Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Ruthless Defaults Stun Credit Card Companies - 07/26/09 03:20 PM
In 2007 Bank of America CEO Ken Lewis said, “I’m astonished that people would walk away from their homes,” From the NY Times: "Bank of America has its hands full, with a June default rate of 13.8 percent, up from 12.5 percent in May. The other major credit card companies are in a similar fix. Estimates of the total industry losses are over $100 billion for the current recession. Collectors are noticing a shift not only in ability but in willingness to pay. “With all the bailouts the government is giving everyone, no one has any personal accountability about their (1 comments)
CA Wanted to Drill Holes to get Out of One - 07/26/09 03:11 PM
From The San Diego Union: Calif. officials concerned about new budget woes SACRAMENTO, Calif. — California officials are warily awaiting the next round of state revenue figures, concerned that their latest budget-balancing efforts may not be enough to end a seemingly endless stream of deficits. Lawmakers wrapped up a nearly 24-hour session Friday afternoon by approving most of a complicated package of spending cuts, raids on local government funds and accounting maneuvers designed to eliminate a $26 billion budget shortfall. But Gov. Arnold Schwarzenegger and legislative leaders said they might have to deal with more red ink in a few months (0 comments)
Trillion is the New Bilion - 07/24/09 06:47 PM
A billion is 1,000,000,000 or a million thousands A trillion is 1,000,000,000,000 or a billion thousands * 1 million seconds equal 11 and 1/2 days. * 1 billion seconds equal 31 and 3/4 years. * 1 trillion seconds equal 31,710 years. but how much is it really? Visualize this: <.br> (0 comments)
"The six bank subsidiaries of Security Bank Corporation, Macon, Georgia, were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Pinehurst, Georgia, to assume all of the deposits of the six bank subsidiaries of Security Bank Corporation.
The six banks involved in today's transaction are: Security Bank of (0 comments)
Condo Short sales Hampered By Fannie, Freddie and FHA - 07/20/09 11:46 AM
We all know that a short sale is tough enough, but when you deal with condos, it becomes a whole new ball game. The challenge: Buyer financing. With government backed financing the main source of funds these days, underwriting standards for condos makes the job of selling the short sale condo even harder. Fannie and Freddie increased the required fees on mortgages for condos. Buyers seeking more than a 75% LTV loan must pay closing-cost fees equal to 0.75% of the loan, regardless of credit score. This went into effect last April. Fortunately Fannie is slated to drop the fee in (4 comments)
Sherlock Holmes - The Appraiser - 07/20/09 11:19 AM
Todd Lackner's day job is a real estate appraiser, but his moonlighting as a mortgage fraud investigator has led to the indictments of more than a few mortgage scams including sale and cash schemes where the buyer over pays, gets cash at closing, then walks away. The most recent real estate scam uncovered by Lackner involves as many as 81 properties and numerous straw buyers. The straw buyers were paid $10,000 each for the use of their name and credit. Not surprisngly, the loans defaulted and the the straw buyers are now looking at torched credit. Here's the rest of the (1 comments)
San Diego Commercial Real Estate Outlook Bleak - 07/20/09 10:55 AM
The San Diego commercial office market will lag behind the San Francisco and Los Angeles markets, with recovery not expected until 2012, according to the Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey. “In the case of San Diego, our forecast is for office using demand to return to its 2009 level in 2012, With an increase in the stock of office space from those projects already underway in 2006, 2007 and 2008, falling rental rates and occupancy rates follow.” The upside is local businesses should be able to negotiate better terms on new and renewing leases. The report does provide (0 comments)
Short Sale Guides Coming Soon - Help Me Educate - 07/19/09 05:44 PM
One of my latest online projects is a nationwide guide to short sales. One of the challenges I see for the consumer and many agents less experienced in short sales is the lack of state specific information. With 50 states and numerous laws that vary from state to state, my goal is to create an online repository of region specific expertise. If you have documented short sale expertise and would like to be included in this upcoming guide, I would like to hear from you. Leave a comment with that mentions your local and experience and I'll be in touch. looking (4 comments)
Investors Keep San Diego in View - 07/18/09 04:33 PM
According to DataQuick President John Walsh, the rise in median prices in San Diego County is an indication that the real estate market is a bit less unstable, showing a more normal distribution of sales across the price spectrum. Its a different story for the higher end though, as the lack of jumbo financing for all but the most golden of buyers has impacted the demand, or more accurately, ability to buy jumbo financed properties. DataQuick reports that 18.6 percent of sales were fueled by investors, up from 16.1 percent in June of 2008. Foreclosure sales decreased, but that is a (0 comments)
San Diego Vital Signs Steady - 07/18/09 04:25 PM
The San Diego Business Journal reported yesterday market news that should relieve a bit of stress in the distressed market we have experienced for that last two years: "The housing market is showing consistent, albeit gradual signs of recovery as median home prices and home sales rose in June, La Jolla-based MDA DataQuick reported July 15. Buyers scooped up 3,692 single family homes and condos in San Diego last month, compared to 3,242 in May and 3,077 in June 2008. Median home prices increased to $314,000 in June, compared to $295,000 in May, and $290,000 in April. Median prices are (0 comments)
Citi Seeking Minimums For Short Sale Approvals on 2nds - 07/18/09 03:32 PM
I'm seeing this all over - Citi Mortgage telling agents to tell the 1st lien holder to take their $3000 offer to the 2nd and shove it. Our most recent Citi negotiation ended with Citi requiring 10% of the balance on the 2nd form the seller PRIOR to close of escrow in order to approve the sale. The seller agreed and paid up. The upside was that this was a short pay on a recourse 2nd that resulted in a "Settled for less than owed" situation. The seller now has two options with the first, which is approved. 1. Take the (0 comments)
The Perils of the Approval - 07/18/09 03:13 PM
Below is a typical boilerplate approval from Countrywide. Many agents are telling sellers that if they have purchase money loans, then this approval is good enough. The problem is that BofA, who now owns Countrywide, doesn't quite see it that way and is now actively selling debt to 3rd party investors. Be careful. It's dangerous out there in the short sale world.
_______________________________________________________________________________________________ what this means to the seller Countrywide and/or its investors may pursue a deficiency judgment for the difference in the payment received and the total balance due, unless agreed otherwise or prohibited by law, if the short (1 comments)
Forget the Sharks, In San Diego Its Beware of Squid - 07/17/09 01:16 PM
While the San Diego real estate market has seen it's share of sharks circling for the kill, if you are beachfront, its the giant Humbolt squid that grows up to five feet in length that is unnerving more than a few loacls and tourists alike this week. Local divers have reported large amounts of the squid, nick named the "Red Devil" because of its reddish color and aggressive behavior, made even more fearsome due to its razor sharp beak. The Humbolt also has the ability to jump out of the water, giving it the appearance of flying. (1 comments)
New San Diego Attorney Site - 07/17/09 01:08 PM
The San Diego based Law Firm of Quintana, McConnin & Sarte LLP launched a new web site this week at www.qmslaw.com. The firm practices business law and litigation, as well as personal injury, but has been focusing on bankruptcy, real estate and mortgage issues as the housing crisis has deepened. If you are in need of an ethical law firm in Southern California, or need to refer clients to a San Diego short sale attorney, give them a call.
What Steps Do You Take Prior To Listing A Short Sale? - 07/17/09 12:42 PM
What steps do you take when qualifying a potential short sale listing? Do you require your seller to obtain legal and tax advice first? Do you ask if walking away is an option? Are they a candidate for bankruptcy? Aside from determining if a hardship exists (many short sales are done without a hardship, btw), what else do you do?
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.