Company Presentation (click to view)
Thursday, July 23, 2009
Wednesday, July 22, 2009
More Biz in a Tough Market: Vote Yourself OFF the Island!
By Brian Hilliard/Realty Times, July 22, 2009
I was listening to one of my favorite speakers, Brian Tracy, the other day. He was talking about something that I think can really impact your business. According to a recent report he read, there really is only one main difference between people who are successful in life and those who are less so. As a matter of fact, this "secret" is so simple that you'll probably be embarrassed to hear it.
"Education," you might be thinking.
"Successful people have more formal education than their less successful counterparts?"
Not exactly, although I can see how you would think that. While education is certainly an important part of anyone's personal growth and development, the presence (or lack there of) of a formal education isn't the main determinant for success.
"All right, well what about money? Do successful people start off with more money than most people?"
Again, good point, but not the answer. Yes, money can make the road to success a whole lot easier, but there are countless examples of those people who literally started out with nothing, only to retire as millionaires later on in life.
Give up?
It turns out that one of the key differences between successful people and their less successful counterparts is the former's ability to take action.
In other words, successful people survey a situation, make a decision and then take some type of action that will move them forward. While the rest of the people spend their time on what Tracy calls, "Someday Island."
"Someday I'm going to make more money."
"Someday I'm going to lose a little weight."
"Someday I'm going to get serious about growing my business."
You see, the only thing stopping people from being more successful is their ability to do something – anything – to move forward right now.
So take your business as an example. What's holding you back from being as successful in it as you'd like?
"Well the real estate market is bad," you might say.
Ok. But there are certainly plenty of people buying and selling houses right now as we speak, so someone has to be making a living.
"Well, the economy is down. People are losing their jobs and don't have the money to make a move."
Okay, so the unemployment rate is in the 6-9% range. But doesn't that mean that the employment rate is in the 91-94% range as well?
You see, there's always a reason not to do something. But successful people look beyond "some day" and instead and do something right away to put them in the right direction.
Not sure what you can do to move your business forward right now? Read a book, pick up a CD, go to a seminar. There are plenty of great resources out there, and all of them can give you some insight on what you can do right now to get more business right away.
If you'd like some more ideas on how to get more business in today's tough market, just email info@agitoconsulting.com (Subject: Today's Tough Market), and we'll be sure to send out our free report right away.
But whatever you do, just do something to move your business forward. Because in a market as tough as this, "some day" is always one day too late.
Published: July 22, 2009
I was listening to one of my favorite speakers, Brian Tracy, the other day. He was talking about something that I think can really impact your business. According to a recent report he read, there really is only one main difference between people who are successful in life and those who are less so. As a matter of fact, this "secret" is so simple that you'll probably be embarrassed to hear it.
"Education," you might be thinking.
"Successful people have more formal education than their less successful counterparts?"
Not exactly, although I can see how you would think that. While education is certainly an important part of anyone's personal growth and development, the presence (or lack there of) of a formal education isn't the main determinant for success.
"All right, well what about money? Do successful people start off with more money than most people?"
Again, good point, but not the answer. Yes, money can make the road to success a whole lot easier, but there are countless examples of those people who literally started out with nothing, only to retire as millionaires later on in life.
Give up?
It turns out that one of the key differences between successful people and their less successful counterparts is the former's ability to take action.
In other words, successful people survey a situation, make a decision and then take some type of action that will move them forward. While the rest of the people spend their time on what Tracy calls, "Someday Island."
"Someday I'm going to make more money."
"Someday I'm going to lose a little weight."
"Someday I'm going to get serious about growing my business."
You see, the only thing stopping people from being more successful is their ability to do something – anything – to move forward right now.
So take your business as an example. What's holding you back from being as successful in it as you'd like?
"Well the real estate market is bad," you might say.
Ok. But there are certainly plenty of people buying and selling houses right now as we speak, so someone has to be making a living.
"Well, the economy is down. People are losing their jobs and don't have the money to make a move."
Okay, so the unemployment rate is in the 6-9% range. But doesn't that mean that the employment rate is in the 91-94% range as well?
You see, there's always a reason not to do something. But successful people look beyond "some day" and instead and do something right away to put them in the right direction.
Not sure what you can do to move your business forward right now? Read a book, pick up a CD, go to a seminar. There are plenty of great resources out there, and all of them can give you some insight on what you can do right now to get more business right away.
If you'd like some more ideas on how to get more business in today's tough market, just email info@agitoconsulting.com (Subject: Today's Tough Market), and we'll be sure to send out our free report right away.
But whatever you do, just do something to move your business forward. Because in a market as tough as this, "some day" is always one day too late.
Published: July 22, 2009
Tuesday, July 14, 2009
On Challenges.............
"If you fall....you get back up and do it again"....."I will achieve my goal"
Watch this video: http://vodpod.com/watch/1165857-walk-on-espn-video
Watch this video: http://vodpod.com/watch/1165857-walk-on-espn-video
Thursday, July 9, 2009
South Florida On Pace For 100,000 Foreclosures In 2009
Lenders have filed more than 52,000 foreclosures actions in South Florida in the first six months of the year, putting the tricounty region of Miami-Dade, Broward, and Palm Beach counties on pace for more than 100,000 filings in 2009, according to a new report from Condo Vultures® LLC.
By comparison, lenders filed about 38,000 foreclosures actions in the first six months of 2008 and more than 75,000 actions for the year. In 2007, banks filed nearly 8,000 actions in the first half of the year and more than 32,000 for the year, according to data from the Condo Vultures® Foreclosure Database™.
"South Florida foreclosure actions are on the rise by 33 percent this year," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures®. "If the pace continues through the second half of the year, South Florida will experience its greatest number of foreclosure actions in a generation."
As foreclosure filings mushroom at a pace of nearly 2,200 per week, the number of South Florida properties on the market for resale is falling at a pace of about 900 per week.
Consider that on July 6, there were about 78,000 single-family houses, condo units, and townhouses for resale in the tricounty area. On Nov. 24, 2008, there were nearly 108,000 properties for sale in South Florida, according to a Condo Vultures® report generated using Florida Association of Realtors data.
"Buyers are hungry for deeply discounted properties," Zalewski said. "Many of the residences that are, in fact, trading are transacting at discounts of more than 50 percent off of their historical high asking prices of 2006 and 2007. Most of these residences tend to priced under $250,000 and located in suburban areas that do not generally appeal to second-home buyers. "
Another factor contributing to the decreasing South Florida resale inventory even while the number of foreclosure filings is increasing is the lengthy legal process necessary before a lender can repossess a residence.
To repossess a South Florida residence, lenders normally anticipate a six month to nine month process that will cost between $40,000 and $80,000 per property. In addition to that, many lenders do not even file the initial foreclosure paperwork - known as a Lis Pendens or a Notice of Default - until a borrower is at least 90 days late on regularly scheduled mortgage payments.
Once a lender finally does repossess a property, the bank inherits the responsibility of settling up outstanding liens on the property that live on after the foreclosure, such as property taxes, past-due condo association maintenance fees, and open permits.
On a county-by-county basis through the first half of 2009, Broward County, where Fort Lauderdale and Hollywood Beach are located, has the highest number of foreclosure filings with 22,730, up 36 percent from 16,773 filings during the same period in 2008.
Palm Beach County, where Boca Raton and West Palm Beach are located, is second for foreclosure filings with 14,959 in 2009, up 37 percent from 10,917 filings in the first six months of 2008.
Miami-Dade County, where Miami Beach and Aventura are located, is third with 14,474 foreclosure filings between January and June 2009, up 40 percent from 10,368 filings in the first half of 2008.
4th Bulk Condo Deal Closes In Downtown Miami
A Miami Beach company headed by Jorge Mattos has purchased 21 units in the Marina Blue condominium tower in Downtown Miami for $5.69 million, or $196 per square foot, in an all-cash deal involving the project's former mezzanine lender, according to a new CondoVultures.com report.
Mattos is a business partner of Carlos Mattos who purchased 31 units for $6.1 million, or $203 per square foot, in mid-June at the 1060 Brickell condominium tower in Miami's Brickell Avenue financial district, according to a recent CondoVultures.com report.
A Carlos Mattos company is in position to own a 1.4-acre oceanfront property zoned for a high-rise condo tower in Sunny Isles Beach that is scheduled to be auctioned off in the next 60 days to the highest all-cash bidder at the Miami-Dade County Courthouse, according to a CondoVultures.com report.
All-Star Panel Set For Free First-Time Home Buyers Seminar
An all-star panel of South Florida experts is scheduled to discuss the "Dos and Don'ts" that every first-time home buyer should know when purchasing a deeply discounted residence at the upcoming Condo Vultures® seminar.
The panelists will be announced in the weeks leading up to the free event (registration is required) scheduled from 5:30 pm to 8 pm, July 28, at the Doubletree Grand Hotel in Greater Downtown Miami.
For more information, please contact John Fakler, executive editor of CondoVultures.com, at 800-750-0517 or by email at JFakler@condovultures.com.
Story by Peter Zalweski of Condo Vultures
By comparison, lenders filed about 38,000 foreclosures actions in the first six months of 2008 and more than 75,000 actions for the year. In 2007, banks filed nearly 8,000 actions in the first half of the year and more than 32,000 for the year, according to data from the Condo Vultures® Foreclosure Database™.
"South Florida foreclosure actions are on the rise by 33 percent this year," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures®. "If the pace continues through the second half of the year, South Florida will experience its greatest number of foreclosure actions in a generation."
As foreclosure filings mushroom at a pace of nearly 2,200 per week, the number of South Florida properties on the market for resale is falling at a pace of about 900 per week.
Consider that on July 6, there were about 78,000 single-family houses, condo units, and townhouses for resale in the tricounty area. On Nov. 24, 2008, there were nearly 108,000 properties for sale in South Florida, according to a Condo Vultures® report generated using Florida Association of Realtors data.
"Buyers are hungry for deeply discounted properties," Zalewski said. "Many of the residences that are, in fact, trading are transacting at discounts of more than 50 percent off of their historical high asking prices of 2006 and 2007. Most of these residences tend to priced under $250,000 and located in suburban areas that do not generally appeal to second-home buyers. "
Another factor contributing to the decreasing South Florida resale inventory even while the number of foreclosure filings is increasing is the lengthy legal process necessary before a lender can repossess a residence.
To repossess a South Florida residence, lenders normally anticipate a six month to nine month process that will cost between $40,000 and $80,000 per property. In addition to that, many lenders do not even file the initial foreclosure paperwork - known as a Lis Pendens or a Notice of Default - until a borrower is at least 90 days late on regularly scheduled mortgage payments.
Once a lender finally does repossess a property, the bank inherits the responsibility of settling up outstanding liens on the property that live on after the foreclosure, such as property taxes, past-due condo association maintenance fees, and open permits.
On a county-by-county basis through the first half of 2009, Broward County, where Fort Lauderdale and Hollywood Beach are located, has the highest number of foreclosure filings with 22,730, up 36 percent from 16,773 filings during the same period in 2008.
Palm Beach County, where Boca Raton and West Palm Beach are located, is second for foreclosure filings with 14,959 in 2009, up 37 percent from 10,917 filings in the first six months of 2008.
Miami-Dade County, where Miami Beach and Aventura are located, is third with 14,474 foreclosure filings between January and June 2009, up 40 percent from 10,368 filings in the first half of 2008.
4th Bulk Condo Deal Closes In Downtown Miami
A Miami Beach company headed by Jorge Mattos has purchased 21 units in the Marina Blue condominium tower in Downtown Miami for $5.69 million, or $196 per square foot, in an all-cash deal involving the project's former mezzanine lender, according to a new CondoVultures.com report.
Mattos is a business partner of Carlos Mattos who purchased 31 units for $6.1 million, or $203 per square foot, in mid-June at the 1060 Brickell condominium tower in Miami's Brickell Avenue financial district, according to a recent CondoVultures.com report.
A Carlos Mattos company is in position to own a 1.4-acre oceanfront property zoned for a high-rise condo tower in Sunny Isles Beach that is scheduled to be auctioned off in the next 60 days to the highest all-cash bidder at the Miami-Dade County Courthouse, according to a CondoVultures.com report.
All-Star Panel Set For Free First-Time Home Buyers Seminar
An all-star panel of South Florida experts is scheduled to discuss the "Dos and Don'ts" that every first-time home buyer should know when purchasing a deeply discounted residence at the upcoming Condo Vultures® seminar.
The panelists will be announced in the weeks leading up to the free event (registration is required) scheduled from 5:30 pm to 8 pm, July 28, at the Doubletree Grand Hotel in Greater Downtown Miami.
For more information, please contact John Fakler, executive editor of CondoVultures.com, at 800-750-0517 or by email at JFakler@condovultures.com.
Story by Peter Zalweski of Condo Vultures
Tuesday, July 7, 2009
Fannie Mae Confirms Short Sales Commissions Policy and Establishes Appeals Process
In discussions between NAR and Fannie Mae, Fannie Mae has reconfirmed its short sale commission policy and established a process for REALTORS® to follow if issues arise. On February 24, 2009, Fannie Mae sent Announcement 09-03 to its servicers instructing them not to negotiate commissions on short sales below the amount negotiated by the listing agent, unless the commission exceeds 6 percent. The Announcement reminded servicers that third party approvals (i.e., private mortgage insurers) may be required and can affect commissions. In response to concerns raised by NAR that some servicers of Fannie Mae loans are unaware of this policy or believe it is not binding, Fannie Mae has established a process for NAR members when short sale commission issues arise.
3 Easy Steps
Step 1: Determine whether the loan is owned or guaranteed by Fannie Mae. Only the holder of the loan is allowed to do this, so do so in the presence of your client or after obtaining their written permission.
Visit www.fanniemae.com/loanlookup, or
If you don't have convenient internet access,
call: 1-800-7FANNIE (8am to 9pm Eastern Time)
Step 2: If the servicer is unaware of or disagrees with the policy, provide a copy of Announcement 09-03 to the servicer and negotiate an appropriate commission based on the listing agreement (up to 6 percent).
Click here for Announcement 09-03
Step 3: Contact Fannie Mae if the dispute is not resolved directly with the servicer. Be prepared to provide the property address, name of owner, and Fannie Mae loan number (if available):
Call: 1-800-7FANNIE (8am to 9pm Eastern Time), or
Email: Resource_center@FannieMae.com.
Thank you to RAMB for providing this timely information.
3 Easy Steps
Step 1: Determine whether the loan is owned or guaranteed by Fannie Mae. Only the holder of the loan is allowed to do this, so do so in the presence of your client or after obtaining their written permission.
Visit www.fanniemae.com/loanlookup, or
If you don't have convenient internet access,
call: 1-800-7FANNIE (8am to 9pm Eastern Time)
Step 2: If the servicer is unaware of or disagrees with the policy, provide a copy of Announcement 09-03 to the servicer and negotiate an appropriate commission based on the listing agreement (up to 6 percent).
Click here for Announcement 09-03
Step 3: Contact Fannie Mae if the dispute is not resolved directly with the servicer. Be prepared to provide the property address, name of owner, and Fannie Mae loan number (if available):
Call: 1-800-7FANNIE (8am to 9pm Eastern Time), or
Email: Resource_center@FannieMae.com.
Thank you to RAMB for providing this timely information.
Monday, July 6, 2009
Wednesday, July 1, 2009
"Are we there yet?" What we should expect in the next two years, and how we got here.
Join us for this extremely important program....What you will learn.....
What Commercial Agents should expect in the next two years, and how we got here.
Where do you fit?
Note Sales
Bulk Sales
Guaranteed Lease Programs
REO Sales
Short Sales
Foreclosure
Bankruptcy assignments
The Importance of Asset Management
Conflicts
Getting paid in a litigious environment
To Register...GO TO: http://archive.constantcontact.com/fs091/1100745353195/archive/1102619980864.html
What Commercial Agents should expect in the next two years, and how we got here.
Where do you fit?
Note Sales
Bulk Sales
Guaranteed Lease Programs
REO Sales
Short Sales
Foreclosure
Bankruptcy assignments
The Importance of Asset Management
Conflicts
Getting paid in a litigious environment
To Register...GO TO: http://archive.constantcontact.com/fs091/1100745353195/archive/1102619980864.html
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