Archive for Personal
Jeff Kaller on NBC, Fox News and Faith-based TV Atlanta today
Posted by: | CommentsOk, my devilish good looks are superceded by my message… Enjoy!
If you’re anywhere near Atlanta, 2 Weeks to Wealth starts Saturday, 9:00 AM at the Westin Buckhead, Atlanta. Call 1-800-592-3334 RSVP. I’d love to see you there.
- Jeff Kaller
http://twitter.com/thejeffkaller
http://www.facebook.com/jeffkaller
Is the recession over? You tell me…
Posted by: | CommentsIs the recession over? You tell me.
Check out this “newstory.” http://www.newsweek.com/id/208633
Economic futurist Harry Dent (who’ll be speaking at 2 Weeks to Wealth) thinks we have a long way to go before the recession is over. And he’s predicted every boom and bust in the last 25 years.
But really the only thing that matters is YOUR reality. Are you feeling less stressed financially?
Are you cutting, scrimping and making due?
Did the government’s economic stimulus effort help you or your company like they did in the article?
Do you see any light at the end of the tunnel?
Or is this a false “rally?”
Personally, I’d be the first to throw a “recession is over” party, but my gut’s telling me different.
But again, you tell me. I’d love to hear your comments.
- Jeff Kaller
http://twitter.com/thejeffkaller
http://www.facebook.com/jeffkaller
The Inner Game of Short Sales?
Posted by: | CommentsI have been thinking a lot about improving my game.
My inner game that is.
One doesn’t have to a financial genius today to know that things are bad and going to get worse before they get better, especially in real estate. Read about it enough and it’s enough to get you down.
But please don’t allow it to.
It may seem overwhelming, and it may also deeply affect you personally, as well as financially.
But the key is to focus on what you CAN do.
I think these are times that test a person’s mettle. Their ability to decide, commit, and to preservere until the goal, whatever it may be, is finally reached.
There’s a lot of fear out there right now. Things that can keep you from focusing on things you CAN do.
Don’t let it.
When I was suffering cashflow problem and foreclosure was starring me in the face, you bet I was scared.
My mettle has been tested on many an occasion in my life. To ultimately succeed, what I tend to do is focus on my previous successes where I did take action, where I DID succeed, despite the challenges and despite the odds.
In short sales, you can also be challenged. In fact it’s quite easy to be. (Ask me how I know?)
But I have to say that the resources and opportunities you have today dwarf what I had even 3 years ago. But the people focusing on short sales today and know what they are doing, are reaping the rewards of their efforts.
They focused on their training, they focused on their success-oriented mindset, they focused on the opportunity, and then let nature and God take care of everything else.
To the point: No matter how much money you have or may not have, you do not have to let this economy or situation get to you.
I hate to sound like a motivational speaker, but success (and wealth, for that matter) really is a mindset, not just an outcome you want.
- Jeff Kaller
Short Sales Students doing well and making a difference. I’m happy!
Posted by: | CommentsPeople deserve to succeed in short sales. Many struggle and with 31% of existing home sales being short sales, the industry is having a tough time transitioning to this phenomenal influx of properties.
Enter Hunter Paschall. He’s is one of my students. And he’s gone on to do great things for his clients as well as himself.
Hunter’s out there making a difference.
Go here and watch the video:
http://karcg.wordpress.com/2009/08/26/stop-the-bank-from-taking-that-foreclosure/
Now, you may say the video is rather promotional. So what??? Who cares???
Let’s think about this for a second. Someone real and genuine was willing to get up on video and to the world tell people that Hunter knows his stuff. That he helped them tremendously with a short sale.
That’s impressive to me.
That may not be impressive to you, but my hat’s off to Hunter.
- Jeff Kaller
The Foreclosure, Short Sales and Deed in Lieu Numbers Tell the Story:
Posted by: | CommentsThe Foreclosure, Short Sales and Deed in Lieu Numbers Tell the Story:
As foreclosure moratoriums provided temporary relief to troubled borrowers earlier this year, two other kinds of home forfeiture–short sales and deed-in-lieu-of-foreclosure actions — rose sharply.
In a mortgage study released last week, federal financial regulators reported a 176% jump in short sales and deed-in-lieu proceedings from the first quarter of 2008 to the first quarter this year.
Short sales and deed-in-lieu actions require borrowers to forfeit their homes to eradicate their mortgage debts, generally for less than the full amount due.
Selling a home or handing it back to the bank in this manner does less damage to a borrower’s credit rating than a foreclosure, and can be less of a hassle for the lender.
In a nutshell, year-over-year first-quarter short sales jumped from 5,523 to 17,036, according to the report from the Comptroller of the Currency and Office of Thrift Supervision, the U.S. Treasury Department agencies that oversee banks and S&Ls.
Quarterly deed-in-lieu-of-foreclosure actions edged up from 1,065 to 1,158.
Completed foreclosures still far outnumbered the alternate forfeitures. They totaled 78,936, up from 76,548 in the year-earlier quarter but far below the high of 126,266 in the third quarter last year.
But things are NOT getting better. In fact, they will probably get worse.
Foreclosure statistics are expected to spike again soon as federal, state, local and lender-imposed moratoriums expire.
The regulators said their report covered 64% of current home loans in the United States. Astonishingly, they noted that most of the short sales involved borrowers with prime loans, not subprime or alt-A mortgages.
The press release here describes other facts and findings by the regulators. Here is a link to the complete 42-page report.
Now’s the time to invest. Steals not just deals.
- Jeff Kaller
