Chris Farkas Bellingham Blog

President of EXIT Realty’s US Organization is honored at Annual Convention

Chris Farkas (Exit Realty Associates) — Fri, 19 Feb 2010 14:41:21 -0600

Great job Tammy. EXIT is in great hands! Chris.

Via The Team at EXIT Realty (EXIT Realty Corp. International):

Mississauga, ON (Grassroots Newswire) – As a 30-year veteran in the real estate field, Tami Bonnell continues to lead the way when it comes to her vast knowledge and understanding of the industry. From her background in mergers and acquisitions to her countless speaking engagements, her passion is relentless and EXIT Realty is proud to have her on their team.

“Tami Bonnell’s leadership goes above and beyond the call of duty”, commented EXIT Realty Corp. International Founder and CEO, Steve Morris, “She commands the absolute respect, reverence and esteem of every EXIT Realty associate at all levels of the corporation throughout North America. She sets the tone and tempo for our leaders and radiates an example of the finest quality as a clear pathway for others to follow.”

Since becoming President of the US Organization for EXIT Realty Corp. International, her focus is on growth and profitability for Regions, Brokers and Agents. Bonnell has been featured several times in major industry publications, including Real Estate Magazine, Bay State REALTOR® and Frog Pond Communications. She is a much sought-after international speaker, addressing thousands at events such as RISMedia’s Leadership Conference in NY, Inman News Conference in San Francisco and the Top 500 Power Brokers at The National Association of REALTORS® Convention, and regularly speaks at Women’s Council of REALTORS® meetings across the country. “Tami is a relentless communicator, her experience naturally comes through and there is nothing artificial about her” says Jeff Lobb, EXIT Realty Trainer and Technology expert, “She has a very logical approach and the innate ability to motivate people to take action.”

At EXIT’s Annual Convention in Washington DC, this past October, Bonnell was presented with the Leader’s Leader award for her hard work, dedication, knowledge and professionalism.

"In my forty years in real estate I’ve had the opportunity to know and work with many executives and leaders. Tami Bonnell speaks boldly from her heart with strong convictions about what she believes is needed to improve our industry and works harder that anyone I have ever known. Her heart, vision and a strong work ethic earns my utmost respect," said Bob McKinnon, EXIT Realty’s Senior Regional Consultant.

Ms Bonnell’s upcoming speaking engagements include an address to the Women’s Council of REALTORS® in New York in March entitled “Prepare for Change”.

Why? Bellingham Homes For Sale

Chris Farkas (Exit Realty Associates) — Fri, 19 Feb 2010 14:39:47 -0600

Just suppose that the only spiritual question asked of you after you’re dead and buried is
– “Why?”.

Why did you short change yourself?
Why weren’t you more optimistic about all the possibilities and opportunities on earth?
Why weren’t you more enthusiastic about life and all that it had to offer?
Why did you let other people’s negativity and pessimism get to you?
Why didn’t you set more goals?
Why did you lack conviction concerning all the things that were truly important to you?
Why didn’t you live your life more passionately?
Why didn’t you live more abundantly?
Why weren’t you more positive and constructive?
Why didn’t you generate more prosperity?
Why didn’t you make more friends?
Why were you so reserved?
Why didn’t you radiate your vibrant personality to everyone?
Why didn’t you pay your bills on time?
Why weren’t you more generous and giving?
Why weren’t you more compassionate and empathetic?
Why did you have so little faith?
Why did you worry so much?
Why didn’t you pace yourself better?
Why did you exude such resentment?
Why did you allow doubt and fear to control you?
Why weren’t you more inventive and creative?
Why didn’t you encourage those around you more effectively?
Why were you haunted by the absence of money?
Why didn’t you reward yourself better?
Why didn’t you take the time to get enough rest and relaxation?
Why didn’t you work more effectively?
Why weren’t you more persistent?
Why did you let your opinions rule your life?
Why couldn’t you find it in your heart to forgive?
Why didn’t you like yourself unconditionally?
Why did you work so hard and play so little?
Why didn’t you appreciate your family for all their truly special qualities?
Why were you so blind to all that you were given?
Why are you now feeling so guilty?
Why didn’t you entertain this question when you were still alive?

January Market Report - Bellingham Homes Podcast

Chris Farkas (Exit Realty Associates) — Mon, 01 Feb 2010 14:42:34 -0600

Stunning Bay And Island Views - Bellingham Homes For Sale - South Hill

Chris Farkas (Exit Realty Associates) — Sat, 30 Jan 2010 22:18:37 -0600

359 S Forest St Bellingham, WA

Click For Listing Website

Click For Interactive e-Tour

Discover the beauty and charm of this historic home located in Bellingham's prestigous community of South Hill. Stunning Bay and Island views await you in this professional and impeccable restoration. Everything is new, or updated, yet it retains its original character. The spacious, open, kitchen features upgrades of cherry cabinetry and granite countertops. The flowing floor plan makes this a great home for entertaining. Enjoy your own, private retreat, in the 3 room master suite w/ view deck, jetted tub, master bath view skylight and sitting room. A separate 22 feet by 26 feet, carriage house, offers parking for 2 as well as an unfinished, spacious, view loft. The distinctive architectural detail in every room, the careful restoration and the stunning views, set this home above the rest!.

MLS# 9150
$649,000
3 Bed, 2.75 Bath
359 S Forest St
Bellingham WA, 98225

Chris Farkas
EXIT REALTY ASSOCIATES
360-756-6500
chris@exitrealtybellingham.com

Chris Farkas www.RealBellingham.com

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Chris Farkas (Exit Realty Associates) — Sat, 30 Jan 2010 13:23:03 -0600

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Exclusive Buyer Agent Wanted Whatcom & Skagit

Chris Farkas (Exit Realty Associates) — Sun, 17 Jan 2010 15:20:19 -0600


Description and Features
I'm looking for an experienced, full-time, licensed real estate agent who can diligently work 50 Whatcom County area buyer leads a month. This is a sales job. It requires telemarketing, follow-up, and a professional approach. Plus a working knowledge of the real estate process and a familiarity with the Bellingham And Whatcom County area.
Links
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Bellingham Home Inspector (King of the House) -- Decks

Chris Farkas (Exit Realty Associates) — Sun, 10 Jan 2010 23:30:04 -0600

Steven,

The mold also makes the decks super slippery. I recently found this out the hard way. Chris

Via Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection, Inc):

Here in the Pacific Northwest, or the Pacific Northwet as a friend of mine called it, we inspectors see many decks that have some decay present. If the structural lumber is pressure treated then often that will be okay. However the flat surface wood decking boards will frequently have a soft/decayed surface that can even be unsafe. I have known people to step on a deck and go right through -- one leg hanging lower than another.

The flat surfaces are the most exposed and, when rain hits, the water will soak into the wood. And, over time, that causes rot. Carefully cleaning as required, and treating the deck surface, can help prolong the decking boards. When you see vertical cracks in the decking, rain will soak in and that will cause rot quite rapidly. When you see moss and algae, that is a sign that rot will not be far behind.

Speaking of rot not being too far behind. Here are a couple photos that are typical.

Wood will rot at moisture levels of twenty percent and above so, needless to say, keeping exterior wood from rotting in the northwest takes careful planning and maintenance.
Thanks for stopping by,

Steven L. Smith

Frost-Free Hose Bibbs

Chris Farkas (Exit Realty Associates) — Sun, 10 Jan 2010 23:28:32 -0600

Steven,

I was just at a house where the owners forgot to take off the hose. Even in this case, the frost free portion just failed but did not flood the walls. THese bibs work great.

Chris

Via Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection, Inc):

Frost-free hose bibbs are designed to drain when the water is shutoff. It will run out past the valve and by draining all of the water, the hose bibb is not so prone to freezing. The point where the water is really shutoff is inside the home or the wall where it is warmer.

The whole purpose of these hose bibbs is defeated when hoses are left on the faucets. I cannot tell you how many times, at inspections, I have turned on the water and found that the water was rushing out from inside the wall. Problem -- ruptured hose bibb.

Bottom line: For a frost-free hose bibb to be frost free, it needs to lose the hose in freezing weather.

Thanks for stopping by,

Steven L. Smith

Washington state increases foreclosure eviction timeframe to 60 days.

Chris Farkas (Exit Realty Associates) — Sun, 10 Jan 2010 23:25:56 -0600

Thanks for the article. Since time is always on the side of the bank, any time in favor of the homeowner is vital. Many families purchased in good faith and are caught up in this whilrwind of fraud ccreated by Wall Street and banker greed. Sixty more days of a roof over the heads of Washington State families is great! Chris

Via Jim Perry (RE/MAX Professionals):

There is an old saying, "the law is for the lawless". Many people in Washington state facing foreclosure will benefit from this new law (especially families where there are children involved and new schools have to be found sometimes) but for those who exploit the system, it puts more sand in the machinery.

Please click on article below defining the new law our governor has just signed:

http://www.raincityguide.com/2009/06/19/longer-waiting-period-to-evict-tenants-after-foreclosure-in-wa-state-effective-july-26-2009-and-free-legal-aid-for-wa-homeowners-facing-foreclosure/

I am interested in anyone's take on this and what effect positively or negatively it will have.

Can the “Produce the Note” Strategy Really Stop Foreclosure?

Chris Farkas (Exit Realty Associates) — Sun, 10 Jan 2010 23:21:50 -0600

David,

I've seen the "Produce the Note" strategy buy quite a bit of time. Since banks seem to often work in "bad faith" against home owners, this invaluable time is sometimes the necessary step to getting the deal closed.

Chris

Via David Monroe - Short Sale Specialist (Masterpiece Properties, LLC):

It's the Internet age, and more and more homeowners are searching the Internet to find out how they can save their home if they’re in foreclosure. One strategy I’ve been asked about several times is the “Produce the Note” strategy. Some articles have been written that have led many homeowners to believe that this strategy is the “silver bullet” to delay or stop foreclosure, or even get your mortgage wiped out completely so you own your house free and clear.

The “Produce the Note” strategy requires the lender to prove it has the actual authority to foreclose, by requiring it to produce the original promissory note. The goal is to make certain that the foreclosing lender is, in fact, the owner of the note. There is only one original promissory note for your mortgage that has your signature on it. This is the document that proves that you owe the debt.

During the lending boom, many mortgages were sold off to other lenders or servicer or sliced up and sold to investors as securitized packages on Wall Street. In the frenzy of turning these over as fast as possible to make the most money, many of the new lenders did not get the proper paperwork to show they own the note and mortgage. This is the key to the strategy—Lenders are foreclosing on homeowners, but don’t have the proper paperwork to prove they have a right to foreclose.

Sounds pretty simple--If they can’t produce the original promissory note, then you don’t really owe the debt, right? In Washington State (and other non-judicial foreclosure states), that’s not necessarily the case.

Judicial Foreclosure vs. Non-Judicial Foreclosure

In a judicial foreclosure state, the bank must sue the borrower and go to court in order to foreclose. The “Produce the Note” request is done as part of the lawsuit. Washington is a non-judicial foreclosure state, meaning that the lender doesn’t have to take you to court in order to foreclose. You can request that the bank produce the original note, but they’re likely to disregard the request completely, leaving you with only one other option--File a lawsuit against the lender and request that they produce the original note. This could become very time consuming if you try to do it yourself, or expensive if you use an attorney. I don’t recommend filing a lawsuit without the help of an attorney. Also, this strategy is more effective when your loan has been sold off on the secondary market. If it hasn’t, then your lender most likely has the original note and can easily produce it.

My Own Experience With Lost Promissory Notes

I have been in situations with my own properties where original promissory note was lost. I've worked with notes from private lenders and seller carry-back notes, and these non-institutional lenders sometimes lose the original note. The seller carrying back a note may scan the original note and Deed of Trust into their computer then discard the originals, not realizing that they were supposed to keep them. When the note is being paid off and the lender cannot produce the original note or Deed of Trust, the escrow company just has them sign and notarize an "Indemnification of Lost Deed of Trust and Original Note". Then everything is fine.

*******************************************
Authored by David Monroe, licensed real estate associate and Pre-Foreclosure and Short Sale Specialist.
Access Seattle area short sale help and foreclosure resources including selling in foreclosure, and 8 Ways to Avoid or Stop Foreclosure.

Copyright (c) 2009 by David Monroe (Masterpiece Properties, LLC).
Can the "Produce the Note" Strategy Really Stop Foreclosure?

Social Media Profiles and the Hiring Process

Chris Farkas (Exit Realty Associates) — Thu, 31 Dec 2009 00:14:34 -0600

All great truths. Major companies are reviewing social profiles to help determine if an applicant is right for the job.

CHris

Via Glenn Sanford (eXp Realty & Working The Magic, LLC):

In running a Immersive Real Estate Company our hiring process is a bit different then the typical bricks and mortar firm in that in some cases there may be agents who when they join we haven't met in person. This can prove tricky since we are having to make a judgement of how these agents will represent our brand by evaluating their marketing, their past experience, feedback from agents in the field to ultimately deciding that an agent may be a good fit for our company.

Recently we started the process and friended up a prospective agent on Facebook about the same time that the agent was wanting to join our company. In reviewing all of the above we ended up passing on the agent because of their Social Media profile. During the process we determined that one's Social Media profile is just as much an indication of the professional nature of a prospective agent as a face to face meeting and in some cases it may even be a better indication since it really shows who the prospective agent is in real life.

I mention this because as I'm sure others have blogged in the past and I assume there are even research studies showing the value of Social Media Profiles in the hiring process. It has now landed front and center in our hiring process and we are now putting it has high if not higher then the value of the first impression of a face to face meeting.

Comments, Question and/or Debate is encouraged.

Canadian President for EXIT Realty Corp. International is Honoured at Annual Convention

Chris Farkas (Exit Realty Associates) — Thu, 31 Dec 2009 00:07:44 -0600

The convention was absolutely amazing. I can't wait for the big shindig in Dallas next year. Chris

Via The Team at EXIT Realty (EXIT Realty Corp. International):

With the economy in turmoil, we turn to the experts for advice and direction. This is also the case at EXIT Realty Corp. International. Joyce Paron, President for the Canadian Organization, has exhibited absolute professionalism and expertise in everything she does. In her 12 year career with EXIT Realty she has grown from a District Owner to one of the leading forces overseeing the Canadian faction of the company. Ms Paron is pictured, center left, receiving the "Award of Expertise" from Steve Morris, EXIT Realty's Founder and CEO and Tami Bonnell, President of the US Organization.

“The EXIT Realty executive team is comprised of the finest professionals in the real estate industry. It is a privilege and an honour to be recognized amongst this caliber of individuals” say Paron of her win.

Steve Morris prides himself in hiring the absolute right person for each and every job in the company. Staff and executives work harmoniously hand in hand with a single vision in mind – to build the most productively successful real estate company in the industry. With people like Joyce on the team, they are certainly on their way to achieving this vision.

Learn How A Short Sale Can Help You Avoid Foreclosure - Bellingham Homes For Sale

Chris Farkas (Exit Realty Associates) — Wed, 30 Dec 2009 23:59:35 -0600

Feeling like there is no other option but foreclosure can be an overwhelming experience. Know that you are not alone. Thousands of homeowners in the United States are facing the same challenges as you every single day. Now more than ever before there are solutions.

You need help, guidance, and someone who understands the difficult choices you are facing about your home, your family, and your life. Quite often a homeowner facing a foreclosure thinks they have to go through the process alone, forced into a daunting situation caused by unforeseen circumstances beyond their control. Facing damage to your credit, and the possibility of not being able to purchase another home for 10 years can be a tough future to face, but by tapping into the expertise of a knowledgeable real estate agent, there are options available for you and you've come to the right place.

We provide you with information about how to avoid a foreclosure, explain the effects it can have on you and your family, and offer other options that may be available to you. This includes a short sale, and we can help you determine if you qualify.

Please know that all communication will be strictly confidential.

Specializing in helping homeowners use a Short Sale to avoid home foreclosure in the Bellingham, Washington real estate market.

Chris Farkas
Exit Realty Associates
1419 Cornwall Avenue
Bellingham, WA 98225
Phone: 360-393-0793
Email: Info@NorthwestStopForeclosure.com
Web: www.NorthwestStopForeclosure.com

Please visit www.RealBellingham.com for extensive information on our Bellingham real estate services.

Learn How A Short Sale Can Help You Avoid Foreclosure - Bellingham Homes For Sale

Chris Farkas (Exit Realty Associates) — Wed, 30 Dec 2009 23:56:20 -0600

Learn How A Short Sale Can Help You Avoid Foreclosure

Specializing in helping homeowners use a Short Sale to avoid home foreclosure in the Bellingham, Washington real estate market.

Columbia Neighborhood Homes For Sale - Bellingham Homes For Sale

Chris Farkas (Exit Realty Associates) — Wed, 30 Dec 2009 23:23:31 -0600