George Sinacori's (georgesinacori) Blog

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Real Estate Agent - GES Real Estate LLC
RECENT BLOG POSTS
Hoping to positively influence the nations housing market by shortening and simplifying the short-sale process, the Treasury Department released new guidelines for borrowers, lenders and loan servicers. Adding another acronym to its list of government-sponsored programs, (this one is called HAFA)...
02/11/2010
Radical changes in loan officer pay practices laid out by the Federal Reserve Board in late August mean that major alterations in how the industry works could be around the corner."Yield-spread premiums [YSPs create a conflict of interest between the loan originator and consumer," the Fed states ...
12/29/2009
In today's housing market it's no secret that Florida ranks among the top states in foreclosure activity and in property value decline. After a year of government spending, bailouts and intervention that distinction remains unchanged. Last month Florida received the 2nd highest amount of new fore...
12/29/2009
Politics and corporate greed continue to eat away at the hearts and wallets of American homeowners. According to Bankrate.com just 2000 homeowners have received loan modifications beyond the typical 3 month trial period nationally in the 7 months since the administration issued it's guidelines to...
10/24/2009
On May 1, 2009 Fannie Mae and Freddie Mac implemented the HVCC (Home Valuation Code of Conduct) as a result of government pressures to reform valuation methods related to residential mortgage loans. The impact of the HVCC has been chaotic. A myriad of inherent flaws with valuations methods has cr...
09/24/2009
Housing prices peaked 40 months ago in May 2006. What have we learned from the great housing bubble and crash ? Obviously, we have learned that housing prices can be extraordinarily volatile. No one can ever again say foolish things like housing prices never fall. People who bought with a standar...
09/09/2009
 FREE $$$$$ The National Association of Realtors estimates that about 1.8 to 2 million first-time buyers will take advantage of the $8,000 tax credit this year, with approximately 350,000 additional sales that would not have taken place without the credit. Buyers have little time to act because t...
09/02/2009
A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” and we want you to know this is not a mere technicality that should be treated lightly by the lender or by the Court. Everyone needs to understan...
08/18/2009
Home sellers are as frustrated as Realtors when the deal involves a short sale, as most home sales do these days. A recent survey revealed that only 23% of short sale contracts actually get to close. Although buyers come pre approved for financing and prices are market value, a host of problems ...
08/11/2009
Are banks holding back foreclosures and creating a false or temporary market bottom? According to a July 24,2009 article in the Miami Herald some analysts believe just that. Inventories of foreclosed and short sale homes have dramatically declined over several months as banks have been less incli...
07/26/2009
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