lending: Are We Looking At A New Trend? - 03/15/10 05:22 AM
In the past two weeks I have received in access of 20 or more calls from customers who are calling my agency wanting not to purchase but, instead are wanting to Lease. They do not want to do a Possible Lease Purchase or Lease Option. They are looking for a straight Lease.
This can be looked at as money we didn't have but, I find it a bit disturbing. After speaking with several of these potential customers and gathering a little information what they are doing is walking away from the current mortgage and needing a home to replace the one … (3 comments)

lending: Just An Idea - 03/04/10 10:42 PM
I am sitting here looking at all the States, Cities, and Counties and all the Agents who are using Active Rain and the thought occurred to me? The one question I ask myself everyday when I look at each area being represented here is: " I wonder how their market is doing?" Are they seeing a turnaround?" It would be so cool to me if each person reading my Blog would say one or two words that express your current market. I think this will give us all a truer overall picture than anything we can see or hear on the gloom and doom … (2 comments)

lending: So Very Excited - 03/04/10 01:38 PM
Back some time ago I posted my thoughts on the wonderful Underwriter. I called it no place like home. I gave my analysis on the Underwriter and how they reminded me of the Wizard of Oz and how much they were in control of our closings.
Well great news... Just found out at next Tuesday's sale meeting I will actually be meeting an actual Underwriter.... How cool is that? Finally a chance to see the Wizard behind the Iron curtain...
I told the Lender tonight to tell them how excited I was and to tell them Dorothy was so looking forward … (5 comments)

lending: Financing Changes - 02/06/10 10:23 PM
With all the changes taking place in the Housing Market and Financing today I have ran into a bit of a snag. The area we live in still has Mobile Homes that are being placed for sale everyday. These homeowners are finding themselves in an awkward position.
They are finding Buyers but, these Buyers can not find someone in our area to do these Loans. The Lenders are not being allowed to do any type of financing. These homeowners when they purchased the homes met all the criteria set by FHA guidelines such as Permanent Foundation, etc., but, now no loans are … (1 comments)

lending: FHA Changes Coming Our Way - 01/24/10 12:22 AM
I just received a Fl-yer from one of my Lenders telling of FHA changes coming our way this Summer and I must say I have cause for concern!
The changes would raise the Mortgage Insurance Upfront Premium from 1.75% to 2.25%.
FHA is seeking Legislative Approval to increase the Annual Premium which would then shift some of the Upfront Premium to the Annual MIP.
Additionally the Sellers Concessions will Decrease from 6% to 3%.
We currently have the ability of telling our customers about the Tax Credit currently on the table and it appears there truly has never and will never … (2 comments)

lending: Short Sale - Why Can't We All Just Get Along? - 12/02/08 04:42 AM
I am currently working a Short Sale with Countywide. I don't mind saying that, because I would hope someone who is of importance would read this Blog and use it as a learning tool. I received my offer on this piece of property if you can believe this back in AUGUST. That's right I said back in AUGUST. I am now supposed to be in the final stages. I have been placed with a negotiator and the wheels are supposed to be turning. This is not my first time on the Short Sale wagon and in this market it may not … (0 comments)

lending: Dealing With Short Sales - 11/18/08 09:43 PM
I got a call yesterday from an agent with another company. She said: " Your the only person I know who has dealt directly with the Lender on a Short Sale and I need your help. Please tell me how the process works?" I helped her and told her what I personally had dealt with but, I guess I was a bit blown away by the original statement! My first Short Sale came way before any instructional classes were being taught and way before the bottom officially fell out! I did not get any instruction it was all Trial By Fire … (2 comments)

lending: Just An Idea! - 11/18/08 12:42 AM
I'm a little confused! With this ever changing Mortgage situation- Just a thought! If a customer has a Mortgage and is behind on their payments the first step Lenders do is to establish their current financial situation right? If it is confirmed that the customer still has the funds to pay their mortgage but, maybe has just fallen behind and needs to get caught up, Why does the Lender and or Investor not look at the whole picture. It has been my experience with customers I've talked to when they make that phone call they are asked a series of questions … (2 comments)

lending: This Place Is Awesome! - 11/03/08 08:46 AM
We are nearing the end of another day! The customers we have dealt with are calling it quits for the evening and tomorrow is a day that will go down in the history books one way or another. All the e-mails have been answered as well as the phone calls. Now is the time to take a short moment to reflect on what we have to be thankful for. What blessings we have been given and received throughout this day. Active Rain is just that type of place. A place where we as agents, lenders, etc.. can all come together and share … (0 comments)

lending: Let The Game Begin! - 11/01/08 01:38 AM
As College Football is in full swing and the Holidays are among us. I have officially started a new game. Perhaps you could call it my own personal competition. When I first started using Active Rain I did what most agents probably do and I started looking around to see what agents were active in my area. As I began my search I noticed that the pickings were slim. I couldn't understand why but, I thought hey wait a minute! I get points for everything I do. I can provide little tid-bits of information about things in my area and get points by … (9 comments)

lending: Twilight Zone - 09/25/08 01:16 AM
Not to discuss politics here but I just pulled the following statement from President Bush's 2007 State of the Union Address and I am comparing this statement to where we are now and the 15 minute speech President Bush made last night on how dire or economic situation was and how important the support of congress was to swiftly pass this bailout and one must ask themselves several questions- This speech was done in 2007 and we are in 2008, which is only a year! This mess we are dealing with didn't just happen did it? Where has Mr. Bush been during this … (0 comments)

lending: PMI - 09/16/08 11:31 PM
I simply do not get this whole PMI business. It is one of those things that if our customers don't have enough down they are expected to pay. The amounts raise their mortgage by a sizable amount and I don't get the real purpose of it. I know PMI is to protect the Lender but. during this mortgage mess is it doing it's job. Who is regulating the PMI people? There is suppose to be some type of criteria that states after a certain point & time the PMI will drop off a buyers mortgage but, I don't get that period … (2 comments)

lending: Fannie Mae and Freddie Mac - 07/16/08 02:42 PM
I need your input. I got a call today from a Lender I use on a regular basis. He said he wanted to give me the heads up on one of the new Fannie Mae - Freddie Mac guidelines for first time home buyers. He told me that effective in the near future new home buyers wanting to finance FHA will be required to go through a First Time Home Buyers class and will receive a certificate of completion. He said they will not be able to go into a binding agreement unless this class has been completed. He is suppost … (4 comments)

lending: Rent to Own!!!!!! - 05/08/08 06:58 AM
I got a call today and have had several calls in the past month or so from customers who have driven by, saw on of my listing signs in the front yard and call me wanted to know information on the property in question. I explain to them the details of the house and they immediately want to know if the seller is willing to rent to own and what the terms will be. I don't understand what part of FOR SALE on the sign is not being understood???? … (2 comments)

lending: Financing Today - 04/14/08 04:34 AM
I realize we are in a market that is changing daily. Today I was on the phone with a lender here locally who told me that she was having a very difficult time right now getting customers Conventional financing. She said most of her customers were going FHA or other alternative financing. This confuses me! I wonder what other agents are experiencing? I have a customer coming into my office tomorrow and I find it hard to believe that Conventional financing is tougher than FHA. My own past experience was just the opposite. She made the statement that Conventional financing was … (6 comments)

lending: Give me your thoughts - 01/31/08 06:03 AM
Just checked the rates for a customer of mine here in Dalton, Georgia and was quoted 5.875. I was told the rates had actually went up since this morning. I've got so many customers watching the news seeing the Feds drop the rates and thinking they can pick up the phone and get those same rates at that very minute. I was told yesterday it would probably be about 2 weeks before we start to see the results of yesterdays decrease? What do you think? … (0 comments)

Paula Roberts (Coldwell Banker Kinard Realty)

Paula Roberts

Dalton, GA

More about me…

Coldwell Banker Kinard Realty

Address: 704 S. Thornton Ave, Dalton, GA, 30720

Office: (706) 226-5182

Mobile: (706) 270-3223

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