Here is today’s list of top real estate posts of the day.
1) How screwed up is Bank of America? – The stories on the banks messing up on these foreclosures seem to be never stopping. Here is another one where the bank decided to foreclose on a house and take the goods inside. Even though they were not the lien holder on the house.
2) Will Getting A Loan Modification Hurt Your Credit Score? – Foreclosures and short sales are not the only thing that can damage your credit. Loan mods could have a negative impact too.
3) Use your Business Cards Effectively: Direct People! – There is somewhat of a point to what he is saying, but that is easy to say for me and Josh Aberson, but if your name is Ruth Griffith or John Smith, it is a little harder. And I also want to make sure they know I am easily found on social media so I list all my social media platforms on the back. And if they are driving down the road and want to see a house, I want them to pull out my card and call me, not the agent on the sign so I make it easy. But I get his point.
4) The Lowest Mortgage Rates of 2010 Will Be Locked In March And April – Mortgage rates have to go up they cannot go any lower, we have been hearing it for a solid year now. Dan Green thinks there may be about another month and a half left.
5) Foreclosure Inventory Is Increasing – With numbers going up will banks slow down again on the number of foreclosures they do to keep inventory lower?
6) The Advantages of Presenting and Receiving Offers In Person – It is harder and harder to do these days with the amount of foreclosures, but that is a local thing.
7) What Will You do for Success in Real Estate? – Choosing between work and down time is always a difficult choice. I like John tend to pick work right now.
8) Are You B. F. D. or Delusional? Take The Scrape The Label Test. – This is one of those posts you need to read 2-3 times to digest it, but you should!
9) 10 Commandments when preparing to apply for a mortgage. – Short and to the point, more people should listen to number 10.
10) Have you heard the one about the lawyer & the shark? – Lawyers and Realtors, she is right, we have so much in common. Both not held in the highest of regards, until you need us.
Guest Column from Justin McHood.
Home prices continued to drop for the 18th straight month setting the region’s record for consecutive months of declines. according to the official numbers for August prices dropped an average of 26% from August 2007 to August 2008. In some good news mortgage interest rates have declined to under 6% fro many lenders on a 30-year fixed mortgage. Combine the low interest rates with the low housing prices and now is a great time for first time buyers.
