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RESPA

1) #1 Real Estate Investment Myth – Cash Flow Always King – Is cash flow not always king? BawldGuy makes the argument if you are thinking that way you are thinking to short term.

2) HUD releases webcast on final RESPA rules – Ready for the new HUD-1 and GFE rules? You should be.

3) The Real Estate Brokerage of the Future – What a great quote, make sure your real estate agent is technology-centric and customer-obsessed.

4) A Lot Of People Are Going To Take A Walk – We love to blame the lending industry for the run up in housing prices. Let’s not forget the role some appraisers played too.

5) Virtual Tours and Video Go Another Round – This is an interesting new technology if it ever becomes affordable, but my favorite part is the UrlThatIsLongerThanSomeShortStories.

6) We Blew Up the Call Center (And We Launched Atlanta) – Here they grow again. Everyone’s favorite agency to talk about, Redfin, expanded into Atlanta this week.

7) Brokerage from the ashes – Great read as always from the 1000Watt crew. All we need now is a link to Mikes website so we can check it out.

8) Getting the $6500 Tax Credit as an Existing Home Owner – Do you need to sell your old house to qualify for the homebuyer tax credit of $6500?

9) Running a Successful Real Estate Business Part Deux: Multiple Profit Centers – Great advice for agents, you can prepare for today’s market, but what happens when it changes next week. Make sure you are ready.

10) Five Reasons Why Short Sales Are Declined – This list of top 5 reasons a short sale is declined is Bank of America’s list, other banks may vary.

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1) Avoid rushing into home ownership for tax credits – Sometimes you need to look outside the real estate world to find good advice on real estate. If you were buying a house anyways the $8000 first-time home buyer tax credit is a good program for you, but don’t buy a house just  because you think the program is going to save you money.

2) To point, or not to point – THAT is the question – Should you pay points to get a lower interest rate? Depends on a few factors, one being how long will you live in the house.

3) Obama send SWAT teams into mortgage servicing office – The Obama administration is applying pressure to banks to approve more loan modifications.

4) The  2009 NAR profile of buyers and sellers if full of important and interesting data – I have posted this information before from another post, but it is worth reposting.

5) Are you the CEO of your real estate business? – Good advice for new agents who are still trying to set up their business.

6) Mortgage rates should linger near all-time lows for a while – The one thing about mortgage rates, no one knows for sure. Over the past few weeks all the “experts” have been saying rate increases are coming. Now that they are to “linger” near the low, maybe that means increases will come now?

7) New RESPA laws and what they mean to you – John Jones’ Tuesday Morning Coffee looks at the new RESPA laws coming in January and what they mean to you the buyer and mortgage brokers.

8) Update on changes coming to short sales – The US Treasury Department has announced changes coming to short sales and new requirements they will have for lenders. With changes this big I’m gonna hold a “I will believe it when I see it” attitude.

9) Walk away from mortgage if underwater: Professor paper – I was just asked by a friend in California yesterday if I thought it was a good idea to walk away from a mortgage that is way underwater. And I must admit I agree with most of what the professor says in this paper, even if he is from the U of A.

10) ROI in social media marketing for real estate – Is the time you are spending on social media as a real estate agent really worth your investment?

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