Foreclosure Presentation Final

www.regalstrategies.com

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REGAL Strategies© 2008

Closing In On Our

ForeclosuresHow REALTORS® Are Making

a Difference in the High Desert Foreclosure Market


(714) 402-1430


First Let Me Thank Our Team

• Victor Valley Association of REALTORS® Executive Officer – Diane Smith

• VVAR LGR Chair – Debra Ann Peterson, Realty World

• VVAR Director – Rebecca Otwell, Shear Realty

• VVAR Member – Kari Leone, Avanti


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Market Overview – California’s High Desert

• 4 cities & 1 county• Strong local & out of area realty mix• Very high foreclosure area• Lost many local title offices• Less than 2 dozen escrow officers left

Oh, and we’re the area where the bank tore down the “already built luxury development…” Photo from Los Angeles Times

Common Problem

• High foreclosure rate• Properties get run down• Neighbors complain• City tries to “regulate” by

fining• No one can afford fines• Bank wont pay fines• Properties sit


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Photo from Riverside Press Enterprise

Presenting the Situation

We Started With a Basic Premise -

“The best thing for those neighborhoods is to get the properties in the hands of good, responsible owners”

From Which We Could ALL Agree


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Presenting the Impediments

• Competent Closings– Loss of local service providers & contacts

• Timeline of Foreclosures– Most cities are unaware of the dynamics of

getting the contract to service foreclosures

• Effects of Fines– Most cities hadn’t considered the effects of

delaying closings, WHO is affected, or HOW


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Offer Solutions


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Low Interest Loans

So… What Else Can We Do?

Funding? Water Conservation

?

Coordinate &Publicize?

Redevelopment

First Time Homebuyer

Program

NSP Funds?

“Cash for Grass”

Low Flow Promotion

Quick Final Bills

One Form Fits All

City, VVAR & Water Dept.

WebsitesCity Brochures &

Neighboring AORsTraining on “How

to find a REALTOR®”

What Has the Response Been?

• First online forms First online forms – – Apple ValleyApple Valley• Possible use of RDA Funds Possible use of RDA Funds – – HesperiaHesperia• Available List of Liens Available List of Liens – – VictorvilleVictorville• Coordination of Water & City Coordination of Water & City – –

VictorvilleVictorville


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(714) 402-1430


VVAR – Closing in On Our

FORECLOSURESCHIP AHLSWEDE

[email protected]

(714) 402-1430

http://www.regalstrategies.com/

mailto:[email protected]

Foreclosure Presentation Final

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