What do you Expect From The Real Estate Market In 2014?

Seven years have passed since the worst housing market crash in United States history triggered a global financial crisis. Lehman Brothers declared bankruptcy, and a host of other banks came close to joining them before being rescued in a series of shotgun mergers and acquisitions, the largest of which included Bank of America – Merrill Lynch, JP Morgan Chase – Bear Stearns, and Wells Fargo – Wachovia. Alongside bailouts and a beleaguered stock market, home prices continued to fall, foreclosure rates increased, and by the end of June 2010, it was estimated that nearly a quarter of all U.S. homeowners were underwater – a situation when a home is worth less than its outstanding mortgage. In the years since the crash and financial crisis, the housing market has been making a slow – and bumpy – recovery.

The Slow and Tenuous Recovery 

During the first quarter of 2012, an unsettling 31.4% of homeowners were underwater. Since then, however, about 5 million homeowners have been freed from negative home equity, thanks to rising home prices. Although that still leaves as many as 10.8 million – or 21% – of homeowners underwater as we approach the New Year, the number is expected to continue improving as the real estate market and broader economy continue to improve as well.

The housing recovery has struggled against disruptions to the broader economy. As we approach the end of 2013, Frank Nothaft, vice president and chief economist with Freddie Mac noted, “We’re likely going to see the housing recovery slow down, but not shut down, as we close out the rest of this year due to tight inventories in many markets, rising mortgage rates and slumping consumer confidence.” Looking to 2014, Nothaft said, “Fortunately, the housing recovery should continue to absorb the economic shocks in stride and improve next year.”

In addition, there is expected to be a shift in the coming year from a refinance-dominated mortgage environment to one driven by purchases – for the first time in over a decade. “With the close of 2013 will also come a major transition in the housing finance industry,” said Nothaft. “For the first time since 2000, we’re going to see the mortgage market dominated by purchase activity as the refinance share drops below 50%. And with mortgage rates rising, we’re also going to see the home-sales gains as well as the impressive house price growth begin to moderate to more sustainable levels.”

In the third quarter of this year, lender-initiated foreclosure action fell to the lowest level since the second quarter of 2006, according to foreclosure listing firm RealtyTrac, Inc. About 120,000 homes nationwide were taken back by lenders during this year’s third quarter, putting the country on track to end the year with about 507,000 completed foreclosures – down about 24% from 2012 numbers. The number of foreclosures reached a high in 2010 at 1.05 million, and since then rates have been declining.

As the housing market continues its recovery, we can expect a few things to happen in 2014:

• House prices will continue to rise, but at a slower rate than 2013.
• As home prices rise, more homeowners will emerge from being underwater, putting them in the position to finally buy and sell properties.
• Mortgages will be dominated by purchases rather than refinance activity, for the first time since 2000.
• Higher mortgage rates will slow home sales and price gains to more sustainable levels.
• Low inventories will be helped by an increase in new construction and a decrease in investor purchasing.

To read the rest of this article...go to http://www.investopedia.com/articles/personal-finance/122013/what-expect-real-estate-market-2014.asp

REAL ESTATE BIRD DOG OPPORTUNITY

 REAL ESTATE

BIRD DOG

OPPORTUNITY

Earn $1000 TODAY

For each property you refer to us that leads to a completed transaction!



FPM Development LLC

we buy, sell and lease homes, the right solution is our 1st priority

888-698-7295  

www.FPMhoustonhomes.com

Info@FPMhoustonhomes.com

Hello!

You’re holding in your hand (or reading on your computer screen) a document for an exciting program . . .one that has helped others—and may help you—earn extra income with a minimum of time, hassle, and stress. It’s called “real estate bird dogging.” The concept is simple:

You locate distressed properties and/or distressed owners. You send us information about the property. For each new qualified lead you send us that results in our company (or someone we assign our contract to) being able to complete a successful settlement, we’ll pay you $1,000.

You send us the lead. We do the work. You get $1,000 when our contract settles.

You’ll find in this document:

♦ A summary flier

♦ A guide sheet that describes in more detail what we’re looking for.

♦ A lead submission form that you can fax or e-mail back to us every time you get a

lead.

♦ An Independent Contractor Agreement

♦ A Form W-9 that the law requires if we pay you more than $600.

You can spend as much (or little) time as you want being a real estate bird dog. Often, it’s not even spending time. You may run across distressed properties in your own neighborhood . . .on your way to work . . .or while visiting a friend. You may hear about distressed owners when you’re talking with friends or co-workers . . .visiting with neighbors . . .or even at the supermarket! All you have to do is send us the information and we take it from there. For any deal we can close, we’ll pay you $1,000.

Go to  or e-mail us with any questions.

Start sending in those leads TODAY!

Earn Easy Money!!!

UGLY HOUSE   =  $$$$

We will pay you $1,000 for any property that you tell us about and we purchase.

We need your eyes and ears as you go about your normal daily routine.

All you need to do is keep an eye open for vacant or run-down houses. It only takes a few minutes to write an address down and tell us about it.

We buy properties everywhere, so don’t be afraid to tell us about them. The more you submit the better chance you’ll have of earning $1,000 on each closing.

Go to www.FPMhoustonhomes.com (click “Bird Dog Opportunity”), for more information and complete instructions.

or e-mail BirdDog@FPMhoustonhomes.com.



Bird Dog / Scout Guide Sheet

$1,000 Finders Fee !!!

What we want:

We want you to find properties or owners that are DISTRESSED. Distressed means that there is a problem or situation that might allow us to buy a property for less than market value.

We need you to keep your eyes and ears open for potential opportunities. Let us know when you see a distressed property or hear about a distressed owner. We’ll pay you $1,000 if your information leads to us purchasing the property.

Where to look:

Anywhere in the Houston metro area. We primarily operate in Houston and all surrounding areas. We also buy properties Dallas, Austin and San Antonio.

What to look for:

As you walk or drive around a neighborhood, keep your eyes open for the following:

♦ Vacant Houses

♦ Boarded-up Houses

♦ Grass or Yard Overgrown

♦ Drain pipes not connected to gutters

♦ “For Sale by Owner” signs (no Realtor signs)

♦ Run-down or dilapidated houses in nice neighborhoods

♦ Mail piling up

♦ “For Rent” signs

♦ Broken windows

As you talk to people, keep your ears open for the following:

♦ Bankruptcy / Foreclosure / Behind on mortgage payments

♦ Death / Probate / Inherited property

♦ Divorce ♦ Tired landlords

♦ Evictions

♦ Neighbors complaining about house

♦ Relocating on short notice / Job loss

♦ Any circumstance that might require a quick sale

How to do it:

Any time you are out and see or hear of something that might interest us, let us know. That minute it takes to jot an address down could be worth $1,000.

If you can, take a digital picture of the house and any other part of the house that you can see.

Make a game of it! Try to do so many a day. The more leads you send us, the greater chance one will earn you $1,000. Keep your eyes and ears open for opportunity!!

Go to www.FPMhoustonhomes.com (click “Bird Dog Opportunity”), for more information and complete instructions.

or e-mail BirdDog@FPMhoustonhomes.com.



LEAD SUBMISSION FORM for Bird Dogs / Scouts

Date ______________

Instructions: Gather as much information as possible. Leave anything you do not know blank. The more information collected, the greater the chance of successfully purchasing the property. Properties with Realtor signs are not of interest.

Fax this completed form to 888-698-7295

Email digital pictures to: BirdDog@FPMhoustonhomes.com

Scouts Name___________________________ Phone _________________ Fax ___________________ Email __________________	How did you find this owner or property? ______________________________________ ____________________________________________________________________________
Property Address: ______________________________________ City ___________  State ______ Zip ________ County _______________________________ Property Owner’s Name: _____________________________________ Owner’s Contact Information: Home ___________________ Work ____________________ Cell ____________  Best Time to Call ________	Owner’s Motivation (circle all that apply): Vacant - Owner Occupied - Tenant Occupied Boarded Up - Poorly Maintained - Condemned For Sale by Owner - For Rent - Distressed Owner Divorce - Foreclosure - Bankruptcy - Probate Death of Owner - Job Loss - Relocating - Ugly House - Pretty House Other:__________________________________ ______________________________________

Property Information: Beds _______ Baths _______ Style ____________________ Garage _____ Levels _______ Units _______ Basement ____ Off-street Parking? _________ Age: New 10-30 30-60 60+ Neighborhood rating (1-10)____ Improvements needed _________________________ Major Problems____________

Condition Ratings: E = Excellent            G = Good F = Fair                      P = Poor Curb Appeal ________________ Exterior ____________________ Yard ______________________ Roof ______________________ Garage ____________________ Interior ____________________ Windows ___________________ Kitchen ____________________ Baths _____________________ Overall Rating ______________ NOTES:

OFFICE USE ONLY: Contact attempted on _______________________ Owner reached on _______________________ Call back on _______________________ Property inspected on _______________________ Offer made on _______________________ No action due to _______________________ NOTES:

INDEPENDENT CONTRACTOR AGREEMENT for Real Estate Bird Dogs / Scouts

THIS AGREEMENT is made and entered into as of the _____ day of ________, 20___, by and between FPM Development LLC ("Company"), a Texas Limited Liability Company having its principal office at 2450 Louisiana St. Ste. 400-201 Houston, Tx 77006 and ______________________________ (hereinafter called "Contractor”) who resides at ________________________________________________________________.

Terms and Conditions

1. Services To Be Rendered: Contractor shall render to Company real estate scouting services which includes, but is not limited to, locating properties for the business use of Company, locating abandoned and/or unwanted houses or small apartment buildings, and locating ‘motivated sellers’ needing to sell their properties quickly.

Contractor shall render all services as an independent contractor and shall not be considered an employee of Company for any purpose, including but not limited to eligibility for Company benefits or compensation or other rights and privileges afforded to employees of Company. Any and all insurance that Contractor may desire shall be obtained and provided by Contractor without cost or other obligation to Company. Contractor shall be held liable for its own actions while in pursuit of leads. Company will not intervene on Contractor’s behalf in case of injury or damages while performing in accordance with this agreement.

Contractor shall not modify any provisions of this Agreement without the prior written consent of Company.

2. Responsibilities: Contractor shall provide, at its own expense, its own transportation and equipment and any associated costs to maintain them. The following equipment is the minimum requirement:

1. Transportation

2. Digital Camera

3. Map of assigned area(s)

4. Access to the Internet (to forward photos upon request)

Contractor shall submit leads to Company using the ‘lead submission’ form or other acceptable method. Leads may be submitted by telephone, fax or email.

3. Term: The consulting services provided under this Agreement shall be performed, when required by Company, during the period of one (1) year from the date of execution of this Agreement. Nevertheless, it is understood and agreed that Company may terminate this Agreement and the services provided hereunder at any time and for any reason prior to the completion of this term. If Company terminates this Agreement prior to its completion, Company shall be liable only for work performed by Contractor prior to the effective date of the termination. This Agreement may be terminated without prior notice upon the breach of any provision or obligation thereof by the non breaching party.

4. Payment: Contractor shall be paid One-Thousand Dollars ($1,000) for any new qualified property lead that results in Company and/or assigns being able to complete a successful settlement on identified property. A qualified lead is any property that Company is not already aware of.

5. Notices: All notices required or permitted pursuant to this Agreement shall be deemed given if and when personally delivered in writing to the party or its designated agent or representative, or if and when mailed by United States Mail, registered or certified mail, return receipt request, postage prepaid, and properly addressed. All notices shall be addressed:

To Company: FPM Development LLC 2450 Louisiana St. Ste. 400-201 Houston, Tx 77006

To Contractor:

Each party may specify a different address for receipt of such notices by giving the other party at least fifteen (15) days written notice thereof.

6. Indemnification: Contractor shall defend, indemnify and hold harmless Company, its officers, employees, and agents, from any and all damage, losses, obligations, liabilities, claims, deficiencies, costs, and expenses of every nature and kind incurred by Company that are in whole or in part caused by or alleged to be caused by acts or omissions of Contractor, its officers, employees, agents, subcontractors, and lower-tier subcontractors arising out of or relating to Contractor’s work under this Agreement.

7. Applicable Taxes: All taxes applicable to any amounts paid by Company to the Contractor under this Agreement will be the Contractor's liability and Company shall not withhold nor pay any amounts for federal, state or municipal income tax, social security, unemployment or worker's compensation. The Federal Employer Identification number or Social Security Number for Contractor is ________________________.

Contractor will be responsible to report any earnings received to the IRS. Company will report any paid income over $600.00 to the IRS on Form 1099.

8. Headings: The headings included herein are inserted only for convenience and reference and in no way define, limit, or describe the scope of this Agreement or the intent of any of its provisions.

9. Applicable Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland.

10. Entire Agreement: This Agreement supersedes all written or oral agreements, if any, and constitutes the entire Agreement between the parties with respect to this Agreement. This Agreement may be modified only by the express written consent of both parties.

11. Severability: If any provision of this Agreement shall be determined to be illegal, invalid or unenforceable, the re- maining provisions shall remain in full force and effect.

12. Survival: The provisions of paragraphs 1, 6 and 7 shall survive completion or termination of this Agreement.

13. Execution of Agreement: IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

FPM Development LLC CONTRACTOR

Signature: Signature:

By: By:

Title: Title:

Date: Date:



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