1) Loan Modifications With Principal Cuts Attract Lenders Attention – Lenders are starting to look at loan modifications with a principle balance reduction as realistic alternatives, and they need to if they expect them to work. I personally predict that some form of principle reduction with a home equity fractional interest where the buyer needs to repay a portion of the reduction upon sale is most likely coming.
2) Foreclosures: Challenges FHA Buyers Face When Making Offers – It is true that FHA home buyers have a hard time competing with cash and conventional offers, but who can blame the seller? Much less likely a conventional or cash deal will fall through.
3) Conquering Your Fear When The Phone Rings – While this post is done from the point of view of an investor, it is relevant to anyone who is new to a business like real estate.
4) One Simple Strategy You Can Implement Immediately for More Referrals – The advice in this post is so true. When I first put up my site I had so much junk on there like everything about local schools and parks etc. Then my analytics showed me no one was going to those things.
5) 10 Cities For Home Bargains – Is your city among the best for bargains for home shopping? (Good blog material if so).
6) The People Have Spoken!… but are we listening? – People want more from agents, who is going to give it to them?
7) Is Your House Over-Priced? The Rule of Tens – A couple of basic rules for home sellers on figuring out if your house is overpriced.
8) Short Sale “Twists and Tail Spins”: Be Aware ! – I question this practice greatly! The bank is not a party to the real estate transaction and should be a RESPA violation for dictating terms. All they should be allowed to do is approve or deny the final transaction based on the HUD-1 number.
9) Here Come The 1099-Cs Turning YOUR Short Sale Into A Big Headache – Get ready for that 1099-c. I actually did a video with a local law firm on the short sale and 1099 issue yesterday.
10) FHA Cracks Down on Dubious Lenders – I heard about this yesterday while at lunch with a lender, they actually had a friend who got visited. Fun times!
