The Senate approved a home mortgage rescue plan for those homeowners that are attempting to stay out of foreclosure. The belief and motivation behind such a plan is that if those homeowners did end up defaulting on their home mortgages, that it would further exacerbate the already soft national real estate market. It is hoped that such aid will help cause a faster turn around for the real estate industry by providing Federal Housing Administration (FHA) loans that would be more affordable to those home owners in need. The amount approved is a whopping $300 billion, which would assist potentially as many as 400,000 home owners.
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What REALTORS owe Steve Jobs There are times to talk business. There are times to whine. And then there are times to simply pay our respects. With the passing of Steve Jobs yesterday, now is one of those times.As REALTORS, we tend to be in a hurry all of the time. We are dealing with this … [Read More...]
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Listing Syndication? Not for this Broker!
Curtis Reddehase, a real estate broker in Austin Texas recently wrote announcing his decision regarding Listing Syndication Attack of the 50 Foot Woman movie and why his brokerage will no longer be participating in that form of marketing. Several reasons were cited, but the 2 main reasons boiled down to: 1. He doesn’t want his [...]
Bigger, Better Home Buyer Tax Credit Taking Shape
.!. If the $8,000 first time home buyer has proven to bring reluctant first time buyers into the market then the recently proposed $15,000 tax credit to all buyers could be a game changer. The real estate market has been in the doldrums for the past few years and with the introduction of the first time [...]
Keller Williams and CitiMortgage announce national mortgage pact
According to a Press Release by Keller Williams, KW and CitiMortgage have entered into an agreement to provide mortgages with reduced fees and a $1,500 on time closing guarantee. While this is not the first agreement of its kind in the industry, it is part of a growing trend among franchises. “Our goal is to [...]
I hope this is the last of the big news events