Real Estate

Complete video at: http://fora.tv/2009/09/01/Financial_Fiasco_The_US_Infatuation_with_Home_Ownership

Former Senator John Sununu (R-NH) gives an insider’s perspective on the federal government’s role in causing the financial crisis. Sununu claims politicians supported much-maligined organizations Fannie Mae and Freddie Mac because “they didn’t want to appear to be anti-housing.”

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How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now give more power to central banks, government agencies, politicians, and regulators? Isn’t that what brought us here in the first place?

Financial Fiasco digs deep into the foundation of the economic meltdown, revealing how it was the product of conscious actions by decisionmakers in companies, government agencies, and political institutions, and by consumers. Financial Fiasco tells the compelling story of how rate-cutting by the Federal Reserve inflated the real estate market and fueled increased risk-taking in the financial markets; how new government policies to promote home ownership blasted air into the credit bubble; how new financial instruments, credit-rating requirements, and accounting rules intended to prevent cheating backfired; and much more.

Financial Fiasco guides readers through a world of irresponsible behavior, warns that many of the “solutions” being implemented are repeating the mistakes that caused the crisis, and offers guidance on how to move forward. – Cato Institute

John Edward Sununu (born September 10, 1964) is a former Republican United States Senator from New Hampshire. Sununu was the youngest member of the Senate for his entire six year term. He was also its only Arab-American member during his time in office. He is the son of former New Hampshire Governor John H. Sununu.

Duration : 0:3:52

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For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: S608617

METICULOUS SINGLE LEVEL…END UNIT…NO ONE ABOVE OR BELOW…GORGEOUS BRAND NEW KITCHEN…Huge Garden Window. Light-Bright Home with Cathedral Ceilings & Skylight in D.R. Walk In Closet in MBR. Feels like a Single Family Detached home. Walk or Bike to Beach – less than one mile flat path along the Historic San Juan Creek. SEASIDE VILLAS IS EXTREMELY WELL FUNDED – OVER 100% IN RESERVES. ONE OF TWO SWIMMING POOLS IS HEATED ALL YEAR TO OVER 80 Degrees. EQUITY SELLER, NOT AN REO OR SHORT. Seller wants to CLOSE ESCROW IN APRIL.

Duration : 0:3:25

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http://www.tourfactory.com/s572751/r_www.youtube.com

For more information, contact:
David Fialk
732-283-2100 X102
Choice Realty Co

Have you been looking for a gorgeous home with extras galore? Look no more – this mint condition, center hall Colonial, with first class upgrades, is the one for you! Features include a lovely entry foyer; large living room and formal dining room with hardwood floors; spacious, gourmet eat-in-kitchen; spacious family room with wood burning fireplace; four large bedrooms, including a 20′ master bedroom suite with a sitting area, walk-in closet and master bath with double sinks; 2.5 baths; finished basement; two-car attached garage; two-car wide driveway; two-zone gas heat and central air with humidifier; security system; skylight; vinyl siding and a beautifully landscaped, and fenced, yard with an underground lawn sprinkler system, inground pool with hot tub, patio and large Trex deck. All of this and a commuter friendly location!

Duration : 0:5:22

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http://www.RuoAndHaschigRealty.com – Built near 1920, this well-maintained home has a lovely blend of space. The lower level of the home is ideal for entertaining with large connected spaces for relaxed gathering & dining. The butler’s pantry pass-through to the fully updated granite & cherry finish kitchen allows the host to be close to guests. Want cozy? Then gather-up in the south facing sun room or three season brick porch. ‘This Old House’ just released the best older neighborhoods in the country. Nashua’s North End took 1st place for the State of New Hampshire! The North End, & especially Berkeley Street, possesses an enchantingly idyllic atmosphere, while being within walking distance to the very vibrant center of the city. Moms, dads, children, nannies & neighbors often walk the maple tree and sidewalk lined street. The North End borders Greeley Park, a place for summer picnicking & evening concerts, and is close to the Nashua River Rail Trail, a 17-mile-long waterfront bike route that sweeps across the MA border.

Real estate video tours by http://www.NashuaVideoTours.com

Duration : 0:5:57

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For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: S586459

BACK ON MARKET!!! Really cute 2 bedroom PLUS large loft. Private end unit location overlooking trees. Soaring ceilings and lots of windows fill the home with sunshine! Kitchen opens to Living/Dining area, complete with fireplace & 2nd balcony, creating a great area for entertaining. Inside laundry can accomaodate full size w/d. Large loft w/media niche could easily be converted to 3rd bedroom or used as office/den. Tons of storage space & newer paint. Located in top rated Tustin Ranch Schools. Steps to association amenities and walking distance to shopping, dining and theatres. Low Mello Roos and HOA fees! A charming 1st home or a great investment opportunity.

Duration : 0:2:53

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For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: P726558

This Beautiful Home is in a Prime Location. Walk to Beach, Newport Harbor, Balboa Peninsula, Shopping, and Restaurants. Some of the many features included 2 Master Bedrooms and 2.5 Baths PLUS MOST OF THE FURNITURE. Great floor plan has a spacious living room with fireplace, inside laundry, mirrored wardrobes, walk-in closet, vaulted ceilings, custom window coverings, Nice kitchen with Corian Counter tops and dining area overlooks lovely enclosed patio. This complex was totally renovated in 2009. There are new vinyl windows, sliding doors and new vinyl fencing around the sunny private outdoor patio is great for entertaining all beautifully appointed and thoughtfully designed. This home has a Peek-A-Boo view of the Ocean from the first and second floor. HOA has pool and spa with outside shower and bathrooms all within very close walking distance from the rear patio. Quiet small Seawind Complex with great community Pool and SPA.

Duration : 0:1:1

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First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com

Part 6 (Excerpt)

How many lives have to be wrecked by the mortgage companies loss mitigation departments?

I always tell people when I was dealing with them, with their bankruptcy situation or foreclosures or whatever especially when someone would call me and they would say, I want to file a chapter 13 to save my house and I would say, You dont even think about doing that without an attorney and I would give them an attorneys name and it would work out for them because I think the numbers were like 95% of all chapter 13s filed by the home owner themselves failed.

And I think that is the kind of numbers were going to see in loan modifications, we saw numbers the other day that came out from the government saying that over 50% of the loan modifications are failing. I would suspect that 95% of those were not negotiated by an attorney.

Youre absolutely right, the other thing is people think theyre getting a loan modification because their lender told them that but theyre going to increase their payment over the next X number of months to make up for the back payments. That is not a loan modification by my standards, that is called a forbearance agreement and the majority of people who have failed its because they were put into a plan that was designed to fail.

For gods sakes if your lender is going to increase your mortgage payment by 50% how on earth are you going to pay it when you couldnt pay it when it was right? To me its just mind boggling, theyre out of their minds in these loss mitigation departments. They’re not looking out for you, theyre mitigating the loss for the banks, you need someone who is going to fight for you. And that is what we do.

Well those guys are employed by the bank and they have a vested interest in seeing the bank do well. And they have huge, huge, huge, hundreds of millions and billions in losses that they need to make up. Its kind of a no-brainer, plus, you can’t discount the psychological element in this. If youre in a stressful situation and youre emotionally tied to what if, what if, what is this going to look like in six months? You cannot objectively negotiate your own case with the lender it’s just not psychologically feasible to consider that. Even if you have the time and could figure it out.

And one thing, to take it back to a personal level, there were many times when I was working with people who were in foreclosure and got the phone call the night before the foreclosure sale. They would ask me, can you help me?, and I would say yes, here is what you want to do. You want to go down to the bankruptcy court first thing tomorrow morning and file a chapter 13 by yourself. Now I am not saying go through the chapter 13 by yourself, because I would give them the attorneys number, but they have to be there in line by nine oclock to get it filed and then go get an attorney to work with.

But why did they end up in that situation? In many cases they would tell me that they have been working to get what they called a loan modification, more accurately a forbearance agreement, that is what they were working on with their lender, they would send in all the paperwork that the lender asked for and they would call the lender back after 30 days. And the lender would say, oh well we lost it and so they would get it all together again, and they would send it in and it would be another 30 days, oh well we lost it. Or this, or that, or they would ask for more paperwork and eventually what it came down to is a couple of days before the actual foreclosure sale date the lender would call up and say No, we decided to not do your forbearance agreement for you. And then they’re calling me looking for help. Now if you were working with an attorney, I guarantee that lender is not going to lose your paperwork.

So I have this young lady of 50 years old call me today her husband had just passed away two months ago. Sad, sad situation, very difficult to talk with her because it just felt so horrible this was just unexpected. I probably should not say the name of the servicer, but she’s dealing with someone who would be considered a subprime lender, their loss mitigation department is in India. India doesn’t really have the same rules and guidelines, there is a huge language barrier between her and the person she is talking to try with to save her home.

Duration : 0:6:36

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Homes in California are selling… and it shows. According to the MDA DataQuick report that was released this past Tuesday, more than 39,000 new and preowned homes were sold. The report says that sales are up 12%, and is a great time for first time buyers as prices fall and keeping the current state a buyers market.

July 2008 could be considered the biggest sales jump in four years. In July 2007, The median home price fell to $318,000 thanks to an influx of foreclosures and home depreciation.

Duration : 0:3:9

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For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: S592006

APPROVED!APPROVED! APPROVED! Fantastic price for the largest floor plan in Presidio! 4 bedroom & 2.5 Baths! Beautiful private backyard with patio and water fountain, Wood floors. Spacious master suite with tiered ceiling, walk-in closet and ceiling fans. Gourmet kitchen with beautiful granite, Viking stove top, gorgeous oversize stainless sink, upgraded faucet, plenty of storage ! Short walk to association pool and spa. Fantastic school system; local elementary school is a Blue Ribbon School and middle school is California Distinguished. Perfect home in a great neighborhood. Beautiful parks nearby.

Duration : 0:4:1

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For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: S601213

Once you live on the water, you’ll never live anywhere else! CUSTOM Lake Front home with *PRIVATE BOAT DOCK and LAKE VIEWS* from living room, dining, kitchen, breakfast nook and master bedroom! Completely rebuilt from the ground up approximately two years ago. Quality construction throughout! Dual master bedrooms, one of which is on the first level. Extensive use of stone inside and out. Travertine floors. Custom kitchen with wood cabinets, granite counter tops, stainless steel kitchen appliances and plenty of cabinet space. Upstairs loft with built-in desk. Truly one-of-a-kind. Also, membership to Lake Forest Sun and Sail Club which includes pool, spa and clubhouse!

Duration : 0:2:53

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