Four senators have drafted a letter they intend to send to key policymakers advocating for the return of federal dollars to HUD’s housing counselor program. Congress eliminated funding slated for the federal program, which supports counseling efforts for foreclosure prevention, back in April as part of the 2011 budget resolution. Sens. Akaka, Menendez, Snowe, and Rockefeller are asking that $87.5 million be included in the 2012 budget to fund the HUD program, and they’re soliciting their Senate colleagues for additional support...read more
| June 14, 2011 | ||
| 6:30 pm | to | 9:00 pm |
Many people find themselves NOT closing deals because they over complicate simple real estate methods. This simple fact is the exact reason why I called in a favor.
Over the last few months you must have noticed the presence of a new group in our midst...
The Innovative Investors bring a lot to the table and have been responsible for bringing new systems, ideas, and incredible content to the LIREIA family.
They are LOCAL, experienced, and successful but that doesn't matter at all...
That means nothing, if you don't know what they know. That's why I've asked them to share their wholesaling methods with you.
Darius, Hugo and Jen were hesitant to share this information because this is their "bread and butter"
and highly sensitive information they use to capitalize on the market in a way that most haven't seen yet.
Well after a lot of conversations and formalities we finally got them to let the cat out of the bag and because this is such a momentous training, we are letting them have the floor for 1 Full Hour at the next meeting.
Here's what they'll be going over:
· Wholesaling as a Useful Tool for all Real Estate Deals
· Mastering the Simple Concept, that's often Misunderstood
· Overcoming the 5 Greatest Quick Turn Setbacks
· How to Create a Virtual Printing Press
· Learn a Creative way to Flip Notes & Deeds
· Mastering the Art of Attaining Cash Buyers
· An Opportunity to Leverage Innovative Investor's capital, connections, software, system, experience and everything else in between.
Don't miss this rare opportunity to learn from investors who are doing the impossible right in our very own backyard!
Join us at our next General Meeting Tuesday June 14, 2011 at the Huntington Hilton in Melville,
Registration and networking begins at 6:30 pm in the SAVOY room
Meeting starts at 7:00 pm- ends at 9:30 pm
Non Member Admission at the door $50 per person
Discount for pre-registering online at lireia.com for only $25.00
Data released by the FDIC Tuesday show that lenders’ are seeing considerable improvement in the quality of loans and becoming more confident that fewer borrowers will default. First-quarter loan loss provisions totaled $20.7 billion, less than half the $51.6 billion set aside to cover bad loans a year ago, and loans and leases 90 days or more past due or in nonaccrual status fell for a fourth consecutive quarter. At the same time, though, the number of banks on the FDIC’s so-called “problem list” is at its highest level since 1993...
Fannie Mae’s latest market outlook continues to call for a “modest improvement” in housing activity this year, although the prevalence of distressed properties on the market has led to renewed weakness in home prices and the industry’s shadow inventory looms large. The GSE’s chief economist notes that as the economic recovery approaches its two-year anniversary in June, housing has not yet contributed to economic growth in any meaningful way and is significantly underperforming compared to previous market recoveries...
Freddie Mac announced Monday the launch of a nationwide sales promotion for its inventory of foreclosed homes.
Selling agents will receive a bonus of $1,200 for initial offers received between May 16th and July 31st with escrows closed on or before the final day of September. The extra incentive applies to Freddie Mac’s HomeSteps properties sold to owner-occupant buyers. As of the end of the first quarter, Freddie Mac held 65,174 REO homes... read more
Sixteen percent of homeowners receiving permanent assistance through the government’s Home Affordable Modification Program (HAMP) have been disqualified from the program for missing three consecutive payments, according to Treasury. Federal officials say HAMP’s permanent mods are performing well over time, with a better track record of sustainability than the industry’s private modifications. There are currently 587,000 borrowers in a permanent HAMP modification... read more
In the wake of the industry’s robo-signing issues, the Government Accountability Office (GAO) has released a report urging the new Consumer Financial Protection Bureau to make mortgage servicing standards a priority.
After examining applicable laws and interviewing mortgage investors and other industry participants, the agency concluded that federal laws do not specifically address the foreclosure process, and as a result, oversight of servicers has been “limited and fragmented.”...read more
The national home price index from Clear Capital has officially entered double-dip territory.
The company says data through the end of April has pushed its reading of national home prices 0.7 percent below the prior low recorded in March 2009, as markets have become saturated with bank-owned properties.
Clear Capital’s report shows prices have fallen 11.5 percent over the previous nine-month period. A rate of decline this rapid has not been seen since 2008... read more
A new report released by Lender Processing Services this week (LPS) indicates foreclosure activity picked up significantly during the month of March. LPS says the foreclosure inventory stood at 2.2 million loans as of the end of March – a new all-time high. The number of new foreclosure actions increased 33 percent from the previous month.
At the same time, though, delinquencies dropped to their lowest level since 2008. LPS says new problem loans are now less than half 2009’s peak levels...read more
| May 10, 2011 | ||
| 6:30 pm | to | 9:15 pm |
CAN YOU “PITCH”?
This month at the Long Island Real Estate Investment Association (LIREIA)…a select group of investors from our membership will have an opportunity to PITCH one of their real deals in a formal, public speaking forum event called… “The Pitch”
May 10th, 2011 General Meeting
Topic: “The Pitch”: Pitch Your Real Estate Deal To A Live Audience of Investors
Time: 6:30 p.m. Registration and Networking
Location: Hunting Hilton, Melville, NY
What you will Experience: The “Pitch” at the LIREIA will embody the true principles of Entrepreneurship, Investing, Financial Education and Presenting. The core of this interactive night features five LIREIA members who have been pre-qualified to share one real estate investment deal during a 10 minute allotted presentation. After each presentation, a panel consisting of real estate experts, investors, and advisors will critique and offer feedback to the presenters. One panelist will also score the presenters based on style, delivery of mandatory information, and overall presentation. Additionally, there will be time allotted for members of the audience to ask up to three questions.
Don’t miss this opportunity to present your deal to more than 100 investors, brush up on your presentation skills and receive expert advice and feedback that can propel you to the next level in your real estate investing career.
“The Pitch” and all LIREIA general meetings are open to the public, however only Business Associate Members of the LIREIA will be able to present their deals. For more information on how to qualify for “The Pitch”, become a member or upgrade your membership, please contact our Vice President for Membership Services, Celeste, at 516-504-6096 or email info@lireia.com
Qualifications for members to pitch:
- Must be an active Business Associate Member with Long Island Real Estate Investment Association
- Must be qualified by Melissa Gagliano, LIREIA President during phone conference
- Must share a real deal that panelist and audience members could actually partner or buy
Information that must be in presentation for scoring:
- What is the name of your company?
- Who is on your team?
- What is the financing?
- What is the Return on Investment
- What’s stopping this investment right now?
Plus, don’t miss out on your opportunity to network with real estate professionals who are serious about growing their wealth.
The LIREIA is committed to harvesting an active membership with the tools, skills, and education needed to succeed in any marketplace and in any environment.
NON-MEMBER SPECIAL PRICING: PREREGISTER ONLINE AND PAY ONLY $25.
NON-MEMBERS PRICE AT DOOR: $50.
For more information email info@lireia.com or call 631.504.6096
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