“onTrack CRM automated my lead follow up, created accountability, measured my results, and increased my lead profitability three-fold.  Its direct result was a six figure income, being in the top 3% of 6000 Realtors while working less than 30 hours a week.” Elliot, Realtor, Honolulu Board of Realtors

Research by Steve Murray’s Real Trends reveals that the average closing rate for Internet leads is just 2% to 6%, while those agents who diligently manage their leads convert 15% to 20%.

Wow. I found that statistic hard to believe until I saw my own conversion rates triple after getting my onTrack CRM.  Imagine how your income would grow if you could double or triple your conversion rate.

onTrack CRM puts you on the road to seeing those higher conversion returns. It gives you control of the lead conversion process. Purchasing leads is only the first step in a complex incubation process. As an integrated lead conversion system, onTrack CRM has the contact management tools you need to turn leads into sales.

If you’re spending money to purchase leads, then it is only logical to invest in a system to convert more of your leads into closed sales.

To close more leads you must be proactive in managing how your leads are handled. Purchasing leads is just the beginning. The critical work lies in incubation and conversion. Unfortunately, agents typically manage leads very poorly and don’t have the systems to effectively and efficiently convert them into closed sales.

Your leads are worth more than a bucketful of
hope and promises.

onTrack CRM combines sophisticated technology to effectively and efficiently manage your leads.  onTrack CRM provides a transparent system to automate how each lead is handled. Rules which you set alert you to keep lead contact records current. You can be certain that every lead is being constantly and continuously cultivated according to rules you set. You will have a much higher awareness of each lead creating an accountability, which in itself motivates you to give your leads more attention. onTrack CRM gives your leads the best opportunity to turn into closed sales.

Click Here for onTrack CRM ROI Calculator

Would you like to improve your investment portfolio’s performance?  Take a look at the information below and see what Reuters Financial News is calling “the buying opportunity of our lifetime.”

Would you like to know where you can buy real estate at less than 40 cents on the dollar and get double digit ROI’s as high as 20% or more?

What’s All the Excitement About?

Here are examples of properties already acquired by our clients or are available. Both properties were purchased for less than 40 cents on the dollar and each started producing immediate cash flows of more than $400 a month with ROIs exceeding 15%. . If it sounds too good to be true, it’s not. These are real scenarios of just two of our many investors.

Here are examples of what all the excitement is about!

* examples shown are for informational purposes only and should not be construed as any guarantee of future performance.

Call me today to learn how you can take advantage of this incredible opportunity. This is not a gimmicky sales program. It is a bona fide rare opportunity that, based on current activity, will probably end in less than 12 months.

For more information, contact:

Elliot Y.C. Lau, Realtor

Inet Realty

808-306-0666 Direct Line

808-792-3515 Fax

elliot@pr2k.com

Or at least according to Robert Prechter , who had forecast the 1987 stock market crash, and is chairman of popular technical research firm Elliott Wave International. It is not like the Legion of Doom really needs any more groupies, but if that’s the man’s opinion we will take it.

My long term opinion is that the bear market has several years left to run, and stock prices will go a lot lower," Prechter, said in a telephone interview. more…

WASHINGTON (AP) — The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday.

Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier, said foreclosure listing service RealtyTrac Inc.

By the end of the year, RealtyTrac expects more than a million bank-owned properties to have piled up on the market, representing around a third of all properties for sale in the U.S.

That’s bad news for anyone who lives nearby and wants to sell their home. While foreclosure sales are booming in many areas, those properties are commanding deep discounts and pulling down neighboring property values. "It has a pretty significant impact in terms of pricing," said Rick Sharga, RealtyTrac’s vice president for marketing.

RealtyTrac monitors default notices, auction sale notices and bank repossessions. More than 250,000 properties were repossessed by lenders nationwide in the third quarter, 81,000 of which were taken back last month.

Six states — California, Florida, Arizona, Ohio, Michigan and Nevada — accounted for more than 60 percent of all foreclosure activity in the quarter, with California alone making up more than a quarter of all U.S. foreclosure filings.

Detroit and Atlanta were the only cities outside California, Florida, Nevada and Arizona to make RealtyTrac’s list of the 20 hardest-hit metropolitan areas.

The combination of sinking home values, tighter mortgage lending criteria and an economy that many economists think has already slipped into recession has left hundreds of thousands of homeowners with few options. Many can’t find buyers or owe more than their home is worth and can’t refinance into an affordable loan, with the global credit crisis making loans far less available.

For those who can qualify for a loan, or have cash to invest, there are bargains to be had, especially in ravaged markets like Nevada and California. Last month, foreclosure resales accounted for more than half of existing home sales in California last month, as home sales jumped 65 percent from a year ago, while the statewide median home price fell 34 percent to $283,000, according to MDA DataQuick.

RealtyTrac, however, reported foreclosure filings in September were actually down 12 percent from August. But much of that decline was the result of new state laws that delay the foreclosure process. In California, for example, lenders are now required to contact borrowers at least 30 days before filing a default notice. A similar law in North Carolina gives borrowers an extra 45 days.

Still, that’s not likely to be enough to save homeowners who owe more on their mortgages than their homes are worth. Nearly 12 million of the 52 million Americans with a mortgage — that’s 23 percent of them — are in that position, according to Moody’s Economy.com.

It remains to be seen how much the government’s intervention will stem the housing crisis. Earlier this month, the Federal Housing Administration launched a program that aims to prevent foreclosures by allowing homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan. The bill is projected to help about 400,000 households.

Meanwhile, the Federal Deposit Insurance Corp., which took over Pasadena, Calif.-based IndyMac Bank over the summer, has been aggressively modifying troubled home loans since August in an effort to stave off foreclosures. Congressional Democrats are calling for that approach to be expanded as the Treasury Department buys billions in troubled mortgage debt as part of a $700 billion financial industry bailout.

By Alan Zibel, AP Business Writer

Notice of Defaults

Banked Owned Properties

Orange County

NOD List

NTS List

Banked Owned

Los Angeles

Banked Owned

Riverside

Banked Owned

San Bernardino

Banked Owned

List Update for May 27, 2008

Fannie Mae has informed lenders that it will require a minimum credit score of 580 for most loans it buys on an individual basis.  Previously Fannie Mae had no minimum score.

Credit scores or more commonly known as FICO scores provide the best guide to future risk based solely on credit report data. The higher the credit score, the lower the risk.  Credit scores range anywhere from 300 to 850.

Reestablishing credit after a foreclosure has also been changed.  Previously someone who has gone through a foreclosure had to wait four years before they could get a Fannie Mae mortgage.  That is now up to five years.

In other news, Fannie Mae informed loan services that it could exend forbearance periods on delinquent loans as long as six months so that the borrowers could find an alternative to foreclosure.

–

649,917

194

23.15

111.89

1

7,560

             30

17.14

291.91

2

37,239

             38

39.13

230.81

3

17,320

             44

1.34

134.40

4

5,113

             51

29.31

226.08

5

13,967

             55

14.46

134.62

6

12,402

             68

-22.01

-3.67

7

23,135

             70

46.33

294.06

8

10,926

             73

15.29

205.79

9

15,315

             74

48.36

251.50

10

12,666

             75

13.34

222.87

11

13,368

             77

36.79

85.69

12

3,812

             79

16.79

176.03

13

10,522

             81

48.03

248.87

14

11,703

             81

-2.86

153.37

15

4,299

             89

13.94

275.79

16

22,554

             91

13.71

68.70

17

32,177

           104

45.47

203.61

18

8,969

           105

-7.11

49.56

19

9,591

           107

56.36

268.18

20

4,955

           108

22.89

51.11

21

11,811

           110

9.61

127.05

22

15,108

           112

56.46*

546.19*

23

2,360

           115

37.85

109.96

24

6,330

           116

17.20

35.55

25

2,376

           125

319.05

331.22

26

2,514

           125

190.64

183.75

27

4,557

           125

26.90

64.16

28

4,745

           132

37.46

260.56

29

7,944

           133

4.90

47.80

30

4,739

           133

-8.92

123.43

31

2,720

           139

-20.16

69.05

32

5,338

           144

-4.46

53.92

33

1,921

           147

329.75

226.15

34

2,069

           148

-24.05

50.25

35

2,298

           152

158.78

328.73*

36

4,783

           157

278.10

325.53

37

1,877

           159

-33.89

38.52

38

1,790

           159

93.30

176.23

39

4,599

           167

4.43

11.90

40

12,468

           168

41.78

58.85

41

1,485

           169

10.24

72.88

42

17,602

           176

-5.54

48.20

43

6,625

           185

14.50

79.49

44

8,337

           185

-1.88

6.37

45

1,878

           186

226.61

359.17*

46

4,845

           187

12.49

61.93

47

4,323

           195

39.95

167.51

48

1,514

           204

15.05

79.60

49

2,147

           207

46.25

658.66*

50

3,050

           213

1.33

203.48

51

2,285

           214

184.91

247.79*

52

2,732

           216

225.24

275.27

53

3,098

           219

-1.05

0.75

54

1,864

           224

14.50

90.20

55

1,285

           226

14.53

141.54

56

2,608

           240

46.52

93.76

57

1,134

           248

7.59

25.72

58

1,509

           255

22.58

69.36

59

3,362

           259

-9.45

14.08

60

4,218

           261

19.42

435.28*

61

2,599

           284

1.68

9.02

62

1,581

           284

179.33

621.92*

63

1,057

           289

-8.48

43.61

64

1,041

           291

63.94

182.88

65

1,397

           293

-1.34

23.85

66

1,725

           298

40.02

13.64

67

3,352

           299

21.80

8.69

68

1,251

           314

-0.48

1.54

69

2,678

           326

41.02

148.42

70

3,980

           329

12.14

71.11

71

2,163

           338

17.43

154.17

72

2,688

           346

18.21

-3.97

73

1,664

           369

8.26

4.79

74

913

           380

16.31

33.87

75

1,142

           393

53.49

33.88

76

1,182

           425

206.22

1341.46*

77

635

           438

112.37

155.02

78

988

           446

-11.15

8.45

79

527

           455

575.64

997.92

80

8,738

           503

10.94

66.57

81

2,078

           517

7.78

40.98

82

3,064

           527

17.21

-29.64

83

995

           542

18.59

-7.53

84

1,095

           544

21.80

365.96*

85

550

           552

120.00

170.94

86

608

           622

147.15

447.75

87

1,662

           664

-9.13

-4.59

88

504

           686

-51.59

-42.73

89

381

           693

710.64

504.76*

90

351

           727

35.00

50.00

91

327

           748

28.74

57.21

92

360

           761

27.66

70.62*

93

677

           768

44.04

2.73

94

351

           889

40.96

31.46

95

313

           909

99.36

184.55

96

246

        1,013

-10.55

-51.95

97

386

        1,187

-24.02

-48.87

98

167

        1,542

-29.54

-43.20

99

155

        2,147

1.31

51.96

100

25

      12,328

-66.22

-61.54

Being in this situation myself, my goal was to invest this money so that when I was ready to buy my new home I would have enough money for a down payment that would make my monthly payment very small or if lucky have enough to pay for it in cash.

What was I thinking!  This would actually go against everything I believed in. For me leverage is key in getting ahead.  One example of this would be the “Tale of Two Brothers”.  

Only recently have I been introduced to a new way of mortgaging a home.  It’s called Mortgage 100 by Merrill Lynch.  Mortgage 100 is a 100% home financing program that allows you to pledge eligible securities instead of liquidating assets to make a cash down payment.

What’s great about this program is that you can keep yourself fully invested by leveraging eligible assets and holding them in a pledge account.  You can also continue to have the potential to earn dividends, interest and/or capital appreciation.  By keeping assets invested for long-term growth you can have the potential to increase your net worth.

Other perks of using this program is no mortgage insurance even at 100%, zero points to reduce your total out-of-pocket costs and no additional fees or higher interest rates.

If this type of financing does not fit your needs there is always the more traditional way.  Here is a link to a LENDER that I used a few times.  Great rates, great service, and the people are very easy to work with.

Good Luck!

However, conditions are different now and pose more of a risk in acquiring foreclosure properties. With the market stabilizingprices of foreclosures are often bid up to the market value. Be careful at the auction and don’t get carried away.

Since a Realtor is not handling the sale of the foreclosed property, there may be limited information available on the property. You also may not have the opportunity to inspect the property. Properties are auctioned off "as is" without any guaranties or warranties as to the title. As the purchaser you are also responsible in securing possession of the property. You may be faced with evicting the former owners from the property and the process can take months.

Lastly, the condition of the property you acquire may be unknown and you may be faced with doing considerable repairs. The owner who cannot make his payments, probably has not been spending money to maintain the property.

With the pitfalls involved with foreclosures, be sure to work with a realtor who is familiar with the problems and challenges.