WASHINGTON, DC, Apr 23, 2012 – The National Association of Realtors(R) is joining forces once again with the U.S. Department of the Treasury to offer aid to homeowners who are struggling to keep their homes and avoid foreclosure and to help Realtors(R) better assist clients through the short sale process. At a Making Home Affordable “Help for Homeowners” outreach event today in Chicago, Realtors(R) and homeowners will gain valuable insights and information about short sales and have the opportunity to meet directly with loan servicers for assistance with difficult transactions. The event, sponsored by the Treasury Department, is the latest [...] Click Here To View More
The Return Of The ZERO Down, 1%, 33 Year Mortgage (Video)
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
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
Florida Housing Recovery Underway!
Florida’s housing market had increased pending sales, higher median prices and a reduced inventory of homes for sale in March, according to Florida Realtors® latest housing data. “With the continued steep decline of inventory, historically low interest rates and buyers no longer willing to wait on the sidelines, Florida’s real estate market continues on its road to recovery,” says 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “The latest numbers show that pending sales are up almost 30 percent for single-family homes and almost 20 percent for townhomes [...] 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
Is Home Building Making A Come Back?
Just released report on the single and multi-family building. As with all aspects of the real estate industry..this is a mixed report…. From CNBC: Total starts fell 5.8 percent, driven by a nearly 20 percent drop in multi-family. Single family was essentially flat month-to-month. But remember, multi-family is a very volatile number and can swing 20-30 percent monthly due to large local projects. Yes, they are both ahead from last year, but 2011 was the worst year in the history of U.S. home building. “Good News on Housing Permits More Than Offsets the Bad News on Starts”— HIS Global Insight [...] 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
Commercial REO Agents Wanted | How To List Commercial REOs.
We’re expanding our broker networks. Apply today for our Commercial REO and/or Commercial Property Management Solutions.We think you have the kind of experience we’re looking for – PMH Financial is looking to add commercial brokers who are experienced in Commercial REO real estate transactions, as well as commercial property management.We need well-qualified candidates to manage and represent properties as part of our commercial property management solutions program as well as our REO commercial assets. By joining, you’ll become part of a network over 18,000 agents strong, linked to one of the leading asset management companies in the industry. STOP and READ NOW: What do to the top 7439 REO [...] Click Here To View More
Distressed Property Training | Sample Press Release About Mortgage Debt Forgiveness Act
Thank-You Harris Real Estate University Coach Mark Shandrow for sharing this sample press release. Use this PR to get the word out about your ability to help underwater-defaulted owners avoid a foreclosure. Tax Break For Underwater Homes Ends Soon Time is ticking to get a fresh start. According to recent data by CoreLogic, a leading provider of information, analytics and business services, almost 1 in 4 homes with a mortgage are underwater. This number has continued to grow quarter over quarter as real estate values continue to decline. Many underwater homeowners allow their home to go into foreclosure or choose [...] 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
How To Buy Fannie Mae REO/ Rental Pool Properties (FAQ)
HREU Students, are YOU or your investor buyers are interested in purchasing units from the Fannie Mae REO Rental pool?…here is all the information you will need. You are receiving this email because you have shown interest in the Fannie Mae Rental Pool. While you may or may not still have interest in the Rental Pool, we wanted to ensure that you were aware of our other Pool offerings which we have been consistently offering on a monthly basis for quite some time, known as our Traditional Pool. As I said, the Traditional Pool is offered on a monthly [...] Click Here To View More
“Dramatic” Surge In Florida Foreclosure Filings
HARRIS REAL ESTATE UNIVERSITY Students (and future students) the REO surge is happening now…get ready. HREU is expecting the increase in BPO orders and REO assignments over the next 90-120 days to be significantly larger than anything our industry has yet experienced….yes, MUCH bigger than even 2008! Here are a few factoids from Palm Beach… Lenders filed to foreclose on 1,502 Palm Beach County homeowners in March, a 65 percent increase from the same time last year and up 25 percent from February. The surge in new filings was called “dramatic” by Palm Beach County Clerk and Comptroller Sharon Bock, [...] 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
Bank of America Agent REO Update | How To List REOs, BPOs
REO Agent UpdateApril 4, 2012 News Summary Use of Alternative Disposition Channels to Increase: Expect to see properties selected for these campaigns in all phases of the REO cycle. An FAQ explains more. Payments on the Final HUD-1: No repairs are to be paid on the final HUD-1 at the closing table. The details of these items are available below. 1. Use of Alternative Disposition Channels to Increase; Online FAQ Has More Information Bank of America will increase the use of our alternative disposition channels as a complement to our overall direct marketing strategies. As we ramp up the use of our alternative space, you [...] 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
Short Sale Listing Lead Generation Systems, Sample Radio Ads!
How do you sell 100 homes PER MONTH….1200+ homes PER YEAR….? Well, ask the Realtor who is doing it…Chantel Ray. Recently, Harris Real Estate University interviewed Chantel and asked her exactly how she has become one of the nations leading agents (if not the nation’s #1 Agent). Listen to a FREE replay of the HREU Exclusive Chantel Ray interview. HREU’s biggest group of new students are agents who have other real estate designations. Why join HREU after you have become an ‘expert’? Simple, because Harris Real Estate University is the nations #1 Short Sale Coaching program. Go beyond the basic 2 day short [...] 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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