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...
South Florida tourism is taking a pro-active approach to attracting visitors to our tropical paradise. Fort Lauderdale-Hollywood International airports, entertainment arenas and cruise lines have all taken steps to make the idea of vacationing here even sweeter. 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...
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...
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...
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...
We asked some AccuRecruiter clients to describe what this new recruiting tool has done to help them improve their recruiting. more...
There is such a temptation towards self focus in these challenging times where survival of the fittest seems to prevail. However, I would like to share a fine example where the focus on team work and strong organization really impressed me. more...
I have just learned of a farm available in Missouri near Ballwin. It is 226 acreas with a 4 Bedroom, 1.5 Bath 2,720 sq ft home built in 1910. It has a large barn w/stable. It would make a great family farm to pass down to future generations or a great summer campground. It is listed for $4.9 Million Contact me at lisa.mcknight@century21.com to refer a client for this property.
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...
I had a meeting with a potential seller who instructed me, “Julie, give me the advice that you would give you brother-in-law about marketing his residence.” His suggestion was a very interesting approach and it effectively enabled us to communicate very honestly and directly with one another (even though I do not have a brother-in-law)!
This gentleman made me aware that I do become involved in my buyers’ and sellers’ requirements as if they were family, despite the fact that, really, I am just one of the highest paid guests in their residence—or soon to be residence. more...
At the recent Luxury Real Estate conference I attended in Las Vegas many of the top brokers mentioned their concern that some buyers are so motivated by the deal that they are missing purchasing their first choice residence in the pursuit of the best price! 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...
Passing for someone in my network.
Award Winning Virginia Winery for Sale ($1,790,000) - Tremendous opportunity for those who have dreamed of owning their own winery/vineyard/farm. www.savoy-leewinery.info more...
Engel & Völkers has just assigned its 555th license with the signing of the license region for Beverly Hills, Bel Air and Westwood by Michael Giorgio. He plans to open his first Engel and Volkers residential real estate shop in July 2009. more...
“It is impossible to predict the future.” That’s a statement I have made hundreds of times, both from the stage as well as in print.
Yet considering the most likely scenarios and then preparing for them lessens the shock when some variation of any prediction does materialize. Being caught off guard is just foolish. Why would you fight the future? The future is coming, no matter what. " more...
Starting March 1, investors can once again own and finance up to 10 individual properties and get Fannie Mae backed loans. Previously, an investor with 5 properties, great credit, and documented income could not finance an investment property without bringing in a partner or resorting to creative financing methods.
Undoubtedly, investors who had been halted by the limit are in a position to buy now.
In lieu of this, we started March Marketing Madness (a stimulus aimed at helping agents with these emerging investors). In alphabetical order, here are some tips we have: more...
In just a few days (3/1), Fannie will start allowing investors to hold up to 10 mortgages and get Fannie Mae backed loans. The limit had been previously reduced to 4.
It's a good move - investors account for at least 22% of the market, and 75% of their purchases are single family homes, condos, and townhouses - so they can clear up some of the inventory.
There will be an increase in activity from investors who had been halted by the 4 property limit, and it's certainly a good time to market to them. more...
Last week's webinar rocked! By popular demand, we're doing it again tomorrow, Friday 2/13 @ 2PM EST/ 11AM PST for those who missed it. The discussion will be broken down into the following:
* Why are RE Investors important to me?
* How can I be successful with RE Investors
* What does TReXGlobal do to help me?
You might spend hours blogging, on social networking sites, SEO, etc...
Spending 30 minutes to learn if you are marketing to investors correctly is well worth the investment. more...
Well, these are the best of times.....and then there's NOW! I recently joined a group of our agents in a “Building Social Capital” workshop that we hosted at our training center. Our agents were literally drawing pictures that depicted the inter-connections between their spheres of influence and learning how to grow the inter-connections between people they know who don’t know each other. If it’s a “small world after all”, agents of the future need to learn how to make these connections and more. more...
As we reflect and get ready for the Year-End and look forward to the Year-Ahead,
we at The Real Estate Investor Network(REINclub)
wish you a NEW YEAR 2009 filled with the best of
health,peace,prosperity,full of hope,abundance,and
resolution to make this the best year ever (in profitable
investing especially in real estate).
Happy New Year!
Susan Ordona
http://susan.reinclub.com
http://www.reinclub.com/susan/warondebt.html
There are many different ways to cultivate relationships with investor clients, and a lot of it starts on the phone. Accomplishing a productive phone call can be difficult for those who are a little less experienced with marketing to investors.
How do you talk to investors? As we all know, if we can't get beyond a phone call, we won't get very far at all... What things have you seen that have worked?
I'm working with a company called AccessU2 who just launched a product, PropertyByPhone.com. http://www.au2gpi.com/ What has been your experience with mobile services for marketing a property? Have you found them useful for attracting buyers, cutting marketing and printing costs, saving time? more...
