tucson: Seller Carryback Fanancing, it's not extinct!!!
- 08/17/09 02:51 PM
Here's the scenario: You have a listing for sale and unfortunately not too many prospects coming to look at the home. Your seller comes to you and asks why no one is calling and what you plan to do about it. Could you have missed something in your interview with the seller. It's not really your fault. Most Realtors have basically placed Seller Carry Back Financing on a shelf because lenders all but buried that option. In fact Fannie Mae guides use to prohibit the use of seller carry back financing relegating it to the evil sub prime lending channel. Times … (7 comments)
tucson: Why there's a Rain Maker in Tucson Arizona
- 08/14/09 10:56 AM
I want to personally thank our Arizona Ambassador Mike Jones. I've finally decided after just four weeks to make the jump to Rain Maker. I've been impressed by how Active Rain provides the environment for expression of opinion, education, information and some funny commentary as well. As a mortgage lender in Tucson Arizona where we have been hit hard by foreclosures and shortsale properties I find it more important than ever to expand my sphere of influence. Loan guidelines continue to tighten up as well as credit restrictions and so it's become increasingly difficult to qualify buyers in such a market. So expanding the methods … (7 comments)
tucson: Have we hit bottom in Tucson Arizona? I'm an Optimist
- 08/13/09 01:09 PM
I read a lot of information relating to how the housing market is still tumbling down and as many in Real Estate have said, "it's all local". We really don't know where the bottom is until we have lifted off towards recovery. There is nothing wrong with being a realist on the subject. I know that there are a new wave of foreclosures coming, I know the Government isn't going to continue to buy up Mortgage Backed Securities forever and I know that unemployment is a variable whose impact we won't be able to gauge yet. With all that in mind … (2 comments)
tucson: OPEN HOUSE TODAY, Why you should REQUIRE all prospects to sign in
- 08/01/09 10:15 AM
If you're a REALTOR today is like any other weekend day, it's time for your Open House. As a lender I sit open houses from time to time. Sometimes it's with agents whom I have worked with that may have a hot listing, and sometimes it's with a newer agent who would really like to have me there to answer questions of potential prospects coming through. One of the major mistakes I see when I go to a newer or even sometimes seasoned agent's open house is the fact that they are uncomfortable asking everyone who walks in the door to sign the book. They will just let a prospect walk through and say to them, "Let me … (2 comments)
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