Tag Archives: Predicts

Niche Focus Group Predicts Sunbelt States Most Most likely to Rebound 1st in Genuine Estate Downturn

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Phoenix, AZ (PRWEB) June 11, 2009

In light of the radical changes recently in the Real Estate market over the past two years, Americas entrepreneurs uncover opportunity to turn market place crisis to their advantage.

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Businesses of every single type are in search of to maximize ways to advantage from opportunities produced from chaos. Everything from loan modifications to acquiring foreclosed homes, capitalists are playing their roles to assist stimulate the American economy and at the very same time justify America as the land of chance.

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Troy Bohlke, CEO of Niche Concentrate Group, an Marketing firm specializing in making Genuine Estate investment packages for Actual Estate Funds states, I am amazed with the good attitudes of these aggressive entrepreneurs. They see treasures in this marketplace. It is inspiring. Following carrying out substantial study needed to develop our clients investment packages, I learned speedily that when the market at bottom is exactly when our consumers make excellent buys. Massive profits are created accessible to these investors with liquidity, timing, and executing a effectively made program. Our Fund consumers are purchasing up as a lot real estate as they can get their hands on.

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Billionaire genuine estate mogul, Donald Trump agrees that this is the best time to buy. Its an amazing time to purchase, Trump stated. This is the greatest time Ive ever noticed to buy each real estate and almost certainly other things. This is 1 of the great possibilities.

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The Current Predicament&#13

According to the Metropolitan Foreclosure Market place Report for Q1 of 2009, California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates amongst metro areas with a population of 200,000 or much more. The metro areas with the highest levels of foreclosure activity in the initial quarter of 2009 paint a picture of concentrated issues in a reasonably tiny number of challenging hit locations, stated James J. Saccacio, chief executive officer of RealtyTrac, a California based business that tracks foreclosure filings.

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For example, one in every single 43 Nevada households received a foreclosure filing in the course of the second quarter, the highest foreclosure price amongst the states and nearly four instances the national average. Foreclosure filings had been reported on 24,657 Nevada properties for the duration of the quarter, up 26 percent from the previous quarter and up 147 percent from the very first quarter of 2007.

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Foreclosure filings have been reported on 202,599 California properties during the second quarter, the highest total among the states and a rate of a single in each and every 65 households the nations second highest state foreclosure price. Foreclosure activity in California enhanced 19 percent from the preceding quarter and was practically three times the level reported in the second quarter of 2007.

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In spite of these staggering statistics, Bohlke and his group at Niche Concentrate Group are booming with enterprise from optimistic True Estate investors pooling their income collectively in funds. Our investors and clients are convinced that the Sunbelt states, although the hardest hit, are also the most likely to bounce back the quickest on the true estate upswing.

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Sales activity appears to be rising in some of the hardest hit markets as home costs have fallen to levels that are eye-catching to very first-time homebuyers and investors, Stated Saccacio of Realtytrac. 45% of the transactions were distressed sales, foreclosures and quick sales, which lead to the decline in the median price. Nonetheless, these cost drops lead to the biggest obtain in sales volume for the fourth quarter especially in the Sunbelt states Nevada, up 133.7 %, followed by California, rose 84.7 %, Arizona, up 42.6 % and Florida with a 12.five percent enhance.

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Bohlke states that in adapting to these trends, that his firm has been packaging offerings for Actual Estate Funds each large and small. We discover that the hottest target seems to be foreclosed single loved ones homes. There is a plethora of high high quality properties available at unheard of low prices. Given that Actual Estate is a tangible asset, numerous folks are now looking to move their cash out of the volatile stock market place and into tangibles like gold and genuine estate until the market place stabilizes. Thats very good for Niche Focus Group Bohlke says.

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A lot more Loan Modification Press Releases

NAMP Predicts Mortgage Loan Modifications Will Sky Rocket

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Washington, DC (PRWEB) November 16, 2008

With mortgage loan modifications on the rise now is the time to understand how to perform loan mods for borrowers. Designed for an originator, processor, underwriter, closer or post-closer, NAMP has developed a quick and cost-efficient remedy.

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The National Association of Mortgage Processors (NAMP), in partnership with Mortgage University, has place collectively a three-hour reside, instructor-led interactive webinar entitled: Loan Modification 101. Held once a month, this 3-hour webinar is an open forum discussion developed to provide mortgage experts with how to modify mortgage loans , from A to Z. This special on the web format also enables the student to ask queries directly to the instructor and get immediate answers.

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This three-hour Loan Mod webinar will: 1) Negotiating With The Mortgage Servicer, 2) Required Documentation &amp Types, three) Profit Center: What, Where &amp How To Charge Charges, four) Ethics: Counseling The Borrower, five) Legalities: Potential Pitfalls, and five) Finish with an Open Forum Q&ampA Session.

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This month-to-month webinar is designed for any mortgage expert who is looking to diversify their product offerings and create extra revenue. This webinar will cover all aspects of the front-end selling to the servicing side of loan mods.

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NAMP has chosen Bonnie Hild as the instructor, and as an active FHA Direct Endorsement (DE) Underwriter, Bonnie has 25+ years of Government underwriting encounter working for several key FHA lending institutions. Bonnie also writes a weekly FHA Blog for NAMP. For the duration of this interactive webinar Bonnie works with the student directly to evaluation and respond to all inquiries.

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The expense of the monthly webinar is $ 99 per attendee with a maximum of one hundred attendees. Upcoming dates consist of: November 25th from 5-8 p.m. PST, December 18th from ten-1 p.m. PST, and January 29th from five-8 p.m. PST.

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To learn more about the mortgage modification requirements, agreements, and a lot more pay a visit to: http://www.LoanModWebinar.org or contact NAMP toll-cost-free at 1-800-977-1197 to speak with an enrollment counselor.

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Brookstone Law, Computer Predicts Boost in California Foreclosures

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Newport Beach, CA (PRWEB) January 15, 2011

Despite a decrease in California foreclosures reported for December, 2010, the foreclosure crisis in the state is going to get worse, not far better, in 2011, according to Vito Torchia, Jr., managing lawyer of Brookstone Law, Pc.

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There are pending circumstances against main banks filed by state Attorney Generals throughout the nation, and the current selection in Massachusetts is an example of how main lenders are failing to prove they personal the mortgages on which they are foreclosing. There are literally millions of mortgages all through the nation in which ownership is in query. This is a crisis of the highest order and one particular that will continue to have a large impact on the state and the nation. said Vito Torchia, Jr.

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According to the Occasions, the Massachusetts case was substantial due to the fact it was the first time that a state Supreme Court had ruled on the concern of chain of title. A spokeswoman for California Atty. Gen. Kamala D. Harris stated such lawsuits may be brought in the Golden State, exactly where foreclosures remain largely outside the court method.

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The banks inability to prove that they personal shoppers mortgages is only one particular of the a lot of issues. An additional large-scale crisis is forthcoming: increased interest prices on customers adjustable-price mortgages.

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There is a large quantity of adjustable-rate mortgages scheduled to reset to larger rates in coming months which is most likely to lead to an improve in foreclosures in California. This is particularly true since numerous borrowers will not be capable to afford higher payments provided the unfortunate combination of the states higher unemployment rate and stagnant economy, mentioned Vito Torchia, Jr. As evidenced by Bank of Americas current sharp boost in foreclosures, the crisis is more than likely going to get worse for property owners in 2011, not much better, and may possibly even surpass the peak amount of foreclosures by the banks in 2009.

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According to Vito Torchia, Jr., this means thousands of customers will face potentially wrongful foreclosure and, due to loan modification delivers, a lot of will truly locate themselves additional behind on their payments and could eventually be foreclosed upon.

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The Massachusetts case is the first of a lot of choices we anticipate to see in 2011 that will shield homeowners from predatory lending practices and the sloppy mortgage administration practices which have turn out to be standard in the lending sector, mentioned Vito Torchia, Jr. Despite the fact that many banks delayed and even halted foreclosures in 2010, they are poised to return to procedure foreclosures aggressively in California and all through the Country, and it is vitally critical that home owners are conscious of the require for professional legal help and how it can have a optimistic result in their situations. 2011 will see a main boost in litigation against the banks.

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Brookstone Law, Computer will be filing a number of suits and has contracted to aggregate members for other suits against major banks and mortgage lenders such as:&#13

Arizona True Estate Specialist Predicts New Actual Estate Boom on The Horizon

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Phoenix, AZ (PRWEB) February 20, 2013

With low inventory and also numerous buyers, the housing professionals believe the Phoenix True Estate Market place is on the verge of a new boom in real estate values, predicts Dennis Dahlberg, Level 4 Fundings Basic Manager, Private Tough Money Lender with numerous years of flipping and fixing actual estate encounter.

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According to Dahlberg, there has been tiny or no construction or movement of dirt thus leaving the Phoenix housing marketplace starving for new residences. In addition to, he argues house values are rising drastically, and when the existing home owners get above water (have equity), they are going to want to move up.

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We’re going to have a trifecta or the best storm – no houses, pent-up demand, and record low interest prices. In addition to, if a tiny inflation is thrown into the mix – watch out! Bam! Its going to be a wild ride – a Wild West ride, states Dahlberg, who is basing his prediction on information supplied by S&ampP/Case Shiller.

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According to the S&ampP/Case Shillers data, the bottom is more than and the marketplace is moving up again and this time it is going to be even larger.

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The data further suggests the actual estate marketplace in the Phoenix location is heading up. Nevertheless, in response to such concerns whether or not it is time to get genuine estate once more, how lengthy will it take to come back to regular, or should people get out of the market and wait, Dahlberg believes these are hard concerns to answer, nevertheless, provides the following suggestions:&#13