BRAD HATTON EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Brad Hatton of Century 21 Mission-Bishop in Fremont, CA has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In the Fremont area, more than 800 homes are in danger of foreclosing, with more homes defaulting every day. It is happening in all price ranges and in all neighborhoods. Local experts say that even high-priced homes are not immune.
"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Hatton. "It is so rewarding to be able to help sellers save their homes from foreclosure."
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors such as Hatton with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
"Our goal is to educate as many people as possible so we can help as many homeowners as possible," Charfen said.
For more information about the CDPE designation and what Brad Hatton can do for you and your family, please contact him directly at 510-494-2120. Brad loves what he does and would appreciate the chance to help your family in any way possible.
Posted at 01:52PM Sep 29, 2010 by Brad J Hatton in Real Estate | Comments[0]
News & Testimonials
GREAT NEWS: I ranked 23rd, out of 2,720 agents in Century 21's Top Individual Producers within Northern California for the month of March!
2010 is off to a good start for my team. Katherine, Heather, Jason and I work together to make sure that every transaction is a success. We handle finance, marketing, and escrow coordination while ensuring that our clients are being taken care of and that their experiences are personalized and enjoyable. Teamwork has definitely been a key factor in my success so far this year.
Client Testimonials:
"I chose Brad because he has been a Realtor for 22 years. His longevity in the business and perseverance matters in this market. My wife and I especially liked his 'walking tour' of Fremont, it was the reason we decided to come and see what this city had to offer." - Client in Fremont
"Agent Hatton went out of his way to understand the Fremont area. We are so glad we moved to the area and that we worked with a native Realtor who really knew the area 100%." - Clients in Fremont
"Being Deaf, it has always been a challenge to buy or sell a home. Fortunately I found Brad. His fluency in ASL and culture made the experience rewarding and memorable. He has represented me in multiple transactions over the years now and continues to impress me. I refer all my friends to Brad!" - Client in Berkeley
"Mr. Hatton was prompt, thorough, and very aggressive on our behalf. He got us the best selling price for our home. Brad made sure that our home was marketed to maximize it's value and we would never work with another agent in the future." - Clients in Oakland
"Brad Hatton and his team worked diligently and really fought for our loan modification. Their team called the banks multiple times per week and didn't give up until we were making trial payments with the bank. We don't know what would have happened if we hadn't contacted Brad before our house foreclosed." - Clients in Union City
"Working with Brad was a very positive experience, especially for us, as first-time homebuyers. He was always available to us, even on the weekends. We loved working with an agent who actually cares about his clients." - Clients in Fremont
"I want to thank Brad for preventing our home from going into foreclosure. He negotiated a short sale by keeping the transaction together through all it's ups and downs." Clients in Union City
"I didn't know probate was going to be so complicated. Brad and his team worked with the probate attorney and organized a successful sale by avoiding costly filings and delays." Clients in Redwood City
"I was nervous moving to the Bay Area and was not sure where to live. It was reassuring to be represented by Brad, after learning his family had been in the Easy Bay for over 100 years. Time does matter! He knows the East Bay like the back of his hand." Client in San Jose
Posted at 02:55PM Apr 27, 2010 by Brad J Hatton in Real Estate | Comments[0]
Home Buyer Tax Credit Recently Signed into CA Law!
Great news for the real estate indusry -- the Homebuyer Tax Credit has been signed into California law by the governor. This further extends the tax credit, which began last year. It will continue to be available to both first-time homebuyers and current homeowners who are purchasing a new primary residence. The bill can provide as much as $10,000 each to first-time buyers of existing homes and any new-home purchaser, starting May 1. Schwarzenegger said he is expecting the bill and the extended credit not only to help more Californians become homeowners, but also provide more jobs.
Read the full article below for more details!
Also, visit our website and contact me to see how this can benefit you!
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C.A.R. Applauds Gov. Schwarzenegger's Signing Homebuyer Tax Credit Legislation Into Law
LOS ANGELES, CA-- (Marketwire - March 25, 2010) - (March 25) - The CALIFORNIA ASSOCIATION OF REALTORSĀ® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.
"We are pleased that Governor Schwarzenegger recognized the positive impact the tax credit will have for families hoping to buy their first home," said C.A.R. President Steve Goddard. "Successful passage of this legislation was the result of our efforts in Sacramento over the last several weeks as REALTORSĀ® and our team in the capital worked for the bill's passage before it landed on the governor's desk earlier this week."
California's previous home buyer tax credit program was so successful that it ran out of tax credits by the end of June 2009, eight months before it was set to expire and just as housing markets appeared to be turning a corner. Unlike last year's legislation, the Homebuyer Tax Credit signed into law today adds a tax credit for the purchase of an existing home by a first-time home buyer.
"The positive impact of the home buyer tax credit at the federal level is clear," Goddard said. "Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to C.A.R. research conducted last year. We expect the state tax credit for home buyers to have the same impact."
AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract executed on or before Dec. 31, 2010, will be able to take the allowed tax credit. The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years. Under AB 183, purchasers will be required to live in the home for at least two years or forfeit the credit (i.e., repay it to the state).
"AB 183 also will significantly contribute to efforts to stimulate jobs creation within California's housing market by helping to incentivize first-time home buyers to purchase homes that have been abandoned, foreclosed upon, and returned to the lender; or have been sitting on the market for extended periods of time," Goddard said. "It is these homes that will require substantial rehabilitation by the new owners, which will in turn generate a tremendous increase in jobs and accessory purchases connected to home improvement activities."
Posted at 06:46PM Mar 30, 2010 by Brad J Hatton in Real Estate | Comments[1]
Loan Services by Brad Hatton @ Century 21
Get a Loan!
Introduction
NEW for 2010 The Brad Hatton Team is proud to
announce we will be providing loan consulting services to all of our
existing and new clients. To start 2010 on the right foot we have
recently brought on an experienced professional from the lending world
to process loans for our clients exclusively.
Purchasing a home is
more challenging than ever now with constantly changing guidelines and
requirements. By providing lending services directly to our clients we
can offer the services that take advantage of recent changes to lending
requirements.
What Services Do We Offer?
Prequalification
The first step in the loan process for any client is prequalification. During this initial stage, we will work with the buyer to collect financial data, complete the required forms and submit paperwork for pre-approval. Prequalification is not only a necessary step to purchasing a home, it is a clear indicator of buyer motivation.
Purchase Loans
The most
important decision many families will make is the purchase of their
first home. With home prices and interest rates at historical lows the
market is attracting buyers from around the globe. We help clients
choose between a variety of available loan programs to find one that
fits their needs and plans for the future.
Refinance
Our office provides refinance services to eligible clients. There are specific risks and benefits to refinancing your home loan. Call our office so we can discuss your situation in detail.
Rates
Interest rates fluctuate
on a daily basis. Many borrowers get caught up in following daily rate
fluctuations; so much so they lose sight of the big picture. Look at the
chart below to see how rates have changed over the years. Interest
rates have declined steadily since 1980 and continue to stay in the low
5's. Though a higher interest rate can mean higher mortgage payments;
many buyers overlook the opportunity cost of buying the home with a
lower rate at a higher price.
All lenders have access to similar loan programs and rates. The key is to work with a professional that you know and trust and who can guide you through your purchase and answer questions along the way.
How Do I Get Started?
Simply click on the "Contact Me"
page on the lower left section on this website, fill in your information
and click "send request" at the bottom of the page. We will respond to
your request within 24 business hours.
Questions?
(510) 494-2120
bhatton@signlanguagerealestateagent.com
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Posted at 01:12PM Mar 12, 2010 by Brad J Hatton in Real Estate | Comments[0]
BULK REOS - Century 21 and Brad Hatton Selling Wholesale REOs
Introduction - What are Bulk REOs?
Bulk, or wholesale real estate owned ("REO") properties are homes that the bank has taken possession of as a result of the nonperformance of the borrower. Across the United States thousands of homeowners are defaulting on their mortgages for a variety of reasons. The banks, left with huge inventories with no way of effectively divesting these properties, turned to their asset managers to sell these homes in large packages. Most lenders have fewer than five asset managers, thusly making developing relationships with these asset managers very difficult. We work directly with a local company that has fostered relationships with dozens of asset managers representing some of the largest US banks, the FDIC and government sponsored enterprises including Federal Home Loan Mortgage Corporation (FHLMC) or Freddie Mac and Federal National Mortgage Association (FNMA) or Fannie Mae.
How do I make money with Bulk REOs?
These large packages of bank owned properties are sold in groups ranging from $500,000 to upwards of $10 million dollars. Our investors purchase these groups of properties wholesale and entrust Century 21 to resell the homes quickly on the retail market for a profit. These properties are typically purchased in bulk for approximately 70% below their fair market value. After the properties are purchased, the owner can resell, rent or auction the homes.
Considerations to make when Purchasing Bulk Reo Packages
Who will sell, rent, or land contract the property after I have purchased them?
Our national brokerage can do just that. Century 21 is the LARGEST international brokerage in the world. With over 40 years in the industry, Century 21 International leads the way in developing progressive investment strategies through the development of new investment opportunities.
How do I deal with tax and legal issues when working with properties in different states?
When working with properties located across the country it helps to have a central point of contact to answer all real estate questions. Century 21 has offices in every state and in all major US regions. We have access to national and regional offices whose staff of legal and tax professionals are available to call upon when needed.
What if the package I am bidding on does not meet my specifications?
Packages of homes become available at all times. If the package you are looking at does not fit your needs you can forgo the package and bid on the next.
What is the timeline for making a decision?
Once the funds are verified and the documents are in place, you have 48 hours to perform any due diligence. The due diligence will be performed by a combination of the investor, our office and third party vendors. The process varies by investor, but normally involves reviewing the title records, available images of the property and evaluating both local and regional economic indicators and trends.
What do I need to do to get started?
Please contact our office using the information below. We require a minimum investment of $500,000, in liquid funds that are verifiable. We also conduct interviews with all our investors to ensure that our investment opportunities meet their needs.
Where can I go to learn more about Bulk REOs?
We are available 24/7 via e-mail at bhatton@signlanguagerealestateagent.com and via telephone at (510) 494-2120. Other forms of communication i.e. Skype are also available for international investors.
VISIT WEBSITE
Posted at 12:58PM Mar 12, 2010 by Brad J Hatton in Real Estate | Comments[0]
