Hello Lenderamons & Welcome to 2009! Haven’t posted in a while, so I thought I’d start off the New Year to say Hi and let you know that I am alive and well, and for those friends of mine reading who’re still in the mortgage and real estate business, congrats! With mortgage rates at a [...]
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Florida’s New Foreclosure Law – Ooops!
Governor Charlie Crist approved new Section 501.1377 F.S. which goes into effect on October 1, 2008. It’s well intentioned and aimed at protecting homeowners in Florida who are facing foreclosure. There’s a prohibition against collecting an advance fee from any Florida homeowner in foreclosure which is great, but unfortunately, the new law doesn’t contain an [...]
Call Capture's Dirty Little Secret
Hey, what’s going on in Lenderamaland? Wake up!
Ok, now that I have your attention. Let me tell you what the call capture companies don’t want you to know.
You know how call capture works; you’re assigned an 800# that is owned by the call capture company and you pay a monthly fee plus a per-minute fee [...]
Major Appraisal Changes in 2009!
Fannie Mae is now accepting comments on Major Appraisal Changes:
To help enhance the integrity of the home appraisal process in the mortgage finance industry, Fannie Mae has entered into an agreement with our regulator – the Office of Federal Housing Enterprise Oversight (OFHEO) – and the New York Attorney General’s office, to adopt a Home [...]
Refinancing Secrets
Too many people in business don’t want to help someone else out unless there’s something in it for them. I don’t agree with that philosophy. As a matter of fact, there’s a proverb that says “there is that scattereth, and yet increaseth; and [there is] that withholdeth more than is meet, but [it tendeth] to [...]
You Might Be A Short Sale
I believe it’s healthy to take a step outside and perhaps even laugh at ourselves so as not to be caught up in our own pride. Let’s face it; we are where we are. It’s time to fess up, identify it, and move forward.
Citigroup’s expected to announce a $24 Billion write down this [...]
Working Weekends
From Friday after 5PM through Sunday night I received ten call capture pages. I set eight appointments out of ten. One was a curious neighbor (not a buyer) and another was too chicken (guessing) to answer the phone or return the message I promptly left. Eight out of ten is phenomenal, but it’s not the [...]
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