How Many Lives Does the Industry Have Left??? - 09/07/08 10:39 PM
As you know or may have heard. The Fed to the rescue again today. How long will this go on?
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Government Takes Control of Fannie, Freddie - 09/07/08 09:13 PM
Today the federal government has taken control of mortgage giants Fannie Mae and Freddie Mac. The Treasury Secretary said Fannie and Freddie posed a systemic risk to the economic health of the country and "cannot continue in their current form." Both of the top executives at both companies have been dismissed, and thus the recently formed Federal Housing Finance Agency (FHFA) has been appointed conservator of both of the GSEs, and is being held accountable for reorganizing and rehabilitating their business affairs.
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Acapulco Property...Co-broker, and Promoting agents needed - 09/04/08 02:30 PM
At present I have a client that wishes to sell some acreage in Acapulco. My client has been appointed custodian and has special power of attorney. All fees will be paid in accordance with I.R.E.S. fee structure.
Here is an example breakdown of fee to be paid;
Co-Brokers 2= 2.5% each
*Promoting Agent (Procuring Agent)(s) = 2%
Buyer's Agent (Selling Agent)= 3%
*Promoting Agent can be anywhere in the world, if their promotion effects produce a buyer, their efferts are thus compensated.
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