banks: SQUATTERS DON'T KNOW DIDDLY SQUAT - 10/09/14 02:20 PM
No longer will the hands of banks and private owners be tied and subject to injustice in regards to invaders entering into a residential property and being able to stay there without fear or consequences. Squatters, trespassers and home invaders regardless of their tactics have finally been check-mated
WHAT THE HECK TOOK SO LONG?
This has been a huge problem in the Real Estate industry for decades especially during and after the most recent devastating Real Estate crash. I am sure everyone remembers the oft used saying..."possession is nine tenths of the law" meaning whoever is in possession, rules the roost. Well its true!
THIS BOGGLES THE … (7 comments)

banks: SENSING A MARKET SHIFT OF SOME SORT? - 05/06/14 08:09 AM
We just came out of the mother of all Real Estate cycles that devastated banks, lenders, investors, insurance companies, buyers, borrowers and sellers leaving the Real Estate wounded and dead all across the United States and even overseas too
PREY TELL?
The third leg of the stool of the United States which is Real Estate and all its related and relevant industries were knocked around and then down and stayed down for years. Brutal this Real Estate cycle was because it was manipulated by opportunists that saw and seized on a weaknesses in the systems that specifically guard against this type of failure. Government wasn't governing
HOW CONVENIENT
Remember, when the crash … (8 comments)

banks: REMEMBER WHEN BPO'S CAME OUT? - 12/13/13 04:17 PM
I couldn't believe it. Banks were willing to PAY an agent for his opinion? Made perfect sense too. WE KNOW STUFF! I thought that a great way to supplement my income in a crashing market. So, what do you have to do? Contact a bank and get on their radar. Easier said and done. If & when you did sign up, you would always be looking for notifications
THE HARE WINS THIS RACE
Here's the rub. Every-time I got an email from the diffrent banks saying a BPO opportunity is available please respond, I was always too late. Someone got there before me. Okay, I … (9 comments)

banks: ITS MY FAULT FOR HAVING $100 - 11/05/13 09:17 AM
I went to a place of business for fun. I was going to purchase something and stood in line. The names and locations are not disclosed to protect the innocent. I wait and wait at this busy place and then my turn comes. Me and my wife, in our sixties, low key, honest decent people out spending money order up. I go to pay with a hundred dollar bill
WANTED
I am a criminal now. I am told with expression and attitude...WE CANT ACCEPT THAT. It is like I did something wrong and got caught. I am bothering someone. I have violated a policy … (14 comments)

banks: MY CLIENTS GOT THEIR FORECLOSURE CHECK - 05/24/13 07:15 AM
I blogged about it, I fought for it, I stood hard and unwavering and was knocked down, hung up on, made fun of and thrown to the streets. Got up, did some reality math which added up to this: My clients were lied to in 2007 and foreclosed upon when they were told all was okay and their mod was approved and in the same breath a trustee sale was held and my clients booted out like trash...We took the beating and left the meeting
HAPPY DAYS ARE HERE AGAIN
Well they got their compensation and are very happy. Rust consulting … (7 comments)

banks: THE FORECLOSURE WARS 2006-2012 PART 3 - 04/04/13 06:37 AM
Parts 1 & 2 led us to this point where foreclosed individuals were visited up close and personal by agents all over the Unite States. I remember the injustice of this particular foreclosure at the time. My clients called the bank AHEAD of time to work something out. The bank thought they were crazy and refused to even discuss it. This was at the beginning of the Foreclosure debacle that was to last 7 years and create a business called short sales, boost REO's and make foreclosure a household word...all for the wrong reasons
CRIMINAL ACTIVITY
What we find out later … (16 comments)

banks: THE FORECLOSURE WARS 2006-2012 PART 2 - 04/04/13 06:36 AM
We learn in part 1 that there is always a calm before the storm. In this case there was an arrogant calm fueled with artificial stimulus and fraudulent tactics inducing people to purchase and borrow against assets all across America. Equity in the amount of trillions of dollars was singled out by Wall Street and tapped into to produce incredible never before profits making tens of millions and even billions for executives and investors alike
THE PERFECT WAVE IS ABOUT TO CRASH
Meanwhile, something strange happened. Someone turned on a light switch and people were starting to see clearly that what … (2 comments)

banks: THE FORECLOSURE WARS 2006-2012 PART 1 - 04/04/13 06:35 AM
It started out innocently enough. It was 2006 a time still of prosperity, jobs, opportunities and investments plus all type of adult toys beckoned. Wall Street had chased away many investors right into Real Estate and the ones that got in early did very well.  For the homeowner to be...If you could prove you are breathing, can sign your name and state you had a job, you could qualify for a loan of up to $500,000.00. Don't worry about a thing was the mantra
PROSPERITY IS IN THE AIR
Well people went out looking for homes and before they could write … (2 comments)

banks: THIS GROUP LOVES MONEY AND NOTHING ELSE - 03/18/13 06:06 AM
Now here is an unlikely group that is not drawn together out of love...This gathering and those that attend it are drawn together over one thing...this glue that binds them all and that be $$$ MONEY$$$. Whether it is to borrow it, guarantee it, make more using it, or charging for it...it requires that everyone play their part for it to work as expected
THE BORROWER
The borrower needs a loan so that they can have better access to the American dream which is to own something in America or perhaps just make an investment for long term planning. It is … (4 comments)

banks: DEMAND FOR REAL ESTATE INVENTORY STRATEGIC - 02/14/13 06:42 AM
I am suspecting that the banks held up and are holding up inventory in a strategic move some seen coming from 2-3 years ago. Think about this statement for just a moment.  It makes sense to freeze the product thus controlling supply and demand and creating the value after that. Only someone who has that much gold can make the rules such as this one. He who has the gold rules....
NEW LAWS WERE PASSED
Two to Three years ago, it was a frenzy with short sales, defaults, foreclosures abounding and banks breaking the law while handling them all. In the … (8 comments)

banks: MONEY UNDER THE MATTRESS IS NOT URBAN LEGEND - 01/23/13 07:04 AM
If not taken literally, the title of the post means money that can be accessed easily, quickly and without effort. This has been a problem going back thousands of years and to this day too. Even the Pharaohs were daunted with this and came up with a strategy of being buried with it in seal-proof burial chambers (pyramids) so they could keep what they had
$$$ CAN YOU GET TO IT?
Well that didn't work very well because everyone knew were the goodies were. All you had to do is wait until the guy died and then spend the rest of your … (36 comments)

banks: SPANISH LOCKSMITHS REFUSE TO DO LOCKOUTS - 01/14/13 02:18 PM
I am reading that in a city in Spain, the local locksmiths all got together and decided they would not do anymore evictions for the banks. It took them just a few minutes to all agree and then vote it into action. What was compelling and driving the action you may wonder? TO SEE FAMILIES, WOMEN, CHILDREN AND MEN DISPLACED and humiliated while they were thrown into the streets
THE BANKS MAKING OFFERS TO GOOD TO PASS ON
The banks in Spain followed suit after their AMERICAN counterparts and offered 100% financing to anyone who applied for a home. Everyone did and … (11 comments)

banks: WHAT HAPPENED TO THE 25 BILLION DOLLARS - 01/07/13 10:55 AM
The banks were found guilty of cheating, abusing, misleading, bait & switch and out right fraud and were the main cause of the most recent crashing of Real Estate and the dispossessing of tens of millions of people out of their homes using highly questionable tactics and procedures. The result was they all plead GUILTY and agreed to fines totaling $25 billion dollars
A LITTLE LATE FOR SOME
So far so good you would think. Well for the ones that had to spill foreclosure blood and who paved the way with heartache and suffering, the money and the opportunity to resolve major … (0 comments)

banks: PUTTING YOUR FINGER IN THE PIE...pricing the value of a home - 12/03/12 06:58 AM
That is how people used to tell way back when what kind of pie it was. THE POKE IN THE PIE DOESN'T LIE so to speak. If there is apple on your finger, well we got an apple pie on our hands. Now, in Real Estate, many buyers, sellers, lenders and appraisers are really not sure what a price value (pie) might be. After all, everyone has their point of view
VALUE IS IN THE EYE OF THE BEHOLDER
As agents, we have access to the data and if the subject property is local to our area, then we have a hands … (3 comments)

banks: OVER BIDDING OR PAYING FOR A HOME LET'S TALK - 11/01/12 07:39 AM
 I recently did a feature  BUYERS MAKE AN OFFER THAT SEALS THE DEAL  were the point of perhaps over-paying for a home made sense. When someone finds what they want, the next step is to purchase it. What they don't expect to find is a TUG OF WAR for the item. In this post, a word of caution to those that want their dream purchase and will pay a little more for it
THE CRASH...
We just came out of a severe REAL ESTATE CRASH. It crashed landed because it couldn't support the weight of being overpriced and out of reach … (6 comments)

banks: YOU LOST THE HOUSE NOT THE AGENT - 10/23/12 08:07 AM
I attended a complaint hearing where the buyer who was rejected brought a complaint against the selling agent. This rejected buyer insisted that his agent file the complaint. The basis was that the house sold for less money than the rejected buyers offer and he couldn't understand why the highest bid was not accepted (his) by the bank in this short sale
LESS EMOTIONS...MORE FACTS
The communications between the agents was present, but not optimum. You see they let their argument control the discussion instead of the facts which I will reveal. If they were calm and communicated, it all would have … (9 comments)

banks: YES REAL ESTATE IS SHOWING ACTIVITY - 10/18/12 07:18 AM
The activity is hard to deny...What is causing it and how long it will last needs to be addressed. We just came out of a market with artificial supply and demand at work....Caution here. We know a few things that remain reliable. For one thing, interest rates are low and that is a huge factor in purchasing. For another, we are now paying what a home is really worth
WELCOME BACK THE FIRST TIME BUYER
First time buyer activity is ramping up. People are just happy to be able to afford buying a home again. For a while, things were highly … (9 comments)

banks: ARGUMENT TO STRATEGICALLY DEFAULT AND WALK AWAY part 2 - 10/15/12 09:46 AM
In part 1, we discussed how the timing to walk away for us all from the current downside of the Real Estate crash is upon us all and should be addressed. Morals and ethics presented this position from being addressed a few short years ago. However, today, we are compelled to examine this
WHAT TO DO EXAMPLE
Lets look at it up close. Two people bought homes in the same neighborhood for $500,000. Today, those homes are worth $250,000. One person goes into default, foreclosure etc while the other makes the payment. Here, your gut screams out that something is wrong … (7 comments)

banks: ARGUMENT TO STRATEGICALLY DEFAULT AND WALK AWAY part 1 - 10/15/12 09:45 AM
On or about 2006-07, defaults started creeping into the Real Estate arena with an alarming speed. People faced two very big dynamics. First, they had lost their jobs or had reduced incomes and second, their homes were no longer worth what they paid for them. At that time, real or imagined "ethics" ruled the roost in making the decision on what to do with your mortgage
DOING RIGHT WHEN THINGS ARE NOT RIGHT..examined
Now people who were well off or able to withstand the economic assault took a stand of paying the debt no matter what. The merit of that position … (0 comments)

banks: WHEN SHORT SALES TAKE MONTHS AGENTS LOSE MONEY - 09/24/12 09:33 AM
Why cant the banks see this? Real Estate agents work on commission. If things go well, a Real Estate transaction can close by mutual agreement 30, 60 or 90 days depending on the circumstances. When a Real Estate transaction doesn't go well, an agent is in it for the long haul until conclusion. Professionals yearn to finish what they have started and complete the FIDUCIARY
SHOW ME THE MONEY...?
Well sometimes the money is just is not there. When you take a normal situation and make it perform, a decent well earned wage is paid out. The opposite remains VERY true too. Dragging things … (4 comments)

 
Richie Alan Naggar Author PEARLS SERIES of books, on LIFE and LOVE plus Real Estate too! (People first then business! Ran Right Realty Riverside, Ca) Rainmaker large

Richie Alan Naggar Author PEARLS SERIES of books

on LIFE and LOVE plus Real Estate too!

Riverside, CA

More about me…

People first then business! Ran Right Realty Riverside, Ca

Address: 4850 Palo Verde Lane, Riverside, Ca, 92501

Mobile: (951) 201-5951

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