Damon J. Brockenberry's (damontheagent) Blog

Very often people ask me "what is the interest" and my response to them is "depends on you".  Usually there response is I heard it was at the lowest in 30 years and I smile.  First let's define what the interest is and how it applies to every homeowner or potential homeowner. Click here for more....

There have been many questions, concerns, and issues pertaining to what is an earnest deposit, when is it applied, and who holds the deposit.  These answers vary but there is one thing for sure.  The earnest deposit shows good faith from the buyer.  When an offer is made a copy of the earnest dep...

In August 2010 I sold a townhouse that showed extremely well in 3 months for $201,777 for top dollar while the foreclosures and short sale priced lower continued to sit on the market.  I recently found out another agent listed a house that showed equally as well in that same subdivision for $95,0...

I saw this coming years ago and lenders have talked about it earlier this year.  The restructuring of Home Loans continues.  The minimum credit score requirement increases to 640 effective November 15th 2010 with the loan locked in, not just getting a desktop underwritten approval.  That means if...

Unfortunately short sales and foreclosures are the majority of houses on the market today.  Many people have a misconception about foreclosures.  Some think you can purchase a foreclosed home for nearly nothing and in few cases that's true but very few.  Depending on if it's a shell, which area i...

From 2001-2005, Interest Only, Adjustable Rate, & No Document Loans were the most popular loans used.  Unfortunately those loans were used strategically to get buyers into homes they really couldn't afford thus came the crashing of prices and the increase of foreclosures on homes once those loans...

With so many people upside down on their mortgages and foreclosures hitting all time highs, some home owners wonder can they still sell their house.  The answer is yes but a lot has to do with why is the home owner selling.  Is it because they can no longer afford their mortgage or are they tryin...

Many potential buyers who are viewing properties are asking themselves, what is a 203K, how do I use it, how long will it take to complete, what's the difference, what are the different kinds & do I have to use it.  The answers when fully explained can be the difference between a smooth transacti...

Sometimes I get phone calls from other agents saying "Hey I have this property listed if you have any buyers let me know".  I shake my head and laugh for many reasons, 1 is I have the same MLS system as they do so I know what's on the market & 2 is if you're calling agents to let them know I alre...