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Blog entries tagged with "banks":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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On May 2nd, The Federal Reserve issued a statement about the crisis in liquidity which has bottlenecked global growth for several months. Since last August, banks have written down $300 billion in sub-prime related securities, but the IMF has predicted that the eventual cost will exceed $1 trillion. As major banks … (4 comments)
I worked with this couple for 6 months helping them clean up their credit and get their life back in check and we closed on their loan last Thursday. She has sent me several emails thanking God and Heaven for sending me. Do you know what the local bank did? Told … (0 comments)
Every day, there seems to be something new to learn. And in this sea of short sales, trustee sale and REOS, there are so many new or different rules, practices.
Foreclosure listings, How do you get them?
I have been plugging away at this game for almost 6 years now. Experienced some success and some down times. I moved away for 12 months to manage a real estate team/office and hated it and have now moved back to my home and … (0 comments)
Writing an offer on a foreclosure is not the same as writing an offer on a privately owned home. Banks are often not looking for the same things in an offer that your normal seller is. In the Charlottesville, Virginia area we have historically had very few foreclosures. At this time … (7 comments)
Fannie Mae has recently sent out a directive to the Real Estate Brokers that list and sell the foreclosed properties in California currently held in Fannie Mae's portfolio informing us they are now raising the commission they will pay to Brokers who are representing buyers of their properties a full 1% of … (11 comments)
So I ran by the ATM at my bank this morning to withdraw a little cash. Well, I say MY bank, but really it's the bank that absorbed the bank that absorbed the bank that absorbed MY bank. MY bank was Coastal Bank...people were friendly and I knew the people there. … (1 comments)
This is a difficult market right now,not too many will argue this.One thing I have noticed is that there are many banks out there that are losing money when they really shouldn't have had to! How is this you might ask? Well for one, banks want to save money, like anyone, … (1 comments)
Please feel free to share your thoughts.
I got a call today and have had several calls in the past month or so from customers who have driven by, saw on of my listing signs in the front yard and call me wanted to know information on the property in question. I explain to them the details of … (2 comments)
I have just started working with a couple of banks and am now helping them sell their homes. I'm very excited at the prospects of making this my main focus. … (7 comments)
Due to our recent affiliation with a federally chartered bank, I and my team at the The Mortgage Group, can now originate in all 50 states!
During these interesting economic times, what is the future of real estate? With foreclosures on the rise, this means that many foreclosed on home-owners are now marked for years to come making it difficult for them to purchase properties through conventional-style mortgages. What can be done to make these previous … (2 comments)
In response to ... About foreclosures: How the banks can help turn around the economy and neighborhoods in Macomb County. 
-WELCOME TO MY WEDNESDAY MIND- 
I know the media really hypes the rate cuts of the Federal Reserve, but have they impacted your real estate business in a positive way? Have the phones started ringing with buyer calls on recent rate cuts? Are you clients getting incredible financing? In the Atlanta area I've not noticed any … (22 comments)
If you're anything like me, that is with a pulse, you are growing weary of the negative news in Real Estate these days.
Free Short Sale Seminar in Ft. Myers Florida on May 1st! (edit/delete) 
(re-published from my blog Sweet Home Chicago )
As I survey the damage to the real estate industry today, I can't help but think that this entire fiasco has it's roots in the greed of so many of our largest financial institutions. In the old days we thought of bank robbers as having names like Jesse James. Nowadays they … (3 comments)
Alternative credit bureaus mine data on consumers using rent receipts, utility bills, and other clues! Entrepreneur Kenneth Ellman makes a nice six-figure salary. Yet when he went to refinance his six-bedroom house in Newton, N.J., last year, he hit a snag. The problem: Ellman had paid off his original mortgage a … (2 comments)
… (4 comments)
Imagine this. An investor goes into a new high rise in 2003 and buys about a dozen luxury condominiums. He never sells any of them or even moves into one. He just lets them go to foreclosure. Or this: A new luxury condo never once lived in valued at $1,000,000 sells … (1 comments)
Prevent Foreclosures, Negoatiate with Mortgage Lender 
www.FreeMortgageReports.ca offers the Canadian Consumer access to all the information they need to you know about mortgages, because knowing more about mortgages can save you thousands of dollars.
Bouncing Mortgage Rates
Money Smarts and Mortgages...
Recently, in the past 12 months or so the Raleigh area has had many sellers scratching their heads when they are not getting asking price and they are parting with their refrigerator, TV and other personal items written into the contract by the buyers. It is called a buyer's market and an issue associated with this, which is … (2 comments)
According to Lenders Swamped by Foreclosures Let Homeowners Stay, banks and lenders have been hit so hard they let the homeowners stay in the house. They are doing this in particularly hard hit areas and areas where vandalism is greater. Once a home becomes vacant, it is subject to many perils. … (4 comments)
Today in an article from Realtor Magazine I read that the National Association of Hispanic Real Estate Professionals (NAHREP), the Asian Real Estate Association of America (AREAA), and the National Association of Real Estate Brokers (NAREB) believe that tougher/stricter lending standards are having an effect on Minorities and low income families.
Ok, I just wanted to see if you are all in the same boat. Here in AZ we have a lot of bank owned houses on the market. Because they're agressively priced and so abundant they are the only houses my current clients are viewing and buying. I'm okay with that … (6 comments)
Foreclosed Owners Paid to Leave, an article from Realtor.org, reports that according to a recent survey of real estate professionals by Campbell Communications, a marketing and research firm, nearly half of foreclosed properties are trashed by homeowners on their way out. The banks find it's not worth the cost and trouble to pursue … (4 comments)
You've probably heard the old saying " if you can't beat them join them." Well if you are planning on selling your home than this timeless saying will be of special interest to you again. The days of competing against other home owners to sell your home are rapidly becoming the glory days … (1 comments)
A list of local lenders in this area with links or phone numbers. 
In recent years, banks have adopted some practices that impose high fees and other penalties on some of their most vulnerable customers. We'll take a look at two of the most dangerous pitfalls, and show you how to avoid them.
So the stinger is this. A lady refinanced 4 times. She didn't know or care if it was recorded. She didn't even use but one of them
I was recently sent this part of a discussion and started to ponder it. Is it really the mortgage brokers fault or is it the banks? 
When it comes to banking in Crossville, Tennessee., You have several choices. Here is a list of banks and financial institutions in Crossville to make your searching a little easier. Click on Company icon for each Banks website. 
From Blooomberg.com. For the first time in thirty years the Federal Reserve had an emergency meeting lowering the discount rate by a quarter of a percentage point to 3.25%. Mortgage rates will lower but now finding the money to back the mortgages is becoming an issue. Bernanke says this should cure the … (3 comments)
It appears our government is at it again! This time they are going after Mortgage Brokers???
Remember when the foreclosures first started hitting the market and investors clamored on the court house steps? Where did everybody go? You know what that means? I think it means hey... now is the REAL time to buy! The only folks you see today on the court house steps are the … (2 comments)
I've heard my colleagues complain about and flat out decline listing a short sale. The question I always have is...WHY? What's the big deal? The major complaints - They take too long, The bank cuts your commission, I get ridiculous offers, etc. Before you turn down a nice commission check, here … (0 comments)
These are FNMA's comments from an executive in Capital Markets on the selloff in MBS.
Los Angeles Times Article
It may not be official, but the banks are being bailed out. Let me prove it.
This is just a word of advice to consumers out there regarding short sales. Many people are encountering the following situation. You make an offer and the agent issues a counter-offer, which generally means that your offer has been accepted and that the escrow process has started. However, don't be quick … (1 comments)
RELOCATING TO THE TRIANGLE? Have you thought about where you'll be banking? 
Short Sales are the latest rage with the mortgage industry and while it is definitely preferable over foreclosure, the end result is very similar... you take another homeowner out of the pool of owners for at least 1-2 years and place another home into the current inventory. What's wrong with that? … (1 comments)
It IS REDICULOUS, the amount of SHORT SALES, the amount of FORECLOSURES which resulted in foreclosure only DUE TO THE FACT THAT THE OWNER COULDN'T GET A RESPONSE FROM THEIR LENDER!
I don't know about you, but have you been waiting to hear about an offer you put on the market a month ago. (Maybe even a full price offer) If the answer is yes, you understand what I am going through, everyone wants a short sale or a bank owned property … (12 comments)
Recently there has been much talk about government doing something to reduce the number of foreclosures in the market. "Project Lifeline" was launched with the cooperation of some lenders. What has happened? Are real people being helped? Do Realtors have information to share with their clients who purchased homes through them? If so, … (3 comments)
Grand Rapids, Michigan foreclosures are hopeless and helpless! 
A couple of weeks ago one of our new participants on a local online bulletin board I run called me and was concerned when the computer sent him an authentication e-mail with his password in it. He was afraid that his security may have been somehow impaired. I assured him … (2 comments)
Drive me insane!!
First of all, I would like to say that I know not everyone in the banking industry is the same, and I also know I have been pretty harsh with how I've treated some mortgage brokers in the past. But, I've always done it with my client's best interest in mind. … (5 comments)
By Dustin R Burke, Adonai Financial
if you have had any experience with short sales....when you finally had a successful closing, what was the final result in sales price?
Well it's Monday morning and for some reason I wasn't able to sleep past 5:30 this morning. Normally you can't pry me out of bed until 7:00. Part of the problem is that as soon as my eyes opened my brain began telling me how messed up everything is right now … (8 comments)
My state of Arkansas requires 6 hours of continuing education each year. We are also required to have a class on ethics every 4 years so I "killed two birds with one stone" today and attended a class that was sponsored by one of our banks in town. The bank provided … (27 comments)
In comparison to their large-balance counterparts, small commercial real estate loans may outwardly seem too inefficient to make their case for inclusion in most lenders’ repertoires - particularly in today’s climate of capital markets unrest and an emphasis on cutting costs while maximizing profits. However, the demand for this type … (0 comments)