REO Mentor Tony Alvarez #182

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

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Nancy West of HUD #181

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

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Nancy West of HUD #180

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

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

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David Kittle with the Mortgage Bankers Association #179

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

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

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David Kittle with the Mortgage Bankers Association #178

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

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

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Appraiser and Investor Rick Solis #177

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

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

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Appraiser and Investor Rick Solis #176

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

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

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

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

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

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

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

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

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

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Leslie Appleton-Young of CAR #173

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

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

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Leslie Appleton-Young of CAR #172

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

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

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

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

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

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Aaron Norris and Diana Barlet #170

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

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Author and Economist Harry Dent #169

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

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

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Author and Economist Harry Dent #168

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

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