The return of the ZERO Down (low income) mortgage loan…. ….Rural Development Direct 502 Loans require no down payment and no private mortgage insurance. Loan amounts can be up to 100 percent of the appraised value. Terms are typically 33 years with interest rates as low as 1 percent (interest rate varies according to income). Rural Development’s 502 Direct Loan program provides a “one of a kind” opportunity for income eligible, creditworthy, rural individuals and families by making home ownership an affordable dream. There are Income limits vary depending on the property location and the family size. The total household [...] Click Here To View More
10 Laws Of Success In THIS Market | Harris Real Estate University Superstar Interview
Attention: Real Estate Industry Training Event Event: Harris Real Estate University 10 Laws of Success In THIS Market Details: You are invited to attend this FREE Real Estate Training Event. Go HERE NOW for all the event details. LAW #1: Always Start with the end in mind. Do what matters most first. Follow a schedule which reflects dollar productive activity. In real estate, this includes: Lead Generation, Lead Follow Up, Prequalifying, Presenting, Negotiating, Closing. Lather, Rinse, Repeat. LAW #2: Maintain a mindset of service. This is not a numbers business, this is a people-helping business. Make it all about your prospect, your client, [...] Click Here To View More
National Association of Realtors February Pending Home Sales Down Slightly
Pending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 0.5 percent to 96.5 in February from 97.0 in January but is 9.2 percent above February 2011 when it was 88.4. The data reflects contracts but not closings. Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February. In January, sales at a 4.63 million rate were the strongest since May 2010. WARNING: Short Sales…love em or hate em…they [...] Click Here To View More
The housing crash was no accident; maybe it’s time to start assigning blame!
If you have ever been in an auto accident, you know that insurance adjusters from both sides examine the accident to determine the comparative negligence. If the fault was fifty percent yours, you are responsible for 50 percent of the damage. Having tr... Click Here To View More
Breaking News: New Radical Principal Reduction Program Coming Soon?
Will There Be A Bail Out For Underwater Owners..Mortgage Principal Reductions Program Coming Soon? Many believe that 5 years into the housing meltdown the only logical thing to do is reduce mortgage principal balances. Consider the facts: * There are currently close to 6,ooo,ooo owners in default. * 11,000,000 owners underwater on their mortgages. * Its estimated that the average owner is underwater by $50,000. It would take a decade or more inorder for normal ‘appreciation’ for homes to recoup their lost value. How many underwater owners will wait 10+ years for their homes to worth their mortgage balances? The [...] Click Here To View More
NEW Harris Real Estate University Online Campus Annoucement
Finally, the new Harris Real Estate University Online Campus site has launched…. …Harris Real Estate University.com Students, all of your current login credentials work. Hop on over and let us know what you think! Click Here To View More
Harris Real Estate University Superstar Interview | How To Make Money NOW From BPOs
Harris Real Estate University invites you to attend this week’s FREE Superstar Interview. - This weeks Superstar is HREU student, Kim Minehart. - Kim has built a predictable, duplicatable $100k+ per year real estate business based on BPOs. You read that correctly…Kim has followed the HREU BPO system and has been generating $10k+ per month consistently. I am sure you will agree, consistent cashflow is something every agent must achieve. - Listen NOW to this encore HREU Superstar Interview presentation: http://InstantTeleseminar.com/?eventid=19484292 KIM MINEHART, HREU Superstar Questions. * What are your spokes? Describe your business…. * What’s a BPO? * How much of your [...] Click Here To View More
Has Housing Hit Bottom…Crash Officially Over? | US Secretary of Housing, Shaun Donovan
What is the current state of the US Housing Markets according to the US Secretary of Housing Shaun Donovan? Lets start with the good news… Donovan “We’ve just been through the best winter of home sales in five years, really since the crisis began,” “The number of folks in distress, the number of people who are delinquent in their mortgages, falling into foreclosure, [is]down dramatically. The number of new foreclosures is down by more than 50 percent since the president came into office.” WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale [...] Click Here To View More
Bank of America Short Sale Process Change, April 13th. | BofA Short Sale Forms
On April 13th 2012 Bank of America is rolling out a new short sale process (and new documents/ forms) with the goal to reduce the approval process to 20 days. The bank’s new short sale process will enable all parties involved in the short sale process to complete their tasks simultaneously.The goal is for the timeline from offer and (uploading to Equator) to closing to be reduced. Bank of America says it will now be able to provide a decision on a short sale offer in 20 days reduced from 45 days+. As reported on RealEstateInsiderNews.com many Senators and regulators have [...] Click Here To View More
Real Estate Industry Warning: The REO WAVE Is Coming..Hitting In The Next 90 Days
When will the banks FINALLY start releasing their REOs? Is NOW too soon? The foreclosure delays from 2010-2011 have come to an end. HARRIS REAL ESTATE UNIVERSITY expects May-June 2012 will see the REO inventories swell to levels not seen since 2008. This quote says it all… “We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,” said Mark Seifert. In 2011, the “robo-signing” scandal, in which foreclosure documents were signed without properly reviewing individual cases, prompted banks to hold back on new foreclosures pending a settlement. [...] Click Here To View More
Will The 2007 Mortgage Debt Relief Act be Extended?
Will the landmark 2007 Mortgage Debt Relief Act be extended beyond its current Dec. 31, 2012 date? Under curent U.S. tax law law, a homeowner with an underwater mortgage who goes through a short sale (or foreclosure) has part of his debt forgiven by a bank will in most cases not owe any added income tax. ( See your accountant or CPA) This forgiven debt had been treated as a ‘gift’ from the bank. As a gift, that money is income and taxable by the IRS when the homeowner fills out his yearly income taxes. However, the 2007 Act (effective [...] Click Here To View More
HARRIS REAL ESTATE UNIVERSITY Superstar Interview: Nations #1 Listing Lead Generation System
Notice: HREU Superstar Interview, Special Event. Want to know exactly how the nations leading listing agents generate SO many listing leads? Of course you do…read on…. I have to confess…Julie and I have been sorely remiss in sharing this with you… ….something that we know from our personal real estate sales experience will make a simply massive impact on your business. Well, during tomorrow’s FREE HREU Friday Superstar Interview we will right our wrong….we will show you exactly how to make money now using a 1-800# IVR System. (Watch the 1-800 Home Hot line video now to get a sneak [...] Click Here To View More
NOTICE: New Bank of America Third Party Authorization (TPA) In Effect April 14th
Bank of America is requiring a new third party authorization form (TPA) starting April 14th…. Today’s guest post features excerpts from attorney Ron Ballard’s recent article featured on his blog. Read the original post here in its entirety. “BANA has created an exclusive, full-employment club for local real estate agents, brokers and attorneys to the exclusion of everyone else.” Real estate agents (and attorneys) soon will be held legally responsible for reading the corporate mind of Bank of America. Fortunately for everyone else, they will not be allowed to even communicate with Bank of America, much less be required to read [...] Click Here To View More
HARRIS REAL ESTATE UNIVERSITY 90 Day Massive Action Plan: Day 2
HARRIS REAL ESTATE UNIVERSITY Massive Action Plan, Day 2. Here is an interesting question for you…how much do you cost to exist per day? Every day for you to exist you are spending money. Even if stayed in bed all day you still spent money. Your house payment (or rent), your utilities etc cost you something every month…how much do they cost you per day? Seriously, how much do you spend everyday to support your family, business and other expenses? The simple fact is that most agents have no clue how muchthey cost per day. You must know this number..to the [...] Click Here To View More
Universal Mortgage Principal Reduction: Who’s Going to Pay for This?
There is a desire to find that one size fits all, “get us out of the housing recession” program that is a win-win for everyone. Several [...] Click Here To View More
Urgent BofA Short Sale Notice | How To Avoid Short Sale File Declines
HARRIS REAL ESTATE UNIVERSITY Urgent BofA SHORT SALE Notice. - HREU Short Sale Coaching team asked me to share this with you… It is absolutely critical for agents to complete their pending tasks before the deadline of April 13th 2012. Every agent that has files in Equator MUST DO THIS NOW………consider this your two minute warning! - Now that you have been warned NO HREU Student should complain on April 14th “My short sale file was declined!” - Here is the notice from Bank of America: ACTION REQUIRED: Your Bank of America Short Sales With Outstanding Tasks May Be Declined [...] Click Here To View More
HARRIS REAL ESTATE UNIVERSITY 90 Day Massive Action Plan: Day 1
Real Estate Industry Announcement: HARRIS REAL ESTATE UNIVERSITY 90 Day Massive Action Plan April 1st 2012 begins the HREU 90 Day Massive Action Plan. When you participate in the 90 Day Massive Action Plan (c) you will learn exactly what you need to be doing for the next 90 days to ensure that 2012 is your best year ever. Here is why we are doing this: We have been coaching agents for years and we know that many of you are at a cross roads…the same cross roads that every agent comes to this time of year. At this point [...] Click Here To View More
How To Make Money NOW From BPOs | Free Real Estate BPO Training
How to make money NOW from BPOs…in case you missed it, the real estate industry is experiencing an absolute BPO Palooza! HARRIS REAL ESTATE UNIVERSITY Students from coast to coast are reporting record levels of BPO orders. Listen to the free replay of How To Make Money NOW from BPOs Training Call: (Go here now to listen to replay NOW) What will you learn when you listen to FREE Replay: You will hear direction from 3 of our top BPO Students…they have agreed to share with you exactly how they are earning $10,000-$15,000 per MONTH from BPOs! You read that [...] Click Here To View More
Industry Warning: 2007 Mortgage Debt Forgiveness Act Expires In 9 Months!
HARRIS REAL ESTATE UNIVERSITY Students (and future students) please be aware that the 2007 Mortgage Debt Forgiveness Act is set to expire at the end of this year! Share this urgent information with everyone you know. Especially your fence sitting owners who should do a short sale immediately so their closing happens this year…while the act is still in effect. Remember, 4 million Americans have already lost their homes to foreclosure, 6 million owners are currently delinquent and about 11 million homeowners owe more than their homes are worth. WARNING: Short Sales…love em or hate em…they are here to stay! [...] Click Here To View More
Breaking News: Short Sales and REOs Now 47.7% Of ALL Sales!
I need to apologize to all Real Estate University Students…(and Real Estate Insider News readers)….when I said: ” 2012 Is the Year of the Short Sale “ What we should have said was…”2012-2015 Are The YEARS Of The Short Sale”. In other words, the time to be a short sale agent is NOW and will continue for at least 5 years! Read on: CNBC’s Diana Olick wrote a very interesting article on her blog today…here are the highlights with a few comments: Foreclosures and short sales (when the home is sold for less than the value of the mortgage) accounted [...] Click Here To View More
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