On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.
This week's segment begins with Bruce Norris presenting this year's Rohny award to Ward Hanigan. Bruce shared Ward's life story and the impact he had on so many through his teachings. After presenting the award, Bruce discusses reverse and undue stimulus, using a house that went through several different price changes over the years as an example. Next, he brings up the first two panelists at the event, David Kittle and Doug Duncan. David Kittle Senior Vice President of Federal Solutions for First American Mortgage Solutions, specializing in risk mitigation and analytics. Doug Duncan is Fannie Mae’s Chief Economist and Vice President. Together, they discuss the state of the market and if we have moved from a vindictive state to a constructive one as well as the increase in costs, the time it takes to close a loan, the house discussed earlier and its price journey, and the majority of millennials living at home on this week's Norris Group real estate radio show and podcast.
The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.
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Showing posts with label Ward Hanigan. Show all posts
Showing posts with label Ward Hanigan. Show all posts
Friday, October 30, 2015
Friday, October 23, 2015
I Survived Real Estate 2015 #457
On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.
Aaron Norris opened the event by thanking everyone for their sponsorship, some for many years. He then asked everyone to stand who had a relative who was fighting cancer since the event benefited two organizations who help in the fight to cure cancer. Odette Gutierrez with St. Jude Children’s Research Hospital spoke first, sharing about a young man named Jake who had a tumor when he was very young. He was originally given a 30% chance to live, but after being taken to St. Jude, his chance of survival went from 30% to 80%. Over time, he got better and better and has grown so well. He is a 14-year survivor and showed the treatment not only worked, but safe. Kel Linstead from Make-A-Wish spoke next, sharing a video about a young girl named Amina who was granted her wish of having her own cafe. This segment ends with this year's recipient of the Rohny award, Ward Hanigan on this week's Norris Group real estate radio show and podcast.
The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.
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Aaron Norris opened the event by thanking everyone for their sponsorship, some for many years. He then asked everyone to stand who had a relative who was fighting cancer since the event benefited two organizations who help in the fight to cure cancer. Odette Gutierrez with St. Jude Children’s Research Hospital spoke first, sharing about a young man named Jake who had a tumor when he was very young. He was originally given a 30% chance to live, but after being taken to St. Jude, his chance of survival went from 30% to 80%. Over time, he got better and better and has grown so well. He is a 14-year survivor and showed the treatment not only worked, but safe. Kel Linstead from Make-A-Wish spoke next, sharing a video about a young girl named Amina who was granted her wish of having her own cafe. This segment ends with this year's recipient of the Rohny award, Ward Hanigan on this week's Norris Group real estate radio show and podcast.
The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.
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Friday, May 15, 2015
Ward Hanigan, Founder of ForeclosureForum.com, Joins Bruce Norris on the Real Estate Radio Show #434
Bruce Norris is joined this week by Ward Hanigan. Ward is a full-time foreclosure specialist and trainer and is located in San Diego County. He brings you over 30 years of real estate experience with a degree in economics and a doctorate in law. He has worked in California’s foreclosure market exclusively since 1982. As a consequence, he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, working as a foreclosure consultant for lenders, handing their REO turn-arounds and rollovers, and as a one-on-one trainer and mentor. He has trained some of the most successful foreclosure practitioners in the Western United States. Bruce and Ward discuss being uncompromisingly truthful when dealing with foreclosures, staying away from dishonest dollars, flipping properties and if you need a license to make a flip fee, doing foreclosure deals with people starting in the business, Ward's first time in public speaking and how this got him started in the business, and much more on this week's Norris Group real estate radio show and podcast.
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Friday, April 12, 2013
Ward Hanigan, Founder of ForeclosureForum.com, Joins Bruce Norris on the Real Estate Radio Show #325
Bruce Norris is joined again this week by Ward
Hanigan. Ward is the founder of
Foreclosure Forum.com and the educator of real estate investors for the last
20+ years.He is the most recognized
name in trustee sales training and one of the most respected men in the
business. Bruce and Ward primarily discuss Ward's impact he had on a particular individual and how he got him into the real estate business, as well as the change in the industry since the downturn, foreclosures, price aggression and price increases, much more on this week's real estate radio show and podcast.
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Friday, April 5, 2013
Ward Hanigan, Founder of ForeclosureForum.com, Joins Bruce Norris on the Real Estate Radio Show #324
Bruce Norris is joined this week by Ward
Hanigan.Ward is the founder of
Foreclosure Forum.com, a website specifically for education of real estate
investors, specifically trustee sale experts.Ward is the most recognized name in training other people to do trustee
sales, and he is one of the most respected men in the industry. Bruce and Ward discuss his journey into the real estate world and how he ended up working there, his work with IBM, Country Wide, and Chula Vista Commercial Realty his work with foreclosures, his first time speaking in front of a large audience, and much, much more on this week's real estate radio show and podcast.
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Friday, February 27, 2009
Foreclosure Expert Ward Hanigan #111
Bruce Norris is joined once again by California trustee sale and foreclosure expert and educator, Ward Hanigan.
Bruce talks about Ward’s reputation that is so important in this business. Ward talks about why it’s so important to stay on top of current trends and how his students help him do that.
Bruce talks about the foreclosure problem and all the new “solutions” the government is throwing at the issue. Bruce brings up SB1137. Ward says this bill just delayed the inevitable and now they are coming back on the market. Bruce talks about fines being given out by the cities and how lenders are taking additional huge hits by way of code fines. Bruce met with a Southern California city that says they hired four employees that get paid only when they write code violations. He talks about a recent boot camp and a fine that was levied on the house for something silly. He sees fines upwards of $20,000 on some of these lender-owned California properties.
The quantity of foreclosures is making it difficult for lenders to handle it all. Bruce talks about the cities and counties that are now getting money. Ward likes the programs because a fair amount of the money is going towards the first time buyer assistance programs which help us. There’s also an $8,000 tax credit for certain buyers.
Ward’s view on the new Foreclosure Prevention Act won’t do much as there are plenty of investments that it won’t help. Ward talks about a large number of non-owner occupied homes that will be let go from speculators. Bruce asks where those stats come from because when he looks at County Records Research, Bruce finds that around 70% are owner occupied and 100% financed. Ward says some people coming to him say they were able to finance investments 100%.
Bruce talks about how quickly people went from a positive equity position to negative. Bruce asks Ward how he prepared for the downturn. Ward said he lined up lines of credit in 2006 but did not borrow on them. He owned several homes free and clear. He did a little spec building that worked out well at the peak. Now he’s in a great position.
Bruce asks Ward what he tells people who are having start over. Ward tells them to be a survivor and not a victim. They got caught up in the euphoria, don’t blame yourself, pick yourself up and start over. You have to get over it and get started on something new.
Bruce hears every quarter that now is the best time to buy real estate. Ward says as Option ARMs adjust it will only get better. Ward likes to eat every day and he feels the same way about investing. He makes money in all times of markets. It’s about the deal considering the market you in. Trying to time bottom is not important.
Bruce asks Ward how important it is to him to have his basic needs being taken care of automatic pilot. Ward’s “Dingbat Retirement” program has made him very happy. It’s important for him to have his keepers paying him every month. He has retirement section 8 that’s done quite well. Putting himself in this position allows him to make much more calm and wise decisions.
Ward rents to a very unique group of people. Ward rents to retired individuals. Ward learned early on he wanted to rent to those in their last 20 years of life. He wants people with no job and people who were settled. Retirees want peace and quite, individual units away from other people, don’t have to have a garage, no need for a yard, and overall just want something that’s simple to maintain and is cheap. Bruce asks what the age of these homes are and he says they are typically from the 20s.
Bruce asks about neighborhood safety. Ward says that it’s not too important. They want level ground for safety reasons and they, of course, don’t want heavy crime areas.
Bruce asks how Ward advertises his homes and gets the right people there. The inventory he has helps with that. Ward’s average turnover is 17 years. Ward is looking forward to picking up more.
Bruce and Ward talk about Fannie Mae raising their loans to investor back to 10. Bruce talks about the confusion between speculator and true investors. Investors need to be part of the market. We will need more than 10. foreclosureforum.com
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Next week is Tony Alvarez.
Play Now
Bruce talks about Ward’s reputation that is so important in this business. Ward talks about why it’s so important to stay on top of current trends and how his students help him do that.
Bruce talks about the foreclosure problem and all the new “solutions” the government is throwing at the issue. Bruce brings up SB1137. Ward says this bill just delayed the inevitable and now they are coming back on the market. Bruce talks about fines being given out by the cities and how lenders are taking additional huge hits by way of code fines. Bruce met with a Southern California city that says they hired four employees that get paid only when they write code violations. He talks about a recent boot camp and a fine that was levied on the house for something silly. He sees fines upwards of $20,000 on some of these lender-owned California properties.
The quantity of foreclosures is making it difficult for lenders to handle it all. Bruce talks about the cities and counties that are now getting money. Ward likes the programs because a fair amount of the money is going towards the first time buyer assistance programs which help us. There’s also an $8,000 tax credit for certain buyers.
Ward’s view on the new Foreclosure Prevention Act won’t do much as there are plenty of investments that it won’t help. Ward talks about a large number of non-owner occupied homes that will be let go from speculators. Bruce asks where those stats come from because when he looks at County Records Research, Bruce finds that around 70% are owner occupied and 100% financed. Ward says some people coming to him say they were able to finance investments 100%.
Bruce talks about how quickly people went from a positive equity position to negative. Bruce asks Ward how he prepared for the downturn. Ward said he lined up lines of credit in 2006 but did not borrow on them. He owned several homes free and clear. He did a little spec building that worked out well at the peak. Now he’s in a great position.
Bruce asks Ward what he tells people who are having start over. Ward tells them to be a survivor and not a victim. They got caught up in the euphoria, don’t blame yourself, pick yourself up and start over. You have to get over it and get started on something new.
Bruce hears every quarter that now is the best time to buy real estate. Ward says as Option ARMs adjust it will only get better. Ward likes to eat every day and he feels the same way about investing. He makes money in all times of markets. It’s about the deal considering the market you in. Trying to time bottom is not important.
Bruce asks Ward how important it is to him to have his basic needs being taken care of automatic pilot. Ward’s “Dingbat Retirement” program has made him very happy. It’s important for him to have his keepers paying him every month. He has retirement section 8 that’s done quite well. Putting himself in this position allows him to make much more calm and wise decisions.
Ward rents to a very unique group of people. Ward rents to retired individuals. Ward learned early on he wanted to rent to those in their last 20 years of life. He wants people with no job and people who were settled. Retirees want peace and quite, individual units away from other people, don’t have to have a garage, no need for a yard, and overall just want something that’s simple to maintain and is cheap. Bruce asks what the age of these homes are and he says they are typically from the 20s.
Bruce asks about neighborhood safety. Ward says that it’s not too important. They want level ground for safety reasons and they, of course, don’t want heavy crime areas.
Bruce asks how Ward advertises his homes and gets the right people there. The inventory he has helps with that. Ward’s average turnover is 17 years. Ward is looking forward to picking up more.
Bruce and Ward talk about Fannie Mae raising their loans to investor back to 10. Bruce talks about the confusion between speculator and true investors. Investors need to be part of the market. We will need more than 10. foreclosureforum.com
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Next week is Tony Alvarez.
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Friday, February 20, 2009
Foreclosure Expert Ward Hanigan #110
Bruce Norris is joined this week by California trustee expert and trustee sale trainer, Ward Hanigan.
Ward talks about training people about trustee sales from different states. He does so to train investors how to specialize in their area. Different states handle foreclosures differently and he makes sure he caters his training to the area they are investing.
Is the foreclosure explosion good or bad? Ward says its good it’s mind boggling. Comparing it to past downturns, there’s nothing like it. Credit is frozen, the stock market is bad, and unemployment is way up, it’s a bad combination. This is definitely the worst downturn he’s seen. Bruce says the speed has been surprising too.
Bruce asks what niches Ward sends people to. Ward says there’s some niches that work and some that don’t. Bruce brings up a sample of a 10 year old house that went to trustee sale that had no equity. Prices have really got hit hard.
Bruce asks Ward why people are losing their homes. Ward apologizes for his abruptness but says he doesn’t really care. He tried to figure it out but the end result is still the same. You can’t change personal situations and it’s whether or not you are going to purchase the house.
Ward says anything negative, including unemployment, frightens the average person. There’s less competition right now. That’s good for investors. Bruce says that many people think the foreclosure business is simple. Ward sees too many people who don’t do their due diligence and are buying seconds. Google Earth photo and Zestimates aren’t real research. No one helps other investors at trustee sales and even if they did, the person probably wouldn’t believe it. It’s a pros game and not to be taken lightly.
Ward talks about trustee sale buyers and how it is typically the only thing they do. It takes a lot of research and you don’t have time to do other things. Bruce says he knows very few trustee sale buyers that do other investments strategies.
Bruce and Ward discuss their first time bidding at a trustee sale and overbidding by $100. Both talk about if you don’t know your information, you better not show up. Ward teaches his students to over analyze the deal so they’re filled with confidence and nothing can rattle them.
Bruce and Ward talk about lenders now lowering the specified bids at auction. Ward says they are doing it so often and frequently he’s worried about competition showing back up. Bruce asks how much warning you get. Ward says hardly any if at all. Lowering the bid at the last minute doesn’t have the desired effect. If they don’t let the investors know, the investor can’t do the research. Some lenders are posting one day in advance.
Bruce and Ward discuss some new terminology they are using at the trustee sales. Drop bid means the bid is going to be dropped. It could also mean the lender can raise it on you, it becomes almost like a reserve auction and the caller is bidding on behalf of the lender. The lender, in this case, is fishing. Specified bid means the purchase price is dropped and it’s in essence an absolute auction. Ward talks about what he does with that information at the beginning of the sale.
Bruce talks about title. In the trustee sale business, you MUST have access to that information. Ward says title companies need the work. Now is the time to work with them and ask for access in exchange for a partnership.
Bruce and Ward talk about how Ward got into the business of foreclosures and trustee sale investing.
Ward says he is getting back to trustee sales now. He says people laugh at him because he still does it but he loves it. He’s putting together funds now to invest more.
Ward joins us again next week for the second interview. You can find out more about Ward Hanigan and Foreclosure Forum at foreclosureforum.com.
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Play Now
Ward talks about training people about trustee sales from different states. He does so to train investors how to specialize in their area. Different states handle foreclosures differently and he makes sure he caters his training to the area they are investing.
Is the foreclosure explosion good or bad? Ward says its good it’s mind boggling. Comparing it to past downturns, there’s nothing like it. Credit is frozen, the stock market is bad, and unemployment is way up, it’s a bad combination. This is definitely the worst downturn he’s seen. Bruce says the speed has been surprising too.
Bruce asks what niches Ward sends people to. Ward says there’s some niches that work and some that don’t. Bruce brings up a sample of a 10 year old house that went to trustee sale that had no equity. Prices have really got hit hard.
Bruce asks Ward why people are losing their homes. Ward apologizes for his abruptness but says he doesn’t really care. He tried to figure it out but the end result is still the same. You can’t change personal situations and it’s whether or not you are going to purchase the house.
Ward says anything negative, including unemployment, frightens the average person. There’s less competition right now. That’s good for investors. Bruce says that many people think the foreclosure business is simple. Ward sees too many people who don’t do their due diligence and are buying seconds. Google Earth photo and Zestimates aren’t real research. No one helps other investors at trustee sales and even if they did, the person probably wouldn’t believe it. It’s a pros game and not to be taken lightly.
Ward talks about trustee sale buyers and how it is typically the only thing they do. It takes a lot of research and you don’t have time to do other things. Bruce says he knows very few trustee sale buyers that do other investments strategies.
Bruce and Ward discuss their first time bidding at a trustee sale and overbidding by $100. Both talk about if you don’t know your information, you better not show up. Ward teaches his students to over analyze the deal so they’re filled with confidence and nothing can rattle them.
Bruce and Ward talk about lenders now lowering the specified bids at auction. Ward says they are doing it so often and frequently he’s worried about competition showing back up. Bruce asks how much warning you get. Ward says hardly any if at all. Lowering the bid at the last minute doesn’t have the desired effect. If they don’t let the investors know, the investor can’t do the research. Some lenders are posting one day in advance.
Bruce and Ward discuss some new terminology they are using at the trustee sales. Drop bid means the bid is going to be dropped. It could also mean the lender can raise it on you, it becomes almost like a reserve auction and the caller is bidding on behalf of the lender. The lender, in this case, is fishing. Specified bid means the purchase price is dropped and it’s in essence an absolute auction. Ward talks about what he does with that information at the beginning of the sale.
Bruce talks about title. In the trustee sale business, you MUST have access to that information. Ward says title companies need the work. Now is the time to work with them and ask for access in exchange for a partnership.
Bruce and Ward talk about how Ward got into the business of foreclosures and trustee sale investing.
Ward says he is getting back to trustee sales now. He says people laugh at him because he still does it but he loves it. He’s putting together funds now to invest more.
Ward joins us again next week for the second interview. You can find out more about Ward Hanigan and Foreclosure Forum at foreclosureforum.com.
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Play Now
Friday, December 21, 2007
Foreclosure Expert Ward Hanigan #47
Listen to Show
Saturday, December 15, 2007
Foreclosure Expert Ward Hanigan #46
Bruce Norris is joined by Southern California foreclosure expert and president of ForeclosureForum.com, Ward Hanigan. Bruce and Ward discuss how Ward got started in the forclosure business, investing in the 1980s, why Ward went for a law degree, Ward’s early mentors, California trustee sale market in the 1980s, what the trustee sale market is doing now, Ward’s Dingbat Retirement Program, how he has set up a reoccurring income stream, what properties he finds attractive, why tenants can make or break an investment, finding your customer and finding out what they want, Section 8, how San Diego has changed since late 2005, current conversion rates of trustee sales, deal breakers when looking at trustee sale properties, Ward’s take on the new subprime solutions, what lenders will be dealing with in 2008.
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Listen to Show
Ward Hanigan is a full-time foreclosure specialist and trainer in San Diego County. He brings you over 37 years of real estate experience, with a degree in Economics and a Doctorate in Law. He has worked in California's foreclosure market exclusively since 1982, and as a consequence he has extensive experience finding cash, researching title, handling evictions, rehabbing, reselling, consulting, and is a "one-on-one" trainer and mentor to some of the most successful foreclosure practitioners in the Western United States.
Listen to Show
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