Posted about 11 years ago

Philip Tirone joins I Survived Real Estate 2008

Bruce Norris is joined this week by president of 7 Steps to a 720 Credit Score, The Mortgage Equity Group, and panelist for Susan G. Komen fundraiser I Survived Real Estate 2008, Philip X. Tirone. 

On this week's radio show before the August 23rd event, Bruce and Philip discuss his term "mortgage lifestyle dilemma", the consumer and disposable income, people trying to get out of loans, the percentage of people now able to get financing, the speed of the credit dry up, issues funding even with a large down payment, risk level exaggerations, the current state of home equity lines of credit, credit cards becoming the next line of liquidity, credit limits being reduced if a consumer’s credit score is not good, credit card companies looking into a consumer’s industry where they work, certain industries falling out of favor with credit issues, the Universal Default Clause and the interest rate associated with this clause, the different types of lenders, wholesale brokers, how the collateralized debt was put together, the main liquidity in the market, the price difference between a fixed and unfixed home, how lenders feel about unfixed homes, the national and local bills being discussed to help, who people are blaming for this mess, non-owner occupied financing, solutions being aimed at the wrong crowd, how lenders are dealing consumers looking to walk away even though they are current,

Philip's commitment to educating homebuyers prompted the “7 Steps Licensing Program,” which allows mortgage brokers nationwide to become licensed in the 7 Steps and in turn help improve their clients' credit scores. He is also developing the 7 Steps Foundation, a charitable foundation that will allocate funds to help low-income and underserved Americans increase their credit scores and buy homes.

Philip has been featured in articles on credit and mortgage trends in the Los Angeles Times, New York, Wall Street Journal, Newsday, Woman's World Magazine, San Jose Mercury News, Bottom Line Magazine,, and several others.

Philip created the Complete Financial Navigator™, a tool to analyze his borrowers' needs and financial picture, thereby helping borrowers overcome barriers to achieving their real estate goals. As a frequent guest lecturer at the University of California Los Angeles, Philip has authored and delivered numerous speeches regarding the “Mortgage Lifestyle Dilemma,” a phrase he coined to describe an emotional buying decision that results in overextension and a life that revolves around high mortgage payments. By analyzing industry-specific buying trends, he has devised a series of questions to help borrowers avoid this dilemma.

Philip was named Arizona State University's Man of the Year upon graduating with a real estate degree in 1994. Since then, he has continued to receive acclaim, most recently in the New York Times best-seller, Secrets of the Young & Successful.


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I Survived Real Estate 2008 took place on August 23rd, 2008 at the Nixon Library in Yorba Linda, CA. The event proceeds went to benefit the Orange County Affiliate of the Susan G. Komen for the Cure. Over 400 attended the live event, many more attended online via Proxibid who aired the entire event nationwide online over the Internet, and many more will watch the event recording online.

This event was about solutions for our ailing real estate industry and to help an important cause. Eight industry experts from different real estate sectors converged to discuss how we got here, where we're going, and how we move forward together and prosper in the coming year. This is a rare opportunity to hear how leadership from the Realtors, builders, investors, mortgage industry, auctioneers and service providers each would approach and solve issues in the current California and national real estate market.

Expert Real Estate Panelists Inclulded:

Tommy Williams Rick Sharga Christopher ThornbergBruce Norris
Joel Singer Annmarie Allen Rick Sharga Rick Sharga

Tommy Williams, President of the National Auctioneers Association
Rick Sharga, VP Marketing RealtyTrac
Christopher Thornberg, Beacon Economics
Bruce Norris, President of The Norris Group
Joel Singer, Executive VP for C.A.R.
Annemaria Allen, The Compliance Group
Richard Lambros, Building Industry Association of Southern California
Philip X. Tirone, 7 Steps to a 720 Credit Score

Click HERE to see information on I Survived Real Estate 2008 including information about the video online. A very special to the following sponsors who made I Survived Real Estate 2008 possible:

I Survived Real Estate 2008 Platinum Sponsors:
San Diego Creative Investors Association (SDCIA) and Bill Tan:
Investors Workshops and Shawn Watkins:
Frye / Wiles:
White House Catering:
MVT Productions:
Pechanga Resort & Casino:
The Denver Nuggets:
The Chicago Bulls:
The Cleveland Cavaliers:

Gold Sponsors:
Silverstar Finance -
Elite Auctions -
7 Steps to a 720 Credit Score:
RealtyTrac -
The Mission Inn -
Las Brisas Escrow -
Chicago Title Company -
The Mortgage Equity Group -
Wholesale Capital Corporation -
Real Wealth Investor -
Saddleback Valley Communities:
Sunset Hills Memorial Park and Mortuary: =
Northern California Real Estate Investors Association (NORCALREI) -
The Short Sale Processor and Nick Manfredi -
Investors Resource Center of America Los Angeles Chapter (IRCA)-
The Naked Real Estate Investor Club - Rosie Nieto -
Real Wealth Investor -
Northern San Diego Real Estate Investors -
National Club of Real Estate Investors -
Virtual Real Estate Tour and Layla Tusko -
Real Estate Investors Club of Los Angeles and Phyllis Rockower -


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