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A sad, yet interesting phenomenon has been happening with greater frequency in the realm of real estate. That’s the talk of and acceptance of short sales as a way to sell a home. Short sales, in the “Cliff Notes” version, are the way for sellers to negotiate directly with a bank or note holder the… Continue Reading
Anyone following recent news about Countrywide and other lenders will see a trend. A rising percentage of their sub-prime loans are experiencing delinquent payments. So what do rising rates of delinquency have to do with buyers? In the not too distant future, it is very conceivable that higher credit scores will be necessary for higher… Continue Reading
At a weekend open house for this condominium, I decided to try something a little different. In addition to the traditional Open House signs and notifications, I thought I could generate some foot traffic if folks knew what their monthly payment would be, hence this photo: Don’t you know that the one person who came… Continue Reading
Wow! Another tip of the hat from an area blogger. This time, the tip comes from a mortgage banker from Okemos, Michigan. Dave Porter has a (very) complimentary post on yours truly and frankly, this Realtor is blushing! It doesn't hurt that Dave is also the Vice President of the Michigan Mortgage Brokers Association. Continue Reading
Are you one of the many folks that decided to purchase your home with an Adjustable Rate Mortgage (ARM)? Or did you recently refinance yourself into and ARM? While the immediate benefits of the ARM as a mortgage product were and, in some cases, still are substantial, the majority of folks currently in an ARM… Continue Reading
