Look at the above chart!! Absolutely amazing but WHERE are the REOs?

The Santa Rosa Chapter of Realtors Presents:

Strategies and Questions On Short-Sales--All*Star Panel

When: Tuesday July 7^th 8:30am to 10:00am--This is taking the place of our regularly held Marketing Breakfast Meeting, however, will we DO Broker's Open Houses!

Cost: $7.00 An unbelievable Deal!!

Where:Jockey Club,1350 Bennett Valley Road (ne corner of the big Fair Grounds parking lot across from the East entrance)corner of Bennett Valley road and Cooper Road

What: Short-Sale panel to discuss the process of successful short-sales, lender requirements, underwriting Title Issues and to answer many questions by all concerned Realtor/Agents

Why:The Mortage Bankers Association, tracking 45,000,000 loans found almost 4,000,000 either IN forclosure or now technically in default. With these numbers there is NO WAY the lenders are going to foreclose on ALL of these so the Short-Sale will be coming into it's own. Find out how you can professionally and with a high standard of practice, represent the Short-Sale seller. They need are help but you must know how to work them RIGHT! Come join us!

Panelists:

• • • Jeremy Olsan,NorBAR Chief Counsel-Legal Pitfalls of Short-Sales-what to avoid.
    • Brian Hurley,VP Stewart Title-underwriting guidelines, issues with lender requirements on Short-Sales
    • Sam Bedros Short Sale Manager, Wachovia Mortgage, FSB
      Sonoma County representative-What Wachovia see for the future of short-sales and how they are working through them-working with the lender in the deal
    • Three Realtors now working with Short-Sales successfully:
    • Brenda Alarcon-CPS Properties
    • Juan Barretto-RE/MAX Central Santa Rosa
    • Shaun Hermosillo-Keller Williams Realty

Should be a great panel with many, many questions answered on processing a Short-Sale.

I've posted the link to my latest "Spring Market Update" below.

>http://www.youtube.com/watch?v=qyEvOT5K7No

We've put together an All*Star group of advisors ready to assist you in realizing your goal of purchasing a home in this Historic Buyers market!! We have two CPA's, An attorney and a lender who will qualify you right on the spot to buy the home you have desired! Here's a breakdown of our schedule:

Where: The Finley Center on College Avenue (just before Marlow on the left hand side!)--Everett Pearson Theater PRE-REGISTRATION A MUST!!

When: May 2nd, This Saturday, 9:00am to Noon

What: Home Buyer AND Seller Seminar--you will discover:

• Best way to write an REO/Foreclosure property offer!
• Is this a Buyers or Seller's Market?
• Exploring and Understanding the Tax Credits: $8,000 for the Federal, $10,000 for the State on New Construction--Explained by TWO CPA's of the firm of Pisenti Brinker! Plus Tax Deferred Exchanges, Rent vs. own! In terms you can UNDERSTAND!
• Prospect Mortage--Mr. Pete Phillippe will qualify you on the spot and explain the pitfalls of loans in today's supercharged financial world with super low interest rates!
• Janne O'Neil--Wills andTrusts--How to take title when buying a home. Boyfriend, Girlfriend buying? Non-Traditional relationships and how to protect all parties will be thoroughly explained!!
• Two Realtors (Allison Norman and Shaun Vice) will explain to you HOW to get through the maze of writing an offer when you have Multiple offer situations, Bank Owned properties, REO agents and finicky Lenders!! Learn from two agents who are doing this day-in and day-out and very successfully!!

To Register for the Seminar you must either go online to our Registration site: http://www.HomeBuyerSellerSeminar.com or call our toll free number: 888-207-7241 and Enter Ext: 3006

Here's a You-Tube annoucement which I recorded explaining more details. Hope to see yo all there!! Brign a guest and recieve a free "Starbucks" card!! Please let us know at the time of registration!! http://www.youtube.com/watch?v=h_lfYx_HpQY

Ive had the recent displeasure of having a listing "hijacked" while posted on Craigs list. The listing, taken over by a mortgage broker, which means they "bounced" me off craigslist to do it, was then copied and re-posted under their mortgage company. Flattering but since it was a Countrywide REO NOT good for MY public relations with Countrywide!! Worse yet is the following scenario:

REO agent, one who has many, many listings in this vein, had a call from 5 really ticked off "accidental" tenants! One of his out of the way REO listings had been hijacked off of Craigs List and re-posted as a "rental" at a deep, dark discounted rental rate! It needed to be rented out THIS WEEKEND!! as the landlord was leaving for an extended trip overseas (to Nigeria no doubt!!) and needed to rent it this weekend, hence the cheap rent!

He then met these 4 NEW tenants, took first, last, security deposits from each, and said meet me back here on the following Monday at noon to move in! He also needed either cashiers checks or cash as he had not settled in with a new bank in his future destination! Yup! So come Monday this agent gets calls, his sign NOW being put back up, from these irrate tenants all who showed up on the same day, same time, same bat channel!! (that's a reference to an ancient camp TV comedy of the sixites for you genx/y's!--have your parents explain it to you!). Suffice it to say NO ONE went away happy with one guy REFUSING TO LEAVE!! Got pretty ugly!!

Any other dark frauds out their in internet land one feels they would like to share with fellow AR's!!??