Updated True facts about the foreclosure Market, Someone might want to forward this to the local News Channel! They keep telling everybody it's better

Foreclosures on the rise!!!!

According to the Center for Responsible Lending, a nonpartisan watchdog group based in Durham, North Carolina, there are more than 6,600 home foreclosure filings per day in the US, and with two million this year alone, the flood shows no signs of abating.

Foreclosures, which started with sub prime borrowers, have now moved on to the much bigger prime loan market on the back of mounting unemployment.

Michael Barr, the Treasury Department's assistant secretary for financial institutions, said in congressional testimony last month that more than 6 million families could face foreclosure over the next three years.

"The recent crisis in the housing sector has devastated families and communities across the country and is at the center of our financial crisis and economic downturn.”
*Note: This is why I am here!!!!!

A recent pickup in sales and home prices in some regions has been heralded as a sign that the crisis in residential real estate may be close to bottoming out, after the steepest price decline since at least 1890.

But nearly half of recent sales have been attributed to foreclosures or "short sales" at bargain-basement prices. The Center for Responsible Lending says foreclosures are on track to wipe out $502 billion in property values this year. (Are you in?)

See you at the top!!

Cool Gadgets for Real Estate Investing that save time and money!!!

People keep asking me how I find, research or seem to know more about a house its surroundings or just in general more that the listing agent. Here is a small insight to some of the Coolest Google Gadgets You Never Knew About for Real Estate Investing.

Let's face it, if you are like most people you spend more than your fair share of time online surfing the Internet or otherwise Tweeting away time. Chances are, you may have missed out on some of the coolest Google gadgets that make great tools for real estate. Spend some time exploring then get ready to save these sites to your favorite lists:

1. Google Maps. Stop driving all over town to see the neighborhood of a potential property. Instead, simply type in the zip code then zoom down to the "street view". Not only can you see the property as well as those of the neighbors, but you can actually take a virtual walk down each road and around the block! Try it at http://maps.google.com/maps?hl=en&tab=wl.

2. My Maps. Create your own customized maps with full GPS navigation/directions that can be sent and received via cell phone. It's the perfect companion to showing homes! http://www.android.com/market/free.html#app=mymapseditor.

3. Google Trends. See what people are searching for then track it over time. Isolate by region or even city then use as a leading indicator for interest in real estate or short sales. Just type in "real estate" or "short sales" to see for yourself how well this little gem works! http://www.google.com/trends?q=short+sales&ctab=0&geo=all&date=all&sort=0.

4. SketchUp. Create, modify and share 3 dimensional models of homes, repairs or even modifications to real estate with Google SketchUp available at http://sketchup.google.com/.

5. Picasa. If you haven't used Google's super simple photo editor and storage service it's time to give it a try. Password protect those areas you want or allow anyone to view pictures of homes and other real estate related investments. Simple and free. http://picasa.google.com/

6. Google Mobile. Get your email, maps, photographs, GPS info, favorite blog or new content plus much more with Google Mobile. http://www.google.com/mobile/#utm_source=us-et-more&utm_medium=et&utm_campaign=mobile.

7. Google Voice. Stop giving out your real phone number - instead, protect your privacy and security with a virtual phone number that reroutes to your phone or other line. Thanks to Google Voice, it's now possible. Currently in Beta, Google Voice is available by invitation only but if you apply, it typically takes approximately 5 to 10 days to receive an invitation. Best of all, number portability plus all the other bells and whistles are included for free!
http://www.google.com/googlevoice/about.html

8. City Tours. Show out of town prospects all the sites from the comfort of their own homes thanks to City Tours. Identify points of interest and plan trips for most major cities. http://citytours.googlelabs.com/

See you at the top!

End of first day on new Venture

Posted for new Investors and Business Partner today. Felt like I just ran the obstacle course at Fort Benning Ga, but at the end of the day the postings are out and one new client is on board.



First project home for small investor 85k purchase, financing has been arranged and should be able to help them close in less than a month. Home should be appraised at 175K after rehab and client can sell quickly for 140k to move it.



Funny today that everyone sees value, just doesn't want to help anyone but themselves. Investors are there just got to get the word out.