“Successful Short Sales for Buyers, with Nathan Bangs”

We expect between 80 to 120 of the best Tampa Bay area agents to attend this event.

We are offering a Sponsorship program to a few of our most valued vendors.  Like I said, we intend to bring the agents great value in this program, so we only want participants that have services and products that will help agents to increase their customer service or their bottom line.

Stacy Dillard and I both advocate that agents build a strong group of industry alliances that they can depend on to facilitate transactions and provide the best possible service and products to their customers and clients. This is where Sponsorship of this event and future joint events is beneficial to you.

The Sponsorship levels are as follows:

Executive Certified Sponsor for $250: The “ECS” vendor will have field exclusivity at this event, a table in the back of the room for the entire event and a 10 minute “teaching moment” in front of the room.  We ask all of the vendors that accept this level to prepare a valuable story about how their service or product made a difference in an agent’s business or a transaction to share during this 10 minute “teaching moment”.  ECS vendors will automatically be invited and have first right of refusal to Sponsor our future joint training events for Realtors in the Tampa Bay area.  The ECS level sponsor will have their logo on all invitations, flyers and e-mails for the event.

This level is Limited to TWO vendors.

Certified Sponsor for $100:  The “CS” vendor will have industry exclusivity, an area in the back of the room to be available to interact with agents as they network and have snacks and beverages before the event and during the breaks.  The CS sponsors will be named on all invitations, flyers and e-mails for the event.

This level is Limited to FOUR vendors.

If you would like more information or would like to accept this invitation to Sponsor this event, please contact Stacy Dillard at Stacy Dillard Consulting, Inc. at Stacy@DillardCoaching.com or 813-298-7696.

The entire group at Nathan Bangs and Associates would like to thank you for your continued support and professionalism over the past 5 years.  You have helped us stay in the top 1% of agents in the Tampa Bay Area year after year.

Sincerely,

Nathan Bangs

Visit us online at www.nathanbangs.com

If you've been thinking about buying your own home and would like me to send you regular market updates, please call or email me anytime.

I also want to remind you that all my work helping you find a home, arranging financing, negotiating the best possible sale price, and completing the transaction won't cost you anything because it's paid for by the home seller.

Hope to hear from you when you decide to buy.

Take care.

PS - Let connect on Facebook - www.Facebook.com/TampaRealEstate

Nathan Bangs

And Here's Your Morning Coffee!

Nathan Bangs & Associates

Nathan Bangs & Associates, Keller Williams Realty
3502 Henderson Blvd., Tampa FL 33609 For Sellers: 813-739-5965


Visit http://www.nathanbangs.com

.... YOU WILL BE CHARGED FOR THESE CALLS

To prevent this, call the following number from your cell phone:    888-382-1222.
It is the National DO NOT CALL list It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want
to have blocked. You cannot call from a different phone number.

HELP OTHERS BY PASSING THIS ON... It takes about 20 seconds.  

REMINDER.....  all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.

.... YOU WILL BE CHARGED FOR THESE CALLS

To prevent this, call the following number from your cell phone:    888-382-1222.
It is the National DO NOT CALL list It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want
to have blocked. You cannot call from a different phone number.

HELP OTHERS BY PASSING THIS ON...

DUPLICATE YOURSELF!

Watch young children on the playground and you will notice them trying to duplicate each other. One hangs upside down on the monkey bars, and soon everyone is doing the same. Check out a pre-teen with a punky new hair-do, or a new style of "radical" footwear, and soon their friends are following suit.

It continues in high school too, with "tricked out" hot cars and cell phones. So . . . is it any wonder that we attempt to duplicate each other as adults as well? We look at our desk mate's approach to getting new business, then we do the same - regardless of the fact that said desk mate is getting no results.

Is there an alternative to this senseless copy-cat approach to life? Yes - but making the change may not be so easy. You begin by looking inside rather than outside. With all the distractions competing for your attention, this may be the most difficult step. Nevertheless, take a look inside to determine your best talents and skills. Ask yourself, "What do I do well? What are my strengths? What do I enjoy doing most?"

Next, write yourself a plan that incorporates your answers into a personal action plan. Remember, you were born an original, so put that originality to work. To help the plan work, avoid distractions from those who question your new direction, and learn to "duplicate yourself".

To avoid distractions, consider moving your desk, working from a home office, or avoiding the social scene at your office. Focus your time and attention on achieving your new-found objectives. To duplicate yourself, hire assistants to prepare direct mail or update your website. Avoid all tasks that you can hire someone else to do.

In short, live and act the part of the original you really are!

Thought a little Cheat sheet might help supplied by Mary & Rob Pinion.

FHA to 96.5% LTV with a 620 FICO, 6% Seller Paid Closing Costs  $292,500.00 max loan amount

VA to 100% LTV with 620 FICO, 6% Seller Paid Closing Costs          $417,000.00 loan amount 0 down ( higher loan amounts available)

USDA to 102% with 620 FICO, 6% Seller Paid Closing Costs

Conventional to 95% LTV FICO Higher due to Mortgage Insurance 720    $417,000.00 max loan amount

 Jumbo Highlights

80% LTV to $1,000,000

75% LTV to $1,500,000

700 Minimum Credit

1 Appraisal up to $750,000 (from our HVCC compliant local appraisal group)

Competitive Rates

30yr Fixed, 15yr Fixed, 7/1 and 5/1 ARM’s

In House Processing, Underwriting and Closing

30 Day Close 

Rob Pinion & Mary Pinion

Regional Manager/Shareholder

Office: 813-739-5337

Fax: 813-769-2774

Email: rpinion@fbchomeloans.com

Be sure to check out our Nathan Bangs & Associates of Keller Williams Realty fan page at  Facebook.com/TampaRealEstate

We've got great tips on today's Tampa Bay Real Estate market!

Best,

Nathan

Facebook.com/TampaRealEstate

Visit us online at www.nathanbangs.com

I wanted to check with you to see if I could offer you any additional information on the housing market or refinancing options. There are some tremendous loan programs available right now.

Please let me know if I can assist you with any of your real estate needs.

Nathan

And Here's Your Morning Coffee!

Nathan Bangs & Associates 

Nathan Bangs & Associates, Keller Williams Realty
3502 Henderson Blvd., Tampa FL 33609 For Sellers: 813-739-5965

Visit http://www.nathanbangs.com

An extension of the homebuyer's tax credit is available for service men and women until April 30, 2011.

Active veterans serving on official, extended-duty service outside of the United States for a minimum of 90 days during the period between December 1, 2008 and May 1, 2010 will be granted a 1-year extension on the home buyer tax credit. Service people who meet this requirement by serving more than 90 days overseas between the aforementioned dates will qualify for the same home buyer tax if they are in contract to purchase by April 30, 2011 and complete the transaction by June 30 of next year. Veterans who are currently considering buying a new home will be excited to hear they have an extra year to buy and still qualify for the tax credit.

Members of “uniformed” services, foreign services of the United States, employees of Intelligence Community and extended duty service men and women will qualify

For More Information Call

Mary Pinion     or      Rob Pinion

813-918-0766           813-917-1914

Insurance Binder Guide for Mortgage Professionals

Insurance companies can restrict binding for days prior to and after storm watches and warnings.  FIS/IAA would like to minimize the impact of these periods on your borrowers and scheduled closings by offering the following guide to securing insurance during the 2010 hurricane season.

• Provide as much contact information for your borrower as possible.  Home, cell and work phone numbers and email addresses allow us more ways to contact them, present our quote and get you a binder for closing.
• Remind your borrowers that insurance is vital to closing their loan and that FIS/IAA will contact them with the best rate available.
• Remember, flood insurance requires an elevation certificate – make sure they are ordered early on in your process!

For More Information call

Mary Pinion   or   Rob Pinion

813-918-0766          813-917-1914

WANT TO ACCOMPLISH SOMETHING REALLY GREAT?

Ever dream of becoming a U.S. Senator? Want to become an anonymous benefactor of youth programs in your community? Want to rise to the top 1% of your profession? Inspirational artist D. Morgan puts it this way: "The impossible dream . . . isn't!"

So - how do dreams become reality? Once your dream becomes your passion, you can begin building the foundation that will support the eventual structure of your dream. Begin by reading and studying how others have achieved similar dreams.

For politicians-to-be, there are plenty of biographies that reveal the long road to election. For those who aspire to achieve peak earnings, mentors are plentiful. Hang out with, attend courses with, and "shadow" the real stars in your chosen field. Ask how they began their rise, how they blend their work and family, how they attract and retain clients and customers.

In most cases, you will find that the models you choose have also made hard choices. They have first adopted certain principles upon which their decisions are made. Their actions are congruent with those principles. They are not duplicitous in their dealings with others. Their "word is their bond." Their foundational character sets the tone for the structure of their dreams.

Finally, with the foundation in place - they just build. They create plans, they implement strategies to achieve those plans. They understand that their final success does not occur in one fell swoop. It is the result of many footsteps in the direction of their dreams.

So . . . go ahead and dream! Remember - destiny is not a matter of chance . . . it's a matter of choice!

I was introduced to Cafe Hey by Roger McKeever a Yoga Teacher friend of mine.  He posted on Facebook one day he was at Cafe Hey.  I looked up the location and next think you know I was HOOKED!

Cafe Hey is located north downtown Tampa on the corner of Kay and Florida Ave.  I have the new weekend habit of walking from my Harbour Island home on my, "urban hike" with lululemon athletica backpack in tow to get my coffee treat.

Cafe Hey is open 7 days a week, they have coffee, tea, baked goods, sandwiches, soups and desserts.  Specials of the day, I love the fact Anne co-owner posts on Facebook and Twitter their specials so I know if I should run over. 

Did I mention FREE WI-FI!!!

Their sandwhices are made on cuban bread and pressed, my favorites, the VLT (vegan bacon, lettuce, tomato, and veganaise, dry pressed) and the ABBA (almond butter, banana and apricot jam pressed with cinnamon (vegan if dry pressed).

Soups are made fresh daily so you are surprised when you get the Twitter.com updates.

Extra Goddies!!

Thursday night is Open Mic night and Friday is Movie night (local and classic films),

Art rotated out every 2 months....makes for a great space and variety.

Cafe Hey
1540 N. Franklin Avenue
Tampa Florida
33602 / 813-221-5150
www.CafeHey.com

Mondays - 7am until 2pm

Tuesday - 7am until 2pm

Wednesday - 7am until 2pm

Thursday - 7am until 9

Friday - 7am until 9

Saturday - 10am until 9

Sunday - 10am until 7

I hope you enjoy Cafe Hey as much as I do!

Nathan Bangs

www.NathanBangs.com

Below you will find the active listings and if you don't see what you like you can always do your own MLS search at www.FindTampaAreaHomes.com

Have a Great Week!!!

Nathan Bangs

And Here's Your Morning Coffee!

Nathan Bangs & Associates

The Columbia Café Tampa is located at the Tampa Bay History Center on the Riverwalk in Channelside Tampa, next to the St. Pete Times Forum. 

I live downtown Tampa so one Sunday afternoon I walked over to the Columbia Cafe to get something to eat.  It was my second time visiting the downtown restaurant but not my first time at the Columbia Restaurant.  I was introduced to the Gonzmart family and privileged to have met Adela Hernandez Gonzmart over 17 years ago.

The Columbia Café has a beautiful bar, and serves lunch and dinner with an outdoor deck with water views of the channel. The bar looks just like the original one in Ybor City that was built in 1905.

For lunch I had the Merluza “Russian Style” - A whitefish, seasoned with bread crumbs. Grilled with lemon butter, parsley and egg, yellow rice with a loaf of Cuban bread.

If you have not had the chance to experience the Columbia Restaurant you are missing out on something special...the food, the history, the atmospher and the character that comes with being in business over 100 years...

Now if you have been to the Gonzmart family Columbia Restaurant please leave a comment let me know what you loved about it.

Columbia Café Address:
801 Old Water Street #1905
Tampa, Florida 33602

Inside the Tampa Bay History Center  / open daily from 11:00 a.m. – 9:00 p.m.

www.ColumbiaRestaurant.com

Thanks,

Nathan Bangs

www.NathanBangs.com

DRAW YOUR OWN MAP!

Imagine you've planned the trip of your dreams - say from North Carolina to Colorado. You've charted all the roads, have a fist full of maps just in case, and have your priorities straight in your mind. You get started on a beautiful sunny day, and begin enjoying the ride.

Late in the day, as you approach the Mississippi River, you drive straight into a bank of heavy fog. You turn on your lights, but still cannot see 10 feet ahead. Just because the highway is out of sight doesn't mean you've lost your way. Continuing on the path you've set for yourself, you soon break out into the sunshine again - still headed in the direction of your dreams.

In perspective, consider that the trip represents your life's goal - your first priority. Steering your vehicle down the highway hour by hour represents your efforts to reach your goal. The fog bank illustrates the momentary interruptions and obstacles encountered on your journey.

As day #2 begins, you find that you've come to an unexpected intersection - one that's not on your map. Confused, you pull over and examine the map closely. Stay to the right and you'll end up in Colorado. Take a left and you may arrive at an unanticipated, yet equally wonderful destination.

OK, let's cut to the chase! Sometimes your priorities change, don't they? Just as you think your goal is in sight, a new opportunity arises. Remember the saying that "life is a journey - not a destination"? What's exciting is that YOU are in control of the steering wheel, and whatever destination you choose is OK - so long as it's YOU who has made the choice.

Happy motoring!

As you can see from the service we offer, I am by no means a high pressure sales type. I pride myself in offering real estate service that helps home sellers find the best options in this Real Estate market.

I look forward to talking with you at your convenience.

Nathan Bangs

P.S. - if you are not getting my FREE Market Snapshot please fill out this link for a FREE instant report -

www.ValueMyTampaBayHome.com

Nb

Fact #1: Your acceptance of the counter offer terms does not mean the transaction is approved

Acceptance of the counter offer means that Bank of America will take the next step of presenting the transaction for approval to the investor.  In some short sales, multiple approvals may be necessary from others including the second lien holder, mortgage insurer and Bank of America senior management.

Fact #2: The terms of the accepted counter offer may be approved, declined or changed

Any of the parties reviewing the transaction can change the terms of the transaction, approve or decline it.

Fact #3: The counter offer may have an expiration date

Please reply to the counter offer before the expiration date.  If you don't reply by the expiration date the transaction will be rejected and you must restart the process by initiating the short sale and resubmitting documents.

Fact #4: The counter offer must be accepted via the offers management tool in Equator

To accept the counter offer, go to the "Workflow" section of Equator and select the "Offers Needs Response" link.  Select "Counter Offer" and press the "Accept" button in the Counter Offer screen.  You cannot accept a counter offer via an Equator email to your negotiator.

By understanding these key facts, you will be in a position to better help the homeowner complete a successful short sale transaction. 

For other questions you have about the short sale process and Equator, refer to our informational guide at the following link:

http://bankofamerica.reo.com/shortsaletraining

These low rates offer today's buyer significant purchasing power. Through low interest rates and affordable monthly loan payments, many buyers will realize even greater savings than the $8,000 tax credit offered earlier in the year. Contact us today for more information on this favorable buyers' market!

• Bring in the light . The right light creates the right mood. Adding lights to dark rooms can make your home feel warm and inviting. Bring outdoor light inside by opening curtains and installing economical suntubes.
• Create Space. Many of today's buyers are looking for open rooms. Consider removing unwanted walls to make your home feel more spacious. Buyers will often pay a premium to get a bit of extra room.
• Replace Flooring. Get rid of that old carpet in the den and replace it with today's newer hardwoods and laminates. You don't have to spend a lot to make a big impression!

These simple tips can help you sell your home and take advantage of today's market. Please contact us if you have any questions about selling your home. We are here to help!

AVERAGE RESIDENTIAL SALES PRICE

The May 2010 average residential sales price as reported by GTAR of $180,244 seems to add further support to the idea that we've found a bottom in our local market.  Since January of 2009, we have been hoovering around an average residential sales price of $177,316.  Although we've come close, we have not broken through the low hit in January 2009.  After about 18 months of finding news lows almost every month, we have spent the last 16 months supporting this low.

The Average Residential Sales Price represents the average sales price of closed residential sale transactions as reported through the MLS for single family homes, townhomes, condominiums, and villas.  As noted on the GTAR website, these figures do not represent private sales or new construction sales unless entered into MLS.  This is only one of many available indicators, but taken consistently over time, provides a good view of residential market activity.

The reality of what we've been through - The May 2010 average residential sales price represents a 22.64% decrease from 2 years ago, a 36.33% decrease from 3 years ago, and a 42.30% decrease from the high of $312,356 hit in July 2006.  It is encouraging to see what appears to be tremendous support at this average sales price.

TOTAL RESIDENTIAL SALES

In May 2010, GTAR reports 1,550 residential sales.  This is down 4.56% from last month, up 21.86% over last quarter (3 months ago), and up 18.32% over May 2009. 

This May figure is also down 49.49% from the high reached in June 2005 when 3,069 residential sales were reported, but up 119.24% from the recent low reached in January 2008 when only 707 residential sales were reported.

Total Residential Sales represents the number of closed sale transactions as reported through the MLS for single family homes, townhomes, condominiums, and villas.  As noted on the GTAR website, these figures do not represent private sales or new construction sales unless entered into MLS.  This is only one of many available indicators, but taken consistently over time, provides a good view of residential market activity.

Please click the link below to access a pdf file with the data and graphs.

May 2010 Market Activity Data and Graphs

 Monthly Foreclosure Activity

The first public notice of a foreclosure is the recording of a legal document called the Lis Pendens.  This typically happens after the homeowner has missed about 3 mortgage payments.  The Final Judgment of Foreclosure is recorded next, detailing the amount owed including principal, past due interest, fees, etc.,  Finally the foreclosure sale is held.  The winning bidder at the foreclosure sale, or the foreclosing lender if no one bids, acquires title via the next recorded document, the Certificate of Title.  This process takes about 8 months, barring any delays.  Because lenders are not really in the business of owning real estate, they will now attempt to sell this REO (Real Estate Owned) property and move it off their books, often times at deeply discounted prices.

In June 2010, there were 1,396 Lis Pendens filed in Hillsborough County alone.  Keep in mind that there were on average 398 Lis Pendens filed in Hillsborough County during the 24 month period from August 2004 to July 2006.  From November 2008 through August 2009, this indicator was averaging about 2,000 per month, but now appears to be on a downward trend.  From January to June 2010,  we have seen a 37.62% decrease in the number of Lis Pendens filed in Hillsborough County.  This is great news and hopefully a leading indicator of a recovering real estate market.

Please click the link below to access a pdf file with the data and graphs.

June 2010 Foreclosure Activity in Hillsborough County 

 Odds and Ends

HUD has updated their lengthy FAQ document, which is a great resource document for all real estate professionals.  Here you can look up frequently asked questions about the new GFE and HUD Settlement Statements by GFE number or by HUD line number section.  Click here to access the April 2, 2010 version of the New RESPA Rule FAQ.

The new Home Affordable Foreclosure Alternatives (HAFA) Program has started and we should see the short sale process speed up a bit.  As I understand the program,

• lenders will now determine a value up front.
• They will give the listing agent 120 days to sell the property.
• They must accept any offer at or above the listing price.
• And they will give the sellers $3,000 in relocation expenses. 

Click here to read more about the New HAFA Program.

I'll bet all of us know someone who is in trouble financially and at risk of losing their home. The Borrower FAQ addresses everything from modification options to short sale programs.  Pass this along to someone who needs help.

WHICH BOUQUET DO YOU PREFER?

Whether or not you have a green thumb, you probably know that gardens may contain either annual or perennial flower varieties. Annuals are fun to grow for several reasons: 1) they sprout quickly from seeds, 2) they flower the first year, and 3) their colors can be brilliant and most pleasing. They are also less hardy and die out at the first sign of frost. Each spring, new seeds must be planted.

Perennials are another story. Growing from seeds, they take longer to sprout and rarely flower the first year. Their colors are more subtle hues, and they require more attention in the early stages. They must be cut back in the winter and covered with mulch, and may require fertilizer in the spring. They also come back year after year, returning with stronger roots, greater beauty and abundant growth. With time, they require less and less attention, yet continue to prosper. No matter how cold the winter, they always return with renewed vigor.

Friendships and business relationships are a lot like flowers, and may also be either annual or perennial in nature. They may be quick to bloom and most enjoyable to experience, yet fade quickly at the first hint of trouble.

Others grow more gradually through trust-building and respect. They may not dazzle the senses or leave us breathless, yet they are consistent, trusting, and produce a warm glow that hardly fades when tested by adversity. These relationships grow over time, and produce an abundance of lasting beauty.

In business, as in personal relationships, the best things in life come with time and caring. When planning your life's garden this spring, why not devote your attention to the perennials? With an added touch of patience, you can look forward to the sweet fragrances to come.