Georgia Mortgage FHA

Archive for October, 2006

Ever think about it? That’s only 14 years away friends! I’ll still be in the business and most of you will too. I’ll be 61 years old and too honory to fully retire. But what will be the norm 15 years from now? Look how much things have changed since 1990:

1) There were no Dot Com realty companies.
2) Discount listings were what you did for your sister.
3) Fixed 30 rates were 7.5%
4) George Bush was president
5) We didn’t know what a plasma screen was or a DVD – back then it was those huge laser disks Read the rest of this entry »

— admin

Why does it seem this has become the motto of my own industry? If you live in one of the towns where JS from LF advertises heavily on the radio you’ve heard him say “Don’t give a broker another penny of closing costs to refinance! It’s a racket! It’s a rip-off! Refinance with LF today and we’ll pay your closing costs. Your closing costs won’t cost you one penny and we don’t roll it into the loan!” (paraphrased)

Raise your hand if you believe this is remotely true – I mean that it won’t cost you one penny.

Okay, John, put your hand down. Read the rest of this entry »

— admin

Anyone can be a loan officer. Yep – that’s what the ad says. Tired of selling plastic dishware to keep your leftovers safe? Pre-paid legal didn’t turn out like you thought? Telecom downline too hard to manage?

Well, shucks, boy! You can own your own mortgage company.

NO EXPERIENCE NECESSARY – that’s exactly what the spam I get in my email regularly tells me. And it is one of the most frightening phrases I’ve ever heard in relationship to the industry of which I am so proud to be part. For most Americans their home is the single most costly and valuable purchase they will ever make. There are literally thousands of loan solutions available which confounds the minds of even the brightest and more experienced Mortgage Professionals. Read the rest of this entry »

— admin

Every state has their own statutes, codes and laws. This one is the California Civil Code 1710.2 which “states that death on a property need not be disclosed if it occurred more than 3 years prior to a sale. [The statute does NOT say that a death within 3 years must be disclosed.] If a death occurs on a property within 3 years, and the circumstances of that death are material (it was a gruesome or offensive death, or affected the reputation of the property), it must be disclosed.” (Reference).

What better topic for the Halloween weekend!

So what does your state say? Is it a requirement? An option? Read the rest of this entry »

— admin

I’m ashamed that swift justice has not been served in my community. Of course you must understand that I support the death penalty and I like the Texas model.

“Two parents have filed a complaint against the judge presiding over the trial of their daughter’s alleged murderer, saying that she hasn’t made enough progress in the case.

Wayne and Linda Brown’s daughter, Lori, was found slain along with a co-worker in a real estate sales office in Powder Springs on Nov. 3, 2003. Five days later, authorities arrested Stacey Ian Humphreys in the slayings.

Humphreys hasn’t gone to trial, and Cobb Superior Court Judge Dorothy Robinson hasn’t heard proceedings in the case since a motion hearing more than a year ago.” – Atlanta Journal & Constitution today.

http://www.mugshots.com/Criminal/Killers/Stacey+Ian+Humphreys.htm – the eyes of the killer?

http://sca.cobbcountyga.gov/meet_judges.htm#robinson – the stalling judge?

Is Dot Robinson stalling for time for the DA to produce the best possible prosecution or what?

Lori and Cyndi … I’ll help see that justice is served. Anybody want to help?

Here’s the contact information for Judge Robinson:

(770) 528-1843 Peggy Massey (Administrator)
(770) 528-1845 Barbara Murphy (Law Clerk)
(770) 528-1844 Pam Mutuku (Ct. Rept.)
(770) 528-1881 Fax Number

Patrick H. Head, District Attorney
10 East Park Square
Marietta, GA 30090
(770) 528-3080
(770) 528-3030 fax
Email: cobbda@cobbcounty.org

— admin

Have you heard or seen an ad like this from a competitor and wondered how they can afford to do it? Do you have a hard time believing it?

It works. Set your listing fee high enough to cover costs and make the numbers work, get a Buyer/Broker Agreement to find the higher priced home for the sellers, and it works, all day long. Essentially it works just like you see it: list the house at fair market value, advertise it heavily along with your other listings. If it doesn’t sell in 30 days you get the house for 15%, for example, below market value and the seller pays up to 6% toward closing. Obviously it doesn’t work on all homes and not all sellers are going to able to pull it off. However if the seller will avoid making two mortgage payments and has equity in the listed property and wants to move quickly – it’s a “win win” for everyone.

Have you tried it? Know anyone who has? Want to learn more about how to handle the transaction?

— admin

If you’ve read many of my blog postings here an on the other blogs where I post frequently you’ll know I am highly concerned with the LETTER and the INTENT of the law. It is very important to me to protect my clients, my associates, my employees, my investors, and my a$$. We have an online “university” started to keep us sharp (it will be open to the public soon) and most of the first few courses are on some type of industry law or fraud detection and prevention.

I was nearly decapitated in an email from a Texas (Corpus Christie) real estate agent in an email because I dared challenge his craigslist posting about Cash Back deals. He threatened to stick his closing attorney on me which kept me sleepless for nights. Read the rest of this entry »

— admin

Sorry Jeff! I had to do it …

If you were invited to a jaliggy (a great and wonderful picnic type party with music, games, food & drink) because they were giving away a new Cadillac to everyone who showed up you’d probably be highly interested in going. However if you read the fine print that says a jaliggy starts out by everyone (who ever was late on a payment and cannot bring proof of income and assets for the last two years) driving a nail through their big toe you wouldn’t (unless you are extremely odd) be nearly as interested in going unless you had never been late on a payment and had that documentation. However, even if you have those issues, to you the pain may be worth the gain just to get that car. Pain, in this case, is for people who are unworthy of highest regards because of their credit and work history. Read the rest of this entry »

— admin