Jan O'Brien - Real Estate Coach

Facebook Rolls Out Places - Do you know your privacy settings?

Facebook launched it's new feature "Places" where You can add places, check in to places that already exist, and tag people who are with you.

Read the Facebook Places: A Field Guide from Mashable

A few things to note about Facebook Places:

• It works with iPhone (Facebook plans releases of Android and Blackberry versions) or use the Facebook Touch mobile site

• Configure your privacy settings!
  
  By default, Places I check in to is set so Friends Only can see it.  To change the setting click on Account,then Privacy settings and Customize Settings. 
  
  

  Another default setting on the “Customize settings” page is “Include me in ‘People Here Now’ after I check in.” When you check in, your location is visible to your friends and also to anyone else nearby. If you’d rather be more private, you’ll have to opt out of this setting.

  
  

  
  
  Your friends can, by default, check you in without your explicit approval or permission.  Again, go to your privacy settings to change this if you prefer.

Ask Attorney Robert Noggle - Nevada Foreclosure Mediation Program Update

Attention Las Vegas, Nevada Real Estate Agents:

Are you advising your eligible clients to Elect to Mediate and use the Nevada Foreclosure Mediation Program? If not, why?

• What if mediation is in the best interest of your client?
• Did you know that electing to mediate can postpone a trustee sale?
• Did you know that short sale approval is one of the possible outcomes?

Come and hear Attorney Robert Noggle discuss how the Nevada FMP can assist your client obtain short sale or loan modification approval.

Robert will also entertain general questions about tax issues, foreclosures, and asset protection.

Also scheduled to appear is noted bankruptcy Attorney Michael Bohn.

Our current housing crisis is a new phenomenon. It is testing the limits of most general practitioners. Unfortunately, many real estate licensees, attorneys, and tax professionals do not understand the issues.

Edutainer Steven Kitnick will moderate.

Come and ASK NOGGLE and get up-to-date information that you can rely upon.

Wednesday, September 15th 9am-12:30pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148
(behind the Bank of George ~ 215 & W. Russell Rd.
Jerry Tarkanian Way to W. Oquendo Rd. ~ Desert Canyon Business Park).

$20.00 Check or Cash at the door

To Register, go to:  www.NevadaCE.com
For further info, call (702) 255-8722

Limited to 50 attendees – Bring your clients!

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Short Sale Certification Training in Las Vegas - CFAC Designation

Are You a Trusted Advisor?

Become a Certified Foreclosure Alternatives Consultant (CFAC)

Next class: FRIDAY, SEPTEMBER 24TH ~ 9am-4:00pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

Understanding General Guidelines for Loan Underwriting: Bankruptcy, Foreclosure, Pre-Foreclosure, and Short Sales

Guest Blogger: Steven Kitnick, CFAC, CNE, CSP, GRI, RRG
Steve is a Nevada Real Estate Broker-Salesman,  California Real Estate Broker, & Managing Director of Steven Kitnick Seminars, LLC – a real estate continuing education provider. 

Here's a common question from homeowners - especially those dealing with a distressed property...

“How soon will I be able to get a home loan if I file for bankruptcy, let my house go to foreclosure, execute a deed-in-lieu of foreclosure, or agree to a short sale?  

The following may assist you in understanding general guidelines used by many underwriting departments:  

Conventional Loans

Bankruptcy
Chapter 7 (“A type of bankruptcy in which a person’s assets are liquidated – collected and sold- and the proceeds are distributed to the creditors”).  4 years from either the discharge or dismissal date. 

Chapter 13 (“A type of bankruptcy in which a person keeps his assets and pays creditors according to an approved plan”).  2 years from discharge date or 4 years from dismissal date.  If multiple bankruptcies within a 7-year period, it is 5 years from the most recent dismissal date.

Foreclosure is 5 years from completion date.  Deed-in-Lieu of Foreclosure is 4 years.  Pre-Foreclosure is 2 years from date house closed. If house was a short sale and borrower was not in pre-foreclosure (no 60, 90, 120, or 150 day “lates” in last 12 months), lender can sell the loan to Fannie Mae. The lender/servicer that completed the short sale must NOT have entered into any agreements that obligate the borrower to repay any amounts resulting from the short sale, including a deficiency judgment.

FHA/VA

Bankruptcy Chapter 7 – 2 years.  Chapter 13 – 12 months after release. 

Foreclosure or Deed-in-Lieu of is 4 years from completion date.  Pre-Foreclosure is 2 years. Same exception as conventional (above) if not delinquent.

*Exception - If borrower is in a Chapter 13 BK for at least 12 months, has no    “lates” to the trustee and the lender can get a letter from the trustee that it is    okay for them to buy a house, the lender can waive the required time from BK.

Source:  Dan Means, Branch Manager, imortgage – Las Vegas, NV

 

 

Short Sale Certification Training in Las Vegas

Learn How to Become a Trusted Advisor…Become a Certified Foreclosure Alternatives Consultant

Next class: FRIDAY, AUGUST 13TH ~ 9am-4:00pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

Download CFAC Course Flyer

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

Top 50 Blogs on Real Estate Industry Trends and Topics

Real Estate is an enormously exciting, fast-paced and diverse industry. Whether you are interested in the foreclosure market, property investment, commercial reality or even in the economics of real estate, there is ample opportunity to make your mark.

Follow the patterns of the market, the advice of professionals, and even the personal stories of first-time realtors by using the links provided below. These engaging and insightful real estate blogs will give you the tools and expertise you need stay on top of trends, overcome obstacles, and stand out in the real estate industry.

via guidetocareereducation.com

Jan O'Brien - Real Estate Coach has been featured on Guide to Online MBA's list of the Best Real Estate Blogs found here: http://www.guidetocareereducation.com/tips-and-tools/real-estate-blogs.

Thanks for the include on this extensive real estate resource list!

Posted via email from jan obrien's posterous

Facebook Movie Preview - Social Network

"The Social Network" Movie is due out this fall and is based on the book "The Accidental Billionaires" by Ben Mezrich. Mezrich wrote the story of how Facebook started without any input from Zuckerberg. His primary source was Facebook's co-founder Eduardo Saverin, who was the company's original business manager but later had a legal dispute with Zuckerberg. The book is a great read and tells a compelling and fascinating story of the origin of Facebook.

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HUD Seeks Public Comment on 3 Policy Changes

For the next 30 days, HUD is seeking public comment on the following policy changes, each of which are designed to mitigate risk to the Mutual Mortgage Insurance Fund while promoting sustainable homeownership for FHA borrowers:

1. Update the combination of credit and down payment requirements for new borrowers. New borrowers seeking FHA-insured financing will be required to have a minimum FICO score of 580 to qualify for FHA’s flagship 3.5 percent down payment program. New borrowers with credit scores of less than a 580 will be required to make a cash investment of at least 10 percent. Borrowers with credit scores of less than 500 will no longer qualify for an FHA-insured mortgage.

2. Reduce allowable seller concessions from six to three percent. Allowing sellers to contribute up to six percent of the home’s sales price to offset a buyer’s costs exposes the FHA to excess risk by potentially driving up the cost of the home beyond its appraised value. Reducing seller concessions to three percent will bring FHA into conformity with industry standards.

3. Tighten underwriting standards for manually underwritten loans. When using compensating factors in the underwriting process, lenders will be required to consider those factors which are the best predictive indicators of loan performance, such as the borrower’s credit history, loan-to-value (LTV) percentage, debt-to income ratio, and cash reserves.

via portal.hud.gov

HUD is changing policy to "manage its risk and boost reserves." The big changes appears to be the seller concession changing to 3% - down from 6% and borrowers with credit scores of 500-580 will need 10% down payment.

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Facebook Expected to Reach 500 Million Users in July 2010

Facebook reached 400 million users five months ago. This time last year, it had just reached 200 million, and eight months before that it was at just 100 million. The site launched in February of 2004, and has since become the most popular social site on the web.

via mashable.com

Facebook continues to impress with continued explosive growth with an estimated 500 million users in July. Look for launch of "Facebook Stories" where users can share how Facebook has impacted their lives.

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Press Release - Jan O'Brien REceives 2010 Best of Kalispell Award

Press Release

FOR IMMEDIATE RELEASE

Jan OBrien Receives 2010 Best of Kalispell Award

U.S. Commerce Association’s Award Plaque Honors the Achievement

NEW YORK, NY, July 7, 2010 -- Jan OBrien has been selected for the 2010 Best of Kalispell Award in the Insurance Agents & Brokers category by the U.S. Commerce Association (USCA).

The USCA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2010 USCA Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties.

About U.S. Commerce Association (USCA)

U.S. Commerce Association (USCA) is a New York City based organization funded by local businesses operating in towns, large and small, across America. The purpose of USCA is to promote local business through public relations, marketing and advertising.

The USCA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America.

SOURCE: U.S. Commerce Association

CONTACT:
U.S. Commerce Association
Email: PublicRelations@uscaaward.com
URL: http://www.uscaaward.com

via uscaaward.com

Thanks to the U.S. Commerce Association for the recognition. Be sure to check out their site for comprehensive small business resources, tips, articles, news, and marketing ideas: http://www.uscaaward.com.

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