Monrovia was Great!! I love LA

In the two pictures we have the highly participating audience in one picture
and in the second picture are my two guests (Center) Chris Shevlin from Chicago Title Company and on the far right is Paul Scheper of Harvard university.

I arrived in Monrovia the evening before (Monday the 16th) and enjoyed beautiful
Colorado Blvd. in Downtown Pasadena. I never realized how nice Pasadena is. I
would live in that area in a heartbeat.


A great crowd, Jery asked several great questions. Sarah 'Sally' was also very intelligent and had a lot to add.

Thank you everyone including the local YMCA that provided the room. They
are a strong local charity and we appreciate the opportunity to be a part
of the solution with them.

-Christopher Rockey

Really Santa Claus? A Whole Three Weeks? Golly!

I have been saying 'The Change in the Political Climate will Help the Short Sale Process' Now we are seeing evidence of that. Now you know why REO agents are finally starting to come to my seminars. Those same REO agents have seen a dramatic reduction in their inventory and that shall continue.
Citigroup announced it will be halting foreclosures starting Feb. 12. The bank said it will uphold this commitment until U.S. President Barack Obama has finalized the details of his plan to modify mortgage loans to benefit U.S. residents at risk of losing their homes.


Minutes later, JPMorgan announced it will also put a moratorium on foreclosures for a three-week period, or until March 6. Morgan Stanley later made a similar statement.

Bank of America CEO Ken Lewis already announced a similar pledge earlier this week in a hearing before the House Financial Services Committee.

On Wednesday, CEOs from Bank of America, Goldman Sachs, Citigroup, Morgan Stanley, Wells Fargo, JPMorgan Chase, Bank of New York Mellon and State Street all faced harsh criticism from lawmakers for allowing the financial system to come crashing down in 2008.

All of the executives said they will do what they can to boost lending and stem foreclosures to aid the U.S. economic recovery.

I will let you in on a little secret. You put me in the same room as these guys and they get the ruler to their knuckles. There are three options in a distressed property situation and each of the named above MUST start to respect the market on these options.
#1 Loan Modification
#2 Short Refinance (TIME Magazines top 50 best inventions of 2008)
#3 Short Sale

I am making a living on teaching and training Real Estate professionals how to successfully complete the Short Sale process. It's no secret I manage a securitized Hedge Fund as well but I enjoy my full time job. If Scott Thompson the founder of my company gets that appointment in Washington DC that Fidelity National Financial is trying to set up, it will be a good day for Real Estate agents. I promise to let you in on every little detail these lenders give us. Starting with Ken Lewis and how he has no right asking the government for money when he is just coming after the Recourse debt he maintains in Short Sale.

I'm Moving to Brentwood

People ask me all the time why I love my job. I just smile and think about days like Brentwood this last Wednesday February 12Th. You know that I was one of only two males in the room. The funny thing is that in the above photo Paulette wasn't looking at the camera and Jerry who took the picture is her husband. He was the other male in the room. Sorry Jerry but you're married. I received a very nice thank you letter from Kathy N. I will tell everyone the same thing. This seminar was so much fun. We had great questions, we had great participation and the guest speakers were awesome as well!

Now you see why I say I'm moving to Brentwood. Well I would like to anyway.

-Christopher Rockey