mortgage mess: Buy Then Bail... Go Straight to Jail (Do Not Pass Go) - 09/12/09 10:34 AM
As a mortgage person in the current wild and wacky real estate market, I sometimes get clients who want to buy and bail. So what's a buy and bail?
The call goes something like this:
"Hello, lovely mortgage person? This is Babs ( Buy and Bail Soon). My house is … (81 comments)
mortgage mess: Why You Need A Barf Bag When You Apply For A Mortgage - 07/09/09 10:58 AM
Because I am in the trenches of mortgage madness daily, let me just tell it like it is: Getting a mortgage these days is NOT A PLEASANT THING.
Why is this? Because quite honestly, BANKS ARE NOT A PLEASANT THING.
They are woefully understaffed:"get in line, we'll get to you when we … (20 comments)
mortgage mess: The Hidden Agenda of Banks: Why Mortgage Brokers Will Become Extinct - 02/07/09 10:57 AM
WILL THE LAST MORTGAGE BROKER ON EARTH PLEASE TURN OUT THE LIGHTS?
Will there soon be a day when the last mortgage broker on earth quietly turns out the lights, sadly looks back, then joins the other victims on the growing list of economic extinction?
Are mortgage brokers being squeezed out … (159 comments)
mortgage mess: Rates Are Low, I'm Eating Crow (Hey, Lenn...Wanna Bite?) - 01/13/09 07:29 PM
This California (vegetarian) mortgage broker is eating a big helping of CROW today, and what do you know?
It tastes great.
Surely I must have been one of the first to make this declaration early in 2008: What will it matter if rates go to 2% if the house won't … (70 comments)
mortgage mess: The Top Ten Worms That Crawled Out of the "Debt Forgiveness" Can - 11/24/08 10:02 AM
Please study the headline of this post carefully.
Since "WE" are funding a bailout of toxic mortgages, "WE" (taxpayers) should be very careful in demanding a solution that wipes out debt (forgives principal) instead of restructuring the loan (lengthening loan, reducing the rate, etc).
I agree with Lenn Harley's premise that … (10 comments)
mortgage mess: Are Some "Victims" of the Foreclosure Crisis Really Just Opportunists? - 11/22/08 09:43 AM
Today, I am going to ask those politically incorrect questions that no one else has dared to ask. I'm going to ask because these questions are at the very core of what is wrong with our economy.
Someone has to ask if we ever hope to have a prayer of getting … (30 comments)
mortgage mess: FEAR of FINANCING: The Disease That is Costing The Real Estate Industry - 11/12/08 10:25 AM
There is a new disease out there: Fear of Financing (FOF). FOF is a psychological disease that prevents people from buying houses. While we have yet to discover a cure, you as a Realtor can sell more houses if you understand it, and help potential buyers overcome it.
Buyers have already … (52 comments)
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As a mortgage person in the current wild and wacky real estate market, I sometimes get clients who want to buy and bail. So what's a buy and bail?
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