Larry Weichman’s Blog

Larry Weichman’s Blog

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AN EMPOWERING RELATIONSHIP!

Sports agent.  Talent agent.  Insurance agent.  Real estate agent.  What significance does the label “agent” hold, and why is it important when buying or selling a home?

 Webster’s dictionary defines an agent as “a person, firm, etc. empowered to act for another.”  For an “agency” relationship to exist, there must be a “principal” and an “agent.”  The principal is the person who empowers another to act as his representative, while the agent is the person empowered to act.

In real estate, an agency relationship is created when a seller signs a “listing agreement.”  The seller gives the broker authority to act on his behalf to locate a purchaser. The agent must be loyal to his principal, exercise competence, and when negotiating a sale, the agent must protect the principal’s financial interests. The agent must also treat all third parties honestly and fairly.

It is also possible for an agency relationship to exist between a buyer and a broker.  When this occurs, the broker’s fiduciary loyalty is to the buyer, and all sellers must be treated honestly and fairly.  In that case, the agent attempts to secure the lowest price and most favorable terms for the buyer, his principal.

Whether buying or selling, it is critical to understand which parties make up the agency relationships.  If in doubt, ask the real estate agent for a clarification.

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. This article was provided by the California Association of Realtors. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532 

3 More bank Repos Coming to the Market In Mesa Verde, Costa Mesa, California

We have 3 more bank repos coming to the market in Mesa Verde! This one is a 4 or 5 bedroom over 2,800 sq.ft. and the 2 car garage could be converted to a 3 car garage! Price has not been set by the bank yet! We think it will be coming on the market around $700,000! We also have 2 more in prime locations that we think will be coming on the market starting at $650,000 for homes that have at least 2,000 sq.ft. or more! To be the first to see these homes call me at 714-863-5739! Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. This article was provided by the California Association of Realtors. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

Top Real Estate Broker Has Opening For 1 Agent!

 

Join Our Team Larry and Laurie Weichman are seeking agent of all experience levels to join our team as a Buyer’s Specialist. We offer each new team member the opportunity to learn directly from Larry and Laurie and their top team of agents.  Our team excels at selling real estate with proven systems and techniques that we have developed and fine-tuned. We ensure that every member of our team is successful by providing them with leads and the tools for converting each lead into a satisfied customer for life.   Our team concept offers administrative support to handle the productive work so that all of our agents can focus on what they do best- selling homes. We truly believe that your success depends on the people you surround yourself with and the mentor you select.  Make the choice today to become a part of a highly successful team and call 714-241-4532 to talk to Larry and Laurie and schedule a confidential meeting today! If you prefer, please fax us your contact info to 714-242-SOLD or send us an email larry@teamweichman.com with your contact information and we will contact you.

Join a Winning Team! The Weichman Team is seeking a few select professionals to join our expanding team,   residential real estate leader, Weichman Associates Realtors. We strive to focus the collective talents, expertise and experience of all team members as a resource for our clients and customers, and to create an environment in which each team member can grow professionally and be successful, productive and fulfilled. From our office in Costa Mesa, we serve all of Orange County Some of our core values: Training and Technology: The Weichman Team is committed to helping you maximize your potential in the real estate business. We believe that team members can achieve their highest potential if given the tools and environment for success. We are committed in employing the best technology without sacrificing personal service. Quality of Life: We assist you in the development of your time management and goal setting. We will help you in setting client expectations so you don’t have to work 24 hours a day, 7 days a week. We believe that work should be fun, and we value creativity and commitment to each other in a team-oriented environment. Business Ethics: We adhere to the highest standards of ethics, integrity and honesty. We strive to be a good corporate citizen and encourage involvement by all team members in the community and the world at large. We are particularly sensitive to maintaining and growing our reputation, and accordingly we are seeking individuals with the highest integrity, professionalism and commitment to excellence. If you feel your qualifications meet our requirements, please apply online today!   Here are our current openings:   Full-time opportunities:   “Earn While You Learn” Position Description We have openings for people who want to make real estate sales their primary full-time career. No experience or prior sales experience is required. If you have the drive, motivation and ambition, we can teach you the skills you need to be successful in this business. Candidate Profile - Career Minded - Articulate - Goal Oriented - Self-motivated - Ambitious - Professional Attitude - Energetic - Great People Skills - Good Computer Skills - Proficient in E-mail and Internet Usage - Excellent Driving Record No real estate license is required for interviewing; however it will be required for hiring and commencement of sales training. If you do not have your real estate license yet, give us a call. We can provide you with any information you need on the schools in your area that offer the approved Real Estate Pre-Licensing Course. Submission Guidelines: Please email your resume to  larry@teamweichman.com..  No Phone Calls please. Those who disregard this request will be politely declined for further consideration. Due to the high volume of resumes we will not be able to respond personally to everyone. Buyer Agent Position Description 1 year experience or more in residential sales or rentals preferred. The Weichman Team offers the opportunity to earn an excellent income in a high-energy, hip, and fun environment. Our sales require excellent negotiation techniques, time management skills, computer proficiency and superior people skills. Benefits, Services, Support and Marketing Tools We are known for setting new standards for home buying and selling by using cutting edge technology, building teams of successful professionals and providing world-class customer service. You will maximize your time and production by using the technology and marketing tools we have in place for you. The Weichman Team provides a dynamic work environment that includes; * State-of-the-art computer and phone systems * Lead generation Programs and Marketing support * Well-trained Office Support Staff * High-profile Location Job Requirements * Active CA State Real Estate License * Familiarity with most Orange County neighborhoods * Basic computer and Internet skills * Bachelor’s Degree in Sales/Marketing (a plus) * Experience in another sales industry (a strong plus) * Possess above average integrity * Self-motivated Please email your resume to  larry@teamweichman.com..  No Phone Calls please. Those who disregard this request will be politely declined for further consideration. Due to the high volume of resumes we will not be able to respond personally to everyone.

     

(714) 241-4532

Toll Free (800) 283-1765 Ext.0

A Tradition of Success

1525 Mesa Verde Drive East, Suite 111,
Costa Mesa, CA   92626-5221

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TeamWeichman.com 

Costa Mesa Country Club to offer Tennis and Swim Camp

Summer 2009 Tennis & Swim Camp For Children of all ability levels from ages 5-16 Camp is held Monday – Friday Tennis Instruction from 9 am – 12 noon Supervised Free-Swim from 12 – 3 pm Certified Lifeguard on Duty Tennis Camp Counselor also present during Free-Swim    SESSION  DATES June 22 – 26 June 29 – July 3 July 6 – 10 July 13 – 17 July 20 – 24 July 27 – 31 Aug 3 – 7 Aug 10 – 14 Aug 17 – 21 Aug 24 – 28 Aug 31 – Sept 4 Please bring a sack lunch to camp each day! Drinks are provided.  $225 Non-Members / per week for TENNIS & SUPERVISED SWIM  $215  Non-Members / per week for TENNIS ONLY  Make check payable to Randy Myers and mail to:RANDY MYERS TENNIS SHOP  3000 CLUB HOUSE RD. COSTA MESA, CA  92626   To sign-up your Child / Children please provide: PARENT NAME / PHONE / COMPLETE ADDRESS / ZIP NAME & AGE OF CAMPER(s) SESSION DATES For additional information or questions call Randy at:  (714) 540-8633

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. This article was provided by the California Association of Realtors. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532 

New Foreclosure Alternative Program Just Annouced!

Good news from Washington, D.C., today. The Obama administration announced new details under its Foreclosure Alternatives Program (FAP) enabling servicers and borrowers to pursue short sales and deeds-in-lieu (DIL) of foreclosure in cases where the borrower is generally eligible for a Making Home Affordable modification but does not qualify or is unable to successfully complete the three month trial period. The program, effective through 2012, requires that prior to proceeding with a foreclosure, servicers must determine if a short sale is appropriate.

We’re gratified that the administration has recognized the need to streamline the short sale and deeds-in-lieu processes, and has provided viable options to homeowners who have fallen behind on their mortgages but owe more than their homes would sell for in today’s challenging market. We also appreciate the efforts of our colleagues at NAR for keeping this issue front and center in our nation’s capital.

Incentives in the FAP program include $1,000 for servicers for successful completion of a short sale or deed-in-lieu of foreclosure; $1,500 for borrowers/homeowners to help with relocation expenses; and up to $1,000 toward the cost of paying junior lien holders to release their liens ($1 from the government for every $2 paid by the investors to the second lien holders).

The FAP includes streamlined and standardized documents, including a Short Sale Agreement and an Offer Acceptance Letter to minimize complexity and increase use of the short sale option. Servicers will independently establish both property value and minimum acceptable net return, in accordance with investor requirements, based on an appraisal or one or more broker price opinions, issued no more than 120 days before the date of the short sale agreement.
 

In the Short Sale Agreement, servicers must give borrowers/homeowners at least 90 days to market and sell the property, or up to one year, depending on market conditions. The property also must be listed with a licensed real estate professional with experience in the neighborhood, and no foreclosure may take place during the marketing period, of at least 90 days, as specified in the Short Sale Agreement.

The Short Sale Agreement also must specify the reasonable and customary real estate commissions and costs that may be deducted from the sales price. The servicer must agree not to negotiate a lower commission after an offer has been received.  Servicers may not charge fees to borrowers/homeowners for participating in the program. Servicers have the option to require the borrower/homeowner to agree to deed the property to the servicer in exchange for a release from the debt if the property does not sell within the time allowed in the Short Sale Agreement, plus any extensions.

Additional details will be forthcoming. Please check back for updated information as it becomes available.

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. This article was provided by the California Association of Realtors. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532 

Costa Mesa Fish Fry is Coming May 30 & 31, 2009!

Costa Mesa Fish Fry is Coming May 30 & 31, 2009! 

62nd ANNUAL COSTA MESA/NEWPORT HARBOR LIONS CLUB FISH FRY 62nd Annual Costa Mesa/Newport Harbor Lions Club Fish Fry!!! Fish dinners!!!! Stage Shows!!!!!!! Baby Contest!!!!!!!!! Prize Drawing!!!!!!! And so much more! me out for tons of food, fun, games, rides & entertainment on Saturday, May 30 and Sunday May 31. This event will be held at 18th Street & Lions Park – the same location as always!!!!!! Saturday hours are from 11am – 10pm and Sunday from 11am – 9pm. Mark these dates on your calendars now so you don’t forget, this event is definitely a local community favorite! Be sure to come down for the great fish and hamburgers! See you at the event! Carnival Rides Open at 11:00 a.m. Saturday – May 30th 3:30/4:00 Raffle 8:00 Raffle Sunday – May 31st 2:00/3:00 Baby Contest 3:00/3:30 Raffle 8:00 Raffle Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

NO “CHICKEN LITTLE”

If you’re a homeowner, what do falling prices mean to you? You might assume that it’s a bad time to sell. But guess what? It could mean it’s the perfect time to buy the home of your dreams! Do the math, and you see that market downturns can actually work in your favor. Homes are listing at prices that are truly affordable. If you’ve already built equity in your current home, you could parlay that into the purchase of a terrific property. When prices do rise again, and you know they will, you will have made an excellent investment for the future. If the home you really want was previously offered at $500,000 but the price has fallen – let’s say 20% to $400,000 – that’s a sweet deal, even if your own home has lost some value. In any home purchase, there are usually some concessions: location, style of architecture, or any number of features. If you made some concessions when you bought your current property, and you can replace the negatives with the positive features you’ve found in another home, now is the time to make your move! Once the market turns around – and again, you know it will – you’ll find your appreciation will be greater in the new, larger home. It’s an upgrade at an opportune time that makes good investment sense. Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

Newly Listed 3 Bedroom! Beat The Bank in Costa Mesa!

Newly Listed 3 Bedroom corner lot home! Beat The Bank in Costa Mesa California! Just listed today! Costa Mesa 3 Bedroom, 2 Bathroom home! Freshly painted, all the ceilings have been updated on the corner lot single story home! Walking distance to park and community lake!  Offered at only $465,000! Be the first to see this beauty! Low as 3.5% down on special financing!Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532 

Italian TV Comes to America to Talk About Foreclosures and Short Sales!

This TV show in Italy is like our 60 minutes.  The TV crew was touring America talking about our financial hardships that we have been experiencing here for the last year.  I talked to them about bank foreclosures and bank short sales.   Here is the link for Italian TV.  Click on the small screen at the middle on the left to load up the video.   Start 1:13.45 and go to 1:17   http://www.annozero.rai.it/R2_HPprogramma/0,,1067115,00.html

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532