RECENT BLOG POSTS
I'm hoping things settle down a bit on wall street this week and people can relax and start putting housing plans back in action. There is too much uncertainty at the moment. Uncertainty leads to confusion and when people are confused they aren't confident enough to write a contract to buy. Pre...
Big Time! UK major announcement on bank bailouts in a few hours. It's a world epidemic. Hopefully we'll look back at this as the turning point, but the only thing we can really be sure of is CHANGE.
I'm just curious how listing agents are pricing their properties when it is a short sale. Do you call the lender and ask for permission to list it as a short sale or do you just list it as a short sale and see if it will fly when the file is submitted? Is it an art or a science?
A LOT of people I've talked to directly and indirectly are thinking this bailout is going to help them personally to avoid foreclosure. Like a white knight riding in on a horse to save the day. Somehow I don't see Ben and Hank riding on a horse. Maybe flying in on a Helicopter. Anyways, those a...
Does everyone feel bailed out now? I wonder what real changes this will make in the market. Will we be calling the government to complete short sales and buy REO? How much longer until the next bailout?
If the government buys my mortgage for 50 cents on the dollar... Will I get the opportunity to buy it from the government at 55 cents? I mean, I'm just sayin'..
Reading the text of this bailout on Reuters, I came across the following statement: Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. htt...
I'm sure I'm not alone in having ppl that are self employed in one line of work or another and can't document income but are making big $$$$$$$$. Are these types of mortgages obsolete now?
Anyone ever give away vacation getaways along with real estate sales?
Does anyone understand how the new homestead exemption works in Florida. How does the portability work? I'm thinking the tax status stays the same for the remainder of the year and then the homeowner gets the benefit in 2009 and on. Is there any way to begin escrowing at the lower PITI amount r...