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Bring on inflation? The debate was escalated in April when Federal Reserve Chairman Ben Bernanke rejected economist Paul Krugman’s suggestion that regulating 3-to-4-percent higher rates of […] Click Here To View More

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When you’re faced with a choice between two different things, be it shoes, phones or flights, most websites let you view options side by side, enabling […] Click Here To View More

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I recently met with folks from the Consumer Financial Protection Bureau including Rich Cordray, who heads up the CFPB. They are forming brand new committee and looking to include REALTORS®. No one can better represent consumers today than REALTORS®! We had a great exchange, and I shared with him the financial processes home buyers face […] Click Here To View More

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Why are there so many conflicting reports on home values? It seems like every other day there is a new reporting being released about home values. One report says values are going up…another says home values are going down…or no where. My favorite ‘new housing report’ has to be from Zillow. As our regular readers will recall Zillow released a new housing report on the true number of underwater owners currently in the US. (I won’t make you Google for the report…16,000,000 underwater owners according to Zillow!) With 16 MILLION underwater owners its safe to assume that its going to be […] Click Here To View More

Agent Education, Conferences & Meetings, Distressed Property News, Financing, Financing News, foreclosure, Foreclosure, REO, Short Sale News, Foreclosures, Market Conditions & Predictions, National Real Estate News & Comment, Real Estate Coaching & Market News, Real Estate Industry, Real Estate News#1 real estate coach, #1 realtor coach, Breaking Real Estate News, foreclosures, How To List REO’s, HREU, national association of realtors, real estate university, Short Sale Training, tim and julie harris

HARRIS REAL ESTATE UNIVERSITY PRESENTS: * 4 STAGES OF LEARNING. * Join Tim and Julie Harris for this FREE real estate industry training event. * LISTEN NOW TO INSTANT FREE REPLAY: http://InstantTeleseminar.com/?eventid=26342031 * This is the outline for this free training event: The Four Stages of Mastery in Real Estate 1. Unconscious Incompetence The individual does not understand or know how to do something and does not necessarily recognize the deficit. They may deny the usefulness of the skill. The individual must recognize their own incompetence, and the value of the new skill, before moving on to the next stage.  […] Click Here To View More

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Fitch expects single-property REO and bulk REO sales to be key parts of the housing market over the next two years. However, uncertainties around FHFA’s next steps make the disposition of those assets and their impact on the housing market hard to predict and variable by location. The supply of REO is staggering. Lenders Processing Service, Inc. estimates that, nationally, over two million properties are currently in foreclosure. Corelogic, Inc. estimates the percentage of total sales that are distressed loan properties has averaged 25%-35% in recent months. More are undoubtedly coming. The investigation by several state governments into the processes […] Click Here To View More

Distressed Property News, Market Conditions, Predictions, Real Estate Coaching & Market News, Real Estate Industry, Real Estate News#1 real estate coach, #1 realtor coach, Breaking Real Estate News, distressed property designation, foreclosures, harris real estate university, HREU, national association of realtors, Short Sale Training

Clayton Holdings LLC, a leading provider of due diligence, underwriting, surveillance and default servicing to the residential and commercial mortgage and fixed income industries, announced today it has agreed to acquire Green River Capital, LC, a leading provider of REO, short sale and broker price opinion (BPO) services based in West Valley, Utah.  The transaction is expected to close within 60 days.  No financial details were announced. Green River currently has a number of large investor, financial institution and GSE clients.  The company has a staff of approximately 200.  Green River provides its BPO and REO services with the support of a […] Click Here To View More

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Attn: Real Estate Industry From: Chris Townson, #1 RE/MAX Agent and HARRIS REAL ESTATE UNIVERSITY Superstar. Event: November 7th 2012 the San Diego Chapter of NAHREP (National Association of Hispanic Real Estate Professionals) will be providing an educational event. Here is the information you need to attend this event. Agents will get to: 1.            Learn how to get their offers accepted on bank owned properties from top REO agents 2.            Learn how to work with the REO Banks right from the Banks themselves 3.            Have a chance to rub elbows with the Banks at a VIP cocktail party. Every agent […] Click Here To View More

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To: Bank of America Listing Agents (and agents who are ready to become REO Listing Agents) Date: October 25, 2011 Subject: Tips and Tricks To Maximize Success with Bank of America Assets The following is a list of “tips and tricks” we have discovered during our first couple of months servicing Bank of America (BofA) assets on Equator.  This is not intended to be an exhaustive description of the REO process, but more of a list of items to watch out for and prepare to deal with because the process is different than most other outsourcers and/or BofA is slower […] Click Here To View More

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How much impact does a short sale have on FICO® Scores? How about a foreclosure? Since I frequently hear these questions from clients and others, I thought I’d share new FICO research that sheds light on this very subject. The FICO study simulated various types of mortgage delinquencies on three representative credit bureau profiles of consumers scoring 680, 720 and 780, respectively. I say “representative profiles” because we focused on consumers whose credit characteristics (e.g., utilization, delinquency history, age of file) were typical of the three score points considered. All consumers had an active currently-paid-as-agreed mortgage on file. WARNING: Short […] Click Here To View More

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Tim and Julie Harris Relentless Lead Follow Up Think of it like this:  You need to follow up daily until either: a)    The prospect lists or buys with you (or someone else). Or b)   They file a restraining order because you’re following up so well and so consistently! 1      Relentless Lead Follow Up means that the goal is to feel like you might be ‘over-communicating’ with clients and customers.  In reality, it is impossible to over-communicate with clients and customers.  The #1 complaint listed in a recent NAR survey of 100’s of recently-closed real estate clients was ‘lack of communication […] Click Here To View More

Agent Education, Market Conditions, Real Estate Coaching & Market News, Real Estate Industry, Real Estate News, Real Estate Oddities, Realtors Conference & Expo#1 realtor coach, 2011 real estate predictions, Breaking Real Estate News, foreclosures, housing market, HREU, national association of realtors

Our good friends at the California Association of Realtors recently conducted a survey asking… “Realtors, are short sales getting easier to close…are lenders finally making the process smoother and quicker” Watch the video to hear the answer (as if you didn’t already know!) FACT: Most Agents Will Fail. Why? They waited too long to learn the new 2011-2012 secrets how to list and sell short sales. Watch the FREE Agent Short Sale Secrets ® video and download the FREE Short Sale training guide. NOTICE: Free book guaranteed for the first 100 agents only. Click Here To View More

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Many interesting real estate market factoids exposed in this video. Pay attention to what he is saying about rentals. In a real estate market where home values are dropping home, rental rates are actually increasing. The move towards rentals may be a temporary or this could be the start of a new mindset about home ‘ownership’. Do you think the American Dream of ‘ownership’ has been tarnished to the extent that folks will favor renting over buying? QUESTION: Why do 3% of the agents make 97% of the money? Answer: They are making money NOW doing REOs and BPOs. Why […] Click Here To View More

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Hi, Quick…important message for you… Schedule yourself for TOMORROW’S FREE Agent REO and BPO Secrets Teleconference… ….you know that its crucial that you learn how to become a REO listing agent..join us in a few short hours… Again, the call is TOMORROW…Thursday May 19th at 12nn PST, 1pm MNT, 2pm CNT, 3pm EST….. Important Link—> Urgent Agent REO Secrets teleconference Info This is going to be a very intense (fun and FREE) 90 minute teleconference…. …….where you will learn directly from 2-3 of the nations top producing REO Listing Agents what they did to become REO listing agents… I have […] Click Here To View More

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A new Harris Poll shows that 22 percent of U.S. homeowners with mortgages — 32 million people — are having a tough time making payments… From the researchers at Harris: “These findings are consistent with other Harris Poll data on the economy that show a very modest, but, still painfully slow, recovery from the recession. Many millions of people are still hurting badly even if the numbers are slightly better than they were last year. It seems that we will continue to have a huge mortgage and foreclosure crisis until the economy is much stronger or house prices recover. Harris […] Click Here To View More

Breaking Real Estate News, Coaching & Training, Consumers, National Real Estate News & Comment, Real Estate Coaching & Market News#1 real estate coach, #1 realtor coach, 2011 real estate predictions, bank of america short sale, bpo assignments, Breaking Real Estate News, foreclosures, harris real estate university, national association of realtors, realtor coaching, reo-foreclosure

This is the single biggest story we have shared with you on this site…maybe ever. Watch this 60 minutes news story to learn what is coming next for the housing industry. If this story is any indication of wide spread fraud perpetrated by the major mortgage servicers we are about to enter into a whole new level of housing industry pain. NOTE: This story is NOT about the Robo-signer issue…this is a whole new problem. The states AGs settlements with the banks is NOT over this issue. If there was a question about whether we’re headed for a second housing […] Click Here To View More

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Taking a closer look at the realities of all the government foreclosure prevention programs sheds light on how off the mark they have been. For the record, at the time ALL of these programs were celebrated as a possible solution to the housing crash. Sure, in hindsight its all too easy to be cynical about the Obama Administrations various programs, acts, guidelines…not to mention the literally dozens of new acronyms we have all had to learn. (HAMP, HAFA, PRA, HARP etc etc) Here are the hard facts from the NYT and Corelogic: Congress set aside $50 billion for foreclosure prevention, […] Click Here To View More

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The big question is…..are we in a real estate double dip? In other words, are real estate values falling again…or are the leveling off? Obviously, there must be a leveling off of depreciation before we can ever even think about a recovery. Here is a great CNBC video that paints a very clear picture of what is coming next for our industry. Watch this and let us know if you agree or disagree with this presenters predictions. What is happening in your market? Click Here To View More

Breaking Real Estate News, Coaching & Training, Distressed Property News, Market Conditions, National Real Estate News & Comment, Predictions, Real Estate, Real Estate Advice, Real Estate Coaching & Market News#1 real estate coach, #1 realtor coach, 2011 real estate predictions, bank of america short sale, bpo assignments, bpo forms, Breaking Real Estate News, distressed property designation, fannie mae, Federal Reserve System, foreclosures, HREU, national association of realtors, real estate, Tim & Julie Present

Who can YOU trust for correct home sales data? Its widely believed that the severity of this housing crash has been greatly UNDER-reported. The NAR is working on correcting their home sales data reports. We expect NAR to revise downward home sales data this summer. The question remains, how bad is it…and when will housing truly hit bottom? Only after we have hit bottom can we be hopeful for any sort of turn around or recovery. Its not inconceivable that it will take at least 7-10 years before there is any sort of ending to the home value depreciation. Watch […] Click Here To View More

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