Gary Watts Joins Bruce Norris on the Real Estate Radio Show #385

Bruce Norris is joined again this week by Gary Watts. Gary is the broker and owner of Impact Real Estate. This is a private real estate company that provides consulting services to not only buyers, sellers, and investors, but also to companies affiliated with the real estate industry in California. Gary is a well-known real estate economist who began his career in 1971. Today, he and his company are called upon to advise the home industry of economic trends that will affect and effect their future impact on real estate. He also manages investment properties that they acquire for their investors. Bruce and Gary discuss the increase in rental properties as opposed to homeownership, hedge funds, real estate trends, the real estate market in Orange County compared to the Inland Empire, the concern over shadow inventory, the real estate cycle, important charts to view when looking at the economy, the percentage of homeowners accelerating their loan payment, and much, much more on this week's real estate radio show and podcast.




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Doug Duncan Joins Bruce Norris on the Real Estate Radio Show #351

Bruce Norris is joined this week by Doug Duncan.  Doug is Fannie Mae’s Vice President and Chief Economist.  He is responsible for managing Fannie Mae’s strategy division, economics, and mortgage market analysis groups.  In this leadership role, Duncan provides all economic housing and mortgage market forecasts and analysis.  He also serves as the company’s thought leader and is a spokesman on economic and mortgage market issues. Bruce and Doug discuss the housing market today compared to a year ago, the decline in construction employment, organic growth in the market, population and demographics being the driving factors in the housing market, buyer mentality, the percentage of the market Fannie and Freddie have, shadow inventory, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Sean O'Toole Joins Bruce Norris on the Real Estate Radio Show #345

Bruce Norris is joined this week by Sean O’Toole. Sean is the founder and CEO of PropertyRadar, and he was the founder of ForeclosureRadar. Their website literally changed the foreclosure industry and made it much easier for people to compete against very large companies. He started buying and selling his own properties, dealing with 150 residential commercial foreclosures, and he used 15 years of software industry experience to make the job a lot easier. Bruce and Sean discuss the new website for PropertyRadar, the trustee sale business and foreclosure market in the upcoming years, the tech market in 2005-2008, AVMs, the appraisal process, the market in Northern California, specifically San Francisco and San Jose, SB 391, shadow inventory, price increases over the years, median price and interest rates, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Harry Dent Joins Bruce Norris on the Real Estate Radio Show #342

Bruce Norris is joined once again this week by Harry Dent. Harry is a New York Times best-selling author known for his ability to look at past cycles and demographics, to reject what is next for the economy, and where to most wisely invest. One of his most famous calls was writing a book back in 1992 entitled The Great Boom Ahead. When most of the authors were writing about a repeat of a Great Depression, in 2008 Harry also wrote a book projecting a Great Depression. His most recent work is The Great Crash Ahead, subtitled “For a World Turned Upside Down." Bruce and Harry discuss inflation and deflation, the target of the subtitle “For a World Turned Upside Down," the Great Depression of the 1930s and whether we will see another, historical debt bubbles, our long-term demographic downturn, the demographics of real estate, the baby boomer generation, and much more on this weeks real estate radio show and podcast.

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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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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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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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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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Sean O'Toole with PropertyRadar #246

This week Bruce is joined by Sean O'Toole, President of ForeclosureRadar. Bruce and Sean discuss how he became involved in the business of buying at trustee sales, shadow inventory, how his website has changed the process for trustee sale purchases, the number of properties scheduled for sale in California currently, overencumbered properties and owners, and much more on this week's real estate radio show and podcast. On October 14th, the Norris Group returns with its award-winning event I Survived Real Estate 2011.

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John Burns of John Burns Real Estate Consulting #233

Bruce is joined once again this week by John Burns.  John is the President of John Burns Real Estate Consulting.  Bruce and John discuss shadow inventory, privately held and public homes, lawsuits over wrongfully foreclosed on homes, the Pure Affordability Index, and much more on this week's real estate radio show and podcast.

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Ivan Choi Joins Bruce Norris on the Real Estate Radio Show #229

This week Bruce is joined once again by by Ivan Choi, president of REOMAC. This week, Bruce and Ivan discuss servicers and issues some misunderstand, second liens holding up the process, how banks dicide between short sale and foreclosure, and what might help the current situation in real estate.

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Ivan Choi Joins Bruce Norris on the Real Estate Radio Show #228

This week Bruce is joined by Ivan Choi. Ivan is recognized as a mortgage default expert and industry speaker. He is the president of REOMAC; a national non-profit trade association of mortgage servicing executives, asset managers, foreclosure attorneys, real estate brokers and real estate closing service providers. He serves as the national default sales executive for New Vista Asset Management

Friday, April 29, 2011

Lance Martin Joins Bruce Norris on the Real Estate Radio Show #223

This week Bruce is joined again by Lance Martin. Lance 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.

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