Raleigh/Durham Loan Officer

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Mortgage and Lending - Bank of England (NMLS#418481) - NMLS# 1046286
A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.

ARCHIVED BLOG POSTS

2008 

Everyone selling real estate would like to think of themselves as a "Professional".  If you've read my blog at all, you'll know that I don't think that real estate agents qualify as "professional" at least not the vast majority of them. One of the reasons that I think that we don't qualify is tha...
03/31/2008
I just read a post by Mellisa Grant called, "You Might End Up Eating Your Own Blog" where she talked about people reading our blogs and taking the information that we provide, then going out and selling their home FSBO.  I'm 100% certain that this happens just as there are people who do their res...
03/28/2008
How many of you out there watch the business shows on CNBC?  It's pretty much part of my morning routine and I'll be the first to admit, they do a pretty good job of reporting the actual business news such as the fed cutting the discount rate or company "A" making an offer to buy company "B".  Th...
03/27/2008
I've been talking with a gentleman from California who is getting ready to relocate here to St. Louis.  While I was introduced to him through the real estate side of my business, we started talking about how he was going to finance his purchase.Turns out that he's doing what a lot of borrowers do...
03/21/2008
Every time the Fed cuts the discount rate I choruses of cheers.  I can almost guarantee you that within an hour of the announcement that there will be a post here on AR supporting the decision in the hope that "this cut" will be the one that brings the credit (and therefore the housing ) markets ...
03/20/2008
Last week I was showing property and came across one that was a foreclosure and that was priced to sell!  Even in this market, it was considerably below the market, so we wrote on it.  The bank required a 5 day answering time on the contract, which I didn't like at all.  The reason that I didn't ...
03/19/2008
I'll fess up, I have an ulterior motive here.  My goal is to make Home Security of America show up on the first page of a google search.  Why?  Because they are screwing me over and I think that all of the real estate agents here on AR need to know about these guys.That's the reason that I wrote ...
03/18/2008
The question is WHO is the government going to bail out!  I've written numerous times on the fact that I think that the government should step in to fix the credit markets directly and save thousands of homeowners from losing their homes.  I'm not going to rehash that position here, if you would ...
03/14/2008
The question is WHO is the government going to bail out!  I've written numerous times on the fact that I think that the government should step in to fix the credit markets directly and save thousands of homeowners from losing their homes.  I'm not going to rehash that position here, if you would ...
03/14/2008
The question is WHO is the government going to bail out!  I've written numerous times on the fact that I think that the government should step in to fix the credit markets directly and save thousands of homeowners from losing their homes.  I'm not going to rehash that position here, if you would ...
03/14/2008
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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bob Mitchell (NMLS#1046286)
local_phone(919) 876-8400
smartphone(919) 289-9611
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A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.