Tom Armstrong's Rapid Equity Building, Reverse Mortages, No Down Home Loans, Credit, Investment Real Estate, Mortgage, and Miscellaneous Ravings Blog!

IOwnPage1.com- Video Blasting Service to Drive Traffic and Google Page 1 Domination

Tue, 01 Jul 2008 18:51:48 -0500

First thing, let me be right up front that I have a financial interest in www.IOwnPage1.com . OK, now that's off my chest... let's roll...

One of my many interests is in the area of search engine optimization (SEO). It's a game, and games have always intrigued me. Especially one like credit improvement and Real Estate SEO that have vague ill-defined rules.

So, first for my own business, I set out to understand what I could do to gain control over the search engine results in my adopted hometown of Temecula, CA. A major part of that was ActiveRain. I learned about high value keyword links, mirrored blogs, rss, all that stuff. And it works! Within a week or so of starting here at ActiveRain, my blog was showing up on page 1 for all sorts of search terms; Temecula No Down Home Loans, Temecula Bank Owned Homes, Temecula REO Home Loan, and dozens of other combinations.

The thing was, and I'm sure many of you can relate... I knew a bunch of agents and loan officers who either would not or could not duplicate my success because they could not or would not duplicate my effort, even though I penciled it all out and sent it in my newsletter . Many of them asked me to help them get the kind of results I was having on search engines, and were willing to pay me to do it. I never accepted, because I couldn't figure out how to blog on someone else' behalf, about an unfamiliar real estate market in an unfamiliar town. If anybody has the secret to that please let me know.

Then I discovered video... Not that I'd never seen a video before (and just as an aside, I think it is important to note that the video Take On Me, by A-Ha, is the best video ever!), and I had even made a couple using a neat bit of software from Adobe called VlogIt . If you're interested in making your own video blogs, you definitely should have VlogIt. It only costs $29 (you need a webcam) and you're in business.

But the real discovery, for me at least, was how video gets preferred treatment with the search engines; especially Google. Take a look. If you Google "Jackson Rehab Property", you'll see that several of the top 10 placements on page one are videos. My videos. Hmm... ActiveRain and videos... powerful combination...

So I decided to run a couple of experiments. I made a couple of simple property description videos for Maribeth Wright, a real estate agent in Santee, CA, and a couple of simple loan videos for myself. And I uploaded them all over the place; to 60+ sites. Yahoo Video, Google, Video, Youtube, Revver, Vimeo, Myspace, Facebook, podcast.com, and dozens of others

Guess who owns Page 1 for Santee Bank Owned Properties (#'1-7,9 as I write this), Santee REO (1-5,9-10), and about a dozen other phrases? Yep, Maribeth Wright is the perso to see for Bank Owend property in Santee, CA or Santee REO's , at least if you believe Google. And of course, if one looks for Temecula No Down Home Loans (I'm at positions 1 thru 5 as I write), and a dozen other phrases, you'll see that I Own Page 1 on those real estate related search results.

Now, my blog and website were already active, so that helped, but Maribeth had neither a blog nor a website, so I helped he set one up here at ActiveRain, and since she is listed on her broker's website, I linked the videos to that. Which explains why Rick Barker Realty is now showing up on page one for a number of searches. You're welcome Rick....:)

Now, as much as I was frustrated that I could not offer to help people with the blogging side of things (I can only write what I know, not what someone else knows...), I CAN help others out with videos. It's a knack.

So, with a couple of partners, I started a new website, IOwnPage1.com . Basically I have automated the process of creating short videos (we can also use your existing videos and virtual tours in most cases, optimizing them for streaming, and uploading them to 60+ high value sites (myspace, youtube, revver, etc). The hardest part, frankly, is setting up all the accounts with the 60+ free sites. It's a manual task that resists automation. Then getting you into the swing of our system; either uploading your existing video, or creating what amounts to a narrated slideshow, on the fly. It's quite easy actually. If you'll email us a few pictures, and call our toll free audio hotline, we can match them up and have your video ready to submit to all 60+ sites within 48 hours. Within 48 hours after submission, usually a lot less (under a day), you will be able to see your videos showing up in google on page 1.

Now, you could do this all for yourself. If it doesn't intimidate you, I would encourage you do just that. It's very rewarding. It's not rocket science, and I've already told you most of what you need to know. But just like changing the oil or a muffler on a car, it may not be very cost effective or time effective for you to be filming and producing your videos, optimizing them , and uploading them 60+ times to 60+ separate sites. Add that up and it takes a lot more than $97 at minimum wage to get that done. But because we have the proper tools, we can automate much of the grinding work. Your job, as I mentioned before, is to simply email in a couple of pictures and leave a voicemail We'll take care of the rest.

I will say, IOwnPage1.com 's methodology works best for geographically specific terms (like, say Temecula No Down Home Loans , or Temecula Mortgage ), as opposed to "Mortgage", where you are competing with million dollar ad budgets. We target up to six keyword phrases with each submission. The initial setup process will include the first two videos, plus setting up the 60+ video site accounts. Then, just as with ActiveRain, it is important to keep content fresh. So we have a monthly subscription that includes up to two additional videos each month for $97/ mo.

I am so confident in the success we can help real estate agents achieve in their local market, that my partners and I have agreed to offer this GUARANTEE:

"You and YOUR LISTINGS on Google's Page 1 in YOUR local market. In ONE WEEK or LESS. Guaranteed!" Or your set up fee of $497 will be promptly refunded. No questions asked. There's a couple of short videos giving further details at the site, or you can feel free to contact me direct (click the RingMe button below).

Best Regards and See You Outside the Box!

PS If you are listing bank owned properties, and the bank is ready to start working with investors, touch base with me. I may be able to introduce you to some aggressive investors who buy in your area.

Go ahead. Click it...

Loan Modification and Mortgage Relief/ workout Right Way

Sat, 31 May 2008 13:14:58 -0500

Live-Blogging from the Real Estate Investors Expo 2008 .

I've been looking at, investigating and talking to a number of companies that purport to specialize in Loan Modification or Mortgage Relief, in other words; re-negotiating a loan that is in default or is in danger of going seriously past due, which of course, leads to a default.

I've been concerned about a couple of things I see happening. First of all, it concerns me that some of these companies (not all, but some) are charging up-front fees that can be very substantial; upwards of $2000 is not uncommon. I'm concerned that there is little or no accountability for this money in terms of performance of services. I'm concerned that federal and state laws on the subject of loan modification or mortgage relief is skewed to make many (again, not all) of these companies not in compliance with the law. Take a look at California's Mortgage Foreclosure Consultant Act at Civil Code 2945.4(a):

"It shall be a violation for a foreclosure consultant to:
(a) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform."

At the real estate investors show we're co-hostingin Anaheim this morning, I was verypleased to meet Mr. Mark Aviles from Irvine California. His company, based in Irvine, American Mortgage Relief, specializes in loan modifications, and mortgage default workouts.

Mr. Aviles has thought this process through more so than many (again, not necessarily all) of the other companies I have spoken with. He has in-house attornies to review and supervise every loan modification file. He has in-house underwriters to prepare a perfect and approvable mortgage relief package before it is ever seen by the lender. An MOST of all, American Mortgage Relief protects their customers by having them put the fees into escrow. In other words, if they are unable to perform- read that, GET A LOAN MODIFICATION or MORTGAGE RELIEF WORKOUT, then the client's money is simply returned without ever having been in the custody of American Mortgage Relief. That says integrity to me, and I'm happy to help him promote his business. I have no financial interest in his company or his service. This is a much needed service and I hope it is able to help someone who reads this.

See You Outside the Box!

Go ahead. Click it...

www.BestInterestRateSearch.com

Pay Off The Mortgage in 1/3 the Time; No Software or Bi-Weekly/ Extra Payments Required

Fri, 11 Apr 2008 19:45:30 -0500

I've gone round and round with a number of people both on and off ActiveRain, about the various approaches to accelerated mortgage payoff. I think people are pretty familiar with the more straightforward approaches like bi-weekly paymnets, or simply making extra payments to principal when funds allow.

The first thing that I will stipulate is that ALL these various approached will result in an accelerated payoff of one's mortgage.

Because the Money Merge Account; aka MMA, is the one being most breathlessly promoted, I will repeat the same three objections I have always had (LOTTA money for a log-in to a website; web based delivery, and MLM sales channel), with two additional ones just for good measure. Without dwelling too long, I made a pretty good case for my first three objections here. I found it interesting, and still do, that most, not all, but most, of the really noisy objections came from those who were not even in this industry and in most cases, posting anonymously. Kudos to one brave soul for at least arguing with me in public .

To my original arguments against this approach, I add this: How's your HELOC? I bet it's been closed by the bank... They are closing HELOC's willy nilly out there on borrowers with low CLTV's and perfect payment history. Without the HELOC, the whole thing flies apart. Wave bye-bye to that $3500...

My other argument against it is that though hit is a good thing to pay off the mortgage, even if your original HELOC stays open, most of your equity will be locked up; not liquid to you in the event you should need liquidity.

Enough negatives.

After looking at the various software products and finding them all lacking, I have looked again and again at the Mortgage Acceleratorproduct that is backed by GMAC Bank.

I have put together a site, EquityRocket, that offers a comprehensive explanation of how this product works. I built an EquityRocket Mortgage Accelerator Excel Spreadsheet that you can download to run your own numbers and see how fast you might be able to pay off your home with your existing cash flow and expenses accounted for.

There are also several videos you can watch to learn more about the EquityRocket Mortgage Accelerator.

This product is what I am recommending to family and friends when they inquire about how best to pay off their mortgage early. It addresses my concerns in a number of areas.

The equity that is paid off ealry remains liquid. ALL of it.
There is no confusing software to figure out. Just live your life, pay your bills, and it will manage itself.
GMAC Bank is going out of business any time soon.

We can lend in all 50 states, though the Mortgage Accelerator is not licensed in all states.

I'll be posting more about this, but in the meantime, if you'd like to learn how to pay off your home in 1/3 the time, give it a try, download the spreadsheet here or go to the EquityRocket Mortgage Accelerator website and read up. Better yet, do both!

See You Outside the Box!

Go ahead. Click it...

www.BestInterestRateSearch.com

100 Percent Financing to 580 still available at decent rates in California

Tue, 04 Mar 2008 15:53:11 -0600

A lot of people are aware of the CalHFA program, which provides 100% financing for first time home buyers (or those who have not owned for at least three years) for those who can go full doc and have a 620 fico (soo to be bumped to 680). And a lot of people are aware of FHA financing, which can do 97% Purchase financing without regard to FICO score. What a lot of people are not aware of is that there are some "silent second" programs available from CalHFA that can go behind an FHA loan (up to 3%), which then allows you to cover the 3% down payment requirement. Since the FHA loan allows for seller paid closing costs, this allows for true 100% financing at competitive rates on a 30 year fixed with no prepay penalty, all all for nothing out of pocket. At a 580 FICO score.

See You Outside the Box!

Go ahead. Click it...

www.BestInterestRateSearch.com

Best Mortgage and Interest Rate Search Site- SEO focused spidey food

Tue, 04 Mar 2008 11:48:33 -0600

For Low Interest Rate FHA Mortgages.

For Low Interest Rate VA Mortgages.

For Low Interest Rate Conforming Mortgages.

For Low Interest Rate FNMA Mortgages.

For Low Interest Rate Freddie Mac Mortgages.

For Low Interest Rate Fannie Mae Mortgages.

For Low Interest Rate Conventional Mortgages.

For Low Interest Rate CalHFA Mortgages.

For Low Interest Rate California Housing Finance Administration Mortgages.

15 Minutes You'll never get back- Thriller remade with Legos

Sun, 17 Feb 2008 14:07:18 -0600

words fail me...

I know we all waste a little too much time in our lives, but that absolutely takes the cake... Hard not to watch though, isn't it?

Go ahead. Click it...

http://www.bestinterestratesearch.com/

The Funnies From February newsletter

Sun, 17 Feb 2008 13:55:48 -0600

Normally I have only one or two, so I just leave them in the newsletter. This month's collection was exceptional, so I thought deserved their own special place...

Craziest Runway Ever

20 Great Comebacks-My Favorite: "I've had a perfectly wonderful evening. But this wasn't it. "- Groucho Marx

How'd Dey Do Dat?

Best Car Commercial Ever

In the interest of Equal Time: The Best Beer Commercial Ever

Don't Forget To Tip The Parking Attendant

Get Your Monitor Cleaned for FREE!

THIS REALLY CANNOT BE OVER-STRESSED: If you've vanished with $70k and your mistress, don't sign up to appear as an extra in any popular movies.

February ExtraCredit Newsletter- NEW Conf/FHA Loan Limits, PLUS- How To Fix A Broken ARM

Sun, 17 Feb 2008 13:52:25 -0600

Hey All!

Finally something hopeful to chew on... The economic stimulus plan worked out last week in Washington will provide nearly a year of larger, lower cost loans for people buying or refinancing higher-cost homes. It also allows for larger loan amounts on Reverse Mortgages for seniors trying to put their days of mortgage payments behind them.. The legislation specifies that the size of loans that can be purchased by government-sponsored mortgage buyers Fannie Mae and Freddie Mac will be increased sharply for a year from the current cutoff of $417,000.; and more than doubling the size of loans available under the FHA program, from $362,790 to $729,750.** Within no more than 30 days (I expect it within a week), the specific limits by market areas will be published and available. In the meantime, here are the best estimates I have seen:

H.R. 5140 - Increased Loan Limits
CBSA/MSAD Name	Estimated Median Value based on Exclusive MMG Research and Resources	*Adjusted Conforming Limits: 125% of max median price and <= 175% current conforming limit**
Los Angeles-Long Beach-Glendale, CA	$588,400	$729,750
Oakland-Fremont-Hayward, CA	$825,400	$729,750
Oxnard-Thousand Oaks-Ventura, CA	$589,000	$729,750
Salinas, CA	$590,000	$729,750
San Diego-Carlsbad-San Marcos, CA	$589,300	$729,750
San Francisco-San Mateo-Redwood City, CA	$825,400	$729,750
San Jose-Sunnyvale-Santa Clara, CA	$852,500	$729,750
Santa Ana-Anaheim-Irvine, CA	$588,400	$729,750
Santa Cruz-Watsonville, CA	$610,000	$729,750
Napa, CA	$567,500	$709,375
San Luis Obispo-Paso Robles, CA	$559,568	$699,460
Santa Rosa-Petaluma, CA	$498,750	$623,438
Bishop, CA	$480,000	$600,000
Santa Barbara-Santa Maria-Goleta, CA	$470,000	$587,500
Truckee-Grass Valley, CA	$447,000	$558,750
Vallejo-Fairfield, CA	$424,000	$530,000
Stockton, CA	$391,230	$489,038
Riverside-San Bernardino-Ontario, CA	$390,000	$487,500
Modesto, CA	$381,884	$477,355
Sacramento--Arden-Arcade--Roseville, CA	$381,884	$477,355
Ukiah, CA	$381,884	$477,355
Alpine County	$381,884	$477,355
Mono County	$381,884	$477,355
Calaveras County	$381,884	$477,355
Merced, CA	$377,245	$471,557
Amador County	$355,000	$443,750
Phoenix Lake-Cedar Ridge, CA	$350,000	$437,500
Summit County	$345,000	$431,250
Madera, CA	$340,000	$425,000
Yuba City-Marysville, CA	$339,744	$424,680
Redding, CA	$338,900	$423,625

Source: Mortgage Market Guide I see this as an important step in helping the market find a bottom... Not only the limits are going up on conforming and FHA, but as importantly, the Stated programs that are more readily available to Conforming borrowers with excellent credit, will now be available with larger loan sizes, which puts many self employed borrowers back in the game. Higher LTV's and more flexible underwriting guidelines with conforming and FHA will also help provide support to the purchase market, and for those buyer caught in their adjustable loan as it ratchets ever upwards. 97% LTV on Purchases Down Payment Assistance of up to 6% 95% LTV on cash out refinancing No minimum credit scores Liberal credit guidelines No prepayment penalties SFR, Condo's, Town Homes, and Manufactured Seller contributions of up to 6% Non-occupying co-signers Higher income to debt ratios Loans are assumable Don't forget the "5% DECLINING MARKET" hit that has affected nearly every Conventional loan program above 75%. FHA still allows 97% LTV's on purchase transactions and up to 105% when using some Down Payment Assistance Programs. Also, FHA does not have a "credit risk adjustment" based upon credit score such as the one recently implemented on Conventional loan's. Real Estate Agents and Mortgage Professionals may contact our office for updates and FHA loan guidelines. How To Fix a Broken ARM; A Special Home Saver Program for those whose ARM's are adjusting. Look, ideally, everybody would like to be in a 30 yr fixed with amortization, if they could afford the payment. But bottom line is, first and foremost, they need to be able to hang onto the house while they ride this storm out. That means no more negative amortization loans with all the wonderful little surprises that they come with. Here's one approach:

	5/1 I/O	7/1 I/O	30/10 I/O
Property value:	$500,000	$500,000	$500,000
Loan amount:	400,000	400,000	400,000
Interest rate	4.00%	4.63%	5.38%
APR	4.20%	4.86%	5.65%
Second mortgage:	1,333.00	1,541.67	1,791.67

Note that with the increase in conforming limits, this approach will be viable for people with formerly Jumbo loans. Call me to discuss! See you outside the box! PS If you are listing bank owned properties, and the bank is ready to start working with investors, touch base with me. I may be able to introduce you to some aggressive investors who buy in your area. Go ahead. Click it...

MORTGAGE NEWS
What does Fed rate cut mean for you?
The Federal Reserve cut interest rates for the second time in about about a week amid rumblings about a recession. While Wall Street may celebrate the lower rates, what will it mean for the average consumer? CNN personal finance editor Gerri Willis breaks it down.
Read the full story at CNN.com

Stocks Surge on Big Fed Rate Cut
The FOMC's super-sized half-point easing Tuesday sparked huge gains in equity indexes.
Read the full story at BusinessWeek

BUSINESS NEWS
Is Yahoo Worth $44.6 billion?
On February 1st, Microsoft CEO Steve Ballmer announced that the company initiated a $44.6 billion takeover bid for Yahoo! This is the second time the juggernaut has made a play for the online service.
Read the full story at Newsweek

A Better Way to Track the Economy
A groundbreaking Commerce Deptartment report could lead to new yardsticks for measuring growth.
Read the full story at BusinessWeek

Writer's Strike having impact on prime-time
As broadcast networks head into the February sweeps period, the prolonged writers strike is starting to be felt in prime-time ratings.
Read the full story at BusinessWeek

RECIPE OF THE MONTH
Twenty for Twenty
Don't like repeated trips to the grocery store? Stock up on these 20 ingredients, and you can make 20 delicious dinners.
Read the full recipe at AllRecipes.com

TECHNOLOGY
New Super-Efficient Micro Chip Could Run on Body Heat
A new chip uses so little power, it could enable sensors, communication devices and other gadgets that run on body heat and movement alone.
Read the full story at Wired.com

Revolutionary New Jet
A new jet engine designed to fly at seven times the speed of sound appears to have been successfully tested.
Read the full story at BBC News

WIKIPEDIA ARTICLE OF THE MONTH
Asian Giant Hornet
The Asian giant hornet (Vespa mandarinia) is the world's largest hornet. Queens may reach a length of 55 mm (2.2 in). Due to it's size, it is known in Japan as Suzume-Bachi or Sparrow-Bee.
Read the full story at Wikipedia.com

HUMOR
Blind Man in Texas
There once was a blind man who decided to visit Texas.

When he arrived on the plane, he felt the seats and said, "Wow, these seats are big!" The person next to him answered, "Everything is big in Texas."

When he finally arrived in Texas, he decided to visit a bar. Upon arriving in the bar, he ordered a beer and got a mug placed between his hands. He exclaimed, "Wow these mugs are big!" The bartender replied, "Everything is big in Texas."

After a couple of beers, the blind man asked the bartender where the bathroom was located. The bartender replied, "Second door to the right." The blind man headed for the bathroom, but accidentally stumbled and skipped the second door. Instead, he entered the third door, which lead to the swimming pool and fell into the pool by accident.

Scared to death, the blind man started shouting, "Don't flush, don't flush!"

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Hard Numbers on Jackson rehab properties

Mon, 04 Feb 2008 15:48:56 -0600

My partners and I have been talking up, emailing out, and posting these cute (and profitable) little Jackson, MS rehab properties for a while. I thought I'd post a case study that shows what a value we've really put together.

Here's a property we sold a while back in Jackson (click on image for full screen view):

Note that, all in (acquisition plus rehab costs), this buyer had less than $50k into this property.

I just visited Jackson last week, and went around seeing some of the new properties, as well as checking up on some of our recent sales. I went past the 524 West Hill property to see how it turned out and do a "live report" call-in spot for the radio show. I noticed a house for sale across the street, so I had one of my contacts look up the info for me. Here's the MLS sheet on it (click on image for full screen view):

On a nearly identical house (similar aesthetics, 6 sq. ft. bigger, similar lots), the property across the street is being listed at $80,000. Assuming they accepted $75k, that still means our original estimate of value was a couple of thousand low. So our buyer got a steal with over $16k in equity, positive cash flow, and LESS THAN ZERO DOLLARS OUT OF POCKET!!!

I'm kinda proud of that....

Go ahead. Click it...

www.BestInterestRateSearch.com

January ExtraCredit Newsletter- Purchasing with a Reverse Mortgage!

Fri, 18 Jan 2008 12:05:37 -0600

Things are tough... We all know it... very few will say it out loud...values are falling and many lenders are cutting back on LTV's in our area...

But some aren't. If you still need that 100% Full Doc Purchase or 95% SISA loan for one of your clients, I can still get it done at a VERY decent rate (~ 6% for a VERY strong credit profile). Even stated Jumbo loans are getting more reasonable (7/1 I/O 70% SISA ~ 6%). I even saw something this week that we all thought we'd never see again; a rate that started with a '4' on a 7 year fixed. Together, we have to think creatively... for instance... An example of a borrower using a reverse mortgage (yep... I do those too...) to get into a new home:

Mr. M. - is a 68 year old who just sold his home and bought another. The transaction looked like this.

SOLD BOUGHT

Sale home - $590,000 Purchase home - $455,000

Existing loan - $206,000 Reverse Loan - $180,000

Net proceeds - $340,000 Cash Required - $275,000 from sale for new purchase \

Mr. M now has no mortgage payment on his new house and $65,000 non-taxable cash available for his use.

See you outside the box!

Go ahead. Click it...

MORTGAGE NEWS
Fed cuts rates again
Fed Chairman Ben Bernanke borrowed a page from Alan Greenspan's crisis playbook when he promised emphatically to cut interest rates further if the weak economy needs the help.
Read the full story at Associated Press

POLITICS (IF WE MUST)
See Which Candidate Your Views REALLY Line Up With . It might not be the one you think!

CAR NEWS
"a 5,000-pound vehicle that gets 60 miles to the gallon and does zero to 60 in five seconds!"... This gives me hope that the future will include large, fast cars...

BUSINESS NEWS
Best Buy posts modest sales gain
Best Buy on Friday reported a modest increase of 1.5 percent in December sales after continuing declines in sales of MP3 players and projection TVs more than offset sales increases of flat-screen TVs.
Read the full story at CNNMoney

Online Marketing making kids obese?
A new study highlights ways companies use the Web to promote unhealthy foods to youngsters and asks regulators to step in.
Read the full story at BusinessWeek

Blu-ray's High-Definition Knockout
Warner Bros. opts to back the Blu-ray high-def DVD format in a decision that could drive consumers away from the rival standard, HD DVD
Read the full story at BusinessWeek

ENTERTAINMENT
Review: The Bucket List
Rob Reiner's The Bucket List is another high-quality picture from one of Hollywood's underrated directors. Jack Nicholson plays a businessman who owns a hospital corporation-one that stresses patient turnover-opposite Morgan Freeman as a middle class family man.
Read the full story at Box Office Mojo

An Oscar Boost for "There Will Be Blood"
With a strong start in the new year, Paul Thomas Anderson's new film may do well at the Academy Awards this year.
Read the full story at Entertainment Weekly

HEALTH
Secrets of the Nation's Top Trainers
Ten signature moves from the hottest, most innovative fitness minds (and bodies) in the country.
Read the full story at Women's Health

Change your workout plan
10 ways to supercharge a boring gym routine
Read the full article at Men's Health

WIKIPEDIA ARTICLE OF THE MONTH
Mark Zuckerberg
Read about the creator of Facebook and his start to internet stardom!
Read the full story at Wikipedia.com

THIS IS JUST SOOOOOO WRONG!!!

With all the stuff going on; lenders going poof, foreclosures exploding, prices in free fall, etc., you would think it would be something really of earth shattering importance that's got me worked into a lather.

It isn't.

But it's just so wrong....

Link

CRANK THE SPEAKERS AND CLICK!

The most amazing 4 year old musician I've ever seen...

SEEN AROUND TOWN

Did I mention that despite the tough market, or maybe more so because of it, we should all try to have a little fun every so often?...

HUMOR

Meanest Mom Ever. She should get an award named after her....

C'Mon... Group Clench...

Two examples of not knowing when you've been beaten...

This is just Sooooo Wrong

Fri, 02 Nov 2007 14:24:23 -0500

With all the stuff going on; lenders going poof, Prices in free fall, Congress trying to outlaw me, you would think it would be something really of earth shattering importance that's got me worked into a lather.

It isn't.

But it's just so wrong....

The STILL HERE Loan Officer!

Go ahead. Click it...

FREE DINNER & Investment Property Briefing- Newport Beach and Santa Monica

Tue, 18 Sep 2007 21:00:06 -0500

My partner Darren Orshoff also posted this info in his blog, but of course, we'd like to get maximum exposure, so here goes:

Go to www.971roundtable.com RIGHT NOW to join us for a FREE DINNER and INVESMENT BRIEFING in Newport Beach on Wednesday, September 19th at 6pm and in Santa Monica on Thursday, September 20th at 6pm. You must sign up to receive a ticket to the event. This is one GOOD GUY Investment opportunity you and your clients DO NOT WANT TO MISS!!!

THE ECONOMY IN WYOMING IS BOOMING; FACES A CRITICAL LABOR AND HOUSING SHORTAGE

Exclusive Real Estate Investment Opportunity from The Home Ownership Roundtable and the National Real Estate Academy

Single-family homes, condominiums and duplexes
Priced in the high 100s to low 200s
Robust rental market fueled by employer demand
Rent-ready homes with corporate rent guarantees in place
Excellent return on investment with positive cash flow
Ground-floor investment opportunity
Built-in exit strategies
In an area with a critical workforce housing shortage

Labor Force Housing Crisis Information

Sweetwater Economic Development Association - Letter - August 27,2007
Casper Star Tribune - Sweetwater County needs workers, housing - November 3, 2005

How to Reserve Your Property (reservations are time and date stamped on a first-come, first-served basis)
(reservations are time and date stamped on a first-come, first-served basis)

Download the non-binding, soft reservation agreement (no deposit is required at this time).
Complete and fax the form to our office (888) 971-8326.
A representative from the The Home Ownership Roundtable will call on Monday through Friday to guide you through the rest of the process.

News Items
Sweda News - Local Economic Indicators - August, 2007
Wyoming Business Report - Building boom hits southeast Wyoming - August 1,2007
Casper Star Tribune - Wyoming bucks housing slump - August 16, 2007

Area Links

Sweetwater County Economic Development Association   http://www.sweda.net/
Rock Springs, Wyoming   http://www.rswy.net/
Rock Springs Chamber of Commerce   http://www.rockspringswyoming.net/
City of Rock Springs   http://www.rockspringswyoming.com/
Rock Springs, Wyoming Detailed Profile   www.city-data.com/city/Rock-Springs-Wyoming.html
Rock Springs Rocket-Miner   http://www.rocketminer.com/
Quick Facts About Rock Springs, Wyoming
www.wyomingbnb-ranchrec.com/City/RockSprings.html
Wyoming Business Report   http://www.wyomingbusinessreport.com/

We are having a limited, invitation only educational dinner and investment opportunity in Newport Beach on September 19th and in Santa Monica on September 20th. There are only a limited number of properties available. Not every person who desires a property will get one.

Highly profitable investment property in an employment rich, housing short area in Wyoming. This opportunity will help solve a Labor Force Housing Crisis as well as make investors money.

Get in while you can! Huge cash on cash return in 2 years. Guaranteed Corporate leases with a minimum of a 2 year lease. Help families in need with the housing crisis AND make 135%-185% on your money.

So Funny You Might Cry... or worse...

Tue, 18 Sep 2007 20:31:49 -0500

One of the best shows ever was the Carol Burnett show. Who could forget the Tarzan Yell, Mr. Tudball, or the Gone With The Wind dress that she "saw in the window" (part 1, part 2 ). But the real fun was when their skits would start to break up. You wanted them to hold it together and yet is was hysterical when they did not. Especially when it was Tim Conway who was breaking the rest of them up...

So here it is:

FUNNIEST CAROL BURNETT SCENE EVER!

ActiveRain Google Magic is truly amazing

Tue, 18 Sep 2007 18:42:19 -0500

So I get a call from my old boss at Lehman Brothers/ BNC Mortgage. We parted on good terms and he and I have kept in loose touch since I left there a couple of years ago. I had heard through the grapevine that he left a few months before the ship sunk, but didn't know what had happened to him.

He is a now partner in a real estate firm in Corona, CA that is specializing in buyer representation for bank owned and REO properties. Wants to talk about a little advertising maybe on the radio show, and doing some cooperative marketing. They're thinking about setting up a lending side of their business as well, but are open to the idea that my partners and I could possibly perform that function, as, through our broker, we already have all the right approvals; CalHFA, FHA, VA, Six Month No payment programs, and of course, all the mainstream lenders that are left standing and worth having.

I decided to do a little getting ready for the meeting tomorrow. I put a post up yesterday updating my list of Bank Owned/REO properties from partner realtors in various cities in the area. I dominate page one of any google search such of "Bank Owned" or "REO" with local cities such as Temecula, Murrieta, Lake Elsinore, Hemet, Sun City, Menifee, and Wildomar, but since I had never had any Bank Owned/ REO/ Foreclosure properties in Corona to list, I had not made any mention.

I put in a line at the bottom of the post saying, essentially, "Coming Soon: Corona Bank Owned and REO properties".

That was yesterday.

Today I'm on Page 1. With this post, seeded as it is with those very same key words, and metatags, by the time I get to their office, I will most likely have multiple placings on page 1.

I'm thinking I'll show them that...

Just out of curiosity; how many of you caught all the little tricks I did IN THIS POST, to increase my Google rankings; and not just for my blog?

Best Regards,

The STILL HERE Loan Officer!

Go ahead. Click it...

ExtraCredit Newsletter- September 2007- Beat the Builders At Their Own Game! Offer Your Buyers No Payments for SIX MONTHS!

Mon, 17 Sep 2007 18:28:55 -0500

Do YOU ever wish you had deep pockets like those builders who are offering six months without a payment to their buyers?

Well now you can offer exactly that. On loans up to $417,000 and up to 100% Loan To Value, YOU are now able to offer up to six months of no payments on a 30 year fixed mortgage with no pre-pay penalty at a strong rate in the 6's (depending on all the stuff it depends on of course...)

Like all good things, it does come with some strings... The buyers must qualify at the fully amortized payment (though the minimum payment is interest only for 10 years). That's about it!

Let's sell some houses together!

Best Regards,

The STILL HERE Loan Officer!

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HOME IMPROVEMENT
Cabinet Refacing 1 - Planning and Preparation
Extravagant, fashionable and stocked with the latest hot technological gadgets, the kitchen has become the newest place to keep up with the Joneses. What used to simply serve as the functional center of the home has become the showpiece of most new and remodeled homes.
Learn How at DoItYourSelf.Com

BUSINESS NEWS
Texas Startup says they have got Batteries beat
Millions of inventions pass quietly through the U.S. patent office each year. Patent No. 7,033,406 did, too, until energy insiders spotted six words in the filing that sounded like a death knell for the internal combustion engine.
Read the full story at Yahoo

HEALTH
Whittle your waist and torch hundreds of caloriesWhittle your waist and torch hundreds of calories
If you liked pelting your crush with a rubber ball in PE, you'll love these moves designed by Steve Feinberg, an instructor at Equinox Fitness in New York City. This workout (based on a class Feinberg created called Speedball) combines high-intensity footwork with upper-body rotation--all while holding a 2- to 4-pound ball.
Read the full story at Women's Health

10 Foods You Should Be Eating
Of course, there are many superfoods that never see the inside of a shopping cart. Some you've never heard of, and others you've simply forgotten about. That's why we've rounded up the best of the bunch. Make a place for them on your table and you'll instantly upgrade your health -- without a prescription.
Read the full article at Men's Health

WIKIPEDIA ARTICLE OF THE MONTH
Linda Perry
Did you know Linda Perry is one of the most successful and talented individuals in the music industry? Do you even know who Linda Perry is? Most people don't, but after you read this fascinating story on her life, you'll find out how her influence has reached all ends of the music business spectrum.
Read the full story at Wikipedia.com

HUMOR
Eager to impress the boss
A young executive was leaving the office late one evening when he found the CEO standing in front of a shredder with a piece of paper in his hand.

"Listen," said the CEO, "this is a very sensitive and important document here, and my secretary has gone for the night. Can you make this thing work?"

"Certainly," said the young executive. He turned the machine on, inserted the paper, and pressed the start button.

"Excellent, excellent!" said the CEO as his paper disappeared inside the machine. "I just need one copy."

More Bank Owned Properties and Real Estate in Temecula, Murrieta, Menifee, Corona, Riverside, Norco, Hemet, Lake Elsinore, Wildomar, San Jacinto, Perris, Sun City, and Winchester

Mon, 17 Sep 2007 18:22:54 -0500

I've been working with a couple of local Temecula real estate agents and have agreed to help them showcase their Bank Owned Real Estate/ REO Properties in Temecula, Murrieta, Menifee, Hemet, Lake Elsinore, Wildomar, San Jacinto, Perris, and Winchester.

Here are some links to some terrific buys available in our area right now:

Choose any Category to view the corresponding Listings

Show All Listings

Temecula Bank Owned Real Estate/ REO Property

Murrieta Bank Owned Real Estate/ REO Property

Hemet Bank Owned Real Estate/ REO Property

Perris Bank Owned Real Estate/ REO Property

Menifee Bank Owned Real Estate/ REO Property

San Jacinto Bank Owned Real Estate/ REO Property

Lake Elsinore Bank Owned Real Estate/ REO Property

Winchester Bank Owned Real Estate/ REO Property

Wildomar Bank Owned Real Estate/ REO Property

Sun City Bank Owned Real Estate/ REO Property

My Realtor partners will soon be adding Bank Owned/ REO Properties in Corona, Norco, and Riverside.

Thanks for stopping by!

Go ahead. Click it...

The Finger Pointing Is Starting

Tue, 28 Aug 2007 10:49:11 -0500

A Loan Officer I know was recently contacted by an old client. This client had bought a home a couple of years ago. The client had a cushy job as a sales manager and made good money at the time of the purchase, but since he had just recently been promoted, did not have the two full years of of income needed for full doc. But, he had great credit, so they went Stated Income, Stated Assets. So far so good, right?

Well, six months ago, the company that the client worked for went out of business. He has had trouble finding new employment at the same income level, and so... he lost the house. The original lender, First Bank, had long since sold the note to Countrywide.

Since it was an over-80% loan in the first place, there had been Lender Paid Mortgage Insurance. The MI company requires that before they will pay off to Countrywide, they must perform a fraud investigation. So the investigator calls the client and demands a new Form 4506, allowing him to look at the clients past tax returns. The investigator mentions that if the numbers don't match what was on the loan application, then the loan officer will most likely be prosecuted for fraud.

Think about that for a second. On a Stated Income, Stated Asset Loan, where the borrower is NOT REQUIRED TO PROVE A DAMN THING, they intend to prosecute the loan officer for fraud; even though the loan officer very likely never knew the true numbers.

Now, the happy ending in this particular instance is that the client refused to sign a new 4506. In fact, based on the description I have heard second hand, it appears to me that the investigator may have nearly committed some sort of fraud himself, in that he VERY strongly implied that the client was legally required to sign the new 4506. The client told him to jump in a lake, so there is nothing further to investigate, but I wonder how many loan officers are going to go down for the banks' crimes?

Remember, I was there. I SAW WITH MY OWN TWO EYES just how often that the bankers Account Executives would tell the loan officers EXACTLY how to massage the app so that it could be approved. In way too many cases.

The STILL HERE Loan Officer!

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So What Does A Million Dollar Deal Look Like Nowadays?

Mon, 27 Aug 2007 17:59:30 -0500

With all the wreckage littering the marketplace that used be called Alt-A and Jumbo lending, it's worth taking a moment to think about how a large deal can still be structured. Here's one possibility for 90% financing:

Purchase Price: $1,000,000

Conforming First: $417,000 at a rate in the mid 6's. Interest only.

Huge Second (working from Wells HE Rate Sheet); $483,000 at 8.375%

Assumes strong assets and excellent credit. FULL DOC.

Blended rate is roughly 7 5/8. Interest Only on the second would cost another quarter to rate, but would lower the payment significantly...

Now, if the borrower is REALLY strong on assets and credit, then you MAY well be able to get a Min Doc type finding from the Automated Underwriting System for the Conforming first, which has the effect of getting a Stated Verified loan without paying a hit for it. Then you could take the hit on the second and go stated verified.

The alternatives from a handful of lender who still CLAIM to be able to do one loan jumbo and super jumbo is a rate in the 8's or 9's.

Not all that pretty, but, face it. It's a different world, and we still gotta help people buy the house they want.

I'd love to hear from other Never-Say-Die ers out there in ActiveRain Land about how YOU are structuring deals that used to be easy...

Best Regards,

The STILL HERE Loan Officer!

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What Casa Blanca teaches about the lending fallout

Thu, 23 Aug 2007 12:34:46 -0500

Hearing all the Bankers, who brought us all these, if-you-can-fog-a-mirror-you-can-have-a-house loans, and the Fed, who actively encouraged the banks 'creativity' for years blowing off about all the fraudulant loans reminds me of a classic scene from CasaBlanca (my all time fave- it should be yours too!!). I was there and saw it with my own two eyes. The banks would come back to the loan officers and tell them exactly what changes to make on the 1003 in order to make the loan approvable, and therefore sellable. No paper trail of course, because they're smarter than that.

Anyways, enjoy the delicious irony in this scene, and ponder it's implications for the current mess.

Best Regards,

The STILL HERE Loan Officer!

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Two Words: Confor Ming

Wed, 22 Aug 2007 18:12:11 -0500

Hey There!

Until it all gets sorted out, I want you to keep one number in mind.

$417,000

Put it on your notepads, jot it on the back of your business card. Tattoo it on your forehead-- in reverse of course, so you see it in the mirror. Under that limit, the Conforming Limit, tremendous things can be done. First Time Home Buyers, 100% purchase or refi, dinged credit, manufactured on land (95 ltv). A LOT can be done within the Conforming Limit. Most importantly, there are still two market makers for these loans to be sold to, Freddie and Fannie, so the banks are still funding them.

There are signs of hope out there in the market at long last. Last week's move by the Fed, lowering the discount rate by a half, and lengthening the term of discount window loans to 30 days, gives some liquidity back to the market. Today, four big US banks, Citibank, JP Morgan Chase, B of A, and Wachovia, plus German giant Deutsche Bank, none of whom are in trouble, all took out discount window loans from the Fed in an effort to remove the stigma associated with these loans. Traditionally, a discount window loan has been seen as the last gasp of a dying bank. With this move, the Big Boys have 'given permission' to the multitude of smaller banks who could use the help, to go get it.

This afternoon, in a tremendous vote of confidence for the market, Bank of America announced it is investing $2 Billion in everybody's favorite target, Countrywide. On my blog this morning, I posted a link to an article that I think EVERYONE IN THIS INDUSTRY SHOULD READ.

Ok, well, only those of you who want to actually understand what's going on in the secondary market, why it matters to every realtor, home owner, or prospective home owner, and more importantly, get a glimpse of the road out. You can read it by clicking here. It might alarm you a bit, but take courage in the fact that there IS a path out for the market in general, and there are many solutions still available for that deal you may be struggling to get done. Remember that number. $417,000. And another number you need to write down is this: 951.544.6283. That second one won't change. When the first one does, I'll be the first to let you know...

Best Regards,

The STILL HERE Loan Officer!

Go ahead. Click it...

The $10,000 Formula still working on Detroit Rehab Property

Wed, 22 Aug 2007 13:16:07 -0500

I posted a while back about our Detroit Rehab Properties and how in 60-90 days, you can retrieve every dollar invested, plus on average, $10,000 TAX FREE, with 20% remaining equity, and positive cash flow. Our listeners from the radio show are snatching them up at a quick pace. In the near future, we'll be offering hard moeny lending in this market, which will allow for even greater leverage, in that, instead of paying everything from cash, the investor will have the option of utilizing hard equity lending and only putting a $1000 commitment fee (plus prepaid interest) into the deal. Keep watchin here to find out when we make that model available.

Here's an example using the cash model (click to enlarge):

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An Entirely New Model for Jackson Rehab Properties- Rehabed and Rented, No Money Down, No Guesswork

Wed, 22 Aug 2007 13:00:55 -0500

While the Jackson Rehab Properties and even the Rent Ready Jackson properties are attracting numerous buyers, we have been able to develop yet another track for those investors, or would-be investors, who simply want the guess work taken completely out of the equation. For them, we have the Rehabbed and Rented model.

The transaction is structured exactly like the Rent Ready Jackson Properties, except the avialble cash out at the end is a little less:

Initial outlay: 5% of purchase price plus $1000 commitment fee (purchase price is typically 75% or less of After Rehabbed Value)

Seller Carries 95% at 15% interest for 45 days (Buyer must be pre-approved for refi loan).

Agency loan refi at 80% of new value full doc (75% stated), which gets them their initial down payment and deposit back, plus typically, $2,000 to $3500 tax free cash, which we recommend goes into a contingency fund for maintenance, etc.

Rent covers PITI plus Property management cost, with 20% equity remaining.

Here's an expample of a recently closed deal (click to enlarge):

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Rent Ready Rehab Properties in Jackson, MS- Little or Nothing Down for Positive Cash Flow

Wed, 22 Aug 2007 12:39:34 -0500

We have been pleasantly surprised by the response to our Jackson Rehab Properties. The properties come with built-in equity, and yet still cash flow. Some of our investors, however, have expressed an interest in eliminating some of the incertainties by acquiring properties where the work is already done, so the cost of rehabbing is known. Additionally, because it has already been through a rehab loan process, a definite value can be ascertained, because the appraisal has already been done.

What makes this unique, though is that we are sturcturing the acqusition financing in such a way that the buyer will, in the end, have put nothing into the property, but will recieve 20% equity and positive cash flow. Getting the property rented normally takes two weeks or less.

The deal is structured like this:

Initial outlay: 5% of purchase price plus $1000 commitment fee (purchase price is typically 75% or less of After Rehabbed Value)

Seller Carries 95% at 15% interest for 45 days (Buyer must be pre-approved for refi loan).

Rent covers PITI plus Property management cost, with 20% equity remaining.

Here's an example (click to enlarge):

Go ahead. Click it...

ExtraCredit Newsletter- August 2007- FREE Tickets to Nat. RE Investor Conference!

Tue, 14 Aug 2007 13:30:14 -0500

As always, there's a humor extra for those with the tenacity to read all the way to the end. Actually there are two this time around... BONUS!
Hey There!
My partners and I have been invited to participate in the National Real Estate Investment Expo this weekend at the Los Angeles Convention Center. We'll be doing a LIVE BROADCAST from the show from 1 pm to 2 pm on 97.1 FM and 1050 AM.
CLICK HERE TO REGISTER FOR FREE!!!
Sunday morning, for you early risers, at 9:00 am we'll be giving a talk on Strategic Equity concepts, and how our various turn-key real estate investments fit nicely into any serious long term equity plan.
Come listen to these amazing, nationally known, featured speakers:

Master of Persuasion
Marshall Sylver

FREE MONEY Government Grants Expert
Chris Johnson

Robert Kiyosaki
"Rich Dad" advisor
Garrett Sutton

Learn to Flip Properties with
James Smith

Author of Risk & Grow Rich
Charles Andrews
Renowned Speaker & Coach
Kevin Bracy

You are invited to attend this event for FREE. Get your FREE tickets by CLICKING HERE.
I hope I see you there!

                          Go ahead. Click it...
The National Real Estate Investors Expo is Co-Sponsored by:


Saturday and Sunday, August 18th & 19th join 97.1's The Home Ownership Roundtable at the National Real Estate Investment Expo! The Four Guys from the Roundtable will be there broadcasting LIVE from the event from 1pm-2pm on Saturday!
CLICK HERE TO REGISTER FOR FREE!!!
Come meet Darren, Mike, Tom, & Michael all weekend long as they talk about investing, strategic equity, home finance, and so much more! Get your questions answered LIVE and IN PERSON! Meet the key contacts for our investment opportunities from across the country!  Find out direct information about DETROIT REHABS, CAROLINA APPRECIATION FLOW PROPERTIES, COASTAL CAROLINA BEACHFRONT/GOLF OPPORTUNITY, and more!
Get prequalified for an investment or refinance ON THE SPOT! Special Investment Opportunities will be available FOR EXPO ATTENDEES ONLY!
CLICK HERE TO REGISTER FOR FREE!!!
Explore the EXPO and listen to some of the top minds in the Real Estate Investment arena speak on the main stage! Learn how to become wealthy with amazing speakers such as Master of Persuasion Marshall Sylver, Robert Kiosaki's "Rich Dad" advisor Garrett Sutton, and MANY MORE!
The Home Ownership Roundtable will even be on the main stage discussing Strategic Equity and Investment Opportunities! And don't forget about the LIVE BROADCAST from the LA Convention Center on Saturday on 97.1 FREE FM! The Roundtable is also launching their show on another station! Now you can hear them on CBS Radio and NBC TALK RADIO's KCAA 1050 AM.
Get your FREE TICKETS to the event (a $25 value) only by getting PRE-REGISTERED on our site

HOME IMPROVEMENT
How to Frame a Door
Follow these tips and instructions on how to frame and hang doors. Following these instructions can save you time and effort, while helping you to end up with a neater, more satisfactory installation.
Learn How at DoItYourSelf.Com

BUSINESS NEWS
Is Gap on the Mend?
For some time Gap has had a tough time convincing shoppers to try on its styled khakis and striped blazers, but perhaps there are now some signs that a turnaround is underway at the struggling retailer.
Read the full story at Forbes

Woodstock Farm expected to fetch $8 Million
Music history lovers and casino developers alike are taking notice: part of dairy farmer Max Yasgur's land, part of which was the original site of the 1969 Woodstock music festival, is up for sale.
Read the full story at CNN Money

Aluminum and Glass: A Review of the new iMac
The iMac gets a makeover.
Read the full review at Ars Technica

RECIPE OF THE MONTH
Fiery Island Pineapple Pork Chops
Summer's almost over, but you don't have to stop eating like a king! Try this tropical inspired dish!
Read the full story at TheOtherWhiteMeat.com

ENTERTAINMENT
40 Fine Finales
Entertainment Weekly compiles some of the greatest endings in Cinema.
Read the full story at Entertainment Weekly

Review: Bourne Ultimatum
Matt Damon returns as Jason Bourne and continues to reinvent the action spy genre.
Read the full review at Box Office Mojo

HEALTH
The Best Workout Playlists
Tone up to these great tunes.
Read the full story at Women's Health

How to Get Thinner by the Minute
Eat all day. Fire up your metabolism. Lose weight.
Read the full article at Men's Health

WIKIPEDIA ARTICLE OF THE MONTH
James Dyson
Did you know James Dyson, inventor of the Dyson Vacuum cleaner, is worth $2 Billion Dollars? Read about this British art teacher who became one of the world's leading industrial engineers!
Read the full story at Wikipedia.com

The Last of Bart's Chalkboard Wisdom

· Hamsters cannot fly. · I will not bribe Principal Skinner. · I will not squeak chalk. · I will finish what I sta · "Bart Bucks" are not legal tender. · Underwear should be worn on the inside. · The Christmas Pageant does not stink. · I will not torment the emotionally frail. · I will not send lard through the mail. · I will not use abbrev. · Adding "just kidding" doesn't make it okay to insult the Principal. · Indian burns are not our cultural heritage. · I will not dissect things unless instructed. · I will not hang donuts on my person. · No one wants to hear my armpits. · I will not mock Mrs. Dumbface. · I will not celebrate meaningless milestones. · I will not strut around like I own the place. · Next time it could be me on the scaffolding. · The Good Humor man can only be pushed so far. · I will stop talking about the twelve inch pianist. · I am not a lean mean spitting machine. · The Pledge of Allegiance does not end with Hail Satan. · I will not whittle hall passes out of soap. · Wedgies are unhealthy for children and other living things. · I do not have power of attorney over first graders. · Cursive writing does not mean what I think it does. · I am not the reincarnation of Sammy Davis Jr.. · I am not certified to remove asbestos. · "Bagman" is not a legitimate career choice. · I will not re-transmit without the express permission of Major League Baseball. · I will remember to take my medication. · The boys room is not a water park. · Beans are neither fruit nor musical. · Nerve gas is not a toy. · "Bewitched" does not promote Satanism. · The First Amendment does not cover burping. · Ralph won't "morph" if you squeeze him hard enough.

A Humor Extra For Those of You Who Read ToThe End... And, in case you missed the Mid-Month Special Edition, here's an EXTRA Humor Extra. No words can truly describe it. Except maybe PG-13.

Temecula Real Estate and Surrounding Area Home Sales- June 2007

Tue, 14 Aug 2007 13:24:48 -0500

HOME SALES DATA FOR SELECTED CITIES:

City	SFR Sales	Median Price	June '06 to June '07	Median Price May 2007	May '07 to June '07	Median Price /Sq.Ft.
Hemet	93	$282	-8.36%	$279	1.08%	$182
Lake Elsinore	57	$361	-16.39%	$397	-9.87%	$212
Menifee	43	$370	-12.10%	$385	-4.05%	$193
Murrieta	115	$452	-6.01%	$426	5.71%	$193
Temecula	126	$446	-13.88%	$454	-1.92%	$230
El Cajon	85	$497	-4.05%	$496	0.32%	$327
Escondido	139	$525	-3.90%	$504	3.99%	$285
Carlsbad	100	$823	11.07%	$792	3.79%	$317