The Norris Group team #207

This week on The Norris Group Real Estate Radio Show, Bruce Norris interviews Greg Norris, the property manager and buyer for The Norris Group, and Craig Hill, hard money loan and trust deed investment lead for The Norris Group. Transcription will be available next week.

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Jon Daurio Joins Bruce Norris on the Real Estate Radio Show #206

This week Bruce is joined by the Chairman and CEO of Kondaur Capital Corporation, Jon R. Daurio, Esq. Bruce and Jon discuss the process Kondaur Capital goes through when placing bids on large pools of distressed assets, how quickly his team can respond, if there's assurance of no issues on purchases, loans in the MERS system, dealing with FHA and HUD properties, why Jon doesn't do short sales, dealing with owners in the property, how Kondaur is so different from their competition, the network of people involved, and so much more.

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Jon Daurio Joins Bruce Norris on the Real Estate Radio Show #205

This week Bruce is joined by the Chairman and CEO of Kondaur Capital Corporation, Jon R. Daurio, Esq. Bruce and Jon discuss how Jon got into the mortgage business, his various positions and roles, and how he ended up working in the distressed market.  Many very large players have entered and exited the market because it isn't an easy field.  Kondaur has to very accurately predict future selling prices when doing due diligence when valuating assets. Kondaur rarely puts a house on the property where it's not move in ready. Jon talks about how often these large asset pools are available and how it's changed over the last three years and much more.

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Tom Anderson Joins Bruce Norris on the Real Estate Radio Show #204

This week Bruce is joined by Tom Anderson. Tom is the chairman and founder of PENSCO Trust Company. He is considered by many to be the national expert on the topic of self directed IRAs. Bruce and Tom discuss prohibited transactions, the IRS and the Department of Justice, real estate investors using their IRA for investing, disqualified persons and Internal Revenue Code 4975, how lenders can be fined for being involved in prohibited transactions, prohibited linked transactions, and much more.

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Tom Anderson Joins Bruce Norris on the Real Estate Radio Show #203

This week Bruce is joined by Tom Anderson. Tom is the chairman and founder of PENSCO Trust Company. He is considered by many to be the national expert on the topic of self directed IRAs. Bruce and Tom discuss Roth IRA, how and why IRAs were started, the 2010 Roth conversion, why investing in alternative assets make sense, leveraging an IRA, tax deferred investing, and much more.

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R.K. Arnold Joins Bruce Norris on the Real Estate Radio Show #202

This week, Bruce Norris is joined by the CEO and President of MERS, R.K. Arnold. Bruce and RK discuss R.K.'s recent testimony in front of the Senate Banking Committee, what MERS tracks and does not track, current issues in the system, the function of MERS and why it was created, the real issue in the foreclosure market, and much more.

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Mike Cantu, Tony Alvarez, and Rick Solis #201

This week, The Norris Group celebrates its 201st episode and we're joined by Tony Alvarez, Mike Cantu, and Rick Solis. The four discuss the rental market, what the three like in a rental including square footage, bedrooms, and number of bathrooms, areas they all like and buy in, school districts, holding condos in the current California market, section 8, the current state of REO and shadow inventory, dealing with renters, and much more.

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Mike Cantu, Tony Alvarez, and Rick Solis #200

This week, The Norris Group celebrates its 200th episode! Thanks everyone for your continued support for our work. Our goal is always to provide the best information to help you in your California real estate business. This week, we have a special show featuring three of our favorite guests: Tony Alvarez, Mike Cantu, and Rick Solis. The four discuss what they would do if they could do it all over again, what they've been working on in the current market, and the different business models they all have. The three also talk about price and rent declines.

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Kurt Pfotenhauer Joins Bruce Norris on the Real Estate Radio Show #199

This week, The Norris Group welcomes CEO of the American Land Title Association, Kurt Pfotenhauer. Bruce Norris and Kurt Pfotenhauer talk about the important role title plays in daily real estate transaction, the role of MERS in the current market and whether we should expect further issues, reasons why certain title companies are seeking indemnity on certain foreclosures, what an indemnity agreement actually means, if title companies will insure trustee sales, the complexity of different state laws in the market, and much more.

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John Schaub Joins Bruce Norris on the Real Estate Radio Show #198

This week, The Norris Group returns to its regular programming. This week, Bruce Norris is joined by best selling author and real estate investor with 35 years of experience, John Schaub. Bruce and John talk about how John has survived through three recessions in his career, how he sleeps well at night, what accountants think about free and clear houses, why the current market is a great time to buy, buy and hold vs. buy and sell, where and how John buys, what he likes to buy, and, of course, much more. Bruce Norris and John Schaub are speaking together next week in San jose for the first time ever. The Norris Group has also won another Gold Marcom award for the radio show. Thanks for your support.

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I Survived Real Estate 2010 part 5#197

This week, The Norris Group presents the third audio installment from the event I Survived Real Estate 2010. This award-winning event has raised over $170,000 since its inception three years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on the state of REO and foreclosure from an unusual and exciting lineup of experienced experts from multiple industries. This episode starts with more conversation with Fannie Mae and Freddie Mac talking more about bulk buying opportunities. Later, Bruce brings up the entire panel to discuss more on the economy and the real estate market.

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I Survived Real Estate 2010 part 4 #196

This week, The Norris Group presents the third audio installment from the event I Survived Real Estate 2010. This award-winning event has raised over $170,000 since its inception three years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on the state of REO and foreclosure from an unusual and exciting lineup of experienced experts from multiple industries. This episode goes into a little more on bulk buying with Fannie Mae and Freddie Mac.

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I Survived Real Estate 2010 part 3 #195

This week, The Norris Group presents the third audio installment from the event I Survived Real Estate 2010. This award-winning event has raised over $170,000 since its inception three years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on the state of REO and foreclosure from an unusual and exciting lineup of experienced experts from multiple industries. The video is now available on the website.

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I Survived Real Estate 2010 part 2 #194

This week, The Norris Group presents the second audio installment from the event I Survived Real Estate 2010. This award-winning event has raised over $170,000 since its inception three years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on the state of REO and foreclosure from an unusual and exciting lineup of experienced experts from multiple industries. The video is now available on the website. In this second show, Bruce Norris introduces the panelists and starts the interview with Christopher Thornberg of Beacon economic fame.

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I Survived Real Estate 2010 part 1 #193

This week, The Norris Group presents the audio portion from the event I Survived Real Estate 2010. This award-winning event has raised over $170,000 since its inception three years ago thanks to the support of all the sponsors and individuals donors that participate. This year, the event focused on the state of REO and foreclosure from an unusual and exciting lineup of experienced experts from multiple industries. The video is now available on the website. In this first show, Aaron Norris and Bruce Norris launch the event and Bruce sets up the evening speaking on the current state of real estate in the US.

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Ivan Choi Joins Bruce Norris on the Real Estate Radio Show #192

This week Bruce is joined by current president of REOMac, Ivan Choi. Ivan discusses the difference between a mortgage banker and a mortgage broker, the ease of obtaining funds in the current market, the current state of foreclosure inventory, shadow inventory, fear in the servicing market, and much more.

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Mike Novak-Smith Joins Bruce Norris on the Real Estate Radio Show #191

This week Bruce is joined by Mike Novak-Smith. Mike has been a household name in the REO business since the 90s. He has gained national recognition for his work in the REO industry. Mike and Bruce discuss how Mike got in the business, what it takes to stay in the REO business, what's going on in the REO market, and what to look forward to in the future.

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Peter Wayman Joins Bruce Norris on the Real Estate Radio Show #190

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week is Senior REO Sales Director for Freddie Mac, Peter Wayman. Peter and Bruce talk about Freddie Mac's internal REO strategies, loan modification, and opportunities for bulk buying with Freddie Mac.

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Christopher Thornberg Joins Bruce Norris on the Real Estate Radio Show #189

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week is Principle of Beacon Economics, Christopher Thornberg. Bruce and Christopher discuss current developments in the economy, deflation and inflation, housing demand, unemployment, and much more on this week's show.

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Joseph Magdziarz Joins Bruce Norris on the Real Estate Radio Show #188

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week is 2011 president of the Appraisal Institute, Joseph Magdziarz. Bruce and and Joseph discuss current developments for the appraisal industry including HVCC nad possible changes moving forward and the industry adjusts in the marketplace.

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Sean O'Toole with PropertyRadar #187

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week is president of Foreclosure Radar, Sean O'Toole. Bruce and and Sean talk about the state of current REOs and trustee sales in California, shadow inventory, where shadow inventory resides, legislation changing the market, and statistics on loan modifications. This and much more on this week real estate radio show and podcast.

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Daniel Phelan with Southwest Realty Services #186

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week the Mortgage Bankers Association selection to sit on the panel, Daniel J. Phelan. Daniel is CEO and President of Pacific Southwest Realty Services. Bruce and Daniel focus on the state of the commercial mortgage industry from its boom years to the recent situation in the credit crunch. Daniel talks about the loans that are currently not doing well and when those were underwritten and where the money came from in those transactions. This and much more on this week real estate radio show and podcast.

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Tommy Williams with the National Auctioneers Association 7-31-10 #185

This week the Norris Group continues with radio interviews leading up to I Survived Real Estate 2010: The State of REO. On the radio show this week is 2008 President of the National Auctioneers Association and Co-Founder of Williams and Williams Auction Company, Tommy Williams. Bruce and Tommy discuss current market place trends with real estate auctions, when auctions work the best, if auctions are being used for REO, and what to look for in a good auction company.

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Marsha Norris #184

This week the Norris Group launches its third annual breast cancer fund raising event, I Survived Real Estate 2010: The State of REO. On the radio show this week is the inspiration for the event and wife of Bruce Norris, Marsha Norris. On the show, Bruce and Marsha discuss the many hurtles and challenges of fighting breast cancer for 15 years. Thanks to all of our sponsors for already helping us have the biggest launch to date. We couldn't do it without you.

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REO Mentor Tony Alvarez #183

This week Bruce is joined this week by long-time real estate investor and now author of "Breaking Into the REO Business," Tony Alvarez. Bruce and Tony discuss the main way Tony buys houses, 14 distinctions for the lazy and incompetent, how Tony describes lazy, market timing, how to get in with agents that already have an investor in place, building relationships, love and its role in becoming great, and much more.

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REO Mentor Tony Alvarez #182

This week Bruce is joined this week by long-time real estate investor and now author of "Breaking Into the REO Business," Tony Alvarez. Bruce and Tony discuss one of Tony's first speaking engagements with the Norris Group, why he wrote a book, Tony's introduction to the business of investing in real estate, his family, the concept of his new book and why it's different, why Bruce bought his foreword, the psychology of REO and the agents involved, and so much more.

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Nancy West of HUD #181

This week Bruce is joined once again by Nancy West. Nancy is a marketing and outreach specialist for the Department of Housing and Urban Development. Bruce and Nancy discuss non profits working with HUD, NSP programs and how cities are working with the money they've been giving, loan modifications, FHA modifications, the role of the GSEs in the market, and much more.

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Nancy West of HUD #180

This week Bruce is joined by Nancy West. Nancy is a marketing and outreach specialist for the Department of Housing and Urban Development. She has been working in the mortgage industry since 1977. Nancy joined in 2004, and in 2006 she accepted one of four nationwide marking and outreach specialist positions.

Bruce and Nancy discuss the state of FHA mortgages, how long borrowers must wait for a government backed loans after forecloure, short sale, and deed-in-lieu, current guidelines for lending, HUD foreclosures, how investors can bid on HUD properties, 203k loans for investors, and much more.

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David Kittle with the Mortgage Bankers Association #179

This week Bruce Norris is joined by Senior Director Industry Relations for IMARC and 2009 Chairman for the Mortgage Bankers Association, David Kittle.

Bruce and David discuss internal controls on mortgage lending, checks and balances in the system, mortgage fraud and the kind that's most prevalent, current fraud schemes, mortgage fraud, short sale fraud, the state of the mortgage industry, and much more.

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David Kittle with the Mortgage Bankers Association #178

This week Bruce Norris is joined by Senior Director Industry Relations for IMARC and 2009 Chairman for the Mortgage Bankers Association, David Kittle.

Bruce and David talk a great deal about the different forms of bank fraud and the services IMARC perform as well as the many different players that may take part in mortgage fraud. The two also discuss upcoming loan legislation and what that means for real estate, how the FBI views fraud, and the state of the mortgage industry. The entire transcript can be found in the radio archives on The Norris Group website.

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Appraiser and Investor Rick Solis #177

This week Bruce Norris is joined by California real estate investor and appraiser, Rick Solis.

Rick and Bruce talk more about investing from 2001-2007, what was working and what was not, different skill sets that made a big difference, what Rick did in a downturn, Bruce Norris and the auction business, what Rick would have done differently in a boom, how Rick is buying properties now, competing with other investors, bad investors ruining it for the rest of us, and much more.

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Appraiser and Investor Rick Solis #176

This week Bruce Norris is joined by California real estate investor and appraiser, Rick Solis.

Rick has been in the business since he was 20 years old. Rick does most of the appraisals for The Norris Group's hard money loan division and also helps train investors at The Norris Group's REO Boot Camp.

Bruce and Rick discuss the changes in the appraisal industry since Rick started, why he likes working with hard money lenders, the misconception of appraising being easy because of systems like Zillow, cost-basis appraisals, different property features that add value and those that don't, and much more. The full transcription can be found in the archives at thenorrisgroup.com

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Bill Shipp Joins Bruce Norris on the Real Estate Radio Show #175

This week Bruce Norris is joined by California real estate investor, Bill Shipp.

Bruce and Bill discuss his success rate of offers and purchases, his work process, how he has much of his business on automatic pilot, working with a construction crew, Bill's ongoing education, funny stories on rehabs, how to learn construction, bulk buying, and much more.

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Bill Shipp Joins Bruce Norris on the Real Estate Radio Show #174

This week Bruce Norris is joined by California real estate investor, Bill Shipp.

Bruce and Bill discuss how he got in the business, how he buys houses, when he got started, how he works with Realtors in transactions, how he dealt with working in the current market, buying strategies, and much more.

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Leslie Appleton-Young of CAR #173

This week Bruce Norris is joined by Chief Economist with the California Association of Realtors, Leslie Appleton-Young.

Bruce and Leslie discuss the the history and current situation of the California media real estate price metric, looking back at problems leading up to the crash, strategic defaults, new deed-in-lieu of foreclosure program, distressed sales to regular sales ratios, real estate bulk buys, the state of the construction industry and building, demographics, and unemployment impacts.

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Leslie Appleton-Young of CAR #172

This week Bruce Norris is joined by Chief Economist with the California Association of Realtors, Leslie Appleton-Young.

Bruce and Leslie discuss the current market, price ranges that have stabilized, government intervention, the current real estate market and what to expect his year, and much more.

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Bill Tan of the San Diego Creative Real Estate Investors Association #171

This week Bruce Norris is joined by President of the San Diego Creative Investors Association and Bill Tan Investments, Bill Tan.

Bruce and Bill discuss how Bill got started in the business, what Bill specializes in, hard money loans, purchasing notes, seller carryback notes, the structure of a few creative deals, tax ramification for creative financing, and much more.

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Aaron Norris and Diana Barlet #170

This week Bruce Norris is joined by Marketing Director for The Norris Group, Aaron Norris, and Investor Relations E with the Norris Group, Diana Barlet. Bruce, Aaron, and Diana discuss the journey of buying a house in the current market as two solid buyers including why they waited, how long it took to find a house, information on buying an REO, the process and difficulties closing a transaction, and much more.

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Author and Economist Harry Dent #169

This week Bruce Norris is joined once again by Harry Dent. Harry is the president of the H.S. Dent Foundation, which publishes the H.S. Dent forecast. His mission is to help people understand change. He is the author of many books, which include The Great Boom Ahead 1992 and The Roaring 2000s and The Great Depression Ahead.

Bruce and Mr. Dent discuss how some of the brightest minds missed the bubble, the upcoming depression and US banking collapse coming in 2011, and the problem with economist and why they often get it wrong. They all discuss the differences between Japan and the US and how demographics play an important role in determining the coming market.

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Author and Economist Harry Dent #168

Bruce Norris is joined this week again by economist and author, Harry Dent. Harry Dent is author of The Power to Predict, The Great Boom Ahead 1992, and The Roaring 2000s and The Great Depression Ahead. Bruce and Mr. Dent discuss demographics, the role demographics play in predicting long term forecasting, predictions from past few decades, how the current stimulus plan from the government will work out, 80-year cycles, and much more.

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Scott Barber and Deanna Lorson - City of Riverside #167

Bruce Norris is joined this week again by the Development Director for the City of Riverside, Deanna Lorsen, and the Code Enforcement Director for the City of Riverside, Scott Barber. Bruce, Deanna, and Scott discuss the state of Riverside's budget, if taxes have decreased with real estate prices, how the state is trying to tap into the budgets of local cities, more on code enforcement, the process of fines with the city, investors and the city in partnership, lenders challenging cities and fines they've levied on foreclosures, the Riverside Renaissance and redevelopment funds at work, the Fox performing arts center, bond issuance, down payment assistant programs, rental assistance, the Home Investment Partnership, condominiums being told down because of builder foreclosure, and much more.

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Scott Barber and Deanna Lorson - City of Riverside - City of Riverside #166

Bruce Norris is joined this week by the Development Director for the City of Riverside, Deanna Lorsen, and the Code Enforcement Director for the City of Riverside, Scott Barber. Bruce, Deanna, and Scott discuss what their jobs look like on a daily basis, their core job functions, the state of the Neighborhood Stabilization Program (NSP), how Riverside has been dealing with the funds, how Riverside works with a private trust, the type of inventory Riverside is focusing on, and much more.

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Peter Schiff of Euro Pacific Capital #165

Bruce Norris is joined this week by President of Euro Pacific Capital and author of Crash Proof 2.0, How to profit from the Economic Collapse, Peter Schiff. Peter is currently campaigning for the Connecticut Senate seat to replace Senator Dodd. Bruce and Peter discuss the economy, inflation potential in the United States, real estate price increases and the cause of those increases, and how the government is making the problem worse.

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Robert J. Samuelson 3-6-10 #164

Bruce Norris is joined by award-winning columnist and author of The Great Inflation and Its Aftermath, Robert J. Samuelson. Bruce and Robert discuss United States inflation, the inevitable pop of bubble, consumers overspending, expectations of the consumer in a boom and in a bust, whether deflation or inflation is the most concerning trend in the near future for the United States, how consumers might have to change expectations in the near future, stagflation, and much more on this week's Norris Group Real Estate Radio Show and Podcast.

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Robert J. Samuelson 2-27-10 #163

Bruce Norris is joined by award-winning columnist and author of The Great Inflation and Its Aftermath, Robert J. Samuelson. Bruce and Robert discuss United States monetary policy, inflation, deflation, presidential policy on the economy, political pressure, unemployment, economic growth, the psychology of the market, inflation examples from the past, and much more on this week's Norris Group Real Estate Radio Show and Podcast.

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Christopher Thornberg of Beacon Economics #162

This week Bruce is joined once again by Christopher Thornberg. Christopher is an expert in the study of regional economies, real estate dynamics, and business forecasting. In 2006, he co-founded Beacon Economics which is an economic research and consulting firm that specializes in real estate markets, local economic development, and public and private policy issues. Christopher has also been part of the Norris Group’s award-winning fundraising series, I Survived Real Estate.

Christopher and Bruce discuss the more on inflation, consumers and the idea of judges wiping out debt in cramdowns, the United States compared to Japan's economy, deflation potential in the United States (if any), GDP and the health of the Unites States, Bernanke and currently policy, employment numbers, excess and working through issues currently on the table, what would happen if the US re-adopted mark to market for banks, and of course, much more.

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Christopher Thornberg of Beacon Economics #161

This week Bruce is joined by Christopher Thornberg. Christopher is an expert in the study of regional economies, real estate dynamics, and business forecasting. In 2006, he co-founded Beacon Economics which is an economic research and consulting firm that specializes in real estate markets, local economic development, and public and private policy issues. Christopher has also been part of the Norris Group’s award-winning fundraising series, I Survived Real Estate.

Christopher and Bruce discuss the current state of the market and whether the market is truly experiencing a comeback or is it completely manufactured. Christopher goes into detail about Bernanke and his current handling of the market. Government actions has delayed the inevitable and Christopher and Bruce discuss what the different strategies have been and how effective they have been and how much longer we should expect to see these manipulations.

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Philip Tirone of the Mortgage Equity Group #160

Bruce Norris is joined by Philip Tirone. Philip Tirone is the President of the Mortgage Equity Group and author of The 7 Steps to a 720 Credit Score. Bruce and Philip discuss strategic defaults, potential interest rates for the United States, potential ramifications from defaults, foreclosures becoming socially acceptable, loan modifications, and what banks are having to deal with because of foreclosures on their books.

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Philip Tirone of the Mortgage Equity Group #159

Bruce Norris is joined by Philip Tirone. Philip Tirone is the President of the Mortgage Equity Group and author of The 7 Steps to a 720 Credit Score. Bruce and Philip discuss the state of the jumbo lending market, difficulties with appraisals, over disclosure in the market, regulation x, and new lending guidelines.

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Greg Norris of The Norris Group #158

Bruce Norris is joined by Greg Norris, Porject manager at The Norris Group in charge of REO and trustee sale acquisitions. Bruce and Greg discuss some of what The Norris Group is doing, how Greg learned the skills necessary to be successful, and what it takes to be a competitive California real estate investor in the current market.

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Paul Bertrand of the FBI #157

Bruce Norris is joined by Paul Bertrand, supervisor for the Los Angeles Mortgage Fraud Division in the FBI. Bruce and Paul discuss mortgage fraud including the hot topic of short sale fraud and new trends the FBI watches for in California and around the US.

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Randy Grigg of Elite Auctions #156

Bruce Norris is joined this week by Randy Grigg, President of Elite Auctions in California as well as an investor. Bruce and Randy discuss how trustee sale buyers are leveraging his California auction service and how advertising have changed in the auction business. Randy also shares some of the expertise required in making an auction successful.

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Randy Grigg of Elite Auctions #155

Bruce Norris is joined this week by Randy Grigg, President of Elite Auctions in California. Bruce and Randy discuss everything from creative financing, to seller financing, to California real estate investor strategies over the years.

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