4/3 10 17/2020 X X Agenda Greetings Welcome New Members to USREOP - - PowerPoint PPT Presentation

4/3 10 17/2020

X X

Agenda

Greetings – Welcome New Members to USREOP Conference Calendar – Upcoming Conferences/Events Economic Outlook – Where are we & what’s coming? Monthly Topic – Covid 19 Resources/Stimulus

Greetings

Welcome to the Call

New members: If you know someone that you feel would benefit from

being associated with this AWESOME GROUP

Refer them to Mary and Angela

Conference Calendar

Best Source: https://www.usreop.com/events/list/ Green River Capital Symposium (SLC)

3/11/20 – 3/13/20

US REO Partners Luncheon (SLC)

3/11/20

California MBA Legislative Day (Sacto, CA)

3/23/20

The Five Star Government Forumn (D.C.)

4/1/20

NRBA 19th Annual Education Conference (LV) 6/3/20 – 6/6/20 REOMAC 7/18‐7/20 @Gaylord Rockies, Denver USREOP Client Appreciation & Charity Event (Dallas)

9/13/20

Economic Outlook

Here in WA we have been deemed “Essential”

Can Allow Showings No Open Houses Only 2 in a Property at a time Do everything remotely that we can.

The Market Slowed about 30%, but stabilized and is now growing. We track each of the following daily:

New Inventory New Pendings Price Increases/Decreases New Cancellations/TOMK Closings

Economic Outlook

This then allows us to speak intelligently about the

market:

41% Increase in New Inventory from the week of 3/30 to

the week of 4/6

Historically there is a jump in showings of 10% following

Easter, but this year it was 29%

Which indicates that there is pent up demand We can speak to the 30% decline in listings to the

stabilization to the return!

Monthly Training

Be a Resource

We Are All Resources for a variety of people

Asset Managers Retail Clients Agents Sphere of Influence Family Friends

Be a Resource

Part of Being a Resource means

Assessing the Present Predicting the Future Offering Guidance So…

Let’s Make Sure We Are Giving Good Advice!

Available Aid/Options

Potential for Forbearance

Varies by Servicer Varies by Loan Program Within the Same Servicer Make them call THEIR Lender

Not just listen to what someone else said!

Check with Fannie/Freddie Before they Call

Available Aid/Options

FNMA - https://www.knowyouroptions.com/loanlookup FHLMC - https://ww3.freddiemac.com/loanlookup/

Available Aid/Options

Stimulus Funds for Individuals

CaresAct Checks ‐ $1200 if < $75k in income, plus

$500 per child under 16 – these are already going out

Enhanced Unemployment – eligible recipients will

get an additional $600 per week until 7/31/2020

Has been expanded to include Self Employed and 1099

Available Aid/Options

Stimulus Funds for Businesses

Closing

Does anyone have a struggle that they want this

POWERFUL Group’s ideas on?

Ed’s Contact Details

E: ed.laine@hometownadvisorre.com P: (206) 229‐5515 A: 2331 130th Ave NE, Ste. 100, Bellevue, WA 98005 Service Area: King, Pierce, Snohomish Counties (and

beyond for some clients…)

For Training Videos: https://www.youtube.com/user/MrEdlaine1967/ For Blog: https://www.realestateanswers.guru/