fort worth: Bail Out Fannie Mae and Freddie Mac? Should We or Shouldn't We?
- 06/09/11 07:49 AM
The answer to this question is important for consumers and for real estate professionals alike. Please take a moment to watch the video I've embedded below that I'm using with the permission of the guys (Brian Stevens and Frank Garay) at ThinkBigWorkSmall. I think their position on this question is clear and one that I'm in 100% agreement with. Please let me know what side of the debate you're on - and why - in the comments. This is an important discussion worth having and the timing couldn't be better.
… (0 comments)
fort worth: Help For Distressed Military Homeowners!
- 05/31/11 03:08 AM
If you or someone you know is in the military and is having a hard time making their mortgage payments - or has already missed some payments - then they will probably wind up entering the foreclosure process in some way, shape, or form. What those folks in this circumstance NEED TO KNOW is that the Servicemembers Civil Relief Act (SCRA) prevents mortgage lenders from foreclosing on a military member's home, or from issuing a default judgment, if the default has occurred while the service member is serving active duty overseas during a time of war (which is now). Note: To … (0 comments)
fort worth: Attention Fort Worth and Dallas Home Buyers! Freddie Mac Currently Offering Great Home Buyer Incentives!
- 05/23/11 05:05 AM
If you live in Fort Worth or Dallas and are planning on - or thinking about - purchasing a home, then you need to pay close attention! Freddie Mac (one of the large institutions that owns a large amount of the current inventory of bank-owned properties) is offering some tremendous buyer incentives to try to help get some of their current inventory sold. Specifically, they are currently offering three incentives to help buyers choose to buy their homes through Freddie Mac: 1. They will pay up to 3.5% of your closing costs. 2. They will pay for a two-year Home Warranty. 3. … (0 comments)
fort worth: Here We Go Again! Big Banks Being Hypocritical! Seeing The Trend?
- 05/22/11 03:15 AM
Had to post this today as I ran across a good post on the Short Sales Superstars site that updates a theme of mine that points out how HYPOCRITICAL our leading financial institutions are or can be. My specific topic - that I've done previous posts on ActiveRain about - is that banks constantly point out the "moral hazard issue" or the fact that homeowners would be immoral if they decided that it would be best for their personal and financial interests if they walked away from mortgages and properties that were deemed to be too far upside down. And then … (4 comments)
fort worth: Beautiful Home For Sale - Fort Worth, Texas 76107 - 3808 Calmont Ave.
- 05/12/11 10:42 AM
This charming cottage is located in the Cultural District on the near west side of Fort Worth. Near TCU, the University of North Texas Health Science Center, dining, shopping, highways, etc. On a beautiful treed lot, this home has hardwoods throughout; tile and vinyl in the bath and kitchen. This property has had first class care and feeding and is ready for a "picky buyer" to move right in. Check out the following pics:
Link to more details - Full Customer Report Note: You can click on the … (0 comments)
fort worth: A Home Is Not a Hole!
- 05/11/11 05:19 AM
This post is directed at folks who are in financial distress - in general - and is particularly directed as folks who are in mortgage distress. I just got done watching a great YouTube video featuring Suze Orman. The video is from 2007 but is absolutely relevant to today. In the video, Suze was speaking with a Realtor from southern California who was in financial and mortgage distress due to the market downturn that has impacted all Realtors in one way, shape, form, or another. The video is a little long (9 minutes 14 seconds) but absolutely worth it to watch. … (2 comments)
fort worth: Bank of America Short Sale? FAIL! Not!!
- 05/10/11 02:20 PM
Background: I belong to several different professional networking groups that are focused on real estate short sales. There are lots of different perspectives presented amongst these groups by buyers, sellers, agents, third party negotiators, buyer's lenders, title company escrow officers, etc. It was always my experience that the vast majority of all these different stake holders had a common experience in dealing with Bank of America (B of A) and that was A BAD EXPERIENCE. In very few instances would you hear of a positive experience. And when you did, they were so far and few between, you kind of thought that something had gone … (4 comments)
fort worth: Texas Veteran Home Buyers - Get A Great Loan Rate (Currently 4.4%)!
- 05/09/11 03:59 PM
The Texas Veterans Land Board (TVLB) is the organization responsible for offering terrific loan programs to Texas veterans. The program is not related to the VA loan program and having a loan through the VA does not disqualify a veteran from getting another loan through the TVLB. There are some qualifications required for the program, some of which are the home must be: The veteran's primary residence Located in Texas A single family attached or detached home, townhome, condo, or planned unit development Duplex or other multi-family units must have been constructed at least 5 years prior to loan closing Manufactured/modular … (0 comments)
fort worth: Learn To Be a Short Sale Expert - Part 2
- 05/08/11 11:17 AM
Friends, a few days ago I did a post about getting some free training on doing short sales. I had just watched the first video in a four video short sales training series done by Mark Stafford and was impressed. I actually don't even remember how I happened upon the video at this point - to be honest. The training is nothing slick or fancy but is full of meat and potatoes. FYI: Mark is a licensed agent in Phoenix Arizona who has listed and sold many short sales in that metropolitan area. He's done them with and without the infamous … (2 comments)
fort worth: Latest on Mortgage Electronic Registration Systems (MERS) Chain of Title Problem (Fiasco?)
- 04/18/11 03:09 AM
Latest on Mortgage Electronic Registration Systems (MERS) Chain of Title Problem (Fiasco?) Ran across a good video this morning of Nancy Becker who is the Montgomery County Recorder of Deeds in Pennsylvania. The video shows Nancy explaining why she thinks the MERS mortgage/deed of trust recording IS A PROBLEM for homeowners and tax payers. Here's the video.
This informative video got me wondering about knowing the latest about the opinion on the other side of this argument. So, I went to the MERS website and checked out the latest on what their saying about this issue. Apparently, in our … (0 comments)
fort worth: Short-Term Home Buyer - Get Your Loan Figured Out First!
- 04/12/11 04:09 AM
Short-Term Home Buyer - Get Your Loan Figured Out First! If you or anyone you know is in the market to purchase a home, the first thing they should do is determine the financing that is going to be used. If a cash buyer, this is not a complicated or lengthy step. However, if one is going to be getting a loan, especially if a first-time homebuyer, getting with an experienced loan professional is CRITICAL STEP. Just ask those folks who either through haste, ignorance, fraud, some combination of all these factors - they purchased with the loan solution that was NOT … (0 comments)
fort worth: Craving A Good Burger? Near Fort Worth, TX? I Know Just The Place To Satisfy That Urge!
- 04/07/11 08:08 AM
Craving A Good Burger? Near Fort Worth, TX? Know Just The Place To Satisfy That Urge! Even though I try to eat healthy (less red meat, more poultry, fish, lean cuts of pork and beef, etc.) most of the time, being a "baby boomer" - I still get a a real, deep-down craving for a good burger every so often. So do most folks that I know.
So...if you're having that craving and need a good place to satiate the urge, I've found just the place if you're anywhere withing striking distance of the West side of Fort Worth, TX. … (1 comments)
fort worth: Dirty Little Secret? How Real Estate Agents Sell Their Homes For More!
- 03/23/11 03:31 AM
Dirty Little Secret? How Real Estate Agents Sell Their Homes For More! Of course the title to this post is meant to catch everyone's (someone's?) attention - duh! But, the intention is to not only get your attention BUT TO ALSO INFORM. It's long been a myth amongst homeowners that real estate agents/Realtors sell their personal homes for more than they sell their client's homes for. The thinking is that the agents just want to make a quick sale and get to their commission when it's their buyer's homes on the block; but, when it's their personal homes and equity at … (6 comments)
fort worth: Freddie Mac's Foreclosure Myth #5: Get the Facts on Foreclosure
- 03/22/11 05:20 AM
Freddie Mac's Foreclosure Myth #5: Get the Facts on Foreclosure Synopsis: Myth #5 addresses a worried homeowner's concern about their lender's not responding to their request for help and/or information. They're thinking they should just give up and "walk away"! Details: As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data. One of the best current resources on foreclosure information is Freddie Mac. No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) … (2 comments)
fort worth: Freddie Mac's Foreclosure Myth #4: Get the Facts on Foreclosure
- 03/22/11 05:05 AM
Freddie Mac's Foreclosure Myth #4: Get the Facts on Foreclosure Synopsis: Myth #4 addresses a worried homeowner's concern about the flood of offers they are (or will be) deluged with. Whom do you listen to if you want/need help? Details: As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data. One of the best current resources on foreclosure information is Freddie Mac. No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) about … (0 comments)
fort worth: Freddie Mac's Foreclosure Myth #3: Get the Facts on Foreclosure
- 03/22/11 04:24 AM
Freddie Mac's Foreclosure Myth #3: Get the Facts on Foreclosure Synopsis: Myth #3 addresses a worried homeowner's concern about whether (or not) they can lose their home if they've only missed one mortgage payment. Details: As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data. One of the best current resources on foreclosure information is Freddie Mac. No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) about 66% of all real estate mortgage … (4 comments)
fort worth: Freddie Mac's Foreclosure Myth #2: Get the Facts on Foreclosure
- 03/22/11 04:08 AM
Freddie Mac's Foreclosure Myth #2: Get the Facts on Foreclosure Synopsis: Myth #2 is about whether (or not) homeowners should stop making their mortgage payment in order to get mortgage assistance. Details: As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data. One of the best current resources on foreclosure information is Freddie Mac. No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) about 66% of all real estate mortgage loans. As such, … (0 comments)
fort worth: Freddie Mac's Foreclosure Myth #1: Get the Facts on Foreclosure
- 03/22/11 03:08 AM
Freddie Mac's Foreclosure Myth #1: Get the Facts on Foreclosure As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data. One of the best current resources on foreclosure information is Freddie Mac. No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) about 66% of all real estate mortgage loans. As such, it should also be no surprise that Freddie would want to go straight to mortgage holders (i.e., the homeowners) with straight shooting … (2 comments)
fort worth: Fort Worth (Texas) Real Estate Situation Report - 9/16/10
- 09/16/10 04:17 AM
Fort Worth (Texas) Real Estate Situation Report - 9/16/10 The timing is right for our North Texas real estate market to really be in a position that is the envy of almost every other region and state. Sure things are off from what has become the norm. Here are a few of the negative indicators: 1. Housing starts barely topped 16,000 in the most recent 12 month period compared with 50,000 home starts in the same period in 2006. 2. The number of home builders have been cut in about half - down from the peak of 76 builders that operated … (0 comments)
fort worth: Who Says Aurora Sucks At Short Sales? Not!
- 09/12/10 07:49 AM
Who Says Aurora Sucks At Short Sales? Not! Here's another example of mortgage servicers (in this case Aurora Loan Services) getting a reputation because of "a bad few apples". Anyone who's completed multiple short sales with the same lender has found out that their experiences with the lenders or servicers are based on their experiences with their assigned negotiators. And, some negotiators are just better than others (i.e., some are good and some not so much). I happen to have had a really good negotiator in my most recent experience with Aurora Loan Servicing and she did such a good job … (5 comments)
The answer to this question is important for consumers and for real estate professionals alike. 
;)
;)
;)
