Coach/Trainer/Realtor
A Federal Interactive Map showing Subprime and Alt-A exposure has been released. December 2007 numbers for subprime below. Here is a link to national data. As I have mentioned before, in 2005 it was reported that 45% of homes sold were bought as secondary homes, either rentals, flips or vacation residences. A chart on that […]
Ms. Bank continues to make mistakes. A mistake today cost My Client any hopes of closing today. A small thing that I think was small enough that the person who was to be stepping in to help couldn’t have anticipated. There seems to be this universal law that once something goes wrong, it continues to […]
On the left are homes Active in a certain area with 2 schools being a common denominator. On the right are Pending, first section, and Sold Listings for the last 6 months, second section, with the same criteria. You see that the Pending homes follow the sold line as far as price range but the […]
Seen enough April’s Fool jokes today? Yeah me too but I also am writing this after looking over Freakonomics blog. They look at statistics differently or try to look deeper. Right now with tons of numbers and statistics thrown around from National Association of Realtors and Doomers it gets confusing to what is going on […]
I have had a few questions and an interesting call because of my posts about Ms. Bank. I won’t name the bank because I can’t damn everyone for the faults of one or a few. Every agent at a large real estate company has heard someone say I will never work with THAT company because […]
Friday March 28th, 2008 This is an email I sent to Ms. Bank I don’t understand how we have gone from “one more thing” to restructuring the loan. I thought we were a step away? What has happened? Mike Ms. Bank called My Client and said that I sent a rude email to her. This […]
The saga continues but I shaved the scruff, that some would generously call a beard, in hopes it be a good omen. Alas it wasn’t. And the Ms. Bank who says she has a degree in Communications-Management hasn’t communicated or managed much of anything. I sent her an email asking if there was an update. […]
I have a sale that was supposed to close on Tuesday. This is the first loan in years that has been late due to the lender that I can remember. Before the last few years I routinely told my clients to expect their loan to be a day or two late, it just happened. I […]
Craigslist has been used for another crime. The first one is good to alert the public so they may not get scammed. The most recent cost an Oregon man a lot. But I won’t describe it here so it doesn’t help perpetuate the crime/prank. And this is crime has been done before which shows that […]
Full article from Yahoo! here. After falling for six straight months, sales of existing homes posted an unexpected increase in February which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported. Trends are more important than blips. One month does not equal much. […]
Thanks to Around The Sun Blog for this weekend’s list. My favorite? Flashlight Egg Hunt in Lake Oswego: Kids aged 11 to 15 are invited to hunt for candy and prizes at Foothills Park (199 Foothills Drive) at 8:00 pm (arrive 10 minutes early). Bring a flashlight and basket. For more information, visit the Lake Oswego […]
Since late 2006, 241 banks have either shut down or been absorbed by another bank. When some of these banks shut down it was the same day they ran out of money to fund loans. For whatever reason, maybe an investor backed out or something, but there were many times there was no warning. It […]
Here are some important snippets from a main article that will break it down for you. “Rates on longer-term loans, such as the 15-year and 30-year fixed mortgages, are driven by 1-year, 5-year, and 10-year Treasury Note yields. These are auctioned on the open market, and the yields respond to market demand. If there is […]
Today the Federal Reserve dropped the Federal Fund Rate by .75. This drop will affect Prime Rate by that amount as well. I read an article earlier this morning about how the drop (which he says should be 1.25%) will not help the consumer which made sense as banks are tighter with their loans guidelines. […]
I talked to someone who had a bad conversation with the bank about her defaulting loan. For the most part, I have heard the banks are nice and helpful. They understand the market has changed and don’t beat up the customers but will still tell the what will happen. This person got ahold of an […]
This is what I overheard yesterday. Two gentlemen were talking and one asked what the other did. “A little commercial real estate, some foreclosure stuff, you know.” The other guy said, “I am waiting for the prices to come down further before I get back to buying foreclosures.” They walked away and I missed out […]
