Bill HR 5830. Good, bad or too soon to tell?

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Save my home!!!!Hi folks. I am writing today to pick your collective brains a little. Have you heard that the House of Representatives recently passed a bill, H.R. 5830, named the Federal Housing Administration (FHA) Housing and Homeowner Retention Act?

From what I've read, and understand, this Bill will give distressed Homeowners an opportunity to refinance with FHA at 90% of value IF their current Lender will agree to a short payment.

One of the caveats is that the FHA will own a piece of the action. When the borrower sells they will either pay, from any profits, a 3% exit fee (a percentage of the original loan amount) to the FHA or a declining percentage of any net proceeds, attributed to appreciation, (from 100% in the first year to 50% in year 4 or after) whichever is larger.

I guess this FHA participation, in the appreciation, is to prevent speculators and second homeowners from participating. This Bill is designed specifically to keep folks in their homes.

My first thought is WOW!!! How great would this be to assist folks that are facing foreclosure who are in a short sale position? How receptive will lenders be to accepting a short sale at 90% of value?

Then I start thinking about FHA owning a piece of the appreciation. Basically they would now be an equity partner to the homeowner.

OK, I need to get my head around this. You can find Bill H.R. 5830 here. Please help me to understand the pros an cons of this Bill. What are your thoughts?

Sell Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Agent

Copyright © 2008 http://www.brokerbryant.com/ | All Rights Reserved

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://www.brokerbryant.com/
***The content of this blog is solely my opinion*** 

SEO(Stuff Everyone Oughtaknow) made easy.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

I could be be working on my tan!!!Hi folks. I want to preface this post by letting you know I am NOT, by any stretch, a SEO (search engine optimization) expert. In fact, before I joined ActiveRain, 2 years ago, I had never even heard the term.

I’m writing this post to hopefully give you some ideas on how to increase your presence on the search engines, Google, specifically. What I’m NOT going to do is tell you what you should do or explain key words, meta tags, back links etc…as this is not my area. 

What I AM going to do is show you what works for me in my market. My goal is to get you to think about your Internet presence. Fair enough? 

Over the last few days I have been reading a lot of the posts and comments related to the new launch of Localism. A lot of folks seem to be very concerned with the new “purchase a community” feature and their “marketing areas” being purchased out from under them and consumers no longer being able to find them. 

Personally, I have received tons of business from ActiveRain. In almost all cases it was because folks did a Google search, that led them to one of my articles, which led them to me. The new Localism will only affect this in a positive way as it will increase your Google juice. 

If you are ONLY using AR and Localism the maximum amount of spots you can have on the front page of Google, for any search, is 4, as Google will only give any particular site 2 results on page one. So the first thing you should do is set up your AR outside blog. Here’s mine http://sellingpoincianaproperties.com By doing this you are able to get 6 spots. The downside of course is that you are now 100% dependent on AR and how they decide to utilize and/or monetize this site. 

Now having said that, I LOVE AR and trust them to do what’s right for me and them. BUT…..first and foremost, I’m a businessman and I don’t believe in placing all of my eggs in one basket. So this is what I do. 

I have another blog http://brokerbryant.com and I have a FREE point2agent website http://buypoinciana.com plus I have a template site with homes.com at http://poincianaproperties.com that I’ve had for about 8 years. 

In addition, I use RealEstateShows, Postlets and syndicate my listings to about 500+ other sites through Point2Agent AND I made sure to set up profiles on Zillow, Trulia, Cyberhomes and similar locations. All of these places give me the much sought after Google juice. 

“But, Broker Bryant, how do you find the time to maintain all of these sites and write posts for your blog sites?” Well, I’m glad you asked!!

The beauty of what I do is that I ONLY write on AR and I only write 3 to 4 posts a week. I then choose where the article written on AR is going to go. Everything on my brokerbryant.com site is also on AR but not vice versa. 

Now with AR’s outside blog I am able to do the same thing. I can choose which articles show up on sellingpoincianaproperties.com just as I can choose which ones go to Localism. This is why I suggested to the guys that we have the ability to post to any of the 3 locations without it showing up on the others or any combination of the 3. I truly hope they implement this feature.

Also, you’ll notice that on all of my sites, my “featured listings” button, goes directly to my free MLS web site. I did this so that I never have to manually enter listings. Once I enter them in the MLS they automatically go to all of my sites. 

My buypoinciana.com is a free point2agent site. I was able to imbed my brokerbryant.com blog directly in it….here. Every time I post to brokerbryant.com that content shows up on my static point2agent site which pulls that site up in the SERPs(search engine results placement). My other static web site poincianaproperties.com achieves the same results. Because of my Internet strategy, it is possible for me to own all 10 spots on the first page of Google. If I don’t have at least 5 I’m p****d!!! 

Since I am NOT a SEO expert, I pay very little attention to keywords, tags and the such. I just write about what I do and where I do it. I figured out that if I link all these sites together and syndicate my own original content and listings to them I would own Google and I do. Here’s an example of how using multiple sites will help you rank on Google: 

Search phrase: Selling Poinciana Properties: On these results you’ll see my new AR outside blog in the #1&2 position, poincianaproperties is#3, AR is #4, buypoinciana #7, brokerbryant #8&9 and my free MLS site is #10. EDIT: This is a live link so results may vary.

I find it interesting that Localism hasn’t even showed up yet on the first page. However, even without Localism, I have 6 sites and 8 positions on page one of Google for a pretty good search phrase. 

As you can see, my Internet strategy is pretty simple, yet very effective. 

Oops!! I almost forgot, you wanted to know how I find the time to maintain all of these sites……I spend about 2 hours a week on my sites. This of course doesn’t count all the time I spend on AR reading and commenting. 🙂 or working on my tan!!!!

You can do it too. So what do you think?

TLW Is Coming Home!!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

OK…so tomorrow is the big day! After 25 days and 2 major surgeries…..TLW is coming home to ROAR!! She was feeling pretty good today and made this little video for you. I hope you enjoy it!!


ROAR!!Productions

***No husbands were harmed in the making of this video***

The Video is the property of ROAR! Productions. Hands off or TLW will shoot you.

I am soooooooo lucky!!!!! Or NOT.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Florida Real Esate Broker 407-873-2747 Hello fellow Rainers! This is going to be one of those post that has been flopping around in my head for a few days. Not quite sure how it’s going to turn out but I think there’s going to be a point in here somewhere. So please bear with me. Sometimes I just have to get it out of my head. OK, since I don’t really know how to start this, I’m just going to jump in and use myself as an example.

“I feel so lucky today! Business is booming and as lady luck would have it, I am in the right place at the right time, to take advantage of it. My “popularity” is growing by leaps and bounds on ActiveRain and I have managed to get into the right “cliques” so that all of my posts get featured and folks line up to leave comments. I must have been born with a silver spoon in my mouth and it seems my 15 minutes of fame has extended into a lifetime. I am soooooo lucky”.

Have you ever looked at someone else’s success and thought how “lucky” they were? Or, made a comment about a Blogger on ActiveRain, about how their posts are always featured and it must be because they know the right people or they are featured because they are “popular”?

Did you know, successful people rarely, if ever, have thoughts like these? By these, I mean, the ones in the 2nd AND 3rd paragraphs. Most successful people have a strong work ethic and have spent many years honing their craft to achieve “over night success”. Most successful REALTORS® have spent many years prospecting and studying market conditions to be able to get “lucky” and be in the right place at the right time. “Popular” Bloggers on ActiveRain have also put in the time, done the research and studied the market(AR) in order to become “popular” and get into the right “clique”.

Lady Luck has nothing to do with success. You may get lucky and have short term success but you cannot achieve long term success this way. You have to have a plan and you have to stick to it. The same applies to ActiveRain. Being popular or being part of the right clique will not give you lasting success. You have to be willing to share and give folks information they can use. You have to be consistent.

So, maybe if you are not having the success you feel you deserve. Then check your attitude first. Secondly, devise a plan and stick to it. Success in anything takes careful planning and persistency.

Check your vocabulary. Change:

  • Luck to hard work
  • Clique to niche
  • Popular to trustworthy

Work hard towards becoming the expert in your niche and build trust by being honest and dependable. By doing this you may find yourself being “popular” and in the right “clique” and before you know it, your “luck” will change. To me, ActiveRain is just like real estate or life for that matter. I would venture to say that the “popular” Bloggers on ActiveRain are, or will be, successful in their businesses as well.

OK, I just reread this post and I’m not sure I got my point across. Maybe I’ll get lucky. It sure sounded good when it was my head. Oh well, I’m throwing it out there anyway. Sometimes you just have to go for it. Maybe, you DID get my point. Did you? Does your success depend on Lady Luck?

****First posted in April 2007**** 

Copyright © 2008 http://www.brokerbryant.com/ | All Rights Reserved  

Broker Bryant’s New Buyer Lead Generation Project

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Hi there fellow Rainers, here’s my Growth Leader update. Hey wait a minute…I wasn’t invited to test out Growth Leader. That’s OK. Let me just change the name of my update to……Broker Bryant’s New Buyer Lead Generation Project.

I’ve been reading all of the reports about Growth Leader so thought I would give you something to compare it to. First, I do not use PPC (pay per click). Secondly, I don’t have any exclusive zip codes and I don’t have a fancy landing page.

What I do have are three very strategically placed property ads on the Internet. I started this program on December the 27th.

Since then I have:

  • Received 342 Buyer enquiries of which 136 have registered for and are receiving auto property updates.

 

  • I have active communications going with 30 of them. By active I mean multiple contacts about specific properties.

 

  • I have presented 7 offers of which 4 have been accepted and are closing this month. All are cash deals.

 

  • One Buyer I actually met and only two have I ever spoken with. All others are strictly by email.

 

My goal is to sell 2-4 properties a week without ever getting out of my jammies!!!

Not bad for a guy that 6 months ago didn’t work with Buyers! So let me know how that Growth Leader thingie works out for you!!!

If you are a REALTOR® in Central Florida and are ready to step into the World of Internet Real Estate business PLEASE give me a call. OK that’s it for now.

<

****The video is the property of ROAR! Productions. If you take it TLW will hunt you down. 

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

MORE INFO FROM BROKER BRYANT… THE SOURCE FOR CENTRAL FLORIDA REAL ESTATE

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved   

 

Blogging..Push me Pull me marketingHi Folks. I know I’ve written about this topic on several occasions but I feel it’s worth repeating. Don’t wait for people to find your blog, PUSH it at them. The way I look at it is, I spend a lot of time and effort putting together blog articles. Just about every thing anyone could ever want to know about Real Estate in Poinciana Fl, what I do and how I do it, I have already written about. Why not use it?   

Here’s an Email I recently sent out:

Hi Mr New Seller,  

I have attached the listing agreement for your review and signatures. Also, there is a 5 page “Property Disclosure” that needs to be completed. Please initial ALL pages and sign/date where indicated. I will pick up the key from xxxxxx Realty on my way over to the house tomorrow morning.

OK a couple of points:

My suggestion is to Range Price the property from $179,000 to $189,000 trying to sell as close to $185,000 as possible. By pricing this way, I am able to enter the property into the MLS(Multiple listing service) at the lower price in the Range. This will make your property the best priced home of it’s size in Poinciana. This will increase our showings and increase our chances of getting offers. When priced this way, the first line in the public remarks will read: “This property is Range Priced. The seller will consider offers between $179,000 and $189,000 with $189,000 being a full price offer” We are basically inviting offers.

This LINK will explain Range Pricing in more detail.

Also, we will advertise in the listing, that the Seller will contribute towards the Buyer’s closing costs at the right price. Buyers ARE going to ask for closing costs. You can count on it. The maximum allowable is normally 3%. They are going to ask and they are going to expect it. So count on about $5,800. With the Range Pricing we will just have to negotiate accordingly. If we are giving…. they are paying.

Paying Buyer’s Closing Costs

Mr New Seller, I want to thank you again for the opportunity. I know time is of the essence and I will do everything I can to get this house sold quickly. If we need to make adjustments I will let you know immediately.

Please send the contract and disclosure back to me at FX 863-xxx-xxxx or you can scan and email.   Give me a call with any questions you may have.

OK, I know this is a very stressful time for you and your family. So here you go……have a laugh at my expense.

Broker Bryant’s Redneck Counter Offer

Now wasn’t that fun? 
 
END OF E-MAIL

So simple…..yet so effective. “Pushing” your articles at folks is another easy way to enhance your communications. Whay say you?

****Image used with permission of Mount Lehman Llamas. Thanks Brian!

Are you a Florida REALTOR(R) looking for a change? Check it out. http://TTRealtyNet.com

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

 Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

Morally Wrong….OR…Financially Sound?

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Dillemma?Richard Zaretsky’s recent post……….

“WALK AWAY FROM THE PROPERTY – STRATEGIC MORTGAGE DEFAULTS GROW TO 26%”

got me thinking. His post is talking about the amount of people who are making the “Strategic” decision to default on their mortgages.

TheTruthAboutMortgage.com site had this  to say about the topic.

“A new survey conducted by the Kellogg School of Management in Chicago suggests that more than a quarter of mortgage defaults are strategic, especially when negative equity exceeds 15 percent.”

Some of the comments on Richard’s post were calling this a moral issue. As in “It is morally wrong to strategically default on your mortgage”.

So…….my question is“Is deciding to default on your mortgage, or not, a moral issue?”

Here are my thoughts: “Strategic Defaults” are rampant in my area. People are living in their houses as long as they can for free and saving their mortgage payments so they can move on with their lives and have a little bit of a nest egg.

These are people with families that have mortgage balances over $200,000 on homes that are now worth $60,000. Foreclosures and short Sales make up 90% of the market in Poinciana Florida and are still dragging prices down.

There is no chance in hell of these properties EVER being worth $200,000 again. At least not in the next 10-15 years..

These borrowers are so far underwater they will NEVER be back on top again. So…. whether they make payments or not, at some point they will have to sell, due to life circumstances i.e. job relocation, divorce, marriage, death…..it makes sense to take the hit now and start rebuilding.

To compound the issue….folks see all of the “bailouts” for the banks and start thinking “Where’s mine?” So they create their own bailout.

Is this a moral issue? I don’t think so. As much as I hate to say it…I think it’s a sound financial decision. What say you?

 

Are you a Florida REALTOR(R) looking for a change? Check it out. http://TTRealtyNet.com

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

 Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

Short Sale Negotiator Interview…..11:00 am Eastern TODAY!!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

THE NEGOTIATOR INTERVIEW

 

TODAY!!! Saturday August 29th at 11:00 am Eastern ….(Now available on MP3)Wendy and I will be interviewing a Short Sale Negotiator from one of the major lenders. He’s been doing this for 18 years and is a wealth of information. He has agreed to spend 90 minutes answering our questions.

Do you want to know:

  • What is the best question to ask when you follow up on your short sale?
  • What are the short sale phone reps looking at on their computer screens?
  • How are all those faxes separated and imaged in?
  • What qualifications do short sale negotiators have?
  • Why do they tell you “No” when it makes sense to you?
  • Why do they deny your BPO and comps?
  • Do they care if the buyer is going to “walk”?
  • What is going on with your package after two months of waiting?
  • What happens with Fannie Mae files?
  • What agents get the best treatment and why?
  • What would the negotiator tell you if they were allowed?
  • What can you do to mess up your chance of approval?
  • Why do they cut your commission when they are the junior lien?
  • How can you get them to reduce the promissory note or cash contribution?

………and much more.

$27

The Negotiator Interview is being recorded and will be available on MP3 just in case you can’t make it “live”.

Folks…… this may be the best $27 you have spent in a long time.

If you want to join us……….

Order The Negotiator Interview

Also, join www.ShortSaleSuperStars.com It’s FREE!!!

Bryant Tutas
Wendy Rulnick

Founders

http://ShortSaleSuperStars.com

Available Short Sale Training:

Short Sale Listing Package $47.00
Letter of Authorization,
Short Sale Detail Sheet,
Short Sale Questionnaire,
Short Sale Listing Check List,
What is a Hardship?
Short Sale Hardship Letter Outline,
Short Sale Financial Worksheet,
Short Sale Submission Package Cover Sheet,
Short Sale Submission Letter,
Short Sale Package Labels (sample)

Selling Florida Foreclosures Virtually.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Florida real estate for sale

Tutas Towne Realty specializes in the listing and selling of Short Sales and foreclosures (REOs) in the Central Florida area.

Since most of these properties are sold over the Internet sight unseen we try to capture the essence of the properties by use of numerous pictures and video tours.

Touring foreclosures in Central Florida is always an adventure. You just never know what you will find. Folks facing foreclosure have a tendency of taking out their frustrations on the property. I’ll never understand why.

Anyway…..here’s a little tour I did today on a Poinciana Foreclosure. Enjoy.  

Need help buying or selling real estate in Central Florida? We can help.

Florida Property search

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

http://ShortSaleSuperStars.com

Are you a Florida REALTOR(R) looking for a change? Check it out.

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved

Are You a Serious Short Sale Professional? If so…come join us.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

www.ShortSaleSuperStars.com

Are you serious about Short Sales? Would you like to have help? Support? If so you really need to pop over and join www.ShortSaleSuperStars.com. Wendy Rulnick and I opened this network on August 1st. Our goal was to have a network where folks dealing with Short Sales could come together, share inwww.ShortSaleSuperStars.comformation and help each other get better at getting Short Sales approved.

Homeowners throughout the Country are struggling right now and they need qualified professionals to help them avoid foreclosure. There are no better qualified Short Sale Agents anywhere than the 600+ Short Sale Professionals who are members of www.ShortSaleSuperStars.com.

The members of ShortSaleSuperStars are some of the best Short Sale Professionals in the country. We have all come together, not to whine about how difficult Short Sales are, but instead to find solutions to Short Sale problems. We CLOSE Short Sales. We help people avoid foreclosure. And we do it everyday.

So…..if Short Sales are a part of your business please come join us. We’d love to have you. If you need Short Sale training we also offer Short Sale Agent Training. Short Sale Agent Training is 8 hours of comprehensive training walking you through a Short Sale Transaction from start to finish. The course is taught by Wendy Rulnick and myself. We are both Broker/owners and we work Short Sales all day every day. Once you have completed the course you will have the confidence and knowledge needed to help folks avoid foreclosure. Go check it out.

Here are some of the FREE features at www.ShortSaleSuperStars.com

……and so much more. What are you waiting for. Come join us.

Wendy Rulnick and Bryant Tutas
www.ShortSaleSuperStars.com

Copyright © 2009 REGrow, LLC | All Rights Reserved

The BIO for Bryant Tutas

About us

I am a licensed real estate Broker in the state of Florida. My opinions on real estate have been formed from my experiences and 15 years of working in the business. My opinions are in line with Florida Real Estate laws and the REALTOR(R) Code of Ethics. Your State’s laws may differ. So do your own homework before implementing any of my business practices into your business.