Real Problems for North Texas Real Estate Agents
Media hype is killing the mortgage lending industry! I am approving loans every single day..... keep spreading the word. Banks ARE lending money....... Great post by Active Rain legend Tom Burris
No, the sky isn't falling and the credit crunch didn't get worse....!! The problem is reporting like this. Jay Gormley with CBS 11 News pretty much told all of North Texas that they can forget buying a home. The loans are all GONE!!! And if they aren't GONE, then the financing can be yanked out from under the borrower in the 11th hour.
http://cbs11tv.com/local/real.estate.mortgage.2.836975.html <= see the article if you wish
I sent Jay Gormley an email after reading his article.... And he called me within minutes!! A VERY spirited debate ensued and it pretty much ended up with us agreeing to disagree.
I would like to add that as 'spirited' as the chat was, Jay was very respectul and professional.
Now, I do NOT doubt that he did his research.... But after reading the article, what do you think Joe Six-pack is thinking right now? Do you think Joe will even pick up the phone to call a loan officer or realtor? I DOUBT IT!!
We all need to make a concerted effort to show these authors the positive side of all of this. We need to show Joe Six-pack that there aren't any more hoops to jump through than last year!!
Who's with me?!?!?!
Please Re-Blog!!
Tom Burris
DallasLoanGuy.com
Dallas, TX"Your Dallas Mortgage Consultant"
http://www.dallasloanguy.com/
Texas Home Loans Dallas Mortgage LoansI write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!! Subscribe to My Blog and stay informed about current lending changes!!
While I personally focus on Texas Home Loans and First Time Home Buyers.... I do lend in other areas. We are in about 46 States and adding programs to bring full service to an area near you.
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