West USA Realty: July 2009

Sunday, July 26, 2009

Fw: New law triggers fear for housing

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

----- Original Message -----

Sent: Sunday, July 26, 2009 6:19 PM

Subject: Fw: New law triggers fear for housing

We have been talking about the new law regarding foreclosures in Az. at all the meetings this past week. Here is an article written by Catherine Reagor that has been well researched and explains everything including ramifications of the new law. Click on the link provided and then be sure and hit the print button to get it into readable form for yourself.

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

----- Original Message -----

From: bob@westusa.com

To: rstephens@onmbb.com

Sent: Sunday, July 26, 2009 6:13 AM

Subject: New law triggers fear for housing

You have received a link to azcentral.com content from bob@westusa.com.

To access the content, click the link below or copy and paste the full address into your Web browser:

New law triggers fear for housing

http://www.azcentral.com/php-bin/clicktrack/email.php/8859622

Saturday, July 25, 2009

Fw: a picture for you

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

----- Original Message -----

From: Bob Stephens

To: AAAABob Stephens

Sent: Saturday, July 25, 2009 2:46 PM

Subject: a picture for you

Many pets are being left behind in foreclosed homes and need help. Lost Our Home Foundation was formed by a group of Realtors to give that help. Now I am asking agents from West USA to join in and donate per the flyer that is attached.

Everyone that makes a donation will put their card in a hat so that a winner can be drawn for the grand prize--the collectible Dillards Bears from 2001 that you see in this picture. This will happen on September 3, 2009 at the Arrowhead office during the agents meeting there on Thurs. Toni Taylor of American Title is spearheading this effort. Please bring something in and leave it at any American Title office located at Arrowhead (Toni), Metro (Teresa), Scottsdale (Jill) and Mesa (Tiffany).

These are the ladies involved in this effort.

The Bears were donated by Bob Stephens.

Thanks to everyone involved!

You have been sent 1 picture.

100_1877.JPG

These pictures were sent with Picasa, from Google.
Try it out here: http://picasa.google.com/

Friday, July 24, 2009

Fw: NAR Update: Fannie, FreddieAct on Appraisal Concerns

Sent from my BlackBerry Smartphone provided by Alltel

From: "Charles McMillan, 2009 NAR President"
Date: Fri, 24 Jul 2009 10:01:39 -0400
To: <msomers@westusa.com>
Subject: NAR Update: Fannie, Freddie Act on Appraisal Concerns




	To: All REALTORS® From: Charles McMillan, 2009 NAR President Re: UPDATE: FHFA and GSEs Act on HVCC Concerns Dear Fellow REALTOR®, I am writing to you with an important update on NAR's efforts to address ongoing problems with recent changes to appraisal rules. As a direct result of my recent meetings with the New York Attorney General's office, the Federal Housing Finance Agency, and Fannie Mae, both Freddie Mac and Fannie Mae this week issued new guidance to all lenders on the Home Valuation Code of Conduct. The alert clarifies two very important points that we raised in our meetings with officials. First, it states that lenders should use appraisers who have clear experience in the geographic area. Second, it clarifies that appraisers are not prohibited from talking to real estate agents. http://www.fhfa.gov/webfiles/14611/hvcc_NOTICE_7_22_09F.pdf In addition to this guidance, both Fannie Mae and Freddie Mac recently posted extensive Qs and As on their respective web sites, based on information that NAR provided when the code was first adopted in May. https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/appcode/pdf/hvccfaqs.pdf http://www.freddiemac.com/singlefamily/hvcc_faq.html We have posted links to all of this information at www.Realtor.org/HVCC. Although this is certainly a step in the right direction, more still needs to be done to address problems with the HVCC. NAR will continue to push for a moratorium on the Code, and I will continue to meet with industry partners and officials to convey our concerns. Thanks to all REALTORS® who have shared experiences and concerns with us. Once again, you have proven that we are the "Voice for Real Estate," and I am proud to serve as your 2009 President. Sincerely, Charles McMillan, CIPS, GRI 2009 NAR President


Please do not reply to this email. This mailbox is for distribution only. To ensure you receive our emails, please add NAR@newsletters.realtor.org to your address book now. Questions or comments? Please send an email to presidentsreport@realtors.org. National Association of REALTORS® MandBD 430 N. Michigan Ave. Chicago, IL 60611 As a member of the NATIONAL ASSOCIATION OF REALTORS®, you are entitled to receive the most updated information on the programs, products and services offered by the association. However, if you would like to be removed from the NAR email distribution list, please click here.

Monday, July 20, 2009

WEST USA REALTY OFFERING JOB LOSS PROTECTION

PRESS RELEASE: West USA Realty is now offering JOB LOSS PROTECTION!
Certified West USA Agents can offer this to their Buyers and Sellers.
Seller participation would be required in order for a Buyer to be offered this 24 month Job Loss Protection. West USA offers a certification "Certified Mortgage Protection Specialist" (CMPS) which is awarded upon completion of a 45 minute online training. Tools that are available to help West USA Agents market this to the public are sign riders and flyers which they can download or order through their Online Virtual Office.

Agents that have completed their certification are:

Ahwatukee Office:
Jenifer Bulfer
Deb Casey-Shasky
Kent Gagon
Billy May
Carol Wooldridge

Arrowhead Office:
Juanita Davoll
Kelly McCormack
Bill Mitchell
Jerry Saunders
Orpha Saunders
Michele Somers p.c.
Ben Villa
Joann Zimmerman

Kierland Office:
Craig Ball
Robert Crista
Susan Dempster
Judie Fedor
Del Gooch
Bill Henry
Jack Holliday
Danielle Kirkby
Mark Morelock
Jay Patel
Rita Phillips
Lynne Shapiro
Lorraine Stout
Lorena Vellecillo
Diane Zubrod

Mesa Office:
Noel Anderson
Ed Anderson
Janice Galvin
Carol Miller
Rick Rhoden
Garrett Smith
Lennie Decof

Metro Office:
Mary Beaubien
Steve Buschta
Fritz Gregorio
Audrey Hickman
Jim Larson
Hilda Magliocco
John Martin
Dan Moore
Jim Nuth III

These agents have received their "CMPS" Certification. Check your online News Bulletin for the next scheduled training if you are a West USA agent that wants to become certified to offer this service. One great "tool" to get more Buyers and Sellers and be able to offer Buyers protection.

Fw: 20 YEARS AT WUSA

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

----- Original Message -----

From: Bob Stephens

To: AAAABob Stephens
Sent: Monday, July 20, 2009 6:25 AM
Subject: 20 YEARS AT WUSA

WHEN I COMPLETE THE DAY ON JULY 23, 2009 I WILL HAVE SERVED 20 YEARS WORKING at WEST USA REALTY for CLAY FOUTS, THE BEST BOSS I HAVE EVER HAD WHOM I ALSO CONSIDER TO BE A FRIEND.

HOW DID I GET HERE? AN AGENT THAT I KNEW, WORKED FOR WEST USA AND CAJOLED ME INTO COMING OVER AND TALKING TO CLAY.

Some more of the story is in the attachment!

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

Saturday, July 18, 2009

Fw: PART OF SENATE BILL 1148

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

----- Original Message -----

From: Bob Stephens

To: AAAABob Stephens

Sent: Saturday, July 18, 2009 10:41 AM

Subject: PART OF SENATE BILL 1148

Here is some good news affecting for sale signs on real estate in a story written by Curtis Ekmark, an HOA attorney, published by the Republic. Rental signs are not mentioned in this new law.

Just click on the attachment!

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

Friday, July 17, 2009

REVISED ANTI-DEFICIENCY LAW IN AZ

Here is the web site for an explanation of this revised law http://combslawgroup.com/

On the right side of the home page, click on news and read Chris Combs and Aaron Greens analysis of the revision followed by the entire law as revised.

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

Monday, July 13, 2009

REALTY TIMES ARTICLE BY BROD. PERKINS

Here is a really good explanation of Job Loss Mortgage Insurance by Broderick Perkins.

REMEMBER, WUSA offers this "exclusively" here in the valley and you should promote this in your advertising.

For more info go to http://www.mywestusa.com/login.php and click on NEWSLETTER.

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

PROTECTING TENANTS ACT OF 2009

Good morning--If a home is foreclosed on and there are tenants in possession of the property, this has always created hardships on tenants. On May 20, 2009, Obama signed into law S.896, Title VII-Protecting Tenants at Foreclosure Act of 2009. For an explanation of this situation, go to Attorney Andy Hull's web site www.doctorevictor.com and when the home page comes on, click on the top that is printed in red. This will even provide the forms needed for the tenant and the new owner (usually a bank)

This is a great web site and you may want to browse thru the entire site.

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty

Sunday, July 5, 2009

CLARIFICATION OF BBA

As I went thru offices this past month, I discovered that many agents are not aware that the Buyer-Broker Agreement (BBA) needs to be submitted to the office for Broker review and compliance with ADRE law, 32-2151.01 A,

Broker requirements; record keeping requirements. And of course D of this section;

All licensees shall promptly place all cash, checks or other items of value received as payment in connection with a real estate transaction in the care of the designated broker.

Some agents may believe that they can take money as a retainer fee and NOT turn it into the office. Please read the law book and there is one provided in each office for you--since that is also a law.

Turn ALL contracts into the office for filing!

The Buyer-Broker Agreement is available on Zip Form.

It is attached to this email also!

Thanks--Bob

BEGIN--THE REST IS EASY
Bob Stephens CRB e-PRO
Managing Broker
West USA Realty