Palm Springs, California Real Estate: Now Is the Best Time to Buy

January 14th, 2012 by Bank Loan | No Comments | Filed in Forex

La Quinta, CA (PRWEB) September 29, 2011

Brad Schmett, Broker Associate with Luxury Homes by Keller Williams and real estate expert, has announced today that there is no better time to purchase Palm Springs real estate. Palm Springs, CA real estate is more available and more desirable than ever before, and a unique combination of factors has combined to make this the most opportune time to buy.

Brad is an expert in Palm Springs real estate, helping sellers ensure their property is positioned to sell, and ensuring that home buyers are able to make the most of their investment. Through his many years of service, Schmett has honed his expertise and created a reputation for providing the highest level of service possible.

According to Schmett, A rare combination of economic, financial and local real estate market conditions has created a near perfect storm-like scenario that has set the stage for an incredible residential real estate buying opportunity for properties in Palm Springs, La Quinta and the surrounding desert cities.

These factors include the lowest prices in over a decade for Palm Springs and La Quinta real estate, as well as a higher than normal level of attractive property inventory. Home buyers and investors now have more options than ever before in the Palm Springs luxury real estate market. Combined with historic lows on mortgage interest rates, these factors make for more than simply an appealing market for buyers it creates a situation rarely seen before.

Schmett urges, We may never see the likes of this type of buying opportunity in our lifetimes again. Thats certainly true. As the real estate market corrects itself, these conditions will disappear. The price-value proposition here in the Palm Springs area is extremely attractive for buyers. As a general rule, prices have been rolled-back to 1999-2002 price levels and property inventory levels are higher than normal with an abundance of quality homes and condos available. On top of that, buyers who want to create leverage by borrowing can take advantage of historically low interest rates, Schmett states.

Already, international buyers are snatching up available Palm Springs homes for sale. The exchange rate for Canadian buyers in particular is extremely attractive. Brad Schmett notes, For the past few years, astute Canadian buyers have been the beneficiaries of our buyers market. With market conditions even more opportune than before, I feel this Canadian buying frenzy will continue to grow.

To find out more about investing in Palm Springs, California real estate visit http://www.LaQuintaRealEstateInfo.com.

About Luxury Homes by Keller Williams: Luxury Homes by Keller Williams is an exclusive, elite and sophisticated group of real estate consultants raising the bar for service in the upper-tier residential real estate market.

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Chinese Real Estate Collapse Will Hit America Hard, According to Influential Newsletter Profit Confidential

December 15th, 2011 by Bank Loan | No Comments | Filed in News

New York, NY (PRWEB) November 23, 2011

Profit Confidential, a leading and popular financial e-letter, says that America will be hit hard if Chinese real estate collapses.

Michael Lombardi, the leading Profit Confidential contributor, says that, Falling Chinese real estate prices are becoming a big concern and the after-effects could reach America.

Sixty-six million people live in Beijing, Shanghai, Guangzhou and Shenzhen, and these four big cities are seeing the prices of homes softening. Chinese real estate prices could fall as much as 20% to 30% next year in these cities, according to a story in Beijing Business Today.

Lombardi says, As you may recall, the Chinese government, fearing speculation in the Chinese real estate market, raised home down-payment requirements and mortgage rates in April to cool the housing market. Profit Confidential states that these steps may have gone too far, cooling the Chinese real estate market too quickly.

As Chinas economy has grown so fast, as the country has become a big world buyer of materials related to home building, materials companies have looked at exports to China as an offset to the pathetic American new home construction market.

A slowdown in the Chinese real estate market would have severe global ramifications, possibly causing more damage to the U.S. economy than the eurozone crisis. Profit Confidential is monitoring this developing story closely for its readers.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it begged its readers to get out of the housing market…before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporations free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardis current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.





china housing crisis

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Types of deals that make up the real estate investor’s landscape today.

November 15th, 2011 by Bank Loan | No Comments | Filed in Bank

Types of deals that make up the real estate investor’s landscape today.

Article by Svein Groem

In this edition we’ll focus on defining and understanding what types of deals make up the real estate investor’s landscape, how to recognize them, and how to put money in your pocket from them.Here is the list, in no particular order…1) Free and Clear–>This is a property that has no underlying loans. That is,the seller owns it “free and clear” of mortgage liens. These properties possessthe widest latitude of exit strategy (once I’m in, how do I get out). Normally, the greatest profits are derived from purchasing the property with sellerfinancing (below) and then rent forever, or to sell on a wraparound mortgage(below) with a long term.Pros: About 33% of the properties in the US are owned free and clear.Cons: Sellers are typically not motivated and the properties are older and requiresubstantial monies to refresh. Marketing expenses can be higher on these deals,because the sellers are generally not motivated.2) Seller Financing–>These deals should be on the top of your Most Wantedlist. The idea is to buy the property and have the seller become the bank, whereby you pay them regular loan payments, with terms created and agreedto by both parties. High Equity properties or Free and Clear properties are perfect for the potential of seller financing. The title of the property would be inthe buyers name, with a mortgage held by the seller.Pros: You can buy with seller financing and you can also sell with owner financing,on the same property. It is possible to get very low interest rates when buyingand then sell at above prevailing interest rates.Cons: Sellers are typically not motivated and the properties are older and requiresubstantial monies to refresh. 3) Subject-To–>These deals should be near the top of your Most Wantedlist. The idea is to buy the property from a seller, whereby the loan stays in the seller’s name and the title to the property goes in your name. You make the underlying loan payments to the banks. These deals make it possiblefor you get keep the house yourself (to live in), to re-sell it to a new buyer usinga wraparound mortgage (below), or to assign (below) the deal to a third party. Pros: In a nutshell, you end up with a property with all of the benefits and withnone of the legal responsibility. These deals are for sellers who can’t sell and buyers who can’t buy. There are literally millions of potential deals now. Youcan rent these, sell them on a wrap, or assign to a third party buyer. Cons: Sellers need to be motivated and third-party buyers need assignment fee cash.4) MPO/MAO–>The Maximum Profitable Offer or The Maximum AllowableOffer represents the maximum amount that an investor should offer on a property.The offer varies greatly if the property is to be purchased for a flip or a rental.The offer should include all costs associated with the transaction.Pros: The MPO is a very powerful concept, in that it allows the investor toinclude a “safety cushion” of profit for when things go awry. We builtWhat2Offer to determine Kick-Butt offers in seconds, on most any property situation. Try it NOW for a FREE TRIAL. Cons: Accurate numbers are difficult to determine without underlying program.5) Wholesale–>Wholesale means that the price is below the full value (Retail),such that a savvy real estate investor would buy the property. The idea is to buy at Wholesale, fix and then sell at Retail. The other option is to buy at wholesale and then pass the deal onto another party for a fee (Assignment). Pros: Most true wholesale deals are easy to pass on to third parties. Cons: Significant discounts are needed for the wholesaler and the retailerto make a profit, so deals are more scarce.6) Assignment–>An assignment occurs when you pass a deal onto a third party. For example, you send out marketing and the seller contacts you. After some back and forth, you strike up a deal with the seller and then both parties signthe purchase contract. You then assign this deal to a new buyer. In so doing,you have assigned the contract and a fee can be collected.Pros: Literally thousands, if not millions, of buyers in the Subject-To endbuyer population pool. Additionally there are lots of cash buyers as third party investor buyers. Cons: Assignment fees come out of the total profit in the deal.7) Retail–>This involves selling at “full market value.” The idea would be tobuy properties at wholesale and then sell (after fixing?) at retail. From the old adage buy “low” and sell “high.”Pros: Selling at Retail CAN produce larger profit spreads.Cons: The selling risk is also the high, because you are trying to sellto picky retail buyers.8) Exit Strategy–>This is your strategy on what you are going to do with a property after you purchase it. A good real estate business model hasat least 3 strategies: Deals that provide money fast; Deals that providebig payoffs; and deals that provide for retirement income. Fast Payday Strategya) Assign your contract for a fee without taking title.b) Take title for only minutes until you re-sell.c) All cash deals where any underlying loan is paid off.”Subject To” deals where the underlying loan is not paid off.Big Payday Strategya) Get ownership and free equity without using your own cash or getting a bank loan.Then, sell to an owner occupant with the intent to cash out now or within 6 months.b) Buy bank owned properties for pennies on the dollar.c) Buy free equity “subject to” existing loans.d) Create free equity by discounting or short selling (below) the 2nd mortgage and taking over the 1st “subject to.”Retirement (Long Term) Strategya) Buy or finance properties with 15 year or less amortizations then rent until you pay them off. i) Buy “subject to” an existing 15 year amortizing loan (example 9 years left) and rent until free and clear. ii) Buy free and clear houses and structure paying seller’s on a 10-15 year amortizing loan and never sell, rent until paid off.Wrap–> A “wrap” is NOT a sandwich! It is short for wraparound mortgage.The basic idea is that a wrap mortgage “wraps” up the underlying mortgagesinto a new wrap loan. The creator of the wrap normally suggests the loan terms,the interest rate, and the principle amount. For example, if a property worth0,000 had a first of 0,000 at 5%, payable to some bank. A wrap loancan be made for 0,000 at 7% interest. The underlying loan is made to the bank and and the new wrap note is paid to the seller. Flip–>This is the term for quickly turning over a property from a sellerto a new end buyer, with a short amount of hold time. This is the oppositenotion of the long term hold investor.Hold–>The amount of time required to complete a property transaction.For fix and flip deals, it is normally in the range of 150-180 days.Short Sale/Foreclosure–> A complicated, pain-in-the-butt legal process, in which investors may still be able to get good deals. Foreclosure laws vary significantly by State–so learn your local laws. Below is a working glossary of the terms and meanings of this venue.

DELINQUENCY: The day after a payment is due, a loan is DELINQUENT. For example, if the grace period runs until the 16th of each month (as it does for most conventional and FHA loans) payments made from the 17th to the end of the month results in the loan actually becoming DELINQUENT for a short period each month.DEFAULT: A loan is IN DEFAULT as soon as any payment has been due and unpaid for more than 30 days. Lenders normally have collections departments established to handle owner’s of loans in different stages of default.FORECLOSURE: The legal process by which a lien holder repossesses a property.FORECLOSING ATTORNEY: Attorney representing the foreclosing lender. A knowledgeable attorney can be a great asset in getting short sales through the system.NOTICE OF ELECTION AND DEMAND (NOD or NED):This is the result of legal action taken on behalf of the lien holder. This notice serves to inform the borrower and the public that their property has entered the foreclosure process and will be sold at an auction at some specified date (about 110 to 120 days henceforth). Foreclosure lists are normally generated from “NOD” lists.PUBLIC TRUSTEE: My state has a third party representative in between the lender and the borrower (and the public) in a deed of trust state. They conduct the public aspects of the foreclosure process. After the NOD (also commonly called NED) is filed, the homeowner generally has to work through the appropriate county public trustee to work on their loans. Each county has a Public Trustee’s office whose charter is to notify the public and, receive cure payments, and to conduct auctions. Most states do not have public trustees.CURE: An amount of money determined by the bank and the bank’s attorneys needed to pay all arrearages on the delinquent loan. Successful curing will result in a withdrawn NOD, and a re-instated mortgage.AUCTION: A foreclosure sale. An auction is the public sale of a mortgaged property, following foreclosure of the loan secured by the property. In today’s market, it’s typically the 1st lien holder who promulgates the typical auction and ends up with the property.and now some key Bank Personnel/Terms :SERVICING COMPANY: Most entities that we think of as “banks” or “lenders” are actually service providers, that are servicing a loan for some third party. The actual lien holder could be a group of investors (Wall Street) or even a country. Short sales are typically transacted through the service provider.DATA COLLECTOR: Level one person at a servicing company (bank). After a short sale package and offer has been sent in, their responsibility is to ensure that all of the short sale documents are appropriate. They forward the package to the assigned mitigator for determination. These people can be the most challenging people to interface with through the entire transaction.LOSS MITIGATOR: Level two person at a servicing company (bank). After a short sale package and offer has been sent in, they “mitigate” the bank’s loss by following a set of mathematical computations (internal to the bank). Most of the time, a loss mitigator has approval authority of a short sale offer. Sometimes the losses are sufficiently large that the short sale approval process may involve the management chain as well as the investor.And finally some Bank Workout Options:These service providers have more options than just short sales. Below are a list of the more common options and their relative meanings:Reinstatement–Catch-up on late payments and bring the loan current–can also be called a “Cure.”Forbearance–Take the total of the arrearages and divide this number by six or twelve months. Homeowner has to be able to pay this amount monthly PLUS their regular monthly payments. Low probability of success, and bank’s do not favor these.Loan Modification–Basically a “re-casting” of the loan. The bank reps will take the total of the arrearages and pile it on to the principle (the bank can even alter interest rates). Homeowner must qualify for this option. Sometimes the bank will discount the interest rate and even the principle balance. Currently there is over a 50% default rate on modifications that are zero to eight months old.Short Sale–The bank takes less than what is owed. The lien holder may seek monies owed.Deed in Lieu–Sign over deed and give keys to bank and walk away. Junior liens normally kill this option. This option is sometimes called “Cash for Keys.”Foreclosure–A repossession of the property by the lien holder (1st normally). These properties are known as REOs (Real Estate Owned).To Your Success,Tom & SveinWhat2Offerdotcom

PS: Remember, What2Offer is more than just the most powerful and easy-to-useoffering software on the planet. It is an entire community of Training Videos, Live Calls,Tips & Tricks, and our wisdom of over 300 completed deals.AND it comes with a free trial

Tom Farwell and Svein Groem are the owners of What2Offer? , the powerful web-based real estate investor software which will help you create kick-butt real estate offers in seconds. Everything starts with a powerful offering system. Without it, it’s impossible to be a successful real estate investor. Our software is available for a free trial on our website. Check us out at http://www.what2offer.com.










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New Real Estate Service — Off Plan Property Listed in Multi Currency

October 13th, 2011 by Bank Loan | No Comments | Filed in Forex

(PRWEB) January 29, 2008

Off Plan Property Exchange, the Off Plan Property Investments website, has announced a significant enhancement that automatically converts real estate prices to the currency of the viewer. The website allows property developers, real estate agents and individuals to easily advertise their preconstruction real estate for sale across the globe reaching thousands of property investors.

The new service feature is an enhancement to the existing property listing service, and is available free of charge. Property developers, real estate agents, property clubs and property investors can all list their off plan property for sale in the currency of the location in which the development is built. The website converts the real estate pricing into the currency of the viewer, enhancing the user experience and easing the buying process.

For example: A property developer in Chicago would list properties for sale in US Dollars on the http://www.offplanpropertyexchange.com site. Property investors in the UK viewing the Chicago lreal estate listing will see the purchase price listed in both US Dollars and Pounds Sterling. Investors in France, Germany, Spain, Italy and across the European Union will automatically see the Chicago property listed in both US Dollars and Euros.

“The response to the site has been exceptional; we hadn’t scheduled to develop international markets until early 2009.’ says Stuart Atkinson, a project manager of the Company. ‘We have reacted to demand by not only offering international real estate, but also enhancing the user experience. Feed back we have received from some of the worlds largest property developers prompted us to introduce the multi currency service now”.

“This is a service that international property developers have been asking for and really appreciate. Converting listings from one currency to another can be a pain for property investors looking to buy abroad. Our enhanced currency conversion service removes that problem”.

Off Plan Property Exchange is a unique service operating in the pre-construction, new build property sector. It provides a cost effective advertising service to real estate developers, real estate agents, property investment clubs and individual property investors, who create and manage their own listings. Prospective purchasers make direct contact with the seller by email or phone.

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Increase in domestic real estate sales to international buyers via online services.

October 5th, 2011 by Bank Loan | No Comments | Filed in Forex

(PRWEB) April 8, 2004 -

? Like Paris, Tokyo, London and Hong Kong, New York City is renowned as having some of the most expensive real estate in the world. However, the dollar?s recent decline versus most major currencies and with interest rates near a 40 year low, New York City stands apart as being more attractive than ever to foreign investors. Taking advantage of favorable interest and exchange rates is not a new phenomenon. What is new is the ability to leverage the Internet to connect property buyers from abroad with local brokers through such services as CityRealty.com.

In the past six months, while apartment prices in New York City have not fallen, favorable exchange rates have made them far more attractive to international buyers. With the decline of the US dollar around the world, the relative cost of a Manhattan apartment have dropped by as much as 20-30% for foreign buyers. In the past, few people could take advantage of this due to the time and travel required to search for an apartment to buy. However, with internet based services like CityRealty.com, foreign investors can meet broker-specialists, discuss their real estate needs, and even view apartment photographs and floor plan before they even set foot on a plane. ?CityRealty has seen a 30% increase in international visitors and registrations in the first quarter of 2004. And with 100 new registrants every day, it is substantial.? Says Daniel Levy ? President of CityRealty.com.

CityRealty is a networked real estate service that has leveraged the Internet to connect apartment buyers with experienced brokers who specialize in specific areas and types of apartments. ?We have been seeing a marked increase in international buyers in the past six months who we are able to connect to a broker who understands their unique needs, tastes, likes and dislikes before they even arrive in Manhattan. Before, buying an apartment in Manhattan meant staying in a hotel for several weeks while hunting for an apartment. Now, most of that work can be done from their home country. We make it easier to buy an apartment while living in another city or country, and create a very positive buying experience when they arrive.? Says Mr. Levy.

Together with favorable exchange rates and low interest rates, CityRealty.com is helping change the way people buy property in New York City. This has been accomplished by creating a network that crosses over international borders and that provides an inside track to the complex New York City real estate market.

Since its inception in 1995, CityRealty has steadily grown into one of the largest and most popular websites for New York City residential real estate. It has created a marketplace for New York City real estate, and an exchange that connects consumers with brokers to help them easily and efficiently buy, sell and rent New York City property. A re-design is scheduled to launch in April, indicative of their efforts to continually respond to the needs of their members and create a truly user-friendly experience for buyers and sellers of Manhattan real estate.



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5 Tips on Buying Home Foreclosures for Real Estate Rookies

September 28th, 2011 by Bank Loan | No Comments | Filed in Loans

Pensacola, FL (PRWEB) March 23, 2010

According to Cherylyn Stopler Real Estate, January brought a ray of hope for many U.S. homeowners when home foreclosures dropped by 10 percent compared to December 2009. However, that?s still 15 percent higher than January of the previous year ? and Florida remains one of the leading states for home foreclosures.

That means for first-time home buyers and aspiring real estate investors there are still many opportunities to purchase home foreclosures at incredible prices. However, there are many pitfalls first-time buyers need to be aware of when navigating the home foreclosures market.

1. Find a Realtor who specializes in foreclosures. Real estate agents experienced at selling foreclosed and short sale properties, and who work with a variety of banks and mortgage companies who have real estate owned (REO) properties, are an excellent resource for getting the right foreclosure for the right buyer at the best price.

2. Do a title search. If you plan to go it alone, make sure you do your due diligence. A title search will reveal any liens against your prospective foreclosure, such as if a second mortgage was taken out against it or whether other debtors are lying in wait. If you use a Realtor, make sure they?ve also done this groundwork for you.

3. Seek the assistance of a real estate auctioneer. These open-cry auctions (meaning you shout out your bids) are proven methods of buying real estate. Foreclosed properties sold at auction are routinely offered by banks or mortgage companies after the foreclosure process is complete. An experienced licensed auctioneer, can help a first-time homebuyer, an experienced homeowner, or an investor make sense of the real estate auction process and gain a significant advantage in the realty market.

4. Have a renovation fund ready. In many cases, foreclosed homes may not be in the best condition. Sometimes it?s due to owners not being able to afford to maintain the home; or, at the worse, disgruntled home owners may damage the property before they?re forced to leave. If you?re planning on buying home foreclosures, you should have enough funds in reserve to tackle any necessary repairs or upgrades.

5. Know your market. The bank?s asking prices for a foreclosed home isn?t always final. There can be room for negotiation. Compare what similar home foreclosures in your desired neighborhood are selling for and set your bid accordingly. Remember, however, that competition for home foreclosures is stiff, so make your best possible offer or that sweet real estate deal may slip away.

About Cherylyn Stopler

Cherylyn Stopler has been a million/multimillion dollar Pensacola real estate professional for 24 years, using her expertise to assist individuals and families to purchase or sell homes, and to invest in Pensacola foreclosures, residential properties, and commercial properties. Her professional designations include Broker-Associate, Accredited Buyers Representative (ABR), Certified Residential Specialist (CRS) and licensed Auctioneer.

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Clopton Capital Announces Expansion of Lending Base for Commercial Real Estate Loans, CMBS Loans and SBA Loans

September 17th, 2011 by Bank Loan | No Comments | Filed in Loans

Chicago, Illinois (PRWEB) September 11, 2011

Clopton Capital is a commercial lending company that provides capital nationwide for commercial real estate loans, CMBS loans, and SBA loans. The company focuses much of their capital resources on core property types, but also focuses on niche commercial loan products such as gas station loans and bridge financing.

Clopton Capital is announcing an expansion of its capital lending base that is available for commercial real estate loans, CMBS loans, and SBA loans for income producing commercial real estate nationwide. The capital expansion comes from long term efforts to constantly be adding capital resources and conduits from insitutional and private capital investment sources. “Clopton Capital places a huge emphasis on always looking for and establishing new resources to provide commercial real estate capital.” Explains Jake Clopton. “It is the most important resource that we can offer our clients. Having a constantly expanding capital base ensures that we will always be able to fullfil our borrowers needs.”

The capital resource our company recently added will allow Clopton Capital to lend a higher volume of commercial mortgages to nationwide property owners. “Our companies lending parameters are some of the most competitive in the industry and always will be.” Explains Matt Reed, a senior finance officer at Clopton Capital. “We ensure this by knowing and having every open source of capital at our disposal for our borrowers.” Clopton Capital has also recently added a significant CMBS loan outlet for stable commercial properties that meet CMBS requirements. This was also a result of the going effort to expand that capital lending resources available to the company.

Clopton Capital can be contacted at their website CloptonCapital.com or at 866.647.1650 during regular business hours central time. Their website contains more specific information about their commercial loan related products. Their web page specifically dedicated to Commercial real estate loans is http://cloptoncapital.com/commercialrealestateloans.html

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Open Door Auctions Introduces Innovative ?Stock Market for Real Estate? Concept

August 27th, 2011 by Bank Loan | No Comments | Filed in News

Irvine, CA (PRWEB) August 23, 2011

Open Door Auctions, Inc., a revolutionary way to buy and sell property quickly and effectively, is proving that long listings and excessive days on market are a thing of the past. Open Door Auctions is at the cutting edge of the flourishing home auctions business and reveals its stock market for real estate concept ? demonstrating that the auction model is a superior choice for today?s home sellers.

Open Door Auctions likens its concept to ?stock market for real estate??where pricing is deduced by the efficient markets theory and the law of supply and demand creates a meeting of the minds between buyers and sellers rather than the protracted, slow motion negotiation process. With the stock market, in a perfect world without insider trading, the price of a stock fluctuates as a result of the battle between supply and demand. When company news is good, everyone wants a piece of the action and the price begins to rise due to a scarcity of supply?not enough shares out there willing to be sold at the lower price. Likewise, when the outlook is bearish, shareholders can?t ?dump the dog stock fast enough,? to borrow a phrase from Gordon Gecko and the movie Wall Street.

?The whole world has been fixated on the stock market volatility lately,? said Jason Hartman, CEO of Open Door Auctions. ?The Open Door Auctions business model treats real estate like the stock market where volatility creates interest and price is set daily by supply and demand.?

The concept is brilliant in its simplicity: Price has little to do with value. Price brings people and people drive value?it?s a form of momentum investing. Open Door Auctions innovative auction methodology, along with the company?s marketing systems, allows the price to match what the property is worth quickly. By creating urgency the way Groupon does and emotional competition using an auction method, Open Door Auctions avoids the risks of selling for too little or potentially sabotaging a sale by listing at a price that?s too high. The seller always has the final say and is not obligated to accept a low offer.

Open Door Auctions platform is the Multiple Listing Service (MLS), a tool that was invented by the old-fashioned real estate industry more than a one hundred years ago and, though horribly under-utilized by the average broker, serves as the perfect online platform from which to launch the company?s real estate stock market concept.

Here?s how the average agent uses the MLS:

1. List a property for sale

2. Wait

3. Reduce the price continually as the seller becomes more desperate

Open Door Auctions turns the MLS into a de facto real estate stock market by taking the eons of time that traditional agents use to market a property and crams it into a two-week supercharged process where a property?s price changes nearly every day. This catapults it back to the top of the listings and draws new interest from a whole new set of buyers.

The business model is not an absolute auction where a homeowner is forced to sell the property. Under the terms of the agreement, the seller is free to reject any and all bids, which is the way it should be in a free capitalistic system. It should be noted that all bids solicited through the process are a true reflection of what the buying public thinks house is worth. This is likely to be the same price an old-fashioned real estate agent will arrive at, though the downside is that, since the traditional real estate model prevents agents from using the MLS like the stock market, it might take the average agent a year or longer to find that price. Open Door Auctions accomplishes this in just 14 days.

About Open Door Auctions, Inc.

Created by successful real estate innovator Jason Hartman in Orange County, California, Open Door Auctions, Inc. operates using a business model that is fundamentally different from every other traditional real estate agency in the marketplace. Open Door Auctions hosts auction-style open houses, offering interested buyers, investors, homeowners and real estate agents a more fruitful and exciting way to do business. Visit Open Door Auctions online or call 800-813-QUICK.

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Real estate lending chain is not only a development loan issue

August 9th, 2011 by Bank Loan | No Comments | Filed in Loans

Real estate lending chain is not only a development loan issue

Real estate lending chain is not only a development loan issue, include the top land bank loans, the following extended housing mortgage loans, money chain linking. Once one chain broken, it will form a very large risk. Experts believe that the Bank should strengthen the financial flows on the one hand, the timely adjustment of credit policy; on the other hand should strengthen loan concentration risk management, setting up a scientific management methods, the limit to prevent the loan risk in some areas, project, customer concentration. In the property market regulation measures, the future of Replica Watches real estate market trend became concerned about the HotSpot. Recently published report on the Bank of China’s 2010 current best China Banking concerns risk “survey, 72% of bankers chosen” real estate markets risks and risk awareness.

Most bankers said that although the Chinese real estate market prices fell sharply is unlikely, but sales decline will cause the industry boom indicator is depressed. In the long term, real estate credit risk continues to be non-controllable, but short-term risk must remain vigilant, especially real estate loans risk chain effects worthy of attention. Bankers on the real estate market risks of vigilance, the real estate credit in Bank business chain in occupies an important one. But property market regulation policy impact on the real estate credit? September 29, the new deal of the mortgage, compared to 17 April, many of the policies strictly. For banks, it is a “favorable”. Because the “combination of boxing,” the first buyers, regardless of the set-building area is 90 square meters, the first payment must be in more than 30%. Therefore, on mortgage loans, current mortgage policy makes mortgage risk not increased but reduced. The higher the proportion of first pay, the less risk of banks. In addition, most Bank canceled the first suite of  loan lending rate; for the second set of home loans, first pay a proportion of not less than 50% of the loan interest rate is not lower than the benchmark interest rate 1.1 times, makes commercial bank loan pricing bargaining capacity. In accordance with the relevant data, personal mortgage loans in the banks of the entire loan, share, as of 2010 at the end of June is 12.8%, this is the highest in recent years, while the commercial value of the loan rates and bad loans but always maintaining the momentum of the “double down”.

Director, Centre for central China banking, real estate guotianyong represents the credit risk of the current best banking concern, not only because of the real estate lending business are policy implications, is that many developers and buyers with real estate mortgage loan from the Bank to do sections, if mortgaged property devaluation, bad loans risk will increase. There are expert believes that currently, financing constraints, financing costs and marketing factors, real estate  developer financial leverage will face severe challenges. Although sufficient market liquidity, but due to the large number of developers, in addition to a developer, part of the small and medium-sized real estate developers and non-professional development enterprise capital chain prevailing fracture risk. Real estate credit risk by recessive autosomal dominant in may increase the Steering, the developer of repaying capacity begins to decline.

From a survey from the Bank, the Bank has 75% of the land bank loans are in the second half of 2009, after payment of the premium prices, developers have to cost more, the property market regulation brings uncertainty will enable commercial banks face greater future repayment risk reduction of pressure and the pledge. A bank executive staff reporters of a representative. He said: “we are very worried about the real estate loan risk chain stretch too tight, last may stretch break, so this industry risks we always maintain attention. In accordance with its terms, “this chain is not only a development loan issue, include the top land bank loans, the following extended housing mortgage loans, money chain linking. Once one chain broken, it will form  a very large risk. Development loans risk is that developer sales return reduction, higher interest rates, loan list system management, centralized management, cash flow will increase the risk of fracture. Bank loans in the real estate industry’s high concentration ratio, plus the Bank lending is not prudent behavior and leads to the temptation to which contains financial risk gradually. House prices to rise gradually produce real estate bubble, often leads to bad loans rates rise.

In order to grasp the real estate market fluctuations on commercial real estate loan quality, the CBRC conducted this year asked the commercial real estate loan pressure testing, analysis of different pressure scenarios of commercial real estate loan quality. Test results showed that if house prices fell by 30% and interest rates rose 108 basis points, the real estate industry of non-performing loan ratios will rise 2.2%, net profit declined by 20%. Although the industry on Bank mortgage stress testing, but if prices once dropped by more than 30%, Bank risks very obvious. In addition, banks and real estate related downstream industry loans, and credit business in General is not collateral,  but also for real estate, its risk and market volatility. Currently, under the influence of the real estate market regulation, commercial real estate loans have been significantly less. According to the data representation, 40% of the loan will expire at the end of this year, the developer has a certain financial pressure. In particular after the market control developers generally rising loan financing costs by 20%, the impact on developers profit considerably.

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Real estate lending chain is not only a development loan issue

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Sprokkit Launches Real Estate Website for The Goodlin Group

July 5th, 2011 by Bank Loan | No Comments | Filed in Loans

Los Angeles, CA (PRWEB) March 27, 2006

The new website for The Goodlin Group (http://www.goodlingroup.com) by Sprokkit (http://www.sprokkit.com) holds true to the firm?s trademark of mixing rich imagery and useful functionality to create dynamic, visually compelling websites that meet very real business needs. Based in Manhattan Beach, The Goodlin Group, a division of Platinum Capital Group, is a premier Mortgage Banking / Mortgage Brokerage firm serving Southern California?s upscale South Bay region.????

The website, available at http://www.goodlingroup.com, launches a Sprokkit-developed logo and branding for The Goodlin Group that uses the picturesque Manhattan Beach Pier as a visual handle. Visitors are welcomed to the site and introduced to The Goodlin Group brand with a rich multimedia movie that integrates music and visual images to showcase the incomparable South Bay lifestyle – a beautiful natural setting and stunning homes. In creating the professional video and photographs for the movie, Sprokkit hopped on board a helicopter to capture the South Bay from up high, adding perspective that can?t be captured from the ground alone.

Longtime Sprokkit client Ron Goodlin, the VP of Mortgage Banking at Platinum Capital Group and founder of The Goodlin Group states, “Sprokkit did an amazing job of turning my business objectives into beautiful branding, a powerful website, and effective marketing communications programs.”

The Goodlin Group website has a lot more to offer than just beauty though ? it serves as a hub of information for new and existing clients, a referral tool for key Real Estate Brokerage cross-promotions, and a resource for developing new partnerships. The website has a solid conceptual structure that makes it easy for visitors to quickly find what they are looking for while gaining a clear impression of what The Goodlin Group has to offer. Each page of the website reinforces The Goodlin Group?s dedication to building long-term relationships with their South Bay clients by serving as a trusted mortgage adviser guiding substantial real estate investments.

Sprokkit CEO Dr. Morgan J. Arnold states, “Building The Goodlin Group website was a very rewarding task, because from the very start, the client did not hesitate in trusting us with our creative decisions. We were given a wealth of information and what resulted was this sleek, sophisticated, yet user-friendly website that our whole design team is proud of. At Sprokkit, we are all about upping the ante – and with projects such as The Goodlin Group’s, we can’t help but strive harder to be the best at what we do.”

About Sprokkit

Based in downtown Los Angeles, Sprokkit provides comprehensive design, technology and marketing services for businesses across the nation. Design and marketing services include market research, brand identity, print design, website design, motion video, database development and marketing, and Internet marketing. Sprokkit offers advanced web-based technology services for custom web system development, shopping carts and e-commerce, and product suites geared to the restaurant, print and real estate industries.

About The Goodlin Group

Located in Manhattan Beach, California, The Goodlin Group is positioned to help homebuyers and homeowners with all of their real estate lending needs. Because The Goodlin Group offers both Mortgage Banking and Mortgage Brokerage services, they are able to provide their clients with the best possible real estate loans for any situation. The Goodlin Group acts as a long term mortgage advisor, helping their clients build wealth through real estate.

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