TARP, HARP, CARP & Kissing your Sister! - 06/30/09 09:42 PM

 The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
 Did you know that TARP also stands for Tunnel and Reservoir Plan?  The official name of Chicago's Deep Tunnel.  This project  aims to reduce flooding in the metropolitan Chicago area, and to reduce the harmful effects of flushing raw sewage into Lake Michigan.
 Hmmm...sounds like they have alot in common!  One flushes cash, and one flushes … (8 comments)

Hello Police?? This is Bucky...I've just been HIJACKED! Send help!! - 06/26/09 05:23 PM

 I saw this picture and could not resist...sorry...if it is too disturbing for some..please turn away....
Recently, an ugly series of events have been occuring within Active Rain, and other blog sites...and I have heard ALOT of comments about this from agents using Zillow as well.  I have come to know this as "HIJACKING SOMEONES BLOG". 
Many of us here on AR blog to make ourselves feel better, to provide GREAT CONTENT to other people in our profession, to build relationships, to inform consumers, to get FACTUAL information out about recent events or changes in the industry, and some … (93 comments)

Two EVIL words for Realtors & Lenders ALIKE to get to know..."Undue Influence"...IMPORTANT information on HVCC rules! - 06/19/09 04:17 PM
Much like many of my posts, I am inspired by something that happened to me, is happening, or has happened to someone else, or in this case, a blog by another ACTIVE RAINER.   I spoke to a couple of senior members on this website before I posted this information, because I had considered linking to the blog that inspired me, as well as some of the comments that had been left.. Well, after much thought, I have decided to just post information instead...and let everyone reading draw their own conclusions!

This is a VERY evil two word phrase right now, … (79 comments)

Mortgages: SO EASY A CAVEMAN can do them! - 06/17/09 10:41 AM
Apparently, the general consensus amongst many people is that Mortgages are easy to do and that communication solves everything!  Well, today I have decided to give everyone a glimpse into my life in the Mortgage business.  True enough, maybe the actual MORTGAGE is easy, but it is the "hunting & gathering" that is the problem! I realize that many people can already appreciate that things have become more challenging, but I truly want you to know that I AM NOT A CAVEMAN and it is not easy!

 8:08 am, got to office, large coffee.
Turned on computer, checked email, had 38 … (95 comments)

Search & HOLD!!! SEARCH AND HOLD....SEARCH & HOLD! - 06/10/09 02:22 PM



"A Search and Hold provides information of record as to the current property owner, to be used for reference when listing a property."
This product also advises the Realtor and Lender of any potential pitfalls such as an IRS lien, unreleased mortgage, 2nd or 3rd mortgage,lis pends, other names in title, divorce's old & new, as well as trusts etc..etc...etc...etc..! In addition, it shows AMOUNTS OWED....that allows EVERYONE to JUST DO THE MATH!
I REALIZE that Realtors already UNDERSTAND what this is!  so...please dont attack me for being BASIC!HOWEVER, I don't understand why they are not used as often as … (6 comments)

3 "Quickies" for Realtors! - You asked for education, here it is! - 06/08/09 11:16 PM
I have had 3 things come up lately that ARE LITTLE THINGS...that have turned into BIG things...so I am sharing with everyone as a learning experience!  These are pitfall items that can cause you grief at the end of a transaction!  Let's deal with them up front shall we??
1.  Chattel- On the OTP

 
It is defined as follows:
Personal as opposed to real property; any tangible movable property (furniture or domestic animals or a car etc) or,
An item of tangible movable or immovable property except real estate and things (as buildings) connected with real property
 In other … (56 comments)

One of our own QUOTED on BLOOMBERG! Congrats to Tom Burris! - 06/05/09 12:09 PM
Well, he is an ACTIVE RAINER, an Evil Mortgage Genius, and a Cowboys Fan, but now he is also a "Guru of Wall st". 

 
 
Congrats to TOM BURRIS!  You do not JUST get the GOLD STAR, as I am also bestowing upon you the "BLUE STAR"!
Tom was quoted in this article on Bloomberg.Com by Brian Louis talking about the rising interest rates!
You can access the article by clicking HERE!




Tom said: 
"If people hear that rates are going up, I think they hesitate a little bit," said Tom Burris, a … (19 comments)

Oh Great..More BS from the Guvt! HERA Mortgage Disclosure Improvement Act - 06/02/09 10:57 AM
I received an update yesterday from Wells Fargo, and as usual, they are getting in front of the change!  YEAH for them!  Here is what I received...PAY ATTENTION LOAN OFFICERS!


One more thing we can thank WALL ST for..


 However, are any of these REALLY bad ideas??Only one I SEE, is that NOW, and I am getting clarification, we will have to disclose TWICE??  Arghh... 
Oh and NICE APR suggestion!  People still dont even know what the APR is??  Now, we can really call the Truth in Lending disclosure, the Truth & Confusion form!
For all … (14 comments)

The 2nd 12 OPEN HOUSE SUGGESTIONS! Let the debate continue.... - 06/01/09 06:11 PM
Do you make assumptions about OPEN HOUSES, because they have not worked in the past??  Well, DON'T DO IT!  Don'put the cart before the house, I mean horse!! LOL....Remember, this is from a "Lenders Perspective!"
 
I did a blog a couple of months ago, that was recently featured, and after such an overwhelmingly GREAT response...I thought I would GIVE AWAY 12 more ideas!
 I would be honored if you re-blogged me, and as always, whether you agree, or disagree, I would LOVE to hear your comments!
*DISCLAIMER*  These suggestions MAY NOT work for REO'S! 

LET THE DEBATE CONTINUE..........................
… (21 comments)

 
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Darin Osenberg

Nashville, TN

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Funky Quail Vintage

Address: krovy@aol.com, Nashville, Tn, 37211

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