reii: The Short Sale Losertery - 08/24/09 01:48 PM
It's not a lottery it's a losetery! In a lottery the first tickets sold have as much chance of winning as the last one sold.
Short sale sellers and there listing agents are being advised to submit multiple offers to the bank being shorted! This advice in itself is questionable with … (21 comments)
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reii: In Search Of The Simpatico - 08/21/09 09:00 AM
As my readers know I'm a people centric pragmatist. I believe in total fiduciary to my clients, students and readers. I also believe there is always more than one way. I'm always in search of or evangelizing to the simpatico consumers and professionals.
Active Rain offers us a chance to find … (6 comments)
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reii: Can You Buy A Short Sale - 08/18/09 12:48 PM
Of course you can!
The big question is should you? Do you have the temperament to buy a Short Sale home?
Short Sales, where you buy your home for less than what the seller owes on the property are probably the best buys in real estate since Peter Minuet bought that … (42 comments)
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reii: The Travesty Of Agency - 08/11/09 01:08 PM
Duel agency is a travesty! For more than a hundred years real estate brokers as we know them represented the seller! The agents represented the seller because he paid them, the selling agent was not a buyer's agent! The selling agent was a sub-agent of the listing agent.
Obviously there were … (5 comments)
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reii: Why Junk Fees - 08/10/09 05:25 PM
A friend Jeff Belonger blogged Mortgage Junk Fees - And FHA loans are more expensive!!!!! Trying to explain that today's FHA loans are not your father's FHA loans! Today you have to look at FHA because it may well be the best loan available.
He also got into "junk fees" the … (2 comments)
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reii: Allowed And Allowable - 08/07/09 10:31 AM
Allowed and allowable!
Unquestionable and proveable!
Accepted and acceptable!
Common and rare!
Good and great!
Educated and knowledgeable!
Many among us will realize that "allowed and allowable" are terms most commonly applied to tax law. Allowed is based on statute, the law as written. Allowable is based on case law, the … (4 comments)
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reii: A Great Night - 08/02/09 05:55 PM
Brenda and I were suppose to go to Houston's Theater Under The Stars Friday night to see "Twelfth Night" but it rained earlier and look like it would again. So I was reluctantly resoled to going to going Saturday night to some other long since forgotten Shaksperinan lore. When much to … (9 comments)
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reii: The Myopic Stenotopic Among Us - 07/28/09 07:04 AM
Among us we have so many short sighted, illogical, unadaptable, entitlementist, functionally incompetents that seem willing to commit occupational genocide.
So many are unable to adapt to change, so many would die before accepting that we're all in this tegether! I believe it was little Bennie Franklin that said:"We must all … (2 comments)
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reii: Things Learned From Here To Yonder - 07/27/09 02:43 PM
I try to learn from those I associate with, that's why I like Active Rain. I've been this way all my life, associate with only the best of people and learn and use what I can. I spent 5 days a month for just over a decade with Michigan's CCIM marketing … (7 comments)
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reii: Ability Motivation Attitude - 07/23/09 01:40 PM
"Ability is what you're capable of doing. Motivationdetermines what you do. Attitude determines how well you doit." -- Raymond Chandler
Ability, Earl Nightingale said that "what your mind can conceive of and believe in you are capable of!" Of course there are limitations self imposed limitations! What abilities … (9 comments)
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reii: Home Prices Up But For How Long - 07/22/09 09:27 PM
Housing prices are going up! Yes, up as long as mortgages are artificially low. The question is how long can we borrow trillions for government spending programs and insulate home mortgages from rate increases!
If today's average sale price is $140,000.00 the buyer with 10% down is financing $126,000 and paying … (12 comments)
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reii: Dear Banker Second instalment - 07/17/09 01:29 PM
Dan@frendilybanker.uuu
11:33PM 03-11-09
Dan,
You have to do this I'm entitled!
You don't need any other opinions! De has been a professional REALTOR for 12 years, she's sold almost 18 houses! She'd have sold more except for you bankers!
I read the bloggs!
"That's what the insurance was for! Unbelievable. I … (4 comments)
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reii: Dear Banker The First Exchange - 07/16/09 06:46 PM
Dan@frendilybanker.uuu
8:30 AM 01-017-09
Dear Dan,
Three years ago shortly after our tipplers were born you helped us get into a home big enough for our now six kids. Thanks to your help and that PMI program we got a wonderful home with room enough for the girls an another attempt … (2 comments)
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reii: The Price Of Opportunity PMI/MI - 07/13/09 06:54 PM
Assuming that the average house today cost $170,000.00. Assuming your wife wants a better home for you and just over 2 kids. Assuming you're not still a teenager. Assuming your life is stable. It's time to buy a house!
Assuming you're a first time home buyer or starting over. Assuming you've … (6 comments)
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reii: PMI / MI They Are Not What You Think They Are - 07/12/09 10:49 AM
PMI/MI is very miss understood. PMI/MI does not insure the home owner. PMI/MI is used when the buyer doesn't have the 20% down payment (equity) required by depository lenders. It insures the bank/lender in the event of default that the bank will never suffer a loss any larger than they would … (8 comments)
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reii: Naked Blogging Not Restricted To Home Offices - 07/08/09 03:57 PM
Do you keep your web-cam plugged in? Do you keep your web-cam atop your monitor? Do you forget to shut your web-cams privacy shield?
Do you ever open software programs inadvertently?
Have you considered just how often you're naked on the web? How exposed, how visible you are. Have you ever … (8 comments)
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reii: A PFD For Under Water Home Owners - 07/07/09 10:26 AM
Boaters like home owners never except to be under water, but it happens! Normally at the worst possible time, the most inopportune moment or as my friend from PA would say the worst possible epoch!
In times of peril boaters wear a PFD, Personal Flotation Device. A life preserver!
PDF's can't … (8 comments)
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reii: Three Real Estate Minutes # 9 Strategic Default - 07/06/09 02:18 PM
I stopped posting these short videos because of production problems, I think I' over come those problems. These videos are all on real estate and under three minutes in length.
Today's subject Strategic Defaults been the subject of several recent blogs because a recent study show 26% of defaults to be … (4 comments)
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reii: Dear Home Buying Mortgage Shopper - 06/25/09 04:21 PM
Dear Home Buyer,
Thank you for your inquiry. I'd like to clarify what your looking for.
Your letter indicated you want the lowest rate with the lowest cost! Everyone wants the best deal, the best mortgage, the lowest cost. You're shopping for a bargain. I'm sorry to tell you I can't … (50 comments)
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reii: All life's prolbems can be blamed on mirrors! - 06/24/09 03:04 PM
In the front of my mind and some where in the back of my storage unit I have a photo of me from 1966. Sitting on a counter in the back office of the old "Portgage Herald" the newspaper I worked for in High School and College. That's who I am! … (2 comments)
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