Understanding markets- and how to play in them - 11/30/07 10:04 AM
Two types of markets·         Value based, cash flow very little or no appreciation-Gaussian marketso   Stability basedo   Median income versus median home priceo   Tend to not be a destination locationo   Due to socio-nomic factors they tend to be swayed by national events, while the numbers tend not to show, they are fully impacted·         Peak and Valley type markets- Measured by fractalso   Wide curveso   Median Income does not balanceo   Destination Locations- people want to be there, based upon social moodso   The center of Socio-economic events, both good and badyou can buy and sell in both markets
the flat markets will not give as big … (0 comments)

Reading list for the AM COffee - 11/23/07 09:12 AM
http://www.realestatejournal.com/buysell/mortgages/20071116-wessel.html?mod=RSS_Real_Estate_Journal&rejrss=frontpage … (0 comments)

Corp Quants at work! - 11/23/07 09:10 AM
http://mortgage.freedomblogging.com/2007/11/19/freddie-macs-subprime-losses-could-hit-5-billion/ could be 1 billion could be 5 in other words we do not know Mr Murphy is having the time of his life
… (0 comments)

New Case Law for Foreclosures - 11/23/07 09:07 AM
Before we all get excited about this
THIS RULING WILL DELAY THE CYCLE AND DELAY THE HEALING OF THE MARKET
this is being appealed, they should win
 this would cause the crash of the financial system
Was a bit surprised by this ruling. I think its more about a judge trying to give homeowners more time or, trying to make a name for himself
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58799
from the article
Deutsche Bank held the home loans through a packaged bundle of loans bought in what is known as a Mortgage Backed Security, or MBS, the home-owner version of the more general Collateralized Debt Obligation, or CDO, packaged by … (0 comments)

Real estate investing has been made very complicated - 11/23/07 08:57 AM
Real estate investing has been made very complicated. People have done this to sell information products. I am not knocking information products. They have helped me along the way. Never has any one product held the path to wealth. Really and truly, real estate investing is a game; some people play the game better than others. The key to success is actually playing the game. If you do not have a team on the field. You will never get a chance to score. Here is the whole game in a nutshell. Buy Low, sell high, and spend less money that you … (2 comments)

Why you should share Knowledge even when they dont get it - 11/23/07 08:55 AM
I sometimes feel like I am wasting time with some of the newer members of our chosen profession, but I remember my newer days and take a deep breath and help them as I was helped, here is whythe concept for the frustration is known as.....neko ni koban - literally "gold coins to a cat" is an idiomatic Japanese proverb with the same meaning as "casting pearls before swine" (豚に真珠, which is a translation of "pearls before swine," is commonly used as well.) SNIPPED synonyms Perler for et svin Peerloer fur iet swine - Literally "Pearls for a swine", Danish and … (0 comments)

With 2007 coming to an end, in 2008, a better way - 11/23/07 08:51 AM
I am quite excited about the prospects of the coming year. In 2007 I stayed pure, focused on Real Estate, and still made some money! The most important thing is..... I trained my mind during this down turn. Many in this market have quit investing. The latest mantra is multiple streams of income. While it is a noble concept. "He who tries to grab all the apples, usually gets none". The key is to success is to stay pure and stay focused. It's kind of like driving and talking on the cell phone. You would get better results and be much … (0 comments)

The Real Estate Market in the Rear View Mirror - 11/19/07 05:46 PM
 
The state of the Real Estate Market seems to be all the rage of late, Lots of conjecture, speculation and hand wringing. Unlike the stock market, which at the end of the day you know what happened. It takes time for a clear picture of the Real estate Market. The Illiquid nature of Real Estate is partial to blame for this. The process is complicated with modalities in both the administrative and recognition facets.
The current foreclosure trend illustrates this point. Last month we had 1500 filings. We are on pace to match that in November as well. Seems like the … (3 comments)

Novemeber Foreclosure Update - 11/18/07 08:20 PM
Lee County 843 records 9 filing days left this month 76 a day average 1500 projection for this montha short month before complete dejection sets in......... 6 to 12 months ago another 1500 people quit paying their mortgage whats going on today 281 had a homestead excemption, par for the trend_________________Jeff Tumbarello H. G. Wells - "Human history becomes more and more a race between education and catastrophe." … (1 comments)

Spent some time today running numbers - 11/17/07 11:10 AM
Spent some time today running numbers I look forward to seeing the data 12 months from now; I suspect the picture will not be quite as bad. Just as the picture was not as good in 05 and 06, as we thought We have a hazy mess of a market picture Inventory numbers look quite high Unemployment is up; No question as to that, the headline leads you to think, this is Detroit now, well the numbers they are comparing against are record lows. So.........? http://www.news-press.com/apps/pbcs.dll/article?AID=/20071117/BUSINESS/711170477/1075 Lee County's jobless rate rose to 5.3 percent in October, the highest rate . Oh … (0 comments)

Mortgage Numbers For Sept. Lee County Fl - 11/12/07 11:59 PM
 
I pulled these directly from public records
the banks are still doing some business!
The market is not as bad as it seems now, as it was not as good as it seemed in 2005
Hindsight is 20/20
we see the market in the rearview mirror
… (1 comments)

Some Thoughts on the down market in SWFL - 11/08/07 01:09 PM
there is plenty of business being done in SWFL
if you choose to find it and adapt your business models
most choose not to adapt, so they wither on the vine
I have more money in the bank now than 2005, because I started researching and thinking
when you read news, you are reading about something that happened months ago
last month, I helped Dick Hogan write the foreclosure piece in the paper
there were over 1500 fore closures, sounds bad right?
those people stopped making payments 6 to 12 months ago???
 Hmmmm.. so what so happening today?
I dump deeds from Lee County and Mortgages, each month into excel, … (0 comments)

A glimpse into some new Cape Inventory - 11/08/07 12:38 PM
Search Results-Property Details Date to be Sold 11/7/2007 Case Number 2006-06975 Lis Pendens 12/28/2006 Parties Involved Royal West Properties Inc vs Jesus A Pino Plaintiff's Atty Ronald J Fernandez (305) 412-2281 Property Address 2510 NW 18th Avenue Cape Coral, FL 33993 Legal Description CAPE CORAL UNIT 80 BLK 5139 PB 22 PG 143 LOTS 56 + 57 Folio Number 28-43-23-C3-05139.0560 Property Type Vacant Residential Deed BK/PG 2007000094566 Mortgage BK/PG 3682/4377 Loan Date 6/24/2002 Original Loan Amt $6,750.00 Last Payment 7/1/2002 Loan Balance $4,687.86 Mortgage Type Claim of Lien Prior Sale Date 3/15/2007 Prior Sale Amount $35,000.00 Final Judgement $15,368.88 Total Assessment … (0 comments)

So. there is No business IN Lee County Fl? - 11/08/07 12:32 PM
The truth shall set us free
here is the mortgage break down, I pulled these from public records looks like somebody is doing some closing entity units average total Boa 397 281,144 54,872,253 wachovia 296 338,637 33,637,937 suntrust 213 302,890 32,409,264 countrywide 172 349,555 30,526,535 jp morgan 164 377,008 31,103,220 suncoast 118 166,907 9,931,000 wamu 99 661,350 33,067,541 fifth third 83 311,604 13,087,000 regions 50 50 1,306,055 33,304,406 world savings 38 434,462 8,472,776 mortgage brokers pushing paper are a thing of the past totals $849,403,416.04 $849,403,416.04 sum $541,538.68 average this is resi and commercial were a few 12,000,000 loans_________________Jeff Tumbarello H. G. … (0 comments)

Price versus Value, in Real Estate - 11/08/07 12:30 PM
at the time of purchase, rent might have been 550 a side, to be bought for 160,000. Start warming up the gallows. 1 payment made.. trying to not be a first payment default.... this property is going to auctionSearch Results-Property Details Case Number 2007-13444 Lis Pendens 10/25/2007 Parties Involved Deutsche Bank National Trust Co. as trustee vs Ariel Puentes Plaintiff's Atty Billi Pollack (954) 233-8000 Property Address 5553-57 Second Avenue Fort Myers, FL 33907 Legal Description Pine Manor Unit 1 Blk 4 Pb 9 Pg 134 Lots 15/16 Folio Number 11-45-24-01-00004.0150 Property Type MULTI FAMILY Deed BK/PG 2005000046280 Mortgage BK/PG 2007000106203 … (0 comments)

Ben let the cat out of the bag today - 11/08/07 12:15 PM
Read thru the headlines see's economic slowdown into 2008--meaning we are in an economic slowdown now what is an economic slowdown---recession we are already there with that election thing out their, its better not to say the word JT NEWS ALERT from The Wall Street Journal Nov. 8, 2007 Fed Chairman Ben Bernanke said that while the most recent data suggest a "resilient" economy, growth should slow "noticeably" this quarter and into 2008 as the housing slump intensifies. In prepared testimony to the Joint Economic Committee of Congress, he said he expects the economy to strengthen later next year, and that … (3 comments)

How to Prepare Short Sale Contracts - 11/07/07 07:48 PM
Lee County General Meeting
**Due to November's Meeting being so close to Thanksgiving Day/Holiday, the SWFLREIA is combining the Collier and Lee County Meetings into One Meeting!  The meeting will be held in South Fort Myers**
**No General Meetings are held during the month of December for all locations**
WHEN:  Wednesday, November 14th, 2007
WHERE:  Island Park Bridge Club
16520 South Tamiami Trail, Ft. Myers, FL.
TIME:  Doors Open at 6:00 PM / Meeting Starts at 6:30 PM
 
FEATURED SPEAKER:
Kevin Jursinski
Real Estate Attorney
Kevin F. Jursinski is recognized as one of the premier attorneys in Southwest Florida concentrating his practice in the area of real estate and business law.  
   
Topic: … (3 comments)

FAR/BAR contract preparation and documentation with a focus on short sales - 11/01/07 10:07 AM
Lee County General Meeting
**Due to November's Meeting being so close to Thanksgiving Day/Holiday, the SWFLREIA is combining the Collier and Lee County Meetings into One Meeting!  The meeting will be held in South Fort Myers**
**No General Meetings are held during the month of December for all locations**
WHEN:  Wednesday, November 14th, 2007
WHERE:  Island Park Bridge Club
16520 South Tamiami Trail, Ft. Myers, FL.
TIME:  Doors Open at 6:00 PM / Meeting Starts at 6:30 PM
 
FEATURED SPEAKER:
Kevin Jursinski
Real Estate Attorney
Kevin F. Jursinski is recognized as one of the premier attorneys in Southwest Florida concentrating his practice in the area of real estate and business law.  
   
Topic: … (1 comments)

Naples, FL , Real Estate Luncheon - 11/01/07 10:06 AM
<!---->S.W. Florida R.E.I.A. 3602 Broadway C-4 Fort Myers, FL 33901Phone: (239) 247-5061 … (0 comments)

Real Estate Luncheon, SWFL, lets network and learn - 11/01/07 10:05 AM
<!---->S.W. Florida R.E.I.A. 3602 Broadway C-4 Fort Myers, FL 33901Phone: (239) 247-5061 … (0 comments)

Final Lis Pendens Numbers SWFL - 11/01/07 10:03 AM
Final Lis Pendens Numbers Lee 1538 records homestead 472 records Collier 355 records homestead 122 records Charlotte 220 records homestead 86 records WOW next time the view of real estate swings toward the positive, lets have some EDJAMACATED folks sitting in the chairs at the county in hindsight its quite funny, build 10,000 houses for the heck of it I feel a bit vindicated during the mania, I tried talking everyone I could out of pre-con the "pepsi" generation told me I was an idiot I wish they were right not that I was not ready to make the same mistakes … (1 comments)

 

Jeffrey Tumbarello

Fort Myers, FL

More about me…

South West Florida Real Estate Investment Association

Cell Phone: (239) 671-8248

Email Me



Links

Archives

RSS 2.0 Feed for this blog