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real estate market: Fair Isaac: Fair Or Unfair? - 10/10/08 01:01 PM
Fair Isaac: Fair Or Unfair? By Bill Roberts
The Fair Isaac company rates everybody's credit.
They do it for the banks and mortgage companies.
It is called your FICO score. FICO stands for Fair Isaac COrporation.
Because of the turmoil in our economy many people are seeing their credit scores plummet.
Is that fair?
The banks can't manage their own affairs. A lot of them are BANKRUPT. Many more are in big trouble. They aren't credit worthy yet they have gotten over a TRILLION DOLLARS of credit from us. The U.S. Government (that's us) has bailed them out.
It is time … (31 comments)

real estate market: Are Foreclosures Good For America? Part 3 - 09/25/08 09:47 PM
Are Foreclosures Good For America? Part 3 by Bill Roberts
Until now banks had three options for under-performing loans:
Workout a modification Accept a short sale Foreclose I would be very interested to hear how successful homeowners have been in obtaining a loan modification. It seems that if they were in default the lender's customer service representative can't or won't talk to them. They will only accept "full" payments. By the time the Loss Mitigation Department gets involved, the borrower owes six payments or more and they can't really see a way out. On the other hand, if they aren't in … (3 comments)

real estate market: Are Foreclosures Good For America? - 09/14/08 04:53 PM
Are Foreclosures Good For America? by Bill Roberts
A lot has been written about our financial crisis: How it started; Who is to blame; And how much has it cost us.
But I think that this entire discussion has missed the main point: Was it necessary?
Let's look at the foreclosure process: If you borrow money to buy something and then you don't repay, the lender can come and get what you bought. Their loan to you creates a lien on the purchased thing, whether a car, a couch, or a house.
If you stop making your car payments the bank … (6 comments)

real estate market: Hey Super Agent What Do You Want? - 02/23/08 02:34 PM
Hey  Super Agent What Do You Want? by Bill Roberts
Lenn Harley recently posted HOW TO SUCCEED IN REAL ESTATE SALES. GET REINTERMEDIATED . It was "Featured" so you may have read it. If you haven't read it you should.
I read and then commented on her post:
Lenn, As we take back the business, we will probably have to deal with our pricing for our services. Technology allows a "Super Agent" to handle many more clients than the old ways in the old days. Competition should drive the price of services down.
If you still haven't read the full post please do so. The comments … (4 comments)

 
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Bill Roberts - "Baby Boomer" Retirement Planner

Oceanside, CA

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Brooks and Dunphy Real Estate

Address: P.O. Box 712501, San Diego, CA, 92171-2501

Office Phone: (619) 244-4610

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