As Promised, here is the email that I sent to all Harris Real Estate University students earlier today….join us for this weeks HREU RSD Agent REO Secrets FREE event!

Hello,

Tim Harris here…

You are serious about taking REO listings…right?

Of course you are…

After all, everyone knows that REO listings are the listings to have in this market. Take a look around your market. Who are the top producers…the agents raking in all the dough?

The agents with the REO Listings.

Go here now for all the call-in info for this Thursday March 4th how-to list REOs Event:

Important Link—> Agent REO Secrets Event Info

Now, the real question is…How do YOU become an REO Listing Agent?

Here’s how…

Several months ago we held the *F-R-E-E* Harris Real Estate University Agent REO Secrets teleconference….As we expected, that call was completely full.

This is the intense live 90 minute  teleconference (or webinar) where you get direct access to all the secrets you must have to get started in the make-money-now business of bank owned homes, REOs.

On the last call we announced that we were closing the doors for the Agent REO Secrets class……for at least 90 days…

….and that is exactly what we have done.

Unless you contacted us directly….you couldn’t enroll in the class..

Here is what happened…we received many requests from agents who missed the last REO Secrets Event….They were all asking (make that demanding) that we provide another FR-EE Event…

So, that’s what we are going to do…..THIS THURSDAY March 4th….

We are setting aside 500 spots for this week’s Agent REO Secrets teleconference (or webinar). I suspect that (like the call before) all of these spots will be taken….

In other words, we have limited space and it’s first come…first served. (Call in or log-in at least 10 mins early)

Here is the information for the call..

THIS  THURSDAY March 4th, 2009 you are invited to attend the Agent REO Secrets Teleseminar.

Go here now for all the call in info:

Important Link—> How-to list REOs Teleconference

This is going to be another fantastic call. You will get direct take-action-now access to real agents who are making real money listing and selling REOs….

We are interviewing 3 fellow Realtors who have become REO listing machines…

1)  An agent from the Midwest who is listing REOs like a mad man…He is now taking 4-6 new listings directly from REOs per week……making more money and its taking 50% less time and effort. Last year alone he sold 144 homes…90% REOs!

2) You won’t believe our next agent expert’s REO experience…he is listing dozens of homes directly from 5 REO sources this month. That is not a typo…20+ listings. You will learn exactly how he is doing it…we are holding nothing back!

3) As promised we will also interview an agent from California…Jennifer. She is making a fortune doing…BPOs. Matter of fact, she has been averaging well over $10,000 per month…from BPOs!

Your spot on this THURSDAY’s March 4th Agent REO Secrets teleconference has been reserved. Remember, this teleconference is no cost to you.

Go to this link now for important call-in information:

Important Link—> Agent REO Secrets, List REOs Event Info

Remember, we only have 500 spots available for this teleconference.

Once those ’seats’ are taken..they are gone.

To guarantee your seat… here is what you need to do…

You will want to call in (or log in using the webinar) at least 10 minutes early to be guaranteed your spot.

When you attend the event this THURSDAY here are a few of the things you will learn:

1)  How to contact the lenders…YES…we are giving out names and numbers of the largest REO companies.

2) We will tell you exactly how to ‘present’ to the REO companies so they will want to list their homes with you.

3) You will learn the 3 biggest mistakes you must avoid at all costs.

4) How to make money now from BPOs.

5) Here is a new topic…IF you have REO listings we will tell you the top 3 reasons you will lose those listings…YES, the banks are pulling listings…you must know these 3 crucial mistakes to avoid.

On this 90 minute call you will learn our proven step-by-step process to becoming an REO listing agent.

We aren’t holding anything back on this call. Get ready to take pages of great notes.

Here is the best part about these 3 agents…none of them had any REO listings 6-12 months ago. They applied what they learned from Agent REO Secrets and are now having their best years ever.

Go here now for all the call in info:

Important Link—> How-To List REOs Teleconference (or Webinar) Info.

One more thing….I know this sounds crazy. Please don’t share the info about this call with other agents. We expect the call to be completely full.

Speak with you soon!

Tim and Julie Harris

P.S. This is not a ‘fluff call’. We respect your time and will be

giving you the information you must have to cash in on the REO

listings explosion taking place right now.

P.P.S. This call is taking place at 12:00 pm PST, 1:00 pm MTN,

2:00pm CTR, 3 pm EST.

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More on the just released Case Shiller Home Price Index:

* US Home Prices have been rebounding since April 2009.
* Shadow Inventory…bank owned homes….are going to be a huge problem.
* Many buyers entering the market now because many people simply…feel better…more confident.
* Dr. Shiller thinks the banks Shadow Inventory could reverse the positive trend and there will be another 10% of home value loss in the next 24 months.

Agents, read this post about how to become a REO Listing Agent:

Exclusive Harris Real Estate University Interview with ExcellenREO President Cary Sternberg. <——LISTEN NOW

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Here is a copy of an email that I just sent….in case you didn’t receive the email invite…here it is:

One more thing….I know this sounds crazy. Please don’t share the
info about this call with other agents. We expect the call to be
completely full.

Speak with you soon!

Tim and Julie Harris

P.S. This is not a ‘fluff call’. We respect your time and will be
giving you the information you must have to cash in on the REO
listings explosion that is taking place now.

P.P.S. This call is taking place at 12:00 pm PST, 1:00 pm MTN,
2:00pm CTR, 3 pm EST.

Popularity: 1% [?]

Breaking News…Rick Sharga from RealtyTrac just released their much anticipated report on foreclosure filings.

If you want a crystal ball so that you can look into the future…discovering what will happen next in your real estate market…this new report (and video) is it.

Bottom line our foreclosure ‘crisis’ is getting worse…much worse.

Talking points from the video:
* How bad is the foreclosure problem? “Setting new records daily….120% increase over 2 years ago”. getting worse.

* Sand states, Nevada, Arizona, Florida, California and  Michigan and Ohio are the much worse.

* For example: Nevada..Vegas…10% of housing inventory in foreclosure. 1/10 of people you meet have a home in foreclosure.

* Nationally foreclosures are increasing….no signs of any notable improvement.

* How much longer will this crisis last?”There are 3 waves to the  foreclosure crisis..we are in wave 2.”
* Wave 1 was casued by overvalued housing..bad lending….2nd wave..unemployeement….3rd wave..option arms…upside down sellers.

*  Loan modifications don’t seem to be making any real impact on the problem….kicking the can down the road. So far, govenment programs not doing anything significant.

* 2010 forecast:  The next wave of the foreclosure crisis will only worsen the housing markets. The new wild card is what will happen to all the homeowners who are desperately upside down in their homes and make the financial decision to let the home go….in other words, ridding themselves of their own toxic assets.

Agents, here is the question you need to be answer…are YOU ready to become a REO Listing Agent? Literally millions of bank owned homes will need listed and sold over the next few years. Do this…watch the FREE Agent REO Secrets video and then download the FREE How-To List REOs book.

Popularity: 2% [?]

You simply must watch this 60 minutes video….
This was originally aired about 12 months ago…worth watching now to gauge how much the real estate markets have improved…or (in many cases) gotten worse.
in this video you learn how to understand what is happening now..and what will happen in 2010.

Agents, Its absolutely crucial that you understand that we are in ‘this’ market for a long time to come. Short Sales and REOs will dominate most real estate markets for 5…10..more years.

Agents, here is the question you need to be answer…are YOU ready to become a REO Listing Agent? Literally millions of bank owned homes will need listed and sold over the next few years. Do this…watch the FREE Agent REO Secrets video and then download the FREE How-To List REOs book.

Watch the 2 part videos now:

Part 1.

Agents, here is the question you need to be answer…are YOU ready to become a REO Listing Agent? Literally millions of bank owned homes will need listed and sold over the next few years. Do this…watch the FREE Agent REO Secrets video and then download the FREE How-To List REOs book.

Part 2.

Popularity: 1% [?]

Must watch new video from Bloomberg.

Great interview with Mike Alpert from Westwood Capital. If you don’t have the 5 mins to watch this video, I will bottom line it for you. Bank owned homes (REOs) will dominate the real estate markets in 2010 and beyond. In this video Mr. Alpert explains exactly what is happening now…and what will happen next with housing.

Understand, that REOs are here to stay. STOP struggling to compete against all the great priced REO listings. Learn how to BE a REO Listing Agent! Watch the FREE Agent REO Secrets video and download the FREE How-To List REO’s book. Earn your CREOD (Certified Real Estate Owned Designation)…start now for only $97!

Watch This Video NOW Click Here, This Will Open A New Window.

Popularity: 2% [?]

Will the first time home buyer credit be renewed…or even better…extended?

THAT is the question…..

As all of you know…the ‘first time home buyer’s’ credit was a huge boost to housing.

We can argue the long term benefits or detriments of these sorts of government handouts later…..we have heard from HREU Coaching Student from all over the US how crucial a continuation of this program is for any sort of meaningful long term housing recovery. At this point everyone knows that the economy goes where housing flows. Homes sell…fewer foreclosures….eventual leveling off of home values…and then a return to a stable market.

Here’s the tough part, there is no guarantee that there will be an extension of this program. We reported on this blog yesterday that there may be movement away from this program towards others by the Obama Administration.

Here’s a new video from CNBC Rock-Star Diana Olick. If you have yet to discover Diana…check her out. No question that she is the best reporter about all things housing. She cuts through the fluff and gives you the bottom line:

More from Diana….

I have to say I was a bit surprised at the crafting of HUD Secretary Shaun Donovan’s statement before the Senate Banking Committee today, specifically with regards to the first time home buyer tax credit. Donovan followed testimony from Sen. Johnny Isakson (R-GA), who is pushing for not only and extension of the credit through the first half of 2010, but an expansion to all home buyers with joint annual income up to $300,000.

In case you didn’t know it..Sen. Johnny Isakson’s family is in the real estate business! They own a very large, successful real estate brokerage.

Isakson told fellow Senators that without such an expansion, “We will have a dramatic and awful situation in the US from which recovery will be more difficult than what we’ve experienced already.”

Yep, we agree. Here’s the rub. Many believe that the folks who would be ’stimulated’ by the $8,000 stimulus…have already purchased. Additionally, the next wave of foreclosures are with more expensive homes….not the sort of homes first timers would want/ could afford.

Going into the hearing, we already knew that the Obama Administration had yet to take a stand publicly on an extension of the credit, which turns into a pumpkin Nov. 30th. A few weeks ago, during a conference call on the government’s loan modification program, I asked a “Senior Administration Official” about the credit, and he responded, “There are a lot of ideas out there for what to do with the extension of the home buyer credit, and other credits, and those issues are not yet finalized from our perspective internally.” At the time I called that a “punt.” Your safest play.

HUD Secretary Donovan, in his opening statement, said:

I am also aware of the strong support in Congress for doing more to support the housing market, including extending the First Time Home Buyer Tax Credit beyond 2009. At the same time, I am mindful that these proposals can be very expensive, especially at a time of significant budget deficits. I can assure you the Administration will work with Congress to fashion appropriate and effective home buyer incentives, mindful of both their benefits to stimulating new demand and their costs to the American taxpayer.

THAT comment makes me nervous. If these guys were going to back the continuation of this program wouldn’t they be shouting from the tops of the tallest (unsold, vacant) buildings? Doesn’t it make sense that if you really want to juice up housing you need to continue the momentum that has already started….Come on Mr. HUD Secretary….you aren’t really going to drain the fuel from the tank just as we are getting rolling are you?

And it seems that I am not alone in my concerns about the lack of clarification….

I don’t know about you, but that sounded more like a “No” to me than a “Yes.” When pushed, by the never-timid and always blunt Sen. Jim Bunning (R-KY) on why the Administration needed more time to study the costs, Sec. Donovan continued to say they would have an answer one way or another in a few weeks.

I think it’s one thing to answer a question by saying we’re considering our options and weighing the costs, and another thing entirely to cite budget deficits and the expense to taxpayers, twice, in a prepared statement. Just my rumination

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