Candis's Blog

HomeOwners/HomeBuyers Relief Initiative Saturday May 30, 2009

Trinity Real Estate — Thu, 28 May 2009 08:11:06 -0500

Philadelphia Metropolitan Board of Realtist present

HomeOwners/ HomeBuyers

Relief Initiative

WHEN:May 30, 2009

TIME:9:00 am-1:00 pm

WHERE:Mt. Carmel Baptist Church

5732-36 Race Street

Philadelphia, PA 19139

Free Giveaways, Prizes, Light Refreshments

WHO SHOULD ATTEND

ANYONE who is at risk of losing their home to foreclosure
ANYONE is interested in learning the steps needed for homeownership
ANYONE interested in learning about ReverseMortgages

www.PreventPhillyForeclosures.com

Making a difference in the Real Estate Community

Trinity Real Estate — Fri, 17 Apr 2009 09:20:20 -0500

Philadelphia Homeowners Offered Education and Relief

State Representative Jewell Williams Joins with Philadelphia Metropolitan Board of Realtist to Announce City-wide Homeowner Foreclosure Initiative

PHILADELPHIA, PA, - In light of the distress in the housing market, the Philadelphia Metropolitan Board of Realtist (PMBR) and NID-Housing Counseling Agency (NID-HCA) of Philadelphia are planning a one-day prevention workshop to educate Philadelphia residents currently at risk of losing their homes. Joining the effort is State Representative Jewell Williams, who has pledged his support.

PMBR is the local chapter of The National Association of Real Estate Brokers, the nation's oldest minority trade association, whose goal is to ensure that all citizens have the right to equal housing opportunities under the law.

Foreclosure Prevention Awareness Day, is scheduled for Saturday, May 2, 2009 at 1:30PM at the Lonnie Young Recreation Center 1100 E. Chelten Avenue- Philadelphia, PA

Expected in attendance are Candis Pressley-Blackwood of Trinity Real Estate and president of PMBR, along with vice president Derrick Jackson. Pressley-Blackwood also spearheads the local NID-HCA as a Certified Housing Counselor and will represent their interests during the one-hour press announcement. Also in attendance will be State Representative Jewell Williams of the 197^th Legislative District.

"We remain hopeful that the housing market will stabilize itself in the coming months," Pressley-Blackwood, who was named 2008's 30 Under 30 REALTORS® by the National Association of Realtors ® shared. "In the meantime, we will do our part to educate and support residents, and everyone who will listen."

For more information, call 267-385-7624

Ever consider a career in Real Estate? Think now's a bad time

Trinity Real Estate — Fri, 09 Jan 2009 21:27:37 -0600

Ever considered a career in Real Estate? Enroll in our Pre-Licensing classes starting January 26, 2009 in convenient Mount Airy- Philadelphia, PA at the Real Estate Learning Annex. Visit www.RealEstateLearningAnnex.com or call 215-525-0138. We have convenient payment options available. Seating is limited so don't delay. Classes are held twice a week on Mondays and Wednesdays. All Instructors are seasoned Real Estate Brokers. If you're on the fence about entering the Real Estate business consider this: There is always a need for housing and Real Estate is the backbone of our economy.

Also, the Pennsylvania Real Estate market has been very stable. For instance, in Philadelphia the average sales price of a home was $185,000 in 2007 and in 2008 the average sales price was $180,000. I love being in the Real Estate business and the various opportunities it has afforded me. Right now, as an expert in my field I have increased my education efforts not only for myself as the consummate Real Estate professional but I have also re-focused my efforts on educating consumers so they can make informed decision on buying a home. I have found this quite necessary with the many challenges in obtaining financing. I encourage you to attend our classes so you can become licensed. We will soon offer online pre-licensing courses as well as Continuing Education courses. EDUCATION IS THE KEY. Email me or call me if you have any questions

Food for thought: Up is the movement towards possibilities.

Candis Pressley-Blackwood Director, Real Estate Learning Annex 3212 W Cheltenham Avenue Philadelphia, PA 19150 215-525-0138 www.RealEstateLearningAnnex.com

Foreclosure Trends in Philadelphia, PA

Trinity Real Estate — Tue, 30 Dec 2008 11:43:35 -0600

Nationwide Agent Network

Candis Pressley-Blackwood Trinity Real Estate 3212-16 W. Cheltenham Ave, Philadelphia, PA 19150 "Trinity Real Estate "Your Realtors For Life" My business philosophy is to treat each & every client as if they are the only clients we have. My goal is to provide prompt, professional service and keep"

Phone: 215-381-0774 Email: candis.pressley@trinityrealestate.net

November 2008 Vol 2 Issue 24

Download PDF File

6 month Pennsylvania Foreclosure Trends

NOD

NTS

NFS

LIS

REO

Search for Investment Properties>

PENNSYLVANIA FORECLOSURE ACTIVITY DOWN 4 PERCENT IN OCTOBER

Foreclosure filings were reported on 4,005 Pennsylvania properties in October, a decrease of 4 percent from the previous month, but still 26 percent above the level reported for October 2007, according to the latest RealtyTrac® U.S. Foreclosure Market Report. "Foreclosure filings decreased slightly in Pennsylvania between September and October, though activity remains elevated compared to the same time last year," said James J. Saccacio, chief executive officer of RealtyTrac. "Though the threat of unemployment looms, the Keystone State's economy is fairing better than the nation, largely because its construction sector is still experiencing a boom." Complete Story

Need A Mortgage? Forget Banks

By Peter Miller

You might think that after the government gave the nation's nine largest banks $250 billion that new mortgages would be as common as tree pollen. Unfortunately, banks are hoarding their federal money in large measure to bolster their own balance sheets and potentially to buy other banks. "The banks could use the money from the government for any number of things," says The New York Times. "Some analysts say the banks may use it to acquire weaker competitors. Others say they might use it to avoid painful cost-cutting. And still others say the banks may sit on the capital." Complete Story

Here are some of the most recent Investment opportunities in the area.

Pre-Foreclosure

Sherwood Rd
Philadelphia,
PA 19131

Market Value
Default Amount
N/A
N/A
Beds/Bath
Sq. FT
0/0
1,352

Property TypeAddressMarket ValueDefaultSq. Ft.

Bank-Owned	Lansdowne Ave, Philadelphia, PA 19131	$80,000	N/A	0	GET DETAILS
Auction Auction Date: 12/19/08	Macdade Blvd, Darby, PA 19023	N/A	N/A	0	GET DETAILS

View more properties in Philadelphia County

Did Foreclosures Change The Presidential Election?

If you want to know how the 2008 presidential election was won you need to look no further than the nation's biggest foreclosure centers. Seven of the top 10 foreclosure states voted Republican in the 2000 and 2004 presidential elections. This time around the Democrats captured eight of the top 10 foreclosure states. The difference in terms of electoral votes is significant. In the 2000 and 2004 presidential elections today's 10 leading foreclosure states produced 97 electoral votes for George Bush and 87 votes for Al Gore (2000) and John Kerry (2004) In 2008 the top-10 states generated 159 electoral votes for Obama - and just 25 for McCain. Complete Story

Foreclosure Trends : September, 2008 NationalPennsylvaniaPhiladelphia CTY NODs NTSs NFSs LISs REOs

32,599	0	0
56,320	11	4
24,373	1,364	297
54,573	1,439	487
80,137	1,335	173

Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee's Sale (NTS)A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs

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Are you a member of NAREB? Are you a Realtist?

Trinity Real Estate — Tue, 18 Nov 2008 18:25:07 -0600

You should contact the Philadelphia Metropolitan Board of Realtist for membership information or visit www.PhillyMetroRealtist.org

Philadelphia, PA Foreclosure Market Trends

Trinity Real Estate — Tue, 18 Nov 2008 17:07:54 -0600

Nationwide Agent Network

Phone: 215-381-0774 Email: candis.pressley@trinityrealestate.net

October 2008 Vol 2 Issue 22

Download PDF File

6 month Pennsylvania Foreclosure Trends

NOD

NTS

NFS

LIS

REO

Search for Investment Properties>

PENNSYLVANIA FORECLOSURE ACTIVITY DOWN 15 PERCENT IN SEPTEMBER

Pennsylvania reported 4,189 properties with foreclosure filings in September, a 15 percent decrease from the previous month but 10 percent ahead of the level reported for September 2007, according to the latest RealtyTrac® U.S. Foreclosure Market Report. "Although Pennsylvania foreclosures decreased in September, the numbers are still up from this time last year," said James J. Saccacio, chief executive officer of RealtyTrac. "Statistics show that the state's home sales decreased further than the national average during the past year. This, in addition to the overall decline in the housing market, is likely contributing to the rise." Complete Story

The Government Goes After Loan Officers

By Peter G. Miller

Few mortgage loan officers or underwriters have been held responsible for mortgages that turned sour, in some measure because blame is often difficult to establish. The result is that fees and commissions earned during the past few years have been virtually untouched, even as substantial numbers of lenders, investors and borrowers have failed. Now the immunity enjoyed by lenders may be at an end. A new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. Complete Story

Here are some of the most recent Investment opportunities in the area.

Pre-Foreclosure

W Montgomery Ave
Philadelphia,
PA 19131

Market Value
Default Amount
$45,000
N/A
Beds/Bath
Sq. FT
0/0
0

Property Type	Address	Market Value	Default	Sq. Ft.
Pre-Foreclosure	Pennsgrove St, Philadelphia, PA 19131	N/A	N/A	0	GET DETAILS
Bank-Owned	N Creighton St, Philadelphia, PA 19131	$3,900	N/A	0	GET DETAILS

View more properties in Philadelphia County

Is Now The Time To Buy Foreclosures?

Assets worth trillions of dollars have been wiped out in the past year, and it's difficult to look at investing in stocks or property and not wonder makes sense in such troubled times. It's often said that some of the most successful investments have been made by going against the grain, by selling when most are buying and vice versa. In the context of foreclosures, going against the grain now would mean buying while others are selling. Is there any sense to such a strategy? Not a guarantee of profits, but some lucid and reasonable case for such purchases? Complete Story

Foreclosure Trends : August, 2008

National		Pennsylvania	Philadelphia CTY
NODs	61,892	0	0
NTSs	69,693	25	3
NFSs	24,234	1,777	452
LISs	57,156	2,197	1,013
REOs	90,893	922	134

Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee's Sale (NTS)A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs

Did you participate in NAR's Call to Action

Trinity Real Estate — Tue, 18 Nov 2008 16:40:47 -0600

Support NAR's Four-Point Housing Stimulus Plan

Support NAR's Four-Point Housing Stimulus Plan
Congress may soon consider a new economic stimulus bill. Housing has always lifted our economy out of past economic downturns so it is imperative that Congress focus on housing in the next stimulus package.
We need ALL members to support NAR's efforts to have the NAR Four-Point Housing Stimulus Plan included in any future stimulus bill.

Contact Congress today and ask them to include NAR's Four-Points in the next stimulus package.

Send a letter to the following decision maker(s):
Your Congressperson
Your Senators

Below is the sample letter:
Subject: Reviving the real estate market must be the focus of any future stimulus bill
Dear [decision maker name automatically inserted here],
As a constituent and a Realtor, I ask that Congress focus any future stimulus package on reinvigorating housing markets. The current crisis is the result of problems in the nation's housing markets. Efforts to boost the economy must calm jittery real estate markets.

Earlier, the National Association of Realtors (NAR) proposed a 4-Point Housing Stimulus Plan that should be part of any new stimulus package. NAR's plan would:

*Make the $7500 first-time homebuyer tax credit available to all buyers and eliminate repayment requirements. The credit's limited availability and rep! ayment r equirement severely limit the credit's use and effectiveness.

*Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules for 2009 will reduce them. Now is not the time to limit mortgage affordability.

*Get the Treasury relief program back on track and target more funds to mortgage relief. Create a federal mortgage interest buy-down program to make below-market rates available and stabilize home prices.

*Permanently bar banks from engaging in real estate brokerage and management. The banks have proven they have enough to do to simply manage the loan process. Banks should not manage home sales and purchases.

Housing has always lifted our economy out of past economic downturns. It's imperative now to foster a housing recovery, so that the economy can recover. Thank you for your hard work.
Sincerely,

Candis Pressley-Blackwood

Take Action!

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What's At Stake:

NAR is urging Congress to include the following four provisions in any future legislation:

Make the $7500 tax credit available to all purchasers! and eli minate the repayment requirement.
Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent.
Get the Emergency Treasury bank relief program back on track.
Permanently bar banks and banking conglomerates from engaging in real estate brokerage.

Campaign Expiration Date:
November 30, 2008

Did you know about FHA's new Loan limits???

Trinity Real Estate — Tue, 18 Nov 2008 16:39:33 -0600

FHA New Loan Limits for 2009

FHA New Loan Limits for 2009:

1 unit: $379,500
2 units: $485,800
3 units: $587,250
4 units: $729,800

The Housing and Economic Recovery Act of 2008 has revised FHA guidelines

NEW DOWNPAYMENT REQUIREMENTS:
As of January 1, 2009
The single down payment requirement for all purchases is 3.5%
Closing costs and prepaid are in additions to the 3.5% down.
6% seller contribution is still allowed.

NEW MORTGAGE INSURANCE PREMIUM
As of October 1, 2008
The up-front Mortgage Insurance Premium for all purchases is 1.75%
Monthly mortgage insurance for LTVs > 95 is .55%
Monthly mortgage insurance for 95 LTV or less is .50%

To stay informed
Contact Sandy Sims
484-802-3114
sandy.sims@ncmc.com

Beautiful South Philly rehab- $159,900

Trinity Real Estate — Tue, 18 Nov 2008 15:57:33 -0600

Fabulous rehab! Spacious, bright open, airy open floor plan- downstairs complete with maple Hardwood floors on first level. New windows on first level new kitchen complete with maple cabinets,ceramic tile backsplash and stainless steel appliances. Upstairs complete with spacious bedrooms, wall to wall carpet, and great closet space. Newly remodeled and enlarged bathroom complete with double sinks, ceramic tile throughout. Make this fantastic home yours today. Owner is licensed in Real Estate in Pennsylvania
$159,900 Click here to view Virtual Tour