lenders: MANUFACTURED HOME WOES - 07/27/07 07:47 AM
Good morning everybody! Welcome To Sarah's Blog today...
I am writing this particular blog as more of a question. We sold our home to a woman who has a manufatured home in a 5 star park. She is looking to sell that 1500+ square foot home. Do you have any ideas on … (4 comments)
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lenders: Freddie Mac Home Possible Program - 07/26/07 12:13 PM
Effective recently, conforming lenders will accept loan submissions and locks for the Freddie Mac Home Possible program. Details for the program can be found at http://www.freddiemac.com/homepossible/ or you can check out the program matrix for the My Community and Home Possible programs on most rate sheets. You must be approved by … (1 comments)
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lenders: Zillow LOVES Me! - 07/25/07 08:10 PM
Ok, so the truth may be closer to...
Zillow liked something I wrote and decided to feature it.
LINK
Diane Tuman wrote that,
"I spend a lot of time in the Real Estate Guide, editing content, organizing content, and “redirecting” spam when I see it. Lots of similarly-themed titles flow one after … (5 comments)
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lenders: Expect higher prices, interest rates and taxes to cool the housing market in 2008 - 07/25/07 07:15 AM
Expect higher prices, interest rates and taxes to cool the housing ... <- read moreRecord year-to-date sales of existing homes in June, along with double-digit increases in house prices, reflect a still-very-hot Canadian housing market as we reach the midway point in 2007. According to the Canadian Real Estate Association (CREA), … (0 comments)
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lenders: Updated info from Fannie Mae about a declining market - 07/24/07 05:20 PM
I just received a document from the NAREA that was put out by Fannie Mae and it is about the new requirements of lenders responsibilities and Appraiser Responsibilities in a declining market.
The document can be read at: www.efanniemae.com On the RIGHT HAND side of the Home Page is a section *HIGHLIGHTS. … (5 comments)
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lenders: HUD-1 Review - 07/24/07 07:40 AM
I can't tell you how difficult it is to get a Hud-1 prepared and reviewed 24 hours before closing. In this trillion dollar industry must everything still be last minute? Especially purchase closings. First Time Buyers anxiously awaiting figures and you don't have them yet because the closing department hasn't printed … (5 comments)
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lenders: First Frankilin Sub-Prime tightens up! New Guidelines... - 07/23/07 10:07 PM
… (1 comments)
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lenders: HAS THIS HAPPEN TO YOU! - 07/23/07 03:12 AM
I just read a great post by Joe Zapata called The Relationship between a Realtor and a lender how important is it? It is a great post I believe everyone should read it ( I am new to this and I do not know how to link it or I would) … (3 comments)
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lenders: The relationship between a Realtor and a Lender, How important is it? - 07/23/07 01:17 AM
The other day I wrote a post about a situation I had with some buyers and their Direct Lender Calling all lenders and agents, a little insight please.
These same clients asked me a question after these events which was one that I had never really been asked "How important is your … (11 comments)
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lenders: Ontario market continues to be "One Hot Summer" - 07/18/07 11:58 AM
TORONTO, July 18 /CNW/ - July has started swiftly, with 3,947 sales to date, TREB President Donald Bentley announced today. This mid-month total is up 21 per cent over last July's 3,251 sales.
"While it is too early to speak of a July record (currently the record is 8,084 sales recorded in … (0 comments)
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lenders: TransUnion report, the impact of your credit score on the true cost of your mortgage - 07/18/07 10:16 AM
Personally I think it is just as much an issue of lack of education on the part of the client's Lender as it is lack of knowledge on the part of the respondents. Regardless the "price matrix" as a result of your Credit Score can cost the YOU thousands of dollars in extra … (1 comments)
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lenders: More on Toronto's tax (NOT) & cottage prices go through the roof - 07/18/07 08:12 AM
Miller's tax push fails by a single voteGlobe and Mail - CanadaDespite the dire warnings of possible service cuts and tax hikes, Mr. Ashton said last night the deferral was necessary to get the Toronto Real Estate Board ...
Cottages prices going through the roofCanoe.ca - CanadaThe average price for a piece … (2 comments)
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lenders: Some things our clients should know when going through closing! - 07/17/07 10:02 PM
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lenders: What happened to Toronto's proposed 100% increase the Land Transfer Tax? - 07/17/07 07:54 AM
Tax attack launched <-click here to read moreToronto Sun - CanadaPalmer noted a small number of people -- those "trying to achieve the Canadian dream" -- will bear the brunt of the "unfair tax." For every real-estate ...
Two new taxes vital for Toronto <-click here to read moreToronto Star - Ontario, … (0 comments)
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lenders: Don't Believe Every Rate You See! - 07/13/07 10:44 AM
Don't Believe Every Rate You See!If you're a savvy consumer, I'm sure you've seen many nationally-branded companies advertising ridiculously low rates. (For example: Ditech, Quicken, etc) Despite the fact that rates have hovered near extraordinary lows for an extended period of time, many of the largest national lenders routinely tout rates … (9 comments)
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lenders: 3 reports on the health of the Canadian Real Estate Market - 07/13/07 08:15 AM
Canadian Housing Market Gathers Momentum As US Market SlumpsMoney Morning - USARoyal LePage Real Estate said in its quarterly report that the average Canadian house price is expected to rise by 9.5% to reach $286775 by the end of this ...
June a record month for Canadian home buyingToronto Star - Ontario, … (1 comments)
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lenders: Should "As Is" properties be immune from FHA loans? - 07/12/07 11:39 AM
Well there are new programs coming aboard all the time and even FHAhave introduced some new loans for 1st time buyers. The NEIHAMA program is another program that will gift back 6% total for down payment and closing costs. But if a home is being sold "as is" that does … (2 comments)
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lenders: Stone Creek Funding is gone too?!?! - 07/12/07 09:53 AM
I received this e-mail and thought I would share...
I am very sorry to announce that Morgan Direct, formerly known as, Stonecreek Funding has closed its doors. For those of you that I have had the opportunity to work with I would really like to apologize. I know it is hard enough … (2 comments)
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lenders: 10 Options A Homeowner Can Choose From To Get Out of Foreclosure - 07/11/07 12:39 PM
It is difficult enough for a homeowner to deal with the typical causes of a foreclosure, (i.e. divorce, job loss, chronic illness), these circumstances alone are often overwhelming. In spite of this, a homeowner should try to find the time to muster the energy to begin to evaluate the options … (0 comments)
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lenders: Attractive, Flexible Financing Options for Non-traditional Buyers - 07/10/07 04:43 PM
Attractive, Flexible Financing Options for Non-traditional Buyers by Frank SchiefelbeinIf your clients are self-employed entrepreneurs, investment property buyers or in the market for a second home, choice in lenders has historically been limited. Now, thanks to an innovative program, Countrywide Home Loans offers you and these non-traditional home buyers competitive financing … (1 comments)
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lenders: News Updates You Can Use July 10 2007 - 07/10/07 02:05 PM
Periodically, I come across news that I think is really useful or informative that I think is good enough to share with all of you. here's a few good ones!
Where Housing Prices Are The Most Likely to Fall
By Lauren Baier KimMost overvalued U.S. marketsAs the housing slowdown continues, which state has … (0 comments)
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lenders: Bank raises rate by 1/4 percentage point to 4 1/2 per cent - 07/10/07 10:42 AM
Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent resulting in all major chartered Bank raising their Prime Rates to 6.25%
OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 … (0 comments)
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lenders: The 10 Biggest Mistakes When Refinancing - 07/09/07 11:17 AM
The 10 biggest mistakes when refinancing1. The new interest rate does not justify the refinancingBefore you go ahead and refinance your mortgage, you have to make sure that the change will save enough to justify the whole process of refinancing. As a rule, if the interest rate does not decrease by … (5 comments)
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lenders: Poor customer service should be against the law! - 07/08/07 07:34 PM
There is nothing worse than having to experience poor customer service! We as professionals are involved with total customer service and satisfaction everyday weather we are meeting in person or talking on the phone to lendersand clients. It makes me furious to get on the phone with the cable or phone … (7 comments)
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lenders: "No Brokers Please" Reads the ad. So I ask "What is the benefit to you to exclude brokers?" - 07/08/07 05:21 PM
I know that it's Sunday, the seventh day, the day of rest, but I read this posting on www.craigslist.org and late last night I saw the ad for a condo and it said in ALL CAPS "NO BROKERS PLEASE". So, I just had to find out why he was excluding brokers.
Any guesses … (50 comments)
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lenders: Paying Your Bills On Time or Tarnish Your Reputation - 07/04/07 12:02 PM
Paying Bills and Your Mortgage on Time in Maryland, Harford County, Baltimore
Paying bills late or otherwise you may be tarnishing your reputation. Expecially if you are Buying a Home in Maryland, Harford County, Baltimore County, City. Companies called credit bureaus prepare credit reports for use by lenders, employers, insurance companies, landlords … (0 comments)
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lenders: Protecting Consumers from predatory Lenders - 07/03/07 09:37 AM
UPDATE ON PREDATORY LENDERS
As a member of the National Association of Realtors I think it is important that you know that we are fighting to protect all of you from abusive predatory lending. You have heard me talk about this before and I want you to know that we continue to … (1 comments)
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lenders: Lenders Practices and Consumer Awareness - 06/30/07 04:05 PM
Over the last several years Arizona has had incredible gains in appreciation. So many people and investors thought 48% appreciation would continue forever. With the rate we were headed no one moving to Arizona would be able to afford a home. Arizona is home to mainly service industries... so who can … (0 comments)
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lenders: Lenders Practices and Consumer Awareness - 06/30/07 04:05 PM
Over the last several years Arizona has had incredible gains in appreciation. So many people and investors thought 48% appreciation would continue forever. With the rate we were headed no one moving to Arizona would be able to afford a home. Arizona is home to mainly service industries... so who can … (0 comments)
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lenders: Lenders Practices and Consumer Awareness - 06/30/07 04:04 PM
Over the last several years Arizona has had incredible gains in appreciation. So many people and investors thought 48% appreciation would continue forever. With the rate we were headed no one moving to Arizona would be able to afford a home. Arizona is home to mainly service industries... so who can … (0 comments)
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lenders: Lenders Practices and Consumer Awareness - 06/30/07 04:01 PM
Over the last several years Arizona has had incredible gains in appreciation. So many people and investors thought 48% appreciation would continue forever. With the rate we were headed no one moving to Arizona would be able to afford a home. Arizona is home to mainly service industries... so who can … (4 comments)
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lenders: Happy Canada Day! - 06/29/07 09:27 AM
The Maple Leaf Forever!
It was over 40 years ago, in 1965, that Canada's distinctive maple leaf flag flew for the first time. Then, as now, the flag had its supporters and detractors. But few realized what a powerful and positive symbol our Canadian flag would become.
Though we endlessly debate our … (3 comments)
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lenders: Rate Lock Duration - 06/28/07 12:53 PM
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lenders: Toronto REALTORS® Tell City that 100% Land Transfer Tax Increase is Unfair - 06/27/07 04:49 PM
TORONTO, June 27 /CNW/ - The Toronto Real Estate Board has told the City of Toronto that its proposal to charge a second land transfer tax treats home buyers unfairly. TREB's comments were made in a formal presentation to the City's Executive Committee earlier this week.If the City moves forward with … (2 comments)
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lenders: Ontario housing markets defy industry expectations....push sales and prices to new heights says RE/MAX - 06/25/07 10:43 AM
Transmitted by CNW Group on : June 21, 2007 06:00
MISSISSAUGA, ON, June 21 /CNW/ - Despite concerns over a higher Canadian dollar and its impact on the province's manufacturing sector, housing markets across Ontario continue to perform above and beyond industry expectations, according to a report released today by RE/MAX Ontario-Atlantic Canada.Stronger than … (0 comments)
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lenders: Kane County St. Charles Information - 06/22/07 04:15 PM
The Chamber hosts our own special events for the benefit of our members. These are:
The Annual Charlemagne Awards dinner is held every January. This formal event highlights the best in the community with awards for civic and humanitarian efforts and community improvements to business. The final award of the evening is … (1 comments)
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lenders: Broaden Your List of Satisfied Customers, Handle Rural Sales - 06/22/07 03:48 PM
Broaden Your List of Satisfied Customers, Handle Rural Sales by Frank Schiefelbein http://www.frankforhomeloans.com
Do you hear from buyers who dream of a house in the countryside? Are there small communities surrounding your metropolitan area that entice former city-dwellers to stop and smell the clover? When the time comes to sell the family … (0 comments)
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lenders: Of Pools and Puddles... - 06/22/07 11:18 AM
Long term mortgages and the rates and terms they carry are determined by a couple of different factors.While many people mistakenly think the Fed's control mortgage rates they are in fact determined by Mortgage-backed securities (M.B.S.).M.B.S.'s are created by pooling loans and selling bonds with coupons based on the mortgage … (0 comments)
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lenders: Beware of the "No experience necessary" - 06/22/07 08:12 AM
I just read a blog about drive threw mortgage companies and it has stirred my pot! I had worked for a mortgage company while I was studying for my Real Estate exam. This company was such the scam-mer to it's employees! It is so awful that even with employment you have … (2 comments)
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lenders: Insist they need a REALTOR® but when it comes to...... - 06/22/07 07:10 AM
I have always operated my business on one simple premise. Give the client as much credible information as possible, so that they can make the best educated decision, at the time in which they have to make it.
Regardless of recent minor fluctuations, we are still at historically low mortgage rates even at the current discounted rates … (3 comments)
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lenders: An Outlook for U.S. & Canadian Interest Rates to 2020 - 06/21/07 10:09 AM
TD Bank Financial Group has just released a TD Economics Special ReportTHE SHAPE OF YIELDS TO COME: AN OUTLOOK FOR U.S. AND CANADIAN INTEREST RATES TO 2020Highlights include:Financial markets are currently fixated on the recent rise in bond yields, but U.S. rates have....Looking ahead, interest rates will fluctuate over business cycles … (0 comments)
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lenders: You Be The Judge! Unethical or Nature of The Business?? - 06/20/07 10:59 PM
I'm days away from closing a deal that is now 3 weeks delayed. Las Vegas has a major buyers market going on, so trying to get the buyer to pay late fees for the delay is out of the question. We can live with that.
I represent the seller. Buyer is obtaining a … (27 comments)
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lenders: Home resales up 24 per cent in first half of June - 06/20/07 08:08 AM
TORONTO, June 19 /CNW/ - During the first fifteen days of June, resale home transactions jumped 24 per cent compared to the same time frame a year ago, Toronto Real Estate Board President Dorothy Mason announced today.
The first half of the month yielded a remarkable 5,074 sales, an increase of … (1 comments)
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lenders: 2 more sub-prime lenders are GONE, GONE... - 06/19/07 10:29 AM
According to ml-implode.com,
THE MORTGAGE WHAREHOUSE based in Clearwater, Florida, had ceased lending operations. based in Clearwater, Florida, had ceased lending operations
also, FIRST STREET FINANCIAL. Their voice message says they are shut down as of June 15th. They were a sub-prime lender here in the Mid-West.
I don't know about you....but I … (7 comments)
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lenders: Mortgage Rate Update --- Interest Rates Change Daily - 06/18/07 03:50 PM
This is not spam! So, whoever flagged my last weeks blog as spam. Please don't!!! Post a comment if you have a problem with my posts!
… (2 comments)
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lenders: On average, households spent more than $11,000 on renovations - 06/18/07 03:08 PM
OTTAWA, June 14 /CNW Telbec/ - Approximately 1.5 million households in 10 major Canadian centres surveyed(1) indicated they completed renovations last year, costing an average of more than $11,000, according to the new Renovation and Home Purchase Survey(2) released today by Canada Mortgage and Housing Corporation (CMHC).
"More than $17.3 billion was … (1 comments)
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lenders: The Right Stuff - 06/14/07 02:48 PM
Below is one of my many self promotion idea's that I mail out.
What out of the box self promotion idea's do you have?
Is it a mail piece, a drop off, a voice mail, a thank you for your business?
Let's see what everyone comes up with, maybe we'll have a winner.
I'm always up for … (0 comments)
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lenders: Reverse Mortgages: Financing the Golden Years - 06/14/07 01:44 PM
Seek a Qualified Mortgage Consultant to Ensure the Best Results
Reverse Mortgages:Financing the Golden Years
By Frank Schiefelbein, Home Loan ConsultantCountrywide Home Loans
St. Charles, IL - Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only … (0 comments)
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lenders: Is the Sky Falling? - 06/13/07 01:13 AM
As the president of Equity Advantage Mortgage Corporation, an established broker and insider to the mortgage lending industry with a background in economics, I am concerned about the media portrayal that the residential industry is on the brink of implosion. Certainly, there have been the poster-child lenders whose loose underwriting in the sub-prime markets have … (7 comments)
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lenders: In a word 'Honesty!' - 06/12/07 06:58 PM
Let's talk about honesty today. Yes I know this isn't the first time and I'm sure it won't be the last time that I address this topic. The problem is that during the past 10 days I've encountered a few situations that made my head spin.
First I can't stress enough how … (0 comments)
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lenders: A Gentleman offers you $11,000 for your medium coffee - 06/12/07 06:21 AM
Just imagine - as you're going through your favourite coffee drive-thru this week - that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We'd take the cash. It's not so far-fetched. In fact, if you take that coffee budget and apply it to … (3 comments)
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lenders: Understanding the Pros and Cons of the Short Sale - 06/11/07 02:30 PM
Homeowners facing foreclosure in California have approximately 120 days from the Notice of Default (about 4 months) in order to resolve their outstanding mortgage debt. When a homeowner finds themselves in this situation, the most proactive step a homeowner can do is to act in a timely manner to get … (0 comments)
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lenders: Mortgage Rate Update --- Dealing with Debt After Retirement - 06/11/07 11:13 AM
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lenders: Foreclosure – Sorting Through the Good, the Bad and the Ugly - 06/11/07 10:47 AM
What do Clint Eastwood and a homeowner in foreclosure have in common? A homeowner needs to have the same grit and tough determination as Mr. Eastwood to sort between the “good guys” and the “bad guys” even though their circumstances might indicate otherwise.
“Let the Buyer Beware” has been … (0 comments)
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lenders: Full LONG List of the "Imploded" Lenders! - 06/11/07 10:45 AM
CREDIT: THIS IS THE Mortgage Lender Implode-O-Meter - TAKEN FROM http://ml-implode.com/. A GREAT WEBSITE WITH A WEALTH OF INFORMATION!! PLEASE CHECK IT OUT!
Our list of lending operations that have "imploded" (see also ailing lenders). "Imploded" is somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, … (24 comments)
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lenders: Freddie Mac Primary Mortgage Market Survey - 06/11/07 03:16 AM
Information herein is deemed reliable but is from 3rd
parties and is not guaranteed
Please visit KauaiRocks.com for
extensive additional information
including mortgage information from Western Paradise Financial who offers home
loans in Hawaii through Countrywide, the largest mortgage lender in the nation.
… (2 comments)
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lenders: Foreclosures- The Flip Side of Easy Lending Practices - 06/08/07 04:09 PM
For many homeowners who are not watching real estate market trends on a daily or weekly basis, the barrage of articles regarding the increase of foreclosures doesn’t seem to make any logical sense. What many of these homeowners were not aware of was the lending industry’s trend in relaxing the … (0 comments)
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lenders: Foreclosure- Why Lenders Are Reaching Out To Assist Struggling Homeowners - 06/08/07 08:03 AM
As home foreclosures begin to mount throughout the country, mortgage companies are becoming increasingly proactive by sending letters, making phone calls and in some cases even knocking on doors to let struggling homeowners know : They'd rather modify a loan than foreclose on the home.
According to an Associated Press … (0 comments)
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lenders: What is The Foreclosure Process in California? - 06/08/07 08:02 AM
The California home-buying process usually involves the use of the deed of trust, which by its legal definition involves three parties; the trustor (borrower), the beneficiary (lender), and the trustee (neutral third party receiving the right to foreclose). The deed of trust usually includes a "power of sale" clause that … (1 comments)
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lenders: Financial Documents A Homeowner Needs For A Successful Foreclosure Workout - 06/07/07 04:02 PM
Once a homeowner in foreclosure begins working with his lender, he or she will be asked for several financial documents in order to assess the homeowner’s current situation, what was the cause of the default and what type of workout can be accomplished. The reason a homeowner needs to provide … (1 comments)
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lenders: Buyer Beware! 3 Foreclosure Scams and How to Spot Them - 06/07/07 12:01 PM
If at any time the adage of “Let the buyer beware” were applicable, it would certainly be when a homeowner is experiencing foreclosure. Distressed homeowners undergoing foreclosure are often approached by less than ethical business people (lenders, financial advisor and/or realtors) that are more interested in their own financial gain … (1 comments)
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lenders: Foreclosure- When Ignorance Is Not Bliss - 06/07/07 11:49 AM
We’ve all heard the saying “ignorance is bliss”; but purchasing a house or condominium with this attitude may be until the collector starts sending a homeowner those inevitable letters and they receive phone call after persistent phone call from their loan servicer regarding their late payments. While most people associate … (0 comments)
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lenders: Get Ready...Foreclosure Tsunami Predicted by New Study - 06/07/07 10:58 AM
While various real estate market prognosticators have been projecting their opinions on what the coming foreclosure market will be and everyone needs to weigh in on the debate, the conversation is taking a new turn as Cristopher L. Cagan, director of research and analytics at First American CoreLogic Inc. – … (0 comments)
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lenders: Facing Foreclosure? Benefits of Maintaining a Positive Attitude During Tough Times - 06/07/07 08:00 AM
It should be obvious to most people that any homeowner who is undergoing foreclosure didn’t want to be there! While most people can identify the root causes of foreclosure as financial hardships caused by loss of a job, accident, injury, chronic illness or divorce, these added pressures and a negative … (0 comments)
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lenders: How to Save Your Home From Foreclosure - 06/07/07 12:09 AM
The great American dream of homeownership is what many in the United States diligently strive after. While homeownership brings a host of benefits, no one will argue that you take on an equal amount of responsibilities when you purchase your home. In the current real estate market, becoming a homeowner … (2 comments)
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lenders: Habits - Gotta Love Them - 06/06/07 07:31 PM
I am a person who has difficulty with change. I need routine and continuity in my life, or I tend to become somewhat overloaded which transitions to frazzled.
As my focus is on building my business, which with it comes necessary change, I try to remind myself of the following I … (2 comments)
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lenders: Rental Vacancy Rates are at Historically High Levels - 06/06/07 10:29 AM
While the trend in rental apartment vacancy rates has plateaued in recent years, vacancy rates are at historically high levels thanks to low monthly ownership carrying costs, high apartment completions and a loss of migrants to urban centers in western Canada according to Ted Tsiakopoulos, CMHC's Ontario Regional Economist.
Read the rest … (0 comments)
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lenders: New laws arriving in Oregon, Colorado - 06/05/07 06:30 PM
Originally posted on HomeFinancingNews.com
As the repercussions from the subprime collapse continue, more states are focusing on legislation which they feel will protect the consumer and strengthen the anemic mortgage industry in their region.
We’ve previously reported on emerging legislation in Massachusetts, Maine and Indiana. Now Oregon is joining the fray … (0 comments)
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lenders: Mortgage Rate Update --- Preparing Your House for the Market - 06/04/07 02:47 PM
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lenders: Could your R.E. market benefit from the strongest dollar in almost 30 years? - 06/04/07 07:52 AM
What other American markets could benefit from the strongest Canadian dollar in almost 30 years?
Canadians start to put that high loonie to workDramatic run-up in the dollar means business can now look for bargains
Mark Zilbert, a former Montrealer who now runs a real estate agency selling million-dollar condos in Miami Beach, … (0 comments)
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lenders: Realtors vs. Lenders - The Eternal Battle - 06/03/07 11:25 PM
I had lunch with my favorite title company rep last Friday and she was telling me about a seminar she attended that was a "loan officer bootcamp" sponsored by a local mortgage broker.
The seminar was designed to provide marketing strategies, etc to newer loan officers, but also provided a surprise … (8 comments)
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lenders: What in the World is going on in this Real Esate Market? What do we advice our clients? - 06/03/07 11:24 AM
What in the World is Going on?
It should be no surprise to most of us that there is a market correction going on right now in real estate. In Southern California our property values have nearly tripled in six years. Our homes appreciated in value faster than the price of … (0 comments)
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lenders: Disappearing Lender-Part 3 - 06/02/07 11:52 AM
Believe it or not we closed this transaction of Thursday. My buyers decided to dump his lender (broker) and worker directly with a local bank. They found two local banks that will work with them even though they are from out-of-state.
I want to give John Wickcliffe at First Citizen a great big "THANK … (2 comments)
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lenders: No Down Payment is a very simple concept - 06/01/07 07:31 AM
In Canada we have exceptional no down payment programs which I use quite often to satisfy the needs and expectations of not only first time buyers but also more seasoned purchasers alike. With recent revisions and improvements to the program, it is now possible to arrange 100% at what we deem "fully discounted rates" (up … (16 comments)
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lenders: Flexible Loans Benefit Self-Employed & Investment Property Buyers - 05/31/07 01:43 PM
Flexible Loans Benefit Self-Employed & Investment Property Buyersby Frank SchiefelbeinAre you a self-employed business success? Are you in the market for that special second home you've worked long and hard to afford? Perhaps you are thinking about a condominium that will provide you with a vacation destination and rental income? Countrywide … (0 comments)
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lenders: Differences Between Brokers and Lenders: Another View - 05/31/07 11:33 AM
The difference between Mortgage Brokers and Mortgage Lenders is often times very subtle, and generally transparent to most borrowers. However, understanding how they differ is important when selecting a company to handle this very important aspect of your home buying process. Before we begin, let's take a moment to clarify the … (0 comments)
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lenders: Mortgage Rate Update --- The Home Equity Line of Credit - 05/31/07 10:03 AM
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lenders: URGENT URGENT FOR ILLINOIS HOME LENDING - 05/30/07 03:08 PM
ALL of you NEED to contact your representatives in the legislature IMMEDIATELY! Read this.
Speaker Madigan has moved HB1478 and HB4050 Rules into one piece of legislation, SB1674, sponsored by Representative Joe Lyon, to make it an issue that will go through the House and Senate before the end of the day, May 31. If … (0 comments)
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lenders: Bank of Canada Announcement - 05/29/07 02:08 PM
OTTAWA- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.Information received since the April Monetary Policy Report Update (MPRU) indicates … (0 comments)
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lenders: “Subject to sale” clause requires a reality check - 05/29/07 06:22 AM
It's been a ball, hasn't it? The real estate market has been so hot for so long, we can hardly believe what houses are selling for these days. Everyone's got a story about a friend or neighbour who got some fantastic price for a home. However there are some down sides … (2 comments)
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lenders: Getting the Best Interest Rate on Your Home Loan? - 05/25/07 11:13 AM
Getting the Best Interest Rate on Your Home Loan?
A Qualified Mortgage Consultant Can Help Boost Credit Scores
By Frank Schiefelbein, Home Loan ConsultantCountrywide Home Loans
St. Charles, IL - Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay … (0 comments)
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lenders: Lenders, Mortgage Brokers, Mortgage Bankers...will they survive? - 05/24/07 09:31 PM
With all the media information being fed into each home almost on a daily basis by our wonderful local news paper, I am wondering if the Lenders, Mortgage Brokers, Mortgage Bankers...will they survive? That's right, you heard my question loud and clear. I can remember when your local Bank was the … (7 comments)
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lenders: Why REO Managers should use the Auction Method to Liquidate Properties - 05/24/07 09:23 PM
Frederick, MD. - Advantage Real Estate Auction Sales, LLC. a local real estate auction firm based in Maryland is pleased to announce its involvement with local Loss Mitigation, and REO asset managers to assist them with liquidating under-productive inventory.
Our full service marketing team understands the needs of REO managers. Their portfolios are filled with … (0 comments)
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lenders: What consumers should know before they consider buying a home. - 05/23/07 07:16 PM
Chrystina Tovani specializes in the sale and financing of Single Family Homes, Condos, Townhomes, and Income Properties, in Sacramento. Sacramento Agent, Chrystina Tovani, assists first time home buyers as well as home buyers and sellers of higher end properties. Whether you are moving up or into your first home, Chrystina will guide you … (0 comments)
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lenders: Loan Status Update - 05/23/07 05:05 PM
In Arizona we have a Loan Status Report that is to accompany an offer and it is filled out by the lender to say this buyer has/hasn't completed an application, a tri-merge credit report has/hasn't been examined, etc.
There is also a Loan Status Update report that can be requested by the … (1 comments)
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lenders: Why REO Managers should use the Auction Method to Liquidate Properties - 05/23/07 09:11 AM
Baltimore, MD. - Advantage Real Estate Auction Sales, LLC. a local real estate auction firm based in Maryland is pleased to announce its involvement with local Loss Mitigation, and REO asset managers to assist them with liquidating under-productive inventory.
Our full service marketing team understands the needs of REO managers. Their portfolios are filled with … (1 comments)
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lenders: Guess Who's Selling Your Personal Information - 05/22/07 12:52 PM
Looks Who's Selling Your Personal Information Your think your personal financial information is private, right? Think again! The major credit bureaus have found a new profit center, and it's selling your personal financial information. When you apply for a mortgage, within 24 hours you will start receiving phone calls from … (2 comments)
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lenders: Lenders are really getting tough - 05/22/07 11:16 AM
I read an article from the wall Street Journal, and it really set me back saying I told them so. I have been saying for quite sometime that they will have to tighten things up. I guess they were saying a doctor was looking to purchase a 1.5 million dollar house … (0 comments)
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lenders: Mortgage Rate Update --- Intermediate Fixed Rate Loans - 05/22/07 10:14 AM
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lenders: Confidential Mortgage Application for Maryland Home Buyers, Renters - 05/21/07 10:07 PM
Confidential Mortgage Application For Maryland Home Buyers, Renters
Obtain the Best Rates & Lowest Closing Costs in Maryland, Baltimore, Harford, Cecil County
When you are ready to purchase a home in Maryland, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective … (0 comments)
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lenders: Floors & Ceilings - 05/21/07 06:25 PM
I wanted to show an interesting chart as of today.If you are familiar with stocks and stock charts you know that the prices of those stocks tend to fluctuate between specific ranges.Over a period of time it is easy to see what traders call a Floor or a Ceiling.For a stock … (0 comments)
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lenders: What Do Underwriters Really Do? - 05/21/07 03:45 PM
What Do Underwriters Really Do? By Frank SchiefelbeinAsk most people on the street what an underwriter does and you'll get a variety of answers. Some may say " I don't know" or "They underwrite a loan," which essentially gives no information. The dictionary uses the words "to endorse; to sanction or … (1 comments)
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lenders: THE 9 MOST DEADLY FINANCING MISTAKES TO AVOID Part 6 of 9 - 05/21/07 02:33 PM
I recently received this from a friend of mine that is a lender. I thought you might find it useful and informative. I'll break it up into nine sections, so please check back in a few days for the next part. If you missed the previous parts please read them as well. I think you … (3 comments)
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lenders: Ad-Tech San Fransico - 05/18/07 10:55 PM
I returned home earlier this week from Ad:tech San Francisco 2007.
It was a great tradeshow with great energy. Some tend to evaluate tradeshows on the personas and speakers appearing at the event. I personally tend to evaluate tradeshows at the exhibitor levels. The exhibition floors of most tradeshows often … (0 comments)
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lenders: Are Exclusive Leads A Myth? - 05/18/07 10:52 PM
Are Exclusive Leads A Myth?
There’s no such thing as an exclusive internet lead. Sound crazy? There are a LOT of lead companies out there selling them, including Customleadsdirect.
Yes, you can buy exclusive leads. But there’s a little confusion of what you’re getting for your money.
Exclusive leads are … (0 comments)
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lenders: Dont get stuck! - 05/18/07 10:49 PM
Don't Get Stuck With Bunk Leads
It’s a fact with ANY company you get online leads from: some leads you just can’t contact or pull an app on.
Online prospects don’t submit the right information 100% of the time. They mistype their phone number. Or they enter bogus info on … (2 comments)
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lenders: Industry News - 05/18/07 07:15 PM
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lenders: Leads Guide to Purchasing Online Mortgage Leads - 05/18/07 07:10 PM
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Custom Leads Guide to Purchasing Online Mortgage Leads
The Internet has revolutionized the way consumers shop. Enter a search for any product or service, like … (6 comments)
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lenders: Doctor Every Time I do This - 05/18/07 12:51 PM
Doc every time I do this I get a shooting pain down my back. The Doctor's answer is: "then, don't do that". Old joke but it has a lesson, I needed to take a closer look at. In many respects we realtors can get a shooting pain right in the lower … (5 comments)
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lenders: The Ultimate Tool Box - 05/17/07 11:10 AM
How does your tool box look these days? A good tool box, and the tools in it, are crucial to getting any job done right!
What tools do you need for yourself? How about your buyers and sellers? Is your toolbox available online? What new tools are available?This is my ULTIMATE … (22 comments)
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