Sh*t Real Estate Agent Say
The meme has hit the real estate world, courtesy of Brian Copeland and Maura Neill the folks at RETSO.
See home many real estate memes you can find…
Archive for the ‘ Real Estate Consultant ’ Category
Bank of America and JPMorgan Chase Delay Foreclosure Reviews
Hundreds of thousands of foreclosure cases facing reviews ordered by regulators last year may take months longer than originally expected, according to documents filed with federal banking regulators this week.
Shapps calls for 30-year mortgages
The housing minister, Grant Shapps, turned to Gordon Brown for inspiration yesterday. Talking to the Building Societies Association Mr Shapps called for lenders to offer 30-year fixed rate mortgages, an idea first floated by Mr Brown in 2003.
As happened then, lenders were dimissive of the idea. Mr Shapps claimed longer-term loans would ensure “people know where they stand”. They would also bring new funding into the market by offering fixed returns for investors.
But Paul Broadhead, head of mortgage policy for the BSA, pointed out: “Longer-term fixed rate mortgages have been offered in the past but with limited consumer demand.”
Meanwhile, the Council of Mortgage Lenders said that about 1.8 million people who have come off fixed rates are about £2,600 a year better off.
Bank of America default filings jump 200%
Bank of America filed three times as many default notices on Orange County homeowners in August than the month before, helping to push the overall number of defaults in O.C. up 66 percent last month, according to new figures from DataQuick Information Systems.
Other lenders also increased their default filings – the start of the foreclosure process – although to a lesser degree. The B of A filings jumped 197 percent from July to August, compared to a 50.6 percent increase for all other lenders.
The increase was exaggerated slightly because August had three more business days than in July. But
When Should A Real Estate Professional Tell Someone To Walk Away From Their Mortgage?
As real estate professionals, your goal is a healthy and vibrant real estate marketplace. Lots of selling and buying of homes is a good thing, as is a healthy credit report and sufficient cash on hand by your buyers and large amounts of home equity with your sellers.
But if the last few years has taught us anything, that is not always the case. Heck, in some markets, that rarely is the case. <