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mortgage mess: Listing Realtors Beware: Threatening a Lender with a Notice to Perform? Please.....talk to the Buyers Agent.... - 02/08/09 06:05 PM
I guess over the years, you can say that you've seen it all, heard it all, and dealt with almost every situation in the book, or so I thought..............
Needless to say, emotions are running high these days between buyers, sellers, realtors, lenders, and every other interested party, including the media. As it relates to the lending side, now more than ever, it is critical that residential purchase agreements along with all counteroffers and addendums are properly disclosed to all parties to avoid any possible concerns in the middle of a transaction. If you have a verbal agreement of any sort, … (10 comments)
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mortgage mess: Woo Hoo or WTF? A letter to my mom about the pending crash (or sale?) of the largest savings thrift at Wamu... - 09/17/08 06:43 PM
It has been several months since I've had the opportunity to post. My mother taught me that if you can't say anything nice, then don't say anything at all.......
Mom...I apologize in advance for ignoring your wisdom.
I can't resist any further; and NO, I will not tell you what WTF means....I can't tell you everything.
This industry that I'm in is coming apart at the seams. You know that while I've always been wise about my investments, as well as the movements I made throughout my career, none has affected me as negatively as my days at WaMu. I spent … (21 comments)
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mortgage mess: Breaking News....WAMU to shut down all RETAIL AND WHOLESALE lending offices at the end of this month - 04/07/08 06:31 PM
I always knew that the company was in some trouble, given all of the recent changes recently, but it seems like the deferred interest (neg am) loan has become the nail in their coffin.
A friend of mine on Wall Street just informed me that a huge conference call just occurred where Wamu announced that they will only handle loans through their branches, choosing to shut down all retail and wholesale lending offices at the end of this current month, April 30th, 2008.
As I receive transcripts or additional breaking news, I will let everybody know.
Bill Nazur has an extensive … (41 comments)
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Bill Nazur
Corona,
CA
More about me…
Address: Corona, CA, 92882
Office Phone: (949) 274-8950
Email Me
All Real Estate....all the time....how Real Estate can help you achieve your goals, as well as what is wrong with the industry. Pure, unabashed honesty. Critical to my mission is to help underserved families and communities improve their position to create a legacy for their children.
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