Will Sub-Prime Regulation Bill Pass?

The [tag-tec]Borrower’s Protection Act of 2007[/tag-tec].

It’s Congress’ way of reigning in the overly active sub-prime market.

Is it a good thing? Will it pass?

Home for SaleThe [tag-tec]Borrower’s Protection Act of 2007[/tag-tec].

 

It’s Congress’ way of reigning in the overly active sub-prime market.

 

This is a clear example of what happens when things get out of hand.  Congress steps in.

 

Is that always a good thing?

 

Depends upon who you talk to.

 

Sure, there have been problems and unscrupulous activity.  Borrowers have been steered into bad loans.  Question is will bad law make that right?

 

[tag-ice]John Robbins[/tag-ice], chairman of the Mortgage Bankers Association,  sums it up best.

"Make financial education a priority.

Simplify the [tag-self]mortgage[/tag-self] process and increase transparency about the functions and fees of key professionals.

Create a uniform national standard for mortgage lending with more accountability for professionals."

 

Read More

 

 

What Are the Top Ten Things Wealthy Homeowners Want Most?

Forbes has released a new list and as usual, it’s surprising.

There’s everything from a [tag-tec]Neorest 600[/tag-tec] seat warming toilet to a Sub-Zero refrigerator.

So what does this list have to do with those of us who are not building or [tag-self]rehabbing[/tag-self] multi-million dollar homes?

Bags of Money

Forbes has released a new list and as usual, it’s surprising.

 

There’s everything from  a [tag-tec]Neorest 600[/tag-tec] seat warming toilet to a Sub-Zero refrigerator.

 

So what  does this list have to do with those of us who are not building or [tag-self]rehabbing[/tag-self] multi-million dollar homes?

 

You can get lots of ideas for what the lower markets may also  be interested in.

 

For instance, some of the  new [tag-ice]kitchen[/tag-ice] trends could possibly  help with a sale in this fussy buyers’ market. 

 

Maybe your  $half mil rehab   would never support a Sub-Zero frig, but  there are certain attractive features about it which  you may be able to find on cheaper appliances.

 

Read More

Have We Reached the Bottom of the Housing Market Yet?

Everyone is looking for the bottom of this [tag-tec]housing[/tag-tec] market.

Is it possible to find?

Or should that really be the number one goal for the savvy investor?

Time and Money

Everyone is looking for the bottom of this [tag-tec]housing[/tag-tec] market.

 

Is it possible to find?

 

Or should that really  be the number one goal for the savvy  investor?

 

Of course, it’s now time to buy, but too many people are trying to time the market as if it were the stock market.  They want the absolute bottom.

 

We keep stressing this.  Real estate and stocks are totally different.

 

Our advice?

 

Research, research, research.  [tag-self]Due Diligence[/tag-self].   Look for the deals.

 

They’re  out there because [tag-ice]foreclosures[/tag-ice] are up and  there are larger numbers of homeowners who will do almost anything to get out from underneath their suffocating mortgages.

 

All you have to do is to be there to solve their problems. 

 

Read More 

 

 

What Happens When Tenants Rule?

New York [tag-self]tenants[/tag-self] don’t like rent increases. And they have lots of power. Landlords have to go to the Housing Board to get permission to raise them.

This is what happens when tenants control the rental market.

New York

Here’s what happens when [tag-tec]tenants[/tag-tec] rule.

 

New York’s  Housing Board is scheduled  to vote on rent increases for the  city’s 1 million apartments.

 

Let’s hope it goes more smoothly than last year.

 

New York [tag-self]tenants[/tag-self] don’t like rent increases.  And they have lots of power.  Landlords have to go to the Housing Board to get permission to raise them.

 

It’s called [tag-ice]rent control[/tag-ice] and it’s a left over relic from WWII when overcrowding and price gouging were top problems.

 

Last year tenants interrupted the meeting for three hours  by banging on bongo drums and generally making a lot of noise.

 

Now they think they’ll  need a metal detector.

 

Read More

How to Speak to a Professional

Do you feel confident talking to everyone you find yourself doing business with?

Can you wade through the legalese in contracts?

Help is on the way.

 

Laughing LadyDo you feel confident talking to everyone you find yourself doing business with?

 

That may be a long list and it can get complicated, especially in our world. 

 

Can you wade through the legalese  in [tag-self]contracts[/tag-self]?  Do you sometimes have trouble understanding your own contracts and leases?

 

What about those situations where you don’t want to talk and someone is trying to pump you for information?

 

How about other times when you need information from a real estate agent, [tag-ice]mortgage broker[/tag-ice], or a [tag-tec]contractor[/tag-tec] and they won’t talk, or at least tell you what you need to know?

 

Is there a way to get the most vital  information which can save you tremendous amounts of money, not to mention stress and time?

 

Help is here.

 

B.J. Wade has  some quick tips you can use to upgrade your information gathering techniques.These tips will help in almost  any conversation.

Read More