Active Rain My Proposal for an Economic Stimulus I have an idea for Uncle Sam to pursue in stimulating the economy. I feel that this idea has not been tried by any administration in the 232-year history of our republic. This policy should be embraced in a bi-partisan manner and should appeal to both free market conservatives and more socially inclined liberals. It’s really […]
Active Rain Why do You Work so Hard? When our company was based out of our home, someone told me that they could never work from home because they didn’t have the discipline. “You don’t need discipline to work from home,” I replied, “you need bills.” With 4 little ones, bills we have. Of the four, for the next 30 days two of them […]
Active Rain Real Estate is a Business This is a rather strong opinion and I welcome an opposing point of view, but I can’t see losing the argument. First, a question: Would you choose a surgeon because he has a yellow Labrador? No? Why not? Would you invest your money with a stock broker because he wears a cowboy hat? No? Why […]
Active Rain It will be a Merry Christmas Two closings scheduled this week. How tough is the market? The one Thursday is a co op purchase that we have been working on since the Summer. It should have closed last month but problems arose between the lender and the co op board that have finally been resolved. Friday’s closing is a short sale […]
Active Rain Living Beyond Our Means Perhaps I am a little jaded by the large number of short sales I am doing, but is anyone living within their means? I run into too many people who put granite counter tops ahead of saving for retirement, or new bathrooms ahead of college funds. When the creek ran high they had no reserves. […]
Commentary Two Magic Words There are two magic words every consumer should know when considering a real estate agent and I almost never hear them. The two words form a question rarely if ever asked; in 2008 only one client of mine (I have 40+ listings) made the inquiry. I was only to happy to answer, because it gave […]
Commentary Fannie Mae to Tenants: Don’t Move Item: Fannie Mae will allow the tenants of foreclosed homes to remain instead of evicting them, effectively making the organization a landlord. I was afraid of what would happen when the government essentially nationalized the mortgage industry. This is the law of unintended consequences at it’s worst. Doesn’t Fannie Mae have enough headaches? Is the […]
Active Rain Short Sales: Loss Mitigation or Loss Enhancement? I cannot speak to the Wall Street side of the matter, but it was bad loans that started the dominoes rolling in the current down cycle we are all working through. I therefore have little confidence in the lenders’ judgment, especially where it concerns working out a short sale. I have done dozens of short […]
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