It may be a scam if…
March 5, 2010 · Filed Under Real Estate · Comment
When ever there’s an economic downturn, the scam artists come out of the woodwork. Well guess what? They are here and they are here in full force. If you’re having trouble making your mortgage payments, and/or if you’re already in foreclosure, here are a few tips to remember if you get a phone call or if [...]
Appraisals and the Catch 22
March 2, 2010 · Filed Under Real Estate · 1 Comment
So, the other day at the marketing meeting I was bemoaning the trials and tribulations of a certain transaction with yet another appraisal gone bad and a very reputable appraiser in town who was eaves dropping asked if he could interject some of his experiences. Well, being the perfect gentleman that I am I said [...]
The American Dream. Is it still Alive?
February 26, 2010 · Filed Under Real Estate · Comment
Well, I’m sure that there are some, maybe more than some, cynics that would love to argue that the American Dream is dead. In these days where the seller isn’t really a seller, you know, the kind that blood runs through their veins, the process can feel very detached. There’s almost never a connection between [...]
HVCC (Home Valuation Code of Conduct) or How we misplaced the baby after throwing out the bath water.
February 22, 2010 · Filed Under Real Estate · 6 Comments
HVCC? Home Valuation Code of Conduct….
Really?! Here is one more example of how a well intentioned albeit not well thought out regulation is complicating the transaction by messing with the appraiser. Let me explain….. We now have an additional level of management that draws money away from the already low (in my opinion) cost of [...]
Getting the Short Sale approved (two loans) can be a win-win-win-win-win. That’s win x 5
February 19, 2010 · Filed Under Real Estate · Comment
Well, it’s getting more and more complicated and in order for a short sale with two loans to happen, the second lien holder has to drop the lien and if they don’t, there’s no sale. Unfortunately for the seller, and the REALTOR, both of the lenders (lien holders) have some control. I just want to point [...]
