Slowing Housing Market Drives Hawaii's Largest Real Estate Auction

HONOLULU, Hawaii - June 28 (SEND2PRESS NEWSWIRE) -- In a slow real estate market, people get creative to sell their property. So Honolulu real estate brokerage firm Elite Pacific Properties is bringing to Hawaii a technique that is rapidly gaining popularity throughout the U.S.: real estate auctions. Elite, which specializes in upscale real estate, has organized Hawaii's biggest ever multi-property auction, to be held at the Hawaii Convention Center in Waikiki on July 14th from 10 a.m. - 3 p.m.


Elite is auctioning over 20 different properties. "There is something for every buyer at the auction, including vacant land, income properties, condos, and houses. Auction properties range from a condo formerly at $299,000, now with a minimum bid of $200,000, to a North Shore beachfront estate previously at $7,950,000 and now with a minimum bid of $5,500,000," said Stephen Cipres, Elite's co-founder. "Naturally, our sellers are expecting to get bids above the minimum, while buyers turn out hoping for a good deal. All minimum bids are substantially below fair market value."

*(Photo Caption: This oceanfront estate on Oahu's fabled North Shore is one of 20 properties to be sold at auction.)

Elite held some individual "sealed bid" property auctions earlier this year, and was successful at selling properties in a matter of weeks that other firms had listed for over a year without a sale. "An auction compresses the typical real estate marketing process into a shorter time period," says Paul Mayer, the other co-founder. The partners researched auctions in depth and noticed a trend outside of Hawaii for multi-property auctions. When other Oahu brokerage firms expressed interest in working with Elite to auction their listed properties, they knew they were on to something.

Property information and Open House schedules as well as bidder registration documents are available at www.elitepacificauctions.com.

Absentee bidding is allowed for those who can't be present at the auction. Prior to auctioning off the real estate, Elite will hold a charity auction, with all proceeds going to Habitat for Humanity.

Elite Pacific Properties is a real estate brokerage firm specializing in upscale properties, offering buyer and seller representation, property management, and real estate auctions for properties located throughout the state of Hawaii.

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American Business Advantage Partners with Loan Service to Save People's Homes

LOS ANGELES, Calif. - July 18 (SEND2PRESS NEWSWIRE) -- New troubles in the sub-prime segment of the U.S. housing market have made some Americans fearful of losing their homes. As a result, American Business Advantage has partnered with the Community Loan Service Center to launch a national foreclosure prevention program.

R. Elliott Bradley, President and CEO of American Business Advantage, has been recognized as an industry leader in the foreclosure services; he has gathered a staff from the mortgage industry. Noticing this trend, ABA has expanded their offices to 7,000 square feet to accommodate new corporate offices, processing unit and training center.

According to Realty Trac, June 2007, approximately 165,000 default loans were recorded; those numbers have been consistent for the last several months.

Fannie Mae reports that over one trillion dollars worth of mortgages will be reset or refinanced by 2007 year end, and even more in 2008.

American Business Advantage's primary focus is to develop and assist homeowners who will, unfortunately, be faced with the terrible experience of managing their own foreclosure.

Foreclosure mitigation negotiates a resolution and puts a plan in place that mortgage lenders can provide to manage a default resolution.

The company's secondary focus is to educate the public about the loan and foreclosure industry. American Business Advantage has established a professional, certified, foreclosure counseling program that addresses the needs of homeowners who face this dark reality.

"There are an overwhelming number of individuals who are not prepared to interface with their lenders," Bradley explained. "Adjustable rate mortgages, predatory lending, and an over-valued real estate market have all fueled the foreclosure epidemic."

American Business Advantage is prepared for a massive fall out of foreclosures in the American marketplace. For the homeowner, the company offers refinance options and foreclosure mitigation specialists to assist homeowners to save their home or equity.

For people interested in helping others to save their homes, an affiliate or certified foreclosure consultant (CFC) program are also available. These programs provide individuals with the necessary tools and training for helping others. - www.StoptheForeclosure.org - has also been launched to help homeowners.

American Business Advantage has been successful in assisting hundreds of homeowners, nationwide, to save their property and preserve the American dream.

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Eval D Media, Inc. Announces the Roll Out of CreKnow.com, a New Online Tool to Help Commercial Real Estate Investors Maximize Profits

CORAL GABLES, Fla. - July 25 (SEND2PRESS NEWSWIRE) -- Eval D Media, Inc. today announced the introduction of the informational website for real estate investors, www.CreKnow.com. This comprehensive site provides investors with the information needed to make educated real estate purchases. The site also offers investors advice on where to obtain financing and how to operate small commercial real estate or multifamily properties.

Investors can access over 150 articles online such as "How to use SBA Real Estate Financing Programs to Your Advantage" and "Seven Strategies for Improving Cash Flow." New articles are uploaded daily to the web site.

"It is our goal to provide applicable and useful information that real estate investors can use everyday to purchase, refinance and operate their small commercial and multifamily properties," said Fred Dupuy, founder and CEO of Eval D Media, and author of "The Art of Commercial Mortgage Brokering" (ISBN: 978-0977778904).

Mr. Dupuy has over thirty years experience in securing financing for a variety of commercial properties and corporations. His investor and lender contacts are vast, ranging from life insurance companies to banks, hard money lenders, and major Wall Street conduits.

CreKnow.com's impressive base of information can be added free of charge to any real estate related website via RSS feeds. Doing so not only adds relevant content to a site, but most importantly enhances search engine visibility.

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Applied Business Software, Inc. and Reliable Trust Deed Services Announce Strategic Partnership

LOS ANGELES, Calif. (SEND2PRESS NEWSWIRE) -- Applied Business Software Inc. ("ABS"), developer of The Mortgage Office(TM), the leading loan servicing software solution for the lending industry, and Reliable Trust Deed Services ("RTDS"), a foreclosure trustee dedicated to providing the most efficient, timely and personal service in the industry, announced today that they have formed a strategic partnership to provide full product integration between The Mortgage Office(TM) and the services provided by RTDS.

The Default Services and Tracking module ("DST") of The Mortgage Office(TM) provides a bi-directional interface between ABS' Loan Servicing module and RTDS in a real-time environment, dramatically reducing the error-prone task of gathering information, the need for photocopying, mailings, shipping, phone calls and faxes.

How does it work?
With a simple click of a button, you can request RTDS to start a foreclosure. Instantly, all pertinent data is electronically transmitted from ABS' Loan Servicing module to RTDS for processing. At any time, users of The Mortgage Office can view the Foreclosure Status screen and watch as information is updated automatically at each stage of the foreclosure process. When their borrowers and lenders call, they have all of the information they need at their fingertips.

Until now, automated, integrated systems such as these have only been available to large banks and national servicers, allowing them to take advantage of the latest technologies and reducing their costs dramatically. With DST users of The Mortgage Office have the same capabilities and functions, and at an unbeatable price.

Jerry Delgado, president of ABS, stated, "This alliance between ABS and RTDS creates a fully integrated system comparable to those offered by larger system integrators, allowing our customers to order default services in an efficient, fully automated, bi-directional electronic format. We're proud of our reputation for excellence, both in our products and in our people. Our large network of satisfied ABS customers is proof of our commitment to providing personal, efficient, quality customer service all day, every day. We realize how important your software system is to the success of your business and we take our responsibility as your software provider very seriously. We at ABS are committed to quality and to providing you with reliable, state-of-the-art, cost-effective mortgage software and loan servicing solutions."

About Reliable Trust Deed Services
RTDS is a foreclosure trustee dedicated to providing the most efficient, timely and personal service in the industry. They have assembled a staff of veteran experts with over 100 years of combined experience who have processed over 50,000 foreclosures. Their professional staff provides consistent service with attention to detail at every step while providing foreclosure services in California, Arizona, Nevada, Idaho, Washington, Oregon, Wyoming and Montana. RTDS is based in Tarzana, California. For additional information about RTDS's products and services, visit www.reliabletd.com or call (866) 708-7272.

About Applied Business Software
Applied Business Software, founded in 1978 and creator of The Mortgage Office(TM), is a market leader and global provider of software systems and solutions to the mortgage lending industry. The Mortgage Office(TM) is a complete suite of software products designed from the ground up to specifically address the needs of those who service loans and mortgage pools. The Mortgage Office(TM) has consistently rated superior in design, system interface, expandability, and ease of use. This true 32-bit Windows application collaborates fully with the Microsoft Office suite of products and is designed to make loan servicing more profitable and your overall business run more efficiently. ABS is based in Long Beach, California.

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Real Estate Listing Web Site Aids Homeowners Facing Foreclosure

FORT MYERS, Fla. (SEND2PRESS NEWSWIRE) -- Federal Reserve Chairman, Ben Bernanke, recently announced that delinquencies and foreclosures in the subprime mortgage market are likely to rise even more; ForeclosureByOwner.org has reacted to the news and launched a web site to help people affordably list their homes before becoming a foreclosure statistic. .

According to a recent financial report, over the next few years, more than three-quarters of the nation's housing markets will suffer some decline in home prices; many will experience double-digit hits in a forecast that has worsened considerably in recent months.

So, what sounds better, having a house repossessed or selling it for a profit? Option number two is the obvious one, but what about those costly real estate listing fees?

ForeclosureByOwner.org (www.ForeclosureByOwner.org) is an affordable way for people to list their homes. Their service brings together buyers and sellers and home information is provided by the seller. Price and sale terms are negotiated between the two.

In fact, the company is so confident that they can help people to sell their homes that the service is free for the first 30 days. After that, the cost is only $1 per day ($30 per month) to cover the actual cost.

"It's the least expensive way to list a home, nationwide," Clayton Jackson Harlan, owner ForeclosureByOwner.org, said.

Nationally, foreclosures are up 115 percent from one year ago, with one foreclosure for every 510 households. And, the foreclosure process just takes 51 days. According to Harlan, everyone is just two paychecks away from being homeless.

"And, the jump in foreclosure filings for this month might be the beginning of the next wave of increased foreclosure activity as a large number of subprime adjustable rate loans begin to reset," Harlan said.

Losing a home creates personal financial distress, and adds volatility to an already unstable economy. That's why ForeclosureByOwner.org wants to help people sell their homes.

Mentored by real estate experts since the start of his career, Harlan was one of the youngest real estate investors in central Florida to buy and sell a home, for a profit, in less than six months.

ForeclosureByOwner.org requires no contracts; subscribers may cancel at any time.

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