|
| |
WORLD'S BEST DOT COM LOAN MAN -- STEPHEN BRADY - 07/30/08 08:03 PM
Let me admit right up front that I am not a Dot Com kind of guy, especially when it comes to financial things.
I want to see a building with the bank's name on it. I want to walk into a lobby where there are people transacting business. Most of all, I want to sit at a bank officer's desk and look him in the eye.
So the idea of going to some web site, filling out an abbreviated loan application, then punching SEND without so much as knowing where it's going, much less to whom, has serious flaws for … (5 comments)
|
Marketing Tear Downs in Dallas: An Interesting Approach - 07/29/08 06:47 AM
Oft times I wonder what was going on in someone's mind that preceded and caused their decision and actions.
In Dallas, we have a handful of real estate companies that primarily list and sell estates, and most of those estates are in an area called the Park Cities.
Frequently, one of these companies will list an outdated home that is on a valuable lot. Rather than give prospective buyers a chance to decide for themselves, the MLS listing will not show a photo of the home, but will give the dimensions of the rooms, etc., then announce that the "value is … (3 comments)
|
Malls: How They Handle Stores Going Out Of Business - 07/29/08 06:09 AM
There are a number of common sense provisions that retail landlords should have in their leases. And interestingly they protect not only the landlord, but the sanctity of the center.
One, and a very important one, is a provision which disallows going-out-of-business and close-out sales. Without going into great detail, it should be obvious how these can infect shoppers' feelings about the mall, in general.
That's terribly important to the remaining tenants.
Frequently, I write about Dallas' most famous retail mall, NorthPark. The genius of Raymond Nasher and his wife Patsy, NorthPark opened in 1964. The look and feel were so … (0 comments)
|
Government Backed Mortgages - 07/20/08 10:07 PM
If one were to go back in time and review the sequence of events that caused the Federal Deposit Insurance Corporation and the Federal Savings & Loan Insurance Corporation to be formed, it might be eye-opening.
But you'd have to also consider the various bank and savings and loan association problems that caused it to evolve to what it is today.
Nevertheless, from almost the beginning, for a financial institution to be a member of the appropriate insurer, the institution had to be a member and pay dues based on its risk to the insurer.
If you owned a member bank … (6 comments)
|
NEW MORTGAGE LENDING RULES - 07/15/08 07:30 PM
WASHINGTON (Associated Press) - The Federal Reserve has adopted a new plan intended to curb shady lending practices that sent home foreclosure rates to record highs.
The plan will:
prevent loans made without documentation of borrower's income; require lenders to escrow money to pay taxes and insurance for risky borrowers; limit - and, in some cases, ban - prepayment penalties; prohibit lenders from making a loan without considering a borrower's ability to repay a home loan from sources other than the home's value; require mortgage advertising to contain information about rates, monthly payments and other features of the loan; require that lenders … (6 comments)
|
SO YOU'VE BEEN "HAD" BY YOUR TEXAS COUNTY CENTRAL APPRAISAL DISTRICT? - 07/11/08 11:15 PM
WHAT NOW?
Texas real property taxpayers appear to have little understanding of the logic behind our Central Appraisal District system. And I've concluded that at least some of the Chief Appraisers of CADs don't understand them either.
I wrote a voluminous piece on this some time back. Here it is for review.
That piece has brought any number of telephone calls and emails from taxpayers who went before the Appraisal Review Board at their Central Appraisal District to protest the new appraisal of their home. Each lost as a result of the smoke and mirrors presentation of the CAD's appraiser that … (6 comments)
|
I THINK IT STARTED WITH DONALD TRUMP'S "THE ART OF THE DEAL" - 07/07/08 08:00 PM
I blame it on Donald Trump and his personal how-to books. Actually not him, but the public's interpretation of his how-to books.
And I do because it seemed to have started about six months after The Art of the Deal hit the bookstores and was a run-away success.
While most Gentiles probably intuitively know it, most don't know that proper business dealings follow a Jewish mitzvah which paraphrased means, "Make certain there is something on the table for everyone."
The idea is that even if you have the upper hand in a negotiation, it is your moral obligation to make sure that the terms … (10 comments)
|
Answering the Question - 07/06/08 08:42 AM
All of us at one time or another are blind sided. Someone accuses us of something; they ask us to do something; we find ourselves in a trap. We'd rather not answer the question, but we do. For some reason, we believe "time is of the essence" is a required obeyance.
And we've been taught, I guess, or perhaps its intuitive, that we must provide a response. It's expected. It's good manners. And so we say something stupid, and we bury ourselves forever. We may even answer the question when 1) we don't have to and/or 2) it's none of the … (7 comments)
|
GOVERNMENT FANS FORECLOSED HOME LOAN MISMANAGEMENT - 07/04/08 11:43 PM
Lenders are foreclosing homes right and left, and the ownership of many of those pass to FHA or one of the other governmental secondary market lenders for them to dispose of.
That's because the loans were sold to them by the originating lender or mortgage broker.
As a result, an opportunist industry has developed. You see, rather than dole out the listings of these properties to licensed real estate brokers and agents on a lottery system, through some magic, only certain agents have gotten the majority of the listings.
This is yet another case where the National Association of Realtors didn't bother … (8 comments)
|
|
|
|
BILL CHERRY
William S. Cherry & No Co., Wealth Coach
Dallas,
TX
More about me…
William S. Cherry & No Co., Wealth Coach
Address: 9936 Windlake Circle, Suite 101, Dallas, Tx, 75238
Office Phone: (972) 677-7028
Email Me
This is the place where we discuss how to manage commissions from real estate sales so that you will accumulate wealth.
Call me 972 677-7098
http://www.realtorwealthcoach.com
 Listings
Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
;)
