San Ramon Community Center
12501 Alcosta Blvd, San Ramon
Thursday Morning at 8:30 am sharp
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President: Nate Ellis
Vice President: John Hollinger
Treasurer: Ernie Decoite
Secretary: Joni Toy
Sargents at Arms: Haisem Nijem, Carlo DiMarco
Advisory Council: Dennis Viers, Kaveh Sartipi, Angela Muetterties
Realtor of the Year: Barry Zwahlen
Affiliate of the Year: Ernie Decoite
Thank you to the 2009 and 2010 board for your service!
Don’t forget–tomorrow, November 12th are the RMA elections. Please join us at
the San Ramon Community Center from 8:30 to 10:00 am (the meeting will run a bit
later than normal) for the big day!
And the nominees are…
President:
Nate Ellis
Vice President:
John Hollinger
Mike Tacconi
Treasurer:
Ernie Decoit
Secretary:
Joni Toy
Sargent at Arms:
Dean Kanat
Haisem Nijem
Carlo DiMarco
Advisory Council:
Bernadette Dugan
Vickie Coker
Ashley Provost
Dennis Viers
Kaveh Sartipi
Angela Muetterties
Special Honors
Realtor of the Year:
Will Doerlich
Nate Ellis
Vickie Coker
Barry Zwahlen
Affiliate of the Year:
Kirk Bailey
Ernie Decoite
Kaveh Sartipi
Michael Tacconi
Felix Boston
Congratulations to everyone who is nominated and good luck tomorrow!
Share on FacebookHere are some videos of last week’s broker panel discussion. Click the link below to see the full article and watch the videos. The discussion was very informative and all the participants did a great job.
This is one of the reasons we belong to RMA! Get the word out.
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Speakers include Vance Smith of J. Rockcliff, Jerry Stadtler of RE/MAX Accord, and Evelyn Walker of Coldwell Banker. Steve Reiser, President of the Contra Costa Association of Realtors will be the Moderator.
See you there!
Thursday, October 15, 2009
8:30am to 9:30am
San Ramon Community Center
12501 Alcosta Blvd.
San Ramon, CA 94583
The meeting costs $5 and includes breakfast and networking.
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| June 11, 2009 | ||
| 8:00 am | to | 9:30 am |
Enjoy all the usually Networking Opportunities in this fabulous location. Find out about the Black Hawk community and Events in the area including the LPGA Tour.
We will also be welcoming special guests running to represent you at CCAR and looking for your vote.
599 Blackhawk Club Drive, Danville Ca, 94506
Share on Facebook| March 25, 2009 | ||
| 5:30 pm | to | 7:30 pm |
Where: California Custom Carpets
6815 Dublin Blvd
Dublin, CA
Time: 5:30 PM - 7:30 PM
Contact: Cathy Lee 925-351-6118
or
Jim Walberg 925-260-8800
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Below is a link to a blog I posted last month that was written by Michael Lissack, a Realtor in Florida that is one of the brightest ecomonic minds I know. C.A.R. and N.A.R. both requested a copy of this article in order to use it as a blue print in designing a proposal to the current State and Federal administrations. Our membership may find it useful to consider, too.
http://www.eastbayrealestate.com/real-estate/the-bailout-package-guest-contributor-michael-lissack/
Jim Walberg
Wall Street and the general public are unimpressed by the latest 
bailout suggestions. The only solution for our economy is to FIX the mess regarding housing PRICES. The economy is suffering from the risk of foreclosures and the inability of banks to properly value the mortgage assets on their books. There is a solution. Create a loan repackaging service at and .
Any borrower may ask to have their loan purchased by the repackaging service, but the service should only repurchase loans related to the primary residence of the borrower or a home which had been the declared primary residence of the borrower for at least six months following January 1, 2007. If a home equity line or a second mortgage exists on a home it must be included in the repackaging. Loans aggregating more than $1 million per home shall be ineligible.
Loans to be repurchased shall be valued at the lesser of the outstanding principal balance or 100% of the average of three appraisals. The existing mortgage servicer/holder shall NOT be required to sell the loan (but the existence of the offer will create a market value for marking to market purposes).
The borrower of a repackaged loan shall agree to add a deed covenant granting the repackaging service 50% of the increased value of the home as of the fifth anniversary of the date of the new loan not to exceed the amount of the principal reduction from the original loan and the new repackaged loan. The home can only be sold during these five years subject to this secondary lien. The repackaging service can sell the secondary lien to a new owner of the home prior to the fifth anniversary date and to the original owner of the home (if he or she is still the owner) on or after the fifth anniversary date.
The Treasury shall subsidize all repackaged loans such that the stated interest rate for the first five years shall not exceed 4.5%. New home purchases shall be offered immediate purchase of their loans by the repackaging facility. This plan will stabilize housing prices.
I have enjoyed conversations with Michael over the years, and I really like his thought process. What your comments about Michael’s open letter to President Obama?
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Bob Wuan of Vacation Finance is a fellow real estate writer on the internet. He is one of the most respected mortgage minds in our industry and I am glad to have him as a friend. We use the services of his company, Vacation Finance, for our clients needing a loan for purchasing their second and third homes.Bob Wuan just published an article today that I wanted all of you to read.
Mind set is still one of the most powerful aspects of our economy. I welcome your feed back on Bob’s thoughts.
America does seem depressed. Our immediate gratification society is bogged down in a recession that started over 12 months ago, and its starting to irritate us. But it is not (yet) a Great Depression. First, the banking crisis: 31 banks have failed in the last year, only 3 failed in the previous 10 months - an increase of 10 fold. That’s how the media spins it. But when you consider history - 4,500 banks failed in 1990s - 71% of the S&Ls fell in that recession. How is 31 worse than 4,500?
Next, unemployment is at a high for several decades, 7.6%+/-, in fact, this generation has not ever seen unemployment this high. Is it another Great Depression? No. By 1936 unemployment in America had reached 25.6% - it was likely higher since record keeping was less strict back then without social security numbers. In 1979 unemployment was 13.8%, which means the recession of the 1980s was two times worse than today’s. In the 1930s there was no unemployment insurance, when you were out of work, you were out of food. Today many layed off workers get months worth of compensation paid up front, or insurance benefits that replace 30-95% of their wages. Imagine our troubles if the 3.5 million unemployed were truly penniless today like in the 1930s.
Economies are built on a foundation of faith and trust. When our faith wains, so does our willingness to trust, trade and prosper. Over the last 18 months, we have begun to doubt, we have lost faith in our banking system’s stability - which is the life blood of all commerce. We questioned the bedrock base of our net worth and security in our homes. We have watched the unthinkable plummeting of our our home value - live and in real time with new technology like Zillow.com. Like checking a stock price from our iPhones, we can see if our home value declined over night. It has made each of us wonder “why am I going to work today?” Everything I work for is worth so much less than I had hoped. I earn money to watch if drop in value in my 401k. In the past, we would wait until month end or quarter end for a statement of progress, and depression would only set in after performance disappointed for a few quarters. Today, Americans ride a wave of instant news, instant disappointment and false senses of recovery when the markets (or local home sales) rise daily.
I blame our new ‘mark-to-market’ mind set. Watched constantly, a pot never boils. Criticism of our capital model has often included our inability to look out into the future (like Warren Buffett) and have confidence that we are doing the right things to deliver long term results and wealth. Instead we grade all actions off immediate results. CEOs get bonuses off selling cars today, even if those sales create long term losses due to crazy lease financed terms. Neighborhoods feel wealthier when the property developer sells the model home at an inflated rate to his cousin, and then appraisal reports show a jump in values.
When these games are realized months, quarters or years later, we all feel cheated by the market and the participants and 2008-2009 ‘depressions’ set in. This economic down turn is all mental. It is all about how we ‘feel’ about the economy, the rules, the participants, the future prospects. The facts tell a much different story, slow down yes, but 3.5 million jobs could be recreated quickly in America. Our trust, faith and optimism may take much longer to bounce back, unless we look to the horizon instead of our feet.
The Annual Oakland Holiday Parade is this Sat, Dec 6th in Downtown Oakland. Dan Gross is collecting Stuffed Animals for the parade, which will be donated to Toys for Tots. If you could help him out this year, it would be greatly appreciated. Please bring a stuffed animal to this Thursday’s meeting, so Dan will be able to bring them with him to the Parade.
Last year was a success! With your help, this year will be a bigger success!
If you have any questions, please contact Dan Gross.
Phone # 925.831.6090
Email: dgross@cmfmail.com
Share on Facebook1 CommentTags: Annual Oakland Holiday Parade · Dan Gross · rma
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