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Dear Seller - Ten Sure Fire Ways to Distract Buyers from Focusing on Your Home.
09 April 10 08:37 AM
Dear Seller - Ten Sure Fire Ways to Distract Buyers from Focusing on Your Home. This may seem a bit harsh but it is just plain speaking honest commentary regarding my experience as a buyer's agent. The statements below are taken directly from the
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The short-sale wrinkle - Holders of secondary financing can derail process
08 April 10 03:27 PM
Are you wondering why it takes so long to get short sales approved? The real reasons may be very different from what you might believe. It would seem when prices are down and millions of homeowners owe more than their home is worth that it is in everyone's
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Freddie Mac Eases Rules for Some Florida Condos
02 April 10 07:24 PM
Freddie Mac Eases Rules for Some Florida Condos Freddie Mac said on Wednesday it would relax some rules that have made it harder to get mortgages for condominium units in Florida. The move could make it easier for some owners to sell their units. Last
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New Foreclosure Prevention Plan Announced
26 March 10 02:34 PM
President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers. The bulk of the responsibility for carrying out the new program will be assigned to the
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How the Subprime Mortgage Mess Began
03 October 08 01:46 PM
The federal government made the subprime mortgage mess inevitable when it imposed social engineering rules on private mortgage contracts. The long process began with the 1975 Home Mortgage Disclosure Act (HMDA), the 1977 Community Reinvestment Act (CRA)
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A little footnote on the state of the mortgage business
19 August 07 07:13 AM
Look at the statistics on foreclosures: 98.7% of mortgages are NOT in foreclosure. 97.4% of mortgages are paid on time 1.28% of mortgages ARE in foreclosure. Only 10% of mortgages are subprime loans. 8% of subprime mortgages are in foreclosure or delinquent
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