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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Show 266

Bruce is interviewed this week by Shawn and Angel. In a reversal this week, Shawn and Angel will in turn be interviewing Bruce Norris on his own radio show.   They discuss one-time events that happened in the world of real estate, the question if changes in legislation will affect how people view things, the importance of knowing when to get out of the market versus knowing when to get in, the chart that showed a history of the difference between prices of new homes and existing homes, the changes in technology and how it has affected real estate, and much  more on this week's real estate radio show and podcast.

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Show 265

Bruce is joined this week by Shawn and Angel. In a reversal this week, Shawn and Angel will in turn be interviewing Bruce Norris on his own radio show.   They discuss how Bruce became a real estate broker and the research he did on the market, the usual time frame for shifts in the market, business models and blueprints for the real estate market, the minimal amount of external influence on Bruce looking at the next steps, the global monetary policy,  and much  more on this week's real estate radio show and podcast.

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Mike Novak-Smith and Ted Boeker Join Bruce Norris on the Real Estate Radio #264

Bruce is joined again 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 slight improvements in the short sale process, REO and short sales and which become renters, basic changes that could come about in the downturn, 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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Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #262

Bruce is joined once again this week by Robert Kleinhenz. Robert is the Chief Economist of the Kyser Center for Economic Research, which conducts research in regional, state, and national economies.  Bruce and Robert discuss the sovereign debt problem in Europe, the interest rate climate of today and how we can use it to determine the forseeable future, deflation vs. inflation, the oil world, the employment and consumer sectors, shadow inventory, and much more on this week's real estate radio show and podcast.
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Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #261

Bruce is joined this week by Robert Kleinhenz. Robert is the Chief Economist of the Kaiser Center for Economic Research, which conducts research in regional, state, and national economies.  Bruce and Robert discuss the kind of work that LAEDC does and their market forecasts, the economy and labor market, the manufacturing sector and the educational needs related to this work, the workforce as a whole including the baby boomers, the California and national budget, the GDP, and much more on this week's real estate radio show and podcast.
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