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Someone Needs to Take Control of these Underwriters - 09/29/09 02:41 PM
Okay it happened again - I think Someone needs to take control of these underwriter's and tell them they are NOT appraisers or Real Estate agents. Are they aware we are trying to sell homes out here and keep the economy moving? Not to be rude but some where during the mortgage melt down and real estate collapse they decided they were God.
Here's just a few examples - a few weeks back we received a call from the mortgage broker saying the underwriter did not like the appraisal because it was too high. Excuse me but when did underwriters become … (10 comments)

Millions More Foreclosures Coming - 09/12/09 05:22 PM

Via John Mulkey, Housing Guru (TheHousingGuru.com):
If the economy is improving, do we really have millions more foreclosures coming? According to the U.S. Treasury, the answer is yes. In written testimony to Congress, Assistant Secretary for Financial Institutions, Michael Barr said that, regardless of the success of mortgage modification efforts, we should still expect millions more foreclosures.
 
Mr. Barr’s testimony is certainly not welcome news for those anticipating a significant recovery in the housing market. In fact, it is an indication that significant recovery is still years away.
 
And there are other factors that confirm the fragile state of both … (5 comments)

 
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Ed & Cindy Knight

Shelby Township, MI

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Address: 8152 25 Mile , Unit G, Shelby Twp, MI, 48316

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Ed & Cindy Knight share their notes about life in real estate. Along with Macomb County photos, local business, area cities and homes for sale.




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