Special Show Apperance: September 11th!! Stategic Defaulting on your Mortgage? Or simply prudent financial planning? The controvery continues as the Economy stumbles towards a possible double dip.


I’m commenting on a controversial  book entitled, “Walk Away From Debt for a Better Future”. The author, Nicholas Carroll, advocates “prudent financial” planning or strategically defaulting on your home mortgage and  credit card debt. He uses various techniques and is an alternative many, many families are considering as the moribund real estate market limps along.  His web site has some provacative articles and I feel is a MUST read for those who are upside down on their homes with overvalued mortgages and staggering credit card debt. CLICK HERE to visit his site.

The author referred to a Wall Street Journal article on “strategic” defaults  and one of the “comments” linked to this great site of some very clever limericks. Here’s one on the articles featured couple after they “walked-away” from their debt.




The Smiths, of 212 Willow Lane,
Thought their mortgage a terrible strain;
They defaulted and then
Moved next door to 210,
Where they rent, and are solvent a-gain.








Alli’s walking AND talking next Sunday at the upcoming Heart Walk 2011

Heart disease and stroke are the nation’s number one and three killers.  In fact, odds are, we all know at least one person that has suffered some form of heart disease or stroke. My father suffered a stroke that severely and permanently altered the remainder of his life…and those of his friends and loved ones.

On Sunday August 21,2011, I’ll be walking in this year’s Heart Walk, a 5K walk benefiting the American Heart Association. I have set a personal goal to raise funds that are needed for critical cardiovascular disease research and education. I am walking proudly in honor of my father.

You can help me by making a donation. Click this link to visit my personal page where you can make a secure, tax-deductible online donation.  The American Heart Association’s fundraising website has a minimum donation amount of $25.00.  If you prefer a smaller amount, please let me know. OR…you can join my team and walk with the New Generations Rotary of Santa Rosa….a very fun group of Rotarians

I’ll be calling into the studio during the walk, and I’d love to acknowledge your donation on the air, along with a mention of the person your donation is honoring. Of course, if you’d rather make a private donation….mums the word.

Here are some ways that you can help!

    * $25 gives 50 people educational materials that teach them how to personally reduce their risk of Heart Diseases and Stroke
    * $50 delivers the message of healthy nutrition to elementary school students through lesson plans and activity guides
    * $100 allows one hospital to teach its patients, caregivers, and health professionals about the risks of Stroke – the nation’s #3 killer

Please feel free to forward this message on to your friends and family who also might want to a make a difference. 

Thank you in advance, for your support. ~ Allison

Consumer Price Index–You wonder WHY prospective Homeowners and Homesellers are On the Fence?

Consumer Price Index GOING DOWN!!?

You WONDER why consumer’s are NOT venturing into the Real Estate market or thinking of Selling their homes and perhaps moving up? Consumer Confidence has dropped from a high of 150 at the turn of the century to a paltry 60 current date!! But even during the height of the market the consumer confidence level was only 100!!! But we’re almost HALF down from then! This gives a bit more depth to today’s Press Democrat article on July Home Sales!



For easy access Blog updates, conversation or questions, “Like” The Real Estate Hour with Mike Kelly and Allison Norman, on Facebook!

The Real Estate Hour with Mike Kelly and Allison Norman
When you “like” us on Facebook, our Real Estate Hour Blog posts go directly to your Facebook Newsfeeds.pretty convenient. Plus, YOU can sound in on our discussions, begin a conversation or ask us a question.  Click on the FACEBOOK  link, and LIKE us todayHere are some staggering Facebook statistics:

Sonoma County, California consumers-anti scamming alerts! Department of Real Estate articles.


Attorney Jeremy Olsan joins us today--Foreclosure-ShortSale Scams to Avoid!

Thanks to attorney Jeremy Olsan for providing us with special updates on Senate Bill 458 plus Scam updates regarding pre-foreclosures, short-sales and Loan Modifications. Invaluable to any of our listeners facing a situation of a distressed property. He wanted me to post these Department of Real Estate articles for our listening audience. Remember- an informed consumer is the BEST foil against scammers and sharks!



2.  Consumer Alert: What You Can Do to Protect Yourself from Getting Ripped Off in Real Estate and Home Loan Relief Scams—Here’s the link to the whole article: http://www.dre.ca.gov/pdf_docs/ca/ConsumerAlert_ProtectYourselfFromGettingRippedOff.pdf

 3. New Federal Rule Outlaws Advance Fees and False Claims, and Requires Clear Disclosures, Regarding Mortgage Assistance Relief (including Loan Modification, Short Sale, and Deed-in-Lieu of Foreclosure) Services—Here’s the link to the whole article:   http://www.dre.ca.gov/pdf_docs/ca/ConsumerAlert_NewFederalRule.pdf

 4.  Update to DRE Issued Consumer and Industry Alert(s) Regarding Short Sales Fraud, and Related Issues—Here’s the link to the whole article: http://www.dre.ca.gov/pdf_docs/ca/ConsumerAlert_ShortSalesUpdate.pdf

 5.  Preventing Real Estate Fraud: How to Protect Yourself and Your Home—Here’s a link to the rest of the story: