re phoenix executive event opening presentation

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Opening presentation by Steve de Laveaga at Realty Executives Phoenix Executive Event. April 2011.

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Page 1: RE Phoenix Executive Event Opening Presentation
Page 2: RE Phoenix Executive Event Opening Presentation

---WELCOME---

Realty Executives PhoenixApril Executive Event

Doubletree Paradise Valley Resort

April 6, 2011

Page 3: RE Phoenix Executive Event Opening Presentation

WHAT’S NEW IN OUR MARKET

Steve de LaveagaSenior Vice PresidentSales & Marketing, FNT Maricopa

Page 4: RE Phoenix Executive Event Opening Presentation

2011 The Resale Market- FNT Snapshot

• At FNT we have seen a 60% Increase from 2010 to 2011 for

OUR RESALE BUSINESS• This tells us that vast majority of

our transactions at this time are the agents getting in front of the

transaction

• We have also seen 9.2% increase in our Escrow Only,

which include our REO properties. This will be on the rise as the year progresses as

well

Page 5: RE Phoenix Executive Event Opening Presentation

Sales Price Comparison- Mike Orr Report

Page 6: RE Phoenix Executive Event Opening Presentation

Foreclosure Year over Year Comparison-Mike Orr Report

Page 7: RE Phoenix Executive Event Opening Presentation

Pending Listings- The Most Telling Recovery Sign- FNT/Cromford Report

Page 8: RE Phoenix Executive Event Opening Presentation

• Demand now slightly outpacing supply• Downward pricing pressure eased• Investor demand is key to low-end

market• Signs of slight recovery in some areas:

– Mostly between $250,000 and $800,000

Short Term Outlook- FNT/Cromford Report

Page 9: RE Phoenix Executive Event Opening Presentation

Major Trends – Positive- FNT/Cromford Report

• Economy & job situation improving slowly• Low prices stimulating new demand for homes

– Growth in demand is primarily from investors

• Buy & hold strategy growing in importance

• Great time to be a landlord

– Low purchase price– Rents steady, plenty of tenants– Excellent cash flow

• Foreclosure wave now well into a long slow decline

• Supply declining since late November 2010

Page 10: RE Phoenix Executive Event Opening Presentation

REOMAC Update

Every Major Servicer is Trying to Get in Front of a Short Sale

Transaction

What does this mean for each of you?

Page 11: RE Phoenix Executive Event Opening Presentation

REOMAC Update

Although REO will be a part of our market for many years to come, Servicers are looking more and

more in the Real Estate Professional’s Direction.

Why?

Page 12: RE Phoenix Executive Event Opening Presentation

REOMAC Update

The Reason Is…

Servicers now see the Realtor becoming the Marketing and Communication Path to the

Consumer

Page 13: RE Phoenix Executive Event Opening Presentation

What Makes FNT Unique to your Transactions?

Fidelity National Title’s Relationships with Servicers can

assist you with escalation and help you to get your files

closed.

Page 14: RE Phoenix Executive Event Opening Presentation

Testimonials

“I had a short sale I was working on for 4 months with Chase. We were continually being told that the approval letter was on it's way and the buyer was getting very antsy. Sharon Terhune put me in touch with Fidelity's SVP- Steve de Laveaga, who made ONE CALL to the Head of Loss Mitigation for Chase and my deal was closed in less than 10 business days. The contacts Fidelity Title has with banks is phenomenal and has helped get many of my short sales approved faster and successfully close.”

Lauren EllingtonRealty Executives

Page 15: RE Phoenix Executive Event Opening Presentation

Testimonials

Walt DanleyThe Walt Danley Group

Realty Executives

"Fidelity's bank escalation process is yet another in a long line of helpful tools that our title partner offers us. A quick phone call puts our transaction in front of the right people to push the process forward. It helps reduce our clients' stress

levels and allows us to close sales more quickly."

Page 16: RE Phoenix Executive Event Opening Presentation

Testimonials

“Fidelity National Title has helped us in two very distinct ways. First, when we've come to an impasse (BPO value, seller contributions to 2nds)

with a lender and our file is complete and are numbers show the short sale should be approved and isn't... The escalation typically results in an approval letter and a

closed short sale. Two, there are times when a file is just stuck in the short sale approval process due to the above mentioned or for other reasons and we

escalate. Although the file may die we find out sooner rather than later that the short sale won't be approved and it allows all parties to move on, without

spending more time and effort on a dead deal. Fidelity helps us to get the deals done”

John AngeloREALTY EXECUTIVES

Page 17: RE Phoenix Executive Event Opening Presentation

Testimonials

“After 6 long months of going back and forth and finally 2 months of waiting for a final approval, promised "within the week" for 7 weeks with US BANK. It took 1 email to Virginia Trzaskus and a call from Virginia to

Steve, SVP of Sales and Marketing with Fidelity and within 72 hours we had final approval and the home closed 10 days after that. They were a life

saver and it is my hope to send all Short Sale and otherwise, their direction.”

Heather MacLeanRealty Executives

Page 18: RE Phoenix Executive Event Opening Presentation

THANK YOU!