George's Blog

In the "Wall Street Journal", recently, there was a lengthy article on the practice of buying and bailing called "Some Buy a New Home to Bail on the Old". Technically, it is not illegal unless the borrower misinforms the lender about a lease or real intention. Basically, the new buyer has the in...

Have you had experience with setting up local, live professional networking groups?What makes them successful? In my transition to MetLife, I am considering setting up a local professional networking group to consist of less than 15 professionals. It will consist of a residential Realtor, a comme...

As a variation on a theme to help affordability with a home purchase, this is an FHA approved program where the home seller pays a fee to the lender of 3% at closing and the lender directly applies it to the interest payment for six months. So, for the first six months, the new homebuyer only ha...

The US Treasury just announced that they will subsidize private markets during the first quarter of 2009 so we will have 4 1/2% true interest rate for home purchases. Obviously, this will help the market, but is it enough to actually get people off the fence? Many other issues remain ....  downpa...