Are they blameless in this real estate debacle?
I find it interesting that real estate agents seemed to have dodged any significant regulation as a result of the meltdown in Real Estate. While lenders and appraisers have had massive changes in how they are allowed to do business (see related blog postings), almost no ... [Read More]
I may have helped this become a reality
Of my many complaints about adverse changes in the real estate industry, my number one complaint has been buyers being forced by banks to use No Name Escrow companies. These (bank (REO) chosen) escrow companies were often far away, usually in S. California and they provided terrible ... [Read More]
In the last two years, agents have told their buyers “short sales are to be avoided like the plague”. Some of the reasons included:
The servicing agents were overwhelmed; it took weeks or months for a response.
The lender was not realistic about values, asking for more than it was worth.
Second leinholders refused to cooperate.
Agent commissions ... [Read More]
Wednesday, June 10, 2009 | Harlan Griswold III
For weeks, the subject of HUD allowing buyers to use the $8000 Federal tax credit for FHA money down and closing costs, was bandied about, with no real expectation it would actually become a reality.
On Friday, May 29, 2008 HUD announced they would indeed allow the use of this tax credit for money down ... [Read More]