More great videos from Freddie Mac. (This is video 3 of 5, the others will be posted this week as they become available.) Hats off to Freddie Mac for creating these simple to understand and to the point videos. Agents, share these videos with all of your homeowners. Literally, copy and paste this post into your blog, tweet this URL, update all of your social networking status’s with this information. For you to truly be of service in this housing depression you must be willing to learn how to go beyond just listing and selling homes. The sad fact is […] Click Here To View More
Breaking Real Estate News, Coaching & Training, Distressed Property News – #1 real estate coach, 2011 real estate predictions, Breaking Real Estate News, distressed property designation, fannie mae, Federal Reserve System, lenders, national association of realtors, strategic foreclosure
Why are some HAFA Short Sales working…while others aren’t? Read on…. According to the Congressional Oversight Panel (the Troubled Asset Relief Program watchdog) thus far only $4.3 million has been used for HAFA..resulting in roughly 661 closed HAFA short sales since the program launched. (Download the latest HAFA forms here) Thats it…661 short sales have been approved as HAFA Short Sales. Pathetic results, I am sure you agree. The Treasury department is changing the HAFA eligibility requirements which may allow for a significant increase in HAFA Short Sales. Details: 1) HAFA is now almost..a NO DOC short sale. Servicers are no […] Click Here To View More
Breaking Real Estate News – #1 real estate coach, #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms training, distressed property designation, fannie mae, hafa forms, harris real estate university, HREU, lenders, national association of realtors, short sale, strategic foreclosure, tim and julie harris
Realtors, ready to learn how to make money now from social media…and mobile marketing? Many of you have requested a transcript to the most recent interview with Dan Hollings…Dan is well known for his innovative approaches to social networking and mobile media. If you would like to listen to the replay of the event….here is the audio replay. You can read the entire transcript here Also, check out the free Realtor Twitter training video. If you would like to read the complete transcript click here for the summary page or download the PDF: Abbruzzese15716-0910 Tim Harris: So literally, guys, and the software’s really […] Click Here To View More
Superstar Interviews – #1 realtor coach, bpo forms training, Breaking Real Estate News, fannie mae, foreclosure, foreclosure listings, freddie mac, hafa forms, harris real estate university, Harris Realtor Coaching, lenders, national association of realtors, reo-foreclosure, short sale, Superstar Interviews, tim harris
Great video and testimonial from Kevin Hall….. Hola Julie! I just got my first REO assignment! I am super excited about it and it came based on exactly how you taught me to go out and get it. I got it from the local Idaho version of FHA, which is IHFA. I called, I asked, I sent my info…and about 2 weeks later I got my first assignment! Awesome. Now, I’m jamming on calling any and all asset managers I can get an email address or phone number for and that’s working too! As I’ve learned, most of these asset […] Click Here To View More
Uncategorized – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms training, Breaking Real Estate News, fannie mae, Federal Reserve System, harris real estate university, Harris Realtor Coaching, housing market, HREU, Julie Realtor, lenders, reo-foreclosure, short sale, strategic foreclosure, tim and julie harris
The rent vs buy argument is going to heat again up over the next 6 months. Watch for the widely accepted interpretation of the ‘American Dream is owning your own home’ to be widely challenged as millions of families suffer through this real estate lead recession/ depression. Here is a great CNBC video where the debate of ‘owning vs. renting’ is played out.. Watch it and share your comments. Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, Diana Olick, foreclosures, harris real estate university, Harris Realtor Coaching, lenders, national association of realtors, reo-foreclosure, Tim Realtor, Videos
Stacy Marks is selling his home for less than he owes because he has to–he’s got a new job in Oregon and has to move. The house, bought new for $140,000 in 1998, is now on the market for $150,000, a gain of only $10,000 over 12 years. But as home values ballooned a few years back, he took out equity, and now he’s upside down. You can’t help feel for this guy and his family….and the millions of other folks experiencing the same thing. Agents, you CAN help. You CAN make a difference. Across the US lenders have agreed […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, foreclosures, harris real estate, harris real estate university, Harris Realtor Coaching, lenders, reo-foreclosure, tim harris, Videos
A look at the housing market in Stockton, Calif., the epicenter of the foreclosure crisis, with CNBC’s Jane Wells. Interesting CNBC video that takes a hard look at one of the worst hit housing markets in the US, Stockton California. The interesting aspect of this video is how they give specific details how the lenders are moving towards foreclosures as a true last resort. Their primary tool to fend off foreclosures…as we have been advocating for years (and years)….SHORT SALES! Agents, if you are finally ready to go beyond your very basic short sale training? Did that 2 day short […] Click Here To View More
Uncategorized – #1 realtor coach, foreclosures, harris real estate, harris real estate university, housing market, HREU, lenders, national association of realtors, reo-foreclosure
When will the banks start releasing their higher end REO Listings? There is no question that the banks have been sitting on their assets over $300,000. One of the biggest surges of upcoming REOs will be with the higher end properties. Check out this great article: With the expiration of the first-time buyer tax credit on April 30, there are now two main props keeping the housing market afloat. One is the growing percentage of home sales financed by Federal Housing Administration (FHA) loan guarantees. The other is the refusal of banks to put on the market foreclosed homes over […] Click Here To View More
Uncategorized – Breaking Real Estate News, foreclosures, housing market, lenders
Here is another great article that discusses the overall dynamics at play in the housing market. One of the big ongoing topics of discussion within the virtual halls of Tim and Julie Harris is what is going to happen next for housing. We are on record that there is a housing double dip taking place now. In other words, home prices in most major markets are again on a downward depreciation trend. Its been interesting to watch the banks foreclose on homes over $300,000 + and yet they aren’t listing them as REOs as fast as they are with homes […] Click Here To View More
Uncategorized – Breaking Real Estate News, harris real estate, housing market, lenders
Financing. Easy to get a couple years ago….now, not so much. Welcome to the next phase of Real Estates New Realities. Mortgages only for the truly qualified! A novel concept…. Remember not so long ago when the President(s) would announce that the national home ownership rate was at yet another…’all time high’. When was the last time you have heard anything even remotely promoting a ‘home ownership society’ coming out of the mouths of ANY politician? Seriously, find me one politician who is now overtly promoting the ‘home ownership society’. In our lifetimes housing will always be remembered as the […] Click Here To View More
Uncategorized – Breaking Real Estate News, lenders, national association of realtors
Many agents are just now learning what a real ‘full doc’ mortgage really entails…if you were licensed over the last 5-6 years chances are you have never had a buyer client forced to do a true full-doc loan. Those days are over. Now, the documentation required to get a mortgage loan is truly…FULL DOCUMENTATION. Fannie and Freddie are demanding that every aspect of a borrowers financial life be fully disclosed. Big picture, this is a great thing. Small short term picture…not so good. How many qualified buyers will decide not to even try to buy because of the real and […] Click Here To View More
Uncategorized – Breaking Real Estate News, lenders
In many conversations with Tim and Julie Harris students from across the US we are hearing the same thing… The housing market is very uncertain at best, down right scary at worst. Nationally, the housing markets are in one of those weird phases when you just know things will get crazy…you can almost smell the crazy in the air….you drive past vacant homes…you speak with homeowners who haven’t made their mortgage payments in months…you just know that something has to give. All of this perpetual extend and pretend has to come to and end… Here is what is happening over […] Click Here To View More
Uncategorized – Breaking Real Estate News, harris real estate, housing market, lenders
Sorry for the attention grabbing title for this article…of course, the surge towards short sales is just getting started… Great article from Bloomberg that lays down the hard facts about what banks have migrated towards short sales. Bottom line, banks lose less money doing a short sale vs a foreclosure that becomes a REO listing….. Homes in the foreclosure process sold at an average 27 percent discount in the first quarter as almost a third of all U.S. transactions involved properties in some stage of mortgage distress, according to RealtyTrac Inc. A total of 232,959 homes sold in the period […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, fannie mae, Federal Reserve System, foreclosure, harris real estate university, Harris Realtor Coaching, HREU, lenders, reo-foreclosure, tim harris
HREU Coaching students..please don’t be complacent about what is happening now and what will happen next in housing. I know that everyone is ready for this never ending stream of ‘bad housing news’ to end….believe me, we want nothing more for this housing crash to end. But, we must all agree that to do anything other than preparing for the worst while hoping for the best simply isn’t smart. Many of you were caught by surprise in late 07 when the markets crashed. Even more of you simply waited too long to adapt to this new housing market. Even today…we […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, foreclosure, harris real estate university, Harris Realtor Coaching, housing market, HREU, lenders, tim and julie harris
Realty Trac: Foreclosure activity by county Homeowners who owe more than their homes are worth account for just 25% of U.S. foreclosures. The rest of the foreclosures are caused by unemployment. Approximately one foreclosure occurs for every six to 10 jobs lost. Unemployment will drive high levels of foreclosure activity through the fourth quarter of 2010. A second wave of toxic loans is about to hit. Option ARMs — loans that gave borrowers the option to make low payments in the first months or years of the loan — will begin resetting to higher payments in high numbers this spring […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, foreclosure, foreclosures, freddie mac, harris real estate university, Harris Realtor Coaching, housing market, HREU, lenders, real estate, reo-foreclosure
Great (of course) update from Diana Olick: 1) Refis fell significantly. Why? homeowners simply can’t re-fi because they don’t qualify. Their incomes have dropped, their home values have depreciated etc. 2) FHA lending standards WILL be more stringent soon. We expect to see the FHA RAISE required downpayments by at least 1% over the next 12 months. 3) BoA is putting more fuel on the short sale fire. Expect other lenders to follow soon….bottom line, learn the new ways…the right ways to list and sell short sales. As we have been advocating since 2006…short sales are the solution. Watch the […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, Federal Reserve System, harris real estate university, lenders, national association of realtors, reo-foreclosure, Videos
One of the Big Challenges faced by millions of upside down California homeowners is…….will they face a deficiency judgment. In other words, after the home closes via a short sale…(deed in lieu…or foreclosure ) will the lender then pursue the former owner for the deficiency? Remember, deficiency judgments are also often packed full of the servicers added fees. Considering in central California alone, where the average loss (according to Wachovia) was $250,000 per home the total amount of the judgments could of easily been in the billions… Enter, California Association of Realtors. CAR introduced Senate Bill sb 1178 that will […] Click Here To View More
Uncategorized – Breaking Real Estate News, lenders
Tim and Julie Harris Potential Scam Alert! Many HREU Student’s forwarded this email to us…we are compelled to share this information with the entire real estate industry. If you received the following email….its been labeled as a potential scam: Attention, Nationwide REO Brokers: We are partnering up with a few Lenders to distribute pre approved Short sales and give them exclusively to our network. If you are receiving this notice you are already approved with us to do REO’s the new wave of REO’s are coming soon. In order for us to expand for these new challenges and be compatible […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, Federal Reserve System, foreclosure, harris real estate, harris real estate university, Harris Realtor Coaching, lenders
Here is part 7 of 9 of the historic Tim and Julie Harris, National Association of Realtors HAFA Guidelines teleconference: Tim Harris: Well, I know in Las Vegas where Julie and I live, every weekend you look on Craig’s List and you see a bunch of people that are having sort of garage sales at the soon to be vacant homes where they’re selling out virtually everything that’s sellable. So hopefully that type of thing is gonna come to an end. And this is worth mentioning, Jeff, ‘cause I think you and the National Association of Realtors, again, need recognition […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, Federal Reserve System, harris real estate, harris real estate university, Harris Realtor Coaching, lenders, national association of realtors, tim harris
Here is part 6 of 9….HREU and NAR HAFA Guidelines teleconference transcript: You can download all the HAFA forms here. Tim Harris: Okay, so again, Jeff’s right, I didn’t go over all the specifics of the procedures. It’s just because the procedures, really what they are is essentially the same exact process as it is now with a couple changes and with a couple different forms. Don’t be intimidated by this. Frankly, I think for a lot of you, especially those of you who have been doing short sales for a long time at a high level as I know […] Click Here To View More
Uncategorized – #1 realtor coach, Breaking Real Estate News, harris real estate, harris real estate university, Harris Realtor Coaching, HREU, lenders, national association of realtors, tim harris