Midori Miller

About Half of U.S. Homeowners to Have Negative Equity by 2011.
Is the American Dream about to Become a Financial Nightmare?

Analysts at Deutsche Bank say that the number of homeowners whose home value is less than what they owe on mortgage loans will double to 48% by 2011; currently 26% of homeowners have negative home equity. "We project the next phase of the housing decline will have a far greater impact on prime borrowers," said Karen Weaver and Ying Shen, analysts at Deutsche Bank. Among prime loans - which conform to underwriting and size guidelines of Fannie Mae and Freddie Mac - about 41% will be "underwater" by the first quarter of 2011 from 6% at the end of the first quarter of 2009. It is time we all make changes in how we do business. The face of real estate is changing. This is going to be a huge change in our way of life. I am seeing investors at unpresidented numbers looking for REO's. We have recieved #76,000,000.00 in fully proofed up offers in the past 10 days. If you have investors that are looking for REO"s commercial or residential give us a call we can help you and be closed in less than 30 days in most cases.

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Partridge Development accepted 158,000,000.00 in offers on REO tapes. We have several new tapes in for Arizona, Colorado, Nevada, and California. Easy procedures and fast closings. Call Erik direct at 480-668 3117.

Have a great and successful week.

Erik Partridge


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"Your Own Way"
by Wes Fessler

When every will and thrill has gone,
you have to change or just move on.
You cannot live without your heart.
For what is life, to play a part?
When you don't have a joke to tell,
and all you do is scream and yell,
you need to step aside and see
your life the way it ought to be.
Are things worth getting stressed about;
worth causing you to wail and pout?
Weigh every loss against each gain.
Don't let each day be full of pain.
You have to do what you enjoy,
for in repression there's no joy.
So seek your dreams where they may go,
and when you catch them, you will know.
The will and thrill will come again.
You'll find your happiness and then
your heart will be in all you do.
You may just tell a joke or two.
Do what it takes, don't waste away.
Give life your best in your own way.

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REO TAPES
NO MASTER FEE AGREEMENTS REQUIRED STREEMLINED PROCEDURES

The current deep recession and credit crisis has created the perfect buying opportunity for distressed real estate in the U.S. These market conditions have created a unique window of opportunity which allows buyers with liquidity and the right bank contacts to purchase in bulk at significantly reduced pricing. It is anticipated that these market conditions won't last long as the government injects liquidity into the banks and the market. Buying in bulk directly from the banks and the PPP/FDIC programs, grants access to deeply discounted prices that are only available to a handful of investors at the 1st tier level.
We have relationships with several banks for the acquisition of large pools of REO's and a also large network of investors for the disposition of these assets.


Partridge Development having these relationships already established with a proven track record. Can provide your clients many different opportunities when working with REO’s. Some estimates say the as much as 78% of all sales were REO’s in the past year. We can build custom tapes for your clients or in some cases we will do JV partnerships with your clients. With a well established exit strategy. The all types of properties are available in most areas around the country.
Contact us at erik@partridgedevelopment.com or by phone 480-668-3117.

Sincerely

Erik Partridge
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Finding a real source for REO Tapes is even harder. Partridge Development received 11 new offers on REO properties last week.
Let us help you and your client find what they are looking for. Custom Tapes to fit your parameters. Send us an email to see how easy it can be for you to get to closing. erik@partridgedevelopment.com.
Thanks

Erik Partridge
President

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Respect!!

I am going to get the respect that I want from people or I need to change the people that I am working with!
Donald Trump Letter
Let’s face it, folks: I live very large. My buildings and books are bestsellers. I command a handsome fee for my speaking engagements. I have lots of beautiful things. Success compels a lot of people to slow down, but I never have.
I work harder today that I did 20 years ago. Just as momentum is a prerequisite to success, it is equally vital to its continuation – not just in business, but in life. If you are not out there challenging yourself every single day, you are shortchanging your potential. That goes for age six as well as age sixty.
Due to momentum, the Trump brand has evolved a great deal over the past couple of years. The Apprentice and the Donald J. Trump Signature Collection, to name a few, have been amazing successes.
Now, my bottom line doesn’t demand the multi-millions that accompany these ventures, or, by way of example, the multi-millions that will come with the tremendous new casino project I’m developing in Philadelphia, but I love the work. That is the key to momentum.
In this issue, you will see where forward motion is leading the Trump brand. GoTrump.com will be a new force in travel, and in Atlantic City, renovations on the area’s best properties are currently underway. I think both projects are prime examples of the extent to which I am maintaining my momentum.
Great rewards are here too, from my friend Jay Leno’s opportunity to drive an incredibly exotic car to some of the most impressive homes on the market today, amazing restaurants, watches, and executive tools of the trade.
From my office or penthouse in Trump Tower, I can look out onto Manhattan and see all my accomplishments. Rather than an invitation to rest, the view is a constant call to action. I hope you find similar momentum.
Donald Trump

I have loved this letter and read it over and over.
I hope you enjoy it as wel

Finding Your "One Thing"

In the movie City Slickers, a group of friends take a “vacation” at a dude ranch. Curley, played by Jack Palance, is a crusty yet wise old cowboy who shares the following with Mitch, played by Billy Crystal:
Curley: Do you know what the secret of life is?
Mitch: No, what?
Curley: This. (Holds up his index finger.)
Mitch: Your finger?
Curley: One thing. Just one thing. You stick to that and everything else don’t mean [anything].
Mitch: That’s great, but what’s the one thing?
Curley: That’s what you’ve got to figure out!

Great scene … great advice. Leaders have to figure out the One Thing that defines a meaningful purpose for their teams. The One Thing should answer the question Why are we here? You may think that finding that focus isn’t critical; but in fact, it’s essential to your success. The most important thing in business (and life) is deciding what is most important.

Your team’s One Thing might be: producing defect-free materials; providing the fastest service available; developing leading-edge products; creating relationships that customers cannot walk away from; or meeting the technology needs of other departments. These are just examples – your One Thing has to be your One Thing. And it should guide all of your decisions and actions.

Even after you find your One Thing, sticking to it can be a challenge while you put out fires and explore new opportunities. Don’t be tempted to think, as some do, that you can keep piling on initiatives and still maintain your team’s focus. You may find yourself in the middle of the “Ship is Adrift” Syndrome. Instead, consider automating, streamlining or outsourcing areas that are not core to your team’s operation.

A laser-sharp focus does not happen overnight. It takes time and effort to refine, reinforce, and communi-cate your One Thing. But you need to start now. Blurred focus creates confusion – resulting in diffused employee efforts. Stay focused! Remember Curley!

The Essence of Character


Your true character is revealed by the promises you keep.

Hold strongly to your principles and refuse to follow the currents of convenience.

What you say and do defines who you are.

And who you are…you are forever.

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