Archive for June, 2010

MN, ND and NY now approved

Friday, June 25th, 2010

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More good news! The states of Minnesota, North Dakota and New York have been approved for HomeVestors to sell franchises!

Time for Ug to get to work buying more Ugly Houses!

Virginia and Maryland approved

Wednesday, June 23rd, 2010

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More good news – we have now been approved to sell franchises in Virginia and Maryland!

HR 4173 In Conference Committee: Action Required

Wednesday, June 23rd, 2010

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(Thanks to National REIA for this update.) HR 4173 In Conference Committee

HR 4173 is the financial reform bill that has been the highlight of news coverage and congressional debate for the past few weeks and months. The bill has been passed, albeit in two different forms, in both the House of Representatives and the Senate.

The version passed by the House includes a provision to limit the extension of seller financing to one transaction per thirty six months (3 yrs).  It would require that any seller who offered their own financing more than once in any three year period to become licensed as a mortgage loan originator. The Senate’s version of HR 4173 is entirely different.  It does not include any similar provision. 

As two different versions of the same bill passed in the chambers a "conference committee" has been appointed to try to establish a compromise between the two bills.  Just over 30 Senators and Congressman are on this committee, all of whom are listed below with live links to their websites.

CALL TO ACTION: Please contact your legislators and let them know that you would like to see the provision requiring individuals to become licensed as Mortgage Loan Originators (House version, Title VII) to sell their own properties removed.  We ask you to courteously inform your legislators of your position on this conference, and that you will be following the activity on this issue. 

Here is a draft letter and a fact sheet.

House Democrats: Financial Services Chairman Barney Frank of Massachusetts, Howard L. Berman of California, Leonard L. Boswell of Iowa ,John Conyers Jr. of Michigan ,Elijah E. Cummings of Maryland ,Luis V. Gutierrez of Illinois  Paul E. Kanjorski of Pennsylvania,Mary Jo Kilroy of Ohio,Carolyn B. Maloney of New York ,Gregory W. Meeks of New York ,Dennis Moore of Kansas, Gary Peters of Michigan , Collin C. Peterson of Minnesota ,Bobby L. Rush of Illinois ,Heath Shuler of North Carolina ,Edolphus Towns of New York ,Nydia M. Velázquez of New York ,Maxine Waters of California ,Melvin Watt of North Carolina ,Henry A. Waxman of California

House Republicans:Financial Services ranking member Spencer Bachus of Alabama , Joe L. Barton of Texas , Judy Biggert of Illinois , Shelley Moore Capito of West Virginia ,Scott Garrett of New Jersey , Sam Graves of Missouri , Jeb Hensarling of Texas , Darrell Issa of California , Frank D. Lucas of Oklahoma ,Ed Royce of California , Lamar Smith of Texas ,

Senate Democrats:Banking, Housing and Urban Affairs Chairman Christopher J. Dodd of Connecticut, Tom Harkin of Iowa , Tim Johnson of South Dakota , Patrick J. Leahy of Vermont , Blanche Lincoln of Arkansas, Jack Reed of Rhode Island , Charles E. Schumer of New York

Senate Republicans:Banking, Housing and Urban Affairs ranking member Richard C. Shelby of Alabama , Saxby Chambliss of Georgia , Bob Corker of Tennessee , Michael D. Crapo of Idaho , Judd Gregg of New Hampshire.

The Ugliest House PR continues

Friday, June 11th, 2010

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Voting has begun in the Ugliest House contest. To vote go to theugliesthouse.com

And, the publicity continues:

KVOA.com

Tucson Weekly

NBCDFW

The contest is also helping give some coordinators like Mike Hambright their 15 minutes (or maybe 30 seconds) of fame, like on this news story on NBC TV

 

 

MYS 2010

Thursday, June 3rd, 2010

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Team HVA finest and best gather to learn and share what is happening in the market for the New Team HVA in Rockwall, Texas.

This is the best time ever to be on Team HVA. Go to www.theugliesthouse.com and vote on the Ugliest House and register for more information about how you can join Team HVA.

New Franchisee in Boston

Wednesday, June 2nd, 2010

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Congratulations to our newest franchise in Boston,Midnight Properties 101, LLC. Partners Timothy Barros and Michael Gerard will be working with DAs Aaron Katz and Jeremy Gavin.

Welcome to the HVA Team!