The strongest resale activity in six years lifted June home sales in the Phoenix area above the year-ago level, which had gotten a boost from last year’s homebuyer tax credits. The region’s overall median sale price, which had changed little over the prior six months, rose modestly in June from May but remained more than [...]
Why the government still can’t stop ex-sub prime bankers or scammers from destroying homeowners In the fall of 2008, news stories about “scammers” taking advantage of homeowners at risk of foreclosure started appearing frequently in the media. I remember watching a prime-time news magazine program, I think it was 20/20, that was airing a [...]
Give back to Scouting more than Scouting has given to you. – Boy Scout Motto When you are first starting out as a youngster entering the workforce, you might be so overwhelmed that you feel like a deer in headlights. Alternatively, when you hve been in the business for many years [...]
This will be the last in a six part series of articles on using your IRA to invest in non-traditional investments such as mortgages. Leaving a Legacy of Saving. As a father of three, I’m well aware of the cost of parenthood – from diapers to saving for college and everything in between. [...]
Las Vegas region June home sales rose more than usual from May but fell short of a year earlier amid exceptionally weak new-home sales. The median price paid for a home dropped from both May and a year earlier as foreclosure resales and sub-$100,000 transactions accounted for a higher portion of all transactions, a real [...]
Breaking news: Just because a celebrity can post what they just had for lunch and get a ton of attention, doesn’t mean you can do the same. And just because President Obama has 20,414,968 fans doesn’t mean that you will, too. Yet the other end of the spectrum– folks who say that social media is [...]
When it comes to homeowners applying for loan modifications, mortgage servicers come in three types: Terribly Annoying, Unbearably Annoying, and Make-You-Want-to-Burn-Your-House-to-the-Ground Annoying. Some people laugh at that description, and I might have laughed at it too, before I came to realize that it was such a dramatic understatement. Not only are all mortgage [...]
Analyzing Claims in Business Interruption Cases Defects that were introduced during construction can lead to classic legal disputes between owners and contractors where considerable sums of money are involved. It all begins when the defects are first discovered. This becomes the starting point for the analysis of when economic damages begin; who is [...]
Back in November, I wrote about how mortgage lending reminded me of multi-level marketing. That was before the new compensation changes were implemented, so now I need to make a correction. Mortgage lending practically is multi-level marketing, right down to how furiously every lender in the business is recruiting free-range LOs like a carnival barker [...]
The Niche Report talks with Mark Greco, President of 360 Mortgage How exactly does your technology help mortgage brokers? Our technologies are tools that allow us to create a more efficient transaction process, so our brokers look good to their customers. We have a common goal, and that’s to make our common customer, [...]
A lot of people don’t...
