Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869

ARCHIVED BLOG POSTS

2013 

  “Too Many Mortgage Fraud Cases Around”       Recently, I read an article about an individual in Connecticut that will be doing prison time and paying a large fine. These are the words that caught my attention:         “conspired with others to obtain residential mortgages through the use of fal...
05/31/2013
“Attained My Final 24 Month Activerain Goal 500,000 Points Now What?”   I did my first Activerain blog in May of 2011. I am now over 500,000 points, which is was my 2 year goal. OK, so what are my goals going to be  for the next 12 months and the next 24 months?   1)  For the next 12 months, an a...
05/30/2013
“Another Mary Maxwell’s Conversation with GOD”       Each time I hear a conversation Mary has with GOD, it brings continued smiles and laughs. As I listen I wonder how many folks nod their heads in understanding?   Many may have heard Mary in the past, but I thought I would share one of her rece...
05/30/2013
  “Many Clients See Themselves in My Blogs?”     I have always shared real situations in my blogs. Many times folks share that they went online looking for answers to questions, answers to issues like they are facing or just attempting to learn about things mortgage related.     One communication...
05/29/2013
  “One Investor Decides to Liquidate Some of His Stock Account and buy Multi-Family Homes”       This investor has done this before and his timing seems to be very good. He cashed liquidated $200,000 at the beginning of the year and has been buying 3-4 family homes. We have now closed on the 6th ...
05/28/2013
  “Print Marketing is Not Cost Effective for Me”       The last time I did any print marketing was over 10 years ago and I wish I would have stopped even before that. For a number of years I would do direct mail pieces to folks I didn’t know and didn’t know me.     I used professionals to design ...
05/28/2013
  “When to Ask for Referrals”       Everyone in business talks about referrals all the time. I have had so many conversations about this topic, but most often I hear people talk about asking for referrals after the sale or completion of a transaction. Not a good idea in my humble opinion. I belie...
05/28/2013
  “Loan Started in August and Closed 5/21”       Jessica was a referral from another loan officer, who indicated that they couldn’t get the loan done. He recommended to the client that I would be able to get this loan done for her and unfortunately his company couldn’t.     There is something tha...
05/27/2013
  “Lender Agreed, This Appraisal Sucks”     Not a typical response, but when information is presented correctly, a positive response can be gotten.     I was in the process of doing a refinance for  a client, a rather simple transaction, the goals was to eliminate mortgage insurance and lower the...
05/25/2013
  “Sometimes Paying Off a Collection Will Lower the Credit Scores”       I wish I could completely understand the why. You would think that paying off or settling a collection will improve someone’s credit scores.         Here is what I continue to see, if collections are old and not reporting mo...
05/24/2013
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Joe Petrowsky

Your Mortgage Consultant for Life
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