Wednesday, March 31, 2010

C.A.R. Reports February 2010 Median Price Increased 14.1 Percent; Home Sales Decreased 11.7 Percent

RISMEDIA, March 30, 2010—Home sales decreased 11.7% in February 2010 in California compared with the same period a year ago, while the median price of an existing home rose 14.1%, the California Association of Realtors® (C.A.R.) recently reported.

“The federal tax credit for home buyers, low mortgage rates, and affordability at record levels have contributed to an unprecedented opportunity for many first-timers in the market for a home of their own,” said C.A.R. President Steve Goddard. “Although sales have declined from the unusually strong levels we experienced a year ago, they’ve remained above the 500,000 unit threshold for 18 consecutive months, while home prices continue to firm in the regions of the state most attractive to buyers taking advantage of today’s favorable market conditions.”

Closed escrow sales of existing, single-family detached homes in California totaled 528,930 in February at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local Realtor associations statewide. Statewide home resale activity decreased 11.7% from the revised 598,770 sales pace recorded in February 2009. Sales in February 2010 decreased 2.2% compared with the previous month.

The statewide sales figure represents what the total number of homes sold during 2010 would be if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. The median price of an existing, single-family detached home in California during February 2010 was $279,840, a 14.1% increase from the revised $245,230 median for February 2009, C.A.R. reported. The February 2010 median price decreased 2.4% compared with January’s $286,600 median price.

“Sales of distressed properties to investors and first-time buyers continued to drive the market in February, although at a lesser rate than a year ago,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Supply continues to lag demand at the more affordable end of the market, with a 3.9 month supply of homes for sale priced below $300,000, compared with the long-run average of more than seven months. This contrasts sharply with the nearly 15-month supply of homes for sale priced at $1 million or more at the upper end of the market.”

Highlights of C.A.R.’s resale housing figures for February 2010:

-C.A.R.’s Unsold Inventory Index for existing, single-family detached homes in February 2010 was 6.3 months, compared with 7.1 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

-Thirty-year fixed-mortgage interest rates averaged 4.99% during February 2010, compared with 5.13% in February 2009, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.23% in February 2010, compared with 4.87% in February 2009.

-The median number of days it took to sell a single-family home was 41.2 days in February 2010, compared with 51.4 days (revised) for the same period a year ago.

-Statewide, the 10 cities with the highest median home prices in California during February 2010 were: Newport Beach, $1,000,000; Santa Monica, $781,250; Danville, $755,000; Santa Barbara, $725,000; San Clemente, $685,000; Pleasanton, $650,000; Mountain View, $637,500; San Francisco, $637,441; Redondo Beach, $615,000; and Sunnyvale, $609,500.

-Statewide, the cities with the greatest median home price increases in February 2010 compared with the same period a year ago were: Banning, 44.4%; Richmond, 38.9%; La Habra, 35.9%; Rancho Mirage, 33%; Vista, 29.3%; National City, 29%; Oakland, 29%; El Cajon, 28.1%; San Pablo, 26.3%; Fremont, 26%; and Pittsburg, 25.8%.

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Where Does Passion Come From?

I've been on a big kick lately about people bringing passion to their jobs. I don't care if they are an artist, a banker, a teacher, a waiter or whatever. We need to realize that everyone benefits when people are excited about what they do and how they deliver it to their customers, clients, neighbors and even strangers.

The great Martin Luther King, Jr. once gave a speech at a junior high school in Philadelphia in October, 1967 (the month I was born) where he said the following:

"...When you discover what you will be in your life, set out to do it as if God Almighty called you at this particular moment in history to do it. don't just set out to do a good job. Set out to do such a good job that the living, the dead or the unborn couldn't do it any better. If it falls your lot to be a street sweeper, sweep streets like Michelangelo painted pictures, sweep streets like Beethoven composed music, sweep streets like Leontyne Price sings before the Metropolitan Opera. Sweep streets like Shakespeare wrote poetry. Sweep streets so well that all the hosts of heaven and earth will have to pause and say: Here lived a great street sweeper who swept his job well. If you can't be a pine at the top of the hill, be a shrub in the valley. Be the best little shrub on the side of the hill.

Be a bush if you can't be a tree. If you can't be a highway, just be a trail. If you can't be a sun, be a star. For it isn't by size that you win or fail. Be the best of whatever you are."

I've been thinking what the ingredients are to create passion. See if you agree with these.

  • P is for Pride. You should have pride in your product, company, team, city, neighborhood, service and most importantly in yourself.
  • A is for Attitude. You can't fake passion so you better start with a great attitude.
  • S is for Skills. Are you knowledgeable, competent and confident it whatever it is that you do? Do you constantly seek to be better, taking classes, reading book or blog and talking to those in your field who are better than you?
  • S is for Sincerity. Can people see that you mean what you say, believe in what you do and who you surround yourself with and most importantly care about people? If they do, you're passion will be visible.
  • I is for Internally Motivated. I've always felt that inspiration comes from the outside but motivation must come from within. Do you have a fire burning inside you that makes you want to be the best you can be. If you fail, are you worried about those you may have let down or are you more concerned with letting yourself down? What does that "man in the mirror" say to you each day? Does it make you want to go back to bed or could you run to work on energy and enthusiasm?
  • O is for "Oh My God!" That is what I want people to leave my classes saying. "Oh my God, that was sooooo fun," or "Oh my God, he gave me so many ideas to build my business." How many times have you experienced "Oh my God!" service? Isn't it fun? Isn't it memorable? You can't wait to share your experience with a friend or family member.
  • N is for "Next." - Passionate people are always looking ahead to their next opportunity, their next challenge, their next chance to have fun. If you are good at what you do and enjoy it, why would you want to wait to do it again?

P-A-S-S-I-O-N

How do you spell passion? Do you agree with me? Would you change any of my definitions? What was the last experience you had that involved passionate service?

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Servicing The Listing

So in my last two articles I talked about preparing for the listing appointment and going on the appointment.  Now I want to share some thoughts on servicing the seller during the listing period.

I’m sure I don’t have to tell you that the clients want to hear from you.  They want consistent communication with you to know what’s being done to sell their home, how the market is doing, and what the feedback is from the showings that are taking place.

I can’t tell you the number of expired listing appointments I go on and the seller says, “My agent listed the house and I never heard from them again”.  As a professional in this industry, that is completely unacceptable in my opinion.  The client is hiring you by signing a multi-month contract for thousands of dollars.  You owe it to them to provide a professional level of service and communication.

It’s really pretty simply but for some reason we allow fear to get in the way of calling and communicating with our sellers.  You leave the house with the listing signed feeling all warm and fuzzy, and then when a few weeks or possibly months go by and the home is not sold, we get scared to talk to the seller.  

There are many reasons for this fear and it’s justifiable.  The biggest issue with this fear is that you likely didn’t set them up properly at the listing appointment.  The sellers are looking to you as the professional to lead and guide them throughout the entire process.  Remember, they don’t know what they don’t know.

Here are some things that you should cover with your seller either at the appointment or within the first week of taking the listing.

1.    You will call each agent that shows the home to get feedback from them and communicate this with them.

2.    You will update them every 30 days with a new market analysis of their home via email showing how their home is continuing to compare to the market so that they can remain competitively priced in order to sell.

3.    Explain that other agents and companies will be showing the home way more often than you are.  As the listing agent your job is to market the home and get the home maximum exposure no matter what agent the buyer is working with.  Don’t pretend you’re going to be showing the home all the time, in fact tell them the truth, you may never show the home as the listing agent.  If you have a financially qualified buyer who is looking for something like their home you will but otherwise you will be spending your time marketing the home and looking for buyers, which is what they’re hiring you for.  My agent never showed the home is another huge complaint I hear.  Educating them on how this works will do wonders for your relationship with the seller.

4.    Discuss price reductions right up front.  Tell them the truth.  The longer the home sits on the market the harder it will be to sell and the worse thing you can do is continue to let the home sit on the market month after month at a price that isn’t causing the home to sell.

5.     If you are not going to do open houses, let them know this.  Don't allow the client to wonder about this.  Either you are an agent that does open houses or you are not.  There are a number of objection handlers in our book, Now What Do I Say?, to overcome this if you choose not to do open houses.

6.    Ask them how they would like you to communicate with them, email, text, phone, mail.  And then do what works best for them.

The future of business is in relationship and communication.  Make sure your goal is to take excellent care of the client’s needs, wants, and desires first and foremost.  A paycheck should come as a result of providing great service.  Please don’t be the type of agent that is only concerned about getting a paycheck.  Trust me, the client feels this from miles away.

Be a contribution to your client in every way possible during your relationship with them.  Have form letters, checklists, price reduction campaigns in place to service the listing.  It should be streamlined and the same for every listing you take.  You shouldn't have to think about any of this, it should be automatic.

Remember, the consistency of your day to day activities determines the consistency of your income month after month.

Please let me know how I can support you with your real estate business.  I have recently opened my scheduled to allow space for a few additional individual coaching clients.  My goal is to teach agents across the United States how to sell a 100 homes a year with great service, and a personal life too!   To learn more about how I can help you, please call me at 540-312-0085 begin_of_the_skype_highlighting              540-312-0085      end_of_the_skype_highlighting or email me at christycrouch@aol.com, or visit our website at
www.yourethedifference.com 

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A QUICK DECISION USUALLY DENOTES AN ALERT MIND.

Successful people are decisive. They don’t agonize over decisions and thereby miss out on a great opportunity. They gather the relevant information, discuss alternatives with advisers whose opinions they respect, and then make a decision and get on with it. Indecision creates the worse kind of paralysis and, left unattended, can permanently damage you and your organization. If you have trouble making decisions, remember that there are few decisions that are irreversible. If you later discover that you were wrong, correct your course and move on.

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Five More States to Receive Federal Funding for Mortgage Programs

The administration announced Monday that it is expanding its initiative to provide funding for state housing finance agencies to develop their own localizedmortgage assistance programs. A second round of funding, totaling $600 million, will go to five additional states: North Carolina, Ohio, Oregon, Rhode Island, and South Carolina.

Last month, $1.5 billion in aid was allocated to be divided between California, Nevada, Arizona, Florida, and Michigan – states with what the administration called the “hardest hit housing markets,” where unemployment is high and home prices have fallen more than 20 percent in the aftermath of the housing bubble.

Building on this first Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (the “HFA Hardest Hit Fund”), the second round of grants announced Monday targets states “with high shares of their populations living in local areas of concentrated economic distress,” the Treasury explained in a statement to the media, i.e., areas where unemployment in 2009 exceeded 12 percent.

North Carolina will be awarded up to $159 million; Ohio $172 million; Oregon $88 million; Rhode Island $43 million; and South Carolina $138 million. The money will go to housing finance agencies (HFAs) in each state to develop innovative measures to help families avoid foreclosure and provide additional assistance to unemployed homeowners.

The Treasury Department outlined the following as types of programs that will qualify for funding:

• Unemployment Programs – Programs may provide for assistance to unemployed borrowers to help them avoid preventable foreclosures.

• Mortgage Modifications – Programs may provide for modification of mortgage loans held by HFAs or other financial institutions or provide incentives for servicers/investors to modify loans.

• Mortgage Modifications with Principal Forbearance – Programs may provide for paying down all or a portion of an overleveraged loan and taking back a note from the borrower for that amount in order to facilitate additional modifications.

• Short Sales/Deeds-In-Lieu of Foreclosure – Programs may provide for assistance with short sales and deeds-in-lieu of foreclosure in order to prevent avoidable foreclosures.

• Principal Reduction Programs for Borrowers with Severe Negative Equity – Programs may provide incentives for financial institutions to write-down a portion of unpaid principal balance for homeowners with severe negative equity.

• Second Lien Reductions – Programs may provide incentives to reduce or modify second liens.

Other innovative ideas and transaction types, including innovations related to the Making Home Affordable program, will also be considered and evaluated on a case-by-case basis for compliance. HFAs in the states qualifying for the second Hardest Hit Fund will be required to submit plans to Treasury for review after program guidelines are released within the next two weeks.

State HFAs included in the first round of funding have been working quickly to develop their housing programs for review. Their plans must be submitted to the Treasury by April 16.


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How Long Will Negative Equity Last?

There has been a lot of recent talk about mortgages in negative equity – underwater homes – and the impact on the housing market. In response, First American CoreLogic asked the question: When will these homes start to float?

The company estimates that the typical underwater homeowner will not begin to surface until late 2015 to early 2016. It’s an even longer stretch for some of the most depressed markets, where First American CoreLogic says the typical borrower in negative equity may not experience positive equity until 2020 or later.

Even in markets with low shares of negative equity, the recovery time will still be long because the few borrowers that are upside down are deeply in negative equity and these are typically not high appreciation markets, the company has concluded.

Although house price appreciation will, over time, offset negative equity, First American CoreLogic says amortization (the paying down of loan balances) will be a more significant remedy to negative equity. The company’s data shows that over the next 10 years, the

average loan balance will decrease by an annual rate of 3.3 percent; meanwhile home prices are expected to increase at a 3 percent annual rate over the next decade.

To forecast when the typical U.S. homeowner will achieve neutral and positive equity, First American CoreLogic looked at 10 key markets, plotting equity trends over the next decade, and assuming a nominal annual appreciation rate of 3 percent.

Of the markets studied, the Washington D.C. area is expected to reach positive equity by 2015.

Atlanta, Georgia; Dallas, Texas; and Riverside-San Bernardino, California are projected to rise to the surface in 2016. Boston, Massachusetts should find a balance in 2017.

Cape Coral-Fort Myers, Florida; Pittsburgh, Pennsylvania; Las Vegas; and Lancaster, Pennsylvania are forecast to reach positive territory by 2020.

Detroit, though, is not projected to recover even by 2020, because of its depressed economy.

The latest numbers from First American CoreLogic show that more than 11.3 million, or 24 percent, of all residential properties with mortgages were underwater at the end of the fourth quarter of 2009.

Among the new housing initiatives announced by the administration Friday was assistance for borrowers with negative equity. In order to deter these homeowners from strategically defaulting, the Treasury will begin requiring servicers to consider principal write-downs as part of their Home Affordable Modification Program (HAMP) evaluations for borrowers whose loan balance is more than 115 percent of the property’s current value. The plan also includes a Federal Housing Administration (FHA) refinancing program for negative equity mortgages

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Write . what will take place later.

As it is written: No eye has seen, no ear has heard, no mind has conceived what God has prepared for those who love him; but God has revealed it to us byhis Spirit. The Spirit of truth … will tell you what is yet to come.

Look, he is coming with the clouds, and every eye will see him, even those who pierced him; and all the peoples of the earth will mourn because of him. So shall it be! Amen.

We do not want you to be ignorant about those who fall asleep, or to grieve like the rest of men, who have no hope. We believe that Jesus died and rose again and so we believe that God will bring with Jesus those who have fallen asleep in him. For the Lord himself will come down from heaven, with a loud command, with the voice of the archangel and with the trumpet call of God, and the dead in Christ will rise first. After that, we who are still alive and are left will be caught up together with them in the clouds, to meet the Lord in the air. And so we will be with the Lord forever.

Pray today for all in government, from the highest to the lowest positions, to be among those who believe that Jesus died and rose again, that they would find salvation in Him.

Scripture references: Rev. 1:19; 1 Cor. 2:9,10; John 16:13; Rev. 1:7; 1 Thes. 4:13,14,16,17.

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Dig Into Your Covenant

"This cup is the new covenant [ratified and established] in My blood."
(1 Corinthians 11:25)




New Covenant. It's a familiar phrase to most of us. But do we really know what it means?

If we did, every one of us would be faith giants. Instead of struggling, "trying" to believe the promises of God, we'd be like Abraham. "Strong in faith...fully persuaded that, what God has promised, He is able to perform!" (Rom. 4:20-21).

That's the kind of confidence that welled up in Abraham when God cut the covenant with him. It was an inferior covenant to ours, made with the blood of animals. Yet it transformed a doubting Abraham into the very father of faith. Why? Because, Abraham understood the significance of it.

He knew that entering into the Covenant of Blood meant you were totally and forever giving yourself away to someone else. Once you did it, nothing would ever be exclusively yours again. All that you were, all that you had or ever would have became the equal property of your covenant partner.

During the covenant ceremony in Abraham's day, the partners exchanged coats, each one giving their authority to the other. They exchanged weapons as a way of saying, "Your enemies are now my enemies. I'll fight your fights as if they were my own." They walked through the blood of slain animals, pronouncing their loyalty to one another, even to the death.

When God made covenant with him, Abraham knew there was no longer any room for doubt. God had proven how intensely He desired to be God to him. He'd given him every thing He had and bound Himself to Abraham in a relationship that could not be dissolved. Abraham comprehended the gravity of a covenant agreement. It convinced him once and for all that God's promises could be trusted. It became an anchor to his soul.

Do you want to be a faith giant like Father Abraham? Then dig into the covenant you have with God. Study it in the Word. Let the Holy Spirit show you what really happened when Jesus became the sacrifice that ratified your covenant with God. Let Him show you what it meant when He gave you His Name (John 16:23), His authority (Matt. 28:18-20), His armor and weapons (Eph. 6:10-17).

Once you realize what Jesus actually meant when He said, "This is the New Covenant established in My blood," your life will never be the same again.


Scripture Study:  Hebrews 10:1-23

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My thought of the day

"Don't be afraid to give up the good to go for the great."


    ~ John D. Rockefeller: Was an American

                 industrialist and philanthropist

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The American Foreclosure Resistance Movement

By George W. Mantor

RISMEDIA, March 30, 2010—I finally broke down and got my first smart phone with a touch screen, the Blackberry Storm 2. Wow, from the original Maxwell Smart’s shoe phone to this.

If I understand this correctly, I believe that with this device I can now script, shoot, edit and distribute a full length feature movie without ever leaving the patio of the Yellow Deli.

Which hadn’t ever occurred to me as something I might want to do, but then I didn’t know that you could. As a matter of fact, I went into this kicking and screaming. Once I adapt to a new cell phone, I don’t want to switch and have to relearn how to make a call. But, what the heck, the thing is free.

Now those of you who have already worn out a couple of sets of thumbs are surely going to ask, “Where has he been?” But, this is truly amazing, and the carrier gave it to me.

It’s got GPS so I can call in an airstrike on my exact coordinates. Which begs the question, does someone want to know where I am? And, could they know from this device what I’m saying, emailing, watching and listening to? You have to admit that it does have a sort of Orwellian aspect to it.

A video camera? My first video camera weighed ten pounds. But, before I digress too far, I didn’t set out to write about the features of smart phones, as much as the possibilities to use these tools to put our country back on the right track. We now have the ability to shine heat and light on some dark places. But, how will we use this remarkable ability?

Is it power to the people or a pacifier? Hey, it works for the kids; just plop them in front of a screen and it doesn’t even have to be entertaining.

Is this a tool of change or another time-burning distraction?

I bring this up because I am suddenly aware of the gap between what we could be doing with what we have available to us and what we actually do, which is not much.

Little by little, the “time-saving convenience” has whittled away our prosperity until these stark truths are impossible to ignore:

–We cannot feed our children, “Almost one in four children in our country lives on the brink of hunger,” said David Beckmann, the President of Bread of the World.

–We cannot protect our children from predators because our governments have been forced to slash budgets.

–We are laying off teachers assuring that the next generation will not receive the quality of education they will need to compete in the emerging economy.

–We are saddling several future generations with a huge debt that will limit their options even further. The young men and women of our military are coming home to a 21% unemployment rate for returning service people.

–Everyday, more and more homeowners are being illegally evicted from their homes without right or even cause. And, they don’t even know what happened to them. What ever your passion or talent, it has a place in the American Foreclosure Resistance Movement. This is affecting children, women, the elderly, minorities, pets and all of the services that our community relies on to be a safe and livable community.

–Slow emergency response times are becoming common place. Pot holes the sizes of Hippopotami are left to widen and deepen. Parks are closing.

We can do better than this. The American Foreclosure Resistance Movement (AFRM) is a step beyond tea and coffee parties to a more focused effort to return the wealth and power to the middle class. We cannot wait to change politicians; we need to act now.

The objectives are two fold: to assist those resisting foreclosure, and to organize a movement to demand that Congress act to stop all foreclosures until the Financial Crisis Inquiry Commission finishes its work and issues its report.

Even people who, a year ago, were rabid about dead-beat borrowers are beginning to see that this is way bigger than that. That this will touch them on many levels and that this is the only real solution. Just stop the foreclosures until we sort out a few things.

I believe what we are going to find is that the financial intermediaries have attained all of their wealth through a massive fraud upon everyone. Your loan obligation was satisfied long ago and you don’t owe that money to anyone. It starts with sophisticated predatory lending, phony ratings, and illegal foreclosures, and ends with massive income tax fraud.

And, as long as foreclosures continue, there can be no meaningful recovery on the jobs front.

The law is on our side, but it isn’t being fairly administered. The role of the AFRM is to become a clearing house for information that will prevent illegal foreclosures and provide those already illegally foreclosed with support they need to obtain significant damages.

People from all over the country send me their scenarios, and last week I came across the most egregious example yet of banksters stealing homes. It proves that in a non-judicial foreclosure state such as California, anyone can manufacture documentation and steal someone’s home without them ever missing a payment.

The homeowner documented everything in a 14-page chronology, and contacted every government agency in her 28 month battle to overcome a totally false assertion that she had not paid her property taxes. She paid them and has the receipt. The servicer never provided any evidence that they paid anything. But, that gave them the excuse, without the homeowner’s approval, to establish an impound account to collect additional monthly funds ostensibly to pay property taxes.

Attempts to resolve the matter were continually frustrated by conflicting instructions, lost paper work, missing employees, and mysterious disconnections after critical questions.

Wouldn’t you just know it, even after there was never enough money in the impound account so the homeowner was defaulted and eventually the servicer seized the home.

Along the way, they hired loan modification experts and lawyers who simply didn’t know what to do.

Mortgage servicing fraud is so easy in California because California is a non-judicial state. This foreclosure went right on even though the servicer said it was still attempting to resolve the discrepancy. They received no notice of the sale. This is a crime, and it’s going on in every state. I believe judges look the other way and rubber stamp obviously phony documents.

That is why we need the AFRM.

Our leaders’ answers are to look the other way and respond by giving pretender lenders a ton of money. The numbers boggle the mind, but it really doesn’t matter; it’s the general idea that seems to lack any common sense. But, what have they really done to keep people in their homes? Nothing!

But, I don’t really blame them; we knew who they were when we voted for them. We let them divide us into to camps with bogus ideology while they do nothing but line their pockets and enrich their friends. Don’t get me wrong, there are three people who give me some hope, but they are mostly branded kooks.

Alan Grayson, Marcie Kaptur and Ron Paul, among others want to audit the Fed, and we should support that transparency and let all of congress know that we want that bill to pass.

Go here to sign the petition, http://www.auditthefed.com/

But, that isn’t going to help the 13 million people who will lose their homes because not enough of us are standing up for each other. Government is organized and deceitful; we are disorganized, apathetic and “disinformed.”

However, we’ve got social networks, the Internet, and access to heaps of information. I think we take this web of connectivity and really do something with it. I know that no one cares about my cat video, but spreading the truth about what really was done to the economy and how we can turn this around is interesting.

Because the law is on our side, we can win. But, we have to fight back. First, in the courts to stop foreclosures until all predatory lending claims can be heard.

If you have a problem or you want to help out, you are welcome. It’s all about spreading the word. If you can help out with a website, we now have a domain name, but we need to get it unparked. Right now it is showing a lot of services that I haven’t evaluated or recommended.

Send information. If someone in your community has something to share, let’s get it out there.

Finally, I want to point out that those who are foreclosed on receive a 1098 that, in other years, would have been taxable as income to the borrower. It reflects the so-called loss that the banks are claiming on the loan. Now, considering that the financial intermediary didn’t loan any money, set the sale price at auction, received TARP funds, and cashed in credit default swaps, isn’t there a strong likelihood of income tax fraud on top of everything else.

If anybody over at the IRS is reading this, I have a question. When a pretender lender issues a 1098 for a loss on a residential mortgage that they do not and have never owned, and they received credit default swaps and tarp funds covering or exceeding that amount, why isn’t that income tax fraud? If I buy a credit default swap saying I won’t hear a peep back from the IRS for at least two weeks, are my winnings taxable?

George W. Mantor is known as “The Real Estate Professor” for his consumer education efforts including a long-running radio program, monthly workshop series, public appearances, and frequent articles.

During a career dating back to 1978, he has amassed experience in new home and resale residential real estate, resort marketing and commercial and investment property.

Prior to starting his own real estate and mortgage brokerage in 1992, he had been Director of Training and Customer Service for Great Western Real Estate. In addition, he has served on virtually every real estate committee, including a term as a Director of the California Association of REALTORS.

George is a nationally respected authority on all areas of real estate and is frequently quoted in a wide range of publications. He is an oft invited guest of Fox Business Network and for many years, he was the host of “Keepin’ It Real…Real talk about the real thing, real estate” on KCEO radio.

The Real Estate Professional includes him in “a directory of the Nation’s outstanding authors, columnists, and speakers. His articles have also recently appeared in Real Estate Finance, The Real Estate Professional, National Real Estate Investor, Broker Agent News, and Realty Times. His blog is http://www.realtown.com/gwmantor/blog.

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Abundance

TODAY'S SCRIPTURE

"Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap"
(Luke 6:38, NIV))

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TODAY'S WORD from Joel and Victoria

God is a god of abundance! He wants to pour out His abundance on you until you are so full that you are running over with His abundance! But, notice how today's verse starts. It says, "Give and it will be given to you." That's because your giving sets the blessing of God into motion in your life. When you give, you plant a seed. If you were to plant an apple seed, you wouldn't just grow one single fruit. No, that one seed grows into a tree that produces an abundance of apples! That's what happens when you obey God in your giving. You get an abundant harvest in return. You reap so much that you have to give it away and the cycle just keeps repeating itself!

Is there something the Lord is telling you to give today? What do you have in your hand that you can bless someone else with? It can be financial or material, but take a step of faith today and open the door to His abundance in every area of your life!

Don't forget to join us online Easter Sunday at 7:00 pm CST for our exclusive webcast, "Finding God's Favor". You'll hear powerful testimonies that will strengthen and stir your faith so you can move forward into the abundance He has prepared for you!

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A PRAYER FOR TODAY

Father in heaven, I receive Your Word into my heart today. Thank You for choosing to bless me so that I can be a blessing to others. Show me ways to bless others and teach me to receive all You have for me. In Jesus' Name. Amen.

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Victory

TODAY'S SCRIPTURE

"But thanks be to God, Who gives us the victory [making us conquerors] through our Lord Jesus Christ"
(I Corinthians 15:57, AMP))

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TODAY'S WORD from Joel and Victoria

God wants to pour out His favor on you so that you can live in victory in every area of your life. The scripture says He always causes us to triumph through Christ Jesus! That means, no matter what you may be facing today, God wants to make you more than a conqueror. Are you battling sickness? God wants to give you healing. Are you struggling with a broken relationship? God wants to give you restoration and peace. Are you facing a need—physically, spiritually, or emotionally? God's favor will bring you provision and supply all your needs according to His riches in glory.

Many times in the Bible when God's people were going into battle, the worshipers were out in front of the warriors. When you choose to be thankful and bless the Lord in the midst of your battle, you are opening the door to His favor in your life. That's why I always say, magnify your God; don't magnify your problems! When you give praise to God, you'll see Him move on your behalf, and He'll lead you into victory in every area of your life!

Don't forget our live webcast, "Finding God's Favor" this Sunday, April 4 at 7:00 pm CST. Just visit our special facebook webcast page and get ready for new levels of favor!

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A PRAYER FOR TODAY

Father in heaven, today I give You thanks for Your mercy and faithfulness in my life. Thank You for leading me into victory! I magnify You and bless Your holy name today. In Jesus' Name. Amen.

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YOU WIN, WHEN YOU AREN'T AFRAID TO LOSE

 

The difference between great and average is how often you take risks.

Accept risk as a normal part of living. View risk as a part of the process of exploring your world. Make note of the lessons you learn with each chance you take and move on.

Forget about the consequences of taking chances. Risk opens you to only a temporary change in direction that can set you straight for your next success.

If you're brave enough to risk, to temporarily live outside of your comfort zone, for a short period of time,  you're big enough to win.

 

 

© 2010 YourDailyMotivation.com

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Daily Insights

Task Force Fights Back Against Mortgage Fraud

Mortgage fraud remains a major problem in many U.S. cities, but the fight against it is growing.

Last Thursday, representatives of the Financial Fraud Enforcement Task Force met in Phoenix for the second of a series of Mortgage Fraud Summits, marking an important step in the task force’s aggressive, comprehensive, and collaborative effort to combat mortgage fraud and protect American homeowners.

Task force members met with Phoenix area community leaders, legal services providers; banking, mortgage, and real estate industry representatives; and law enforcement officials to discuss mortgage fraud from a national, state, and local perspective.

According to Attorney General Eric Holder, who attended the summit, the FBI is currently investigating more than 2,800 mortgage fraud cases, up almost 400 percent from five years ago. He said mortgage fraud crimes have reached crisis proportions, and the information gained at the summit will be used to focus and strengthen law enforcement activities.

“Mortgage fraud schemes must be stopped in their tracks,” Holder said. “And those willing to exploit our national financial crisis for personal gain will be brought to justice.”

At the summit, Holder announced that new investments included in the FY 2010 budget will soon be distributed to combat mortgage fraud. He said nearly $8 million will be allocated this spring for mortgage fraud enforcement, including $1.7 million in Arizona.

The funding to Arizona is necessary, as the Phoenix metropolitan area is ranked fourth in the nation for the number of suspicious activity reports filed by depository institutions concerning suspected mortgage fraud, according to a recent study from the Department of Treasury’s Financial Crimes Enforcement Network. In addition, HUD said Arizona is ranked No. 1 for homes that were funded by Federal Housing Administration loans and have been foreclosed upon.

“We welcome the opportunity to combine forces with federal agencies to attack the serious problem of mortgage fraud in Arizona,” said Arizona Attorney General Terry Goddard. “Arizona is ground zero in the foreclosure crisis, which plays a large role in our state’s economic downturn. This crisis has been exacerbated by the deceptive practices of lenders in originating and servicing loans and fraudulent mortgage rescue scams that prey on borrowers desperate to hang on to the American dream of owning a home. “

Mortgage fraud is a key focus of the Financial Fraud Enforcement Task Force, which was established by President Obama in November 2009. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

“We’re tackling the challenges and consequences of mortgage fraud in bold, innovative, and coordinated ways,” Holder said. “We have one message to those who would engage in mortgage fraud schemes: You will be found, you will be prosecuted, and you will be punished.”

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BEWARE OF HIM WHO TRIES TO POISON YOUR MIND AGAINST ANOTHER UNDER THE PRETENSE OF HELPING YOU. THE CHANCES ARE A THOUSAND TO ONE HE IS TRYING TO HELP HIMSELF.

South African poet and painter Breyten Breytenback tells of a Black man named Freedom who was the property of a one-legged slave owner in the days before the abolition of slavery. Whenever the owner bought a new pair of shoes, he gave the left one, which he couldn’t use, to Freedom. Eventually, wearing two left shoes deformed Freedom’s right foot, and he was permanently crippled by the "generosity" of his master. Don’t be fooled by people who attempt to further their own interests under the guise of helping you. Listen to advice from others, thank them for their interest, and make up your own mind about what is best. Follow their advice if it fits with your plan for your life, but don’t hesitate to discard it if it doesn’t. In all the world, there is only one individual who knows what is best for you, and that person is you.

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My thought of the day . . . . . . .

MAKING CHOICES IS YOUR GREATEST POWER

 

At any time you can decide to alter the course of your life.
No one can ever take that away from you.

You can do what you want to do and be who you want to be.

Nature is constantly at work around you. Character and destiny are her handiwork. She gives you love and hate, jealousy and reverence.

You have the power to choose which impulse you follow.

While your character is formed by your circumstances, your desires can shape those circumstances. The one thing over which you have absolute control are your own thoughts.

It is this that puts you in a position to control your own destiny.

Your greatest power is the power to choose.

 

 

© 2010 YourDailyMotivation.com

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Daily Insight

Citi Agrees to Participate in Second Lien Program

In an effort to keep families in their homes, Citi announced Thursday that it has committed to participate in the administration’s second lien modification program (2MP).

The New-York based global financial services company is the fourth major servicer to sign on to the program, which was introduced nearly a year ago.

“It is our priority and commitment at Citi to help homeowners in need,” said Vikram Pandit, Citigroup CEO.

“The 2MP program will further improve the affordability on mortgages and help families facing financial distress stay in their homes.”

2MP was designed to work in tandem with the Home Affordable Modification Program and is aimed at helping homeowners who have a second home equity mortgage. According to Treasury estimates, up to 50 percent of at-risk mortgages also have second liens.

To qualify for the program, homeowners must successfully complete a trial modification on their first mortgage. Then, if the servicer of the borrower’s second line in a 2MP participant, the servicer must offer to modify the second lien or accept a lump sum payment from Treasury in exchange for fully doing away with the second lien.

Citi joins Bank of America, Wells Fargo, and Chase as participants in the program. Together, these four servicers own $400 billion of the nation’s $1 trillion second lien mortgage market. Based on fourth quarter 2009 filings with the Securities and Exchange Commission, BofA holds $149 billion in junior liens, Citi has $54 billion, JPMorgan Chase holds $101 billion, and Wells Fargo has $115 billion.

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