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For Your Success!

C.A.R. Green Tip

The H2O Conserve Water Footprint Calculator is an interactive tool designed to help you quantify how much water you use, find out how you use it and what you can do to conserve.

The Calculator estimates the total amount of water you use, or your water footprint, using information you provide about your water use and habits. The Calculator takes into account not only the water used in your home, but also the water used to produce the food you eat, the products you buy, the energy you consume, and even the water saved when you recycle. You may not drink, feel, or see this virtual water, but it makes up the majority of your water footprint.

Based on your water use information, the Water Footprint Calculator:

● Provides a general assessment of your direct water and virtual water use, as well as a comparison to the national average of the combined direct and virtual water use of U.S. residents as developed by H2O Conserve.

● Shows your total household water use, as well as the average use per person in your household.

NOTE: The Calculator uses data from the U.S. Geological Survey, U.S. Energy Information Administration, U.S. Environmental Protection Agency and several other sources to calculate an individual’s water footprints. Results are based on national averages and approximations, and your results should be considered an estimate.

Click to use the H2O Conserve Water Footprint Calculator


Urge Governor to Sign SB 1178!

California’s legislature has recently passed SB 1178 (Corbett), C.A.R.’s sponsored bill to extend anti-deficiency protection to homeowners who have refinanced. C.A.R. is asking all California REALTORS® to contact Governor Schwarzenegger to urge him to sign SB 1178.

Please Contact Governor Schwarzenegger TODAY to urge him to sign SB 1178! To send an automated message provided by C.A.R. Take Action, click here.

What’s At Stake:

C.A.R. is sponsoring SB 1178 (Corbett) to better protect homeowners going through foreclosure. SB 1178 will ensure that homeowners keep the same “anti-deficiency” protections they have in the original loan after the loan has been refinanced.

California’s anti-deficiency protection for “purchase money” mortgages says essentially that if a homeowner defaults on a mortgage used to purchase his or her home, the homeowner’s liability on the mortgage is limited to the property itself. The law has worked well since the 1930s to protect borrowers, ensure the quality of loan underwriting and allow borrowers brought down by financial crisis to get back on their feet.

Unfortunately, the 1930s law hasn’t kept up with current times. Current law doesn’t apply to loans used to refinance the original purchase debt, even if the refinance was only to gain a lower interest rate. Recent years of low interest rates have induced tens of thousands of homeowners to refinance their mortgages. During those years, almost no one realized that refinancing their mortgage to obtain a lower rate, they were forfeiting their protections and were becoming personally liable on the new note.

SB 1178 will correct this injustice by extending anti-deficiency protections to those who have refinanced their loans.

Campaign Expiration Date: October 1, 2010

Below is the sample letter:

Subject: SB 1178 (Corbett) — SUPPORT

Dear Governor Schwarzenegger,

As a California REALTOR®, I respectfully request that you sign SB 1178 (Corbett) to better protect homeowners going through foreclosure or short sales.

SB 1178 will extend existing anti-deficiency protections to those homeowners who have refinanced their home mortgage. When owners refinanced their home to get a better interest rate, lenders never told them that the protection is lost if they eventually lose their home to foreclosure — the lender can not only take their home, but also pursue them personally for the difference between the current value of the property and the new mortgage balance.

It is unfair to allow lenders to use this technicality, since most owners are unaware that they’ve lost their anti-deficiency protection when they refinanced.

I urge you to sign SB 1178.

Sincerely,
Your Name

To send an automated message provided by C.A.R. Take Action, click here.


HAFA Short Sale Experience?

What’s Your HAFA Short Sale Transaction Experience?

Tell C.A.R for a Chance to Win Lunch with Ray Mathoda, Advisor to Federal Policymakers on HAFA and Founder of AssetPlanUSA.

Do you have a HAFA short sale transaction experience or suggestion you would like to share with other REALTORS® making a difference?

C.A.R. wants to hear your HAFA experience or suggestion!

Share your successes, ideas, challenges with HAFA along with suggestions for improvement for the Treasury Department. Your submission will enter you into a contest for a chance to Win Lunch with Ray Mathoda*, Advisor to Federal Policymakers on HAFA and Housing Industry Entrepeneur and Founder of the Training and Education firm AssetPlanUSA, Inc. For more information about Ray Mathoda, visit http://raymathoda.com. See below for complete contest details*.

Tell C.A.R. on Facebook at Certified HAFA Specialist (CHS) or at http://www.facebook.com/#!/pages/Certified-HAFA-Specialist-CHS/108110262571299?ref=sgm.

Or tell C.A.R. on Twitter at CHS_HAFA Specialist at http://twitter.com/HAFASpecialist.

*Contest details: “Lunch with Ray Mathoda” contest will be held beginning Tuesday, August 24, 2010 through midnight on Tuesday, September 7, 2010. The winner will be drawn from all submissions received on the Certified HAFA Specialist (CHS) Facebook or Twitter accounts from 8/24/2010 through 9/7/2010. To enter without a submission please mail on a 3″x5″ card, your name, email, and phone number. 3″x5″ card must be received by 5:00 p.m. Tuesday, September 7, 2010. One winner will be announced on the CHS Facebook and Twitter accounts on Wednesday, September 8, 2010. The top five best HAFA improvement suggestions for the Treasury Department wil be chosen and re-posted on Thursday, September 9, 2010 on the Facebook and Twitter CHS accounts. Lunch with Ray must be scheduled and taken on or before December 31, 2010. Ray will come at Ray’s cost to the winner’s city and treat the winner to lunch at a place agreed upon by both parties. Winner must arrange their own transportation to the lunch location.


eKEY Adapter for iPhone

Use your iPhone as your lockbox key! The eKEY adapter for the iPhone is now availabe at the CCAR Realtor Shoppe for only $59.99, While supplies last.

With eKEY software, use your iPhone as your lockbox key. eKEY updates wirelessly so you can do business anywhere.

There are two service levels available: eKEY Basic which provides basic keybox functions. eKEY Professional (coming later this year)adds MLS data saved to your phone, links Google maps to the listings, and delivers showing details to your phone.

eKEY Basic Features

● Wireless Updates and Alerts
● Obtain Listing Keys
● Keep track of all your key boxes right from your phone
● Manage and Program your keyboxes
● Easily place and remove keyboxes from listings using your phone
● Change your own shackle codes

Supra eKEY Adapter

The Supra iPhone Adapter plugs into the 30 pin dock connector.  It adds Infrared to the iPhone.  It is designed to hang from a key chain when not in use.  When you are ready to show a house, just slide it out of its cover, and plug it into your iPhone.


Can’t Afford Your Mortgage?

New Fannie Mae website helps troubled borrowers with next step

Mortgage giant Fannie Mae has launched a website for distressed homeowners who need help figuring out what to do next.

Knowyouroptions.com, which went live Tuesday, offers information on refinancing, repayment plans, forbearance agreements, mortgage modifications and other possible solutions.

Homeowners who no longer can afford their mortgages but don’t want to get hit with a foreclosure can learn about graceful exits — short sales and deeds in lieu of foreclosure.

“We want to avoid foreclosure,” spokesman Jason Vasquez says. “That’s just not good for anybody.”

The website is interactive and available in English and Spanish. Borrowers don’t need Fannie Mae loans to take advantage of the site.


CCAR RUN-OFF ELECTION HAS BEGUN!

RUN-OFF ELECTION BEGAN MONDAY AUGUST 2 at 9am. Click here to visit the election center.

We encourage you to change your membership password prior to the start of our election run-off.

CCAR Bylaws dictate that a simple majority vote is required to elect Officers. In this election we had three candidates vying for the position of 2011 President-Elect. No one candidate achieved the 50% plus 1 requirement; therefore, we are conducting a run-off election. For the benefit of the Association, in order to more easily accomplish the majority vote, candidate Scott Griffith has voluntarily withdrawn from the election.

In accordance with Article XI of the Corporation Bylaws, Marilyn Cunningham and Barbara Safran are the nominees hereby submitted for election to the position of 2011 President-Elect. The voting deadline is 9:00 AM, Monday, August 16, 2010.

In order for this election to be valid, the number of votes cast must equal or exceed the quorum requirement of 15% of the total CCAR REALTOR® membership. As of the record date for this election (June 4, 2010), the total CCAR REALTOR® membership is 3089, therefore, the minimum number of responses needed to meet quorum requirement is 463.

If you experience any problems during voting, please call 925-451-0622 or email michael@ccartoday.com. This applies regardless of CCAR business hours.

Click here to vote!


GreenFEST 2010


Contra Costa Association of REALTORS® and Sustainable Contra Costa invite you to GreenFEST 2010!

Saturday, August 14th
1870 Olympic Blvd.
Walnut Creek

CCAR and Sustainable Contra Costa have partnered on this annual event that brings together GREEN businesses offering resources and tools for “going green.” The free and fun event will feature food, music, and educational demos on recycling and composting, water conservation tips, as well as money-saving products for utilizing a healthier, green lifestyle. GreenFEST will accept food bank donations, provide cell phone recycling, e-waste recycling, paper shredding, TRADE a bag (receive a recycle bag for a plastic bag) and Green Travel tips. In addition there will be TEST rides on electric scooters, alternative fuel vehicles, demos, a kids’ zone, and GIVEAWAYS from the many sponsors like Renassaince Club Sport, Green Essence Cleaning Company, Whole Foods, and scrumptious food from Nature’s Bounty Café.

For the RAFFLE, the Walnut Creek Green Business, Green Wheelin’ Scooters, will provide a TEST ride on bikes and scooters like the RAFFLE PRIZE Sorrento electric transportation Scooter, and IZIP Electric Urban Cruiser Enlightened bike, each valued at $1899. Tickets are available for $10 each, three for $25, or 7 for $50.

Proceeds from GreenFEST 2010 will go to the Contra Costa Association of REALTORS® non-profit “Helping Hands Foundation” which funds educational scholarships and philanthropic endeavors that give back to the communities in which CCAR serves as well as benefitting Sustainable Contra Costa. For sponsorship opportunities and posters to display at your location, go to www.GreenFESTContraCosta.com.

We’ll see you at GreenFEST on August 14th!

Contact Terrylynn Fisher for more information at, info@GreenFESTContraCosta.com or 925.876.0966.


ccarlive July Relaunch

The July edition of ccarlive, features information about:

● CCAR Scholarship Winners with Photos
● New 2011 CCAR Board of Directors
● REALTOR Safety: Fight or Flight?
● Industry News: How Inmates are Receiving the Homebuyer Tax Credit and Developing the Skill of Qualifying Buyer
● Navigating ccartoday.com
● A R.E.trospective by Jerry Kidd
● New Members from May-July 2010
● A Snapshot of Events from R.E. BarCamp 2010, CCAR Board Walk5k, A Taste of Nations, and the 43rd Annual Scholarship Awards Luncheon
● Eco-Friendly Home Improvement Tips
and much, much more…

Hard copies are available at CCAR’s Real Estate Shoppe or call 925 295 9200 and request a copy to be mailed to you for a $5.00 shipping and handling charge.

Sincerely,
Your CCAR Team


Want DRE Credits?

Come to the Risk Management Back to Basics Seminar on Wednesday, August 18 at Shadelands Civic Arts Center in Walnut Creek.

Shannon Jones has been approved to offer three (3) DRE credits for this seminar at a cost of $25. If you would like DRE credits in lieu of payment, bring back to school items to the seminar (backpacks, pencil boxes, notebooks, markers, etc.) in support of the Bay Area Crisis Nursery www.bacn.info.

This week 7/18 – 7/24 Office Supply stores are having Giant Back to School sales!

Staples
$0.01 School Glue
$0.25 Pencil Cases
$0.25 Mechanical Pencils (5 pack)
$1.00 Scissors
$1.00 Markers (10 pack)
$3.00 Markers (30 pack)
Buy 3 get 1 free Binders
50% off Backpacks

Click here to see the ad.

OfficeMax
$0.20 Scissors
$0.25 Glue and Glue Stick Combo Pack
$0.25 Pencil Sharpener
$0.50 Pens (10 pack)
2 for $3.00 Notebooks (1 subject)
2 for $5.00 Notebooks (3 or 5 subject)
2 for $5.00 Crayola Art Supplies
Buy 3 get 1 free Binders

Click here to see the ad.

Office Depot
$0.05 Pocket Folders
$0.25 Notebook Paper (150 sheets)
Buy 2 get 1 free Scissors
25% off Backpacks
40% off Markers and Pens

Click here to see the ad.

FREE to CCAR members who do not want DRE Credits. Non-members $30 advance payment. Your name must be on the registration list to attend. For more information, contact Cherie Lilly at 925.295.9207 or cherie@ccartoday.com.

The mission of the Bay Area Crisis Nursery is to prevent abuse and neglect of children by providing support to families who are in stress or crisis.


CA Prop. 90 & 110

El Dorado County has implemented California Propositions 90 and 110, effective February 2010. There are just 7 other counties in California that offer there programs, which provides a property tax benefit to certain persons moving from one location in CA into one of eight others counties.

The adoption of proposition 90 in El Dorado County now enables sellers over the age of 55 from other California counties, to transfer their property tax base from the sale of their home in their county to a home purchased or built in El Dorado county, assuming the price does not exceed a specified percentage of the prior residence sale price. The adoption of Proposition 110 provides similar property tax transfers for persons that are severely or permanently disabled, regardless of their age.

Detailed information about the benefits and qualifications of Propositions 90 and 110 may be learned by calling the El Dorado County’s Assessor’s office at 530.621.5719, or visiting their website at, http://www.co.el-dorado.ca.us/assessor/index.html.

The El Dorado County Association of REALTORS® (EDCAR) and the El Dorado County Chamber of Commerce jointly requested their county’s participation in Propositions 90 and 110. El Dorado County is contiguous to and east of Sacramento and runs east to the Nevada State line.


2010 Election Results

Thank you to all the candidates for stepping up to the plate and offering your time and talents, and congratulations to the winners who will be guiding CCAR’s future successes.

The results are as follows:

Treasurer:                 Robin Dickson
District 2 Director:     Lisa Hoctor
District 4 Director:     Ron Mintz
Director-at-Large:      Sue DiMaggio Adams, Laurie Donovan, and Stuart McAfee

Our Bylaws dictate that a simple majority is required to elect Officers. This year we had 3 candidates vying for the position of 2011 President-Elect. No one candidate achieved the 50% +1 requirement; therefore, a run-off election will take place. For the benefit of the Association, in order to more easily accomplish a majority vote, candidate Scott Griffith has voluntarily withdrawn from the election. This leaves Barbara Safran and Marilyn Cunningham as the two remaining candidates who will be placed on the run-off ballot. The online run-off ballot will be posted to ccartoday.com on August 2. All members who are qualified to vote as of the election record date of June 4 will be provided access to the ballot until August 16 at 9am at which time the ballot will be closed and the winner announced.

Thanks to those of you who previously voted. We count on your votes again to help us achieve our quorum and, more importantly, to support your favorite candidate.

Sheiren Diaz
Chief Executive Officer


Green in the Kitchen

Between the refrigerator, oven, microwave, and lights, kitchens can consume a lot of energy, but here are some ways to reduce your kitchen’s energy usage and save some money:

“Right size” your appliances: The larger your appliances, the more energy they consume. And, large appliances take up more space, meaning you’ll need to heat and cool additional square footage to accommodate them. Finding the “right size” appliance to fit your needs—instead of just buying the largest one available—can help you to save energy.

Replace old refrigerators: If your refrigerator is more than 10 years old, it might be time to consider replacing it. Old refrigerators can account for up to 15 percent of a home’s energy consumption. Newer refrigerators, especially ENERGY STAR models, consume significantly less energy than older models, sometimes as little as one-quarter of the energy. Try not to be tempted to keep the old refrigerator running in the garage, running two refrigerators will just increase your energy costs! Many local utility companies offer rebates to pick up your old refrigerator if it’s still operational.

Use your dishwasher: Although dishwashers are energy intensive, they also use less water than hand-washing, so as long as you use your dishwasher wisely, running the dishwasher can be a good thing. Dishwashers today are built to handle food remnants, so resist the urge to pre-rinse before putting your dishes in the dishwasher, basically you are just doing double-duty (and increasing your water bill). Also, always make sure you run a full load. Dishwashers always use the same amount of water, so the more dishes you can fit in a load, the more energy efficient it will be. As with a refrigerator, if your dishwasher is old, consider replacing it. Replacing a pre-1994 dishwasher with an ENERGY STAR model can save $30 a year on utility costs.

Cook smart: Making small changes to the way you cook can definitely increase your energy efficiency. For example:
Put a lid on pots and pans: it will decrease time on the burner.
Unplug appliances: Even when not in use, some appliances may still be consuming standby energy.
Size matters: If you are making a meal, think about using a toaster oven or the microwave, both consume significantly less energy than a regular oven.


Within Walking Distance

Jennifer and Andrew Greenberg didn’t fall in love at first sight with the 1950s ranch house they just bought in Portland, Ore. But they did feel that way about the neighborhood. They saw people out walking and noticed how close the house was to coffee shops and wooded paths. So they chose the home that needed more work over a comparably priced but more upscale option in another area. “When it came down to it, we weren’t willing to compromise on walkability,” says Ms. Greenberg, a 37-year-old event planner.

Today’s home buyers aren’t just looking for good schools and low crime rates when they evaluate a neighborhood, many brokers say. They’re paying much more attention to what they can walk to.

“Everyone wants to know now how close they are to stores,” says Linda Duggan, an owner of The Duggan Group real-estate agency. She recently had clients who, given a choice between a house in Danville, Calif., and another that was bigger, newer, $300,000 cheaper—and 20 minutes farther from town—chose the first one. Earlier this year Scott Newman, of Newman Realty in Chicago, started highlighting how close his listings are to amenities. The number of amenities in walking distance can vary sharply from block to block, he adds.

“For a lot of Americans, the whole problem of traffic congestion and having to drive everywhere to do almost anything has made other choices more attractive,” says Kaid Benfield, director of the Washington-based Natural Resources Defense Council’s Smart Growth Program. Urban planners say it’s also a matter of demographics: Baby boomers are coming of empty-nest retirement age, and at the same time their children are buying their first homes, and neither group wants large lots in remote places where little is going on. Fear about future oil prices is also increasing the attractiveness of walkable neighborhoods.

In response, websites have sprung up to rank which homes have the most amenities within walking distance. The most commonly used one is WalkScore.com, started in 2007 by Seattle software company Front Seat. The site saw visits in May more than double from year-earlier levels, to 938,000, according to comScore Inc., which measures online audiences. Ads on real-estate websites now include Walk Scores, and some 4,000 websites now link to the site’s map, where users can input an address and get a score.

Real-estate prices are reflecting the new interest in walking distances. A study published in August of 90,000 homes across the country by nonprofit CEOs for Cities, a group of urban-redevelopment advocates, found that having more amenities in walking distance can boost home values. As measured by Walk Score, walking-distance amenities raised values by as much as $3,000 for a one-point increase in rankings. And a report released in January by the Natural Resources Defense Council found a neighborhood’s “location efficiency”—a measure of the transportation costs in a given area—affected the number of foreclosures in the area.

A walkable neighborhood doesn’t necessarily have to be in the city center. And it doesn’t have to be more expensive. Eric Fredericks decided in September that, with the housing tax credit, it made more sense to buy than to keep renting. Planning on kids, he and his wife wanted a three-bedroom house in Sacramento, Calif. “We never considered living in suburbia,” he says. But they found a new development in a suburb called Rancho Cordova organized around a main street, with stores and restaurants. Their 2009 house is six inches away from the house next door and a couple of blocks from the town center. It cost $240,000, half what he says he would have paid for a comparable place downtown.

Walk Score uses an algorithm to calculate the distance from any address to amenities like restaurants, grocery stores, movie theaters and public transportation. In a section on its website called “How It Doesn’t Work,” the site says it doesn’t factor in street design, safety, topography, weather, and sidewalks. The website uses “as the crow flies” to measure distance, ignoring enormous hills or big rivers, saying: “…if you live across the lake from a destination, we are assuming you will swim.”

But Billy Riggs, a city and regional planner at University of California, Berkeley, says, “Topography is the most important factor in determining people’s walking behavior.” Lewis Knight, a 45-year-old urban designer, was surprised to find his home in Oakland, Calif., scored 62, “somewhat walkable.” While there’s a Safeway supermarket and a CVS drugstore half a mile away, they’re at the bottom of a 700-foot hill with no sidewalks.

Recently, Missoula, Mont., city planner Lewis Kelley inserted his address on a tree-lined street with sidewalks and few cars that’s about half a mile from stores and restaurants and contrasted it with an address on a nearby four-lane arterial road with almost no pedestrians. That address got an 83 on Walk Score, beating Mr. Kelley’s address by 14 points. “I think it’s pretty intuitive which one is more friendly to pedestrians,” he says.

Walk Score’s chief executive, Josh Herst, says the site is working on the issues of traffic and topography. The site recently got a grant to improve how it calculates walking distances. The site uses information from Google that isn’t always updated: Sometimes, stores and restaurants don’t show up at all. (“Keeping Google Maps completely up-to-date is a challenge we’re always working on,” a Google spokeswoman says.)

Still, the more emphasis on walking distance, the better, say many home-buyers. Gary Howe, a photographer and writer in Traverse City, Mich., has been working with his city’s planning department to get, among other things, pedestrian-enhanced crosswalks at a busy intersection—a crossing so dangerous, he says, that many neighbors drive less than a block to a pharmacy just to avoid that street. “When I was looking for a house four years ago, lots of real-estate agents didn’t even mention walkability,” Mr. Howe says. “Now I see it everywhere, which is great.”

For more information, click here.


Homes Open Today

It is Going to be a HOT Weekend for Open Homes!

Are you a CCAR member holding an Open House?  Why not do something to help your open house STAND OUT? Login to ccartoday.com and augment your listing with as many as 25 additional pictures! Its fast and easy, benefits your seller, and helps your listing stand out. Click here for an example of how a listing looks with all those extra pictures. Don’t forget that you can publish your open house via the MLS, or through HOT – HomesOpenToday.com directly. Either way, we will help drive traffic to your open house through the HOT website.


Home Tax Credit Extended

First-time homebuyers will have until Sept. 30 to close on their purchases and land an $8,000 tax credit under a bill passed by the Senate late Wednesday, June 30.

President Obama is expected to sign the bill, which was overwhelmingly approved by the House on Tuesday. The deadline had been June 30.

The bill doesn’t help anyone currently shopping for a home. Buyers must have signed a contract by April 30 to qualify for the tax break. At issue is when the deal must be finalized.

Qualified existing homeowners also have until Sept. 30 to close on new homes and receive a tax credit of up to $6,500.

Congress has been trying to pass the extension for the last month, but it got caught up in Washington politics. Only when it was separated from a larger jobs bill did deficit-wary lawmakers sign off on it. The extension will lower the deficit by $9 million over a decade since it is offset by certain other provisions.

An estimated 200,000 people have missed out on the tax credit because they wouldn’t have been able to close by the end of business Wednesday. Many are trying to take advantage of short sales, which are complicated deals to complete.

The Senate approved the stand-alone homebuyers tax credit shortly after a failed attempt to advance a bill that combined the credit with an unemployment benefits extension.

Senate Majority Leader Harry Reid, D-Nev., said the chamber will take up the benefits bill again once a replacement for the late Senator Robert Byrd, D-W.Va., is named. Byrd, the longest serving member of Congress in history, died Monday at age 92.


C.A.R. Member Benefits

MEMBER BENEFITS WEBINAR FOR REALTORS®

Learn more about your C.A.R. member benefits by participating in this webinar. This is your passport to growth, knowledge and professionalism within the real estate industry. We are committed to bringing you the very finest tools and information to help you succeed. The information allows you to access a variety of tools, services and products that your Association provides for your professional growth. We wish you the very best as a REALTOR®.

Title: Member Benefits
Date: Wednesday, July 14, 2010 https://www1.gotomeeting.com/register/335769768
Time: 9:30 AM – 10:30 AM PDT

Title: Member Benefits
Date: Wednesday, August 18, 2010 https://www1.gotomeeting.com/register/477550936
Time: 9:30 AM – 10:30 AM PDT


2011 CCAR Elections

The Election for 2011 CCAR Officers and Directors has now begun. The election cycle will run from June 28th, through July 19, 2010 at 9am.

You can review our approved slate of candidates here, or by scrolling to the bottom of this page. In order for the election to be valid, the number of votes cast must equal the quorum requirements of 15% of the total CCAR membership as of June 4, 2010, which is 463 votes.

CCAR members have the option of voting with paper ballot by appointment at the CCAR office, but are encouraged to make the best use of their time and Association resources by voting online, here.

Please read the election brochure, complete with candidates statements and the rules governing the CCAR Elections, here.

Following are the open positions, qualifications, requirements, and the candidates who are running for each position.

District Directors for Districts 2 and 4 shall be elected in this election; however, only members from those Districts may vote for their respective District Director and Directors-at-Large in addition to voting for President-Elect and Treasurer. Also, you are entitled to vote for up to three Directors-at-Large.

PRESIDENT-ELECT (1 position)
Candidates: Marilyn Cunningham, Scott Griffith, Barbara Safran
Must be a REALTOR® member who works in any CCAR jurisdiction (serves a one-year term, then succeeds to President)

TREASURER (1 position)
Candidate: Robin Dickson (serves a two-year term)

DIRECTOR-AT-LARGE (3 positions)
Candidates: Sue DiMaggio Adams, Lito Calimlim, Laurie Donovan, Stuart McAfee
Must be a REALTOR® member who works in any CCAR jurisdiction (serves a two-year term)

DISTRICT 2 DIRECTOR (1 position)
Candidate: Lisa Hoctor
Must be a REALTOR® member with an office address in Moraga/Canyon, Orinda, or Lafayette (serves a two-year term)

DISTRICT 4 DIRECTOR (1 position)
Candidate: Ron Mintz
Must be a REALTOR® member with an office address in Alamo, Danville, Diablo, or San Ramon (serves a two-year term)


National Flood Insurance

NAR is working very closely with key Members of Congress and the Senate on a reinstatement of the National Flood Insurance Program. This will push the consideration of H.R. 5569 (National Flood Insurance Program Extension Act of 2010) to the week of June 28, 2010. NAR is working with Senate leadership in both parties to urge the Senate act quickly to pass H.R. 5569.

A bill to reinstate the National Flood Insurance Program passed the House of Representatives on June 23, 2010. The Senate must still pass the bill. This action is step one of the process, but represents a major development in NAR’s efforts to end the Flood Insurance lapse.

NAR continues its Call for Action to urge Congress to take immediate action on a lasting NFIP extension.

Background Information

After May 31, the NFIP will not have the statutory authority to issue new or renewal policies until Congress reauthorizes the program. This will not affect existing policies, renewal policies within a 30-day grace period, or policies purchased prior to the program’s lapse. Also, FEMA allows buyers to “assume” the seller’s existing policy without having to re-issue it (http://www.fema.gov/pdf/nfip/manual201005/03gr.pdf). The purchase requirement for flood insurance may be met with non-NFIP policies; for instance, Lloyd’s of London, Chubb and AIG have offered such insurance, but it can be very expensive and is limited to a certain number of states, with other conditions.

FEMA May 28 Notice: NFIP Reauthorization Information for WYO Companies and Agents

NAR has been working with FEMA, FHA, Fannie, Freddie and the VA to provide guidance, similar to what it provided in April, for lenders as to the steps they may take to meet flood insurance purchase requirement during an NFIP lapse. With updated guidance in hand, lenders should have the assurances that they need to continue to close loans. FHA has already issued updated guidance. Fannie Mae, Freddie Mac, the VA, and other lending authorities are expected to release guidance shortly, and NAR will post the guidance at www.realtor.org.

We encourage you to visit the following resources for additional information:

FEMA May 28 Notice: NFIP Reauthorization Information for WYO Companies and Agents
FEMA
Office of Thrift Supervision Guidance on NFIP Lapses
Fannie Mae Notice
Freddie Mac June 1 Notice
Veterans Administration (VA) Notice
Veterans Administration (VA) Home Loan Loan Guaranty Home Loan Program
FHA Appraisal and Property Requirements
FHA Single Family Housing


Jerry Kidd Training

Smart Phones, iPhones, Droids, and Blackberrys… Oh My!

Friday, June 18 2010, 9:30-11:30am. 1870 Olympic Blvd, Walnut Creek, Small Conference Room.

With all of the hype surrounding new phones, how does an agent decide which phone is right for him or her? This class cuts through the mystery and delivers tools and techniques anyone can use to make the right decision. Space is limited sign up here, today.

Click here to view the flyer for this event.

For more information, contact Betty at 925 295 9226 or betty@ccartoday.com.


Risk Management Seminar

CONTRA COSTA ASSOCIATION OF REALTORS® PRESENTS
C.A.R. Update and Risk Management Legal Seminar

Wednesday, June 23, 2010
9am Check In & Refreshments
9:30am-12pm Program

Shadelands Civic Arts Center, 111 N. Wiget Lane, Walnut Creek

FREE to CCAR MEMBERS
Seating is Limited: Register today!

FEATURING
AN UPDATE FROM C.A.R. DIRECTORS

AND

SHANNON B. JONES
This leading East Bay real estate attorney will discuss issues affecting real estate professionals such as Disclosure issues, agent trouble areas, and fallout of the short sale market

Members register by 6/21/10
at ccartoday.com/1318

Non-members $30 advance payment. Non-members not paid in advance will be admitted if seats are available. Your name must be on the registration list to attend. For more information, contact Cherie Lilly at 925 295 9207 or cherie@ccartoday.com.


Homeownership Rate

Fed releases study on homeownership rate

The U.S. homeownership rate, currently down two percentage points from its 2006 peak of 69 percent, could decline by an additional five percentage points over the coming years to levels last seen in the mid-1990s, according to a report from the Federal Reserve Bank of New York.

The study looks at the number of underwater homeowners and excludes them from the official homeownership rate calculated quarterly by the Census Bureau. Based on the study, the actual rate of homeownership is 62 percent, rather than the 67.2 percent rate as reported by the Census Bureau.

Click here for more information.


HAFA Guidelines

GSEs release HAFA guidelines

Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac last week released guidelines for implementing the Treasury Dept.’s Home Affordable Foreclosure Alternatives Program (HAFA).  The new guidelines apply to loans owned or guaranteed by the GSEs; servicers are required to implement the new policies no later than August 1.

While largely consistent with the HAFA guidelines for non-GSE mortgages, both Fannie and Freddie have implemented changes. To qualify for the Freddie Mac HAFA program, borrowers must be more than 60 days delinquent and have cash reserves of less than $5,000 or three times the current monthly mortgage payment, whichever is greater.  Similar to the non-GSE HAFA program, Fannie Mae allows borrowers to qualify if they are at imminent risk of default.  However, Fannie prohibits borrowers from participating in HAFA if the borrower: Has the ability to continue making mortgage payment, but chooses not to do so; has substantial encumbered assets of significant cash reserves equal to or exceeding three times the borrower’s total monthly mortgage payment or $5,000, whichever is greater; or has high surplus income.

Fannie and Freddie both allow the real estate commission in the listing agreement, but not more than 6 percent.  Consistent with the non-GSE HAFA program, Fannie and Freddie guidelines do not permit subordinate lien holders to require contributions from the real estate agent or borrower as a condition for releasing its lien and releasing the borrower from personal liability.

Click here for more info on Fannie Mae guidelines
Click here for more info on Freddie Mac guidelines


LegDay is June 9, 2010

Legislative Day is an opportunity for REALTORS® from across California to meet with their state legislators to discuss the issues that affect the real estate industry the most. Attending Legislative Day is not only a great investment in your business, it will also provide you with an opportunity to hear from the state’s most dynamic political leaders and the leadership of your state association, and enjoy a fabulous reception.

ACTIVITIES
Where:  Sacramento, California
When:   Wednesday, June 9, 2010

9-11am, Morning Briefing
Sacramento Convention Center
13th and J Streets
Assembly Speaker John Perez; Senator Dennis Hollingsworth; and Alex Creel, C.A.R. Senior Vice President of Government Affairs.

Noon, Individual Lunches and Legislator Meetings
Lunch will be provided for Region 5 and Region 6 REALTOR® Action Fund Investors with guest speaker Sunne McPeak, President and CEO of the California Emerging Technology Fund.

1:30-3pm, Meetings with you California Legislators
State Senator Mark DeSaulnier, Assembly Member Joan Buchanan, Assembly Member Tom Torlakson, Assembly Member Nancy Skinner

4:30-5:30pm Member Director Forum
Exhibit Hall E, Convention Center
This session is a fast-paced update on key industry issues and a preview of hot policy, legal and regulatory topicsthat the C.A.R. Directors will be considering during the Business Meetings.

5:30-7:30pm Capitol Reception
Sheraton Grand Hotel
In honor of C.A.R.’s valued political contributors and State VIPs, come mix and mingle with California’s power elite, at the Capitol Reception .

11am-4pm Spa Retreat
Hyatt Regency Pool Deck

The Sacramento Association of REALTORS® is hosting a Spa Retreat RAF Fundraiser Wednesday in conjunction with Legislative Day so you can drop when there is a break between legislative meetings, region lunches, and enjoy a chair massage, some snacks, and rest your feet.

Three spa packages are offered, and all money collected is counted to your total lifetime investment in the REALTOR® Action Fund.  Tickets will also be sold for great contest prizes, including an Apple iPad, $300 Southwest Airlines Gift Card, and an Amazon Kindle with a $40 Amazon Gift Card. For more information about the Spa Retreat, please see http://spa.sacrealtor.org.

For more information about Legislative Day, click here.


SB 1178 Passes Senate!

SB 1178 Passes Senate!
Victory for REALTORS® and Their Clients!
SB 1178 was just approved by the Senate, over lender opposition, with a vote of 30 to 4.

Thank you to the over 5,000 REALTORS® who made a difference by contacting their senator to support the bill! For more information on the vote, see the list below.

C.A.R. is sponsoring SB 1178 (Corbett) to extend anti-deficiency protections to homeowners who have refinanced “purchase money” loans and are now facing foreclosure. Most homeowners didn’t even know that when they refinanced they lost their legal protections, and now may be personally liable for the difference between the value of the foreclosed property and the amount owed to the lender.

Here is how senators voted today.

“Yes” votes: Aanestad, Alquist, Ashburn, Cedillo, Cogdill, Corbett (author), Correa, DeSaulnier, Ducheny, Florez, Hancock, Hollingsworth, Huff, Kehoe, Leno, Liu, Lownenthal, Negrete McLeod, Oropeza, Padilla, Pavley, Price, Romero, Runner, Simitian, Steinberg, Wolk, Wright, Wyland and Yee.

“No” votes: Calderon, Denham, Strickland and Walters.

Not voting: Cox, Dutton, and Harman.

Absent (not in Sacramento that day due to health reasons): Wiggins.

Thank you to everyone who made a call to their senator. Facing lender opposition, many of those who ultimately voted for the bill, may not have done so if they hadn’t received so many calls from REALTORS®.

For more information contact DeAnn Kerr at deannk@car.org.