A Breathe of Fresh Air - 09/30/06 04:40 PM
The changes that FHA made to their appraisal guidelines have brought a breathe of fresh air to the FHA mortgage program. The laundry list of 25 items to repair in a house has disappeared and been replaced with maybe one or two items to take care of, such as peeling paint … (3 comments)
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Take A Break at Oktoberfest at the Beach 2006 - 09/30/06 04:11 PM
This is for all of us that work hard in the real estate industry.The New London CT Rotary Club is hosting it's Oktoberfest At The Beach 2006 at Ocean Beach Park Pavilion in New London, CT. Oktoberfest is one of two major FUNdraisers for the Rotary club in New London. The $25.00 … (1 comments)
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Staying In Touch - 09/30/06 03:45 PM
Did you ever notice that when you ask "How did you hear about me?" that most people will say that they heard from a relative, co-worker, friend, boss, etc. about the good work that you do? When I review the source of my business month after month the vast majority of … (6 comments)
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True or False - 09/27/06 07:29 PM
CNN, ABC, NPR and other national media outlets have each had segments on their newscasts about the housing market and the potential bad news ahead. They should come visit southeastern CT. The number of For Sale signs would have you believe that the media is telling the truth. Though when you look at … (0 comments)
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RENT WITH OPTION TO PURCHASE - 09/26/06 02:19 PM
A NUMBER OF CLIENTS HAVE STARTED ASKING ABOUT "RENT WITH OPTION TO PURCHASE" IN THE LAST FEW WEEKS. I HAVEN'T BEEN INVOLVED IN ONE OF THESE TRANSACTIONS FOR A WHILE. IF I REMEMBER CORRECTLY, THE CONTRACT NEEDS TO SHOW HOW MUCH OF THE RENT IS GOING TOWRDS DOWNPAYMENT AND HOW MUCH … (6 comments)
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Zenobia Penn's Home Buyer's Club - 09/25/06 05:59 PM
It was a pleasure to speak to a group of about 30 first time home buyers about credit reports and credit scoring. The group has been meeting each week with Zenobia Penn, a very dynamic person that wants all of these people to be able to purchase a home. Her Home … (1 comments)
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What A Day - 09/23/06 06:24 PM
Today is the first day of Fall, my wife's birthday, the first day of Rosh Hashanah and the first day of Ramadan. Wow !Wondering what the significance of all this happening on the same day?Definitely took the day off to celebrate 3 of the 4 events, but noticed towards the end … (2 comments)
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Living Downtown - 09/21/06 06:46 PM
Just arrived home after attending an Open House for recently renovated apartments in a commercial building in downtown New London, CT. Frank McLaughlin has been purchasing property in the downtown area and converting unused upstairs areas into apartments for tenants interested in living in an up and coming urban area. The views of downtown New … (1 comments)
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Working with the Credit Bureaus - 09/20/06 09:31 PM
What percentage of your day are you spending trying to resolve credit issues for your prospective borrowers? Every day I am meeting with clients who paid collection accounts, charged off debts and Small Claims Court Judgements and the credit reports are not reflecting this information. Credit scores are being hurt by … (1 comments)
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Eastern CT Assoc. of Realtors Legislative Breakfast - 09/15/06 07:15 PM
Approximately 20 state legislative candidates spoke to a group of 150 Realtors, lenders, attorneys and other real estate professionals Thursday morning in Norwich, CT. It was interesting to hear the 20 different speakers make their pitch for votes with an emphasis on how they will work towards property tax relief, the repeal of … (0 comments)
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Mortgage Rates and Gas Prices Dropping - 09/13/06 06:43 PM
Have you noticed that 30 year fixed rates have dropped from a high of 7% with 0 points at the end of June '06 and are now at 6.375% with 0 points. I am sure you have noticed the gas prices dropping (at least in CT) from $3.24 per gallon for … (5 comments)
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American Dream Downpayment Initiative - New London County, CT - 09/11/06 07:56 PM
Tha ADDI program administered by Eastern Connecticut Housing Opportunities has been helping prospective home buyers in New London County. The program is making $10,000.00 -$25,000.00 available to borrowers that need assistance with downpayment and closing costs. If the borrower stays in the home for 5 years the ADDI grant is forgiven. … (0 comments)
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New London Being Renovated House By House - 09/09/06 07:55 PM
Homebuyers in New London are taking advantage of a CHFA program called Urban Rehab to complete renovations on 1-4 family homes in the city of New London. The State of CT has made funds available for improvements to homes for buyers that work in the city. The money has been used … (0 comments)
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