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Democracy in Housing Volume 2, Issue 3 - January 2012

CENTRAL VALLEY REALTIST ASSOCIATION (CVRA) Local Chapter of NAREB / CAREB – Trade Organizations A local chapter of the National Association of Real Estate Brokers, Inc. ® (NAREB®). CVRA’s state chapter is California Association of Real Estate Brokers (CAREB®). CVRA® was established in December 2009 and chartered in August 2010. We are based in Stockton, CA –serving the surrounding communities of the San Joaquin/Stanislaus and the Central Valley. A CVRA Member is a Realt

In the Real Estate Arena 1.

HARP 2.0 (Refinance Program) is live!

Do your research on this new program, in order to be ready for the questions that your clients will have. (Credit Score question: Is 620 credit score required?) Answer: This requirement is being waived for DU Refi

Plus loans because Fannie Mae already owns the risk on the loan and the DU risk assessment automatically determines the borrower's ability to repay. At this time, the minimum score of 620 is only required for loans undergoing manual Refi Plus transactions that will result in an increase in payment that is greater than 20%. Get more info: http://www.makinghomeaffordable.gov/programs/lowerrates/Pages/harp.aspx 2. Freddie Mac to give unemployed homeowners a break.

Community NEWS January is Martin Luther King Month MLK Day observed on Jan 15th Celebrating the sacrifices he made for Freedom & Civic Rights. CVRA solutes Dr. King and shall never forget the struggles he fought and died for. January 18 and 19th – Sponsored By: Wells Fargo Bank (Wells Fargo Customers Only) – Stockton Arena, Main Entrance 248 West Fremont St., Stockton, CA 95203

2012 Business Boosters

Starting Feb. 1, servicers can now unilaterally allow borrowers to skip

payments for six months, and add on another six months with Freddie's approval. The missed payments would be added on the loan balance unless the borrowers separately obtain a loan modification waiving that measure. 3.

Five free tool resources to think about as a real estate agent:

a)

Local Pricing – current housing pricing (sold, listed, pending)

b)

School ranking

c)

Developments in the community

d)

Surroundings / Outskirts of the area

e)

Low tax alternatives

Visit our website and see Our Year in Review (Click link) Take an additional $50 off each membership

How to Join CVRA - Go to www.NAREB.com. Broker ($235); Agent ($145); Affiliate ($200) JOIN NOW and SAVE $50 – Expires Jan 15, 2012 Happy New Year!

Minority Certification Workshop – Jan 19 – This workshop covers: The benefits and opportunities for minority certified real estate professionals, what is required to do a Self Certification and the benefits of applying for Small Business status. This is one in a series of ~2012 Business Boosters~. Jan 19 @ 12:30 -2:30pm Cost: $8 NAREB Members / $15 Non-NAREB Members Location: 3516 Deer Park Dr., Stockton 95219 HTTP://CVRA-BusinessBoosters.eventbrite.com

This is event is not just for real estate professionals it is for any business owner or anyone planning to be a business owner. This is community opportunity.

Central Valley Realtist Association - Mission Statement: The Mission of the Central Valley Realtist Association is to enhance the economic improvement of its members and enable, educate and empower the minority and underserved communities in which we live. CVRA 6507 Pacific Av Stockton, CA 95207. President: Rosemary

Brooks 209-479-2043 Email: CVRA.President@gmail.com Connected with Us: Website: www.centralvalleyrealtist.com Facebook: (Central Valley Realtist Association) : Twitter: (ValleyRealtis;) LinkedIN: (Central Valley Realtist Association)


CVRA UPCOMING EVENTS (WWW.CENTRALVALLEYREALTIST.COM)

Democracy in Housing Volume 2, Issue 3 - January 2012

CVRA’s 2012 VISION Central Valley Realtist Association 2012 Vision: To Communicate, Educate and Collaborate with our peers to help bridge the gap and to help strengthen “Democracy in Housing” in the communities in which we live.

More Opportunities Become a Chase Scholar Are you a young real estate professional with less than 3 years in the business? Are you interested in a free registration to the 2012 Mid-Winter Conference? Are you interested in developing local relationships to expand & grow your business? To apply for one of the Mid-Winter Conference Registration Scholarships simply submit the following information to nareb@nareb.com (there are a limited number of scholarships available and therefore will be offered on a first-come first-serve bases): • Length of time in Real Estate Industry • Real Estate Sales ~ last 3 years ( REO, Short Sales, FTHB) • Give a brief summary of your business focus, i.e., Low-to-Moderate Income, Ethnic borrowers, etc.? • How do you plan to leverage your attendance at the Mid-Winter Conference to jump-start your real estate business? Qualifications: • Must be a REALTIST Member • Must be a real estate professional Benefits: • Chase Business Development Managers will engage the Chase Scholars and facilitate their involvement with dedicated Chase Loan Officers in their respective areas. • Introduction to Chase's Loan Subsidy Program to help you market your home listings located in designated census tracts. • Learn that Loan Subsidy Program provides up to $1,500 to qualified homebuyers purchasing homes in specific areas. • Chase's Marketing Group will examine the Chase Scholars' listings and inform them of the properties where the Subsidy Program can be used as a marketing tool. To apply, forward your information to nareb@nareb.com (First come ~ First serve basis)

CVRA Presents – Resources for your ToolBox - Feb 16 12:30pm at 3516 Deer Park Drive, Stockton Black Expo – February 25 Time: 10-4pm Location: San Joaquin County Fair Grounds - Stockton NAREB Mid-Winter Conference – February 21-24 Miami, Fl. CVRA 2012 Installation Celebration – March 15 Details to be announced later Realtist Week – April TBA Time: TBA Location: TBA

Vendor Opportunities at each event ++++++++++

NATIONAL UPCOMING EVENTS (WWW.NAREB.COM) NAREB Mid-Winter Conference – Miami, Fl (Register: www.nareb.com) NAREB 2012 Annual Convention

Early-Bird Registration $150 (TBA) $199 Registration (Before March 1st, 2012) Register online: www.nareb.org Renaissance Cleveland Hotel 24 Public Square Cleveland, OH 44113 ++++++++++

CAREB UPCOMING EVENTS (www.CAREB.org) & Stayed tuned +++++++++++ Our goal is to see all our 2010 and 2011 members back as active members in 2012! We are a growing organization and your membership is important to us.

Want to be on our mailing list for CAREB Tech-Bizzy Newsletter? Email: Rosemary.techystuff@gmail.com

We Want you Back! Take an additional $50

off each membership

Central Valley Realtist Association - Mission Statement: The Mission of the Central Valley Realtist Association is to enhance the economic improvement of its members and enable, educate and empower the minority and underserved communities in which we live. CVRA 6507 Pacific Av Stockton, CA 95207. President: Rosemary

Brooks 209-479-2043 Email: CVRA.President@gmail.com Connected with Us: Website: www.centralvalleyrealtist.com Facebook: (Central Valley Realtist Association) : Twitter: (ValleyRealtis;) LinkedIN: (Central Valley Realtist Association)


CVRA - Newsletter - Jan 2012