Archive for August, 2009

Linda:

Thanks for your interest.  As of now I am no longer doing live training.  The course is the best I have for you.  Click  View Courseto give it a test drive.  You will be happy with the content.  Here are
Testimonials.  That is the best I can do for you for the moment.  If you have high end properties, I can process them for you.  Right now I am processing for properties over $1MM.  Enjoy the evening.

Sincerely,

Oscar

At 09:06 PM 8/16/2009, you wrote:

Oscar,
Thank you for replying to my request however, I am not interested in online training.  If you conduct any classes I would be most interested.
Sincerely,
 

Linda May

541.408.2000

From: Oscar Morante <oscar@bestshortsales.com>
To: Linda May <lindaleemay@yahoo.com>
Sent: Sunday, August 16, 2009 7:04:20 PM
Subject: Re: training in forclosure & short sales (Sent via Activerain)

Linda:

Thanks for considering me for your short sale needs.  I recommend my course Short Sales A-Z Online Video Course.  For the most value, get Short Sale Biz Master Suite.  This includes all the software and documents you will need.  If you do the course tonight, you can will be ready tomorrow morning.  Here is the link.  http://www.bestshortsales.com/courses.html/ Short Sales A-Z is 5 hours long divided into several chapters.  In classroom time, this course would be around 9 hours.  You will be very happy with it.  Not only that, it is very inexpensive.

Oscar

At 06:52 PM 8/16/2009, you wrote:

> You’ve received a contact message from your Contact Form on the ActiveRain network.
>
> Message details: From: Linda May Email: lindaleemay@yahoo.com Subject: training in forclosure & short sales (Sent via Activerain)
>
> Any suggestions for classroom training…..I’ve sold real estate in OR for over 20 years and am looking for specialized "in person" training.Any suggestions would be most appreciated.Sincerely,Linda May

Nicky:

Yes, the regulators are overdoing it.  Mods should be part of the services a real estate agent provides.  I invested a huge amount of effort and money in the biz.  Just as it was taking off I had to stop.  I am very bummed out.  There are other things to do, but specially in this economy, we can’t reduce ability to provide services.  If you have mods, I can connect you with my attorney.  You will earn OK, and not be at risk. 

Sincerely,

Oscar

Kathie:

Thanks for considering me for your R.E. training needs.  Julie and Tim Harris are not up to date with Oregon and Washington.  I don’t know about other states.

In Washington you can only charge $1500 max. That is the hard cost of doing the service if you consider what it takes to put it together. 

In Oregon we have HB 3630.  I had my service based on this rule.  It has a lot of inaccuracies, but I could work with that as you saw in the documents you got from me.  The last week of June, Oregon house bill 2191 passed.  It treats the mods as debt settlement.  You need to be a mortgage broker also.  Not only that, it mixes the activities of debt settlement together with mods in a very inprecise way.  It is all up to the interpretation of the enforcers.  I like doing business and have several mods in process.  Since I found about that regulation, I have not take a new client for mods.  That was July 7th.  A pity.  Now, to nail the coffin, they just passed HB 628.  Like all the rules, it starts the 1st of the year and has emergency provisions that makes it basically applicable as of the signing date.  That was less than 2 weeks ago.  To make it short, the new rule requires arbitration by attorney or HUD approved counseling 180 days prior to foreclosure date.  The homeowner is encouraged to show up with an attorney.  So now, just by gravity, all the mods in this area will be done by attorney.  Now I am referring all my mods to the two attorney I know, and get a referral fee.  Below are the links to the regulations.  This regulations are coming so fast and un-announced that most people, even most attorneys, are not yet aware.  Hopefully this helps.

I will be giving a debt settlement webinar and a last minute foreclosure stop webinar next week.  Maybe that is of your interest.  Keep checking your email.  Stay in touch.

Oscar

http://www.leg.state.or.us/09reg/measpdf/sb0600.dir/sb0628.intro.pdf

Kathy:

I lost the links to the specific rules.  Above is the latest, and the one that makes non-attorney mods in Oregon basically obsolete.  Basically because of the arbitration, where do you think clients will naturally go to.  You will have to That is another problem everybody is having.  I am running out of time.  Below is my attorney’s opinion.  He is one of the few lawyers totally up to date with mods in Oregon.  His firm does mods, foreclosures, short sales, etc. 

Chris:

I looked again at 2191 and also at your review.  Basically settlements are not possible in Portland.  With those caps the transactions would for sure be at a loss.  I confirmed with two settlement processors.  So that is over in Portland. 

–Agreed � consumer debt management / settlement service can no longer be done profitably in Oregon.

With respect to mods, the bill is very imprecise.  I mostly assumes the debt settlement procedures and puts limits on them.

–The bill is very broad in scope and does cover loan modification as such.  It assumed debt management services and procedures, and then clumsily applies them over any kind of debt related negotiation or workout activity.  Stupid and poor drafting, but that is what it does from a strict reading of its language.

Questions:

• Section 3: ORS 697.632
• Requires Registration With Dept Of Consumer Affairs – Do they already have that setup at this agency?

–I doubt they have this set up already.  They are probably working on it.

• Requires Bond  – Does this bond already exist?  It can take a while until a template bond is created.  Maybe an existing one can be adapted.

–Same answer as above, though this bonding will be via private companies, so who knows when or at what cost such a bond may become available.

• Who knows and has the authority to implement this?.  Should I call the dept of consumer affairs?

–This is stated at the beginning of the statutes � the director has authority to enforce, and the agency carries out the implementation.  I would consider strategically when to approach or call them and what questions you would ask and how you word them.  This bill may put us in a vulnerable position, so caution is advisable.

Chris, lets see how to deal with this new regulation.  To me, other than the definition, it looks like all else is not practicable or congruent with the mods.�Being practical or congruent is essentially irrelevant.  They wrote it to cover loan mods, and so it does.  The fact it is not practical to adhere to may be irrelevant.  It only shows that they rushed this piece of shit legislation through to address the �emergency� which is total BS, but that is our tax dollars at work�

  I think I can still take mod clients.  However, I may start shifting my efforts to eventually not be in this.  �I think it is dangerous to proceed as you may have been, especially in the way the marketing is done and the language of the contracts, etc.  There may be some workarounds, but all of it will be untested � there is no �safe harbor� for any of us.  It forces you into a very grey area where you are subject to enforcement, which is beyond your control and puts a lot of leverage in the hands of your paying clients if things don�t go just how they want.  More updates/discussion via phone when I have time.

Oscar

At 09:39 AM 8/22/2009, you wrote:

Oscar
I need your help…I noticed you were selling your website for loan modifications because of the restrictions in Oregon…I need a contact, copy of regulation or something that states a Broker alone can NOT offer/charge for loan mod services in Oregon.
Because before I met you, I paid $247 for the Harris University loan mod program. Julie doesn’t believe me that it is near to impossible to do them in Oregon, when I requested my money back. She needs proof…so could you DIRECT me to this PROOF?
Ever so grateful.
Nicky

Kathie Stoddard, Principle, 541-620-1257
Nicky Blackwell, Broker
Excellence
"Excellence is the result of caring more than others think is wise, risking more than others think is safe.
Dreaming more than others think is practical and expecting more than others think is possible."
Kathie Stoddard Realty
245 S Canyon Blvd, John Day, OR 97845
541-575-5948 F541-575-5949
 
www.kathiestoddardrealty.com
 
The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed.

— On Mon, 8/17/09, Oscar Morante <oscar@bestshortsales.com> wrote:

From: Oscar Morante <oscar@bestshortsales.com>

Subject: Last Minute Foreclosure Stop Webinar 08-18-09 4:00pm PST

To: "Nicolette Blackwell" <info@kathiestoddardrealty.com>

Date: Monday, August 17, 2009, 11:53 AM

 A lot of your clients need this service

Help them!

 

Dear Nicolette,

 

What can be more urgent for a homeowner than needing to stop a foreclosure that is just about to happen?

When someone is about to be foreclosed the next morning, nothing is more urgent!

In this webinar you will learn how to solve this problem.

 

Webinar Objective:

�         Learn how to postpone foreclosures for as long as possible

 

Webinar Content:

�         Understanding all options                                             

�         How to execute each

�         Properly timing actions

�         The needed paper work

�         Exact logistics

�         Avoiding pitfalls

�         Q & A

 

Real Life Applications:

�         Provide an additional service

�         Have more time to close short sales

�         Increase short sale negotiation leverage

�         Create more time for your clients to find a new home

 

Webinar Date:              

�         Tuesday August 18th 4:00pm PST   to    5:30pm PST

 

Materials Provided:                 

�         Full presentation PDF

 

Webinar Investment:

�         $30

Learn More

Sign Up Now

Presenters:

Oscar Morante                                                                                                             

BestShortSales.com / Century 21                                                                               

Real Estate Agent                                                                                                         

Licenced Oregon & Washington                                                                                    

Christopher Schwindt

Schwindt Richardson LLC

Real Estate Attorney

Licensed Oregon & Washington

Bestshortsales.com

9220 SW Barbur Blvd

Suite 119 – Box 159

Portland, OR

97219

US

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Credit card companies settle for pennies on the dollar. 

Learn how to make this happen!

Why take this webinar?

Whether you want to do this for your self, or point your clients in the right direction, this is a subject you need to know about.  As you know, right now credit card debt is rampant and affecting just about everyone.  Overly indebted clients can’t buy much, especially real estate.  If you are dealing with maxed out properties, short sales and foreclosures, you will find this knowledge incredibly useful.

Learn Exactly How to Settle Credit Card Debt at Huge Discount

Webinar Outline:

• Not Making it Worse:
  • The five deadly mistakes that should be avoided

• Debt Settlement Vs Bankruptcy
  • When bankruptcy
  • When debt settlement

• Credit Score Issues
  • The credit rating spin
  • Credit score vs Debt to income

• The Payment Quandary
  • When better off to keep paying
  • When better off to stop paying
  • The info you need to decide

• Debt Settlement Timeline
  • When to can credit card debt be settled
  • When to early or too late

• Settleling Debt Through Debt Settlement Companies
  • How to it works
  • How to select one

• Settling Debt by Yourself ( event focus)
  • How it works
  • Dealing with the credit card companies
  • Getting and understanding the settlements 

Materials Provided

• PDF presentation printout

Event Length

• 90 minutes plus Q&A

Presenters:

Oscar Morante                                                                                    Tyson Myreles

www.BestShortSales.com                                                                  Integrated Support Solutions

Real Estate Agent                                                                               Laguna Nigel, California

Portland, Oregon                                                                                Veteran professional bulk debt          

Do it your self debt settlement specialist                                            settlement negotiator

Webinar Date:

• Saturday August 15^th 10am PST

Event Price

• $30                                                     

Sign Up Now

Course Objectives: 

• Learn exactly how to stop foreclosures at the last minute
• Make very well by doing it

Includes:

• Step by step description of the process
• Exact logistics of the process
• How to game the system
• Taking advantage of legal rights
• Avoiding legal traps
• Obtaining clients
• Selecting clients
• How much to charge
• Questions and answer

Date:

• Wednesday July 29^th
• 3:00pm to 4:00pm

Price:

• $30

Sign Up Now

More Information

Earn great by stopping foreclosures at the last moment.

Do you want to earn well? 

Solve urgent problems!

What can be more urgent for a homeowner than needing to stop a foreclosure that is just about to happen?

When someone is about to be foreclosed the next morning, nothing is more urgent!

In this webinar I will show you how to solve this problem and earn very well.

We are in a knowledge economy.

This is especially true in real estate.

The more you learn. The more you learn.

Do you want to learn something valuable and immediately applicable?

This is it!

I have been doing this for the last couple of months. 

I should have figured this out a lot earlier.

This works well for the clients.

This works well for me.

There is plenty of business.

This business works well because of the principle of “the benevolent authority”.

When you can solve a problem you become the “benevolent authority”.

This is especially true when there is urgency.

If there is time pressure you are the only game in town.

What this means to you is that you negotiate from an elevated position.

This is exactly what happens when you go to the doctor with broken arm.  When your arm is broken, do you procrastinate, wait and look around for a better deal? 

NO!

You go to the doctor and get treated quickly for a fair deal.

Last minute foreclosure stops is the business of the day.

It is about you providing a valuable service, at a fair price, with minimal negotiation, and with a quick client decision.  What can be better?

The client gets to keep the property for a few more months.

You get paid excellent for a couple of hours of work!

There is no time waste!

I charge a fair price. 

What I charge is less than renting a small apartment in my area.

I am effective and charge cash on the spot.

How much longer can the homeowner stay at the property?

It depends.  From a few weeks to a few months.

I did one in May 4^th.  Today, July 15, the bank finally established the new foreclosure date to be October 16^th.  That is several months worth of living for free.  In the meantime we are doing a loan mod for the client.  Did the client get good deal or what?

Do you want to learn more?

Do you want to get started?

Sign up for this webinar.  You will at least double your money in your first deal.

How about that for a great R.O.I?

 Sign Up Now