I Survived Real Estate 2012 Part 3 #303

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris continues his discussion with Mark Palim and Eric Janszen on where we are in the housing market, interest rates, that positives that got us off the bottom of the market, the driving forces behind the improvement in the market, what new policies could be implemented, the significance of QE3, the importance of housing to an economic recovery, and more.  Bruce also introduced Sara Stephens from the Appraisal Institute, Gary Thomas from the National Association of Realtors, and E.J. Burke from Key Bank Real estate Capital.  Bruce discusses with them the appraisal process and appraisal world, mortgage industry rules, the appraisal management company's design to provide a barrier between the appraiser and the rest of the participants, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 4.

Play Now

I Survived Real Estate 2012 Part 2 #302

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Sarah Pizzaruso from Make a Wish spoke about five-year old McClain who had his wish granted to play football with a professional team and how this affected so many others, including his family and those at the stadium.  Lainie Strouse from St. Jude's Children's Research Hospital also spoke about the child Braden who they have helped as well as the the many progressions they are making in the medical field and in cancer research.  In the broadcast segment, Bruce Norris discusses the value of real estate properties today compared to early 2000, underwater borrowers, our current interest rates, unsold inventory in California, what is being done to provide relief more quickly, and much more.  He also discusses with Fannie Mae's economic director Mark Palim consumer sentiment towards the market, their expectations on housing prices, increased rents, and if we have passed the bottom of the housing market.  To find out more, tune in next week for I Survived Real Estate 2012, part 3.

Play Now

I Survived Real Estate 2012 Part 1 #301

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Sarah Pizzaruso from Make a Wish spoke about five-year old McClain who had his wish granted to play football with a professional team and how this affected so many others, including his family and those at the stadium.  Lainie Strouse from St. Jude's Children's Research Hospital also spoke about the child Braden who they have helped as well as the the many progressions they are making in the medical field and in cancer research.  Bruce Norris spoke on a recent article he read on the housing forecast and where he stands on it, the Norris Group's business model of turning run-down homes into brand new ones, recent charts showing a progression in delinquencies, the debt we owe today, and much more on this week's real estate radio show and podcast. To find out more, tune in next week for I Survived Real Estate 2012, part 2.

Play Now

Mike Cantu, Tony Alvarez, and Rick Solis Join Bruce Norris on the Real Estate Radio Show #300

For our 300th radio podcast, Bruce Norris is joined by three special guests: Rick Solis, Mike Cantu, and Tony Alvarez. Rick Solis is a very successful investor who flies a little bit below the radar. He is an appraiser, buys trust deeds, and buys properties. Tony Alvarez, who invented the radar, is the REO Mentor and is a very successful buyer and teacher. He works with buying and holding, buying and selling, does wholesaling, and buys currently out of the MLS. Mike Cantu is a very successful property buyer. He has been a developer, landlord, and trainer. He is specialized in talking to clients on the phone and never meeting a soul who he buys houses from. Bruce discusses with them home prices in the lower end markets as well as the varying cities, hedge funds, the competition in the market and private party deals Mike has put together, the mailers Rick sends out and the attitude of those receiving them, the difference today when promising returns, the inevitable price increases, 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.

Play Now

Christopher Thornberg, Principal at Beacon Economics, Joins Bruce Norris on the Real Estate Radio Show #299

Bruce Norris is joined this week by Christopher Thornberg.  Christopher is the founding partner of Beacon Economics, LLC and widely considered to be one of California's leading economists.  He is an expert in economic forecasting and regional economics, economic policy, and industry economics.  He was one of the earliest and most adamant predictors of the global economic recession that began in 2008. Bruce and Christopher discuss his view on the direction of the U.S. economy, the 1.7% ten-year T-Bill, California and the risk quotient, the real estate numbers, their view on the 2013 fiscal cliff, Chapter 9 bankruptcy, the consequences of a low interest policy, and 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. 


Play Now

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.   

Play Now

Rick Sharga, Vice President of Carrington Holding Company, LLC, Joins Bruce Norris on the Real Estate Radio Show #297

Bruce Norris is joined this week by Rick Sharga. Rick is an executive vice president at Carrington Mortgage Holdings, LLC. Rick is one of the most often quoted experts and has been on almost every television show about real estate records. He has been seen on NBC Nightly News, CNN, CBS, NBC. He is a trusted voice in what is going on in the real estate world.
Bruce and Rick discuss his company and how it has grown, their position in the marketplace, companies who plan on reaching critical mass, foreclosures back in 2008 and 2009 and how they have had an impact, the shorter process today for obtaining a FICO score, the change in attitude toward lenders in regards to principal reductions, the recent bulk sale of properties in Florida and California, 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.  Rick Sharga will be joining the panel at I Survived Real Estate 2012.   

Play Now

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.
Play Now

Gary Thomas, President Elect of the National Association of Realtors, Joins Bruce Norris on the Real Estate Radio Show #295

Bruce Norris is joined this week by Gary Thomas. Gary Thomas is the broker/owner of Evergreen Realty in Villa Park, California. He has been in the business for more than 35 years and has served the real estate industry in countless roles. Gary is currently the 2012 president elect for the National Association of Realtors, which has been the voice of real estate professionals. Bruce and Gary discuss the benefits of joining the National Association of Realtors, Gary's duties once he becomes the president of NAR, the fiscal cliff, the real estate industry now compared to 2008, the loan process, the QM and QRM, the hedge fund buyers and inventory in Orange County, 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. Gary Thomas will be joining the panel at I Survived Real Estate 2012.

Play Now

Eric Janszen, Economic and Financial Analyst of iTulip, Joins Bruce Norris on the Real Estate Radio Show #294

Bruce Norris is joined this week by Eric Janszen. Eric is an economic analyst with more than two decades of experience as a technology industry executive and venture capitalist. In 1998 he founded itulip.com, a financial analysis company with an amazingly accurate forecasting record. Bruce and Eric discuss the current state of the economy regarding hedge funds and the lack of yield, current home prices in California, the fiscal cliff, the Euro zone, inflation and interest rates, the presidential election, 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. Eric Janszen will be joining the panel at I Survived Real Estate 2012.

Play Now

Sara W. Stephens, President of the Appraisal Institute, Joins Bruce Norris on the Real Estate Radio Show #293

Bruce Norris is joined this week by Sara Stephens. Sara is the president of the Appraisal Institute. The Appraisal Institute is a global membership association of professional real estate appraisers with nearly 23,000 members in nearly 60 countries throughout the world. Sara has been active in the Appraisal Institute’s chapter, regional, and national levels for over 20 years. She owns an appraisal business along with her husband Richard in Little Rock, Arkansas. Bruce and Sara discuss the breadth of the Appraisal institute spanning 60 countries and how this affects the definition of market value, the importance of advocacy, the importance of having a professional appraiser who understands the market, how much the appraisal process has changed since 2006, appraisal management companies, the problem of expertise and professionalism being replaced with quick and cheap, the selection process and methodology, 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. Sara Stephens will be joining the panel at I Survived Real Estate 2012.

Play Now

Mark Palim, Director of Economics for Fannie Mae, Joins Bruce Norris on the Real Estate Radio Show #292

Bruce Norris is joined this week by Mark Palim. Mark is a director in the economic and strategic research group at Fannie Mae. His work focuses on the impacts of trends in the financial services sector on the economy and on Fannie Mae. Dr. Palim has a Ph.D. in economics from George Mason University and a B.A. in international studies from John Hopkins University. He lives in Bethesda, Maryland and will join the panel at I Survived Real Estate. Bruce describes Mark as being in the What’s Next? Business. He has to look in the future and tell people what is likely going to happen next. 
Bruce and Mark discuss the current status of the ten-year Treasury bill, the dislocation created in our economy, the impending fiscal cliff, the real estate market in the last five years, the signs of stability and what is causing them, shadow inventory, the current economic outlook, 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.  Mark Palim will be joining the panel at I Survived Real Estate 2012.   


Play Now

Mike Cantu, Tony Alvarez, and Rick Solis Join Bruce Norris on the Real Estate Radio Show #291

Today on the show are three special guests. Rick Solis is a very successful investor who flies a little bit below the radar. He is an appraiser, buys trust deeds, and buys properties.
Tony Alvarez, who invented the radar, is the REO Mentor and is a very successful buyer and teacher. He works with buying and holding, buying and selling, does wholesaling, and buys currently out of the MLS.
Mike Cantu is a very successful property buyer. He has been a developer, landlord, and trainer. He is specialized in talking to clients on the phone and never meeting a soul from whom he buys houses.
Bruce discusses with them the first time they were inspired to invest in real estate, how their children view real estate, the time they had their first good stretch of real estate, their toughest times in the job, their definition of wealthy, 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. 


Play Now

Steve Silva, Mike Novak-Smith, and Lance Martin Join Bruce Norris on the Real Estate Radio Show #290

Today on the show are three special guests. Lance Martin 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 and owns offices in several Southern California counties.
Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire but also 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. He also specializes in the Inland Empire as well.
Steve Silva owns several businesses including Market Point Realty and Las Brisas Escrow. Steve is an expert in residential REO sales as wells as being a real estate investor. 
Bruce discusses with them the status of appraisers in the current market, cash buyers, the people backed by Wall Street money and if they affect their businesses, the new sense of entitlement in this country, REO listings and short sales, eminent domain, and much more on this week's real estate radio show and podcast.

Play Now

Lance Martin, Mike Novak-Smith, and Steve Silva Join Bruce Norris on the Real Estate Radio Show #289

Today on the show are three special guests. Lance Martin 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 and owns offices in several Southern California counties.
Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire but also 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. He also specializes in the Inland Empire as well.
Steve Silva owns several businesses including Market Point Realty and Las Brisas Escrow. Steve is an expert in residential REO sales as wells as being a real estate investor. 
Bruce discusses with them the future status of where inventory is going to come from, what inventory investors might find to buy, the volume of REO sales in the early 90s compared to the 2007-2012 years, property values in the 90s and today, the loan modification programs and which have been successful, and much more on this week's real estate radio show and podcast.

Play Now