ARDELL on 03 4, 2010 | 16 Comments
Five to one, more people are asking me if they should sell their home vs. if they should buy one. That said, I have more buyer clients than seller clients. Those buyers are simply not asking IF they SHOULD buy. The most difficult scenarios are those who need to do both at the same time, who cannot buy unless they sell, and who don't want to put their home on the market until they kn…
Read More
Rhonda Porter on 03 2, 2010 | 56 Comments
As the days wear on, we are learning more and more about HUD's 2010 Good Faith Estimate. Yes, we've had the 2010 GFE to review for quite some time and HUD has offered several updates on their RESPA FAQs...however it seems to be taking a lot of practice, trial and error and communicating with fellow mortgage professionals and HUD to try to interpret what is intended and/or allowed with this new document.
HUD's last revision to the FAQs made it loud and clear, in my opinion, that they want the Good Faith Estimate to be a tool for rate shopping... however unless the borrower has a bona fi…
Read More
Craig on 03 1, 2010 | 22 Comments
This is not legal advice. For legal advice, consult an attorney not a blog.
I came across this interesting article in the Wall Street Journal, that bastion of conservatism. The article goes into some detail encouraging homeowners to just "walk away" from houses that are deeply under water (not literally, of course; rather, the owner owes much more on the property than what the property is worth). For the record, I agree 100% with the sentiment expressed by the author. Any successful business -- or business person, for that matter -- would not think twice about breaching a contractual obl…
Read More
Rhonda Porter on 02 26, 2010 | No Comments
My apologies for skipping a rate post last week, I was on vacation with our family in sunny Mexico. Although mortgage rates appear to be the same as my last rate post two weeks ago, they've been d…
Read More
Rhonda Porter on 02 23, 2010 | 6 Comments
I'm very excited about two events that will be taking place next month at the Seattle Center on March 18 and 19, 2010 for the real estate community. Full disclosure: I'm actually involved on th…
Read More
