Please click the link below to view a webinar on “New Website Features Top Agents Use to Convert Leads to Sales on Their Websites”, which took place on Wednesday, February 10, 2010 at 1:00 - 2:00 PM CST.

http://www.webstarget.com/webinars/corcoran-eagar.html 

When it comes to systems and running your business like a business Bob Corcoran is one man you may want to turn an ear towards.He has been helping top agents hone their skills since the late 80’s and is still working with some of the who’s who’s  of real estate today.

In this video interview Bob and I discuss:

• how to get started as a new agent
• tips for the seasoned pro
• how to have fun in real estate
• what he means when he says that “You are the CEO of your business”

Please enjoy this video and leave you comments in the box beneath it.

All Good Wishes,

michael krisa

To Sign up for your Complimentary Business Consultation, Click here and complete the information.  One of our Business Consultants will get you scheduled!

The Corcoran Consulting & Coaching Team would like to remind you that this Sunday, November 1st is Time Change Sunday.

Don’t forget to “Fall Back” and set your clocks back 1 hour BEFORE you go to bed Saturday night!

Take this opportunity to add an extra touch to the people in your e-mail drip campaign by sending them a reminder of the up coming Time Change. It’s a great time to remind Homeowners to change the batteries in their smoke detectors at the same time they are changing the time on all of their clocks. Send it out this Friday to your entire database.

Asbestos Tips and Healthy Options for Homeowners

The path to purchasing a new home is a huge accomplishment that requires additional responsibilities. For many, it is the investment of a lifetime, insuring you and your family will have a safe and healthy home for a long foreseeable future.

Many homes that are newly purchased may require remodeling or additional repairs. This is often the case with older homes, which still run with old, corrosive methods that were once used to build structures. Having the assistance of a reliable and experienced real estate agent can make this process smooth and easy.

Asbestos is a fibrous mineral that was used in construction applications for the greater part of the 20th century.  Through the U.S. and Canada, potential home buyers or those remodeling homes should be aware that homes built before 1980 may still harbor asbestos materials. This is not to make you alarmed because asbestos exposure is easily prevented by taking simple precautions. Many green, healthy options insulation options exist that make the use of asbestos obsolete.

If you locate any suspected asbestos, most experts advise to leave it alone. If you are having home renovations, performed, do not panic. A professional home inspector can determine the best course of action. In most cases, the best action is no action in regards to asbestos.

Home owners should find a certified inspector to determine if any harmful materials are present. The Environmental Protection Agency provides assistance and information on asbestos abatement and the regulations involved. If the inspector determines that a removal is needed, they must be performed by a licensed abatement contractor who is trained in handling dangerous substances. This process requires professional care and protective equipment. Once the process is complete, replacement options should be considered.

When asbestos deteriorates and its fibers become airborne, it has the potential of causing severe lung ailments such as malignant mesothelioma and asbestosis. Physician diagnosis has been a difficult task because of a long latency period and mesothelioma symptoms being so similar to other, less serious conditions.

Environmental stability is on the minds of many citizens throughout North America. Many are unaware to the fact that utilizing eco-sustainable forms of insulation not only provide healthy alternatives to asbestos, but can have positive economic benefits as well. There are now a multitude of healthy replacements to asbestos such as cotton fiber and lcynene. These options should be considered upon removal.  Studies show that the use of recycled building materials can reduce annual energy costs by 25 percent!

Cotton fiber is made from recycled batted material and treated to be flame resistant. With the implementation of these recycled materials, waste is also decreasing in landfills. These options will provide a safe and healthy home, free of any damaging materials.

Information provided by: Mesothelioma Cancer Center 

Fannie Mae has come out and actually put legislation in place instructing their servicers NOT to negotiate your commissions up to 6%.  Here is the actual excerpt from their release: 

For more information on how to break into the Short Sale Market, go to  and get certified today!  Tell them Bob Corcoran sent you! 

Join renowned coach “Dr. Wake-up” Bob Corcoran as he wakes you up to the necessity of systematizing your business. Come away from this session with tools to analyze and strategize your position in this or any market. Eavesdrop as Bob mentors NUMBER1EXPERT Orly Steinberg and then pick Bob’s brain with questions of your own. Not to be missed.  To view the webinar presentation, simply click here: http://mfile.akamai.com/23543/wmv/citrixvar.download.akamai.com/23543/www/435/384/5511861182729435384/1-5511861182729435384-11efff45fce.asx 

A past Corcoran Consulting client, Robert Radcliffe, sent out a blast e-mail with the below information.  His preferred Lender, Rick Ellis with CS Private Mortgage Banking prepared the information for him.
A Summary of the Monetary and Fiscal Stimulus by the US Government to Date:
1.        BEAR STEARNS - The Federal Reserve assisted a major Wall Street firm in its 3/16/08 purchase of Bear Stearns by providing up to $29 billion in loans (i.e., a backstop) in the event that the buyer suffered losses on subprime assets acquired in the transaction.    
2.        HOUSING RELIEF - President George Bush signed a housing bill on 7/30/08 that will insure up to $300 billion in mortgages.  The bill allows up to 400,000 homeowners to refinance their existing mortgages into new 30-year fixed rate mortgages backed by the government.  A qualifying homeowner has to be spending more than 31% of his/her monthly income on the mortgage payment and be currently living in the house.      
3.        HOUSING TAX CREDIT INCENTIVES - The 7/30/08 housing bill had $15 billion in tax cuts, including a first-time home buyer tax credit of up to $7,500 for home purchases between 4/09/08 and 7/01/09.  The bill also contained $4 billion for cities to buy and renovate foreclosed properties in hard-hit neighborhoods.      
4.        FANNIE AND FREDDIE - Treasury Secretary Hank Paulson announced a plan on 9/07/08 where the government took control of mortgage giants Fannie Mae and Freddie Mac.  The Treasury Department acquired $1 billion of preferred stock in each company, warrants for 80% of their common stock and pledged up to $200 billion of financial support as a result of potential mortgage defaults.     
5.        TARP - The $700 billion “Troubled Assets Relief Program” (TARP) was signed into law by President Bush on 10/03/08.  The $700 billion was divided between $250 billion to be allocated by the Treasury Department into bank purchases, another $100 billion to be directed by President George Bush (as needed) and $350 billion to be allocated by our next president (i.e., Barack Obama) in 2009 and beyond.    
6.        TARP + PORK - In order to win Congressional support of the TARP bill, $150 billion of tax incentives were added to the legislation, including changes to the Alternative Minimum Tax law.    
7.        TARP + BUYING BANKS - Half of the $250 billion TARP money designated for bank purchases went into 9 banks.  This $125 billion bought non-voting preferred bank shares with a 5% dividend.  The Treasury also acquired $18.75 billion in warrants (15% of the $125 billion) to buy common stock of the banks.      
8.        TARP + MORE BANK PURCHASES - The other $125 billion allocated for bank purchases will be used to take equity positions in smaller US banks, i.e., not the original 9 big banks.    
9.        COMMERCIAL PAPER FUNDING FACILITY - The Fed announced on 10/07/08 that it will buy short-term commercial paper through 4/30/09.  Eligible issuers of the short-term debt have $1.3 trillion of outstanding commercial paper.    
10.     TEMPORARY LIQUIDITY GUARANTEE PROGRAM - The Federal Deposit Insurance Corporation announced on 10/14/08 the “Temporary Liquidity Guarantee Program.”  The plan allows banks and other firms that have been approved to participate and issue up to $1.4 trillion in government-guaranteed bonds with maturities of more than 30 days.  The bonds must be issued by 6/30/09.  The guarantee lasts no longer than 6/30/12.    
11.     MONEY MARKET INVESTOR FUNDING FACILITY - The Fed announced on 10/21/08 that they would lend $540 billion to corporations, a plan (“Money Market Investor Funding Facility”) designed to unclog the commercial paper market (source: WSJ, Barron’s).    
12.     AIG - The original bailout of the nation’s largest insurance company (worked out on 9/16/08) involved an $85 billion loan and warrants that would give the government an 80% ownership in the firm.  On 10/08/08, a $38 billion loan was added to the agreement.  That deal was reworked on 11/10/08 to a $60 billion loan, a $40 billion purchase of the insurance company’s preferred stock (using some of the $700 billion TARP money), and $52.5 billion to buy other mortgage-backed assets of the firm.     
13.     GOVERNMENT SPONSERED ENTITIES PURCHASE PROGRAM - The Fed announced on 11/25/08 a program (“Government Sponsored Entities Purchase Program”) to buy $600 billion of mortgage-backed securities and debt from Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Banks.    
14.     TERM ASSET-BACKED SECURITIES LOAN FACITITY - The Fed launched on 11/25/08 a new program (“Term Asset-Backed Securities Loan Facility”) to lend up to $200 billion to private investors who would in turn buy securitized assets that are backed by auto loans, credit card loans, student loans or small business loans.        
15.     GM, FORD & CHRYSLER - The 3 largest auto makers in the USA delivered their request to Congress for $34 billion of loans and lines of credit on 12/02/08.  
 

Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value of the property provide adequate loan security. When rehabilitation is involved, this means that a lender typically requires the improvements to be finished before a long-term mortgage is made.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. To minimize the risk to the mortgage lender, the mortgage loan (the maximum allowable amount) is eligible for endorsement by HUD as soon as the mortgage proceeds are disbursed and a rehabilitation escrow account is established. At this point the lender has a fully-insured mortgage loan.

To get the details of this FHA Program we have posted the information HERE

Bob Corcoran is on www.BrokerAgentSpeakers.com as a featured speaker this month! 

Broker Agent Speakers Bureau is a full service Speakers Bureau serving the real estate and financial services industries.