reo: Ben Kinney Auctions a Seat off For KW Cares! - 02/24/13 06:01 PM
Ben Kinney of Keller Williams Realty of Washington gave a training session to Realtors at the 2013 Keller Williams Family Reunion. It was standing room only and numerous agents were sitting in the isles. Ben began an auction for a seat at the front table and the bidding started at $100. The outcome was phenomenal.All proceeds from the auction went to KW Cares. KW Cares is a 501(c)(3) public charity started by Keller Williams to raise money in order to provide emergency assistance to it's KW members in need as well as support for other charities and causes.
Check out the … (1 comments)

reo: Cash-For-Keys: To Sign Or Not To Sign. - 01/29/13 09:41 PM
Over the past several years I've had the same discussion with numerous repo occupants over the Cash-For-Keys agreement.  So today, after having that same discussion with the occupant of a newly assigned REO property, I  taped a brief video on the typical discussion.  You can see the video by clicking on the following link:
http://youtu.bejavascript:mctmp(0);/kl71P72RnG4
… (2 comments)

reo: Market Snapshot for Riverside - Yearly Cycle - 04/11/12 11:18 PM
When you place this info in a graph such as this, it becomes very eye-opening!   Riverside Inventory and Median Home Price Riverside Real Estate on Movoto … (0 comments)

reo: Occupy Vacant Repo Homes! Starts TODAY! - 12/06/11 03:16 AM
 
Quite a few news organizations are reporting that the occupy folks are planning on a new way to bring attention to their cause.  Occupying vacant repos.
 
According to Miranda Leitsinger in a recent msnbc.com news article,
 
"Occupy protesters and housing rights activists are planning to help families resist eviction from foreclosed homes and take control of  vacant properties in some 25 U.S. cities on Tuesday,  an effort aimed at focusing attention on the ongoing housing crisis and giving the movement a new focus after the dismantling of many of its encampments."
 
Personally, I beilieve there's already quite … (1 comments)

reo: Former Owners Break In & Squat in Their Former Residence. - 12/06/11 02:47 AM
I recently received a call from a gentleman that lives next door to one of our listed repos.  He advised me that the former owner of the listed home had removed our sign, and had moved back into the home.  I had a hard time belieivng it.  We had completed an eviction over 6 months prior in this was an upscale gated community with pride of ownership.  I didn't think something like this would happen here, however when I stopped by the home to inspect, I found the sign gone, the window posts removed, sheets hanging in the windows and the … (3 comments)

reo: FREE Foreclosure Prevention Seminar! July 9th, 2011 - 06/24/11 03:01 AM
In today's troubling times, we all know someone hurting or in need. If you know someone who is facing foreclosure, please pass this information along to them.
Certified Pre-Foreclosure Specialist Ray Wright will lead a panel of experts at a FREE seminar discussing options to avoid foreclosure. Whether you’re facing a job loss, reduction in pay, have medical bills or just got caught in an adjustable mortgage, there’s help for you. This FREE seminar will explain alternatives for avoiding foreclosure and give hope for the future.
This FREE seminar will cover the following topics & more:
* Mortgage Forbearance * Loan … (1 comments)

reo: Ray Wright speaks about a recent Cash-for-Keys! - 04/21/11 03:27 AM
I've conducted numerous Cash-for-Keys with occupants of new REO properties. What really gets me is that I often here from tenants that say they had no clue the home was in foreclosure or that the seller never advised them there was an issue. I really feel for these people. The owner of the property is a scoundrel in these situations. I've taped a video regarding this issue and you can check it out below.
Click here to see the video!
By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that … (3 comments)

reo: Rancho Cucamonga Home Tour - 04/18/11 02:46 AM
Here's a great new listing in Rancho Cucamonga.  Check out the link below to see the video tour.
Rancho Cucamonga Home Video Tour
By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government’s new … (0 comments)

reo: Who Pays Commissions on a Short Sale? - 04/12/11 03:21 AM
I often answer questions on various websites that are related to Real Estate.  Recently, a prospective buyer asked who paid the agent commissions for a short sale transaction.  I videotaped my answer and you can see it below.
Click Here To View This Video!
By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales … (1 comments)

reo: To Foreclose or Not To Foreclose! - 04/11/11 01:29 AM
I received a question on a Real Estate site asking if a homeowner should foreclose or not.  Typically called a Strategic Foreclosure. I videotaped my response.  You can see the response by clicking the below link.
http://youtu.be/h2kkb3EmTXI?hd=1
By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a … (0 comments)

reo: Keller Williams Realty # 2 Franchise in the U.S. - 03/17/11 02:51 AM
Here's a little video I recorded regarding the recent announcement that Keller Williams is now the 2nd largest Real Estate franchise in America.  You can check it out by clicking the link below:
http://www.youtube.com/watch?v=5srjafmRg3I
By the way, if you or someone you know is facing foreclosure, please don't keep me a secret.  As a Certified Short Sale Specilaist, a Certified Short Sale Processor and a Certified Pre-Foreclosure Specialist, I can explain your options for avoiding foreclosure. 
Click here to avoid foreclosure:  http://www.foreclosurepreventionseminar.com
… (4 comments)

reo: Short Sales and the Open Letter From C.A.R. - 03/11/11 02:49 AM
I read with interest the open letter from the California Association of Realtors to the Los Angeles Times and other news outlets.  The topic was regarding how banks need to streamlind the process and acceptance of short sales to assist in the recovery of the Real Estate market and the economy.  Check out the video below.
Click here to view the video!
By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you … (1 comments)

reo: Foreclosure Fraud Investigation Goes On! - 10/20/10 05:37 PM
One the largest foreclosure attorney firms in Florida is accused of bribing workers to rush thousands of foreclosures through. Witnesses say an office manager at the law firm of David Stearn was signing away people’s homes in exchange for cars, money and jewelry.
This allegation has been pending for quite some time and has reemerged amidst the “Robo-signer” issue I blogged about previously where employees of bank owned mortgage service companies are accused of rubberstamping foreclosures thru at an alarming rate without even reviewing the files. The “robo-signer” issue is thought to be an administrative negligence issue and not so much … (7 comments)

reo: Will the Bank Get It Someday? Probably Not! - 03/16/10 03:33 AM
I ran into a previous client today.  I had tried to conduct a Short Sale for her back in 2007 to 2008.  I had priced the home at $199,000 and received 8 offers.  After the bank conducted it's appraisal and against my strong objections, they determined they would take nothing less than $259,000.  I tried to get the negotiator to come to her senses and warned her and later her supervisor that they would be taking this home back if they didn't accept the sale now.  All 8 of my offers walked and the house didn't sell.  It went back to … (64 comments)

reo: PartnerFirst and ServiceLink Partner to Provide Streamlined Short Sale Solution - 03/11/10 07:33 PM
As a Certified Pre-Foreclosure Specialist with PartnerFirst, LLC, I'm happy to annound a new partnership meant to help streamline the Short Sale process for many homeowners.  Riverside, California-based PartnerFirst, LLC, recently announced its partnership with Pennsylvania-based ServiceLink. 
You can read the full artical here:  Two Companies Partner to Provide Streamlined Short Sale Solution
                                                  
“We are pleased to be handling agent fulfillment services for ServiceLink, including providing its clients with a homeowner-friendly searchable network of certified short sale agents,” said Son Nguyen, COO of PartnerFirst. “This partnership is truly a first of its kind. We are setting the standard within … (0 comments)

reo: Ohio Man bulldozes $350K Home to Avoid Foreclosure! - 02/27/10 12:42 AM
I was listening to talk radio and was intrigued by the teaser for the next segment. "Ohio man bulldozes $350K home to avoid foreclosure". Hmmm. I REALLY wanna hear that one. I listened to the entire interview and at the end I was perplexed. First of all, here are the details. Terry Hoskins of Clermont County found himself in a predicament with his Moscow, Ohio home. He was facing foreclosure and was upset that the bank that held the note, River Hills Bank, would not work with him. So, to quote Mr. Hoskins, "When I knew I was going to lose … (8 comments)

reo: C.A.R.'s “2009-2010 SURVEY OF CALIFORNIA HOME SELLERS” - 02/25/10 08:10 PM
The California Association of Realtors released their "2009-2010 SURVEY OF CALIFORNIA HOME SELLERS”.  The report showed that approximately 67% of all California home sellers that were able to sell their house in this market sold their home because they had an inability to meet their mortgage obligations.  In other words, they couldn't afford their house.  Whether it be due to a variable rate mortgage that was resetting higher, a job loss, sickness or just the fact that they overextended themselves, the majority of those homesellers basically HAD to sell. 
The 67% figure includes standard sales as well as short sales.  The … (1 comments)

reo: Interest Rates To Remain Low, But For How Long? - 02/20/10 10:58 PM
The CEO or Freddie Mac, Ed Haldeman, recently gave a speech to the Detroit Economic Club regarding a number of issues including the state of the current Real Estate market.  According to Mr. Haldeman we are in a "transition to a recovery".  He went on to state that the two main factors were the stimulus package and the fact that the Fed was keeping interest rates at record lows.
One statement he made during his speech was particularly interesting to me.  He said that he expected the 30-year mortgage fixed interest rate to remain between 5% and 6% throughout this year.  … (4 comments)

reo: Riverside Market Snapshot! 2-18-10 - 02/19/10 12:19 AM
Here is a brief market snapshot for the Riverside and surrounding communities. I’ve included the number of homes currently available on the market in contrast with the number and percentage of homes that have closed escrow in the past 30 day time period.
RIVERSIDE
2239 homes for sale
344 closed in 30 days
15.4%
MORENO VALLEY
1468 homes for sale
259 closed in 30 days
17.6%
CORONA
1688 homes for sale
247 closed in 30 days
14.6%
PERRIS
851 homes for sale
123 closed in 30 days
14.5%
Are you a buyer looking for a home?
CLICK HERE TO … (2 comments)

reo: Happy Anniversary to the Stimulus? - 02/17/10 10:13 PM
Today marks the 1 year anniversary of President Barack Obama signing the American Recovery and Reinvestment Act.  For the past 365 days, the purpose of this stimulus package was to take our hard earned tax dollars to stimulate the American economy.  Part of the package went towards items such as a 2.6 million dollar solar panel  system for the Denver Museum of Nature & Science, which by the way, has over 90 million dollars in their bank account. Another $25,000 went to the little town of Sykesville, Maryland.  This well to do community of over 4,400 residents don't know where to … (1 comments)

 
Me Rainmaker_large

Ray Wright

Ray Wright - Inland Empire Realtor

Riverside, CA

More about me…

Keller Williams Realty

Address: 7065 Indiana Avenue, Riverside, ca, 92506

Office Phone: (951) 354-1303

Cell Phone: (951) 312-3133

Email Me

Here is where you'll find Real Estate market updates and other information of interest to those buying & selling a home. Visit me on the web at: http://www.RayWrightSellsHomes.com Click on the link below to find help to avoid Foreclosure: http://www.ForeclosurePreventionSeminar.com


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