Dean Ouellette rants about government spending, short sales, TARP and our money, not theirs

Video 69: The government likes to tell people how they are spending their money to help people, to help secure the housing market and to help with things like loan modifications and short sales. First part of the rant… it is not their money, they have no money, the government only has money by taking it from you, your friends, your family and myself. And what they are doing with the TARP money is making life miserable for many of those they have taken the money from. If you are doing a short sale the money you are paying for the housing assistance may be the same money that is preventing your short sale. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Tempe AZ housing market for 85283 in 2009

Video 68: Today we take a look at Tempe AZ zip code 85283 and the housing market for the past year. This Tempe AZ zip code is located between Baseline and Elliot and saw an jump in sales volume of over 25%, but a decrease in sales prices. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top 10 real estate posts of the day for 12/29/2009

This is the last Top 10 post of the year, we will return on January 4th, 2010.

1) Squat – Want to hear a great amazing story of someone totally scamming the system for personal gain? Fast forward to about 5:45

2) Surprise! Fannie & Freddie Get Blank Checks, Executive Bonuses Skyrocket – If there is anyone in America that should not be getting a bonus this year is the leaders of Fannie and Bank of America. Talk about two organizations that have their head completely up somewhere the sun don’t shine. Fannie is losing billions a quarter and they make it completely impossible to do a short sale which causes them billions more, they really need to get a hold of the situation before they deserve a paycheck never mind a bonus.

3) Are You Wearing Your Crash Helmet? Forecasting the Real Estate Market – Housing recovery still 2 years away?

4) Does the Mortgage Modification Program Lower Credit Scores? – How does the HAMP and loan modifications effect your credit score? Shouldn’t the real question be does it matter because who is getting them done successfully?

5) Dual Agency, Double Commission, and a Bad Idea For You. – Dual agency is always a hot topic around real estate agents. Just make sure if you are a buyer or seller that someone has your back.

6) Case-Shiller House Price Graphs for October – The Case-Shiller numbers for October are out, as always when I post these numbers remember, all real estate is local and your market may vary greatly.

7) There’s A Very Good Reason Why The New Home Sales Data Plunged In November 2009 – Did the threat of the home buyer tax credit expiring effect the November new home sales? Dan Green makes a good argument it did.

8) Don’t Take No For An Answer – Short Sale Power Hour 12-29-09 – Seen the new video blog for “Short Sale Power Hour?” They are putting out some very interesting content on a daily basis.

9) The Next Wave of Foreclosures – Another topic that seems to be a daily topic for the last 6-7 months, is a new wave of foreclosures coming? For every run for cover it’s coming, I can show you a contrasting piece. This is one of the rational posts, maybe I think that because we come to the same conclusions.

10) A Rebuttal to the RESPA Reform Poem – The last post on a the new GFE before they become law.

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Top 10 real estate posts of the day for 12/28/2009

1) Bank of America, RE/Max and Wells Fargo. From Very Bad to Great. – Great write up by Russell Shaw, hopefully BoA is paying attention. And Russell, it has been a while, keep the posts coming.

2) Is a Short Sale Backlash Starting Against Bank of America? – Here is evidence that we really can make a difference. I actually talked to someone who works for BoA who stated executives had seen this letter and it was an eye opener. Now to see if they can actually act on it.

3) A Simple Rule of Thumb Could Save You Thousands On Your Mortgage – When to refinance?

4) A Vook for the holidays — Keeping it Real (estate) – What’s a vook? A combination of video and a book working together. What better way to get acquainted with them than with Kris Berg.

5) Quick Answer Series: When Should I Give Up on a Lead? – Good video on following up with online leads.

6) The Spirit of BarCamp (Part 2): Principles of REBarCamp – Rob Hahn continues his look at REBarCamps and why you should be attending one this coming year.

7) An Alternative Approach To Home Buying – Ardell sells this as info to help buy a house, but this is great info for those looking to sell too!

8) Predictions for 2010 – From Greg Cooper’s son and one from Ken Montville.

9) Realtor Survival Guide for 2010 – Wondering what to do with your online presence in 2010? Here is a good place to start.

10) Merry Christmas from the Chumbley Family – So everyone and their cousin did a Merry Christmas message to their clients. It’s hard to get a message like that wrong, but it is even harder to make it really stand out. I saw several dozen messages, this by far was the best most creative.

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Top 10 real estate posts of the day for 12/24/2009

1) Does tax credit help or hurt home sales? – Only with the main stream media can something be good one day, then literally the next day be bad.

2) Season’s Readings – 10 jolts from 2009 to jump start your 2010 – I could have been lazy and just used this as my top 10.

3)  What Did You Do in 2009 That Made A Huge Difference? – What did you do this year, if looking for ideas for next year you can follow these ideas.

4) New vs Old Good Faith Estimate Continued… – There series on the new GFE’s is continued here, one week to launch.

5) It’s a Wrap…the New vs Old Good Faith Estimate – And the series is finished here. There will be a test when we return from break.

6) Current Political Climate Prompts Regulatory Reform in the Mortgage Industry – The lending industry is going to be a lot more interesting to watch than the real estate industry in 2010. If some of these changes are made it is going to end up being all big banks making loans and no competition.

7) Bring The Blog Video Tour | Mortgage And Real Estate Blog Content For Busy Professionals – When I first heard about this I thought it was a joke, but not so sure anymore.

8) Generating Leads in the Online World – Want to generate leads, get people reading your stuff? Add value and make it entertaining.

9) Would You Hire a Friend to Sell Your House? – This is always an interesting conversation, but honestly who is not going to hire their friend?

10) My car is not a real estate office. In 2010, my car is going to become a wi-fi-enabled mobile real property exchange and conference room. – Mobile is the best way to operate a real estate business today.

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Tempe AZ housing market report for 85282 in 2009

Video 67: Today we take a look at Tempe AZ zip code 85282 and the housing market for the past year. This Tempe AZ zip code is located between Broadway and Baseline and saw an jump in sales volume of over 10%, but a decrease in sales prices from an average of $217k to $165k. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Today’s Top 10 real estate posts of the day for 12/23/2009

1) Top 12 Women Real Estate Bloggers 2009 – A great list of 12 of the best real estate bloggers in the business.

2) New vs Old Good Faith Estimate – A comparison of the current GFE and the new one which starts January 1st.

3) DS Drops A WP Spider Bomb… – This is going to be awesome if you are a Diverse Solutions user for your IDX.

4) Compelling Landing Tab or Lose – Making sure you convert visitors on your Facebook page to new fans, by the way Mike great use of Cooliris.

5) Real Estate in 2010, Google, Technology, and Your Real Estate Business – Those who stay up with the Google changes are the ones most likely to come out ahead online.

6) Darth Vader With a Toothache – A Better 2010 – When I was running political campaigns I used to tell my candidates one good rule of thumb was he who shook the most hands every day won. The same theory here, if you want to succeed, you need to talk to a lot of people.

7) Oh great! Potential to be taxed on short sale debt forgiveness – Hmmm am I the only one who thinks this is not a horrible idea? If you purchased a house for 200k, refinanced for $300k in the boom and got yourself some toys, and now short sale your house then you may be responsible for paying taxes on the refinance gain.  Interesting.

8) Facebook Tools & Tricks at Virtual Real Estate Bar Camp January 4th – Over the last month I have been spending more time on Facebook so I look forward to this Virtual Barcamp session.

9) Facebook Real Estate Success: Ask a REALTOR – A short video on how one agent uses Facebook in his business.

10) FHA Loans After A Short Sale – Yesterday it was how long before you can get an FHA loan after a foreclosure, today it is short sale.

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Tempe AZ housing market for 2009, focus on N. Tempe zip code 85281

Video 66: Today we take a look at Tempe AZ zip code 85281 and the housing market for the past year. 2008 to 2009 in Tempe’s 85281 saw the volume stay the same, but prices were way down. In 2008 there were 5 properties that sold for more than $995k in 85281, but in 2009 the highest price for a house was $520k. All of the units over $995k last year were condos down around the Tempe Town Lake, where this year that area saw almost no activity. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top 10 real estate posts for 12/22/2009

1) Large Backlog Of Bank Owned Homes – The flood is coming, buckle up everyone.

2) The Great Tsunami of Foreclosures – Shake up or Shaky Ground? – Disregard number one, the flood is not coming.

3) Loan Modification Program, Good Intention Bad Idea – Good post and the key point is the last paragraph.

4) Ring Out the Old, Ring in the New Good Faith Estimate – More on the new GFE’s, have to get ready for them. Looking forward to part 2 of this one.

5) WTF with NAR?! (Updated) – Another shot at NAR for due increases.

6) Who’s Afraid of Redfin.com? – Very interesting post on how Redfin.com is the trendsetter in real estate, not Zillow. The one question I have is, I always hear about the high tech Redfin agents. Where are they in the blogging and Twitter universe?

7) Another Vote in Favor of Professionalism… – Is the business really changing so that it will become more consumer centered and we really need to lift our professionalism in how we take care of customer service or has it always been that way and the best will continue to rise to the top?

8) 6 Ways to Build your Buyers List – Looking for some buyers in the hot market? Here are six places you can target.

9) The MOST Frequently Asked Home-Buyer Question: “How Much Should I Offer?” – This has got to be one of the hardest questions to answer in real estate, really impossible with so many factors as pointed out here.

10) FHA Loans After A Foreclosure – So how long after the foreclosure before you can purchase your next house? Depends on the lender.

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Tempe AZ housing market, the low end goes real low

Video 65: 2009 and 2008 were drastically different years in the Tempe real estate market. In 2008 there were 2 houses in Tempe AZ that sold for under $75k, in 2009 there were 2 that sold for under $20k. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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