Foreclosure Prevention Workshop July 23, 2013

Foreclosure Prevention Workshop July 23, 2013
Event on 2013-07-23 18:00:00

Do you want to know more about the modification process? What is Making Home Affordable? Are you struggling to make your mortgage payments? Will making your mortgage payments become difficult? Do you know someone who is struggling to make their mortgage payments? This workshop will educate you on the options that are available to you. We will also explain what you need to do in order to work with one of our Counselors. Contact David Kausek at dkausek or at 408.579.6511 for more information.

Parking will be available accros the street at the 3rd street parking garage.

at NHSSV Office – 3rd Floor #310
31 North 2nd Street
San Jose, United States

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Rick Otton Reveals Why Interest Rate Announcements Don’t Faze Him

(PRWEB) July 18, 2013

Rick Otton, successful author and property millionaire, today asked why people were so fixated on the Reserve Bank of Australias monthly decisions on interest rates.

I was asked if I was relieved on 2 July when the cash rate was unchanged by the RBA. Sometimes, people assume that because I have a lot to do with property investing, interest rates are really important to me, said Mr Otton.

I dont understand it. People pay so much attention to a couple of percentage points, as if it were life and death but with the strategies I use for property investing interest rate fluctuations dont matter at all. Being at the mercy of banks is to me a very constrained way to build long term wealth.

Mr Otton has built a successful property portfolio using non-traditional property investment strategies. His focus, outlined in his book How To Buy A House For A Dollar, is on growth and cash flow. Notably, he says getting out of the traditional savings, deposit, mortgage mindset is the key to ignoring the Reserve Banks decisions.

Ive seen too many people banging their heads up against a brick wall, thinking that they cant get into property investment for reasons that no longer hold true: because they dont have real estate experience, or a huge deposit, or masses of equity, or cant get a home loan or the interest rates are too high, said Mr Otton.

During his ultimate real estate bootcamps and real estate investment courses, Mr Otton has taught thousands of people his unique, people-focussed methods.

I love real estate, and thats why it is my full time focus. In fact, my mission is to get ten thousand Australians to buy a house for a dollar! One of my favourite moments during my seminars and bootcamps is seeing the penny (or maybe its the dollar!) drop for people, and they realise that these strategies can actually work for them.

Using my techniques and tools, you dont need to worry about whether the interest rate is low, high or tied in a bow. Its not about waiting for a number to rise or fall. Its about identifying a problem and finding a solution that works for the seller, the buyer and for you. We can leave the banks, and their mortgages and interest rates, out of it entirely, Mr Otton said.

Mr Otton has a series of live events coming up in Australia in August. Go to to find out how you can learn how to be impervious to interest rate fluctuations.

About Rick Otton

Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.

He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.

Mr Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.

As well Mr Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.

In 2013 Rick is celebrating the 10 year anniversary of introducing his property option strategies to real estate investors in the United Kingdom the first person to reveal these ground-breaking strategies. In 2008 he created the first of his Houses for a Pound strategies, upon which he grows as markets and laws evolve.

Mr Otton has been featured in a variety of television programs and magazines and in 2013 he published How To Buy A House For A Dollar for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. A UK version is on the drawing board.

For full details of Mr Ottons open-to-the-public free one day seminars visit or phone, in Australia 1300 888 450.

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Renovation Lending AmeriFirst Expert Panel Discussion In today’s housing market many home buyers are finding foreclosed homes, vacant houses and fixer uppers. Instead of mov…

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Create or Order your Free Personal Search

Create or Order your Free Personal Search
This custom IDX solution supplies Dubois with the tools to grant home seekers immediate and open access to COMLS listings, add-on slide shows and mortgage calculators, as well as provide email updates and search save options for each individual …
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Less than a 20% deposit? 8 things you need to know about lenders mortgage
8 things you need to know about lenders mortgage insurance (LMI). By Larry Schlesinger Friday, 19 July 2013. While requirements may differ slightly from lender to lender, in general if you have to borrow 80% or more of the value of a residential …
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Old Orchard – Redfin’s Free Home Buying Class

Old Orchard – Redfin’s Free Home Buying Class
Event on 2013-07-23 18:00:00

Thinking about Buying?

Thinking about buying your first home but don’t know where to start? Redfin’s expert agents walk you through the home buying process so you know what to expect. 

What We'll Cover:

  • Is buying for you?
  • Chicago home prices, inventory levels, and market conditions
  • Finding an agent & tools for home search
  • Home finance from pre-approval to mortgages
  • Quick review of the purchase process & special property types (short sales, foreclosures)

Your Host, Redfin Agent Ken Snedegar

Ken Snedegar is a lead agent on Redfin's North Shore Team. Want to meet him before the class or just have a quick question? Feel free to give him a call at (773) 398-7314 or email him at . He's happy to answer all of your home buying and selling questions. 


Free and Never any Obligation

Our mission is to reinvent real estate.  A big part of this means we want you to be as informed as possible about buying or selling a home.  Attending this class doesn't obligate you to work with a Redfin agent; just come to learn, eat, and drink!

at Maggiano’s – Old Orchard
4999 Old Orchard Shopping Center
Skokie, United States

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Global Equity Finance Hosts First Successful Build-a-Bike Charity Event

San Diego, CA (PRWEB) July 18, 2013

Global Equity Finance, a San Diego-based national mortgage and refinance company, announced today the success of their first Build-A-Bike charity event. The event, held Sunday July 14th at the North Clairemont Recreation Center in San Diego, was aimed at purchasing and building bicycles for 6 families who have survived domestic violence.

Raising over $ 2800 from community donations in just over 30 days for the event itself, Global Equity along with their co-sponsors Go Time Fitness, Tech Defense, Magic 92.5FM, and Saks Fifth Avenue were able to purchase and build 10 bikes for children of the YWCA and Beckys House. Over 150 people were in attendance at the event, which also hosted raffle games, live music and entertainment.

Sarina Baccam, Global Equitys chief events manager and coordinator of the event commented that, “When we set out to start this, the goal was to provide these 10 kids with the same kind of enjoyment every other kid gets from owning and riding a bike at some point in their childhood. As a home loan and refinance company, its obviously important to us that everyone have a roof over their head, but we also understand how important a community can be as well. Many of the children here will miss out on a ‘normal’ childhood; many will never get to ride a bike. Many of these children have seen violence firsthand. We wanted to give them a chance at something that every child should have the ability to ride their very own bike. We dont just lend loans at GEQ, we lend hands as well.”

Based on the success of this charity event, the company hopes to host similar outings in the near future.

About GEQ Finance: Global Equity Finance, Inc. was founded in April 2005 by a core group of investors set on changing the way the mortgage world conducted business. The business was built on a three-pillar foundation of integrity, intelligence, and customer service. Since opening, GEQ Finance has quadrupled in size, expanding business to better serve customers.

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The Way We Live Now

The Way We Live Now
Event on 2013-07-13 00:00:00
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Gallery Luisotti is pleased to announce its upcoming exhibition, The Way We Live Now, curated by Shirley Irons. Taking the title from Anthony Trollope’s 1875 satiric novel about the all-too-familiar excesses of human behavior that arises during peaks of economic prosperity, the works in The Way We Live Now, in their distinctly bleaker visions, suggest the impending dusk awaiting the end of every golden age. Artists in the exhibition include Jane Dickson, David Deutsch, Heidi Schlatter, Lucia Love, Barbara Ess, Clover Archer, Susan Willmarth, and Irons.

Living through the malaise of the financial crisis of 2008 has undoubtedly shaken what confidence we had in the concept of a free economy that, in hindsight, we passively hoped would have the moderation to not cannibalize itself. The well-wishing proved to be an enormous miscalculation. What we can take from a Bernie Madoff or Wall Street investment houses, or Melmotte, the intractable character of runaway greed in Trollope’s novel, is how a single bad idea can systemically ruin the lives of many others. This exhibition offers the post 2008 world through visions of learned melancholia: empty streets, emptier houses, signages that once acted as symbols of relief but no more (Heidi Schlatter, Crowd Control; Jane Dickson, LV 10 (Auto Loans), 2008). When the money is gone, the people disappear as well.

Melotte’s dream of attaining his fortune was veiled under the haphazard guise of creating a new railway connecting Salt Lake City to the Mexican coastline port of Veracruz. Over a 135 years later, the psychological itch to build empires through pointless activities of construction –necessitating the willing marks to fund such ventures- is all too alive and well. The disaster of the sub-prime mortgage initiative that triggered a housing boom built on money that never quite existed is exemplified in the strange qualities of the houses in the show. Schlatter and Dickson’s houses are classically well-proportioned but eerily removed of any signs of life; Susan Willmarth’s small, tombstone-like Heart Hut, 2000 is less a figure of a home than it is an object marking the time of an exceptionally reckless era. The easy gains of a brief moment is soon lost. Like Barbara Ess’ photographs of an unused bridge and a darkened hillside, taken in the appearance of a surveillance still-shot, no one should expect a return to contentment soon.

As some cultural thinkers have attested, the financial crash had the effect of putting an end to the cycle of a certain American lifestyle, the lid put on by the invisible hand of a culture raised on the expectations of having more, and wanting it for no apparent reason than simply expecting so. History doesn’t necessarily repeat itself as it serves to remind those things that anchor our past. Ess’ blurry photograph of the Kennedy shooting in 1963 also attests to a collective loss of innocence to a generation, granting a purview of how this era of unrest will soon remember itself. Clover Archer’s drawing of New York Times broadsheets printed on a particularly bad day, December 21, 2008 (Periphery: For Every Given Focus), is a reminder as much as a discomforting repetition of the stories of economic woes and an endless war that is very much with us today. In the midst of such endless bad news, David Deutsch’s installation of suburban houses’ roofs taken at night with a searchlight from above is about finding something that may have been already lost, save for the beautiful shadow of ugly things. Trollope found a well-source of humanism in the industry of men. Commodified and bankrolled, this sentiment seems far from the past. Irons’ somber light bulb (Bulb, 2013), wan and unlit, attests that Trollope’s hope too, when folly wed financial ambition, may have reached its point of twilight.

For more information about the artists and the exhibition, or for a complete curriculum vitae of the artists, please contact Gallery Luisotti at (310) 453-0043 or by email at .

at Lora Schlesinger Gallery
2525 Michigan Avenue, #T3
Santa Monica, United States

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Recent Pennsylvania HARP Refinance Report Encouraging for Underwater Homeowners Even With Mortgage Rates on the Rise

Pittsburgh, PA (PRWEB) July 16, 2013

HARP Mortgage Lender (, a national network of mortgage professionals who are approved for the Home Affordable Refinance Program, reported that recent Pennsylvania HARP refinance numbers for underwater homeowners are still showing a positive trend in savings for thousands of eligible borrowers, even though mortgage rates continue to rise.

According to the most recent numbers provided by the FHFA, as of June 12, 2013, 1,663 PA homeowners with loan-to-value ratios greater than 80% refinanced last month, totaling 5,849 year-to-date. A unique benefit with the revamped HARP Refinance Program is that the negative equity caps were removed, which has allowed 970 borrowers in Pennsylvania who owe more than 125% on their mortgage to refinance since the inception of the HARP Loan.

CLICK Here to see if your loan scenario fits Pennsylvania HARP Refinance Guidelines.

Compared to the Obama Administration’s claim that the average savings for HARP refinancers is $ 3,000, this means that underwater homeowners in PA have saved a total of $ 4,300 per year through the PA HARP Loan Program or about $ 358 every month.

Other encouraging news for the Pennsylvania real estate market comes from CoreLogic, (analytics and business services), that reported as of June 12, 2013 the number of homes with negative equity has decreased over the past 12 months from 11.0 percent to 10.3 percent.

Even with the trend in mortgage rates rising over the past month, according to Freddie Mac, Pennsylvania HARP mortgage professionals polled by have not noticed a drop in the number of HARP applications.

“While rates have bumped a bit in the past month, homeowners who are underwater on their mortgage balance can still save a significant amount of money on their monthly payments,” says Mark Madsen, Vice President. “Our Pennsylvania mortgage professionals are still reporting monthly savings for their clients in the $ 300- $ 350 range for borrowers who are eligible for the HARP program and work with banks who are not restricted by negative equity caps.

About HARP

The Home Affordable Refinance Program was amended in October of 2011 through an agreement between the Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac, which simplified the accessibility of the program for borrowers looking to refinance through mortgage lenders.

A main goal of the Home Affordable Refinance Program (HARP) is to help responsible borrowers with the process of streamline refinancing. Eligible borrowers who are current with mortgage payments but have seen their home lose value are given the option of HARP refinancing.

HARP 2.0 eligibility guidelines:

1) Fannie Mae or Freddie Mac owns or has guaranteed first loan.

2) Fannie or Freddie purchased the loan prior to May 31, 2009.

3) Borrowers must be current with mortgage payments.

4) Borrowers owe more than their home is worth, or there is minimal equity.

5) All mortgage payments have been prompt in the past 6 months.

6) No sixty (60) day late payments in the last 12 months.

Click HERE to check HARP Eligibility

HARP Mortgage Lender is a nationwide online network of home loan professionals and lending institutions that are authorized to deal in the Obama Administrations revamped versions of the Home Affordable Refinance Program (HARP 2.0 – 3.0). To learn more from a HARP specialist, call toll-free at 888-460-2939.

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Home Loan Servicing Solutions Q2 13 Earnings Conference Call At 11:00 AM ET

Home Loan Servicing Solutions Q2 13 Earnings Conference Call At 11:00 AM ET
loading. ( – Home Loan Servicing Solutions Ltd.( HLSS ) will host a conference call at 11:00 AM ETJuly 18, 2013, to discuss its Q2 13 earnings results. To access the live webcast, log on at For replay a call, dial 1-203-369 …
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The next move in interest rates is likely to benefit borrowers. Picture
Return to start of sidebar. Lisa Montgomery, managing director of mortgage broker Resi, said home-loan customers were flocking to fixed rates in "droves". "The three-year fixed-rate periods have been very popular with borrowers fixing, in some cases …
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Warren targets Sallie Mae over Home Loan Bank credit line
The controversy stems from Sallie Mae's use of the Federal Home Loan Bank of Des Moines as a source of credit. The company can borrow cash from the federally chartered institution at 0.23 percent interest with federally guaranteed student loans serving …
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Waterstone Defeasance, LLC Facilitates Defeasance of $82 Million CMBS Portfolio

Charlotte, NC (PRWEB) July 17, 2013

Waterstone Defeasance worked on behalf of Asset Development Group, a leading manufactured housing operator based in Wisconsin, to defease a portfolio of A Notes and B Notes that had been placed in two separate CMBS securitizations in 2004. Waterstone was able to gain approval to consolidate the 20 separate loans into two portfolios of securities, thereby saving the borrower a substantial amount of potential transaction expenses. The borrower was also permitted to defease to the first available par payoff date, rather than the maturity date, resulting in a lower defeasance cost and higher proceeds for the borrower.

James M. McKevitt, CFO of Asset Development Group said On our behalf, Waterstone Defeasance navigated through the defeasance process. The communication lines were always open; they delivered as promised, on time and at a savings to budget. It is always nice to have things go as planned.

What is Defeasance?

In commercial real estate, defeasance is a process a borrower may need to go through when selling property or refinancing a loan encumbered by CMBS debt. Defeasance is a substitution of collateral activity where a portfolio of government securities are purchased from new loan proceeds, and the cash flow from these securities are used to satisfy the remaining debt service of the existing CMBS loan. The CMBS loan is subsequently assumed by a Successor Borrower, which is an entity created to hold the securities and make the future ongoing monthly loan payments. Upon closing of the defeasance, the mortgage is released and the property can now be encumbered by the mortgage from the new takeout debt.

About Waterstone Defeasance

Waterstone Defeasance, LLC is an independent consulting firm specializing in assisting commercial real estate borrowers through the defeasance process. Since 2005, Waterstone Defeasance has defeased hundreds of CMBS loans, and has developed an industry leading revenue sharing program.

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