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guillermo ochoa: chuleta@radioformula.com.mx
prisa.es: vale madre esos teporochines Enrique Canales y Eduardo Tornel guillermo ochoa dj silencio igual y peor que eeeeeeeeeeeeeeeeeeeeeaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaiiiiiiiiiiiiiiiiiiiii chuleta@radioformula.com.mxweso@prisa.es
Bits & Pieces: hello...care to exchange link? if so let me know so I can add your link to my blog...tnx
Kerri: I was just journal surfing this morning and dropped in. You are definately out of our area :) but it sounds like you try to be an honest hard-working realtor.

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Sunday, November 30th 2008

11:10 PM

Code of Ethics and Standards of Practice
of the NATIONAL ASSOCIATION OF REALTORS ®

Effective January 1, 2008

Duties to Clients and Customers
Duties to the Public
Duties to REALTORS®

Where the word REALTORS® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE®s.

While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.

Preamble
Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which REALTORS® should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS®, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS® a common responsibility for its integrity and honor.

In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others. They identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. REALTORS® having direct personal knowledge of conduct that may violate the Code of Ethics involving misappropriation of client or customer funds or property, willful discrimination, or fraud resulting in substantial economic harm, bring such matters to the attention of the appropriate Board or Association of REALTORS®. (Amended 1/00)

Realizing that cooperation with other real estate professionals promotes the best interests of those who utilize their services, REALTORS® urge exclusive representation of clients; do not attempt to gain any unfair advantage over their competitors; and they refrain from making unsolicited comments about other practitioners. In instances where their opinion is sought, or where REALTORS® believe that comment is necessary, their opinion is offered in an objective, professional manner, uninfluenced by any personal motivation or potential advantage or gain.

The term REALTOR® has come to connote competency, fairness, and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations. No inducement of profit and no instruction from clients ever can justify departure from this ideal.

In the interpretation of this obligation, REALTORS® can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, “Whatsoever ye would that others should do to you, do ye even so to them.”

Accepting this standard as their own, REALTORS® pledge to observe its spirit in all of their activities whether conducted personally, through associates or others, or via technological means, and to conduct their business in accordance with the tenets set forth below. (Amended 1/07)
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Sunday, November 30th 2008

2:41 PM

Rates as of November 25, 2008, 12:34 p.m. Central:
30-Yr. Fixed (0 points):
Conforming:  5.375%
Jumbo:  6.750%
FHA:  5.500%

Now,  not to be 'One-Upped' by my competition, as well as in the spirit of the holiday season, I will pay for the cost to lower that historic low interest rate even further by 1% for the first 12 payments of the loan!!!  Yes, payments 1-12 are at 4.375% and payments 13-360 will be at 5.375%.
No gimmicks, no tricks, and no bull.

Obviously rates change on a daily basis, but the additional 1 point discount for the first 12 months will continue to be available until further notice.  This applies for either purchases or refinances, so feel free to tell everyone you know.
(NOTE:  interest rate is be based on credit profile, documentation type and loan to value.)

Lastly, do you want to know how the Fed/Treasury moves are effecting interest rates?  Check out this website for more information:
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/25/AR2008112500723.html?nav=igoogle

Call or email with any questions, and of course, if I can help you or one of your clients out.

And if I don't get a chance to talk with you prior, Happy Turkey Day...gobble, gobble!!!

 
Tammy Hajjar
Sales Manager / Home Loan Consultant
Assistant: Tony Borrello, 773-883-8026
Chicago Branch 326, Mail Code: IL1-910-01-00
Countrywide Bank, FSB
773-883-8024 Office
773-726-4374 Cell
866-408-4189 Fax 2073 N Lincoln Ave 2nd Flr
Chicago, IL 60614
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Sunday, November 30th 2008

1:53 PM

thankfully...

* If you woke up this morning with more health than illness
You are more blessed than the million who won't survive this week.

* If you have never experienced the danger of battle, the loneliness of imprisonment, the agony of torture, the pangs of starvation,
You are ahead of 20 million people around the world.

* If you attend a church meeting without fear of harassment, arrest, torture, or death
You are more blessed than almost three billion people in the world.

*If you have food in your refrigerator, clothes on your back, a roof over your head and a place to sleep
You are richer than 75% of this world's peoples.

*If you have money in the bank, in your wallet, and spare change on a dish some place,
You are among the top 8% of the world's wealthy.

*If you parents are still married and alive
You are very rare... especially in the United States.

*If you hold your head up with a smile on your face and are truly thankful,
You are blessed because the majority can but most do not.

*If you can hold someone's hand, hug them or even touch them on the shoulder
You are blessed because you can offer God's healing touch.

*If you can read this message you are more blessed than over two billion
in the world that cannot read anything at all.

You are so blessed in so many ways you may never even know...
May God continue to bless you now, forever and always.
~ Anon (If you know who created this, please let us know!)
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Friday, November 14th 2008

9:27 PM

Here are 2 big lending reasons why your buyers and sellers ought to use the rest of 2008 to maximum advantage.  Any sellers thinking of waiting to list in early 2009 ought to soberly assess the more rigid lending environment coming in 2009, and what that means to buyers.  This email addresses FHA, but changes are coming in Fannie/Freddie and Jumbo too. In future brief emails I will alert you to lending strategies that you can use to sell property faster. 
 
FHA -- lower lending limits and higher down payment in 2009
 
* You have until December 31, 2008 to take advantage of the $410,000 limit available now.  FHA is reducing its loan limits to $365,700 in January 2009 for one unit properties in Cook-DuPage-DeKalb-Lake-Kane-Kendall-McHenry-Will counties.  Loan limits on 2 units drops from $524,850 to $468,150; 3 units from $634,450 to $565,900; and 4 units from $788,450 to $703,250. 
 
* FHA can do condos if the Right of First Refusal clause is waived, and we can do Spot Waivers.  FHA loans are owner-occupied, and the buyer does NOT need to be a first-time buyer, and there is NO income limitation.  Alternative credit and a 580 FICO score is acceptable to most lenders.  Interested parties can pay closing costs.  Rates and documentation are virtually the same as Fannie/Freddie, about 6.125% for a 30 yr fixed.
 
* A 3% down payment is allowed today, and 100% of it can be gifted (not from seller) through December 31, 2008.  The down payment increases to 3.5% in 2009.
 
$7500 Tax Credit Gone by April 15, 2009
 
* Any buyers who have not owned a home in the past 36 months are eligible for a $7500 Tax Credit that can be applied to 2008 tax returns.  The $7500 is subtracted from the taxes that are owed, so this is not a deduction, it's a tax credit -- much more powerful!  The $7500 needs to be paid back, but over 15 years and without interest, at only $500 per year.  That is a great deal.  Buyers need to get busy making serious offers, and sellers should market this as a key selling point on all listings.  A reduction of $7500 in one's 2008 income tax is the equivalent of a $625/month reduction on one's mortgage payment in 2009.  Don't let this one get away!
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Friday, November 14th 2008

8:14 PM


This Month in Real Estate: SPECIAL EDITION - Part 2

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Friday, November 14th 2008

8:06 PM


 

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Wednesday, November 12th 2008

10:20 PM

Confidence Key For Today's
Buyers And Sellers
If there's one voice I'm willing to heed in the midst of a global financial crisis, it's Warren Buffet's. So I was encouraged when the Oracle of Omaha offered his sage and steady advice in a New York Times op-ed piece last month: "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."

Mr. Buffet was referring of course to his philosophy on investing; however, his comments could just as easily apply to today's real estate market. While many Americans are understandably apprehensive about buying or selling a home, I wholeheartedly agree with Mr. Buffet's view that those of us who have the confidence to act in today's uncertain market stand to gain the most.

For buyers, it's no secret that good values abound. If you are pre-approved for a mortgage and rely on your Realtor's thorough knowledge of local markets, you will almost certainly be able to take advantage of today's adverse economic conditions.

For sellers, it is absolutely critical to position your property as the best home, in a given location, at a given price. And for those willing to do so there is good news. One, Chicago once again is showing its resiliency relative to major markets across the country. Two, today's buyers aren't tire kickers; they're serious. But inventories will likely rise early in the year, as they do every year, so now is not the time to "test the market."

Finally, it's important to remember that the same conditions that make this a challenging time to sell will benefit that seller-turned-buyer even more in a move-up transaction.

If you have any questions about whether or not this is the right time for you to get into the market, please contact me. 312-203-3841

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Monday, November 3rd 2008

7:55 PM

We're just one day away from change.

Election Day is tomorrow -- Tuesday, November 4th.

We've asked you to do a lot over the course of this campaign, and you've always come through.

Right now, I'm asking you to do one last thing -- vote tomorrow, and make sure everyone you know votes, too.

Watch a short video about how far we've come, and how close we are. Then find or confirm your polling location and make sure your friends and family do the same:

 


When this campaign began, we weren't given much of a chance by the pollsters or the pundits.

But tomorrow, we can make history.

We've made it this far because supporters like you never stopped believing in your power to bring about real change.

Take the final step now.

Watch the video, find your polling location, and get everyone you know involved on Election Day:

http://my.barackobama.com/nov4

With your vote, and the votes of your friends, family, and neighbors, we won't just win this election -- together, we will change this country and change the world.

Thank you,

Barack

 

 


Look up your polling location.


 

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Wednesday, October 29th 2008

2:30 PM

 
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Wednesday, October 29th 2008

2:15 PM

REO PROPERTY

REO Property & Your Clients


REO stands for Real Estate Owned and it refers to a property that has gone back to the bank, or the mortgage company, after an unsuccessful foreclosure auction. For your clients, there are certain advantages to purchasing an REO property. Unlike foreclosures, the property can be inspected prior to the purchase and your clients can buy on their own schedule. Also, foreclosed property can be in a deplorable condition but bank-owned property is typically restored to a salable condition. Appliances are often included with an REO purchase. And all liens against the property or any unpaid taxes or fees are settled once the property becomes an REO.

Before an offer is submitted on an REO property, there are some questions you should have answered. Namely, you need to find out how the property got to where it is? Is it as simple as the previous owners were in over their head or is something wrong with the property? Also, ask if there are any inspection reports and whether the bank is willing to make any repairs.

When it comes time to submit an offer, encourage your clients to keep it simple and reasonable. Request an appraisal. REOs are generally sold “as is” but any offer should include an inspection contingency period. This allows your client to terminate the sale if unforeseen problems are reveled after the inspection.

If you have clients interested in REO properties, give me a call today. We have considerable experience in the REO property marketplace. We see the entire picture and place our focus on the details that are necessary to assist the borrower and the selling agent in placing an offer on an REO property. Some things we specialize include:

  • Assessing the properties condition in order to be financed
     
  • Determining the value of the property to be able to meet the lenders guidelines
     
  • Articulating concessions that might be asked from a seller to be paid on behalf of the borrower

Call me today for more information about buying an REO property!

Click here to visit my website and apply online:
 www.metrocitiesmtg.com

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