19th February 2007
It had been a particularly daunting day as a new trainee customer service representative of a company with a bad product and lots of vocal complaints. Many asked to talk to the supervisor and after the turn over, the supervisor chided Lucile about being s...
19th February 2007
While the ‘New Congress’ puts a full court press on the first 100 hours of control, almost three weeks have been spent on a “non-binding” resolution loaded with political positioning and posturing for future replays. High fives all around for that...
02nd February 2007
“Knock, knock, who’s there?” The door opens and no one is there. Bumps in the night are confused with buyers wanting to get in to see a home for sale. Where has all the buyer’s gone? With foreclosure rates, according to some sources, up approximat...
30th January 2007
Spot was the first to notice the heavy stress in the home. Spot was staying away from the tension mongers as to not become a target of their frustration. Spot took a lower profile getting a pat or a hug whenever it looked safe.
Many new buyers have not...
27th January 2007
There is just too much at stake for the lender and the borrower. Being proactive is the rule of the day. In the area of Adjustable Rate Mortgages, lenders are pre-empting “payment shock” by calling months ahead to determine the budget status of famili...
23rd January 2007
Calls for bids on mortgage portfolios containing lower credit score and higher risk loans based on Stated Income, No Income, No Ratio, No Doc are going unanswered. As originators of these “flavor of the day” loans are having difficulty selling bulk ca...
17th January 2007
No matter how you package it, it’s all the same. A passerby walking down the street discovers a wallet beside a stranger and it just so happens to be packed with wads of cash. The newfound friend proposes splitting the cash if the owner can’t be found...
10th January 2007
Areas of the country that have enjoyed a big run up in values the past year are now paying for it. Local tax assessors doing their jobs, based on comparable sales, are moving assessed values up to increasingly high levels. Housing affordability is a funct...
09th January 2007
The TV commercials are all over the networks showing two friends chatting away oblivious to what is happening around them and WHAM another car smashes into the them while air bags are going off with blank looks coming from their faces. The ad’s apparent...
03rd January 2007
In earlier years, “Flipping” was a negative term utilized by governmental agencies to designate a mortgage fraud situation where there was massive collusion between, straw buyers, appraisers on the take, title companies and other players all committed...
23rd December 2006
In some areas of the country it is getting more and more difficult to find values that make sense for investment. Further complicating returns are accelerating taxes and insurance. Laying this all over an investment scenario margins are thin or non-existe...
20th December 2006
Listening to a late night radio recently there was a committed follower of the talk show host who was exclaiming that after taking the cure for piling up significant debt that after 5 years of work, the couple was debt free. The caller came from the pai...
13th December 2006
You pass them everyday going to work, coming home from work, going out for lunch, running an errand, shopping for groceries, hard working people are engaged at earning a living to feed their families and provide shelter for their care. Many lead structure...
08th December 2006
After finishing a course in 1031 Tax Free Exchanges in the early 70’s the first deal put together on this “revolutionary” means of doing business was a “NON Qualifying 1031 Tax Free Exchange” using “pure boot”. This was not “like property...
06th December 2006
With any soft real estate market the seller needs to be more flexible to move the property. If a seller is motivated to sell and tells the world through say an Multiple Listing Service (MLS) and is offering to pay all the buyers closing costs and prepaids...
