Stop The Insanity RE Downward Spiral Banks Take Note!! The Trickle Down In RE - 12/31/08 11:20 AM
  TRUTH IN LENDING
 
This country is quickly spiraling out of RE economic control. Here is the scenario. House #1 goes into Foreclosure because an ARM and value drops. Bank forecloses and lists the house on the MLS for 55% of the original loan. Now this is where the domino effect starts. Now the neighbors see this house which is comparable square footage lot size etc, to their home. So why should they continue paying on a mortgage that is higher than the property value? Even though they can make the payments the lender will not do a loan modification … (0 comments)

The Rules Have Changed - 12/03/08 10:18 AM
Today's market is a learning experience, everyday the rules change. Just when I think I have it figured out something new drops in. We are rewriting the Real Estate game. Everything from marketing to negotiating a deal. For those out there that think Realtors make easy money, you don't know how stressful and difficult it really is.  My satisfaction comes from truly helping people in this trying time.
 
It is not as it was a few years ago when people "wham bam" made an offer and closed in 30 days or less. The agents and brokers out there today … (1 comments)

Short Sales Not For The Weak Of Heart, Great Deal For Some - 12/03/08 10:13 AM
Banks are beginning to see the best they can do is close the Short Sale and accept the loss. If they don't we have an even greater number of REO's dumped on the already saturated market place which is driving prices even lower. The biggest problem is when asset managers hire their favorite BPO agent to come in and do a BPO in an area they are not familiar with. The lender then sets an unreal price that won't be competitive in the current market. Further slowing down the sale.
 
I have heard Countrywide is hiring more negotiators to help … (0 comments)