Duane's Thoughts for the Day May 18TH

“It’s a great day to be in real estate! Duane Beisner here… sales manager and a sales representative for ERA real estate.

Duane’s Quote of the Day

If you judge people, you have no time to love them.
Mother Teresa

Duane’s Joke of the Day

A couple trying to break into society hosted a dinner party.

As the guests were enjoying their dinner salad, the maid called the hostess from the table. The maid informed her that the cat had climbed on the kitchen table and eaten a large portion of the salmon's mid- section.

The hostess decided to fill the eaten portion with some canned salmon and other camouflage.

As the guests were enjoying the fish, the maid called the hostess into the kitchen and announced while wringing her hands, "Madam, the cat is dead."

The hostess and her husband informed the guests and suggested it might be best if everyone went to the hospital and had their stomachs pumped.

Returning home, the couple asked the maid where she had put the cat. "It is still out on the road where the car ran over it."

Duane’s Social Commentary

10 Golden Lessons from Steve Jobs

 

1. “Innovation distinguishes between a leader and a follower.”
Innovation has no limits. The only limit is your imagination. It’s time for you to begin thinking out of the box. If you are involved in a growing industry, think of ways to become more efficient; more customer friendly; and easier to do business with. If you are involved in a shrinking industry – get out of it quick and change before you become obsolete; out of work; or out of business. And remember that procrastination is not an option here. Start innovating now!
2. “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”

3. “The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”

4. “You know, we don’t grow most of the food we eat. We wear clothes other people make. We speak a language that other people developed. We use a mathematics that other people evolved… I mean, we’re constantly taking things. It’s a wonderful, ecstatic feeling to create something that puts it back in the pool of human experience and knowledge.”

5. “There’s a phrase in Buddhism, ‘Beginner’s mind.’ It’s wonderful to have a beginner’s mind.”

6. “We think basically you watch television to turn your brain off, and you work on your computer when you want to turn your brain on.”

7. “I’m the only person I know that’s lost a quarter of a billion dollars in one year…. It’s very character-building.”

8. “I would trade all of my technology for an afternoon with Socrates.”

9. “We’re here to put a dent in the universe. Otherwise why else even be here?”

10. “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

Duane’s Real Estate News! More than 7.3m mortgages in the US are non-current or in REO status through March 2010, according to the Lender Processing Services (LPS) Mortgage Monitor report.

Data and analytics firm LPS reported the modest improvements in the amount of loans becoming current has been overshadowed by this large pool of non-current assets, which represent more than 12% of all active loans in the country. The volume of distressed mortgages is up 19.3% from a year ago.

The amount of REO’s in the US as of March reached its highest levels since 2008, according to the data. Since the beginning of 2008, when LPS measured more than 675,000 REO’s, the volume has increased 62.2% to more than 1.09m properties.

	The amount of delinquencies in March decreased 10.3% from February but remains 15.7% higher than levels measured a year ago. The foreclosure rate in March also dropped 3.27% from the month before but increased 32.9% from last year. In addition, LPS reported a positive impact from the Home Affordable Modification Program (HAMP). The amount of early-state cures – meaning loans that are brought from 30-or 60-days delinquent to current status – increased, indicating a higher rate of self-cures.
States with the most non-current loans were Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, Rhode Island, New Jersey and Michigan. Across the country, 16 states showed an increase in the number of non-current loans.
North Dakota, South Dakota, Alaska, Wyoming, Montana, Nebraska, Vermont, Colorado, Iowa and Minnesota had the fewest non-current loans, but hold significantly lower populations. What does this mean for you? There’s never been a better time to begin investing in Foreclosures. My advice to you is to always keep up with the never-ending changes in policies, laws and other conditions that affect our market like watching my videos and reading my blogs.

This is Duane signing off. Happy Trails to you! As always, proud to be an American. You can email me at duane.beisner@era.com  Or visit my website at www.rejedi.com

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