From ABC News.....This WEEK!!!

This clip was inspiring and I hope you got to see it....it even mentioned our local areas and talked with a few local professionals....Also, there was a slight glimpse of a street I sold on last November, 2007, at 4minutes,55seconds.....hehe

http://www.realtytrac.com/RNshared/News/PressVideo/61.wmv

YOU ~ LIVE ON A GOLF COURSE?

Ever thought of LIVING ON A GOLF COURSE??

Some of MY CLIENTS have and DO....AND LOVE IT!!

Here are some properties that are currently available for your perusal:

Click the following URL to see the Listings:
http://www.mrmlsmatrix.com/DE.asp?ID=3434791178

Todd

AFFORDABLE INLAND EMPIRE PROPERTIES TODAY!!

Here are some properties that may be GREAT INVESTMENT OPPORTUNITIES FOR YOU or SOMEONE YOU KNOW.

THEY ARE MOSTLY UNDER $100k!!!
Thank You.
Todd

Click the following link to view NEW listings
http://www.mrmlsmatrix.com/DAE.asp?ID=30108154-263343936-21

Loan Forbearance Agreements Must Be in Writing...

This was interesting and informative and a topic probably about to be on your mind or the mind of someone you know soon....if it's true, read it, save it and/or pass it on....Thank You!!
Todd


A lender's agreement to forbear or refrain from foreclosing on a home must be in writing and signed by the lender, even if the borrower has performed on the agreement by making a payment. This was the ruling of the recent appellate court case of Secrest v. Security National Mortgage Loan Trust (2008 WL 4516413).


This case serves as a good reminder for REALTORS® and their clients to get loan forbearances, loan modifications, and other agreements with mortgage lenders in writing and signed.In this case, the borrowers of a home loan defaulted in 2002. In a phone conversation, the bank's loan resolution consultant agreed to enter into a forbearance agreement to refrain from foreclosing if the borrowers paid the arrearage by making an initial payment of $13,422 followed by monthly installments.


The loan officer then faxed an unsigned written forbearance agreement to the borrowers. The borrowers noticed errors on the proposed agreement, and at the loan consultant's instructions, they corrected those errors on the document itself, signed it, and returned it to the loan officer along with the $13,422 initial payment.


The lender, however, never signed the forbearance agreement. Instead, the lender sold the note and deed of trust, and two years later, the new lender filed a notice of default.The borrowers in this case filed a lawsuit to stop the foreclosure claiming that, because of the forbearance agreement, the notice of default overstated the amount of the default. The court disagreed.


The court noted that, under the statute of frauds, a mortgage loan must be in writing and signed by the party against whom enforcement is sought. Similarly, if an agreement is subject to the statute of frauds, an amendment to that agreement is also subject to the statute of frauds. The court held that, in this case, the forbearance agreement at issue was not enforceable because it was not signed by the lender.


The borrower nevertheless argued that a signed agreement was not required because they partly performed by making the $13,422 initial payment. Again, the court disagreed. The court ruled that the payment of money is not "sufficient part performance to take an oral agreement out of the statute of frauds," because the borrowers paying money under an invalid contract "have legal means to recover that money if they are entitled to its return or have not received credit for it."

Obtained from the California Association of Realtors ~ Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing nearly 200,000 REALTORS® statewide.

CAR PRESIDENT BILL BROWN ADMITS GROWN BIT SHAKY

http://seekingalpha.com/article/102125-outlook-for-homebuilding-stocks

From a Friend...an obvious joke!

You can do this too.....
http://www.cnnbcvideo.com/index.html?nid=tfVFCDP9osCQjgsU0uMePTQwMzM3NDg-&referred_by=2829003-W.u2n2x

Kaiser Permanente To Open Offices in Upland, CA

Kaiser Permanente to open medical offices in Upland

Ryan J. Orr, Rancho Cucamonga City Treasurer Candidate Statement

Candidate Statement: Ryan J. Orr, Rancho Cucamonga city treasurer

Ryan is a GREAT Guy!!

HERE ARE SOME AMAZING (REPO HOME & OTHERS) FINDS!!

I am GETTING more and MORE AWESOME DEALS, EVERY DAY!!!

Let me know, when you're READY & Let's GET YOU one (or two!!)

of them!!!

THANKS FOR YOUR CONFIDENCE!!

Your Real Estate Professional,

Todd

Click the following link to view NEW listings

http://www.mrmlsmatrix.com/DAE.asp?ID=29393201-294974046-25

HAPPY BIRTHDAY TO THOSE OF YOU WHO HAVE A BIRTHDAY THIS MONTH!!!

MY BEST,

Todd Picconi

FED CUTS INTEREST RATE IN MORE THAN US TODAY!!

http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/financial_meltdown

I had/have been telling clients that the interest rate should drop usually right before our election this year. GLAD to see this is TRUE.

HAVE A MARVELOUS WEDNESDAY!!
....AND, BUY THAT HOUSE!! YOU ALMOST CAN'T AFFORD NOT TO NOW.

"Congratulations to Hector and Carmen"!!
Looks like they may be my first clients to take advantage of the LOWER INTEREST RATES. WOOHOO!!

CASUAL ATTIRE

I have been invited to meet with a VIP....

AND also, told to dress casually....

WHAT SHOULD I WEAR?

Have a few ideas, just taking a poll to see

what kinds of suggestions that I get?

Thanks for your feedback...and guess I'll find out

if anyone is reading my blog now...

HAVE AN EXCELLENT DAY!!

HAPPY BIRTHDAY IN-N-OUT!!

In-n-Out’s 60th Year Anniversary is Wednesday, October 22nd.
All hamburgers will be sold for 25 cents, Cheeseburgers 30 cents, Fries 15 cents, and drinks are 10 cents!!! So mark your calendars!

Wall Street Journal Details Inland Empire Real Estate

I Found this informative....and hope you do also.
Todd


http://online.wsj.com/article/SB122334317101810201.html?mod=googlenews_wsj

Federal Reserve to Buy Massive Amounts of Short-Term Debt

This is G R E A T ! ! VERY INFORMATIVE and EXPLAINS the process well....
Hope you enjoy.....and Happy Tuesday!!

http://biz.yahoo.com/ap/081007/financial_meltdown.html?.&.pf=banking-budgeting

Saw Il Trittico.....@ the LA Opera

This was one of the FUNNEST nights I've had ALL YEAR

....a chance to dress up, enjoy some great music and CULTURE, too.

Here is a link so you can view what's coming up if you'd like:

http://www.losangelesopera.com/

INLAND EMPIRE PRIME SPOT FOR RENEWABLE ENERGY....SAYS STATE UTILITIES

Inland area prime spot for renewable energy, says state utilities ...