Susie Leivas of Leivas Associates Joins the Norris Group Real Estate Radio Show #310

Bruce Norris is joined this week by Susie Leivas. Susie is the CFO of Leivas Associates. She has been doing taxes since the ripe old age of thirteen, and she just started a new venture in the last year as a franchise owner.  Bruce and Susie discuss her tax business, tax audits and what makes the more likely to happen, the general mood of the participant taxpayers, changes certain to come in 2013, the maximum rate change, the Dodd-Frank Act, Medicare and Social Security Taxes, the Federal Tax Rate, and more on this week's real estate radio show and podcast. 

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John Burns of John Burns Real Estate Consulting Joins the Norris Group Real Estate Radio Show #309

Bruce Norris is joined this week by John Burns. John is the CEO of John Burns Real Estate Consulting Firm, and he has put together quite a talented team of trusted advisors. They do service for banks, lenders, builders, developers, investors, and product manufacturers. It is a very well-respected business, and Bruce has been amazed at the transformation over the last five years. As the downturn has occurred, his business has grown and expanded. John said they have diversified, and if he had continued hanging out with homebuilders he might not have done quite as well. Bruce and John discuss California's current median price, the VA no-down borrower, the mood of the builders for the coming year, current stock prices, the problem of AMT, Proposition 13, and more on this week's real estate radio show and podcast. 

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John Burns of John Burns Real Estate Consulting Joins the Norris Group Real Estate Radio Show #308

Bruce Norris is joined this week by John Burns. John is the CEO of John Burns Real Estate Consulting Firm, and he has put together quite a talented team of trusted advisors. They do service for banks, lenders, builders, developers, investors, and product manufacturers. It is a very well-respected business, and Bruce has been amazed at the transformation over the last five years. As the downturn has occurred, his business has grown and expanded. John said they have diversified, and if he had continued hanging out with homebuilders he might not have done quite as well. Bruce and John discuss construction's impact on unemployment, commercial occupancy, increased pricing amongst distressed real estate, a recent report by CAR, below replacement cost, the problem with the lack of available building lots, the fiscal cliff, tax structure, and more on this week's real estate radio show and podcast.

Tune in next week as Bruce continues his discussion with John Burns on part 2 of this segment of the Norris Group real estate radio show and podcast. Tune in next week as Bruce continues his discussion with John Burns on part 2 of this segment of the Norris Group real estate radio show and podcast. 

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I Survived Real Estate 2012 Part 7 #307

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris brought up the entire panel of experts to discuss industry trends and the coming legislation.  Bruce discussed with them Chapter 9 bankruptcy, the housing bubble, government growth, commercial real estate, bank reserves, each panelist's view on the economy and where they saw it heading, and more. 

Thank you so much for everyone who supported I Survived Real Estate and for listening.  Tune in next week as Bruce interviews John Burns of John Burns Real Estate Consulting.

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I Survived Real Estate 2012 Part 6 #306

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris brought up the entire panel of experts to discuss industry trends and the coming legislation.  Bruce discussed with them the FICO requirement for the average Fannie Mae loan, REITs, the new California foreclosure law, the California Homeowner Bill of Rights, the fiscal cliff, the general agreement on what needs to be cut, interest rate deductions, mortgage deductions, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 6.

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I Survived Real Estate 2012 Part 5 #305

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris welcomed Rick Sharga of Carrington Holdings Company and Sean O'Toole of ForeclosureRadar to the panel.  Bruce discusses with them the business model for Carrington Holdings Company, the REIT format, the creation of new security products, the different sources for properties that can be purchased, note sales, the future of shadow inventory, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 6.

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I Survived Real Estate 2012 Part 4 #304

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris continues his discussion with Sara Stephens, Gary Thomas, and E.J. Burke.  Bruce discusses with them who owns the appraisal management companies, the term scope crepe and what this meant when Sara testified in front of Congress, the ramifications for someone with an appraisal value lowered, the formula for getting an edge in the appraisal business, the Dodd Frank Act, the types of loans that could be exempt from QRM standards, repurchase issues, debt forgiveness, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 5.

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I Survived Real Estate 2012 Part 3 #303

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris continues his discussion with Mark Palim and Eric Janszen on where we are in the housing market, interest rates, that positives that got us off the bottom of the market, the driving forces behind the improvement in the market, what new policies could be implemented, the significance of QE3, the importance of housing to an economic recovery, and more.  Bruce also introduced Sara Stephens from the Appraisal Institute, Gary Thomas from the National Association of Realtors, and E.J. Burke from Key Bank Real estate Capital.  Bruce discusses with them the appraisal process and appraisal world, mortgage industry rules, the appraisal management company's design to provide a barrier between the appraiser and the rest of the participants, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 4.

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I Survived Real Estate 2012 Part 2 #302

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Sarah Pizzaruso from Make a Wish spoke about five-year old McClain who had his wish granted to play football with a professional team and how this affected so many others, including his family and those at the stadium.  Lainie Strouse from St. Jude's Children's Research Hospital also spoke about the child Braden who they have helped as well as the the many progressions they are making in the medical field and in cancer research.  In the broadcast segment, Bruce Norris discusses the value of real estate properties today compared to early 2000, underwater borrowers, our current interest rates, unsold inventory in California, what is being done to provide relief more quickly, and much more.  He also discusses with Fannie Mae's economic director Mark Palim consumer sentiment towards the market, their expectations on housing prices, increased rents, and if we have passed the bottom of the housing market.  To find out more, tune in next week for I Survived Real Estate 2012, part 3.

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I Survived Real Estate 2012 Part 1 #301

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Sarah Pizzaruso from Make a Wish spoke about five-year old McClain who had his wish granted to play football with a professional team and how this affected so many others, including his family and those at the stadium.  Lainie Strouse from St. Jude's Children's Research Hospital also spoke about the child Braden who they have helped as well as the the many progressions they are making in the medical field and in cancer research.  Bruce Norris spoke on a recent article he read on the housing forecast and where he stands on it, the Norris Group's business model of turning run-down homes into brand new ones, recent charts showing a progression in delinquencies, the debt we owe today, and much more on this week's real estate radio show and podcast. To find out more, tune in next week for I Survived Real Estate 2012, part 2.

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Mike Cantu, Tony Alvarez, and Rick Solis Join Bruce Norris on the Real Estate Radio Show #300

For our 300th radio podcast, Bruce Norris is joined by three special guests: Rick Solis, Mike Cantu, and Tony Alvarez. Rick Solis is a very successful investor who flies a little bit below the radar. He is an appraiser, buys trust deeds, and buys properties. Tony Alvarez, who invented the radar, is the REO Mentor and is a very successful buyer and teacher. He works with buying and holding, buying and selling, does wholesaling, and buys currently out of the MLS. Mike Cantu is a very successful property buyer. He has been a developer, landlord, and trainer. He is specialized in talking to clients on the phone and never meeting a soul who he buys houses from. Bruce discusses with them home prices in the lower end markets as well as the varying cities, hedge funds, the competition in the market and private party deals Mike has put together, the mailers Rick sends out and the attitude of those receiving them, the difference today when promising returns, the inevitable price increases, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible.

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Christopher Thornberg, Principal at Beacon Economics, Joins Bruce Norris on the Real Estate Radio Show #299

Bruce Norris is joined this week by Christopher Thornberg.  Christopher is the founding partner of Beacon Economics, LLC and widely considered to be one of California's leading economists.  He is an expert in economic forecasting and regional economics, economic policy, and industry economics.  He was one of the earliest and most adamant predictors of the global economic recession that began in 2008. Bruce and Christopher discuss his view on the direction of the U.S. economy, the 1.7% ten-year T-Bill, California and the risk quotient, the real estate numbers, their view on the 2013 fiscal cliff, Chapter 9 bankruptcy, the consequences of a low interest policy, and more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. 


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E.J. Burke, Vice Chairman of the Mortgage Bankers Association, Joins Bruce Norris on the Real Estate Radio Show #298

Bruce Norris is joined this week by E.J. Burke. E.J. is vice-chairman of the Mortgage Bankers Association as well as the executive vice president and group head of Key Bank Real Estate Capital and Corporate Banking Services. This is a division of Key Bank NA. Burke is one of five group heads in Key Corporate Banking Division with responsibilities for Key Bank’s real estate capital, Key’s treasury management services, international and foreign exchange services, custody services, and the financial institution’s client segment.
Bruce and E.J. discuss off-balance sheets and what this means, Dodd-Frank and the new rules that will come from this act, the process for securitizing a loan today compared to the past, the changes that may be coming to the real estate industry, loan policy in today's market, shadow inventory, and much more on this week's real estate radio show and podcast. 

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year.  The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible.  E.J. Burke will be joining the panel at I Survived Real Estate 2012.   

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Rick Sharga, Vice President of Carrington Holding Company, LLC, Joins Bruce Norris on the Real Estate Radio Show #297

Bruce Norris is joined this week by Rick Sharga. Rick is an executive vice president at Carrington Mortgage Holdings, LLC. Rick is one of the most often quoted experts and has been on almost every television show about real estate records. He has been seen on NBC Nightly News, CNN, CBS, NBC. He is a trusted voice in what is going on in the real estate world.
Bruce and Rick discuss his company and how it has grown, their position in the marketplace, companies who plan on reaching critical mass, foreclosures back in 2008 and 2009 and how they have had an impact, the shorter process today for obtaining a FICO score, the change in attitude toward lenders in regards to principal reductions, the recent bulk sale of properties in Florida and California, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year.  The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible.  Rick Sharga will be joining the panel at I Survived Real Estate 2012.   

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Sean O'Toole, President of ForeclosureRadar, Joins Bruce Norris on the Real Estate Radio Show #296

Bruce Norris is joined this week by Sean O'Toole. Sean is the founder and CEO of ForeclosureRadar.com, the only company that tracks every foreclosure in California with daily updates on all foreclosure auctions. Prior to ForeclosureRadar, Sean spent 15 years building and launching software companies before entering the foreclosure business in 2002. Here, he has successfully bought and sold more than 150 properties. Bruce and Sean discuss how Sean first became involved in the foreclosure business, the margin of spread in 2002 compared to today, the access to information compared to today, where the money in the marketplace is coming from, the status of yields in the market, REOs and shadow inventory, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. Sean O'Toole will be joining the panel at I Survived Real Estate 2012.
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Gary Thomas, President Elect of the National Association of Realtors, Joins Bruce Norris on the Real Estate Radio Show #295

Bruce Norris is joined this week by Gary Thomas. Gary Thomas is the broker/owner of Evergreen Realty in Villa Park, California. He has been in the business for more than 35 years and has served the real estate industry in countless roles. Gary is currently the 2012 president elect for the National Association of Realtors, which has been the voice of real estate professionals. Bruce and Gary discuss the benefits of joining the National Association of Realtors, Gary's duties once he becomes the president of NAR, the fiscal cliff, the real estate industry now compared to 2008, the loan process, the QM and QRM, the hedge fund buyers and inventory in Orange County, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. Gary Thomas will be joining the panel at I Survived Real Estate 2012.

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Eric Janszen, Economic and Financial Analyst of iTulip, Joins Bruce Norris on the Real Estate Radio Show #294

Bruce Norris is joined this week by Eric Janszen. Eric is an economic analyst with more than two decades of experience as a technology industry executive and venture capitalist. In 1998 he founded itulip.com, a financial analysis company with an amazingly accurate forecasting record. Bruce and Eric discuss the current state of the economy regarding hedge funds and the lack of yield, current home prices in California, the fiscal cliff, the Euro zone, inflation and interest rates, the presidential election, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. Eric Janszen will be joining the panel at I Survived Real Estate 2012.

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Sara W. Stephens, President of the Appraisal Institute, Joins Bruce Norris on the Real Estate Radio Show #293

Bruce Norris is joined this week by Sara Stephens. Sara is the president of the Appraisal Institute. The Appraisal Institute is a global membership association of professional real estate appraisers with nearly 23,000 members in nearly 60 countries throughout the world. Sara has been active in the Appraisal Institute’s chapter, regional, and national levels for over 20 years. She owns an appraisal business along with her husband Richard in Little Rock, Arkansas. Bruce and Sara discuss the breadth of the Appraisal institute spanning 60 countries and how this affects the definition of market value, the importance of advocacy, the importance of having a professional appraiser who understands the market, how much the appraisal process has changed since 2006, appraisal management companies, the problem of expertise and professionalism being replaced with quick and cheap, the selection process and methodology, and much more on this week's real estate radio show and podcast.

 In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. Sara Stephens will be joining the panel at I Survived Real Estate 2012.

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Mark Palim, Director of Economics for Fannie Mae, Joins Bruce Norris on the Real Estate Radio Show #292

Bruce Norris is joined this week by Mark Palim. Mark is a director in the economic and strategic research group at Fannie Mae. His work focuses on the impacts of trends in the financial services sector on the economy and on Fannie Mae. Dr. Palim has a Ph.D. in economics from George Mason University and a B.A. in international studies from John Hopkins University. He lives in Bethesda, Maryland and will join the panel at I Survived Real Estate. Bruce describes Mark as being in the What’s Next? Business. He has to look in the future and tell people what is likely going to happen next. 
Bruce and Mark discuss the current status of the ten-year Treasury bill, the dislocation created in our economy, the impending fiscal cliff, the real estate market in the last five years, the signs of stability and what is causing them, shadow inventory, the current economic outlook, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year.  The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible.  Mark Palim will be joining the panel at I Survived Real Estate 2012.   


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Mike Cantu, Tony Alvarez, and Rick Solis Join Bruce Norris on the Real Estate Radio Show #291

Today on the show are three special guests. Rick Solis is a very successful investor who flies a little bit below the radar. He is an appraiser, buys trust deeds, and buys properties.
Tony Alvarez, who invented the radar, is the REO Mentor and is a very successful buyer and teacher. He works with buying and holding, buying and selling, does wholesaling, and buys currently out of the MLS.
Mike Cantu is a very successful property buyer. He has been a developer, landlord, and trainer. He is specialized in talking to clients on the phone and never meeting a soul from whom he buys houses.
Bruce discusses with them the first time they were inspired to invest in real estate, how their children view real estate, the time they had their first good stretch of real estate, their toughest times in the job, their definition of wealthy, and much more on this week's real estate radio show and podcast. 

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year.  The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. 


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Steve Silva, Mike Novak-Smith, and Lance Martin Join Bruce Norris on the Real Estate Radio Show #290

Today on the show are three special guests. Lance Martin has been in the real estate business for 24 years as broker/owner of Coldwell Banker Pioneer Real Estate, which serves the Inland Empire. Lance is an expert in residential REO foreclosure sales and owns offices in several Southern California counties.
Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire but also the nation. Mike is in the top 1% of all real estate agents nationwide and is experienced in REO short sales, bankruptcies, asset management, and negotiating. He also specializes in the Inland Empire as well.
Steve Silva owns several businesses including Market Point Realty and Las Brisas Escrow. Steve is an expert in residential REO sales as wells as being a real estate investor. 
Bruce discusses with them the status of appraisers in the current market, cash buyers, the people backed by Wall Street money and if they affect their businesses, the new sense of entitlement in this country, REO listings and short sales, eminent domain, and much more on this week's real estate radio show and podcast.

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Lance Martin, Mike Novak-Smith, and Steve Silva Join Bruce Norris on the Real Estate Radio Show #289

Today on the show are three special guests. Lance Martin has been in the real estate business for 24 years as broker/owner of Coldwell Banker Pioneer Real Estate, which serves the Inland Empire.
Lance is an expert in residential REO foreclosure sales and owns offices in several Southern California counties.
Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire but also the nation. Mike is in the top 1% of all real estate agents nationwide and is experienced in REO short sales, bankruptcies, asset management, and negotiating. He also specializes in the Inland Empire as well.
Steve Silva owns several businesses including Market Point Realty and Las Brisas Escrow. Steve is an expert in residential REO sales as wells as being a real estate investor. 
Bruce discusses with them the future status of where inventory is going to come from, what inventory investors might find to buy, the volume of REO sales in the early 90s compared to the 2007-2012 years, property values in the 90s and today, the loan modification programs and which have been successful, and much more on this week's real estate radio show and podcast.

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Robert Hockett, Professor at Cornell Law School, Joins Bruce Norris on the Real Estate Radio Show #288

This week Bruce Norris is joined once again by Robert Hockett.  Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order.  He is also a fellow at the Century Foundation, a commissioned offer for the New America Foundation and consultant to a number of financial institutions, regulators, and legislators.  Prior to entering legal academia, he worked at the International Monetary Fund and served as a judicial clerk for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the 10^th Circuit.  He was educated at the University of Kansas, Oxford University, where he studied as a Rhodes scholar, and at Yale University.  Robert also authored a memorandum entitled It Takes a Village Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification Value Preservation and Economic Recovery.  Bruce and Robert primarily discuss eminent domain as well as the concept of shadow vacancy, the creation of the new permanent loan for the occupant, what the city gains from eminent domain, current market prices, the valuation model currently being used, where the losses go, and much more on this week's real estate radio show and podcast.

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Robert Hockett, Professor at Cornell Law School, Joins Bruce Norris on the Real Estate Radio Show #287

This week Bruce Norris is joined once again by Robert Hockett.  Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order.  He is also a fellow at the Century Foundation, a commissioned offer for the New America Foundation and consultant to a number of financial institutions, regulators, and legislators.  Prior to entering legal academia, he worked at the International Monetary Fund and served as a judicial clerk for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the 10th Circuit.  He was educated at the University of Kansas, Oxford University, where he studied as a Rhodes scholar, and at Yale University.  Robert also authored a memorandum entitled It Takes a Village Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification Value Preservation and Economic Recovery.
Bruce and Robert primarily discuss eminent domain as well as the Hawaii Metcalf case from 1984, the Kilo case in the city of New London, the collective action problem Robert discusses in his memorandum, the specific type of loan eminent domain is being used on, and much more on this week's real estate radio show and podcast.
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Robert Hockett, Professor at Cornell Law School, Joins Bruce Norris on the Real Estate Radio Show #286

This week Bruce Norris is joined Robert Hockett.  Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order.  He is also a fellow at the Century Foundation, a commissioned offer for the New America Foundation and consultant to a number of financial institutions, regulators, and legislators.  Prior to entering legal academia, he worked at the International Monetary Fund and served as a judicial clerk for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the 10th Circuit.  He was educated at the University of Kansas Oxford University, where he studied as a Rhodes scholar.  Robert also authored a memorandum entitled It Takes a Village Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification Value Preservation and Economic Recovery.
Bruce and Robert primarily discuss eminent domain and his recent report as well as what is happening in the market, especially in San Bernardino, as well as the controversial Kilo case on this week's real estate radio show and podcast.
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Mark Dowling, Steve Manos, and Paul Herrera of the Inland Valley Association of Realtors Join Bruce Norris on the Real Estate Radio Show #285

This week Bruce Norris is joined once again by Mark Dowling, Steve Manos, and Paul Herrera of the Inland Valley Association of Realtors. Mark serves as the Chief Executive Officer for the non-profit Inland Valley Association of Realtors, while Steve Manos is the current president and Paul Herrera the government affairs director
The primary focus of today's show is government eminent domain.  Bruce, Mark, Paul, and Steve discuss eminent domain in terms of the Cal Trans freeway expansion, the research on the city ordinance in Oakland, perverse incentives being created by government programs, the tax liability and legal ramifications from eminent domain, who owns the loan when eminent domain is successful, cram-downs and how it differs from eminent domain, and much, much more on this week's real estate radio show and podcast.
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Mark Dowling, Steve Manos, and Paul Herrera of the Inland Valley Association of Realtors Join Bruce Norris on the Real Estate Radio Show #284

This week Bruce Norris is joined by Mark Dowling, Steve Manos, and Paul Herrera of the Inland Valley Association of Realtors.  Mark serves as the Chief Executive Officer for the non-profit Inland Valley Association of Realtors, while Steve Manos is the current president and Paul Herrera the government affairs director.  Bruce, Mark, Paul, and Steve discuss the percentage of short sale inventory in the market, the number of sales in the market currently, the escalating market, the ease of receiving a loan today, the impact of REOs on the market, the Homeowner Bill of Rights, foreclosure alternatives are that the legislation wants to be available, and much, much more on this week's real estate radio show and podcast.

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Rick Sharga, Vice President of Carrington Mortgage Holdings, Joins Bruce Norris on the Real Estate Radio Show #283

This week Bruce Norris is joined once again by Rick Sharga.  Rick is an executive vice-president at Carrington Mortgage Holdings, LLC.  Rick is one of the nation’s most frequently quoted sources on foreclosure, mortgage, and real estate trends.  He has appeared on NBC Nightly News, CNN, CBS, NBC, ABC, CNBC, Fox, and NPR.  Rick is a member of the Board of Directors of REOMAC and the president of the Technology Council of Southern California.  Bruce and Rick discuss how Rick handles trustee sales, the new challenges in the market, the shift from lender rights to people in foreclosure rights, the percentage of borrowers upside down, the change in the percentage of FHA loans to credit scores, the real estate market in the coming years, and much more on this week's real estate radio show and podcast.

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Rick Sharga, Vice President of Carrington Mortgage Holdings, Joins Bruce Norris on the Real Estate Radio Show #282

This week Bruce Norris is joined  by Rick Sharga.  Rick is the executive vice-president at Carrington Mortgage Holdings, LLC.  He is one of the nation’s most frequently quoted sources on foreclosure, mortgage, and real estate trends.  He has appeared on NBC Nightly News, CNN, CBS, NBC, and just about every possible outlook.  Rick is also a member of the board of directors of REO Max and president of the Technology Counsel of Southern California.  Bruce and Rick discuss what his job as the vice-president of Carrington entails, the company itself and how it was started, bulk purchases of loans as well as loan pools, the concentration in the location of loans, foreclosure laws, the increase in rental properties and rates, Rick's plans to create a REIT,  and much more on this week's real estate radio show and podcast.

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Vice President and Chief Economist of CAR Leslie Appleton-Young Joins Bruce Norris on the Real Estate Radio Show #281

This week Bruce Norris is joined once again by Leslie Appleton-Young.  Leslie is vice-president and chief economist for the California Association of Realtors, a statewide trade organization with over 150,000 members dedicated to advancement of professionalism in real estate.  Leslie directs the activities of the association’s member information group.  She oversees the analysis of the housing market and brokerage industry trends, member communication, and membership development activities.  She also is closely involved in the association’s strategic planning efforts and is a well-known speaker in California.  Bruce and Leslie discuss the increase in the percentage of equity sellers, buyers today compared to 2006, REOs and shadow inventory, the percentage of inventory sales in California, household formation, the status of Fannie and Freddie in the future, Proposition 13, and much more on this week's real estate radio show and podcast.

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Vice President and Chief Economist of CAR Leslie Appleton-Young Joins Bruce Norris on the Real Estate Radio Show #280

This week Bruce Norris is joined by Leslie Appleton-Young.  Leslie is vice-president and chief economist for the California Association of Realtors, a statewide trade organization with over 150,000 members dedicated to advancement of professionalism in real estate.  Leslie directs the activities of the association’s members investment group or information group.  She oversees the analysis of the housing market and broker industry trends, member communication, and membership development activities.  She also is closely involved in the association’s strategic planning efforts and is a well-known speaker in California.  Bruce and Leslie discuss the current market and how we are doing compared to past years, the increase in median prices, the supply of short sales in the market, the percentage drop from the peak of the market to the bottom in early 2009, the change in inventory in the last few months, the nothing-down loan program Bruce and Sean O'Toole discussed in Washington, what the market was like at the peak in 2007, California compared to the rest of the country, and much more on this week's real estate radio show and podcast.

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Coldwell Banker Pioneer Owner Lance Martin Joins Bruce Norris on the Real Estate Radio Show #279

This week Bruce Norris joined once again by Lance Martin.  Lance is broker/owner of Coldwell Banker Pioneer Real Estate.  He has been in the business since he was 19 and is usually involved in short sales and REOs.  This radio segment focuses heavily on short sales.  Bruce and Lance discuss short sales and how they are more common in today's market, the long process for handling short sales, the process banks are going through to clean up their bad portfolios by paying people to do a short sale, the increase in short sales in the hard money loan business, the reason for short sales to get denied, and much more on this week's real estate radio show and podcast.

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Coldwell Banker Pioneer Owner Lance Martin joins Bruce Norris on Real Estate Radio Show #278

This week Bruce Norris joined by Lance Martin.  Lance is broker/owner of Coldwell Banker Pioneer Real Estate.  He began his career in real estate at 19 and has mostly been involved with the REO side of the business for over twenty years.  Bruce and Lance discuss his work with REOs and when the REO business peaked, his definition of a normal market, the affect loan modifications would have on the REO business, Lance's thoughts on the bulk sale and rental program, and much more on this week's real estate radio show and podcast.

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Credit expert Phil Tirone joins Bruce Norris on Real Estate Radio Show #277

This week Bruce Norris is joined once again by Philip Tirone. Philip has been an entrepreneur from the start, buying and selling gold and silver in elementary school.  He later established a car audio resale business in high school.  As a mortgage broker he created 720creditscore.com to help his clients increase their credit scores and improve their financial situation.  Originally a book and a workbook, the product expanded to become an infomercial, a teleseminar, and an online wealth enhancement course.
Bruce and Philip discuss in great length about how the logic does not make sense with credit scores now, high-priority and low-priority errors, the purpose of Philip's webinars and programs, the problem of overlays in the market today, decisions made when you are dealing with small credit unions and small regional banks, good changes lenders are now making, and much more on this week's real estate radio show and podcast.

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Credit expert Phil Tirone joins Bruce Norris on Real Estate Radio Show #276

This week Bruce Norris is joined by Philip Tirone. As a mortgage broker he created 720creditscore.com to help his clients increase their credit scores and improve their financial situation.  Originally a book a workbook, the product expanded to become an infomercial, a teleseminar, and an online wealth enhancement course.
Bruce and Philip discuss how Philip has been an entrepreneur most of his life and how his early life led him to the work he does now, his priorities now compared to when he first started working in the industry, his one-on-one time with Bruce and other coaches to help in his work and other areas, the kind of services his website 720creditreport.com offers, how he established the website by using his own credit score as a guinea pig, the people Fannie, Freddie, and FHA are loaning to now compared to earlier, and much more on this week's real estate radio show and podcast.

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James Spiotto Joins Bruce Norris on the Real Estate Radio Show #275

This week Bruce Norris is joined once again by James Spiotto.  James is a partner with Chapman & Cutler Law Firm in Chicago.  He is an expert on the municipal bankruptcies, and he produced a document called A Primer on Municipal Debt Adjustments that Bruce recently read.  Mr. Spioto is head of the Litigation, Bankruptcy and Workout Group.  He has represented banks and bank groups, insurance companies, institutional investors, funds, indenture trustees and bondholders in litigation or workouts for more than 400 troubled debt financings in over 35 different states and ten foreign countries.  He has testified in front of Congress a number of times.  Bruce and James discuss fiduciaries and municipalities, meeting the long-term goals for employees both on the pension and municipal side, the ramifications of not fulfilling your promise in a business, James recent testifying on the ability or inability for a state to declare bankruptcy, rainy day funds, creating benefits for citizens and attracting employees, sovereign debt resolution, the economy in the early '80s compared to today, and much more on this week's real estate radio show and podcast.

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James Spiotto Joins Bruce Norris on the Real Estate Radio Show #274

This week Bruce Norris is joined by Jim Spioto.  Jim is a partner with Chapman & Cutler Law Firm in Chicago.  He is an expert on the municipal bankruptcies, and he produced a document called A Primer on Municipal Debt Adjustments that Bruce recently read.  Mr. Spioto is head of the Litigation, Bankruptcy and Workout Group.  He has represented banks and bank groups, insurance companies, institutional investors, funds, indenture trustees and bondholders in litigation or workouts for more than 400 troubled debt financings in over 35 different states and ten foreign countries.  He has testified in front of Congress a number of times.  Bruce and Jim discuss entitlement, Chapter 9 bankruptcy, defined benefits versus defined contributions, the CalPERS program, municipalities, the bankruptcy situations in Orange County and Vallejo, and much more on this week's real estate radio show and podcast.

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Sean O'Toole Joins Bruce Norris on the Real Estate radio show #273

This week Bruce Norris is joined once again by Sean O’Toole, founder and CEO of ForeclosureRadar.com.  Sean has been an experienced trustee sale investor, buying over 150 properties, both residential and commercial.  He also has a very intensive tech background that he has brought to ForeclosureRadar.com.  Bruce and Sean continue their discussion on shadow inventory, talk about pricing and the status of housing in the future, how foreclosures are affecting the banks, deed-in-lieu and the risks that come with it, principal reductions, loan mods, their trip to Washington D.C., the economic situation in Nevada compared to California, and much more on this week's real estate radio show and podcast.

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Sean O'Toole Joins Bruce Norris on the Real Estate radio show #272

This week Bruce Norris is joined by Sean O'Toole, founder and CEO of ForeclosureRadar.com.  Prior to launching ForeclosureRadar, Sean successfully purchased and flipped more than 150 residential and commercial foreclosures.  Bruce and Sean discuss Sean's website and how he has helped many through it, his goal when creating the site, the market today compared to earlier years, ForeclosureRadar's use in finding houses to repair, code enforcement, the increase in foreclosure sales and the dominant role they play today, the real estate debt at the peak of the market, the biggest mistakes Sean sees in trustee sales, the definition of drop bids, shadow inventory, and much more on this week's real estate radio show and podcast.

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Bill Shipp Joins Bruce Norris on the Real Estate Radio Show #271

This week Bruce Norris is joined once again by Bill Shipp. Bill has been one of the largest wholesale buyers of real estate in Riverside for many years. He has a unique system that can even be done from a distance, which he proves every day by living and working in Utah.  Bruce and Bill discuss the buy/sell business, the process of flipping of flipping and how both of them have done this in their business, factors that go into Bill closing a deal, buying subject to, the difference in prices and buying and selling six years ago compared to today, rentals and when it is important and not wise to buy one, stock trades, Charles Dow's book on the emotional cycles of investing, and much more on this week's real estate radio show and podcast.

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Bill Shipp Joins Bruce Norris on the Real Estate Radio Show #270

This week Bruce Norris is joined by Bill Shipp. Bill has been one of the largest wholesale buyers of real estate in Riverside for many years. He has a unique system that can even be done from a distance, which he proves every day by living in another state.  Bruce and Bill discuss how he got started in the business of buying real estate,  the market back in the 80s and how different it was, the work Bill has done with investors and the training he has passed on to others, the types of properties he buys, the VA and HUD repossessions that were big back in the 80s, the time when Bill bought out of the MLS, and much more on this week's real estate radio show and podcast.

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Matthew Scire Joins Bruce Norris on the Real Estate Radio Show #269

This week, Bruce Norris of the Norris Group interviews Matthew Scire.  Matthew is the director of financial markets and community investment for the U.S. Government Accountability Office GAO.  Bruce and Matthew discuss the U.S. Government Accountability Office, the vacant property problem, Matthew's particular study on real estate investing, the loan modification program and how they are dealing with loan principal, actions HAMP is taking to help non-owner occupants, the sizes of losses lenders are taking, the biggest concerns with the number of vacancies, other stares' markets, and much more on this week's real estate radio show and podcast.

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Show 268

Bruce, Shawn, and Angel talk about real estate clubs and investing in earlier years compared to today, the hard decisions and difficult conversations that sometimes come with the job, the process of leveraging, the mistakes people make in the buy/sell business with using their own money, cash flowing, and much more on this week's real estate radio show and podcast.

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Show 267

This week, Bruce Norris of the Norris Group interviews Shawn and Angel about the market in Ogden Utah, the amount of money available in California right now allowing anyone to make a deal, and much more on this week's real estate radio show and podcast.

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Show 266

Bruce is interviewed this week by Shawn and Angel. In a reversal this week, Shawn and Angel will in turn be interviewing Bruce Norris on his own radio show.   They discuss one-time events that happened in the world of real estate, the question if changes in legislation will affect how people view things, the importance of knowing when to get out of the market versus knowing when to get in, the chart that showed a history of the difference between prices of new homes and existing homes, the changes in technology and how it has affected real estate, and much  more on this week's real estate radio show and podcast.

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Show 265

Bruce is joined this week by Shawn and Angel. In a reversal this week, Shawn and Angel will in turn be interviewing Bruce Norris on his own radio show.   They discuss how Bruce became a real estate broker and the research he did on the market, the usual time frame for shifts in the market, business models and blueprints for the real estate market, the minimal amount of external influence on Bruce looking at the next steps, the global monetary policy,  and much  more on this week's real estate radio show and podcast.

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Mike Novak-Smith and Ted Boeker Join Bruce Norris on the Real Estate Radio #264

Bruce is joined again this week by by Mike Novak-Smith and Ted Boeker. Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire, but the nation.  Mike is in the top 1% of all real estate agents nationwide and is experienced in REO, short sales, bankruptcies, asset management, and negotiating.  Ted Boeker is the owner of the company that Mike is at and has brokered for RE/Max Results in Moreno Valley.   Bruce, Ted, and Mike discuss slight improvements in the short sale process, REO and short sales and which become renters, basic changes that could come about in the downturn, and much  more on this week's real estate radio show and podcast.

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Ted Boeker and Mike Novak-Smith Join Bruce Norris on the Real Estate Radio #263

Bruce is joined this week by by Mike Novak-Smith and Ted Boeker. Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire, but the nation.  Mike is in the top 1% of all real estate agents nationwide and is experienced in REO, short sales, bankruptcies, asset management, and negotiating.  Ted Boeker is the owner of the company that Mike is at and has brokered for RE/Max Results in Moreno Valley.   Bruce, Ted, and Mike discuss 1989 being a peak year and the drastic changes in the economy afterwards, the economic cycle in the 90s and 2006-2011 downturns, shadow inventory, bulk sales and REO listings, the problem of liens and code violations placed on properties, Cash for Keys, the effect of the robo-signing on California lenders,  and much, much  more on this week's real estate radio show and podcast.
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Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #262

Bruce is joined once again this week by Robert Kleinhenz. Robert is the Chief Economist of the Kyser Center for Economic Research, which conducts research in regional, state, and national economies.  Bruce and Robert discuss the sovereign debt problem in Europe, the interest rate climate of today and how we can use it to determine the forseeable future, deflation vs. inflation, the oil world, the employment and consumer sectors, shadow inventory, and much more on this week's real estate radio show and podcast.
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Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #261

Bruce is joined this week by Robert Kleinhenz. Robert is the Chief Economist of the Kaiser Center for Economic Research, which conducts research in regional, state, and national economies.  Bruce and Robert discuss the kind of work that LAEDC does and their market forecasts, the economy and labor market, the manufacturing sector and the educational needs related to this work, the workforce as a whole including the baby boomers, the California and national budget, the GDP, and much more on this week's real estate radio show and podcast.
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Craig Hill with The Norris Group #260

Bruce is joined once again this week by Craig Hill. Craig has been with The Norris Group since its inception in 1995. He has worked with the real estate investors, helping them access money for their deals and trust deed investors who want to get a very safe yield on their money.  Bruce and Craig discuss the borrower side of the loan program, gaining experience in the real estate market, the real estate world at the time Bruce and Craig first met, the hoops and filters of lending, and a lot of facts about lending people are not originally told, and much more on this week's real estate radio show and podcast.
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Craig Hill with The Norris Group #259

This week Bruce is joined this week by Craig Hill. Craig has been with The Norris Group since its inception in 1995. He has helped The Norris Group invest in approximately $40 million worth of trust deeds.  Bruce and Craig discuss The Norris Group and its process for handling loans, the mood in the market regarding price shifts, their relationship with the borrowers, the idea of passive loans and investing, 9.9%, 12.5%, and 4% loans, high interest yield, and much more on this week's real estate radio show and podcast.
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