Illinois Real Estate Agent Wins National Chili Cookoff Title

October 26, 2009
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Here’s an unusual story that could be a good example for the thousands or millions of real estate agents out there. Maureen Barrett, a real estate agent from Illinois, has recently conquered the 43rd International Chili Society’s World Championship Cookoff in Charleston, West Virginia. But aside from winning $25,000, she has now given herself a distinct identifier which makes her a stand out among the other real estate agents.

Lots of real estate agents are coming in and out of our way every now and then but none or only few of them stay in our minds. This is because they are all just the same and only some of them…

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Filed Under: Real Estate, Real Estate Agents

Californian Realty Agent Sentenced For Investment Scheme And State Income Tax Evasion

October 7, 2009
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A real estate agent from Cucamonga, California, who is named as Richard Nazabal, was sentenced recently for a real estate investment scheme which he perpetrated year 2006 and 2008. This scheme includes counts of grand theft and state income tax evasion.

Richard Nazabal has pleaded guilty for these charges and was sentenced to nine years imprisonment, and restitution with amount yet to be identified. The amount for the restitution verdict will include his unpaid tax, interest, investigation costs, penalties, and refund to his victims.

From 2006 to 2008, Nazabal was said to fraudulently acquire as much as $2,400,000 from several investors and lending institutions. According to his victims, Nazadal promised them that…

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Filed Under: Mortgages, Real Estate Agents

Real Estate Agent And Loan Officer Charged For Mortgage Fraud

September 14, 2009
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Two men from Denver, Colorado were charged by the federal grand jury for devising a mortgage fraud scheme which includes wire fraud. These two are named as Cedric Lipsey, a real estate agent, and Philip A. Martinez, a loan officer and mortgage broker.

The indictment says that Cedric Lipsey was helped and supported by Philip Martinez to formulate a scheme that would defraud mortgage companies which began last April 2004 until March 2006. Lipsey and Martinez were said to purchase and resell several residential properties by paying for what they called as “investors” who are tasked to obtain the mortgage loans to purchase the properties. After they have acquired the loans,…

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Filed Under: Real Estate, Real Estate Agents, Real Estate Fraud

Real Estate Agent Sentenced For A Fraudulent Investment Scheme

August 30, 2009
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If you are planning to invest on a real estate, you should take some precautions especially if you’re dealing with real estate agents like Veronica Sanchez Gallegos who pled guilty on several counts of felony charges in relation to her fraudulent investment scheme.

Veronica Sanchez Gallegos has pled guilty on August 6, 2009 for defrauding six victims including a 65 year old elder. It was reported that she was able to get a total of $1,289,000.00 from these victims where five of them have invested $40,000.00 to $622,000.00 while the elder invested almost all of her savings that amounts to $244,000.00. All of these victims are expecting a good return from…

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Filed Under: Real Estate Agents, Real Estate Fraud
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While Redfin becomes Profitable, Real Estate Quivers

July 16, 2009
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Today, we all rely on technology to get things done. We have the internet, computers and other machines to help us. Glenn Kelman thought of combining brokerage and online technology and so now we have Redfin. It is a real estate brokerage like Century 21 but you can access it online like E-Trade. They give their clients personal service and the access to online tools to buy a home.

Back in 2006, Redfin’s revenue was just $1 Million, come 2007 it turned to $5 Million, and right now they are saying that their running rate is around $15 Million. A great big leap for them but not for the real estate…

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Filed Under: Real Estate, Real Estate Agents, Real Estate Investment

Brokers Innovate; Offer Unemployment Insurance

April 6, 2009
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The real estate race has gone to a different level. This time, the most creative real estate company that can offer the most creative deals will get the most number of customers if there is such a number in today’s recession-filled economy. When it comes to creativity the Howard Hanna Real Estate Services may just top the race with its offering of an insurance plan for clients who may find themselves out of a job someday while their mortgage is still going on.

The strategy is expected to calm the jitters among potential home buyers who are hesitant to invest in a house due to job security problems. Unemployment is on…

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Filed Under: Lenders, Real Estate Agents

Lawyers Now More Visible In Home Buying Transactions

February 23, 2009
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When you feel that real estate brokers, mortgage bankers and other real-estate related professionals are just looking after their vested interest, hire a lawyer instead.  You can somehow be assured that your best interest is being looked after.

In Florida where cases of foreclosures have soared, residents especially those living in the South are now seeking the services of lawyers. This is what the Central Florida Real Estate Council has noticed.  However, this practice is not yet widely adopted in Central Florida.

Well, hiring legal counsel at the start of any real estate transaction would be a lot less costly than taking action late when deals have already turned from bad to worse especially now…

Closure Of Real Estate Office Leads To New Business

February 20, 2009
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“Blessing in disguise”, might well be the appropriate term for the closing of one door for Ron Nester, Jr. and Huey Mitchum, former Lake Marion Realty agents. Company restructuring paved the way for the closure of Lake Marion Realty as well as Wyndham Vacation Resorts Lake Marion. This meant immediate unemployment for the two but not for long since it encouraged them to open up their own real estate office right where their former office was located and that’s at 9161 Old Number Six Highway..

Aside from keeping the office space, Nester and Mitchum also decided to keep the Realty name and the company’s website. The new realty office, which is…

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Filed Under: Real Estate Agents

Real Estate Agents Take advantage of The Internet

February 7, 2009
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The Internet is a fast rising star not only within the techies community but also within the halls of the real estate industry sector. Real estate agents are finally catching up with the increasing rate with which home buyers are using the Internet to seek new properties in the market. This time, they refused to be left behind and have started to maximize the benefits of the World Wide Web by making it part of their marketing strategy. Check out the Network Communications report which shows that real estate agents are using the Internet as a primary way of targeting and reaching new clients.

This may be good news and is…

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Filed Under: Real Estate Agents
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