserve a return on their investment.
In just weeks - Over 16,000 agents have spoken out and signed an online petition asking for the recall of the HVCC legislation.
HVCC legislation requires a third party to control the appriasal process. It was designed to eliminate "influence" from lenders and real estate agents who might pressure for a higher value.
Since this legislation was designed by politicians and not actual business people - It causes undue stress and frustration for home buyers and refinance candidates - While not solving any of the issues mentioned. more...
According to Google Adwords there were 1.2 Billion real estate related searches in 2008. No-one doubts the growing power of the Internet and the increasing number of consumers searching for properties online.
So now, more than 2,600 geo-targeted domains names, the self-proclaimed largest real estate listing domain portfolio in the world, is for sale. more...
Many of you have heard about how the IRS has been targeting Real Estate Agents, and challenging the status of a "real estate professional" for an Agent.
To give you a brief background without getting into the details - a "Real Estate Professional" is someone who "materially participates" in their real estate activity. As a result, they are able to deduct real estate losses from other income that is not related to real estate.
The IRS had been challenging the "real estate professional" status for agents - stating that Brokers qualify, but Agents do not. And they were winning... more...
A recent sign order resulted in our supplier mistakenly printing over 30 extra sign riders.
Acknowledging the mistake, our supplier offered to dispose of them at no charge, a courteous gesture...
...but in today's economic and environmental climate...
...how could we just throw away 30ish perfectly good signs? Instead, we returned the signs, and asked our provider to simply re-label them when the time comes for the next order. more...
Real estate investors are the most active buyer in the current markets. They account for more than 1 out of every 5 real estate transactions,and 75% of their purchases are single family homes, condos, and townhouses.
What are you doing NOW to grow your business with investor clients, and what actions can real estate professionals take to make investor clients want to do business with them? more...
It seems today that many vendors are enticed by the perceived ’sexiness’ of mobile applications.
“A mini-program I can access on-the-go, and it only costs $4.00? Sign me up!”
Or perhaps vendors are lured not by the app’s sexiness, instead drawn to the mobile platform after hearing consumer raves like the one above. Sadly, while the ‘quote’ may indeed reflect the way most Americans approach their cell phone, the facts don’t lie; and the facts are telling us that mobile apps have a market reach of 13%. more...
The recent Earth Day gave the green revolution another shot up the arm. When Earth Day started in 1970 a large number of people (20 million people one country) had already committed to celebrate it. Since then that number has exploded to 500 million (175 countries); about 7% of the world’s population. more...
How do you make $1,050 a month cash flow on a $30k rehab deal?
By "BEING THE BANK" of course!!
How do you make $2,275 a month cash flow on a $65K rehab home?
By "BEING THE BANK" of course!!
How do Private Hard Money Investors make 11% - 42% ROI Annually?
Private Financial Club, Inc. will share their secrets with YOU!
Hedge Funds and Money Managers won't tell you because obviously, they don't make money by sharing the secrets that Wall Street doesn't want YOU to know! more...
In speaking with many of my fellow Realtors, I am amazed how many of them have a website yet never receive a lead or phone call from that website. It's the whole "if a tree falls in the forest" thing. If you have a website and nobody ever visits it, does it really exist? The answer is probably NO because they are visiting your competitors website instead. These figures have recently come out and it speaks volumes as to the future of Real Estate and the internet. more...
