Paul's Blog

Making Home Affordable Program..Will it work or be a flop?

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Wed, 28 Oct 2009 18:04:11 -0500

Its is said if you are familiar with the Short Sale process, throw all that knowledge out. Purge your memory! From what I read about the program, it may take a bit of relearning. Of the several new procedures, the one(s) that stood out were: we longer have to fight the lender on commisions, what ever is agreed upon by the seller is what it shall be, with a cap of 6%, the listing period will be set by the lender loss mitigation negotiator, and lastly the lender establishes the listing price.

Are the new Oklahoma Residential contracts contradicting the Real Estate code

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Tue, 27 Oct 2009 18:19:13 -0500

According to

SUBCHAPTER 13. TRUST ACCOUNT PROCEDURES

605:10-13-1. Duty to account; broker

Under paragraph (c) Interest bearing account.

"(A broker shall not be prohibited from placing escrow monies in an interest bearing account; however, he or she must disclose in writing to all parties that the account bears interest and identify the party receiving the interest. The Commission does not prohibit the broker from receiving the earned interest. In the event the interest is credited to the broker, the broker should, upon final consummation of the transaction, immediately disburse the interest from the account or insure that the amount does not exceed a reasonable amount to cover normal financial institution charges. The broker is required to maintain complete and accurate records of the interest earned. The interest bearing account must be a demand type account; this prohibits the use of certificate of deposit or other types of time deposits as trust/escrow accounts.)"

So how can the new residential contract demand that the interest be paid to "Oklahoma Housing Foundation? The statement only appears in the Residential contract.

RPAC Oklahoma

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Thu, 15 Oct 2009 16:42:43 -0500

Do not blink! The fundraising deadline for 2009 RPAC funds is quickly approaching - October 16, 2009. The scoreboard shows several boards/associations are very close to meeting their fundraising goals. Your contribution could make the difference!

Point 2 Agent site

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Thu, 15 Oct 2009 16:29:40 -0500

Why are the people at Point2Agent worried about my last login? I would understand if they were free, but they are not. Each month my fee is paid through my card. But they say if I do not login the website will be considered inactive. If it goes inactive, will they stop taking my money?

Lawton Area Construction Permits Remain Steady!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Mon, 12 Oct 2009 14:52:13 -0500

The construction permits topped out at over $8.2 million last month, due to steady new home construction along with commercial and nonprofit ventures. There were a total of 18 new home permits issued valued at nearly $3.1 million. This figure is down from the August total, but up from the same period last year.

The average number of closing also increased from an average 106.8 to 157 per month for the past six months (March - August), couple with an average price increase of approximately 13%. The new construction sales numbers increase from 149 (March - August 2008) to 181 for the same period this year (March - August 2009).

Many of these improvements are thought to be occuring for several reasons; improved consumer confidence in the Lawton area, very attractive interest rates, the arrival of new families (BRAC). Although the influx of the military families has not had any large immediate effect; many hold off from buying right away due to frequent deployments, having homes in other parts of the country that are not experiencing the same results as Lawton and the rest of Oklahoma has. But in the next two to three years there is expected another construction boost.

After the REOTRANS Name change...hopefully!!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Fri, 09 Oct 2009 17:43:17 -0500

Hopefully after the name change "Equator" will do something about the BPO form on their site. On several occasion I have filled in the entire form, hit save submit and it take me back to the login page....all data lost!! It does not have the capability to save input data as you go along, if you hit save it takes you out of the form. Normal input for me takes about 30 minutes if I do not have anyone distrub me. Has this happened to anyone else?

I name thee Equator!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Sat, 03 Oct 2009 23:39:02 -0500

I received this email only minutes ago. I guess this was or is to be announced this coming Monday, notice the date line of the message. They discuss how and why the change of name is to be made.

LOS ANGELES, CA - October 5, 2009 - REOTrans announced today it will be changing its name to Equator. The reason for the name change is to facilitate the expansion of its technology solution. Since its inception in 2003, REOTrans has grown beyond REO automation to become the epicenter of the Default Servicing Industry. The name change is scheduled to take place at the end of Q4, 2009.

"The founding principles that have earned our client's trust will remain, the only thing changing is the name," said Chris Saitta, CEO of REOTrans. He went on to say, "Growth requires change, to enable our growth we're changing our name to Equator." The company chose the name to represent its scope and purpose. The Equator is comprehensive yet precise and a point of change. It's also rich in metaphor to help communicate and perpetuate the company's identity.

REOTrans currently provides a comprehensive technology platform that automates and connects the Default Servicing industry. The platform includes a configurable workstation, vibrant marketplace, transactional web site and a borrower self-service portal. It automates everyone's daily process while connecting them and their disparate systems in a safe and transparent ecommerce environment.

Currently 51 Mortgage Servicers, 15,000 Default Vendors and 625,000 Real Estate Agents use the platform to manage over 150,000 transactions daily. There has been over $65 billion in foreclosed real estate sold through the platform

# # # # #

REOTrans
6060 Center Drive, Suite 500.
Los Angeles, California 90045

The Good Things About Oklahoma...Lawton and Surrounding Communities!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Sat, 03 Oct 2009 14:18:09 -0500

Relocating to Lawton/Ft Sill or leaving the community, let my relocation expertise be your guide. No matter where you are going or coming from I can get you there! Real estate in Lawton has been strong for many years and with the recent Base Realignment and Closure announcements (BRAC), all indications are that strength will continue. Home sales, including single-family houses, condos/ townhouses have appreciated dramatically.

This last year has brought about a big change in the Lawton/Ft Sill real estate market. After a long period of dramatic inventory increases, the local market seems to be leveling off on supply. This could of course be a temporary lull, but it could also signal the first step in a stabilization of the marketplace.

If you are looking to buy a home, this is still a great time to find that perfect home! With close to over 1000 homes to choose from, which include new construction pre-existing single family, single family with acreage, condo/townhouses and many anxious sellers waiting for an offer you could not have timed it better. Many of the home builders are now are offering large incentives on spec homes, assisting with the closing costs, free options, privacy fencing, yard sprinkler systems, and security systems among other incentives. Please remember if you wish to view or need information on any of the Lawton homes for sale, you can count on me.

Give me a call (580) 248-4400, or contact me paul@pauldurry-realestate.com to discuss your real estate needs. We are a international company with more than 150,000 professionals, in over 70 countries with the experience and insider know how to get you and your family organized in no time.

The communities of Cache, Geronimo, Elgin, which surround Lawton/Ft Sill, offer unparalleled real estate opportunities. Fueled by many industries, a strong military presence, affordable home prices, a significant increase in jobs, and by good planning, all kinds of housing can be found in these areas. There are urban condos/townhouses, condos/townhouses on golf courses, and properties for both families and retirees.

Being close to Lawton/Ft Sill gives each of these communities easy access to the advantages of a major urban city while living away from it all.

Single family homes range from remodeled existing to new construction homes in communities ideal for raising children. There is still land ideal for dream homes, and almost unlimited real estate investment opportunities.

Oklahoma real estate is both beautiful and spectacular. Thus it offers a unique environment, with incredible recreational opportunities, stunning scenery and wonderful weather, ideal for families, and for retirement.

Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose [I Want To Buy A Home] and fill in the requested information. Or, search for yourself at [Search MLS]. Click here for my FREE! [Home Buying Guide].

Lawton OK Goodyear Plant Celebrates

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Sat, 03 Oct 2009 12:49:26 -0500

With the Lawton Goodyear plant celebreting it's 30th year anniversary on Thurday, it showed the Goodyear's will continue to roll despite the downturn. The plant here had on hand special guest NASCAR driver Kurt Busch, where he helped in building a tire, and signed autographs for the fans in attendance. He stated "This was a blast", and his tour of the facilities.

The plant was also celebrating the production of it's 500 millionth tire, an occurance that is expected later on this month. When the demand for original equipment tire from the major automakers slowed, the plant switched gears, and moved production to mainly the after sector. With that strategy to company did not have to left go any of it's workers. in fact according to the plant manager they have hired about 200 new workers to help bring production up to full capacity. Goodyear does not reveal what production capacity is but the trade pubilcation Rubber & Plastics news said it is around 66,000 tires a day.

Oklahoma Military Relocation BRAC Style

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Fri, 02 Oct 2009 17:51:34 -0500

Hello all from sunny Oklahoma. If all of you have been following the news of the last couple of years, there was a process called Base Realignment and Closures (BRAC). It has became unfortunate for many communities that have a military facility nearby. Many of these communities must make the adjustment of not having the revenue or the residents of these facilities.

On the fortunate side (for me), I am smack in the middle of the realignment side. Within a 110 to 150 radius are located a total of five military facilities (Vance AFB, Altus AFB, Ft Sill, Shepard AFB, and Tinker AFB. Thus out of these facilities Ft Sill is fairing the best. And guess where I am? Ft Sill traditionally has been know as the Home of Field Artillery, that was the old days, we are now called the U.S. Army Fires Center of Excellence and Ft Sill. You may ask why such an exotic name. Well here is why, as part of the realignment process Ft Bliss is loosing it's school - Air Defense Artillery (ADA) and being moved to Ft Sill. Constuction has already begun!

So here it comes, I am paying a 30% referral fee for all buyers that qualify and buy through me. Have anyone in mind?

Where Commitment Makes The Difference!

Paul L. Durry

Broker Associate

RE/MAX® PROFESSIONALS, REALTORS®

Company: (580) 353-7496

Office: (580) 248-4400/4525

Mobile: (580) 620-3247

Fax: (580) 353-4981

paul@pauldurry-realestate.com

pauldurry@remax.net

http://www.pauldurry-realestate.com/

http://www.lawtonokhomefinder.com

http://www.lawtonokhomefinder.net

New Construction

Military Relocation

Luxury Properties

Single Family Residence

Investment Properties

How Many Lives Does the Industry Have Left???

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Sun, 07 Sep 2008 22:39:34 -0500

As you know or may have heard. The Fed to the rescue again today. How long will this go on?

Government Takes Control of Fannie, Freddie

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Sun, 07 Sep 2008 21:13:16 -0500

Today the federal government has taken control of mortgage giants Fannie Mae and Freddie Mac. The Treasury Secretary said Fannie and Freddie posed a systemic risk to the economic health of the country and "cannot continue in their current form." Both of the top executives at both companies have been dismissed, and thus the recently formed Federal Housing Finance Agency (FHFA) has been appointed conservator of both of the GSEs, and is being held accountable for reorganizing and rehabilitating their business affairs.

Acapulco Property...Co-broker, and Promoting agents needed

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Thu, 04 Sep 2008 14:30:52 -0500

At present I have a client that wishes to sell some acreage in Acapulco. My client has been appointed custodian and has special power of attorney. All fees will be paid in accordance with I.R.E.S. fee structure.

Here is an example breakdown of fee to be paid;

Co-Brokers 2= 2.5% each

*Promoting Agent (Procuring Agent)(s) = 2%

Buyer's Agent (Selling Agent)= 3%

*Promoting Agent can be anywhere in the world, if their promotion effects produce a buyer, their efferts are thus compensated.

My Blog to the Blog..BPO company that pays really fast!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Wed, 27 Aug 2008 09:53:05 -0500

I had to respond to this blog once again, so here I am with the rest of the story.

This is the excerpt of the email I sent to them asking why they would not honor their original offer.

This conversation will appear in reverse as it goes back to the initial inquiry below

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Mamatha,

After talking to you today about accepting the Interior order, I asked you how much your company was going to pay, but when I got back to my office and checked my messages. I found that you had deceived me into asking for a lower amount. I am not pleased with how you did this. I will have the order completed as scheduled between us.

The below message was sent to me prior to our conversation!

Attention: Paul Durry with Paul Durry

This is your first order notice (Jul 28 2008 1:54PM) for a/an BPO .

DO NOT REPLY TO THIS EMAIL ADDRESS as this is an automated email from Residential RealEstate Review Inc.

-ORDER INFORMATION--

RRReview Order #: 1583677

ADDRESSS:

DATE ASSIGNED: Jul 28 2008 1:55PM

DUE DATE: 07/28/08

ORDER TYPE: BPO

INSPECTION: Interior

PHOTOS: Check the order instructions below for additional photo

requirements

All sides of subject, all interior rooms and damages, street scene

FORM: RRR Online BPO Form

RUSH: YES

FEE: $160.00

MORTGAGOR: INTERIOR ACCESS CONTACT:

Phone Eve: N/A Cell Phone: N/A

ORDER INSTRUCTIONS:

Front, address verification and street scene photos are needed along with

MLS photos of the 3 sales and 3 list photos. Interior BPOs: In addition

to what is required of exterior photos you will need to provided photos of

rear of home, every room, mechanicals and all repairs needed

* Photos must be in .jpg format. No other formats are permitted for

photos.

* Note: all deadlines must be met and all forms must be filled out

completely to receive payment for this order.

--CONFIRMATION INSTRUCTIONS--

Immedidate confirmation is required. If RRReview.com does NOT receive your

confirmation of this order within the next twelve (12) hours, this order

will be cancelled and reassigned to another agent.

Note: if this property is listed in your office or listed by you; you

MUST decline this order.

To ACCEPT or DECLINE this order, log onto your profile by clicking this

link. You may also copy and paste the entire link into the address bar of

your web browser:

http://www.rrreview.com/orders/pv/confirmorder.asp?RRRNumber=1583677&AgentID=29109

Your Login ID: @$*%

If you have questions regarding this order, you may call us during

business hours (Monday - Friday 8am - 7pm EST 1-866-876-5095.

Thank you for working with Residential RealEstate Review Inc.

Residential RealEstate Review, Inc.

10401 Deerwood Park Blvd.

Jacksonville, FL 32256

866-876-5095

http://www.rrreview.com

From: Mamatha Siddaiah [mailto:MamathaS@rrreview.com]
Sent: Monday, July 28, 2008 1:00 PM
To: Paul Durry - Paul Durry
Subject: RRR Order #1583677 (826 NW 33rd St)

Hi ,

As per the tele-conversation, I had with you regarding an Interior BPO at xxxx I have already accepted the order on your behalf as discussed over the phone. Please go online at www.rrreview.com/agent to view the details of the order.

The order has to be completed on Wednesday i.e.. 07/29/2008 by 10 AM EST and it requires All four sides of the subject, front view, street scene photo, address verification, all interior rooms, all damages, plus street view of neighbourhood, repair addendum (interior) and values of three comparables and three listings (with photos).

Note: To gain access, please contact :

The Access Person is vvvvvvvvvvv

The fee for this is $85

Agent Instructions:

Front, address verification and street scene photos are needed along with MLS photos of the 3 sales and 3 list photos. Interior BPOs: In addition to what is required of exterior photos you will need to provided photos of rear of home, every room, mechanicals and all repairs needed

Thank you

Michelle(Mamatha)

BPO processor

Residential Real Estate Review

Ph: 801-313-6185 Ext:32390

Fax: 801-270-7971

All orders must be completed by the due date.

•· Contact RRR within 24 hour of receiving this order if you have any problemslocating the subject property or issues with interior access.

•· Subject properties with signs in the yard must include listing information or an explanation of the sign purpose.

•· Use the comparable properties (sales and listings) that best represent the current subject market conditions. If REO, bank-owned and/or distressed properties are a driving force in the market and are used as comparables please provide brief comments describing the market conditions.

•· Utilize property characteristics if provided.

•· For interior orders, include all exterior sides, all interior rooms, any interior damages & repair addendum, as needed.

•· Complete orders per the details in the Notes/Special Instructions fields to ensure orders are processed efficiently once submitted.

NOTICE OF CONFIDENTIALITY : This electronic message and its attachments (if any) are intended solely for the use of the addressee hereof. In addition, this message and the attachments (if any) may contain information that is confidential, privileged and exempt from disclosure under applicable law. If you are not the intended recipient of this message, you are prohibited from reading, disclosing, reproducing, distributing, disseminating or otherwise using this transmission. Delivery of this message to any person other than the intended recipient is not intended to waive any right or privilege. If you have received this message in error, please promptly notify the sender by reply electronic message and immediately delete this message.

I then write him back with;

Mamatha,

How can you say that when the original email from your company states the fee is $160 for a rush order. Please do not try and insult my intelligence as it is clearly stated below in the forwarded email. Please do not worry I will comply this time. I just want honesty with the people I deal with.

Again the original email is attached to show them the jig is up!!

-----Original Message-----
From: RRR Order Confirmation [mailto:noreply@rrreview.com]
Sent: Monday, July 28, 2008 12:55 PM
To: paul@pauldurry-realestate.com
Subject: RRReview.com BPO order assignment. Order # 1 assigned to agent# 007

Attention: Paul Durry with Paul Durry

This is your first order notice (Jul 28 2008 1:54PM) for a/an BPO .

DO NOT REPLY TO THIS EMAIL ADDRESS as this is an automated email from

Residential RealEstate Review Inc.

--ORDER INFORMATION--

RRReview Order #: 7rewq

ADDRESSS: 4578 xyet#

DATE ASSIGNED: Jul 28 2008 1:55PM

DUE DATE: 07/28/08

ORDER TYPE: BPO

INSPECTION: Interior

PHOTOS: Check the order instructions below for additional photo

requirements

All sides of subject, all interior rooms and damages, street scene

FORM: RRR Online BPO Form

RUSH: YES

FEE: $160.00

~~~~~~~~~~~~~~~~~~~~~~~~

Nice try...if so get your system fixed!

From: Mamatha Siddaiah [mailto:MamathaS@rrreview.com]
Sent: Monday, July 28, 2008 4:39 PM
To: Paul Durry
Subject: RE: RRReview.com BPO order assignment. Order #19#@!&^ assigned to agent# 007

I think by Error Electronically it will come but we just believe in verbal conversation

From: Paul Durry [mailto:paul@pauldurry-realestate.com]
Sent: Monday, July 28, 2008 3:33 PM
To: Mamatha Siddaiah
Subject: RE: RRReview.com BPO order assignment. Order #?????? assigned to agent# 007

So who sent me the other email from your company?

From: Mamatha Siddaiah [mailto:MamathaS@rrreview.com]
Sent: Monday, July 28, 2008 4:28 PM
To: Paul Durry
Subject: RE: RRReview.com BPO order assignment. Order #????? assigned to agent# 007

no paul, as I told the maximum that we pay is $80 hence i asked you how much you would charge

From: Paul Durry [mailto:paul@pauldurry-realestate.com]
Sent: Monday, July 28, 2008 3:24 PM
To: Mamatha Siddaiah
Subject: RE: RRReview.com BPO order assignment. Order #????? assigned to agent# 007

During our conversation I asked how much the fee was, then you asked me how much I would charge. Knowing fully that your company had already offered $160, and I was not in my office to see the email.

From: Mamatha Siddaiah [mailto:MamathaS@rrreview.com]
Sent: Monday, July 28, 2008 4:13 PM
To: Paul Durry
Subject: RE: RRReview.com BPO order assignment. Order #????? assigned to agent# 007

before confirming I asked you , what the fee that you would charge hence i confirmed for the fee you requested

From: Paul Durry [mailto:paul@pauldurry-realestate.com]
Sent: Monday, July 28, 2008 3:13 PM
To: Mamatha Siddaiah
Subject: FW: RRReview.com BPO order assignment. Order #????? assigned to agent# 007

Mamatha,

Attention: Paul Durry with Paul Durry

This is your first order notice (Jul 28 2008 1:54PM) for a/an BPO .

DO NOT REPLY TO THIS EMAIL ADDRESS as this is an automated email from

Residential RealEstate Review Inc.

--ORDER INFORMATION--

RRReview Order #: ?????

ADDRESSS: 76%$@#

DATE ASSIGNED: Jul 28 2008 1:55PM

DUE DATE: 07/28/08

ORDER TYPE: BPO

INSPECTION: Interior

PHOTOS: Check the order instructions below for additional photo

requirements

All sides of subject, all interior rooms and damages, street scene

FORM: RRR Online BPO Form

RUSH: YES

FEE: $160.00

MORTGAGOR: Doe, Jane

INTERIOR ACCESS CONTACT:

Phone Day: 580- Phone Eve: N/A Cell Phone: N/A

ORDER INSTRUCTIONS:

Front, address verification and street scene photos are needed along with

MLS photos of the 3 sales and 3 list photos. Interior BPOs: In addition

to what is required of exterior photos you will need to provided photos of

rear of home, every room, mechanicals and all repairs needed

* Photos must be in .jpg format. No other formats are permitted for

photos.

* Note: all deadlines must be met and all forms must be filled out

completely to receive payment for this order.

--CONFIRMATION INSTRUCTIONS--

Immedidate confirmation is required. If RRReview.com does NOT receive your

confirmation of this order within the next twelve (12) hours, this order

will be cancelled and reassigned to another agent.

Note: if this property is listed in your office or listed by you; you

MUST decline this order.

To ACCEPT or DECLINE this order, log onto your profile by clicking this

link. You may also copy and paste the entire link into the address bar of

your web browser:

http://www.rrreview.com/orders/pv/confirmorder.asp?RRRNumber=1583677&AgentID=

If you have questions regarding this order, you may call us during

business hours (Monday - Friday 8am - 7pm EST 1-866-876-5095.

Thank you for working with Residential RealEstate Review Inc.

Residential RealEstate Review, Inc.

10401 Deerwood Park Blvd.

Jacksonville, FL 32256

866-876-5095

http://www.rrreview.com

has notified the sender that this message has been received.

So it must be official...Or is it?

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Wed, 13 Aug 2008 17:45:47 -0500

While reading a blog the other day, the question was going around about who would replace OCWEN. Well one of our fellow agents Tom T Rogers came up with the answer. Countrywide will indeed be the next Property Management Contractor for the VA REO's. Here is the link that he provided; http://www.vba.va.gov/ro/cleveland/REO_sales.htm. Now as you will see there is no direct contact for you to sign up. They just provide an email at: rembrokercommunications@countrywide.com.

USRES and RESNET are they worth it?

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Wed, 13 Aug 2008 17:04:12 -0500

I was offered listing today by USRES, but they said I must register with Resnet to get tyhe listing. They charge the agent $250 a year to be registered, then they dictate how the commission will be distributed, (listing agent 2%, selling agent 3%, and they take 1%). Should I take it.

30% Referral

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Thu, 31 Jul 2008 17:48:38 -0500

Got Clients moving to Lawton/Ft Sill

Receive up to 30% Referral Fee*

Where Great Service, Commitment, and Experience Make The Difference!

Paul L. Durry

Broker Associate, CHMS, I.R.E.S.

RE/MAX® PROFESSIONALS, REALTORS®

1701 NW Cache Rd.

Lawton, OK 73507

Company: (580) 353-7496 ext. 224

Office Direct: (580) 248-4400

Toll Free: (866) 418-4525

Mobile: (580) 620-3247

Fax: (580) 353-4981

paul@pauldurry-realestate.com

pauldurry@remax.net

http://www.pauldurry-realestate.com

http://www.lawtonokhomefinder.com

http://www.lawtonokhomefinder.net

New Construction

Military Relocation

Luxury Properties

Single Family Residence

Investment Properties

Short Sales

VA Compromises

REALTOR® Referral Fee 30%

Lawton Home Values Increase......

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Fri, 14 Mar 2008 14:01:58 -0500

FOR IMMEDIATE RELEASE

LAWTON HOME VALUES INCREASE BY 5.68 PERCENT IN 2007

OAR's "Good Thing You're in Oklahoma" Campaign To Present the Facts About the Oklahoma and Local Real Estate Markets

OKLAHOMA CITY, Oklahoma, March 6, 2008 - Home values in Lawton increased in 2007 by nearly six percent, according to a report released today by the Lawton Board of REALTORS®. The report, based on local and statewide polling sponsored by the Oklahoma Association of REALTORS® (OAR) contradicts national media coverage on a national residential housing downturn.

The report is part of OAR's "Good Thing You're in Oklahoma" campaign, a research-based effort to inform home buyers and sellers about the facts in Oklahoma's housing market.

Lawton residential real estate bucked the national trend in both home values and sates volume in '07. The average sales price for an existing home in Lawton rose by 5.68 percent last year, from $109,668 in 2006 to $115,902 in 2007. Statewide, the average sale price for an existing home in Oklahoma increased by 4-24 percent in 2007, from $143,669 in 2006 to $149,758 in 2007.

"While the real estate industry in some parts of the country is facing some serious challenges, today's report underscores the fact that home ownership throughout Oklahoma continues to be an affordable, stable and secure investment," said Tammy McCullar, OAR president "Our 'Good Thing You're in Oklahoma' campaign is designed to present the facts about the Oklahoma housing market, which remains an affordable, stable and secure source of value as a long-term investment."

Since 2002, the average sales price of an existing home in Lawton has risen by an average of 8.61 percent per year. The average sales price for an existing home in Lawton in 2007 reflects almost a 51 percent increase from the 2002 average sales price for an existing home of $76,702.

"The housing market in our part of the state is trending in a positive direction and not reflecting what's happening on a national level. That's why we believe it's important that Lawton residents know the facts about our community," said Betsy Parks, 2008 president of the Lawton Board of REALTORS® - one of the 25 OAR local boards in the state. "The most important fact emerging from our research is that home values remains a bargain, compared to almost any housing market in the nation, and a great investment in terms of the increasing value of our residential property".

Lawton Home Values Increase......

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Fri, 14 Mar 2008 09:35:16 -0500

FOR IMMEDIATE RELEASE

LAWTON HOME VALUES INCREASE BY 5.68 PERCENT IN 2007

OAR's "Good Thing You're in Oklahoma" Campaign To Present the Facts About the Oklahoma and Local Real Estate Markets

The report is part of OAR's "Good Thing You're in Oklahoma" campaign, a research-based effort to inform home buyers and sellers about the facts in Oklahoma's housing market.

W-M Realty Group (aka W-M group)

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Fri, 25 Jan 2008 17:09:01 -0600

The other day I saw a post in reference to W-M Realty Group (aka W-M group). I had just gotten an order from them and had completed it. I then learned their rep was not to good. At that time I thought this was the 1st assignment from them.

Today I got a check in the mail from guess who? YEP!! But do not get too excited, it was for work I had did for them over 4 years ago...

Links to Monitor Economic and Housing Trends

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Mon, 03 Dec 2007 13:34:48 -0600

Useful Links to Monitor Economic and Housing Trends

The following are links to useful information from government agencies and NAHB that will enable you to monitor the housing market.

To access the latest information available, simply click the links.

U.S. Census Bureau Construction Price Indexes
NAHB's Housing Forecast
Housing starts, sales and interest rate projections through 2007.
Latest Home Mortgage Interest Rates
Contains current and historical data on fixed and adjustable mortgage rates. Updated weekly.
Historical Facts, Figures and Trends
Includes new home starts and sales, average and median home prices, homeownership rates, characteristics of new homes and more.
Characteristics of New Housing
Highlights the latest data on new-home characteristics released by the U.S. Census Department. Includes links to the complete Census report and other trends researched by NAHB.

Additional breakouts of this data and other trends researched by NAHB are available at www.nahb.org/constructionstats under "Selected Characteristics of New Housing" (dated 6/13/2006).
Housing Starts
Updated monthly and based on a seasonally adjusted annual rate.
New and Existing Home Sales
Updated monthly and based on a seasonally adjusted annual rate.
New and Existing Single-Family Median Home Prices
Updated monthly.
Home Price Index
The index measures average home appreciation in more than 250 metropolitan markets. Updated quarterly.
Metro Home Building Permits
Local and state data on housing construction rates. Updated monthly.
Employment Trends for Metro/State Markets
Provides metro and state employment data nationwide. Updated monthly.
Local Economic Impact of Housing
Shows how building 100 homes benefits a typical metropolitan area.
Home Building's Direct Impact on the Economy
Housing's Contribution to Gross State Product
Measures how much housing contributes to the economic output of each state.
Housing Market Statistics from HousingEconomics.com
Full array of statistical categories available to NAHB members, a limited number available to non-members.
In-Depth Analysis from HousingEconomics.com
Full array of analysis of factors affecting housing and the impact on the industry available to NAHB members, a limited number available to non-members.

*Data Links Provided Courtesy of NAHB

Humpday Humor: Oklahoma

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Wed, 14 Nov 2007 09:55:48 -0600

Forget Red necks, here is what Jeff Foxworthy has to say about folks
from Oklahoma....

If someone in a Lowe's store offers you assistance and
they don't work there, you may live in Oklahoma.

If you've worn shorts and a parka at the same time, you
may live in Oklahoma.

If you've had a lengthy telephone conversation with
someone who dialed a wrong number, you may live in Oklahoma.

If "Vacation" means going anywhere south of Dallas for the weekend,
you may live in Oklahoma.

If you measure distance in hours, you may live in Oklahoma.

If you know several people who have hit a deer more than once, you may live in Oklahoma.

If you install security lights on your house and garage, but leave both unlocked, you may live in Oklahoma.

If you carry jumper cables in your car and your wife knows how to use them, you may live in Oklahoma.

If the speed limit on the highway is 55 mph -- you're going 80 and everybody is passing you, you may live in Oklahoma.

If you find 60 degrees "a little chilly", you may live in Oklahoma.

If you actually understand these jokes and forward them to all your Okie friends & others, you will definitely love to live in Oklahoma.

We're friendly folks!

Where Commitment Makes The Difference!

Paul L. Durry

Broker Associate

RE/MAX® PROFESSIONALS, REALTORS®

1701 NW Cache Rd.

Lawton, OK 73507

Company: (580) 353-7496 ext. 224

Office Direct: (580) 248-4400

Toll Free: (866) 418-4525

Mobile: (580) 620-3247

Fax: (580) 353-4981

paul@pauldurry-realestate.com

http://www.pauldurry-realestate.com/

http://www.pauldurry.remax-oklahoma.com/

http://pauldurry.point2agent.com/

New Construction

Military Relocation

Luxury Properties

Single Family Residence

Investment Properties

Free Brochures: http://app.ihousemarketreach.com/?module=Brochure&action=Display&acnt=CRM6087

Dish Network Satellite TV: http:/www.vmcsatellite.com/?aid=191056

Pre Humpday Humor: What did you do?

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Tue, 09 Oct 2007 18:08:13 -0500

Here is mine: I ran over my best friends' boyfriend, because the voices told me to.

The month you were born:
>>> > January------I kicked
>>> > February-----I loved
>>> > March---------I karate chopped
>>> > April-----------I licked
>>> > May-----------I jumped on
>>> > June----------I smelled
>>> > July-----------I did the Macarena With
>>> > August-------I had lunch with
>>> > September---I danced with
>>> > October------I sang to
>>> > November----I yelled at
>>> > December----I ran over

Pick the day (number) you were born on:
>>> > 1-------a birdbath
>>> > 2-------a monster
>>> > 3-------a phone
>>> > 4-------a fork
>>> > 5-------a snowman
>>> > 6-------a gangster
>>> > 7-------my cell phone
>>> > 8-------my dog
>>> > 9-------my best friends' boyfriend
>>> > 10-------my neighbor
>>> > 11-------my science teacher
>>> > 12-------a banana
>>> > 13-------a fireman
>>> > 14-------a stuffed animal
>>> > 15-------a goat
>>> > 16-------a pickle
>>> > 17-------your mom
>>> > 18-------a spoon
>>> > 19------- a smurf
>>> > 20-------a baseball bat
>>> > 21-------a ninja
>>> > 22-------Chuck Norris
>>> > 23-------a noodle
>>> > 24-------a squirrel
>>> > 25-------a football player
>>> > 26-------my sister
>>> > 27-------my brother
>>> > 28-------an ipod
>>> > 29-------a surfer
>>> > 30-------a llama
>>> > 31-------A homeless guy

Pick the color of shirt you are wearing:
>>> > White--------because I'm cool like that
>>> > Black---------because that's how I roll.
>>> > Pink----------because I'm NOT crazy.
>>> > Red----------because the voices told me to .
>>> > Blue----------because I'm sexy and I do what I want
>>> > Green---------because I think I need some serious help.
>>> > Purple--------because I'm AWESOME!
>>> > Gray----------because Big Bird said to and he's my leader.
>>> > Yellow-----because someone offered me 1,000,000 dollars
>>> > Orange-------because my family thinks I'm stupid anyway.
>>> > Brown--------because I can.
>>> > Other---------because I'm a Ninja !
>>> > None----------because I can't control myself .

Now type out the sentence you made, into the blog comments, don't forget to send it. I can't wait to see what you get stuck with......... LOL have
>>> > fun!

Humpday Humor A Day Late!

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Thu, 04 Oct 2007 17:25:10 -0500

Again my friend at the closing company has supplied me with a laugh...

Dusty Underwear
Couldn't resist this one....... One evening a husband, thinking he was being funny, said to his wife
"Perhaps we should start washing your clothes in Slim Fast.

Maybe it would take a few inches off of your butt!!" His wife was not amused, and decided that she simply couldn't let such a comment go unrewarded.

The next morning the husband took a pair of underwear out of his drawer. "What the Hell is this??" he said to himself as a little "dust" cloud appeared when he shook them out. "April," he hollered into the bathroom, "Why did you put talcum powder in my underwear?"

She replied with a snicker... "It's not talcum powder...... It's 'Miracle Grow'."

Lawton Sold Properties By Area: (1 September -30 September 2007)

Paul Durry, Broker Associate, CHMS, I.R.E.S. (RE/MAX Professionals) — Tue, 02 Oct 2007 18:02:37 -0500

		No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM
RESIDENTIAL
Cash		17	$1,192,821	$70,166	$55,000	111
Conventional		16	$1,725,722	$107,858	$97,961	98
VA		35	$3,921,450	$112,041	$101,700	146
FHA		8	$740,400	$92,550	$90,500	100
Other		2	$269,900	$134,950	$134,950	135
Analysis by Area
ALMOR WEST		1	$95,000	$95,000	$95,000	81
AUSTIN		2	$159,900	$79,950	$79,950	81
COUNTRY CLUB ES		3	$224,696	$74,899	$82,500	52
COUNTRY CLUB WE		2	$181,125	$90,563	$90,563	53
CROSSLAND		1	$57,500	$57,500	$57,500	37
CRYSTAL HILLS		3	$381,000	$127,000	$125,000	99
DOVE CREEK		1	$210,000	$210,000	$210,000	60
ENSLEY		1	$35,000	$35,000	$35,000	198
FAIRWAY VILLA		1	$181,000	$181,000	$181,000	137
GAYSWESTMTVIEW		1	$70,000	$70,000	$70,000	151
GOOCH ACRES		2	$112,950	$56,475	$56,475	45
GRAY WARR		1	$117,500	$117,500	$117,500	123
HERFORD MEADOWS		1	$128,000	$128,000	$128,000	87
HUNTER HILLS		1	$129,900	$129,900	$129,900	329
HUTCHINS		1	$24,000	$24,000	$24,000	338
KEYSTONE		3	$406,100	$135,367	$138,600	99
KINGSBRIAR		1	$208,000	$208,000	$208,000	102
LAWTON HEIGHTS		5	$356,322	$71,264	$73,500	154
LEE WEST EST		1	$101,700	$101,700	$101,700	62
LIBERTY HEIGHTS		5	$427,900	$85,580	$65,000	99
LONGVIEW		1	$84,500	$84,500	$84,500	46
MEADOWBROOK		2	$329,900	$164,950	$164,950	51
MILITARY		4	$220,500	$55,125	$52,000	176
MORFORD		1	$98,000	$98,000	$98,000	81
MORFORD HILLS		1	$339,900	$339,900	$339,900	226
MOUNTAIN VIEW		2	$56,000	$28,000	$28,000	80
NORTH		1	$87,000	$87,000	$87,000	29
PIONEER PARK		1	$50,000	$50,000	$50,000	130
REGAL ESTATES		1	$173,500	$173,500	$173,500	118
RIDGECREST		2	$169,900	$84,950	$84,950	147
ROLLING HILLS		4	$483,400	$120,850	$124,700	251
ROLLING MEADOWS		4	$330,400	$82,600	$84,450	109
SELECTED INVEST		1	$55,500	$55,500	$55,500	524
SHERIDAN		1	$64,000	$64,000	$64,000	185
SHERWOOD		1	$152,000	$152,000	$152,000	81
SKYLINE EAST		3	$313,300	$104,433	$104,900	62
STEPHENS		2	$134,900	$67,450	$67,450	66
STRATFORD PLACE		1	$145,000	$145,000	$145,000	180
SUNGATE		1	$102,500	$102,500	$102,500	84
TERRACE HILLS		1	$139,000	$139,000	$139,000	37
WEST WOOD		1	$82,000	$82,000	$82,000	68
WILLOW CREEK		1	$135,000	$135,000	$135,000	136
WILLOW SPRINGS		1	$118,000	$118,000	$118,000	191
WILLOW TREE		1	$207,000	$207,000	$207,000	142
WOOD/HILLS NORT		1	$92,000	$92,000	$92,000	204
WOOD/HILLS SOUT		1	$79,500	$79,500	$79,500	70

	Totals	78	$7,850,293	$100,645	$94,000	123


Non Co-op Sales		36	$3,615,275	$100,424	$98,250	113


Co-op Sales		42	$4,235,018	$100,834	$89,500	132


All Sold Listings		78	$7,850,293	$100,645	$94,000	123

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Where Commitment Makes The Difference!

Paul L. Durry

Broker Associate

RE/MAX® PROFESSIONALS, REALTORS®

Company: (580) 353-7496

Office: (580) 248-4400/4525

Mobile: (580) 620-3247

Fax: (580) 353-4981

paul@pauldurry-realestate.com

pauldurry@remax.net

http://www.pauldurry-realestate.com/

http://www.pauldurry.remax-oklahoma.com/

http://pauldurry.point2agent.com/

New Construction

Military Relocation

Luxury Properties

Single Family Residence

Investment Properties