Tagged : sellers

Beware The Shadow

Thursday, February 18th, 2010 at 3:28pm. 63444 Views, 1 Comments.

For months, we’ve been expecting the next wave of foreclosures to hit the market.  With a record number of homeowners defaulting on their mortgage payments, it’s bound to happen sooner or later.  According to yesterday’s headlines from Housing Watch, we’ve got a “shadow inventory” of almost 1.8 million homes that are on the brink of foreclosure.  Of the 1.6 trillion in existing mortgages packaged into mortgage backed securities by Wall Street, approximately $425 billion worth are “extremely late” on their payments.

Despite the best intentions at assisting distressed homeowners, bad mortgage debt continues to rise with little hope of reigning it in.  The tough job market and high unemployment rates serve to add fuel to the economic firestorm.  After…

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Healthy Home Tips & Green Alternatives for Homeowners

Tuesday, January 5th, 2010 at 3:35pm. 751 Views, 0 Comments.

I’ve recently been contacted by Mesothelioma Cancer Center and asked if I’d assist in spreading the word about this form of cancer, which is caused, almost always, by exposure to asbestos.  Rarely, in life, do things happen by coincidence.   We buried a friend of mine less than three weeks ago.  He had been diagnosed with Mesothelioma less than four months ago.  Please pay attention to the Center’s article that follows.  Asbestos is a hazard.  Be aware.      

The home buying process is an exciting time, but one that may bring additional responsibilities into your life. Many homes may need renovations or inspections, especially in areas that are susceptible to natural disasters. Having the assistance of an experienced and honest real estate agent will…

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Is a 31 Percent Failure Rate Acceptable?

Monday, December 28th, 2009 at 1:25pm. 874 Views, 0 Comments.

“Incompetents invariably make trouble for people other than themselves.”
Larry McMurtry

Did you see the news?  Yesterday’s New York Times carried an article detailing the results of recent federal mandated licensing exams for loan officers around the country.  The results thus far are anything but encouraging.  According the Times article,  ”31 percent of the roughly 10,000 people who took the national test from July 30 to Nov 30 failed it, and about 27 percent did not pass the state-specific component.” 

While there are those (you can trust that the dissenters aren’t those depending on the expertise of their lender) who question the industry’s testing, many others appreciate the attempt at accountability.  Is it odd to expect those who provide you a…

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