My World: How the Shadow Inventory may Impact the Market - 02/23/12 03:11 AM
Well, my blood pressure's boiling because of what I've read about the proposed solution to the government-held shadow inventory. Let me explain: If you're like me, you're probably aware of an apparently foreclosed home that is sitting vacant in a nearby neighborhood. It may well be that this home is one of the approximately one quarter million properties that are being held as "shadow inventory" by Fannie, Freddie, or FHA. These government organizations have been gradually disposing of these properties through the existing REO system working with the real estate community. You've probably sold one or more such properties to investors … (4 comments)
My World: Digital reality is what your past record says it is! - 02/11/12 02:29 PM
Welcome to the new digital reality. Hint: It is whatever you made it. As real estate agents, we're used to creating custom searches for our buyers. When a buyer contacts us, we carry on a dialog intended to help us find out how best to assist them. We find out what they want in a house and how much they feel comfortable spending, their time frame, and whether or not they've been prequalified for any necessary financing. Then we sit down at the computer and create a search which we save under their name. We usually set the search up to … (0 comments)
My World: What the robosigning settlement might mean to the market. - 02/09/12 10:26 PM
The recent settlement of the robosigning case brought against a number of major U.S. banks by attorneys general of the states will most likely result in increased levels of foreclosure seizures. The involved banks have greatly slowed their foreclosure process during the negotiations, allowing some homeowners in default to remain in their properties without paying for months or even years. Now that the case has been settled with what amounts to a slap on the wrist for the banks for engaging in practices which resulted in allegations of fraudulent paperwork, the banks are likely to move quickly to help their bottom … (4 comments)
My World: Together we can change the world! (Yeah. I know it sounds like a song from the '60s.) - 02/07/12 11:04 AM
Did you ever stop to think that Realtors might have a duty to their fellow man beyond simply selling houses and ensuring that the transactions proceed smoothly? Well, there's nothing in the Code of Ethics which states that we do and we certainly don't learn about it in any classes, but I'd argue that we have an affirmative duty to set good examples for our fellow humans. Here's why: We jointly make our living by strategically positioning ourselves at the intersection between supply and demand. We are able to retain this position because we repeatedly demonstrate that we are able to … (2 comments)
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Well, my blood pressure's boiling because of what I've read about the proposed solution to the government-held shadow inventory. Let me explain:
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