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Rancho Cucamonga Real Estate

Ticor Title Now Hyperlinks Prelim’s

Your Preliminary Title Report
Has Just Gone High Tech
Waiting for supporting documentation, calling into the title unit and waiting on hold are things of the past.
Check out the new Ticor Title Hyper-PrelimTM
Ticor Title is now offering an electronic Preliminary Title report which includes embedded hyperlinks for live supporting document retrieval.
Why Hesitate?

Contact Ticor Title today to learn more about this new service and the many other exciting tools Ticor has to offer.

CNBC Reports- QE3 Possible Ben Bernanke, Implications?

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

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Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.
“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said
“However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate.”
Markets reacted immediately to the remarks, sending stocks up sharply in a matter of minutes. Gold prices continued to surge past record levels, whileTreasury yields [cnbc explains] moved higher as well.
The Fed recently completed the second leg of its quantitative easing program, buying $600 billion worth of Treasurys in an effort to boost liquidity and get investors to purchase riskier assets.
While stocks rose about 6 percent through the course of the program, nicknamed QE2 [cnbc explains] , economic progress has remained elusive.
U.S. gross domestic product grew just 1.9 percent in the first three months of the year, and the second quarter does not appear to have been much better. For 2011 as a whole, the Fed sees U.S. GDP expanding 2.7 percent to 2.9 percent, down from forecasts in a range of 3.1 percent to 3.3 percent back in April.
Unemployment has taken a turn higher as well, with the economy creating just 18,000 jobs in June and the jobless rate edging higher to 9.2 percent.
Minutes to the central bank’s June meeting on Tuesday suggested that, while some members were pondering the possible need for additional easing amid a weak economy, the Fed is not yet ready to take any further action.
But the minutes also reflected divisions within the central bank over further easing, and Bernanke’s speech provided a further indicator that a QE3 move is far from off the table.
“Even with the federal funds rate close to zero, we have a number of ways in which we could act to ease financial conditions further,” Bernanke said.
Among the options he outlined: “More explicit guidance” regarding how long rates and the size of the Fed’s $2.6 trillion balance sheet will remain at current levels; more securities purchases to increase the average maturity; and cutting the interest paid to banks on reserves at the Fed, a move that would encourage the institutions to put more money to work.
“Of course, our experience with these policies remains relatively limited, and employing them would entail potential risks and costs,” he said. “However, prudent planning requires that we evaluate the efficacy of these and other potential alternatives for deploying additional stimulus if conditions warrant.”

QR Codes… Anyone else confused how to use?

So I have heard about the mysterious QR Codes.. I had wondered how to best use them, and how could I use them to make business easier, or make it easier to do business with me.

I was recently turned on to a free site called kimtag.com. It is site that allows you to set-up a virtual e-card that a client can scan and it pulls all of your info into the mobile device and allows the client to save your info without typing a thing.

This may make things a little bit easier.

Do you use a QR Code? What success do you have?

Here is my code… Scan it with an app on your phone like scan life.

Tell me your thoughts!

NAHREP Convention this weekend!

Checking to see who is going? what people have planned!

Will be there Sunday night, Monday!

What are you going for?

Ryan J Orr

Facebook

www.facebook.com/ryanjorr1

Twitter

www.twitter.com/yourtitleguy

Title Tip- Short Sales/ REO

Short Sales

Not So Short!

The Average length of a short sales these days is 90 days. Keeping that in mind it is wise to update your preliminary title report every 3-4 weeks! This will help in limiting the chance of any last minute surprises!

REO’s

Most common lien attached during an REO transaction is a weed abatement lien by the local city!

Updating your prelim will keep you abreast of what is happening on the property and giving you ample to time address any issues as they arise!