ARCHIVED BLOG POSTS
2009
There's a new sheriff in town, actually it's the same old sheriff attempting to flex his/her muscles, if he/she has any. The US Department of Housing and Urban Development has been working on a new GFE (Good Faith Estimate) for over a year, maybe closer to two and beginning Jan. 1, 2010 we're goi...
10/31/2009
4
Comments
I just got a new "rate sheet supplement" for adjustments and fees. I wish you could see these things. You'd really be surprised that a Loan Officer can accurately quote rates at all. Take a look at this, it's for FHA/VA Loans; Loan Size $90,000-$417,000 no adjustment $60,000-$89,999 subtract...
10/28/2009
5
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Where's David Bowie when you really need him. For those of you who remember Bowie the answer would be anywhere, probably on a "Space Odyssey!" If you're invovled in the Real Estate industry today that's what you're doing, going through an "odyssey." odyssey; long journey with adventures Bowie's ...
10/26/2009
0
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Barring a change or extension of the statue, the tax credit will soon cease to exist, as of the last day of Novemeber. With the implementation of HVCC (Home Valuation Code of Conduct) and MDIA (Mortgage Disclosure Improvement Act) it has become difficult, but not impossible to close transactions ...
10/25/2009
Why? Why? Why? are there no uniform standards for pre-approval letters? Let's start with do we all agree and/or understand what it is, the old preapproval letter that is. If I have this right, a buyer and their agent are trying to represent to a seller and their agent that the buyer should be abl...
10/25/2009
It's truly amazing how we, in the real estate industry, can adapt to change. I guess a large part of this developed ability is because we have to. When you mention HVCC to a lender or a Realtor, you'll probably see a scowl on their face, or you may receive a nasty comment, particuarly if they h...
10/24/2009
I keep on hearing about today's guidelines being ultra conservative or that the "Banks" don't want to lend money. The first point I'm not sure I agree with, the latter is a convenient place to place blame, in my opinion. Conservative If you have entered the real estate field in almost any capacit...
10/22/2009
5
Comments
Should is an interesting word. When I looked for its definition I learned that it is the past tense of shall. Should by itself, very often, isn't so bad. For example; I should have a good year this year. That's an okay statement, but let's add another, killer word, to it and change the feeling en...
10/20/2009
10
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If you have ever been to a sales seminar or have spoken with, or listened to a sales trainer, or life coach, you have been told, and know that the most successful people in THE business, any business, have; Clearly Defined WRITTEN Goals! First question; Do you have them? Second question; Have you...
10/19/2009
I was reading the November issue of "Success Magazine" and came accross the results of a poll asking what method of communication business people preferred or more precisely the question posed was; What is your preferred method of communication in business? Good Question! The results were; drum r...
10/17/2009
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Jay Beckingham
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