People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform you Ownit Mortgage Solutions will cease operations on December 6, 2006.  For the past three years, we have pursued a mission to influence the mortgage industry toward increased affordability options for a changing market of home buyers.  Change takes time, and we are saddened that the current unfavorable conditions of the mortgage industry did not afford us sufficient time to see our mission through." There are many rumors about what happened; most focus on Ownit being overwhelmed by repurchase requests.       People in the industry should be cautious in each and every move they are taking.  I think a lot for foreclosure,and default would be coming in the market.  It's... 12/06/2006

Need Help With A FORCLOSURE??I have been working with the real estate investor who has studied the foreclosure process. We are familiar with the procedure and understand the many ways in which owners can halt the foreclosure and perhaps save their property and equity. It is in our practice to contact owners who have received official notice of a pending foreclosure. We believe we may be able to help you by providing information about your foreclosure options. Sometimes excellent investment opportunities are found when owners have decided that they no longer wish to keep their property. Specifically, there are eight actions you can take when your home is in foreclosure. We would like to share these options with you at no cost or obligation to you. We do this to increase our chances for i... 12/02/2006

don't over trust your realtor. they are in the business of making money... and make sure .... that would be your money...thinking that you know better that your real estate professional. that is really bad in your part~ but being able to know how everything. they are (real estate professional~ name~ly: realtor, mortgage broker, escrow officer,...)over extending your self. i did it ! so i know it really hurts. "ask me, i'll tell you!"being not the motivated. if you are not motivated. forget it.not in control of your desire. must be prepared to take control of your self, the real estate, etc. "don't brag, i think I am better that you?prepare to take risk. you better have to. "my parents think, i am nuts"get an advice. you better have to take advice. if not your a history.give me an advice... 11/25/2006

Foreclosure has been steadily going up, the economy is uncertain, with Bernanke still guessing what to do the with the short term rate. Who are we to blame for this biggest real estate appreciation of the history, closing with a bust! Is that the irrational exuberance of the peoplewho invested their money. Seeking financial boost for the nest egg. A lot of questions would be lingering within the coming months.Help would not really come from uncle bernanke, nor the government would take any steps to curb the number of foreclosures in the market. With the war still at peaks, and recession on his in the country, for the growing number of people who are agitated with the discount rate being up for almost 21 straight months straight.We need to get a help or atleast a guidance from the govern... 11/25/2006

  To be in the top you need to have a good business strategy.  You have to attack, and check the balance every time in order for you to suceed in the business.  Starting alone is really dificult and fun.  You are doing a one man show!  As you intend to grow, you would not have enought time with your works.  The stategy changes from there.  Subordinating- would help> in regards you need to find some one who is really reliable, your ability to change and maneuover changes simultaneously.Adapting- would> play a key role in this stage. Speed-> keep others disadvantage in to your advantage.  Be fast, quick and precise with the clients, and all your work.. Why> ask- yourself. everytime you miss some thing? WHY and WHAT happened. Communication- Keep an open communication, let every one knows e... 11/25/2006

Build-to-lastI was wondering the other day, how all the company in the fortune 500 started. They have started some where. It has always been my fascination to be a business maverick. I call it the most important "feat for me". I have always dreamed big about myself.As every big company has it, they have to build a character in order for them to leap from the average, or mediocre. It is more of practical, and the transition has to be really fast. You have to let your colleagues, and subordinated adopt really fast, in order for them to sucked in this cutting edge game."new ideas" to adopt, and how you picture it! When we access to vision that's where reality comes in to work, with added perseverance. You can see your work coming in to manifest.These are the trait's you can see for an enti... 11/25/2006

Getting Out of the Commodity BusinessWhat you sell should be re-packaged and re-invented to differentiate it from competitive products and make apples-to-apples comparisons difficult or impossible.           The worst thing a business can do is be just like everyone else.  And the worst reason your customer can have for buying your product is that it's the cheapest.  Live by cheapest price, die by cheapest price.           There are many, many product categories that are commodity items.  My definition of a commodity is something that can basically be bought and sold by the pound from a half dozen or more companies. The Pathetic Life of the Lowest Bidder ! raman kandolahttp://www.kandolamortgage.com/  11/25/2006

This is my first blog entry.  I'm writing from Evergreen Valley, San Jose, CA and am excited to be a part of this growing network.  Evergreen in San Jose is a a thriving community of new homes and exciting amenities.  One of the most significant growth factors in the last several years has been the great appreciation rate , of not only housing prices, but also API scores.  Evergreen schools are among South San Jose's highly sought after school system. More about Evergreen's spectacular API growth in the coming posts.  Again, welcome to this post and hope to interact with the community soon.  Ken Bui, Evergreen Broker  11/21/2006

        I have been battling with realtor(s) for the past four (4) years, for the rates, and strustures of loan in thefinancing circle.  Foreclosure's now coming in a big way, so is hard money coming every out.  The same realtorsI have been dealing for the past four to five years have been facing a problem with the "hard money" interest rates.  For those realtors who have made "ka-ching" during the boom time, has been having a problem considering the rates from the hard money.      They have to realize they can not sell this notes in the secondary market at all.  It is not all ways a no-doc loanthey look at the ltv, even though it is high interest loanthey look at the propertythey look at the circumstances of the loan           But it is win-win situation for the principal, and the lend... 11/19/2006

Sellers prepare to sale in today market Most sellers wish they had planned to sale their home last year.  This year is a challenge to sale your home if you don’t price right.  Most sellers makes mistake by pricing their home with last year price.  You may be in denial; denial may cost you money if you don’t follow what experience REALTOR® suggestion or recommendations. Inventory is almost double from last year and fewer buyers are on the market.  That will leave potential buyers with more choices and you should anticipate longer to receiving an offer. The average days on the market are between 40-50 days. Seller should prepare to choose a REALTOR® that will provide the following CMA, help prepare your home in a perfect condition, and great marketing campaign in a slow market. What is C... 10/16/2006

 In a Seller Market, a buyer has to have every document ready, prepare beyond other buyers bid, and hope that alone will be enough to get an offer accepted.  For example, last year (2004-2005) multiple-offers is common.  In order for buyer to purchase a home he or she has to have pre-approved letter, write a personal letter to the seller explaining why you want the seller property, and often time no contingency on the offer.  Not to add, you over bid the asking price, and does this sound familiar. In today market, inventory is plenty, and homes are on the market twice as long.  Look as thought the market has shift to buyer market or balance market in some desire area.  The question is still remained, should the buyer need to prepare all documents while in the buyer market?  Such as pre... 10/15/2006