Message from Michelle:
If you answered yes to any of these questions, the Seminar was for you.
The Seminar consisted of a Panel of Experts:
•Realtor
•Lender
•Attorney
•Loss Mitigation/Short Sale Negotiator
•Title company
All bringing top notch professional experience to this very informative seminar.
The feedback that I have gotten from those who attended our seminar on November 4, 2009 is very positive.
You found the content to be informative, educational, and best of all, helpful. I think that people felt so much better knowing that we weren’t trying to sell you anything: no snake oil, no scam.
I’ve gotten some calls from people who knew about the seminar but could not attend. They wanted to know if we plan to do another seminar. Yes, I think we will, now that we know that it actually has made a difference for you.
Ever read Rick Warren’s book “The Purpose Driven Life”? I truly believe that it’s not about me, it’s about you. I’m going to share with you one of the comments that I got from a fellow panelist. “Michelle, you let all of us panelists talk about what we do. Frankly, you did not do much to sell yourself or your company. People have to understand that you are the one that has spearheaded and formed this “Power Team” so that together we work for the benefit of the people in the community.”
You know what? That person is correct. I was so focused on everyone else, that I did not explain or promote my company or myself. To remedy that situation, in all fairness to all of you who deserve to know more about us, I have attached a document for your review.
Have a Blessed day and know that I’m sincere about wanting to help you.
http://hosted.cdpe.com/MichelleChauvin
MICHELLE CHAUVIN EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Las Vegas, Nevada, 10/25/09 --Michelle Chauvin of iRealtyProperties, LLC has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In the Las Vegas area, 1 in every 8 homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Chauvin. “It is so rewarding to be able to help sellers save their homes from foreclosure.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Michelle Chauvin with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales. “Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.
Move-in ready!
• 2,176 sq. ft., 3 bath, 3 bdrm single story - 
MLS® $82,900 - $38 per square foot!
Gamebird Subdivision, Pahrump - 1320 Jean has a fantastic open split floor plan with new paint and carpet. Home features vaulted ceilings, pot shelves, blinds and front security door. A large kitchen with Center Island, breakfast bar, upgraded cabinets, R/O at sink, Stove, Dishwasher, Refrigerator, plenty of storage, nook & separate laundry room with upper cabinets. Spacious Master Bed Room with His & Hers bathrooms, a shower for him, a garden tub and vanity for her and large walk in closet with organizer. This home includes a 500 square foot addition, great space for anything you desire, could be used as an office, game room, extra bed rooms or a craft room. The exterior includes desert landscaping, mature trees and bushes, ircular driveway RV Gates and fully fenced with a separate fenced play area in the back.
Property information
We thought you might be interested in attending this series of special Open Houses of foreclosed homes prior to their being officially put on the market for sale.
What a GREAT way to preview these homes (see if you would like to buy) before everyone else even knows about them!!!
August 13th, 2pm - 5pm 6243 Desert Lavender Av (Jones - Cactus) Las Vegas, NV $?
4 Bed/ 2.5 Bath/ 2,039 sq.ft. Pre-Listing Stage!!!
August 14th, 2pm - 5pm 10448 Palm Village St (Maryland Pkwy - Cactus) Las Vegas, NV $?
2 Bed/ 2 Bath/ 1,429 sq.ft. Pre-Listing Stage!!!
August 15th, 12pm - 3pm 2118 Feather Bush St (Wigwam - Pebble) Henderson, NV $239,900 3 Bed/ 2.5 Bath/ 1,891 sq.ft.
August 16th, 1pm - 5pm 511 Moses Lake (Equestrian - Boulder Hwy) Henderson, NV $?
5 Bed/ 3 Bath/ 2,260 sq.ft. Pre-Listing Stage!!!
See you there!
Calvada Valley, Pahrump - All offers will be reviewed on August 31st, 2009. Please submit your highest/best.
Property information
Homes for Sale is an iRealtyProperties, LLC mobile application, powered by Smarter Agent.
Check it out! It’s very cool leading edge stuff. I’m really excited to be the first one to make it available to you ;-)
Gerry Carpenter (right) seen in this photo with my Dad (left), both packing away some serious eats.
http://music.aol.com/video/when-i-get-where-im-going/brad-paisley/sony:25142378
You can tell that my Dad is from the tropics and Gerry is a Wyoming kinda guy who never gets cold.
Well, Gerry was a good student at the School of Life. He got to graduate and go to Heaven. His graduation was Wednesday March 18th.
Here's to you buddy!
Happy St. Patty's Day to all of you! We had a fun morning.
Where was the party? In Solera, an age-qualified community built by Del Webb/Pulte in Henderson, NV.
Who was there: Michael, our Buyer (with an Italian last name). Inspectors Richard Cummins and Greg Pastuch. Me, of course, the Buyer's Agent.
We were all dressed in our requisite green colors. Hey even Michael had some muted/hidden hints of green somewhere on his person - maybe his underwear? Thankfully, the inspectors didn't check the underwear ;-)
Here's a snapshot of these guys. BTW, they really do good work, show up when they're supposed to, get the report to you within 24 hours....and all with a smile and good humor.
Golden Amenities for the Golden Years
• 1,386 sq. ft., 2 bath, 2 bdrm single story - $189,990
Sun City McDonald Ranch, Henderson - Lovely low maintenance desert landscaping. Backyard has oversized patio with a concrete pathway running the length of one side of the house to connect the backyard to the front of the house. A nice open floor plan and bright airy kitchen. Tile floors, solar screens, instant hot water heater, and many details to run an efficient household. Best of all, the lifestyle, the amenities of the community with golf course, club house, swimming pool, clubs and restaurant.
Property information
So picture this scenario: I get the key out of the lockbox which is located on the gas meter on the garage side of the house. Walk across the driveway and because of a two inch separation and height difference between the driveway and the walkway to the entrance of the house, you guessed it...slip, fall, twist ankle, face plant on the concrete - major OUCH! Partner scrapes me off the ground. Did I mention that it's always a good idea to partner with someone? Ankle starts looking like a grapfruit. Bank Owned property, hum, there are no appliances in the kitchen, which means, no ice for the ankle. But wait! There is a swimming pool and the water is cold. Excellent! Put foot and ankle in 50 degree water to stop the throbbing and swelling.
We have a great turnout, by the way. To make a long story short....
A few days later at the doctor's office, I'm showing off my leg that has all kinds of purple colors running from toes to knee. I'm explaining what happened and the smart move to improvise by using the pool's cold water. Doctor orders X-rays and leaves the examination room. Okay, let me tell you that I am a real whimp when it comes to needles and apparently the Doctor has duly noted this fact on my chart. Nurse shows up and in a flash zaps me with a Tetanus shot. Doctor comes back in the room all smiles while I'm protesting. "What the heck was that for?" That's for putting your foot in the REO pool and for not taking a cooler with ice to one of your Open Houses.
Ha! No sympathy for doing REO Open Houses. In case you were wondering......yes, the foot is broken.
Anthem Country Club
• 2,010 sq. ft., 2 bath, 3 bdrm single story - MLS® $499,000
Anthem Country Club, Henderson - Extraordinary 3-bedroom, 2-bath home with an exceptionally large ¼ acre lot. On one side is an easement giving a large buffer between the next door neighbor and the backyard is next to an open desert area providing even more space and privacy. The house was built in 2002, is 2,010 sqft with a 2 car garage and extra space for a golf cart. The house has ceramic tile floors, tile counter tops, ceiling fans, wood shutters, central vac, and many other upgrades.
Property information
Starter home or Rental property
• 1,594 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $185,000 - House for price of condo
Park Mesa, Henderson - Large backyard, unusual by today's standards of what you get here in Henderson. This is in the Green Valley area.
Property information
Diamond in the Rough
• 1,527 sq. ft., 2 bath, 3 bdrm manufactured home "56' Long x 27' Wide" - 
MLS® $99,000
Green Saddle Ranch, Pahrump - Seller will convert existing Den into 3rd bedroom at no cost to Buyer, if Buyer prefers having third bedroom instead of a Den. The property does need some work, is being sold "as-is" and is priced accordingly.
Property information
While at the Five Star Default Servicing Conference
I also took a certification course in Property Preservation and learned from a Realtor in California that they paint the burned out grass to avoid city ordinance fines and improve curb appeal. A novel concept, I thought. Here’s the link and story about that.
http://www.news10.net/news/local/story.aspx?storyid=48264
STOCKTON, CA - Bad business for some can be good business for others.
A Stockton company that paints dead lawns green is busier than ever because of the foreclosure crisis. The business is called Greener Grass Company and 40 times a month, owner Nick Terlouw is making brown yards look green again.
"If it rained tonight, it wouldn't wash off. It takes about two hours to dry and lasts three or four months," said Terlouw.
Terlouw is hired by real estate agents, but also by the city of Stockton when a foreclosure case becomes a code enforcement issue. He's worked for the city about a 100 times.
"In those cases, we'll hire someone to go paint the lawn. It turns the grass green and it looks decent again. We're very pleased with the quality," said Neighborhood Services Program Manager Ron Girard.
"It's a win, win for everybody. For banks, the city, realtors, even neighborhoods because we keep them looking nice," said Terlouw.
Terlouw has been so busy, one of the yards he painted Friday was next door to another yard he painted last spring.
The average cost of a yard painting is $200. When the city orders the work done, the cost is eventually claimed from the owner of the property.
News10/KXTV
Copyright 2008 / All Rights Reserved
The Five Star Default Servicing Conference and Expo had in-depth, university-style education courses. While there, I took certification courses:
· Marketing REO Properties,
· Property Preservation,
· industry portal REO.Trans
· industry portal REO.Net.
I wanted to share with you some things that I learned at this conference.
I arrived quite early for the REO Marketing Course that was to be presented by Rick Sharga, Senior Vice President of RealtyTrac Inc. Since we had some time before the actual class started, Rick and a few of us got talking about the REO market. By the way, REO means Real Estate Owned and it means Bank Owned or Foreclosed properties. As we chatted, he brought out a presentation he had on his laptop and frankly, it was one of the most interesting presentations I saw at the conference—and this, mind you, a “quasi-private” showing at that! Here are excerpts of his presentation:
Obviously there were many factors involved in getting us to what the Mortgage Bankers Association has referred to as the “highest level ever” of foreclosure activity.
One of the factors was the availability of various loan products that were used for purposes other than those for which they were created.
Fed Policy:
· Stimulus aimed at righting the market after the dot-com meltdown and 9/11
· “Free money” policy drove down rates and artificially drove up home prices
Wall Street Securitization:
· Voracious appetite for exotic loans
· Risks shifted from banks to grape farmers in Tuscany
Fundamental Changes in Behavior:
· Lenders go from “buy and hold” to “Buy to distribute:
· Borrowers look at real estate as a place to park their money, not a place to park their car
The average homebuyer had virtually NO REASON to be sold a negative amortization loan; and ARMs weren’t created to put people into homes they really couldn’t afford. The problem went beyond loan types; there were fundamental changes in the market itself: Homebuyers treated homes as an investment rather than a place to live and Lenders adopted a strategy of “lending to sell” vs. “lending to hold.”
Securitization and packaging of loan pools by Wall Street exacerbated already-shaky underwriting standards.
We may see one more giant spike in foreclosure activity, as tens of billions of dollars of subprime adjustable rate mortgages are due to reset through the second quarter of this year.
These types of loans have a delinquency rate of approximately 42%, and default at nearly a 15% rate.
The “optimistic” view on this is that many of the loans may have already gone into foreclosure, so we won’t see as much of a spike.
The lending community is also hopeful that lower Fed and LIBOR rates will allow some homeowners to aviod going into default. Q1 2008 showed a 112% increase in foreclosure activity over Q1 2007.
Foreclosure activity has increased on a year-over-year basis for 33 consecutive months, and is unlikely to slow down until 2009.
If activity continues at this rate, 2008 will end 50% higher than 2007 in terms of foreclosure rates.
Foreclosures: 2009 and Beyond
August was the highest month on record since the RealtyTrac report started in January 2005.
REO inventory will exceed 1 million homes by end of 2008 – up from 225,000 at the end of 2006
$200 billion in Alt-A and Option ARM loans due to begin resetting – and recasting – in 2009.
