Top Dogs Miss Markets, Too - 09/28/06 01:14 AM
I know how tough it is for Realtors to convince sellers that they need to reduce their price to be competitive in a slowing market. Apparently, sitting NAR President, Tom Stevens needs to read his own press.In this article, on Monday, President Stevens was quoted:NAR president Thomas Stevens said sellers need … (4 comments)
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What To Do When the Discounter is Your Own Company - 09/27/06 05:47 PM
Full-service real estate brokerage is becoming a more difficult business. There are firms who market themselves as discounters and charge as litle as $299 to list the property in the Multiple Listing Service. Franchises like Help-U-Sell, and companies like iPayone have exploded in popularity these past 4-5 years as the market … (15 comments)
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Defending Negative Amortization Loans. - 09/27/06 01:45 AM
I'm going to defend this product, well, a little bit. Roberta Murphy, one of my favorite hometown Active Rain Realtors posted a blog about neg am loans calling for stricter underwriting guidelines. I essentially agree with her but want to explain a few finer points of neg am loans.
Firstly, let's … (3 comments)
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New website - 09/25/06 11:44 PM
Tonight I released the beta version of our new website about trust deed investing.
I built it through register.com with their 5-page now website kit. I have no doubt that it looks amateurish to all of you e-pros out there but I got it upand running within 2 hours. I had nothing … (3 comments)
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Make LAZY Buyer's Agents your Friends - 09/21/06 07:26 PM
I have news for you out there.....THE MARKET HAS SHIFTED !!!!! It's no longer a seller's market. Listing agents that are unwilling to go the extra mile will perish. The buyers' agents have the control; just like listings' agents had control two years ago.
If you want to effectively CLOSE a … (18 comments)
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How to Read an Appraisal Like an Underwriter - 09/14/06 02:40 AM
Realtors should ask for a copy of the appraisal, both lising agents and buyer's agents. If you are unclear about whether you have access to it, have the buyer and the lending institution sign a waiver before you execute a contract. they waiver pierces the "privacy issue" we lenders love to … (5 comments)
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Six Ways to love your mortgage broker - 09/14/06 02:12 AM
I see the growing irritation with mortgage brokers in your blogs and I can't help but think there are some common problems here that can be solved. Here are six tips that will help you have a smoother transaction and will win you a "partner for life":
1- Allow your Loan officer … (2 comments)
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What is "Hard Money" Lending - 09/08/06 05:09 PM
Hard Money Lending is exactly what it sounds like; loans that are hard to do. Many borrower's needs fall out of the mainstream loan guidelines and they often need a "short-term" fix. Now I want to be clear, this is not an advertisement for my private-lending practice; it is meant to … (12 comments)
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CALIFORNIA LOAN CONNECTION: Why does your broker have an affiliated business arrangement? - 09/05/06 05:55 PM
I blogged earlier about the Realtor/LoanOfficer title so many agents have on their business cards. In essence I asked:
What is so wrong about Realtors who originate loans (or vice-versa)?
Here is a summary of what you told me:
1- It is a conflict of interest: Realtors lose their objectivity if they perform both … (12 comments)
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CALIFORNIA LOAN CONNECTION: Should Realtors also be Loan Officers (or vice versa)? - 09/05/06 02:43 AM
This topic tends to be a hot one. Many folks will say that performing both functions is a conflict of interest. I have never pursued selling homes because I don't want an appearance of impropriety to my good Realtor clients (they feed my family and send my little girl to private … (22 comments)
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Author Review: Robert Kiyosaki - 09/04/06 03:50 AM
One of the most controversial writers in the past ten years has been Robert Kiyosaki, the author of Rich Dad, Poor Dad. Mr. Kiyosaki has said the things that everone wanted to know but was afraid to ask; how are rich people different from poor people? He has written over 15 … (7 comments)
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