Archives for August 2012

Short Sales Take Growing Share of Distressed Sales

Short Sales Take Growing Share of Distressed Sales
RealtyTrac, an Irvine, California firm that tracks foreclosure activity, reported that an additional 14 percent of all sales were short sales, where the bank agreed to a payoff lower than the actual outstanding mortgage balance, that were unrelated to …
Read more on Mortgage News Daily

Foreclosure moratorium needed as Bank of America gets ongoing federal bailout
We must demand that President Obama immediately implement a three-year federal moratorium to halt all foreclosures and related evictions, and that he place a director over the FHFA who will begin reducing principal to market value on home mortgages for …
Read more on Workers World

AAPL Appoints Former Bank President Larry Muck as New Executive Director – Major Private Lending Event Underway

Washington, DC (PRWEB) August 30, 2012

The American Association of Private Lenders (AAPL) proudly announced today that it recently named Larry Muck as it’s new Executive Director.

Larrys shares his passion for fair dealing and excellence in lending as the Executive Director of the American Association of Private Lenders. He brings to this position the experiences gained through a 30 year career in banking. During that span, he served in many leadership and lending capacities, including serving as Executive Vice President for a regional bank with a $ 220 million portfolio of commercial, consumer, construction, and mortgage loans.

Additionally he served as Community President for Gold Bank in Saint Joseph, Missouri and transitioned to Regional EVP with Marshall and Ilsely Bank in Kansas City. His well rounded background includes experience in Loan Review and serving for two years as the Corporate Training Director for a $ 15B regional bank holding company.

Throughout his career, Larry has had a passion for community service, serving in various leadership capacities with organizations such as United Way, the Allied Arts Council, St. Joseph Preservation, Inc. and many others. His interests lie in all outdoor sporting activities, basketball, and cooking. His passion for music and serving Christ led him to serve as guitarist and backup vocalist for his churchs worship band for five years. He received his secondary education through the University of Kansas, home of the fabulous KU Jayhawks Basketball team, and completed both his undergraduate and master degrees in Business Administration there.

So what is Larry working on now for the AAPL?

“Our 2012 Annual Private Lending Conference is certainly a priority. I feel compelled to make the industry aware that this years event is truly a platform to both learn from Private Lending industry experts – and to also network and forge relationships with accredited residential and commercial Private Lenders who have real funds to lend. It’s about our attendees establishing business relationships in the Private Lending space that will last for many years. Our Private Lenders and best of breed service providers are the real deal. Our conference is the perfect opportunity to interact with them.” says Muck.????????

View the 2012 Annual Conference Schedule of Events Here

Join the Private Lending Industry’s best and brightest who will help you grow your business. Make the professional connections you need to make quantum leaps in your Private Lending production.

Who Should Attend:

Investors & Financing Sources
Brokers & Mortgage Bankers
Service Providers
Loan Servicing & Collection Companies
Accountants & Attorneys
Real estate finance professionals

2012 Conference Agenda Overview:

Informative Legal Panels
Debt & Equity Financing Strategies and Techniques
Putting together your pitch to get bank financing
Operations & Best Practices
Much, much more

Advance Conference Registration is still available here or call David Lang at (913) 888-1250

Event Sponsorship Information is available here

Latest Foreclosures In Florida News

Quarterly foreclosures down more than 30 percent in Southwest Florida from 2011
The sale of bank-owned homes and homes in some stage of foreclosure are on the decline in Southwest Florida and nationwide. Foreclosure-related sales accounted for 23 percent of all residential sales in the U.S. in the second quarter, according to …
Read more on Naples Daily News

Florida's Swing Counties Mired in Foreclosures: BGOV Barometer
As the U.S. housing market digs out of the rubble left by record foreclosures and home price declines, there's little evidence of recovery in one place where it counts most: The campaign battleground of Florida. The BGOV Barometer shows the situation …
Read more on Businessweek

Foreclosures down, but Florida still No. 2 in U.S.
… completed foreclosures in July, the report said, down from 62,000 in June and 69,000 in July 2011. California led the way with a total of 119,000 completed foreclosures, followed by Florida (92,000), Michigan (61,000), Texas (57,000) and Georgia …
Read more on St. Augustine Record

Latest Utah Foreclosures News

The Short Sale Scam: Most Going to Non-Recourse States that Bar Deficiency
The non-recourse states include large ones hit particularly hard by the foreclosure crisis, like California and Arizona. (The others are Alaska, Connecticut, Idaho, Minnesota, North Carolina, North Dakota, Oregon, Texas, Utah and Washington). So how …
Read more on Firedoglake

Mitt's Mansions, the Foreclosure Crisis, and the Election
That was the seven-bedroom, 9.5 bath 9,514 square foot house, located on 11 acres, that they owned in Park City, Utah. The Romneys bought it as a vacation home in 1999 and lived there while he was working as CEO of the 2002 Winter Olympics in Salt …
Read more on Huffington Post

Scott D. Pierce: Utah's 'Flip Men' ramp things up in Season 2
The Utahns at the center of the Spike cable network show "Flip Men" are still in the same business — they buy foreclosures and rehab them. But they're no longer doing it in relative anonymity. Not only are they getting recognized by viewers on a …
Read more on Salt Lake Tribune

Tiburon California Architectural Masterpiece Now on the Market, Imagined by Acclaimed Architect Angela Danadjieva

San Francisco, California (PRWEB) August 30, 2012

This nature-infused architects estate in Marin County is so magnificent in scope and idea as to recall a grand public space. Yet the setting is secluded, the four-bedroom home at 450 Ridge Road carved into a hillside sheltered from bay winds.

Imagined by acclaimed Tiburon architect Angela Danadjieva, she built the home for herself in 1995 into the towns Hill Heaven with sweeping views of the San Francisco Bay, Golden Gate Bridge, Angel Island and eastern hilltops. The architect said she placed the property just right so that it does not impose on the landscape of Tiburon Hills. Its just as impressive inside.

Danadjieva described the property as a symphony of light and space with natural and organic surroundings of water, stone and positive energy.

It is an extension of the landscape, she added. A garden pavilion – that is the main theme.

Now on the market, this home in a gated community offers impressive natural features like a majestic waterfall/fountain edged by stone staircases. Tremendous open living space waits, as well as organic materials throughout like redwood and granite.

I am very environmental, said Danadjieva. I designed it like a park, everything of natural materials.

Most captivating is the homes facade with its geometric grid of large windows framed as mountain peaks pointing toward heaven. Light pours in from all sides and through a series of awesome skylights on 36-foot ceilings.

Everything is glass, Danadjieva said. No barriers between the indoor-outdoor space.

Outside, explore private pathways and gardens on the 1.5-acre rural-in-feel property located in Tiburon, which is Spanish for shark. Situated just north of San Francisco on lovely Tiburon Peninsula, the old industrial town today boasts boutique shops and restaurants, the Richardson Bay Audubon Nature Trail and regular ferry service to San Francisco, Marin City and Sausalito.

The residence is a short walk from the bay, and is marketed as offering views, views and more views. The house certainly provides a high standard of living attributable to the design of Danadjieva, principal at Danadjieva & Koenig Associates.

Originally from Bulgaria, she was living in France when she came to America in the 1960s as winning architect in an international competition for landscaping at the San Francisco Civic Center Plaza. Danadjieva said her first job was in Richmond, Va., where she oversaw a Downtown Riverfront Plan. There, the park was the river, she said. At 450 Ridge Road, the park is home.

The property is owned by Danadjievas sister, Fani Hansen, another acclaimed Tiburon architect. Listing agent Paula Gold-Nocella with Vanguard Properties said the house is incomparable.

In 24 years of selling real estate in San Francisco and the Bay Area I have never seen a home like this. It is absolutely a one-of-a-kind work of art! she said.

For more information and pricing contact: ????

Paula Gold Nocella 415.321.7080 | paula(at)vanguardsf(dot)com

Frank Nolan 415.321.7011 | frank(at)vanguardsf(dot)com