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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