Archive for March, 2007
Market Too Slow To Make The Rent? This Guy Became A Trapper
The slowdown in the real estate market has made some rethink their career choice. Some have gone back to their past careers but this Central Michigan man has made a more interesting decision. He has gone from a real estate appraiser to trapper.
Richard C- Smith has been a recreational trapper…
No commentsStated Income Mortgage Loans - A Few Things You Need To Know
Stated income mortgage loans are an ideal type of loan for those that are in need of a mortgage in which their income is not verified. On this type of mortgage you simply state what your income is but it is not necessarily verified with the employer. Yet, your employment is verified and assets are…
Failure To Escrow SubPrime Another Nail In Borrowers Coffin
Ken Harney has to be my favorite real estate writer in the media. He is dead on this week with his column on the upside down nature of escrow in the lending arena.
According to some industry estimates, a majority of subprime mortgages closed during the housing boom years carried no escrows for pro…
No commentsWall Street Pulls The Plug On SubPrime Market and Lenders Go Down The Drain
The subprime market is hitting the final stages for a while as the Wall Street financiers are cutting off access to capital and placing expensive restrictions and contingencies when they lend at all. Wall Street is a brutal place where your best friend will also cut your heart out in a second if the…
Is The Media Too Invested in Real Estate To Be Unbiased?
Scanning the internet this morning after being awoken (way too early, I may add) by my soon to be 7 year old with a stomach ache, I ran across this article on how to deal with a real estate slump. Besides the gloom and doom that articles of this sort trumpet, there was an interesting point that the …
Open House Sign Crackdown in Orlando Causing Concerns For Realtors
Planning an open house on an off street in Orlando or other parts of Florida? If you were planning on driving traffic to the home using signs on busy street corners, think again. The code enforcement folks are cracking down hard and empowering any city employee to remove signage that is put up …
LeBron James Building a New 35,000 Square-Foot-Home
The new home that LeBron James is building is the going to be the talk of Cleveland. All of the sport shows are talking about the 35,000 square foot home that he is building. It is being referred to as a playground for adults including a full casino.
I wonder if he is putting in the casino so he ca…