Challenging Economic Times Present Extraordinary Opportunities!

Let's face reality; the next real estate business trend will be property management for one-to-four single family units.

Cathy McDaniel & AREU has developed a two day "Real Estate Property Management" REPM designation course for 2011. Learn more by attending part one:

 Real Estate Property Management Specialist : INTRO

Part I of the REPM Specialist course

One-to-Four Single Family, Condo, Townhome

If you are not sure... if property management is a match made in business heaven for agents, managers, companies, lenders and the government...

 ·         One out of 139 mortgages received a foreclosure notice during July, August and September

·         One out of 10 loans are past due, in default or in some level of foreclosure in America

·         7 million shadowed inventory not released for sale. Principal balance of distressed homes amounts to about $460 billion. The months to clear the shadow inventory increased about 18% to 41

·         11 million underwater homeowners

·         More than 15 million Americans unemployed

·         Over $135 billion in loans will reset in 2011

·         Strict credit policies for a mortgage

·         Bank repossessions, or REOs, also are on the rise. In September, a record 102,134 homes were taken back by banks. It's the first time repos have topped 100,000 in a single month.

·         If the government does not improve and fix the nation's loan modification process, more than 11 million consumers – representing 20% of all outstanding home mortgages

Brought to you by Shane Mask with The Georgia Training Center & American Real Estate University