|
|
 Caylyn Brown  Monday, August 31st, 2009 Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of REALTORS® data. To help practitioners meet the needs of home buyers and sellers who need these services, NAR has launched a new Short Sales and Foreclosure Certification Program (SFR).
“Foreclosures and short sales can offer opportunities for home buyers, but it’s extremely important to have the help of a real estate professional for these kinds of purchases,” says NAR President Charles McMillan. “This new certification will help them serve a growing need.”
The SFR certification program is offered by the Real Estate Buyer’s Agent Council of NAR. The program includes training on how to manage short sale, foreclosure, and real-estate owned transactions, and provides resources to help practitioners stay current on national and state-specific information as the market for these distressed properties evolves.
Continue reading: NAR Launches Short Sales Certification
Caylyn Brown Monday, August 31st, 2009
Industry Update had the pleasure of hearing from Carl Simpson, Director of Code Enforcement in Sacramento County on Friday, August 28th. Carl spoke about the County’s perspective on vacant property, as well as a new strategy between SAR and Sacramento County for dealing with foreclosed properties.
Carl and other officials in the County intuitively understand the best solution they have to deal with vacant homes, and the problems associated therein are to get these homes occupied. And because of this, they have restrained from instituting any fees associated with vacant properties, other than hard out of pocket costs. After all, with so many foreclosed properties on the market, why would someone put an offer on a home with $20,000 in fees and penalties when there may be one a few blocks down with a clean title?
Continue reading: REO’s In Sacramento County
Daniel Allen Monday, August 31st, 2009
Here’s a look at the meetings going on at the Sacramento Association of REALTORS® for the week starting August 31, 2009:
Monday, August 31 9:00 am — Metrolist Prospector – Course 1 1:00 pm — Metrolist Prospector – Course 2
Tuesday, September 1 9:00 am — Main Meeting 9:30 am — REVEI 10:30 am [...]
Daniel Allen Monday, August 24th, 2009
Here’s a look at the meetings going on at the Sacramento Association of REALTORS® for the week of August 24, 2009:
Monday, August 24 9:00 am — Metrolist Prospector Session 1 1:00 pm — Metrolist Prospector Session 2
Tuesday, August 25 8:30 am – Regional Meetings [...]
Caylyn Brown Friday, August 21st, 2009
Carolyn Ballou from the Department of Consumer Affairs spoke to Public Issues Forum this morning about the “Inquire Before You Hire” program. REALTORS® make many referrals to clients, for all sorts of services. And it is important for a REALTOR® to verify the individual they are sending their client to have the appropriate license. [...]
Chris Ly Thursday, August 20th, 2009
Last month, PEMCO offered a free seminar on selling HUD homes in Sacramento. A HUD home is a one-to-four unit residence acquired as a result of a foreclosure on an FHA-insured mortgage. In California, PEMCO is the marketing and management contractor who sells HUD homes.
After HUD acquires the property, the property is appraised, title issues resolves (if needed), and HUD’s discount sales programs are determined for eligibility.
In order to show or submit contracts on HUD homes, you must be a registered real estate broker who is properly registered with HUD. Homes are first offered to individuals in possession of a Federal Registration number related to disaster relief efforts from Hurricanes Katrina, Wilma, and Rita. They are then offered to owner occupant purchasers with any remaining houses available to all buyers, including investors.
Continue reading: Selling HUD Homes
James Liptak Tuesday, August 18th, 2009
SAVING YOU TIME
With our new My C.A.R. mobile application, the information you need is at your fingertips. The My C.A.R. mobile application is the first iPhone application for use by a REALTOR® association. Designed for the iPhone/iPod touch, with a companion version available for Blackberry® and other Web-enabled mobile devices, the My C.A.R. mobile application features: Inman News stories, market data for 21 California regions, current loan information, highlights from C.A.R.’s Market Matters newsletter, C.A.R. resources, license renewal and continuing education search functionalities, hot issue news alerts, and links to information that may be of interest to C.A.R. directors. Plus, it’s FREE for C.A.R. members to download directly from the Apple iTunes store. Click here for more information and download directions.
Wishing you had instant access to Your Membership, Your Way content? Your Membership, Your Way is now available via RSS feed. Now you can have this important news and information delivered to your inbox in real time. The feed is available at: www.car.org/media/rss/ymyw.xml. Simply follow the link and click “subscribe to this feed.”
Continue reading: Your Membership, Your Way
Daniel Allen Monday, August 17th, 2009
Here’s a look at the meetings going on at the Sacramento Association of REALTORS® for the week of August 17, 2009:
Monday, August 17 9:00 am — Metrolist Office Administration: Session 1 12:30 pm — New Member Orientation 1:00 pm — Metrolist Office Administration: Session 2
Tuesday, August 18 8:30 am — August 17th, 2009 | Category: Education, Events, Meeting |
Caylyn Brown Friday, August 14th, 2009
The flagship loans of the U.S. Small Business Administration–as well as a new loan created as part of the federal government’s big economic recovery initiative–are available to individual practitioners, SBA has clarified.
The NATIONAL ASSOCIATION OF REALTORS® sought clarification from SBA after hearing that lenders in some jurisdictions were making the loans to practitioners while others were not.
Having these loans available to individual real estate licensees without ambiguity potentially gives a shot in the arm to practitioners who are struggling with high business-related debt. The new loan program, called ARC (For America’s Recovery Capital), is an interest-free, deferred payment loan of up to $35,000. One of its intended uses is to help businesses get out from under ruinous debt.
Thus, if practitioners have maxed-out business credit cards (it has to be business-related debt; personal debt won’t qualify), they can pay that debt off with the far-more attractive SBA loan.
Continue reading: Sales Associates Eligible for SBA Loans
Tony Vicari Wednesday, August 12th, 2009
For the third straight month, Sacramento County records a Single-Family home median sales price of $180,000. After a jump from April to May (7.7%) the figure has remained unchanged. Unlike past years, the current summer season has not shown much of a surge in summer sales.
There were 1,848 single family home sales in July, a 6% increase from the 1,744 sales of June. Year-to-year, the current figure is 6.6% below the 1,979 sales recorded last July. REO sales decreased 3.5% month-to-month, from 940 in June to 908 this month. REO Sales made up 49% of the total sales while short sales (16.8%) and equity sales (34%) rounded out the remainder of the total sales. Compared with last month, the amount of REO sales has declined (3.5%), while short sales and equity sales have increased (6.9% and 22.8%, respectively).
Continue reading: County Continues Steady Sales, Constant Median Sales Price Since May
|
Register | Login
|
Recent Comments