Selling Poinciana One Property at a Time.

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ActiveRain Mortgage/Housing Crisis Resource.

 Hey guys. I took a little time today to put together this resource for you. In case you hadn't noticed there were some excellent posts written over the last few days relating to the mortgage crisis. I've placed all the links in one place so I can send it to my Sellers. This is good stuff.

Ten  Nine Writers with close to 200 years and 1,000s of closed transactions in experience writing their opinions on the mortgage crisis. These writers are Real Estate Brokers, Mortgage Experts, Fraud Experts and Title Agents who work everyday in the trenches. 

This compilation truly shows the power of ActiveRain. Use it.

THE ACTIVERAIN MORTGAGE/HOUSING CRISIS RESOURCE

Ed Rybczynski-Mortgage Fraud Speaker and Expert located in MD

Lenn Harley-Broker/Owner in VA and MD

Broker Bryant-Broker/Owner in Central FL.

Carole Cohen-REALTOR® in Cleveland OH

Renee Burrows-REALTOR® in Las Vegas NV

Gena Riede-Associate Broker in Sacramento CA

Janet Guilbault-Mortgage Expert in San Francisco CA

Fran Gaspari-Title Agent with over 35 years experience-Limerick PA

Kaye Thomas-REALTOR® with 28 years experience in Manhattan Beach CA.

Brian Brady-Mortgage Expert and hard money Lender-San Diego CA

Lola Audo-Broker/Owner located in Grand Rapids MI

Gabriel Silverstein-Broker/Owner in Chicago IL with over $1 Billion in Real Estate Experience.

Mike Jones-Mortgage Expert located in Tucson AZ

Bob Mitchell-Owner/Broker and Mortgage Broker-Saint Louis MO

Bill Roberts-Real Estate Broker-San Diego CA

By the way, if I missed any posts please place a link in the comments section and I'll add it if it's suitable.

Copyright © 2007 Broker Bryant Real Estate Ramblings | All Rights Reserved

***Edited: I had to remove one of the post from Ed Rybczynski and the post from Brian Brady. I didn't realize they were for "members only". This post is public so they had to go. Sorry about that.

***2nd Edit:: Ed made his post public so I added it back in. I also added a new post from Lenn. I will contune to add to this list as posts come up.

Comments

Reserved Parking For "The Lovely Wife"...TLW...ROAR!

Blog Boy...

This post is one of the reasons I "Let" you marry me :)

You're just so flippin' smart. I love the idea of sending it to our Seller's.

Excellent hun. Really excellent. The epitomy of excellence.

Okay. I better stop before your head puffs up :)

TLW...ROAR!

Posted by "The Lovely Wife" (Broker Bryant's Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) over 2 years ago

Bryant,

Thanks for the reference...bookmarked!!! Thanks,   Fran

P.S. Don't get too serious...My kids miss Blogging Bertha!!!

Posted by Fran 'The Title Man' Gaspari Title Insurance-PA & NJ (Patriot Land Transfer, Inc.) over 2 years ago

Bryant, great information. Thanks for condensing it for us. It makes it a shorter perusal of useful information to share.

http://www.GlitterMaker.com/ - Glitter Graphics

Posted by Teri Ellis at Homes Arizona Real Estate LLC over 2 years ago
Good compilation Bryant - and an ever better idea how to use it. Do you mind if I share your post with clients and others - with note of not only the copyright but information on how to reach you if they have any Poinciana real estate needs?
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 2 years ago
Thank you sir!  I had missed several of these posts.  Have now read them, enjoyed and profited.
Posted by Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO (Tri- Lakes REALTORS) over 2 years ago
Brian- Thanks for posting this.. I knew there were a lot of us who had more then a passing interest in the subject.. it's great to be able to check out the other posts.
Posted by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West) over 2 years ago
Thanks for the list-compilation. I had 5 of them bookmarks. Now I have to read the few I missed. 
Posted by LLoyd Nichols~SW Florida Homes (Sandals Realty) over 2 years ago
thanks for putting this together--mike
Posted by Michael Carew (Wells Fargo Home Mortgage) over 2 years ago

Hun...

The more I think on it the more brilliant this idea becomes.

You Big Dog you. Woof :)

TLW...ROAR!

Posted by "The Lovely Wife" (Broker Bryant's Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) over 2 years ago

Sharon I certainly think you should send this out to your customer/clients. I am. In fact that's the reason I Put it together. I will be placing this post on my other blog and linkiing all my sellers to it on Monday morning.

I've been spending the last 2 dasy reading and commenting on these post. It truly is a wealth of information.

WE DON'T NEEED NO STINKING NEWS! WE ARE THE NEWS!!!!

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago
I read most of these.  A couple of them got me on my soap box so I wrote on of my own.  This topic is one we all have pretty strong opinions on.
Posted by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes) over 2 years ago

OK, Where did the lines come from. 

BB, Thank you for putting this together so we can track on it and share.  Some of the posts are members only.

 

Posted by Phoenix Arizona Real Estate ~ Doreen McPherson (Keller Williams Arizona Realty ~ Scottsdale ~ Tempe) over 2 years ago
This is great.  I've bookmarked it and plan to send out the link.  Thanks for taking the time to put this together.
Posted by Melina Tomson, M.S. Salem Oregon Real Estate Specialist (Tomson Burnham, llc) over 2 years ago
I think I've read about half of these. I'd better get busy reading the other half.
Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 2 years ago
Oops!! I didn't notice some of the posts were members only. Thanks Doreen. I probably need to take those out. Not sure why they would make them members only though. This info is way to good to not share with  the public.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

BB,

Great idea!  I've bookmarked it to read and then send on to my sellers.

Thanks for your help!

Lucky :)

Posted by Lucky Lang, SRES®, Davenport, Iowa Real Estate (Mel Foster Co.) over 2 years ago

BB - when I first saw this post, it was featured, and now it's not.  Wonder why that happened?

I was glad to see this compilation as each of those posts are excellent, and I love your idea of sending this to clients and potential clients.

Ann

Posted by Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR® (RE/MAX Coast to Coast - Portsmouth New Hampshire) over 2 years ago

Bryant

There's no need for my post to be members only.  I'll make it available to the public. 

BTW - This post was a great idea. 

Posted by Ed Rybczynski over 2 years ago
Bryant - This is the kind of post that deserves a double feature! I love when someone is willing to put some work into their post and make it easy for me! I would love to forward this to my sellers to help them as well. Do we have rights to do that or would we need to get permission? Wonderful idea...bookmarked here for sure! Thank you for all your hard word today in gathering these in one place. Bravo!
Posted by Gilbert Arizona Real Estate - Candace Robinson REALTOR® (HomeSmart ) over 2 years ago
Thanks Bryant!  You've made my commenting for today so much easier. :)
Posted by Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate over 2 years ago

Randy was on his soap box....I'll attest to that :)

I have to go read....if it's one thing I love is more info!

Posted by Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate (Century 21 Liberty Homes) over 2 years ago

Where's my comment?  I thought I commented earlier.  I'm getting punchy.

BTW, I send yesterday's posts to the buyer I'm working with this month.  He put a lot hold on a new home site today. 

We're looking at a new home that priced out at $940,000.  Last year the same home would have been $1,050,000. 

 

Posted by Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 2 years ago

WOW...This is a lot of great information.  Thanks for taking the time to compile this.  Do you ever wonder how many really good posts go unnoticed?  A lot of these slipped right by me.  It's like a bookstore...wonder how many really good books are there that people don't know about?

Posted by David and Kristin Small, REALTORS®- Myrtle Beach Real Estate (Eagle Realty- Myrtle Beach) over 2 years ago

Well your gold star is back!  GOOD!

Ann

Posted by Portsmouth NH Homes Condos - Ann Cummings New Hampshire REALTOR® (RE/MAX Coast to Coast - Portsmouth New Hampshire) over 2 years ago
Since this discussion has had so many threads, we've needed a quick reference guide.  I read some of these to my husband and sons from my cell phone as we travelled through Arizona for Thanksgiving break.  They are fascinated by being able to get real esate info straight from people in the industry through active rain.  GO RAINERS!
Posted by Marsha Cleaveland, GRI, AHWD, CNE (No longer in the sales business) over 2 years ago

Great post, all of them!

I've bookmarked them.

Thanks

Posted by Orlando Homes Armando Rodriguez Real Estate & Mortgage Broker-GRI (QUEST REALTY SERVICES) over 2 years ago
Very nice job. Thank you for compiling this information.
Posted by Sam White - Bryan & College Station, Tx (Keller Williams Realty Brazos Valley) over 2 years ago

BB,
I've read a bunch of these. Now I'll be able to get to the rest. Thanks.

Bill Roberts

Posted by Bill Roberts - "Baby Boomer" Retirement Planning (Brooks and Dunphy Real Estate) over 2 years ago
Always enjoy your posts. Helpful information. Thanks for posting.
Posted by Benjamin Realty LLC over 2 years ago
Great resource, BB.  Thank you!
Posted by Carol Smith (Casmi Photography) over 2 years ago

I am trying to keep my links updated too.  I wrote it mainly for people in my market to understand our market vs all others.  This is amazing how it has spun off!  Thanks for including my posts and pointing me to some that I missed !!

You are right, we ARE the news.  How sad is it that NV's foreclosure website has had less visits in three weeks than my blog post in 24 hours?   

Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - Real Estate Market News (The Force Realty -Realtor>Estate>Probate>REO>Short Sale) over 2 years ago
Broker Bryant, I wrote a post about what's happened in the Michigan market regarding the housing crisis.  Our situation is more similar to Carole's in Cleveland, Ohio...but the east and west side of the state are quite different in terms of this crisis. This is a good reference tool.  Thanks for compiling.
Posted by Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate over 2 years ago

BB - this one took some work too. It's interesting, we've been here long enough now to recognize all of the excellent writers on your list here, and am glad to see Ed first. His is a great story.

Cheers 

Posted by Gary Bolen (CRS) Lake Tahoe Real Estate Information (McCall Realty) over 2 years ago
Now this is a great tool loaded with lots of info. I am so sick of the news...we have a real battle on our hands in Daytona Beach...last week front page..and then add a few pages.talking about the decline in the market...Seller's...some tough stories...its a 6 week series..can't wait to see tomorrow's paper. 
Posted by Florida Real Estate Trainer | Daytona Beach After School Training | Midori (Coastal Results Referral Company) over 2 years ago

Bryant:

I had to keep it "Members Only" because of the generally negative view, short-term of California real estate.  I felt it was more appropriate for professionals and not for the general public.

Thanks for thinking of me; understand that I do want to protect our community's online image to the consumer 

Posted by VA Mortgage Broker in California/858-777-9751 over 2 years ago
If you're interested, you might link to this post, I wrote last week that was a response to a request for my prognostications for 2008.  I address the foreclosure activity and it's effects in that post.
Posted by VA Mortgage Broker in California/858-777-9751 over 2 years ago
BB: Thank you for doing this, and for including me. I haven't been so fascinated with a topic on AR in a long time. I am getting through this list, and absorbing so many interesting viewpoints. Long live ActiveRain and the amazing BB.
Posted by Janet Guilbault California Mortgage Banker/Broker over 2 years ago
Bryant- Thanks for posting some great reads all in one place, all we have to do is bookmark one site instead of 10, wow, that was easy! Thanks again for adding to the rain. Katerina
Posted by Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes (International Properties and Investments, Inc.) over 2 years ago
Hi Bryant:  Thanks for a great list.  What you should have done... is require everyone who comments on your post to read all the linked-posts, and then submit an opinion on each one.  If they don't, they have to stand in the corner.  Thanks for sharing...
Posted by Fort Worth Real Estate - - - Karen Anne Stone (HomeFindersDFW) over 2 years ago
BB, this was a lot of work...we certainly appreciate it!  I am actually showing property this morning but will be back to read them all!
Posted by Lake Norman Real Estate ~ Diane Aurit (LKN Realty, LLC) over 2 years ago
Bryant, great job bringing all this together. It is very helpful to all. Thank you for your relevant and hard work. I just read Lenn's new post this AM and this will help in putting some compelling information together for clients. I agree that it is sensitive and yet we have to deal with it. Thanks again for your work.
Posted by Jeanean Gendron ~ Redding & Shasta County Specialist (Coldwell Banker C & C) over 2 years ago

Well good morning everyone! You guys were busy last night. I've decided to make this post an ACTIVE document and will be adding articles to it as they come up. That way we will have a resource that addresses the current issues in our markets.

So if you write anything or see anything that should be in here please come back and leave it in the comments section. I'm adding a couple right now.

There is NO issue with linking to these posts in an email to your customer/clients. As long as they are public posts we can link to them.

What you may want to do with this one is copy and paste the post (just the list) into an email. That way it won't have my smiling face. When your customer/clients clicks through to read the individual authors the article will have that authors branding on it.

Certainly feel free to use it.

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago
I cannot begin to tell you how thankful I am that you took the time to put this together for us.  Please know I'm grateful. 
Posted by Kris Wales - Macomb County MI real estate blog & homes for sale search site (Keller Williams Realty - Lakeside Market Center) over 2 years ago

BB,

Good List of Posts! I still see some I need to Read :0) But i'm on it..

Posted by Thomas Weiss (Thomas R. Weiss) over 2 years ago
Very cool, what do you think of my blogs? http://activerain.com/action/agents_secure/my_home
Posted by Gil Kerbashian Real Estate Loans over 2 years ago
thanks for the compilation, now I have some reading to do.  bye
Posted by Teresa Boardman (Saint Paul Home Realty) over 2 years ago
Wow Broker Bryant!  This is an excellent resource.  Thanks for pulling it all together for us.
Posted by Pasadena CA Real Estate - Irina Netchaev (Keller Williams International Realty) over 2 years ago
Thank you for putting this together in one post, I have been following this, and I appreciate your time and effort in putting this together, it's bookmarked!
Posted by Portland Oregon Real Estate | Alecia Barnes - Broker (Phommany & Phommany Realty, Ltd.) over 2 years ago
Thanks for all the work you did for this great post !
Posted by Bill Gillhespy Fort Myers Beach Realtor (Century 21 Tripower Realty) over 2 years ago

I like that ...."Active" document.

I have read a few of these...okay, information galore and always can educate more! (hey, that rhymed)

Thanks...will go read a LOT I missed.

And I just realized I commented already. that's okay.

I'm getting a head cold...crap.

 

Posted by Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate (Century 21 Liberty Homes) over 2 years ago
OK we just made it back from a relaxing day of playing. Now I need to go check to see if there are some more posts on this topic to add. As always, I appreciate you guys stopping by.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

It's amazing how much we all can learn by looking at other perspectives.  I think placing these as an opportunity for clients is extremely brilliant, not only does it show that we are not know it all's but it provides our clients with valuable resources.

Posted by Ryan Haddock (Sound Advisors) over 2 years ago
great list. thanks.
Posted by Wendy Smith Real Estate over 2 years ago

BB- The mess has far reaching tenacles.  As you know,  Levitt and Sons filing Chapter 11 leaving 5 major lender hanging for millions on the Turtle Creek subdivision here in Osceola County, is just another fatality in the firestorm of mortgage defaults.  735 homes-unsold.   Deeply troubling, is if the 800 pound gorilla (Levitt & Sons) can fall off the mortgage empire state building, the little guy has even less of a chance to cling on.

As more and more lenders, take back properties, and are still unwilling to reset loans, troubled homeowners (even those with good credit) will find the fight futile.  I am seeing professional people, giving up the battle with the banks.  With equity depleated, to negative numbers, competing builders selling off inventory homes at just above cost, and owners of resales between a rock and hard place, buyers are too fearful to take the leap even if the necessity for buying a home may be present.

Posted by St.Cloud Homes & Land, LLC over 2 years ago
Thanks for posting.I have bookmarked this post.
Posted by GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES (ReMax Centre Realtors) over 2 years ago

OK I just added another great post from Mike Jones.

This is quite the resource we have here.

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago
Michael, That's quite the story. OK I don't mind the info being on here but do have a problem with the names. I will however give you the opportunity to come back in and make the names ficticious. Do that and I'll leave the comment. If not I'll have to zap it.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

BB,

Have you ever heard of such a mess before?  Could this be true?

Lucky :)

Posted by Lucky Lang, SRES®, Davenport, Iowa Real Estate (Mel Foster Co.) over 2 years ago

I have two cases of court documents sitting in my office backing-up every claim in the post (in due time I'll have many of them on the web at http://allreaders.net/allrealty.html). The post actually comes from my Active Rain blog The Creel Deal at: 

 http://activerain.com/blogsview/285307/Loans-Lie-s-and

I didn't bother loggin in when I posted it. I have no desire to protect the names of the criminals that did this to her, so you may zap the post. No hard feelings.

Posted by Michael Creel over 2 years ago

OK I decided to delete Michael's comment. Only because I didn't like having the names of the victims and perps on my post. However, it is a very interesting situation relating to fraud and how it affects people lives. So, here's the link to the article on Michael's own blog.

http://activerain.com/blogsview/285307/Loans-Lie-s-and

 

 

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

BB, I wrote another take on the mess What Mortgage Crisis?

Please take a look at it. If you think it belongs with the rest go ahead and include it.

Thanks

Bill Roberts

Posted by Bill Roberts - "Baby Boomer" Retirement Planning (Brooks and Dunphy Real Estate) over 2 years ago

I'm sad you felt that way.

I married the "victim" long ago, because she is the finest person I've ever met in my life. The "perp" has been banned from participating in the mortgage business "in any manner" for 10 years; but I'm quite sure he appreciates people such as yourself that look out for him.

There's two ways to go through life Bryant, the first is "afraid".

I don't fault you for falling into that group; because millions do. Personally, years ago I chose to go down the other road; I decided to do the right thing and help people, and I've never once regretted it, or faced litigation for it. It's a pleasure you will never know.

Posted by Michae lCreel over 2 years ago
MIchael, I left the link to your post in here because I do feel it is important for others to read. However as I mentioned in my email to you the entire post does not belong in the comment section of this particular post. Now if you choose to think of that as "fear" and "being a coward" as your email to me stated then so be it. It's obvious that you know nothing about me and my character.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

Thanks for this tutorial on the mortgage crisis.  This is a thorough analysis of the issue and worthy of a feature.  I appreciate all you do.

Hey, by the way, I was doing something that someone told me was against the AR guidelines. I would thank you and others for leaving me a comment and include a link to the post on which you commented. I did it to remind people of the post they commented on.

I didn't know that some consider that advertising my blog. So, my apologies...

Posted by Dan Forbes over 2 years ago

Michael,

We can all see your passion with this issue and can only imagine what everyone went through.  No one thinks that the guilty parties should be let off the hook. 

Bryant's position should not be looked upon as "afraid" because he chooses not to bear the cross that you have chosen to bear.  He does so much for his local community as well as his profession and the Active Rain community as a whole.  He has chosen to bear many crosses for the sake of others and I'm sure has received plenty of pleasure from helping thousands out along the way. 

You may agree to disagree with him and anyone else's position.  You DO NOT, however, have the right to question another's character by telling them that they go through life "afraid".  This is a personal attack and crosses the line.

Please do not take your frustration of this case out on innocent people.

Thanks,

Lucky :)

Posted by Lucky Lang, SRES®, Davenport, Iowa Real Estate (Mel Foster Co.) over 2 years ago

Dan, No problem my friend. Your link did not bother me in the least.

Lucky, It is unfortunate that Michael chose to take something so simple and turn it into an attack on my character. Oh....well such is life.  Thanks for covering my back.

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

Lucky...

Thank you. I was going to ROAR but you beat me to it :)

TLW...ROAR!

Posted by "The Lovely Wife" (Broker Bryant's Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) over 2 years ago

Bryant - haven't had much time to read these last few days...somehow I missed this terrific compendium of mortgage information. What a great resource - now bookmarked. Thanks for taking time to put it together.

Jeff

Posted by Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360 (RE/MAX Moonlight Beach (CA DRE Lic. # 01490977)) over 2 years ago
Your welcome Jeff. These are some awesome posts. It's great to be able to get perspectives from all over the country.
Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

Bryant - how about my solution to the crisis?

http://activerain.com/blogsview/949474/Solving-Some-of-The-Housing-Crisis

Posted by Kelle Sparta, Real Estate Trainer and Coach (Sparta Success Systems) about 1 year ago

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