Posts tagged ‘trademark’

Property Rights or Entitlement? How Long Should Homeowners Be Allowed to Stay Without Making Payments?

I got a call this week from someone who found my number on the internet. He’s called me before to ask he can get started in real estate investing. On this call, he was asking if I knew any magic answers for homeowners who are behind on mortgages and dealing with the banks. You see, this man was out of work for almost 20 months, stopped paying his mortgage 12 months ago, and is still living in what he says describes as a $220,000 home. While he, thankfully, now has a job, his take home pay is half of what he formerly made. He said that Chase promised to restructure his loan and instructed him to stop paying his mortgage a year ago, while they processed the paperwork. I have no doubt they really told him this, as I have heard the same story from many other distressed homeowners. The thing is, without a job, this man won’t qualify for a loan modification.

When I shared my concern with him, he said that is exactly what he eventually found out. I shared with him that just last week, Chase approved a short sale for a seller I am working with, and I asked if he had considered selling his home. He replied that that was not an option, because without this home, he would be sleeping in the streets. I asked if he had considered taking in roommates. He scoffed at that, saying, he had done that before and it didn’t turn out so well. I suggested that maybe it is time to consider downsizing to a less expensive home, or even an apartment, since he does have a job now. For whatever reason, this person feels he should be able to stay in his home, without making payments, until he is able to secure a higher paying job. I can understand the anger this man feels, having been strung along with false promises by Chase Bank. What I can’t understand is the feeling of entitlement that the shareholders of Chase should carry the cost of the mortgage for this man indefinitely because he can no longer afford to pay his mortgage.

What do you think? Was I wrong to suggest this person might want to consider taking in roommates or downsizing to a less expensive home? Should the banks allow unemployed homeowners to say in their homes indefinitely, incurring more debt on homes that are already under water?

Patti Robertson HomeVestors Franchisee & Development Agent

Patti Robertson

HomeVestors Franchisee & Development Agent

Licensed Agent With CoastalVA Realty, Inc.

patti.robertson@homevestors.com

757-472-2547 (mobile)

757-HOM-VEST (office)

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UGLYHOUSE GAL’S TOP iPHONE APPS FOR REAL ESTATE INVESTORS

Here are some of my favorite iPhone apps I use when looking for Ugly Houses to purchase.  What are your favorite real estate apps?

1.     ZipRealty – Feeds For Sale, and Sold comps from MLS

 

 

 

 

 

 

 

 

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2.     Blue Atlas – Feeds For Sale, Rent comps from MLS + had foreclosure activity

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3. RulerPhone – Measure anything with your iPhone camera

 

 

 

 

 

 

 

 

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4.  QuickVoice – E-mail/text voice  messages to avoid texting while driving!

 

 

 

 

 

 

 

 

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5. Signature – Makes a graphical signature  to be used in e-mail – not yet for texts

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6. SUPRA – eKey – Replace your Agent Key with an iPhone adaptor  to open Supra lock boxes and manage your Supra keys.

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Patti Robertson HomeVestors Franchisee & Development Agent

Patti Robertson

HomeVestors Franchisee & Development Agent

Licensed Agent With CoastalVA Realty, Inc.

patti.robertson@homevestors.com

757-472-2547 (mobile)

757-HOM-VEST (office)

Real Estate Investor looking for Apprentice

http://bestrealestateinvestortips.com/ – November 27th, 2010

You see these signs everywhere – “Real Estate Investor Looking for Apprentice.” If you want a mentor to learn the real estate business, here are some questions you should ask:

  • Where did you learn to invest in real estate?
    • If they did not learn from a credible source, what can they teach you?
    • There are many “real estate gurus” that make money selling books and tapes. Though they may have bought houses in the past, the real estate market is going through monumental changes. Anyone not involved in the market daily is out of touch.
  • How many houses have you purchased? How many this year?
    • Many of the real estate seminars teach putting these signs up. The fact is, they may not have bought many more houses than you have.
  • Will I actually be buying houses, or just finding houses for you?
    • Most of these signs are looking for people to do legwork for them. If you actually find a house, you will make only pennies while they make the real money.
    • The reality is, people putting these signs up probably do not have a reliable source of leads for people trying to sell their house. So, they need people like you to “bird dog” for them. They don’t have the time to do the real work.

If you are looking for a real mentor, and a real system for buying and selling houses, you should talk to a Development Agent (DA) for HomeVestors®, the We Buy Ugly Houses® company. These DAs are experienced in actually buying and selling houses in your market. Learn more about how the DA is a true mentor at www.homevestorsfranchise.com

Don’t Mess With Ugly! HomeVestors Attains Victory Over Trademark Infringers

HomeVestors Attains Victory Over Trademark Infringers

– Eastern District of Texas Court Enters Ruling in ‘We Buy Ugly Houses®’ Case –

– HomeVestors of America Remains Diligent in Protecting its Trademarks –

DALLAS, Nov. 23, 2010 /PRNewswire/ — HomeVestors of America, Inc., known for its registered trademark We Buy Ugly Houses®, recently reached a settlement with individuals who were infringing the HomeVestors trademarks by using the marks as part of domain names and in text on competing websites.

As part of the Settlement Agreement, HomeVestors and the defendants filed an Agreed Permanent Injunction with the U.S. District Court in the Eastern District of Texas.  On August 20, 2010, United States District Judge Michael H. Schneider signed this Permanent Injunction and ordered the defendants to refrain from further using the HomeVestors trademarks.  Further details on this case can be found in the Eastern District of Texas, Civ. Action No. 4:10-cv-00282.

“We were happy to get an injunction from the District Court Judge.  This victory is a strong step toward successfully protecting our brand for years to come,” said HomeVestors Co-President David Hicks.

Since the time of the Permanent Injunction issued in the U.S. District Court, HomeVestors has successfully reached settlement with several other infringers who had bought domain names from the Defendants in the above-styled case or who use the HomeVestors trademarks on their competing websites.

“This ruling supports the enforceability of HomeVestors’ trademark portfolio, and serves as a warning to infringers,” explained HomeVestors litigation attorney Darin Klemchuk of Klemchuk Kubasta LLP.

HomeVestors is diligent in protecting its trademarks.  HomeVestors has owned and used the HOMEVESTORS®, WE BUY UGLY HOUSES®, the UG™ family of marks, and other proprietary trademarks continuously for many years.  Over the years, HomeVestors has spent significant amounts of time and resources in developing its brand and maintaining the goodwill it has built in its trademarks.

Use by unaffiliated third-parties of the HomeVestors trademarks constitutes trademark infringement under Section 32(1) of the Lanham Act, 15 U.S.C. Section 1114(a).  Furthermore, use of the HomeVestors trademarks as part of domain names constitutes cyberpiracy under the Lanham Act, 15 U.S.C. Section 1125(d)(1) for which statutory damages can be awarded in the amount of $100,000 per domain name. Such violations are serious and cause consumers to be confused as to the source of the services offered under those trademarks.  It allows competitors who employ such tactics to trade on and compromise the substantial goodwill that HomeVestors has built in its trademarks.  In addition to trademark infringement under federal law, such actions constitute unfair competition under Texas Law.

About HomeVestors of America

Dallas-based HomeVestors of America, Inc. is the #1 buyer of houses in the U.S.  The first franchise company of its kind, HomeVestors has been franchising since 1996.  HomeVestors has about 200 franchises in 33 states.  HomeVestors trains and supports franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses” company, HomeVestors strives to make a positive impact in each community.  In 2009, for the fourth consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

Patti Robertson HomeVestors Franchisee & Development Agent

Patti Robertson

HomeVestors Franchisee & Development Agent

Licensed Agent With CoastalVA Realty, Inc.

patti.robertson@homevestors.com

757-472-2547 (mobile)

757-HOM-VEST (office)