Bruce Norris Is Joined By Ted Boecker, Mike Novak-Smith, and Shelly Lindekugel on the Real Estate Radio Show #585

This week Bruce Norris is joined by Ted Boecker, Mike Novak-Smith, and Shelly Lindekugel. Ted is the owner and broker for Re/Max Results in Moreno Valley, which he started in 1989. Ted has vast experience in real estate and has been able to train and lead 35 of Southern California’s highest producing real estate brokers and agents. Before opening RE/Max results, Ted practiced law with Miller Hodges and Bemis LLC in Newport Beach. Mike Novak-Smith is one of the nation’s largest REO agents and has managed and sold 1,000 homes for corporate sellers. Mike specializes in the default service side of the business, which focuses on REO short sale evaluation products. Shelly Lindekugel is the certified real estate broker manager with a diverse background in the real estate industry, which began in 1989. In 2012, Shelly stepped down from management to pursue real estate sales once more. She and her partners have consistently been named top performing team, closing approximately $15 million annually

Bruce discusses with them how things changed in 1989 when the market started to decline, the real estate market in general when it comes to short sales and REOs, the top places people are migrating to find cheaper housing, the urgency to buy right now, the ease of getting a yes answer from a lender, risks involved in Subject To deals, what happens when one party in a contract breaches the terms, and much more on the real estate radio show and podcast.

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Rick Sharga, Vice President of Auction.com Joins Bruce Norris on the Real Estate Radio Show #369

Bruce Norris is joined this week by Rick Sharga. Rick is Executive Vice President for Auction.com. He is their chief spokesman on topics related to the U.S housing market, mortgage market, commercial real estate, and international real estate. Bruce and Rick discuss his new company Auction.com, trustee sales and auctions, the percentage of the residential real estate market that has been for sale by owner, seller bids, foreclosure levels and the number of people still in default, due diligence with commercial properties, the preferred agent network on Auction.com, the buyer premium on the final bid, and much more on this week's real estate radio show and podcast.

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Craig Hill Joins Bruce Norris on the Real Estate Radio Show #340

Bruce Norris is joined again this week by Craig Hill. Craig is the underwriter for the Norris Group’s loan programs. He has been with the Norris Group since they opened, and he has been in the hard money loan business for over twenty years. Bruce and Craig discuss the hard money points and fees and the changes made to the programs, loan-to-value, buy and sell, entities in which investors buy properties, credit worthiness, borrower protection, short sales and REOs, the new potential construction lending program for the Norris Group, and much more on this week's real estate radio show and podcast.

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Mike Novak-Smith Joins Bruce Norris on the Real Estate Radio Show #332

Bruce Norris is joined again this week by Mike Novak-Smith. Mike is with REMAX Results and is in the top 1% of agents nationwide. He is an expert in the disposition of REO, short sales, bankruptcies, asset management, and negotiation. Bruce and Mike discuss short sales, REOs, the attitude of homeowners and buyers now compared to the 90s, the percentage of people current on their mortgages, prices and hedge funds, the new home construction business, the trend today for getting people approved for loans, portfolio loans, and much more on this week's real estate radio show and podcast.

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Rick Solis Joins Bruce Norris on the Real Estate Radio Show #330

Bruce Norris is joined this week by Rick Solis. Rick wears a lot of hats. He is an investor, an appraiser, hard money lender, a landlord, and on occasion he puts on his teacher’s hat. Bruce and Rick discuss appraisals and comparables that Rick does for the different areas, automatic appraisals and other review processes, price increases and price movement and what this holds in the future, inventory levels, 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 #313

Bruce Norris is joined again this week by Sean O’Toole. Sean is the founder and president of ForeclosureRadar.com, one of the finest websites a real estate investor can get involved with on a regular basis.Sean has done an excellent job on the website and put his computer genius to work in the industry, saving a lot of people a lot of money. He has also created competition that did not exist prior to his website by making it easier for people to become very proficient. Bruce and Sean discuss his foreclosure website and how it has grown into a short sale referral network, California's budget problems and where we may actually see improvement, delayed household growth, hedge funds and their impact on rents, REITs, affordability being close to all-time highs, new policies in the future following price aggression, and 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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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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