new jersey: Hey where did everybody go?
- 10/27/08 02:17 PM
1986 Most of the Realtors were working at their desks. I would go into a Real Esate office and the several Realtors would call me over. "Hey you got time to call this Guy?" ""Bill, I got another one over here!" or "This guy is ready to go" Then, the Realtor would call a week or two later to set up an appointment for the application . The client was referred based on the trust of the Realtor. The buyers trusted the Realtor therefore they trusted me. In turn, I made sure the client got the best rate and service because … (1 comments)
new jersey: Rates Freeze
- 12/03/07 03:32 AM
Friday, November 30, 2007 WHEN RATES FREEZE OVER Finally, there is some good news for the troubled mortgage market. The Wall Street Journal reported that the White House and the mortgage industry are close to a deal that would temporarily freeze interest rates for some sub-prime home loans on primary residences. Right now they are talking about a rate freeze for up to 7 years. The negotiations are on going.Deutsche Bank reported on Friday that Henry Paulson's plan would cover homeowners who are facing their first adjustable rate increase and have some equity in the property. This group would include 1.2 million … (1 comments)
new jersey: Where is the market headed? - Expert Real Estate Opinions (Bad ones)
- 11/13/07 02:03 AM
60 Years of Bad Real Estate Predictions Lets keep today's "expert opinions" on real estate in perspective.The Santa Barbara Association of Realtors put out this information some time ago:The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." (Time, December 1, 1947)"Houses cost too much for the mass market. Today's average price is around $8,000-out of reach for two-thirds of all buyers." (Science Digest, April 1948) "The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." … (2 comments)
new jersey: FHA Is Back!
- 11/12/07 02:23 AM
FHA IS BACK ! 5 Reasons to Consider FHA 1) As Little as 2 1/4% Downpayment 2) Credit Scores 600 or Below are Often Approved. 3) Coborrowers Income Can Be Used To Qualify (They don't have to live there) 4) Seller Can Pay All of the Closing Costs 5) Only Two Years Required After Bankruptcy
1986
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