financing: "STUPID IS AS STUPID DOES!"
- 11/18/11 04:16 AM
Judy Chapman, a Realtor from Northbrook, Il., wrote a post in which she implies that a certain Senator from Texas has a major responsibility for the economic woes that continue to dog us.
It is tempting to want to find blame and point fingers when things go wrong. Things went wrong in this country and world-wide in the last few years. That is a major understatement! Changes in laws that Judy mentioned facilitated failings in our financial system but did not mandate those failings. None of the changes in law forced lenders to provide a no-doc loan to a … (2 comments)
financing: IF I WAS A BETTING MAN, I WOULD BET THAT CALIFORNIA HOME VALUES ARE GOING…UP…or…DOWN???
- 11/17/11 04:42 PM
If I was a betting man, I would bet that California home values (prices) are going up…no…down…no…up…oh, rats! I have no clue! And neither does anyone else! A news article in a Southern California newspaper says that UCLA economists are forecasting a turnaround in home prices in 2012 with continued increases through 2017. Substantial increases! No, not the bubble increases that we saw in a few years ago, but on the order of more than 10%. Amazing if true!
Not so fast! A Bloomberg report from Nov. 14th is headlined: “Home Prices in U. S. May Drop 8%...” Bloomberg … (5 comments)
financing: MARKET STATISTICS - FREMONT - NEWARK, CA. 10-27-11
- 10/27/11 03:10 PM
Market Statistics for Fremont and Newark, Ca. 10-27-11 Fremont and Newark real estate prices and statistics tend to track fairly closely. Fremont is a much larger city with a population that is approximately 6 times the population of Newark. I think that you can gather the size disparity from the number of listings in the respective cities posted below. Newark and Fremont real estate is also not comparable in all price ranges. Newark does not possess the above million dollar homes that can be found in Fremont. Prior to the real estate bubble bursting you could pay over a million dollars for a Newark home … (1 comments)
financing: WHAT DO YOU DO WHEN THE REVIEW APPRAISAL IS A PROBLEM?
- 02/16/10 02:55 PM
What are you doing if your client has released the loan contingency based upon a satisfactory appraisal only to have the lender's appraisal review department reduce the appraisal making the loan amount insufficient to enable the purchase of the property. Seller will not agree to lower the agreed upon purchase price to meet the appraisal. Buyer cannot afford to bridge the gap. Seller claims buyers deposit alleging that the buyer has defaulted. … (5 comments)
financing: Bank Won't Approve Commission to Agent-Relative of Seller
- 12/07/09 02:44 PM
A fellow agent has run into an unwelcome surprise in negotiating a short sale for a property owned by a relative. The bank has accepted the offer. The bank is willing to pay a commission to the buyer's agent but not the seller's agent...because the listing agent is related to the seller. He was surprised and wants to know what he can do. Any suggestions or comments? … (4 comments)
Judy Chapman, a Realtor from Northbrook, Il., wrote a post in which she implies that a certain Senator from Texas has a major responsibility for the economic woes that continue to dog us.
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