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referrals: Do You Refer or Do You Endorse? - 03/23/12 01:13 PM
I have blogged so very little this year. Frankly, that's a good thing for me. It means that I"m not depressed or suicidal, but I am ready to pull my hair out of my head because of all of the bsiness that I'm dealing with right now. In the process of bulding and growing, I'm getting deals and sending deals. A couple of recent transactions made me think to myself.....
DO YOU REFER OR DO YOU ENDORSE? First, there's a huge difference between the two. A referral is someone who is sent to from one party to another. I get referrals, … (13 comments)
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referrals: He's the Most Honest Guy I Know....... - 12/07/11 12:10 AM
Never do sweeter words to the ear of someone in sales than when they hear those sweet, sweet words.
He or She is the most honest person you know. How great it is on the soul of the sales person.
No One Love Their IN-LAWS, but..... My dad was a bit of a hard ass growing up. Coupled with the fact that dad was a hard ass, it surprised me one day when I heard someone tell dad that my father was one of the most honest men they know. My dad's response...."no....I don't hold a candle to my father-in-law." That's my … (36 comments)
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referrals: Can I Count This as An Active Rain Referral? - 11/11/11 12:56 AM
From The Desk Of Mrs Evelyne TallExecutive Director for Domestic BankingThe Pan-African bank.Dear Larry Bettag,Greetings of peace to you and your house-hood !It is in humility of mind , sincerity and in good faith that i am establishing this contact with you hoping that you will not expose or betray this trust and confident that i am about to impose on you for the mutual benefit of our families.I came across your impressing profile on Active Rain note book during my private search for a business partner.I need your urgent assistance in transferring the sum of (USD 40.8 M) to your … (15 comments)
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referrals: 90 Active Rain Referrals Aint nothing to Sneeze At! - 08/11/11 10:41 AM
It's official. I am 10 referrals shy of 100....all from Active Rain. The first referral was a Bank of America nightmare asking for me to help him with a modification. I can't do anything for him as a lender, but I am going to volunteer my time as an attorney to help him fight the 11.25% interest rate that he has through Bank of America. A minority man asked me to help him stating that he's asked Bank of America to refinance him, but since his debt to income isn't high enough, forget it. The fact of the matter is that … (63 comments)
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referrals: The Opposite of Localism is Active Rain's GLOBALISM!!!!! IT'S LIMITLESS! - 07/17/11 02:14 AM
GLOBALISM.....Oui, Oui! Active Rain Got me a Referral from Paris! Here's a first for me! Short Sweet and simple! I received a phone call last night from a new client who is moving to this area. He's from the States, but has spent the last 4 years over in Paris.....(or, as I say when I'm rhyming and rapping .....Pahreee).
The client said that he's moving back to the States and was referred to me by someone from the Rain. He then scoped me out on Active Rain, and found my blog to be "very amusing" and determined that I was the … (58 comments)
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referrals: Do You Have a Referral to Spare? - 07/07/11 08:54 AM
For Years I've been coached by some of the greats. I spent a few years being coached by Buffini and Company. I was coached by Rich Brennan and The Brennan Method, I was also coached by who I consider the grand puba or the PhD. program of coaching, Steven Scanlon of Building Champions...check out www.buildingchampions.com. I enjoyed being coached by all of them, but this past year, after 7 years, I've taken the year off.
Now, it's all about getting back in the game. 1 Year away is great, but really, its truthfully time to go from really good to really … (42 comments)
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referrals: Active Rain....I need just one more Active Rain Referral....to hit 50! - 11/17/09 08:37 AM
A couple of astounding things here happened to me this past weekend on Active Rain. I write a post this weekend that was action packed. For the first time ever, the post gets over 158 comments. Just ridiculous. It also sets another personal best and gets re-posted 12 times. My post? We Received Your Payments On Time but are Foreclosing Anyway! It's a true, sad story about a consumer totally getting ripped off by a major mortgage company. Unfortunately, I didn't get a feature (after all the comments started to roll in, I knew that I had found paradise, but no....it was … (13 comments)
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referrals: Truths, Lies, and Just plain Stupidity (Experience Matters) - 04/16/09 10:13 AM
I was reading Jeff Belonger's post today.
His post, To be or not to be an EXPERT, that is the question - Such as an FHA Expert, is fairly straightforward. The post is fairly straightforward in that he gives examples in supporting his theory that cthere are a lot of "experts" out there, that are "experts" in name only, and thus, as a result, mislead the consumer.
I find that there are the KNOWs and the "don't knows." The knows are people in our business who actually know their business. They know it inside out. What they don't know, they know … (12 comments)
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referrals: I Just Gave out A Referral to An Active Rain Agent...and I Liked IT!!!!!!! - 01/22/09 09:19 PM
I kissed a girl and I liked it. Oh sorry, I was caught up in "pop culture" for a minute. I referred a home seller to an Active Rain Agent and I liked it.
OK...so I've received over 20 referrals since joining Active Rain. I'm really stoked for that. To tell you the truth, I joined Active Rain for the sole purpose of getting a bit more exposure on the net and felt that I'd get a better presence on Google, but having a few posts out their kicking up the dust. Needless to say, the following has happened.
1) I've … (46 comments)
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referrals: Stated Income Cash Out in Ohio - - - Need a Lender - 10/24/08 08:50 AM
Anyone have the ability? I have a single family residence. A doctor with a newer practice. The total LTV will be less than 80% for the cash out. Great FICOs. The loan amount is conforming. If you have someone that could do this with no BS to the client and customer, contact me. The person who I refer is from my family, but do to certain company restrictions, I can't do this loan. If yo have an interest contact me and I'll ask you a few questions and put you in contact with this fine doctor. Thanks for your time.
… (5 comments)
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referrals: The Dirty Dozen.....12th transaction in the Rain!!!!! - 09/12/08 12:17 PM
Just this past week I had a referral from one of my associates and friends in the Rain. Mr. Jeff Belonger! Mortgage Guru Extraodinaire!!!! The FHA-meister!!! Mortgage Knowledge at its BEST!!!! (Jeff Belonger) I've now been dancing in the rain for over a year. I called him up this past week to just BS with him. I have always enjoyed him and he has a sarcastic element of him that aligns perfectly with my quick wit and sharp tongue. I'm grateful to Sir Jeffrey....
It's amazing the people that you meet while swimming in the Rain. I now feel that in … (38 comments)
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referrals: The Age of Personal Financial Responsibility - 04/24/08 11:29 AM
This morning on the news was more of the usual GLOOM AND DOOM. The three issues were:
1) Rice - No....not Condaleeza
2) Gas Prices
3) Housing Soft Markets
The usual banter goes on about how Rice prices have increased 79% since the first of the year. There is rationing in the major US grocery chains, blah, blah, blah. Gas prices suck....of course. The 4 bucks a gallon is incredibly hard for anyone to swallow...even the upper middle class now. The Housing Markets were listed showing all of the soft markets where buyers can score a great deal.
WHAT WAS GREAT ABOUT THE NEWS … (37 comments)
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referrals: Today's Markets....just a little more of the same....but good for bonds - 03/25/08 10:18 AM
Yesterday...
Rates rose sharply on Monday, pushing Treasury yields up 20bp or more and returning yields to their early-March/late-February levels across the curve. The FHLB got final approval to double mortgage investments. While several reasons were raised for the MBS sell-off, it appeared technical in nature with participants having decided that yields had just moved too far, too fast. Yesterday's sell-off, along with the prior Monday's, was one of the most severe one-day routs in years. JPMorgan's increased offer for Bear helped lift stocks as did the existing home sales report. In February, existing home sales rose 2.9% but the optimism with … (3 comments)
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referrals: Market trends from weekend Fed Activities - 03/17/08 09:26 AM
In an emergency move, the Fed cut the discount rate (the rate on direct loans to banks) by 0.25% to 3.25%. The Fed also announced that it will create a lending facility for the 20 primary dealers (the first time the Fed has extended financing to non-banks since the Great Depression), which will remain in place for at least 6 months. Bear Stearns continues to make headlines this morning on news that JP Morgan will purchase the firm for $2 per share, which is less than 1/10th of the Bear's value as of the close last week. The Fed has agreed … (5 comments)
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referrals: Bernanke and Fed are in the process of changing Respa....what this means to you. - 03/16/08 11:11 PM
Alphonso Jackson, Secretary of Housing and Urban Development Friday proposed a mortgage reform designed to help consumers better understand the terms of the loans they are considering and offering guidelines for shopping for different products. This is cool since many consumers don't understand what's been put before them and unscrupulous lenders prey upon victims by not explaining truths to consumers.
If approved, the changes will reform Real Estate Settlement Procedures Act (RESPA). First HUD is proposing that mortgage brokers and lenders provide consumers with a standard Good Faith Estimate. Jackson said that by offering consumers clearer, more certain cost estimates the average borrower will save … (6 comments)
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referrals: On top of the Roller Coaster coming down - 02/29/08 11:05 PM
Wow...last week, I was talking with people who were seriously considering getting out of the real estate business. You see it was only 3 weeks ago that mortgage rates were awesome. They were quite stimulating for the economy....a reprieve, if you will in the bastion of negative real estate news.
Last week, however, mortgage rates had escalated to where they were eyeing the 7.0% mark. That brought out the naysayers who, after three weeks of bad economic data coupled with inflationary remarks by Bernanke, said that maybe it was time for them to "shift out of real estate" and into something … (2 comments)
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referrals: Keep your eyes on the prize!!!! - 02/19/08 10:28 PM
This market is insane. Bond prices got rocked today. The rates shot up....AGAIN!!!! That's all that has been happening receintly. Bernanke, last week, said that our economy sucks, but we have worries of inflation. So our stock market drops, but the rates go up! When the stock market goes up, rates go up. When it drops, rates follow. Bernanke speaks and the stock market drops. Then he says that we're inflationary. Well which is it?????? You see if our economy sucks, the our rates should be going down? Right?
Well what's a guy supposed to do with a out of whack … (0 comments)
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referrals: Loan Officers referring contracts to realtors - 09/25/07 11:48 PM
I saw a post not too long ago from a realtor who opposes loan officers giving realtors buyers to buy homes. I'm curious...why would a realtor think that way? One reason is that perhaps the realtor will feel "beholden" to the originator. Another reason is possibly the realtor thinks that the loan officer screwed the homebuyer and that since now the L.O. only needs a contract, if the realtor cooperates with the lender, then they are "complicit" in the shady deal that takes advantage of a homebuyer. Both are valid points. However, I need to ask a couple of questions, but … (24 comments)
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referrals: American Finally Shuts its doors - Indy Mac Cherry Picks remnants - 08/03/07 09:00 AM
I have talked to my friends at American Home Mortgage. I guess Indy Mac has taken a lot of the branches out west and has "cherry picked" some of the other branches....
The Salt Lake Tribune said yesterday, that American Home Mortgage Investment Corp., which raised fears this week that it may become insolvent, has told employees that the company planned to shut its doors today. The closing points to the broadening of problems in the credit market to segments even above the sub-prime markets. The company's 7,000 employees were told by managers Thursday that today will be their last day … (6 comments)
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Larry Bettag Illinois FHA Specialist
Saint Charles,
IL
More about me…
Larry Bettag - Cherry Creek Mortgage
Address: 40W310 LaFox Road, Saint Charles, IL, 60175
Office Phone: (630) 524-9677
Cell Phone: (630) 417-7172
Email Me
1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.” ( John 14:1-4, New King James Version)
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