Danny C. Flucke Jr.

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Interesting article - And here is another perspective... High end real estate has already adjusted - With more to come - Certainly here in SoCal. Using the age-old "Factor of 100" for investing in rental properties - High end real estate is still way over priced. Example: A nice home is listed for rent in Huntington Beach. ( http://re.ocregister.com/for-rent/listing/196-S622073/Huntington-Beach-CA-USA/MLS-BROKER-ds/2000-4000-price/20-p/196-S615118--196-S613863--196-S604654--196-S619240--196-S620463--196-S616271--196-U10001193--196-S610394--196-S622073--196-S549495-ls/72-t ) Using the "Factor of 100" this $3500 rental should have a value of apx $350,000. Yet in this premium area the asking price is still over $1,000,000. (And $3,500 is a premium rent...) Now I'm not saying this home is only worth $350,000 - Since I'd write a check right now for it at that price. However it certainly does not support itself on a cash-flow basis with a reasonable downpayment in the range of 20/25/30/35%... Another Example: Typically a family can afford a mortgage for 2.5 times their household income. (A $100,000 income can support a $250,000 mortgage.) The current issue here in Orange County - Is the median income is $84,576 - While the median home value is still $439,238. (These are the last 2009 numbers: https://edis.commerce.state.nc.us/docs/countyProfile/CA/06059.pdf ) Even when you factor in dual incomes and the corresponding factor reduction to 2 times household income due to child/family cost increases - The median price of an OC home must drop to $338,304 to equalize. With record personal bankruptcies making future buyers unable to qualify - And record mortgage delinquencies/defaults - SoCal real estate has a way to go before it actually bottoms out. And the bottom is easy to call. Its the same as its been for the last three cycles... When a homebuyer with an 800 Fico/Credit score - 6mos worth of cash reserves left after a 20% down payment - Can qualify for a 30yr fixed mortgage without verifying their income - THATS the bottom of the market. And that scenario is still way off in the future... Thanx, Danny Danny C. Flucke Jr. - Your Personal Mortgage Expert PRMI - Primary Residential Mortgage Inc Direct: (714)624-9479

Great article - And a few more tips to add so struggling homeowners can avoid the stress and frustration caused by "typical" modification companies: 1) Ask for a written guarantee. If homeowners do not qualify - They should expect a refund. (Some companies offer 50% or a portion of the fee returned. We offer a 100% refund policy.) 2) Ask when the modification options are determined. Professional modification companies witha access to certified NPV/Data feeds will know EXACTLY what your modifications are BEFORE the case file is ever submitted to the lender. 3) Ask for referrals. Well established modification companies will be supported by local real estate agents and attorneys. When local professionals trust them with their clients - You can rest assured you will be treated fairly. Again - Great article. Thank you... Danny C. Flucke Jr. Senior Partner Nationwide Mortgage Experts, LLC Direct: (714)624-9479 DCFJ@NationwideMortgageExperts.com www.NationwideMortgageExperts.com / www.NaMoEx.com

The typical media tries to tell you the "bottom" is here - We would rather show you the truth: http:/ / tinyurl.com/ yzp79ox To summarize the newly released report: "Today one out of every eight American homeowners with a mortgage (12.5 percent) are either in foreclosure or delinquent in their payments. The nation's September 2009 foreclosure rate rose to 3.12 percent. (Month-over-month increase of 2.6 percent and a year-over-year increase of 88.9 percent.) Total U.S. loan delinquency rate: 9.37 percent Total U.S. foreclosure inventory rate: 3.12 percent Total U.S. non-current* loan rate: 12.49 percent States with most non-current loans: Florida, Nevada, Mississippi, Arizona, Georgia, California, Michigan, Indiana, Ohio and Illinois. ------------------------------------------------- YOU can help these homeowners - And rightfully gain extra income in the process. It is estimated 86% of foreclosed homes never properly applied for a modification - And 72% of foreclosed properties were NEVER LISTED FOR SALE..!?!?!?! By using our exclusive US Treasury based Certified Lender Subsidy Spreadsheet Analysis (CLSSA) - Your clients and prospects will know EXACTLY which modification/short sale subsidies they qualify for - And your access to that information POSITIONS YOU FOR EXPLOSIVE PROFITS - While delivering MAXIMUM BENEFITS FOR YOUR CLIENTS AND PROSPECTS. And it is very easy to get started right now - Click here for your zero-risk and zero-obligation ABA (Affiliated Business Arrangement) preview: http://namoex.com/contactus.html We will reply with your complete ABA Partner information package - Including examples of highly effective free and close-to-free marketing tactics other ABA Partners are using to quickly dominate their markets - And become the obvious choice to do business with... ( Could you use an extra $3,475 in 6 days - Or 7 Lender approved short-sale listings in 11 days...? ) Click or call us now - And lock-up your zip code areas..... Thank you, Danny Thank you, Respectfully, Danny C. Flucke Jr. - Senior Partner Nationwide Mortgage Experts Direct: (714) 624-9479 Email: DCFJ@NationwideMortgageExperts.com Websites: www.NationwideMortgageExperts.com / www.NaMoEx.com LinkedIn: http://www.linkedin.com/in/DannyCFluckeJr Plaxo: http://DannyCFluckeJr.myplaxo.com/ Inman: http://www.inman.com/user/22381 PS: Sooner or later – Someone you care about will need expert mortgage advice - When buying their homes – And refinancing or modifying their current mortgages. Please pass along our website and contact information. You can trust they will receive the same high levels of respect and diligence. Thank you.