4/3 10 17/2020 X X Agenda Greetings Welcome New Members to USREOP - PowerPoint PPT Presentation

4/3 10 17/2020 X X

Agenda � Greetings – Welcome New Members to USREOP � Conference Calendar – Upcoming Conferences/Events � Economic Outlook – Where are we & what’s coming? � Monthly Topic – Covid 19 Resources/Stimulus

Greetings � Welcome to the Call � New members: � If you know someone that you feel would benefit from being associated with this AWESOME GROUP � Refer them to Mary and Angela

Conference Calendar � Best Source: https://www.usreop.com/events/list/ � Green River Capital Symposium (SLC) 3/11/20 – 3/13/20 � US REO Partners Luncheon (SLC) 3/11/20 � California MBA Legislative Day (Sacto, CA) 3/23/20 � The Five Star Government Forumn (D.C.) 4/1/20 � NRBA 19th Annual Education Conference (LV) 6/3/20 – 6/6/20 � REOMAC 7/18 ‐ 7/20 @Gaylord Rockies, Denver � USREOP Client Appreciation & Charity Event (Dallas) 9/13/20

Economic Outlook � Here in WA we have been deemed “Essential” � Can Allow Showings � No Open Houses � Only 2 in a Property at a time � Do everything remotely that we can. � The Market Slowed about 30%, but stabilized and is now growing. � We track each of the following daily: � New Inventory � New Pendings � Price Increases/Decreases � New Cancellations/TOMK � Closings

Economic Outlook � This then allows us to speak intelligently about the market: � 41% Increase in New Inventory from the week of 3/30 to the week of 4/6 � Historically there is a jump in showings of 10% following Easter, but this year it was 29% � Which indicates that there is pent up demand � We can speak to the 30% decline in listings to the stabilization to the return!

Monthly Training

Be a Resource � We Are All Resources for a variety of people � Asset Managers � Retail Clients � Agents � Sphere of Influence � Family Friends

Be a Resource � Part of Being a Resource means � Assessing the Present � Predicting the Future � Offering Guidance � So… � Let’s Make Sure We Are Giving Good Advice!

Available Aid/Options � Potential for Forbearance � Varies by Servicer � Varies by Loan Program Within the Same Servicer � Make them call THEIR Lender � Not just listen to what someone else said! � Check with Fannie/Freddie Before they Call

Available Aid/Options FNMA - https://www.knowyouroptions.com/loanlookup FHLMC - https://ww3.freddiemac.com/loanlookup/

Available Aid/Options � Stimulus Funds for Individuals � CaresAct Checks ‐ $1200 if < $75k in income, plus $500 per child under 16 – these are already going out � Enhanced Unemployment – eligible recipients will get an additional $600 per week until 7/31/2020 � Has been expanded to include Self Employed and 1099

Available Aid/Options � Stimulus Funds for Businesses

Closing � Does anyone have a struggle that they want this POWERFUL Group’s ideas on?

Ed’s Contact Details � E: ed.laine@hometownadvisorre.com � P: (206) 229 ‐ 5515 � A: 2331 130 th Ave NE, Ste. 100, Bellevue, WA 98005 � Service Area: King, Pierce, Snohomish Counties (and beyond for some clients…) � For Training Videos: � https://www.youtube.com/user/MrEdlaine1967/ � For Blog: � https://www.realestateanswers.guru/