Active Properties

Massachusetts foreclosure activity fell sharply in October, the apparent results of an industry-wide foreclosure freeze by the country’s largest mortgage lenders.

Foreclosure petitions, the first step in the foreclosure process, fell 51 percent to 1,127 filings in October, compared with 2,296 in the previous year. Last month’s was the first time since January that the petitions had slipped below 2000, according to Warren Group, a real estate researcher and editor based in Boston.

Meanwhile, acts of foreclosure – the last step in the foreclosure process, under which a change of ownership – fell 39 percent to 557 applications registered. The State reported 914 foreclosures in October 2009. Last month’s total was the lowest number of acts of State records since April 2007, according to Warren Group.

In October, the petition and deed falls appear to have been the direct result of a foreclosure moratorium for some of the country’s largest lenders, including Bank of America. The gel, which has since thawed, and the result of an administrative problem found among piles of eviction notices posted on a national scale.

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A developer from the Medford, mortgage broker and former senior official of the U.S. Department of Housing and Urban Development, was convicted on a complex Ponzi scheme estate property because intended to defraud investors.

Oregon Attorney General John Kroger has informed the conviction of Medford, Oregon-area developer and mortgage broker, James C. Nistler complex, real estate Ponzi scheme to deceive investors. Nistler, who was a top U.S. Housing and Urban Development (HUD), officials at the end of 1980 was unanimously convicted of one count extortion eight counts of securities fraud and eight counts of robbery first degree. The number of trafficking also includes 32 different offenses. Oregon Department of Justice prosecuted the case in the Division of Finance and corporate securities.

This scheme focuses on Tennessee Acres; a residential development in Medford, Oregon Nistler took in $ 1.2 million from investors to build houses, but spent less than $ 400,000 of money in the project. Nistler was not licensed and registered securities sold. About a dozen investors, mostly elderly, lost more than $ 800,000.

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Businesses people in Indonesia must be familiar with the term “business is cruel.” Sentence is true in the business world. No businessman was willing to give up profits for its competitors and tend to reap the benefits as much as possible. One example of which is becoming the market trend today is the rampant circulation of mobile phones made in china. Cheap and stylish possibly could be its motto for its users. However, the quality given was less reliable guarantee to be used in a long time periode. People who got less knowledge would consider this as just a simple problem which could be solved in no matter of time. In this moment, they didn’t realize that they should spend more money to fix the “broken thing” so that it will work properly again.

Through this example we can found several important issues to be analyzed in order to creating a business opportunity. The first is community income. Indonesian society became the largest consumer for china mobile products because the price is quite affordable. Indonesia is a poor- developing country which has a society with a level of average education is high school. The education levels are still low compared to other developing countries. The level of education affects one’s mindset in taking an action. In this case, people who have low education will tend not to think how a product is used for but it is more likely to feel looking good in order to improve the social value. When a product is launched on the market it could be a twit character which played by a product that looks attractive and elegant, which in fact, it really does not have many important functions, or we can say, just for style.

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In determining the business opportunities in a region that is not easily done simply by using the methods applied to market analysis. Instinct and instinct also has an important role in conducting analysis. Many business people fail to execute its business due to lack of instinct. They continually apply method that is conditioned by its environment. But there are some business people who failed because of a lack of business sense. Business instinct cannot be learned, but can be created by the experience. Experience can be obtained in various ways, such as personal experience, experience from others, and also experience were read from the book.

Analyzing product, market segment, or even the price, should be using the mix between the methods applied and business sense. These two things should not be separated in order to obtain maximum results. Important role of instinct is when implementing the method in the field. In another word, business instincts are those who determine what methods are used and when the method is applied.

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