The Solomon Free Money Hour will air on Housecat Housecalls Saturday, June 27, 2009

Animal Planet's Housecat Housecalls are featuring Kerri Kasem and her cat on Fred & Lisa Solomon's Real Estate Talk Radio Show: The Solomon Free Money Hour, Saturday, June 27, 2009 on Animal Planet at 10:30 a.m.PST. with a special encore, June 28, 2009 at 8:00 a.m. PST. 

Why is Fred and Lisa Solomon on a cat show?  Radio and TV host Kerri Kasem rarely goes anywhre without her cat, Kid D.  "Kerri loves her cat no less than a mother loves her child, so I said, bring him to the Angels AM 830 Studio and let's get Kid D exposed to some real estate jargon," says Lisa Solomon.

To read the Daily News article on Kerri Kasem and her kitty, go to: http://www.facebook.com/ext/share.php?sid=88115543807&h=Aak_t&u=OocI5&ref=mf 

Free Foreclosure Workshop: How to Find & Buy Foreclosure Properties

http://www.freemoneyhour.com/webinar15.php

The time is now to profit with foreclosures!!! A "Perfect Storm" of economic events has made investing in California foreclosure properties an incredible opportunity -- and now's the time for you to profit...

With a deep recession, mortgage crisis, adjustable rate mortgages re-setting, balloon payments coming to term, borrowers losing equity in their homes, a home market turned upside down by recent events, and a tidal wave of foreclosure filings, there are literally thousands of foreclsoures, short sales, REOs, and under-valued properties in Southern California --many in your area--ready to be purchased far below market value.

Join us for this free two-hour foreclosure workshop that will change your life. Led by Lloyd Segal & Fred Solomon. Lloyd is known as "California's Leading Foreclosure Expert," and author of "Stop Foreclosure Now" (recipient of 2008 Award for best personal finance book by USA Book News), and "Stop Foreclosure Now in California."

The live workshops are conducted throughout California at various locations. If you'd like to register, please input your info below for the next free workshop in your city.

According to Retran foreclosure services, foreclosure filings surged in 2008, and are now exploding in 2009, as California (the state that once enjoyed a white-hot housing market) is now seeing the greatest number of loan defaults and foreclosures in the state's history.

The current rise in foreclosures is an incredible opportunity for you to achieve the privileged life you've always dreamed about not years from now, but months from now. Lloyd's Foreclosure training will reveal the specific foreclosure investing strategies and techniques that have been used again and again by foreclosure investors to purchase these properties substantially below market.

Learn how to find great deals. Take advantage of the tidal wave of foreclosures. This is a once in a lifetime opportunity to profit with the dramatic downturn in the real estate market. There are thousands of properties and distressed homeowners in your area, and they need your help! Attend the next free workshop in your city and expand your knowledge, increase your wealth, and create your own "retirement plan."

At this exciting free workshop, you will learn:

1. California's non-judicial foreclosure procedures.
2. How to find foreclosure properties.
3. How to contact homeowners in foreclosure.
4. What to say (and not say) to these distressed homeowners.
5. How to structure the deal (and create a win/win situation).
6. How to purchase properties without your own money or credit.
7. How to buy "short sales."
8. How to buy at trustee's sales.
9. How to buy REOs from the lenders.
10. Stay in compliance with California foreclosure laws.

To join, choose from one of the following classes. http://www.freemoneyhour.com/webinar15.php

The maximum conforming limit has been increased to $729,750 until the end of 2009

Great News!

The maximum conforming limit has been increased to $729,750 until the end of 2009.  Now, there are there are loan amount restrictions based on where you live. To see, what the maximum conforming limit is in your area, feel free to email us at info@sfmdirect.com

Home sale activity increases during the summer months and decreases during the winter months.  Using this information, the best time to sell would be during the summer and the best time to buy would be during the winter.  How many people do you know are looking to purchase homes on Christmas Day?   However, with the housing crisis still unfolding, there may be hesitation to buy.  In our book  Put Your Money Where Your House Is: The Definitive Guide to Smart Real Estate Investing, several chapters are dedicated to buying and financing your home and What Determines Home Prices. 

People often say to me, “Since mortgage rates are at all-time historic lows, how can I pass up this buying opportunity?” At our workshops, I ask: “By a show of hands, how many people think it is a good time to buy right now?”  The answer consistently points to 99 percent of the people raising their hand.  In fact, I am actually seeking out people who don’t have their hand raised to ask them why they don’t think it is a good time to buy.  

Then, I start explaining some compelling statistics like:

• In 2008 we had 2.6 million homes go into foreclosure.  
• Currently, 3% of the 120,000,000 US homes (3.6 million) are in foreclosure and another 8% (9.6 million) are at least 60 days late.  
• The loan business is an $11.8 Trillion business.  
• According to a recent 60 minutes special, they are predicting $2.6 Trillion of the $11.8 Trillion of loans to go into default by 2011, which is 22% of all outstanding loans in the US.  
• We are in the 4th or 5th inning of a 9 inning baseball game as CBS 60 Minutes Reports at: http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml

Now, after explaining all these statistics, the next question I ask is, “Out of the people who just raised their hands, how many people think property values are going down with all these foreclosures we have now and the ones that are coming?”  What percentages of people raise their hand?  All of them.   I reply, “You all are telling me that it is a good time to buy, but real estate prices are go ing to drop? If a foreclosure closes in your neighborhood, what happens to the value of your property, up or down?” 

Now, another important question I ask is, “How many people want to buy a stock if you know the stock price is going to go down in value after you buy it?”    So here is my point and the difference between real estate and stocks.  When people buy stocks/mutual funds they pay cash for the entire amount.  When people buy real estate, a very large percentage of people finance the transaction.   The moral to the story:  If you are paying cash, you might want to wait to see what happens with property values over the next 12 – 24 months.    Recently, we had a bank account faxed over to the office with about $35 million in it.  My client, John Doe (for confidentiality purposes I am using a fictitious name.)  John wanted to buy some foreclosures and REO’s (Real Estate Owned meaning bank owned properties).  I asked John this question, “How are you going to pay for the properties?”  John’s response was, “With cash.”  I replied, “I would love the business, but are you aware of what is going on right now?”  I went over all these statistics with him and further explained that you should probably hold off to see what happens over the next 1 – 2 years.  He agreed.   I perfectly talked myself out of a big transaction because this client had a lot of cash versus the concept of OPM (other people’s money, i.e. loans).  

OPM Concept and Why It Makes Sense to Buy Today:  If you are like most people and you are going to finance the property, now is probably a great time to buy due to all-time historic low rates and the incredible financing Solomon Financial can get for you.  There is no guarantee that rates are going to remain this low, if/when property values come down some more over the next 1-2 years.  So, you rather take the guarantee and have all-time record low rates and know that as long as you own the home for at least 7 years (from my chapter called Own Your Home for 7 Years in Put Your Money Where Your House Is), it is going to be worth more than what you paid for it.  That’s my personal investment philosophy and what my family has done who are also real estate investors.

The State of California and the Federal Government are doing whatever they can to help ignite the ailing Real Estate market and have added a few more incentives (up to $18k in tax credits) recently.

Ø  If you buy a newly constructed home in the State of California, the 1st 10,000 people ($100 million allotted to this program) get a $10k tax credit.  If you are a 1st time homebuyer (or you haven’t owned a home in the last 3 years), the Federal Government is also giving a $8k tax credit as well.  So, you could qualify for up to $18k of tax credits in California if you are a 1st time homebuyer and are purchasing a brand new home.  

Ø  Finally, some better news in Real Estate - the Pending home sales index based on purchase contracts signed in March rose 3.2% as first-time buyers waded into the market to take advantage of favorable prices and all-time historic low interest rates. Read the New York Times Story on Existing Home Sales Rise for a Second Month: http://www.nytimes.com/2009/05/05/business/economy/05econ.html   

 Additionally, if you want to know if you qualify for Government tax credits by purchasing a new home in California or qualify as a first-time home buyer and get up to $18,000 in tax credits, the timing could not be any better.

Oh, By The Way... If you know of someone thinking of purchasing, refinancing, prequalifying, divorcing and needing loan options, 1031 Exchange, Investing Using Your IRA,  lowering their rate through a federal loan modification, buying foreclosures (FHA loans) or short sales, or attending my networking, real estate/loan industry training bootcamps, please let me know. We’ll be happy to follow up and take great care of them.

I promise that I will be there for you, your family, your friends and your associates by offering you more than any other mortgage and real estate professional will give you.  THIS IS MY CONTINUED PLEDGE. If you need anything before you hear from me, please call me or my team at (888) 305-1408. 

 Leading the way to help our clients, buyers, sellers, investors and Realtors® make smart, informed decisions.

The Solomon Free Money Hour Investment Talk Radio with Kerri Kasem now airs live every Saturday on Angels AM 830.

Network with us; come onto our radio show as a guest. For more info, e-mail lisa@sfmdirect.com

How Owning Real Estate Can Provide Tax Savings To California Investors

CLick on our press release: http://www.transworldnews.com/NewsStory.aspx?id=87475&ret=AccountSummary.aspx

The maximum conforming limit has been increased to $729,750 until the end of 2009.  Now, there are there are loan amount restrictions based on where you live. To see, what the maximum conforming limit is in your area, feel free to email us at info@sfmdirect.com

 

Home sale activity increases during the summer months and decreases during the winter months.  Using this information, the best time to sell would be during the summer and the best time to buy would be during the winter.  How many people do you know are looking to purchase homes on Christmas Day?   However, with the housing crisis still unfolding, there may be hesitation to buy.  In our book  Put Your Money Where Your House Is: The Definitive Guide to Smart Real Estate Investing, several chapters are dedicated to buying and financing your home and What Determines Home Prices. 

 

People often say to me, “Since mortgage rates are at all-time historic lows, how can I pass up this buying opportunity?” At our workshops, I ask: “By a show of hands, how many people think it is a good time to buy right now?”  The answer consistently points to 99 percent of the people raising their hand.  In fact, I am actually seeking out people who don’t have their hand raised to ask them why they don’t think it is a good time to buy.  

Then, I start explaining some compelling statistics like:

 

• In 2008 we had 2.6 million homes go into foreclosure.  
• Currently, 3% of the 120,000,000 US homes (3.6 million) are in foreclosure and another 8% (9.6 million) are at least 60 days late.  
• The loan business is an $11.8 Trillion business.  
• According to a recent 60 minutes special, they are predicting $2.6 Trillion of the $11.8 Trillion of loans to go into default by 2011, which is 22% of all outstanding loans in the US.  
• We are in the 4th or 5th inning of a 9 inning baseball game as CBS 60 Minutes Reports at: http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml

How Owning Real Estate Can Provide Tax Savings To California Investors

 Be sure you are taking advantage of all government tax incentives that are available to you.  The Solomon Free Money Hour Talk Radio Show, sponsored by Solomon Financial Mortgage & Realty, airing on Angels AM 830, Saturday, May 9th is having guest, David Solomon, from Solomon Ross, Grey and Company live at 1 pm PST.  Solomon, Ross, Grey and Co. are Certified Public Accountants.  In fact, Fred Solomon, Sr. was recently recognized as one of the top 25 CPA’s by Los Angeles Business Journal.  Many of their clients own large real estate portfolios and/or businesses.  

David Solomon will discuss many different tax incentives that are available. Often times people are not taking all their deductions and they do not even know it. Knowledge is power. David Solomon says, “When we review people’s tax returns, the amount of potential tax deductions people are leaving on the table can be eye opening -- especially, when you are talking about large companies.”   “A lot of people don’t know that you can purchase real estate with the funds from your IRA,” adds Solomon. 

There are many tax hiring benefits that people do not know about in California.  A lot of real estate investors do not know how they can benefit by accelerating the depreciation on their improvements (on investment property), and how by owning investment property can benefit you and what “chattel” means. 

Additional tax benefits are the GO Zone bonus depreciation where you can take a 50% first year bonus depreciation of the improvement – the cost of the structure (if you qualify), as well as other ways to reduce your taxes by Incorporating.

You can listen live anywhere in the world to the tax deduction discussion on The Solomon Free Money Hour at Solomon Financial's site, call in during the show live to get your questions answered or e-mail info@sfmdirect.com. For additional information, contact Solomon Financial: 800-811-7709.
www.freemoneyhour.com/the_solomon_free_money_hour.php

What Determines Home Prices? Contest Question

Contest Question: When is the best time to lock into a 30 year fixed rate? Be on air and win prizes

Question:  When is the best time to lock into a 30 year fixed rate?

Nick Newmont Guest on The Solomon Free Money Hour

On our recent show with Fred Solomon, Lisa Solomon, Kerri Kasem.  Special guests were Mike Poole, bankruptcy attorney on how to reduce your debt, debt consolidation, who is a candidate for BK and offered free consultations.  Psychic, healer, Nick Newmont entertained us with his predictions on the economy. 

Interest rates remain at historical all time lows.  Fred Solomon gave an updated real estate and economy report. Solomon says, "Lock in today into a 30 year or 15 year fixed rate. This may be the last time you ever have to refinance again."  For a free consultation or good faith estimate review, go to http://www.freemoneyhour.com/loancost.php

Nick Newmont Guest on Our Show

On our recent show with Fred Solomon, Lisa Solomon, Kerri Kasem, Mike Poole, bankruptcy attorney, Nick Newmont entertained us with his predictions on the economy. 

Interest rates remain at historical all time lows.  Fred Solomon says, "Lock in today into a 30 year or 15 year fixed rate. This may be the last time you ever have to refinance again."  For a free consultation or good faith estimate review, go to http://www.freemoneyhour.com/loancost.php

The Official Obama 105% Refinance

How to Get an Affordable Mortgage Today
“How do you know when you qualify for a Obama 105% refinance or a loan modification?“ asks Fred Solomon, author, broker and radio show co-host of the Solomon Free Money Hour.  In order to qualify for Obama’s new 105% refinance plan your loan to value cannot be any higher than 105% LTV (loan to value).  In other words, if the value of your home is $400,000, your loan cannot be any higher than $420,000 (5% higher than the current market value)" adds Solomon.

Solomon Financial is now able to offer the 105% refinance to homeowners.  It is imperative to state that interest rates are at all-time historic record lows, lenders are laying people off, and foreclosures are at all-time record highs.  "What does this mean for you and me?  The best anology I can give you is, 'It is a beautiful summer day at Disneyland and they are having a huge 50% discount on ticket prices, and they just laid off half of their employees.  It’s going to take awhile.  Furthermore, there are a lot of things we need to check in order to see if you can qualify for this program before you get too excited.  You can’t have any lates on your mortgage.  It has to be a Fannie Mae or Freddie Mac loan and a few other things we will have to look up.'" says Solomon.

If you do not happen to qualify for the Obama 105% refi plan, be prepared to be lied to and listen to the lender's scare tactics.  This is a $75 billion bailout geared towards refinancing / loan modification.  The additional questions we will help you with are: How do you know how to figure out a 31% front end ratio?  How do you figure out if the lender is lying to you or not?  How do you negotiate with someone who is lying straight to your ear?  I guarantee that if you call the lender yourself, the lender will lie to you.  People don't want to believe that. 

Channel 11, in conjunction with Solomon, is doing a huge story on clients who got taken advantage of. "We have example after example of clients who were lied to," reports Solomon.   Solomon Financial Team has dissected the Obama Plan to develop a special software program that lets you input your numbers to determine your qualification for a home loan refinance or federal loan modification.  This unique formula combined with an exclusive calculator determines if you qualify.  "It takes us five minutes to figure out if you will qualify or not," adds Solomon.  For  more information, or to see if you are eligible, go to: http://www.freemoneyhour.com/loancost.php  for a free consultation.

“My office took this new Obama plan and we have dissected it for you.  The first thing we look at is to see whether you qualify for a regular refinance or not.  If not, we look at the new Obama refinance plan up to 105% loan to value.  If you are too far upside down, then we look to see if you qualify for a loan modification or not,” adds Solomon.  For a free consultation to see if you are eligible for a refinance, purchase loan, or Federal loan modification by a Solomon Financial loan advisor, call: (800) 811-7709.

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