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Pass it on: upcoming foreclosure workshop is free and open to the public

Posted By Administration, Monday, October 3, 2011

ORRA will be hosting its third foreclosure-prevention workshop for the public on Thursday, October 18 in the Whispering Oak Elementary School cafeteria. Please share with anyone you think may benefit from information about foreclosure prevention!

While this free event is geared toward a homeowner audience, REALTORS® are welcomed and encouraged to attend. Speakers will include a representative from the U.S. Department of Housing and Urban Development, mortgage specialist and frequent ORRA instructor Grant Simon, and a panel of housing attorneys.

Learn more

The foreclosure-prevention workshop is the third in a series produced by ORRA, which was awarded a $5,000 grant from the National Association of REALTORS® in support of the program. ORRA is matching the grant with its own funds, and the Central Florida Real Estate Council is contributing $500 toward each workshop.

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A Message from Mike: Express your support for flood insurance extension

Posted By Administration, Friday, September 30, 2011
Updated: Monday, October 3, 2011

As the fragile housing market begins to stabilize, a crucial federal program that could drastically affect recovery efforts is in jeopardy. The National Flood Insurance Program is set to expire on September 30 for the tenth time in two years. This program ensures access to affordable flood insurance for more than 5.6 million home and business owners in 21,000 communities nationwide.

The NFIP is essential to a properly functioning housing market. Americans deserve access to affordable flood insurance, and the current uncertainty surrounding the program is already hurting many housing markets.

Since September 2008, Congress has approved nine NFIP extensions and allowed five lapses. During the June 2010 lapse, 47,000 home sales were delayed or cancelled, according to National Association of REALTORS® survey data.

In addition to a longer term reauthorization, REALTORS® also support reforming NFIP to strengthen participation and put the program on the path to fiscal solvency by adding coverage options for business interruption and living expenses; indexing coverage limits; improving the scientific integrity of the floodplain mapping that determines where flood insurance is required; and streamlining the map appeals process.

Without this program millions of Americans will be without flood insurance for an uncertain amount of time. We cannot leave these property owners in the dark and we certainly cannot afford to cause any more damage than has already been done to the housing market. Contact your congressional representative ASAP and share your wishes for the NFIP to be strengtheedn and quickly reauthorized.

Mike McGraw
2011 Chairman

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ORRA event goes from diapers to college

Posted By Administration, Tuesday, May 31, 2011
Updated: Monday, October 3, 2011
ORRA members Bruce Elliott, Stirling Sothby’s International Realty, and Kim Meredith-Hampton, Hampton & Hampton Management Leasing, will be having some fun at Universal Orlando and at Blue Man Group, respectively.

Bruce and Kim each donated diapers to the ORRA Diaper Drive (benefitting the Coalition for the Homeless of Central Florida) and in return had their names drawn during the ORRA Membership Meeting and Member Appreciation Reception on May 26. The tickets were donated to ORRA by Cox Media Group Orlando.

The night’s big bucks, however, went to Oviedo High School’s Allison Tate-Cortese, whose essay on the topic "How Does a REALTOR® Professional Benefit the Community?” earned her a $1,000 scholarship from the Florida REALTORS® Scholarship Essay Contest and a shot at one of three $5,000 state-level scholarships to be awarded this summer. Allison attended the reception and even read her essay aloud.

Finally, the event wrapped with the recognition of ORRA member Charlie Brenner, Brenner, Inc., as ORRA’s newest REALTOR® Emeritus. This distinction is awarded by NAR for 40 years of membership in the REALTOR® organization.

ORRA Business

Members in attendance voted in favor of changing the ORRA Bylaws as proposed by the ORRA Bylaws and Policies Task Force. The changes were developed with the intent of redefining the responsibilities of an elected vice chairman to better serve ORRA’s needs, and of changing ORRA’s fiscal and programming year. To read the bylaws changes in their entirety, click here.

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