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Help is Here for Your Underwater Home
March 14th, 2012, 2:16 pm · · posted by abarker
Is your home underwater? Having trouble making your mortgage payments? Is a loan modification an option for you?
The Orange County Register is hosting a Short Sale Seminar on Tuesday, March 27. the 90 minute session is free to home owners but seating is limited so RVSP is required.
A panel of speakers will cover topics related to solutions and options available to homeowners who are facing foreclosure.
Sponsored by The Core Realty Group of Teles Properties, the presentation will include a panel of experts in real estate, mortgage, real estate law, financial planning and credit repair.
The key speaker for the event will be Greg Corpodian, a short sale specialist with Teles Properties. His team, also known as The Core Realty Group will speak for 60 minutes and will have a 30 minute question and answer session after the presentation. Distressed homeowners will be informed about options and alternatives for navigating through this stressful situation.
“This is a tremendous opportunity for distressed homeowners,” says Mr. corpodian. “The Core Realty group will also provide access to their entire team of professionals.
Guest speakers include Nathan Warran and Eric Crisp of NJW Law Group, Financial Advisor Scott Hadley of Independent Financial, Mark Coats of National Credit Federation, tax consultant Patricia Leung, and Nicole Francis of Raintree Financial. If you, or someone you know, are having trouble making their mortgage payments, this opportunity should not be passed up. Please RSVP as soon as possible at http://www2.ocregister.com/promos/shortsale/ or by calling 714-796-5060.
If attending this informational session is not an option, you can also schedule a confidential consultation with Mr. Greg Corpodian of the Core Realty Group at 949-610-5575.
Posted in: Short Sale Seminar • foreclosures • Greg Corpodian • loan modifications • Orange County • Santa Ana • short sale seminar • short sale specialist • Teles Properties • The core Realty Group
Thursday, March 22, 2012
Sunday, March 18, 2012
Weekly Economic Update!
The luck of the Irish is certainly still with the bulls this year as they closed out yet another impressive week higher, and headed into the St. Patrick’s Day weekend feeling like a bunch of leprechauns that just found a pot of gold. (Happy St. Patrick’s Day, by the way!). When the bell rang on Friday afternoon, the major indices were flat for the day, but definitely winners for the week, with the Dow, Nasdaq and S&P 500 all posting weekly gains of aabout 2.4% each. Now that is a great way to start a winter weekend!
We had generally solid news all week, but Friday's economic numbers made stocks step back and take a breather. That was likely why we saw the roughly flat close on Friday. The economic news was not too bad, but it was the sort of news that makes even the most bullish of bulls scratch their heads a bit. The first unsettling news came from the University of Michigan's consumer sentiment report, which came in at 74.3; down from last month's 75.3 reading. It also was below the 76.5 reading economists expected, which was the first monthly decline in sentiment since August.
Economic news from the inflation front also left economy and inflation watchers with mixed emotions. The Consumer Price Index (CPI) rose 0.4%, and while it was below the 0.5% rise economists had expected, that rate still equates to 4.8% on an annual basis. It was also double the 0.2% increase we saw last month. The "core" rate that excludes food and energy rose just 0.1%, versus the 0.2% analysts had expected. Apparently, the 6% rise in gasoline prices we saw last month accounted for much of the spike in the standard CPI rate.
This definitely hints at inflationary pressures in the economy, and that is not what the Fed wants or needs right now. Maybe this was why we saw the yield on the 10-year Treasury spike from just below 2.0% in the past week or so to nearly 2.3%. Oddly enough, this spike in rates occurred precisely when precious metals prices fell this week. Oil keeps zigging and zagging, but it rose to around $107 per barrel. The interest rate scenario and the commodities markets are not overly suggesting inflation just yet, but they are worth keeping an eye on in the days and weeks ahead.
Bond guru Bill Gross from PIMCO was out there this week saying that inflation, higher interest rates and a weakening dollar were on the way. He said that the recent spike in rates might have been in anticipation of the "Operation Twist" bond buying by the Fed ending in the months ahead. Gross said that he thinks the Fed will HAVE to launch a QE3 program soon, or the Fed runs the risk of another BIG downturn in the stock market and a BIG upturn in interest rates. For this reason, the Fed sees more quantitative easing (QE-to-the-moon) sooner rather than later.
Call me or write me at (949)610-5575 or gcorpodian@aol.com
We had generally solid news all week, but Friday's economic numbers made stocks step back and take a breather. That was likely why we saw the roughly flat close on Friday. The economic news was not too bad, but it was the sort of news that makes even the most bullish of bulls scratch their heads a bit. The first unsettling news came from the University of Michigan's consumer sentiment report, which came in at 74.3; down from last month's 75.3 reading. It also was below the 76.5 reading economists expected, which was the first monthly decline in sentiment since August.
Economic news from the inflation front also left economy and inflation watchers with mixed emotions. The Consumer Price Index (CPI) rose 0.4%, and while it was below the 0.5% rise economists had expected, that rate still equates to 4.8% on an annual basis. It was also double the 0.2% increase we saw last month. The "core" rate that excludes food and energy rose just 0.1%, versus the 0.2% analysts had expected. Apparently, the 6% rise in gasoline prices we saw last month accounted for much of the spike in the standard CPI rate.
This definitely hints at inflationary pressures in the economy, and that is not what the Fed wants or needs right now. Maybe this was why we saw the yield on the 10-year Treasury spike from just below 2.0% in the past week or so to nearly 2.3%. Oddly enough, this spike in rates occurred precisely when precious metals prices fell this week. Oil keeps zigging and zagging, but it rose to around $107 per barrel. The interest rate scenario and the commodities markets are not overly suggesting inflation just yet, but they are worth keeping an eye on in the days and weeks ahead.
Bond guru Bill Gross from PIMCO was out there this week saying that inflation, higher interest rates and a weakening dollar were on the way. He said that the recent spike in rates might have been in anticipation of the "Operation Twist" bond buying by the Fed ending in the months ahead. Gross said that he thinks the Fed will HAVE to launch a QE3 program soon, or the Fed runs the risk of another BIG downturn in the stock market and a BIG upturn in interest rates. For this reason, the Fed sees more quantitative easing (QE-to-the-moon) sooner rather than later.
Call me or write me at (949)610-5575 or gcorpodian@aol.com
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