Newsletter #28 - Downey Association of REALTORS

Newsletter #28 – October 4, 2011
Downey Association of REALTORS®
12073 Paramount Blvd - Downey, California 90242
www.DAOR.com 562 861-0915 - fax 562 923-9995
DAOR YPN’ers Enjoyed Themselves on a Long Beach Dinner Cruise and Raised $1000
for the Downey YMCA Summer Camp Program.
Next DAOR YPN Event is a Halloween Mixer sponsored by a few DAOR Affiliates -
October 20th 5:30-7:00 - Location info coming.
Congratulations to Maria Pierce, Century 21
My Real Estate who received honorary
membership from the California
Association of REALTORS® .
The LCRC (previously known as BORPAC)
Trustees recently elected their 2012 Trustees,
congratulations to:
ALEX SAAB, 2012 Chairperson
JASON CIERPISZEWSKI (2012-2014)
SOSSI GABRIEL (2012-2014)
JOHN LACEY (2012-2014)
They are being joined with: Maria Franco,
Jose Garcia-Yanez, Dale Jervis, Esther Lee,
and Mario Persico
Attn Members, please be aware, that your Warranty for your
Supra Lock Box(s) is not valid if there is more than one key, or
any foreign object in the key compartment.
FOR THE LOVE OF REAL ESTATE
Speaker & Special Guest Celebrity
Realtor®, Josh Altman
Bravo TV's Million Dollar Listing
Downey Association of REALTORS®
65th Annual Installation Luncheon
Wednesday, December 7, 2011
Pre-Sale tickets have been extended and are
available now through NOVEMBER 1st
$20.00 - DAOR Realtor® & Affiliate
members / $35.00 - Non-members
price goes up after November 1st.
DAOR Realtor® Members,
have access to CAR/
REBS’s Clarus Market Metrics FREE. Go to:
http://www.terradatum.com/ClarusMarketMetrics/downey
Register where it says “click here to register” on the bottom left - Use your “Y” Public Id for Membership ID.

FHA announces new loan limits to take effect October 1
On October 1, 2011, the Federal Housing Administration (FHA) will implement new single-family loan limits as specified
by the Housing and Economic Recovery Act of 2008 (HERA). As a result, FHA will reduce loan limits in the highest cost
metropolitan areas of the country while limits would remain unchanged in most other parts of the nation. Read FHA’s
mortgagee letter detailing the agency’s new loan limits. These new loan limits were scheduled to take effect in January of
2009 but continuing strains in credit markets led the Congress to delay implementation. The result has been nearly three
years of higher loan limits for some areas based on the Economic Stimulus Act of 2008 (ESA).
Forward Mortgages - Barring any new action by the Congress, many affected areas will have lower FHA loan limits on
October 1, 2011. The current standard (floor) loan limit for areas where housing costs are relatively low will remain unchanged
at $271,050 for one-unit properties. The new “ceiling” loan limit for higher cost areas will be reduced from
$729,750 to $625,500 for one-unit properties. FHA loan limits vary based on area median home price, but all will fall
within the range of $271,050 and $625,500 for one unit properties. Additional information and loan limits for two-, three-,
and four-unit properties are noted in FHA’s mortgagee letter. As in previous years, Alaska, Hawaii, Guam, and the Virgin
Islands may have higher loan limits.
FHA estimates that only a fraction of borrowers living in the nation’s highest cost areas will be impacted by the new loan
limits announced today. For example, last year only three percent of FHA-insured borrowers lived in these high-cost areas.
The change in FHA loan limits will affect 669 counties across the country, out of a total of 3,234 jurisdictions in which
FHA insures home loans. Most loan applications with an FHA case number assigned on or after October 1, 2011, will be
subject to the new limits. However, there are some exceptions for FHA-insured to FHA-insured refinances that are noted in
HUD’s Mortgagee Letter. In addition, there are exceptions for loans that were issued case numbers on or before
9/30/11 and meet all of the credit approval criteria detailed in Mortgage Letter 2011-29.
Home Equity Conversion Mortgages - The mortgage loan limit and maximum claim amount for FHA-insured reverse mortgages
will remain unchanged. The FHA product known as the Home Equity Conversion Mortgage (HECM) will continue
to have a maximum claim amount of $625,500.
Are you a member of Facebook?
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Reverse mortgages allow homeowners age 62 and older to borrow against the
value of their homes without selling them. Homeowners can select a lump-sum
payment, monthly payments or tap into a line of credit. No repayment is required
as long as a homeowner lives in a home with a reverse mortgage. The
reverse mortgage is repaid, with interest, when a homeowner sells the home or
dies.
Discounted Premiere Kirkorian tickets are now available
at the DAOR office!! Admit (1) ticket $6.50 - Valid for one
admission for any regular scheduled performance. - A surcharge
will be applied at the Box office for all Digital 3DX presentations.
Not valid for Special Events.

Congratulations to the DAOR 2012
Newly Elected Leadership Team
Russell Skersick, President
Century 21 My R.E.
Michael Berdelis, President Elect
Prudential 24 Hour Real Estate
Mireya Ruiz, Vice President
Century 21 Realty Masters
Jeff Allensworth, Treasurer
Coldwell Banker Allensworth
2012-2013 Directors
Helen Lancaster
Prudential 24 Hour
Real Estate
Remoun Said
ReNew Real Estate
Sales
Diane Sanchez
Prudential California
Uptown Realty
Ruben Sarinana
Century 21 A Better
Service Realty
The following directors will be serving their 2nd year term in 2012
Mario Acevedo
Century 21 My R.E.
Nubia Aguirre
Century 21 My R.E.
Immediate Passed Pres
Esther Lee
Young Lee Realty
Carrie Uva
Prudential 24 Hour
Real Estate

Application for Designated REALTOR® Membership has
been received from:
Kenneth Gaugh, Exit Realty Experts, 562-250-0148
1609 Cravens Avenue, Torrance 90501
Christina Richelle Silva, CRS Investments, 562-254-5420
PO BOX 2552, El Segundo 90245
Jose A. Nunez, ABC Real Estate, 562-964-7746
6918 Eastondale Avenue, Long Beach 90805
Application for REALTOR® Membership has been
received from:
Miguel A. Mendez, Realty Source
Daniel Lopez Delgado, Century 21 Allstars
Araceli Madrid, Re/Max Dynasty
Alfonso Ortiz, Century 21 A Better Service
Anita Landazuri-Gomez, Century 21 Realty Masters
Antonio Villanueva, Ninos Realty-Villanueva Services
Rocio Gabrtiela Silva, Exit Realty Experts
Alfonso Ortiz, Century 21 A Better Service
Jose Raul Mancia, Exit Realty Experts
Gabriela Rodriguez, 21 Family Homes
Maria C. Lopez, Latin Star Homes
Maria T. Cordoba, Century 21 Powerhouse Realty
Guadalupe Alvaro King, Casa Grande Real Estate
Alfredo Banuelos Perez, Century 21 Allstars
Mayra Rangel, J Rubalcava & Associates
Mika Matsui, Realty Executives Alliance
Olga De La Espriella, Executive Bankers Realty
Freda Bell Becerra, Real Estate ebroker
Monica Arrey, Realty Executive Select
Jeannette Casas, Realty World Capero
Anthony Susarrey, Century 21 Jervis & Associates
Gloria Gutierrez, Coldwell Banker Dynasty
Robert Allan Benson, Bob Benson Broker
Eddie T. Alvarez, LMR Mortgage
George Santamaria, George Santamaria Broker
Elpidio Ayala Jr., Global PNC Real Estate
Ricardo Ortiz, Executive Bankers Realty
George Olmos, Executive Bankers Realty
Eduardo Del Rio, Century 21 A Better Service
Andres Morales-Garcia, Exit Realty Expert
Dante Velazquez-Ojeda, Akiremanon Inc.
Esther Alejandro, Esther Alejandro, Broker
Guadalupe Marsee, Del Sol Realty & Associates
Irma Sandoval, Irma Sandoval Broker
Danny Soza, Century 21 My Real Estate Co.
Chuck Lin, Allstar 21 Realty
Sandra Patricia Reyna-Najera, George Santamaria Broker
Luis Martinez, Pablo Torres Broker
Hilda Ramos, Century 21 Realty Masters
Christina Silva, CRS Clean Riding Style
562-254-5420
mybroker@crsinvest.com
Gloria Navarro, Old Republic Home Protection
800– 445-6999
glorian@orh.com
Ali R. Nader, Nader Law Firm
818-788-5008
fanny@naderlawfirm.com
Roster Member office Changes have been received from:
Maureen B. Lopez is now at Re/Max Premium
Angie Pierce is now at Pelican Properties
Alejandro Veloz is now at All Metro Inc.
Edgar Cortez is now at New Century Realty & Lending
Hector Moreno is now at 21 Family Homes
Jose Casteneda is now at Century 21 Realty Masters
Silvestre is now at Prudential California Realty
Maria V. Reyes is now 21 Family Homes
Rick Martinez is now at Citi Homes Realty
Maria Lopez is now at Jack Harriman & Associates
Susana Ramirez is now at Realty World Capero
Gabriela Sandoval is now at West to East Realty
Fernando Fernandez is now at Highpoint Investments Inc.
Martha Nevarez is now with 21 Family Homes
Jorge Estrada is now with First Team Seal Beach
Jaime Delgado is now with Coldwell Banker Allensworth
Oswaldo Rodriguez is now at Century 21 Master
Edgard Pearce is now at 21 Family Homes
Leonard Bernal is now at Coldwell Banker Alliance
Joe Salazar is now at Century 21 Masters
Ron Duarte is now at Century 21 Home & Investment
Roster Office Changes have been received from:
Future Investments Real Estate is now at
11711 Woodruff Avenue Ste. 250, Downey 90241
21 Family Homes is now First Family Homes
Century 21 CB Real Estate is now CB Real Estate Co
George Santamaria Broker is now Investors Realty Group
Any written comments thereon should be directed to the Membership
Committee in care of the DAOR office.
New Affiliate Members

Downey Association of Realtors®
Wednesday, OCTOBER 5, 2011
11:30 am - Rio Hondo Event Center
10627 Old River School Rd
$12.00 per person - $20.00 at door.
NO RESERVATIONS AT THE DOOR
NO cancellation/refund after 10am the day of luncheon
Posted Properties: Learn to help your clients
easily buy properties at Trustee Sale with the
help of a bidding service.
Legislative Update - Meet DAOR’s new
Government Affairs Director, Phil Hawkins.
ALSO –RAF $1000 drawing & RCR iPad Drawing &
First 110 will receive an Affiliate “Goodie Bag”
12.00 includes lunch.
1. _______________________________
2. _______________________________
3. _______________________________
4. _______________________________
5. _______________________________
6. _______________________________
7. _______________________________
8. _______________________________
9. _______________________________
10. ______________________________
Fax 562-923-9995
Reservations are Mandatory & Must be
received by MONDAY, October3rd.
Sorry, No one will be allowed in
without a confirmed reservation.
No Reservations are taken over the phone,
this form must be used to make your
reservation.
Affiliate members MUST by active DAOR Affiliates
Credit Card Number _________________________ Amount $_______
Expiration Date __________ Zip Code __________ V-Code ________
Card Billing Address: ________________________________________
Signature _____________________________________
Corporate Card? [ ]Yes [ ]No -
Type of Card? [ ]Visa [ ]MC [ ]AmEx [ ] Discover

FREE TO
D.A.O.R.
YPN
Halloween Happy Hour
Thursday, October 20, 2011
5:30-6:30pm @
ACAPULCO Cantina/Restaurant
9021 E. Firestone Blvd. Downey
(Stonewood Mall)
FOOD - DRINK & DOOR PRIZES
“Must be A DAOR YPN Member to Attend”
Sponsored by the following Affiliate Members:
MEMBERS
VERONICA BAYONA, Pro Active Escrow
OZZIE CARRANZA, Farmers Insurance
VICTOR CHAVEZ, Inbanet
CLAUDIA CONTRERAS, Escrow World
CARMEN MERAZ, OCM Bancorp
GABRIELA MINJARES, Wells Fargo Home Mortgage
LUPE ROJAS, Wells Fargo Home Mortgage
KULDEEP SANADHYA, Inbanet

Downey Association of Realtors®
MONTE CARLO CASINO NIGHT
Friday, October 14th
Dinner to be served from 6:30-7:30pm
$200 worth of Script “gambling” Money,
plus a ticket for your chance of
winning $100 script money...every
30 minutes
$35.00 per person until Oct 10th
$45.00 after Oct 10th
Rio Hondo Event Center
10627 Old River School Rd Downey
6:30-10:00pm
Sponsors:
• Hugo Contreras, Farmers Insurance
• Gabriela Minjares, Wells Fargo Home Mortgage
• Veronica Bayona, ProActive Escrow
• Lizz Nowak, First American Home Buyer’s Protection
• Carmen Meraz, OCM Bankcorp
• Kellie Gonzalez, Wells Fargo Home Mortgage
• Hilda Villalobos, TriLiberty Escrow
Credit Card Number _________________________ Amount $_______
Expiration Date __________ Zip Code __________ V-Code ________
Card Billing Address: ________________________________________
Signature _____________________________________
Corporate Card? [ ]Yes [ ]No -
Type of Card? [ ]Visa [ ]MC [ ]AmEx [ ] Discover

MORTGAGE LOAN ORIGINATORS: 8 HOUR LIVE
CONTINUING EDUCATION COMPREHENSIVE COURSE
NMLS Provider ID #1400388 - Duane Gomer Inc.
Cost Only $139 (includes $12 NMLS Bank Fee)
LIVE CLASS—NO 8 HOURS ON A COMPUTER
NO EXAM TO PASS LIKE AN ONLINE COURSE
Downey Association of REALTORS ®
12073 Paramount Bl., Downey, Ca 90242
Wednesday, October 26, 2011 — 8:30 a.m. to 4:30 p.m.
To Register: Call 562-861-0915
EIGHT HOUR LIVE COURSE : Includes three hours federal law and regulations, two hours of ethics,
two hours of lending standards for nontraditional mortgages and one elective hour to meet all National
and State yearly renewal requirements.
OUTSTANDING INSTRUCTORS: All instructors must meet stringent NMLS requirements including
experience, education, and professional standards. We have the best.
SEMINAR:
• The course will be from 8:30 a.m. to 4:30 p.m. with a one hour lunch break.
• No extra charges for materials. Each student receives the outstanding up-to-date Hondros
Learning Mortgage Loan Originator Refresher book, 167 pages (a great reference for you).
• There is a $12 NMLS bank fee for your course and we will pay that.
• Students taking home study courses of any kind must be on a computer eight hours and must
pass a NMLS approved exam. You don’t want to do that. A real live class is of more value.
Credit Card Number ________________________________________ Amount $____________
Expiration Date __________ Zip Code __________ V-Code ________ Phone Number ____________
Card Billing Address: ____________________________________________________
Signature _____________________________________
Corporate Card? [ ]Yes [ ]No -
Type of Card? [ ]Visa [ ]MC [ ]AmEx [ ] Discover
Duane Gomer Seminars offers courses for anyone who wants to obtain or renew a real estate sales license, a broker license, a notary commission, a MLO
Endorsement or learn about REOs, Short Sales, Foreclosure, etc. Courses are available live, online or by home study. Check us out at www.DuaneGomer.com.
NMLS APPROVED
PROVIDER #1400388
CAMP
MEMBER
DRE Sponsor
#0054

BECOME A CERTIFIED HAFA SHORT-SALE
LISTING AGENT SPECIALIST!
*Cost: $50 for DAOR - $60 for Non-DAOR/at the door *Date: October 7, 2011
*Registration: 8:30 AM – 9 AM *Seminar: 9 AM – 2 PM
(**Certificate of Completion with the Designation of CHLAS given at the end of the seminar.)
SEMINAR & SPEAKER:
This is one of the most comprehensive and easy-to-understand seminars ever given on the HAFA
Short-Sale/Deed-In-Lieu Program. In addition to a wealth of information concerning the program, the
seminar will walk you through the most important HAFA Documents step by step. (These documents
are included with the seminar Outline.)
The seminar is written, presented and certified by Larry Blachman, an active real estate broker in Southern
California (ID #00570703). He has been successfully involved in real estate investments and sales for over thirty
years and has over twenty-two years of experience in purchasing, listing and selling short sales, properties in
foreclosure and REOs.
Larry is also a highly respected real estate educator and a recognized authority in the field of foreclosures. The
C.A.R. invited him to give foreclosure seminars at the California REALTOR® EXPO in 2006, 07, 08 & 09.
Please visit Larry’s Web site at www.LarryBlachman.com for further background information.
**To receive a Certificate of Completion at the end of the seminar with the Designation of “Certified HAFA
Listing Agent Specialist,” you must take an open-outline exam of 20 true/false questions.
PARTIAL LIST OF TOPICS:
*How the HAFA Program works from A – Z. Positives & Negatives!
*Fannie Mae’s & Freddie Mac’s HAFA guidelines/documents.
*The HAMP loan modification program.
*Determining a distressed homeowner’s possible eligibility for HAFA.
*Best ways to get all HAFA documents, guidelines & updates for FREE!!
*Special Disclosures/Addenda to include in all listing and purchase contracts!
*Options available for those in a short-sale situation.
*How distressed homeowners can get the best free counseling.
* MARS Rule updates, SB 458, & Section 1695 of Calif. Civil
Code!!!
Name: ___________________________________________
Credit Card Number ____________________ Amount $______
Expiration Date _______ Zip Code ______ V-Code _____
Card Billing Address: _______________________
Signature __________________________
Corporate Card [ ] Yes [ ] No
Type of Card [ ] Visa [ ] MC [ ] AE [ ] Discover
Please Fax to DAOR 562-923-9995 or Email mls@daor.com
Downey Association of REALTORS® (DAOR) provides the above
information for educational and informal purposes only. In
compliance with National Association of REALTORS’® policies,
DAOR does not endorse non-real estate related services and
products. DAOR advises interested persons to seek competent,
independent advice regarding this information. DAOR disclaims all
warranties express or implied, including but not limited to implied
warranties or merchantability, title, noninfringement of intellectual
property, security and fitness for a particular purpose of the above
information, products or services. DAOR does not warrant of
guarantee the accuracy, availability, reliability, access to or
uninterrupted and error free operation of the above information,
products or services. To the maximum extent permitted by
applicable law, in no event will DAOR be liable for any damages,
whether direct, special, consequential, incidental, punitive or other,
loss of profits, data or programs arising from the use, inability to
use, or reliance on the information, products or services. Although
every effort has been made to ensure the accuracy and completeness
of this information, DAOR cannot be responsible for any errors or
omissions. This information is not a substituted for legal or
technical advice. Persons who need legal or technical advice should
obtain options from their own legal or technical advisors. DAOR
will not discriminate on the basis of race, color, religion, national
origin, sex, handicap, sexual orientation, or familiar status.

Insert Association
October
Course
21,
Information
2011
Here
9:00 AM – 1:00PM
Cost: $59 for DAOR
$69 for NON-DAOR/at the door
Name:
Credit Card Number:
Expiration Date:
Zip Code: V-Code :
Card Billing Address:
Signature:
Corporate Card [ ] Yes [ ] No
Type of Card [ ] Visa [ ] MC [ ] AE [ ] Discover
Please Fax to DAOR 562- 923- 9995
Or
Email mls@daor.com

“When banks say no,
at Inbanet we say YES”
Commercial
Lending
Services
LOANS AND PROPERTY TYPES
Purchase
Cash Out – Refinance
Private Money – Bridge
Commercial – Industrial
Apartments – Office retail
Mixed Used
Hotel, Motel, Restaurant
Churches and Temples
Developed Land*
Construction (Fractured & Ground up)*
PROGRAM HIGHLIGHTS
National and International
Not FICO Driven
Stated Income
Quick Closings (14 days)
Term: 12-84 Months
Amount: 100k – 10 Million
Brokers Protected
Additional Forms of Collateral –
No or Little Prepay
LTV 65% Max (case by case)
Interest only (7.99% and above)
KuldeepSanadhya“KD”
Loan Strategist
Phone: 877-895-5150
Direct: 562-445-3362
Fax: 562-862-6343
Email: KD@inbanet.com
CA DRE#: 01827321
www.inbanet.com
Account receivables/Inventory/
Purchase Orders/Stocks-Bonds-
CD(Financial Portfolios)
Victor Chavez
Mortgage Broker
Phone: 877.895.5150
Mobile: 562-298-8840
Fax: 562-862-6343
Email: Victor@inbanet.com
CA Broker DRE# 00968284
INBANET :: 8141 E. 2 nd Street, Suite 608-B :: Downey, California 90241
OVER HALF A
CENTURY OF
COMBINED
EXPERIENCE IN
THE FINANCIAL
SECTOR
An email or a
phone call today
begins the
process to success