I've Got Good News and Bad News - 10/28/09 07:19 PM
I've Got Good News and Bad News
, good for many home buyers, bad for all tax payers!

The $8,000.00 tax credit has been extended! This is good for most agents, some home sellers, and selected lucky home sellers.
On the other hand it's going to cost home sellers that have to compete with subsidies sales.
Then there are today's taxpayers their children, Gand children, their Great Great Grand children, and on an on!
 
… (17 comments)

Wisdom Is Timeless - 10/27/09 07:54 PM
Wisdom Is Timeless! Consider the following from the late B. Franklin:
"An investment in knowledge pays the best interest."
"Content makes poor men rich; discontentment makes rich men poor."
"A house is not a home unless it contains food and fire for the mind as well as the body."
"A learned blockhead is a greater blockhead than an ignorant one."
"A place for everything, everything in its place."
"All mankind is divided into three classes: those that are immovable, those that are movable, and those that move."
"Anger is never without a reason, but seldom with a good one. "
… (5 comments)

So how long is my Pre-Approval Good for? - 10/24/09 09:38 PM
I'd have said: READ THE PRE-APPROVAL!  Some are only good until the ink drys.
I just re-blogged Ken Cooks article on pre-approvals, I'm going to do the same with your's people should read and re-read both!
Bill
Via Jason Sardi, Mortgage Banker (FHA-VA-USDA-Conventional-Pennsylvania Loans):
Easy answer, 60 days.  But I guess that depends on what kind of Pre-Approval you received or want for that matter.  Actually, the answer to such a question depends upon three factors:
-  You, as the consumer. 
-  The Buyer's Agent who is helping you find a home.
-  And the quality of the Pre-Approval you receive in the first … (1 comments)

Pre-Approval, Approval, Conditional, Cleared - What the ____?! - 10/24/09 08:58 PM
This post doesn't need allot of additional comment from me. It needs read and reread!
Thanks Ken.
Bill

Via Ken Cook, FHA Home Loans 678-439-8683:
Ancient Mortgage Proverb: No deal is ever 100% certain until the loan is completely paid off.
There exists a chasm in communication, familiarity and point of view between agents and loan officers. Sometimes we try to act like it does not exist and we really wish it was not so. I know this chasm exists, just as you do for many reasons, because I have had real estate agents - very good agents - try to … (2 comments)

Real Estate Success With Things We Know - 10/24/09 02:58 PM

! Yes, many of us have the tools for success from past experience.

You may not have had the honor of being a Marine, but no one has missed John Wayne's movies. Unlike any other service in the free world the United States Marine Corp lives their moto Simper Fidelis! Semper Fi, always faithful! There can be no greater thing said about your broker/agents than they are always faithful!

Many more of us were Boy Scouts. The Boy Scouts moto: Be Prepared! A successful agent must be prepared. With the tools and forms of real estate and the … (6 comments)

Why Real Estate? Of All The Career Choices Why Real Estate? - 10/22/09 07:14 PM
Why Real Estate? Of All The Career Choices Why Real Estate

Think about it! Why Real Estate? What attracted you into a career selling or financing real estate?
It can't be security! Sales are cyclic. Were you misled? The first 17 of the last 20 years just kept getting better. At the same time almost any fool could succeed, at least to their personal standards. So again I ask Why Real Estate? Now that you know the true nature of a career in real estate Of All The Career Choices Why Are You Still In Real Estate?
Why Real Estate?
… (20 comments)

It's The Law - 10/21/09 02:07 PM
This was to much fun not to reblog.
Thanks Garry!
Via Gary Woltal - Associate Broker REALTOR® Dallas Ft. Worth (Keller Williams Realty):
Law of Mechanical Repair:After your hands become coated with grease, your nose will begin to itch and you'll have to pee.Law of Gravity:Any tool, when dropped, will roll to the least accessible corner.Law of Probability:The probability of being watched is directly proportional to the stupidity of your act.Law of Random Numbers:If you dial a wrong number, you never get a busy signal and someone always answers.Law of the Alibi:If you tell the boss you were late for work because … (4 comments)

We're Are Not Bigots / Were Not / We're Not We're Not / Or Are We - 10/20/09 10:22 PM
We're Are Not Bigots / Were Not / We're Not We're Not / Or Are We? Do troubled home owners deserve an chance, any chance?
Is it enough to comply with the Civil Rights Law?

Title VI of the Civil Rights Act of 1964http://www.hud.gov/utilities/intercept.cfm?http://www.usdoj.gov:80/crt/grants_statutes/titlevi.txt
"Title VI prohibits discrimination on the basis of race, color, or national origin..."


The Fair Lending Act is similar.
So you don't discriminate based on race or color and the only time your interested in National Origin is when people can tell you stories of exotic places. So we're legal! No question about it, we're … (2 comments)

Consider the ballot, the power of your vote - 10/20/09 08:52 PM
That's my Brenda!
Register to vote and jump right in!
I love her.
Bill
Via Brenda Archambault (The Real Estate Investment Institute):
Consider the ballot, the power of your vote. Just because this is not a big Presidential year or even election of Congress does not mean you should forget to do your civic duty. This year in Texas there are a number of Constitutional Amendments very important to Texas real estate.
　
Proposition 1 HJR 132 (History of HJR 132) "The constitutional amendment authorizing the financing, including through tax increment financing, of the acquisition by municipalities and counties of buffer areas or … (3 comments)

Strategic Defaulters Unite For Personal Economic Recovery :>) - 10/16/09 03:13 PM
Strategic Defaulters Unite For Personal Economic Recovery!  :>)  Much self serving testosterone saturated bovine dropping have been published promoting the idea that consumers were some how duped into mortgage loans they were to stupid to understand.
Balderdash!

There are only individual humorous antidotal proofs of such causes and only primary and general election results to support the idea of mass idiocy.

For what ever reason we did experience that first wave of foreclosures.  Strategic default has seemingly been forced upon you by the systematic sabotage of your hard earned equity by banks, bankers, appraisers and their regulators, luting … (12 comments)

Hear Me Clearly: First Time Homebuyer's Must Qualify and Offer NOW! - 10/15/09 12:35 PM
$8,000 is quite a motivator!
Of course $8,000 is not always $8,000, but 10% is still very helpful.
Ken's message can't be repeated often enough!
Bill
Via Ken Cook, FHA Home Loans 678-439-8683:
By NOW! I mean if you have not called a loan officer to get qualified, found a property and made an offer you're dangerously close to missing the First Time Home Buyer's Tax Credit. I know what you hear in your mind, "it's good through the end of November." You would, of course, be correct in so saying. Your correctness would be equivalent to leaving New York City for a trip … (6 comments)

FHA Streamline Refinances - New Updates that you should be made aware of on FHA Streamline loans!!! - 10/05/09 04:52 PM
I personally believe our current low rates are here on a day to day basics! If I had an FHA loan I'd be talking to someone about a streamline refinance!
Bill
PS: Jeff it's a good post lets get the word out!
Please don't skip my post to read Jeff's read them both!

Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans (Infinity Home Mortgage Company, Inc):

 
FHA streamline loans are very beneficial in many ways. A few things to keep in mind. FHA streamlines don't take that long, up to 10 days, … (2 comments)

This Above All Be Careful With whom You Speak! - 10/05/09 12:37 PM
This Above All Be Careful With whom You Speak!
"...to thine own self be true;And it must follow, as the night the day,Thou can'st not then be false to any man." 

I will not exchange comments with those I don't respect.
"O horrible, O horrible, most horrible!"

I will not debate those who distort the meaning of words to justified their unjustifiable!
So, haply, slander -Whose whisper o'er the world's diameter,As level as the cannon to his blank,Transports his poisoned shot - may miss our nameAnd hit the woundless air. - O, come away!My soul is full … (9 comments)

Have You Ever Cavorted Naked In The Sun - 10/01/09 03:11 PM
Have you ever cavorted naked in the morning sun?
Have you ever done nothing just laying in the sun?
Have you ever lied naked in awe of all that surrounds you?
Have you ever bared your sole to all that God has done?
Have you ever cavorted naked in the sun?



Have you ever rode a good horse?
Have you ever had a thousand pounds of muscle and heart responding to your thoughts?
Have you ever been responsible for anothers life?
Have you ever cavorted naked in the sun?



Have you ever driven a car … (23 comments)

 
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William J Archambault Jr

Houston, TX

More about me…

The Real Estate Investment Institute

Address: The Real Estate Investment Institute, 448 W. 19TH St. Suite 245, Houston, TX, 77008

Office Phone: (702) 516-1569

Cell Phone: (832) 259-7078

Email Me

Sage real estate and mortgage information, from the man at The Real Estate Investment Institute.

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