Charlotte REO Specialist – Nancy Braun

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CoreLogic Conference- Hilton Bonnet Creek-Orlando Florida

August 10th, 2010 · Uncategorized

CoreLogic Conference- Hilton Bonnet Creek-Orlando Florida

Vender/Broker conference including training on BPO’s, REO servicing, and field services designed to help you increase business with CoreLogic understand expectations from clients and federal agencies and network with industry colleagues.

 CoreLogic 2010 Vendor/Broker Conference

August 1-3, 2010

Hilton Bonnet Creek- Orlando, Florida

Just returned from the CoreLogic Vendor/Broker Conference in Orlando, Florida and what an amazing event. The training was centered around BPO’s, REO servicing and field servicing, designed to help increase business with CoreLogic and understand expectations from your clients and agencies. Sessions were informational, explaining how to increase BPO work orders, improve performance scores, and understand what your client is looking for, including their perspectives on the market. There was also great information on the REO market and ways your company can build valued relationships with asset managers, avoid delays and penalties involved with evictions and numerous other ideas on how to take on REO properties. Guest speaker James Carville, known as one of America’s best political consultants shared his thoughts on current evens marked with his personality and humor, making it a very fun and informative experience. I would strongly recommend this conference to my fellow real-estate professionals. If you would like to learn more about CoreLogics Events click below.

 CoreLogic

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Excerpt from “10 Great Cities For Young Adults”

July 30th, 2010 · In the News

Earlier today, Yahoo.com published an article regarding the 10 Greatest Cities for Young Adults and Charlotte, NC was included! Feel free to read the excerpt below:

“Free from ties to kids or a mortgage, young adults can settle virtually anywhere they choose. So which place is best for you when the world is your oyster?

Here are 10 cities in the U.S. that offer exceptional opportunities for those starting out in life. We began our search using the criteria we used to select our overall list of Best Cities for the Next Decade: healthy economies fueling new job growth. We fine-tuned our search using other youth-friendly factors such as large percentages of people under 35, cost of living and rental costs, culture, nightlife, and the time you’re likely to spend in traffic. Take a look – and tell us what you think.

Charlotte, N.C.

Metro population: 1,745,524
Cost-of-living index: 94
Median monthly rent: $803 (average is $819)
Average annual wage: $41,190
Unemployment rate: 10.9%
Percentage of Gen Y residents: 21.7%
Top employers: Carolinas Healthcare System, Wells Fargo/Wachovia Corp., Charlotte-Mecklenburg Schools, Bank of America, Wal-Mart Stores, Presbyterian Regional Healthcare, Delhaize America

Charlotte has seen explosive growth over the last 20 years, and is now the second-largest banking center in the country (after New York). The city took it on the chin in the 2008-2009 meltdown, but it should offer lots of entry-level jobs for college graduates as the financial sector recovers. Despite the towering new skyscrapers, and a vibrant Uptown district, it’s still possible to live comfortably here on a tight budget.

PROS: A cost of living that skews well below the national average, reasonable rents, a bustling downtown still being developed, high-paying advancement opportunities in the financial sector

CONS: Hot, humid summers, smog alerts, high (but falling) crime rates, you’ll need a car (average commute lasts 24 minutes)”

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Speeding up foreclosure proceedings….

July 28th, 2010 · Charlotte Foreclosures, Charlotte Real Estate Investment, Default Industry REO Conferences, How to Find Foreclosures, In the News, Uncategorized

Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace.

According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped 21 percent.

The GSEs’ prime borrowers are performing the worst. Foreclosure rates among the agencies’ prime loans have soared nearly 400 percent since January 2008, with a notable hastening tracked over the last two months, LPS reports. That increase is second only to the swell seen in non-agency “jumbo” mortgages, for more than $729,750.

LPS says the recent momentum in GSE foreclosure starts coincides with Home Affordable Modification Program (HAMP) cancellations, with most of the volume concentrated in the very late stages of delinquency (six-plus months).

The latest HAMP statistics from the Treasury showed an extremely elevated number of cancellations from trial plans, as many borrowers who received temporary modifications have not been able to verify their income or have missed trial payments.

As of the end of June, 520,814 HAMP trials had been cancelled – more than have been converted to permanent status. In addition, 8,823 permanent modifications have been cancelled under the federal program.

In contrast, LPS says foreclosure starts have remained relatively stable over the last several months for the rest of the industry. The company puts the overall foreclosure rate as of the end of June at 3.65 percent, but notes that foreclosure inventories are still elevated.

According to LPS’ market data, total foreclosure starts for 2010 are at 1,456,000. That stat is lower than 1,682,000 for the same period in 2009, but up from 1,245,000 in the first half of 2008.

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Nancy Braun Attends WinDS and AREAA Leadership, Education and Networking Seminar in Las Vegas

July 26th, 2010 · Default Industry REO Conferences

PRESS RELEASE
For IMMEDIATE Publication
July 26, 2010

For Information Contact:
Showcase Realty
Office: 704-889-5600
www.showcaserealty.net

Nancy Braun Attends WinDS and AREAA Leadership, Education and Networking Seminar in Las Vegas

Charlotte, NC – Nancy Braun, Owner-Broker of Charlotte-based Showcase Realty, recently attended the successful Women in Default Services (WinDS) and Asian Real Estate Association of America (AREAA) – Las Vegas Chapter, Leadership, Education and Networking Seminar held at the Westin Causarina Hotel and Casino in Las Vegas, Nevada.

According to Ms. Braun, the special seminar brought together over 300 members from these two leading real estate and default servicing industry trade associations from across the country.

“Featured during the two-day event were sessions on the SBA’s 8(a) Program, and how to do business with the U.S. department of Housing and Urban Development,” said Braun. “There were also lender roundtables featured during the seminar and we also were so pleased to have Lynn Effinger, Senior Vice President of Olympus Asset Management and a long-time veteran of the mortgage default servicing industry, as our luncheon keynote speaker on Thursday. He was very inspiring.”

According to Shelley Kaye, Executive Director of WinDS, in addition to the educational sessions the seminar offered a number of networking opportunities to the attendees including a charity poker tournament that benefit a local women’s shelter in Las Vegas.

“Real estate professionals are among the most generous business people in the country and the officials at AREAA, which is a non-profit organization dedicated to promoting sustainable homeownership opportunities in Asian American communities by creating a powerful national voice for hosing and real estate professionals that serve this dynamic market, readily agreed to hold this chartable poker tournament,” added Kaye.

The default services business comprises a multitude of disciplines and a wide variety of activities that are essential to the goal of handling the glut of defaulted loans and foreclosed properties negatively impacting the entire U.S. economy. According to Kaye, the members of WinDS, are involved at all levels within this niche of real estate and many of these successful members own their companies, while others are engaged as independent contractors or employees at firms of all sizes in every state.

“Among the many shared goals of WinDS and AREAA is to provide ongoing, meaningful educational, leadership and networking opportunities to our members,” said Kaye. “This special seminar was just one example of our commitment to our members in that regard.”

According to Kaye, numerous positive comments were made by attendees to directors of both trade associations regarding the quality of the seminar leaders and panelists

For more information about this seminar, please visit the WinDS web site at www.WomeninDS.com. For more information about Showcase Realty, please visit www.showcaserealty.net or www.charlottereobroker.com .

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Mass Foreclosures This Year Expected to Eclipse ’09 Levels

July 15th, 2010 · Charlotte Foreclosures, In the News

Due to the current economic climate, Foreclosures are at a record high. An article written by Fox News explains more below, providing up-to-date statistics and facts about Foreclosures. Please feel free to continue reading the complete article below:

“LOS ANGELES — More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.

Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service.

“That would be unprecedented,” said Rick Sharga, a senior vice president at RealtyTrac.

By comparison, lenders have historically taken over about 100,000 homes a year, Sharga said.

The surge in home repossessions reflects the dynamic of a foreclosure crisis that has shown signs of leveling off in recent months, but remains a crippling drag on the housing market.

The pace at which new homes falling behind in payments and entering the foreclosure process has slowed as banks continue to let delinquent borrowers stay longer in their homes rather than adding to the glut of foreclosed properties on the market. At the same time, lenders have stepped up repossessions in an effort to clear out the backlog of distressed inventory on their books.

The number of households facing foreclosure in the first half of the year climbed 8 percent versus the same period last year, but dropped 5 percent from the last six months of 2009, according to RealtyTrac, which tracks notices for defaults, scheduled home auctions and home repossessions.

In all, about 1.7 million homeowners received a foreclosure-related warning between January and June. That translates to one in 78 U.S. homes.

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ATTENTION INVESTORS: Seminar on Tuesday, July 20th from 6:00 PM to 8:00 PM!

July 14th, 2010 · In the News

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More U.S. sellers cut home prices in June

July 13th, 2010 · Uncategorized

Zillow.com recently published an article stating that an extremely large amount of sellers had to cut home prices in the month of June. Read the full article bellow:

“(Reuters) – The percentage of U.S. home sellers who cut their asking price rose in June, with price reductions even larger than the month before, real estate website Zillow.com said in a report.

Prices of about one in four homes, or 26.3 percent, listed for sale on the Zillow website had been cut at least once as of the end of June, up from 23.6 percent in May, Zillow said in the report, which was obtained by Reuters on Friday.

June marked the third month in a row that the percentage of home sellers who reduced their asking price increased from the previous month.

Price reductions peaked last September, when nearly one-third, or 32.6 percent, of listings on Zillow had at least one price cut.

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Global Interest in U.S. Homeownership Gains

July 13th, 2010 · In the News

Because of the current economic climate, American Property has become increasingly intriguing for Global customers. Read the full article by Realtor.com below:

“International home buyers are increasingly attracted to property in the U.S., according to the National Association of REALTORS®’ 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country.

“While all real estate in the U.S. is local, the same is not true for property owners,” said NAR President Vicki Cox Golder, owner of Vicki L. Cox Real Estate in Tucson, Ariz. “The U.S. continues to be a top destination for international buyers from all over the world. Foreign buyers understand the value of owning a home in this country and can rely on REALTORS® to help guide them through the complex process of buying property in the U.S. With expertise, knowledge and experience, REALTORS® have a global perspective.”

The survey, released today, covers the period between April 1, 2009, and March 31, 2010. During that time foreign buyers, including those with residency outside the U.S. as well as recent immigrants and temporary visa holders, are estimated to have purchased $66 billion of U.S. residential property, or 7 percent of the residential market.

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Biggest Defaulters on Mortgages Are the Rich

July 13th, 2010 · In the News

The New York Times just published a surprising article regrading Mortgages. Read the article below for more information:

“LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars.

The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley.

Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population.

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic.

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Open House THIS SATURDAY, July 10th from 11am – 4pm at Hidden Creek DR

July 9th, 2010 · Charlotte Foreclosures, Charlotte Real Estate Investment, In the News

This Saturday, July 10th, we are holding an Open House for our Hidden Creek property from 11am-4pm!

If you need any additional information regarding this Open House, this property or any of our other properties, please call us at: 704-889-5600.
Or stop by our office at:
315 Main ST, Suite 2
Pineville, NC 28134

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