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TIMEOUT! OVERLOAD! HAFA, HAMP, New FHA Guidelines and it goes on and on

By
Real Estate Broker/Owner with Thompson's Realty

HAFA, HAMP, HOMEPATH FINANCING, NEW FHA GUIDELINES, FHA 203K, NEW HUDS, NEW GFA'S, FED STOPS BUYING MORTGAGE BACK SECURITIES, O'BAMA'S NEW PLAN TO HAVE LENDERS REDUCE THE PRINCIPAL FOR HOMEBUYERS THAT ARE UNDERWATER (GEE WHAT'S THAT PLAN CALLED) AND I KNOW I have left something out. Its like "Lions, Tigers and Bears. . .OH MY"!

I don't know about you but frankly I'm on overload! As Realtor I know its my job and my responsibility to know and understand all of this if I am going to give my clients the best representation and make sure they are protected. Yes I have attended all the free classes to educate myself on all of the above and have all the backup paperwork if I can't remember something. I have this designation and that certification that I have spent X amount of money on and now there comes yet another "Expert" course if I really want to get the benefits of HAFA, I should take the CDPE (Certified Distressed Property Expert) course to the tune of XXXXX hundred dollars.

I'm sorry does it sound like I need a vacation, I'm really not complaining, I love what I do and I'm really a good Realtor. I just need to share some of my frustration to make sure I'm not the only one on "Overload" with all the new rules, everchanging regulations, government programs and God knows what else they keep coming up with.

Rama Mehra
Asante Realty - San Ramon, CA
TOP 1% REALTOR IN THE TRI-VALLEY

I totally agree !!!!!!!!!!!!!!!! Read my blog and you will hear my frustration too. It is getting to a point where the core of our business is being missed. Hopefully we can go back to a little more sanity

Apr 07, 2010 10:42 AM
The Harris Team Experience & Knowledge
Thompson's Realty - Fountain Hills, AZ
Beyond A Real Estate License

Unfortunately Rama I think we are still a few years away from that. Hopefully we will both still be here.

Apr 07, 2010 10:45 AM
Anonymous
Andie with Peoples Mortgage

AMEN to that! Overload is a good way to state it. If they were all good decissions I think it would be different for me. But they are what they are until they are changed! Please let me know what information you would find helpful that I could provide to you.

May 07, 2010 10:43 AM
#3
John Puplava
ABC Home Inspections,L.L.C. - Prescott, AZ
ABC Home Inspections,L.L.C.

Hi Harris Team,

How are you doing today.I just want to introduce myself to you my name is John with ABC HOME INSPECTIONS. If I can assist you as a Home Inspector please give me a call.

Thanks,

John with ABC HOME INSPECTIONS

602-471-7384

Sep 13, 2010 05:18 PM