private money

The Norris Group Real Estate News Roundup 4/10/13

Today’s News Synopsis: The Mortgage Bankers Association reported a 4% increase in mortgage applications from last week.  The Lender Processing Services reported about 500,000 delinquent loans were repaired in February, showing an increase in the number of fixed loan mods.  Zillow reported an increase in home prices with the increase in mortgage rates. In The …

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The Norris Group Real Estate News Roundup 4/9/13

Today’s News Synopsis: The number of job openings in February increased to their highest in five years at 3,925,000.  In a big week for foreclosures, consumer groups including the Consumers Union and Center for Responsible Lending are urging mortgage servicers to come up with efficient ways to prevent foreclosures.  In addition, borrowers who were covered …

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James Spiotto Joins Bruce Norris on the Real Estate Radio Show #275

This week Bruce Norris is joined again by James Spiotto. Off-air Bruce and James were talking about the trustees’ responsibility and mandate. One of the things Bruce read about was the Board of Trustees Responsibility had to do with CalPERS, and from reading it he realized it boxed them into something that seemed so confining …

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The Norris Group Real Estate News Roundup 4/23/12

Today’s News Synopsis: According to the National Association of Realtors, more people are able to afford houses.  Home prices decreased in March with the increase in distressed properties.  Mortgage payments are also at low levels not seen in several decades.  Americans fear job losses and rising gas prices more than household debt. In The News: …

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Real estate investing and hard money in a down market #150

Bruce speaks with Craig Hill again regarding hard money loans and trust deed investments at the Norris Group. This week Craig discusses preferred characteristics for a hard money borrower. With over 20 years in the hard money business, Craig has important discernment skills that protects our money sources. The Norris Group only loans in California so The Norris Group offers local insights and prides itself on an excellent track record. Bruce and Craig discuss why The Norris Group does not offer pooled (also known as fractionalized) trust deed investment and why they prefer their one-on-one method and the risk-saving features it offers. Bruce Norris and Craig Hill also discuss the new long term hard money program currently available.

Craig Hill with The Norris Group #149

This week Bruce Norris is joined by Craig Hill. Craig Hill is The Norris Group’s hard money loan officer and California trust deed investments manager. Bruce and Craig talk about things going on in the current market, how they started working together, and the mind set of current investors in the market place.

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