Why I signed on to Active Rain and my first ever blog

Real Estate Broker/Owner with HQ Real Estate and Investment, LLC

I was trying to do some recon for another agent when I came across a post from this site. The guy was right on about loss mitigation. I have added his general idea as well as my comments below. Great website and I am glad to be a part of it! 

He was a loss mitigator for 10 years commenting on the fly by night web companies charging fees for negotiating on behalf of defaulted borrowers and it being a waste of money with no guarantee of success.

My Reply: You are so right on. These folks have got to realize you can't mitigate a loss that was based on fraud to begin with. I don't think the Fed should bail anyone out either. The folks who just hit hard times WILL make it through the system (without these web predators) and the others living beyond their means trying to Surpass the Jones', should have to reap what they sow. Shame on the unscrupulous mortgage lenders that perpetuated this to begin with. LIBOR's and MTA's were never designed for the wage earner EVER! They are sophisticated lending tools for large loans where folks have discretionary income to afford a bump in payment. Part of why I switched from lending to real estate was the legislators didn't want to hear about our attempts to create loan officer accountability to be more in line with the compliance that a stock broker goes through. I predicted this on my radio show 4 years ago. I could not work in a field where Fradulent Documents R Us was run off my copy machine. Ugh. Hopefully the tough times will send these fly-by-night lenders and real estate agents back under the rocks they crawled out of.

The program I created and featured on my show Unlock Your Wealth(R) with Heather Quintero, shows you how to build wealth by understanding what the REAL underwriting guidelines are and the appropriate ways (non-fraudulent) to put your finances and credit in order so an underwriter will love to lend you money. But you have to check your head first and know that you must decide whether keeping up with the Jones' on the outside appearances is more important than growing wealth and BEING the Jones' for real. You can leverage your loafers or create financial independence but they won't occur at the same time. Mortgage lenders are beginning to realize they can't let folks get away with these high debt ratios. After my honeymoon I will be returning to the airwaves with Unlock Your Wealth(R) Radio and these types of items are great fodder for the listening audience.

Ciao For Now!


Comments (6)

Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life
Heather - Welcome to Active-Rain and congrats on your first ever blog!  I'm sure as you start strolling through the rain, that you'll find this to be a wonderful place.  I look forward to your contributions.
Feb 07, 2008 06:53 AM
.... ...
.... - Mauldin, SC
Welcome to AR Heather and congratulations on your first blog. AR is a great place to share ideas and learn from others in Real Estate.
Feb 07, 2008 06:59 AM
Cynthia Tilghman, Realtor® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC

Hello Heather,
Welcome, you don't understand yet how lucky for you it was that you stumble onto AR.  If you stick around, you'll learn more here than you ever thought possible.  This is truly an awesome place for learning and sharing.


Feb 07, 2008 07:00 AM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker
Welcome to the Rain, Heather!  Take a minute to join the Newbie Group and check out all of the very helpful posts there to help you get started.  I look forward to reading more from you.
Feb 07, 2008 07:09 AM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here.

There are some great group both local and broad based,.... enjoy!

Feb 15, 2008 08:24 AM
Steve Harris
Real Estate III - Charlottesville, VA
I just want to tell you that I am glad you joined active rain. It is a great place to network!
Feb 16, 2008 09:51 AM