Strange world we live in…especially if you are in the real estate industry. On one hand you have a housing shortage forming and on the other there are almost 20,000,000 underwater owners (when you count the near underwater owners) Clearly buyers are back. In many markets it actually feels like a good ole’ fashioned sellers market. The question is how can any sort of long term housing recovery be sustainable when there are literally 10s of millions of underwater owners? Talk about housing haves and have-nots! QUESTION: Why do 3% of the agents make 97% of the money? Answer: They are […] Click Here To View More
Agent Education, Breaking Real Estate News, Coaching & Training, Distressed Property News, Financing, Financing News, foreclosure, Foreclosure, REO, Short Sale News, Foreclosures, Market Conditions & Predictions – #1 real estate coach, #1 realtor coach, Breaking Real Estate News, distressed property designation, harris real estate university, HREU, national association of realtors, Washington
What will happen in the housing industry over the next 12 months? Even if the housing market picks up steam this year, that will prompt the “closet” inventory to enter the market — thus pushing prices lower, says veteran real-estate writer Lew Sichelman. We all know what the shadow inventory is…what the heck Lew thinks that the market will be flooded with even MORE homes for sale…as all the owners who have been sitting on the side lines put their homes for sale in anticipation of the housing bottom. Mortgage interest tax deduction is on the block. Will the housing […] Click Here To View More
Breaking Real Estate News, 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, bpo forms training, Federal Reserve System, HREU, national association of realtors, REO listing agent, strategic foreclosure, Washington
Here is the story of how the whole rob-signer foreclosure fiasco started… ……one man, one house…and one really strange foreclosure filing… Click Here To View More
Foreclosure, REO, Short Sale News – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms training, Breaking Real Estate News, fannie mae, Federal Reserve System, Financing, foreclosure gate, foreclosure listings, harris real estate university, short sale, Tim & Julie Present, tim and julie harris, Washington
As we have been predicting, the foreclosure moratorium that started with the robo-signer scandal is coming to an end. Expect the other major lenders to follow suit this week. Agents, are you are ready to learn how to (finally) become a REO listing agent? Listen to this FREE 90 minute how-to list REOs (and make money from BPOs) training event. Curtailing a moratorium sooner than expected, Bank of America announced Monday that it would resume foreclosures by next week in 23 states where court approval is needed to go ahead. The decision covers 102,000 mortgages. While the bank said it had […] Click Here To View More
Foreclosure, REO, Short Sale News – #1 realtor coach, 2011 real estate predictions, bank of america, bpo assignments, bpo forms, bpo forms training, Breaking Real Estate News, Federal Reserve System, foreclosure, foreclosure maratorium, reo-foreclosure, robo signers, short sale, Short Sale Training, Tim & Julie Present, tony robbins, Washington
Follow up on the whole robo-signers drama. Read this post for our opinion on what will come of this issue. (Not much) Forty attorneys general from around the country are considering launching an official investigation into foreclosure problems that have recently surfaced. Iowa Attorney General Tom Miller discusses the issue with CNB Click Here To View More
Foreclosure, REO, Short Sale News – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms, Breaking Real Estate News, fannie mae, Federal Reserve System, foreclosure listings, foreclosure moratorium, freddie mac, hafa forms, robo signers, short sale, Short Sale Training, Videos, Washington
Mortgage Bankers Association Strategically Defaults on their 79,000,000 mortgage. You may recall that the Mortgage Bankers Association did a strategic default on their headquarters in Washington DC last year. Yes, you read that right…they walked away. When the MBA’s own building depreciated they made the financial decision to walk away. OK, fair enough. Its not like they are alone in doing this. But, don’t ya think its a tad…ironic? Watch this John Stewart video (Its hilarious) The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Mortgage Bankers Association Strategic Default www.thedailyshow.com Daily Show Full Episodes Political Humor […] Click Here To View More
Financing News – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms, bpo forms training, Breaking Real Estate News, foreclosures, hafa forms, harris real estate, Harris Realtor Coaching, short sale, Videos, Washington
Hi, Last minute reminder… The *F-R-E-E* Agent REO Secrets teleconference is today…12nn pst, 1pm mnt, 2pm cnt, 3pm est. We have to limit the number of agents on this FREE webinar to 700. To be guaranteed your spot join us at least 10 minutes early…the preferred way to attend is on the webinar. (you can call in if you would like) Go here now for the call-in info. (or webinar) Important Link—> How-To List REOs NOW You will LOVE this call… Speak with you soon! Tim and Julie Harris Tim and Julie Harris P.S. This will sound strange…please don’t share […] Click Here To View More
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Robo-Signers scandal is going prime time… How serious of a problem has this become…huge. Sorting through this epic mess will take months…the average time someone stays in their home payment free is now nearly 500 days. (In some states its possible to stay in your home payment free for 2+ years). This robo-signer mess will extend delinquent owners ‘free stay’ for months and in some cases years. Click Here To View More
Foreclosure, REO, Short Sale News – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms, bpo forms training, Breaking Real Estate News, fannie mae, Federal Reserve System, foreclosure, foreclosure listings, harris real estate university, Harris Realtor Coaching, housing market, HREU, national association of realtors, reo-foreclosure, short sale, strategic foreclosure, Videos, Washington
Is it too late for Realtors to become REO listing agents? No way….not even close. Get this, there is currently nearly a 4 year supply of REO inventory….understand, that means literally millions of homes that will become REO listings. Read this article and then take action to become a REO listing agent. Watch the FREE Agent REO Secrets video and download the FREE How-To Do BPOs Book. Standard & Poor’s (S&P) defines this shadow inventory as outstanding properties whose borrowers are, or recently were 90 days or more delinquent on their mortgage payments; properties currently or recently in foreclosure; or […] Click Here To View More
Financing News – #1 realtor coach, 2011 real estate predictions, bpo assignments, bpo forms, bpo training, Breaking Real Estate News, fannie mae, Federal Reserve System, foreclosure listings, foreclosures, hafa forms, harris real estate university, Harris Realtor Coaching, housing market, reo-foreclosure, short sale, strategic foreclosure, Tim Realtor, Washington
The housing bottom many see in 2014 will not usher in a new boom; rather, it will merely mark the transition to a decade (or more) of stagnation. Take a wild stab at when housing will bottom, and you can find an analyst’s opinion to support your guess: one respected housing expert sees a bottom in six months, while equally experienced observers see a bottom in 2013, followed by a decade of slow improvement. If history echoes, as it tends to do, then the last mini-bubble, bust and aftermath offers us an instructional model of how housing bubbles play out. Why […] Click Here To View More
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Many of you have requested a transcript to the most recent interview with Dan Hollings… 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. Tim Harris: Good morning, and good afternoon. This is Tim Harris with the Tim and Julie Harris, and this is of course, the Friday Superstar Interview here with Tim and Julie Harris. So for those of you who are new to Tim and Julie Harris, or have just discovered us, what is the […] Click Here To View More
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Breaking Housing News! Out just this morning: RealtyTrac just reported that … The number of U.S. homes seized in foreclosure has SOARED 25% TO A NEW, ALL-TIME RECORD HIGH! * 1,200,000 REOs THIS YEAR alone * Nearly 400,000 owners received a NOD last month * We have reported that the banks are controlling the supply of housing by NOT filing the NODs. Remember, the NOD is the first step in a foreclosure. Why? Because they know the market will totally crater if they were to actually proceed on the reported 5,000,000 borrowers who are at least 60 days late! Agents, read […] Click Here To View More
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Realtors, watch this video. There is a heated debate that is just getting started about what should happen next for housing. Some believe that housing should be let to stand on its own (or fall)…..no more government involvement. In other words, free market free for all.. Others believe that the housing stimulus must continue..if the government completely pulls out there will be housing panic. Check this out and share your comments: Click Here To View More
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Debating whether there’s ever been a better time to buy a home, with CNBC’s Diana Olick; Spencer Rascoff, Zillow.com; and Susan Wachter, Wharton real estate professor. Click Here To View More
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Watch this video….its not all bad news for home values….a few notable bright spots around the US… Prices of U.S. single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor’s/Case Shiller home price indexes showed on Tuesday. The effects of buyer tax credits have largely filtered through and home prices will be hard-pressed to sustain these gains with unemployment still near 10 percent, economists agree. “This is the last hurrah for the tax credit,” said Gary Shilling, president of A. Gary […] Click Here To View More
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In case you missed it…last week was one of the worst week for housing data on record…… ….and this week will be a repeat. Agents, please be clear about what is happening now. This sea of ‘bad news’ is only truly bad for your real estate business if you are tied to the old ways of doing things. We are living in the midst of a massive historic shift for the real estate industry. Slowly the old real estate business models are dying out. As we discussed in the just released Tim and Julie Harris State of the Union education […] Click Here To View More
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Must watch video on the new Bank of America High Performance Out Reach Short Sale. Video 1 Click Here To View More
Uncategorized – #1 realtor coach, 2011 real estate predictions, bpo assignments, Breaking Real Estate News, fannie mae, Federal Reserve System, foreclosure listings, foreclosures, freddie mac, hafa forms, harris real estate university, Harris Realtor Coaching, housing market, Julie Realtor, reo-foreclosure, short sale, Short Sale Training, tim and julie harris, tim harris, Washington
In the past if the Fed wanted to spur economic activity they lowered the Fed lending rate. Now that mortgage interest rates are at a historic low (4.5% for a 30 year fixed rate!) the big question is… Why aren’t more homes being sold? Great video from CNBC that explains why low rates are not resulting in increasing home sales. Click Here To View More
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Interesting article by Jim Quinn…(I have asked for him to be a Superstar for an upcoming interview…) Here are the housing related excerpts: The man who has been right on housing for the last ten years has been Yale Professor Robert Shiller. His analysis of U.S. housing prices from 1890 until present, which he first published in 2005, unequivocally proved that we were in the midst of the greatest housing bubble in history. At the same time, David Lereah, the chief economist (shill) for the National Association of Realtors, was pronouncing it was the best time to buy. He published […] Click Here To View More
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What is the state of the housing recovery? A sharp drop in pending home sales for January is the latest in a string of reports calling into question the health of the housing recovery. The housing recovery is “in a precarious state,” says Robert Shiller, Yale professor, author and co-creator of the S&P Case-Shiller Index, taking a much more pessimistic view vs. his comments here last July. Shiller’s eponymous index, which has risen for seven straight months through December, “shows some weakening of the upward burst” from last year, but is still going up on a seasonally-adjusted basis, the professor […] Click Here To View More
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