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FHA Loan Tips & Mortgage Shopping Tips - Don't be caught with your pants down!!! - Part 1 of 2

 

caught with pants down

How many of you feel lost out there or even get help from someone such as a realtor letting you know that they can have their mortgage loan officer help you with your loan, yet you could still be lost. Not all referrals are good ones, just food for thought. I know this, because I have seen it happen more than it should, after a borrower comes to me after they had used someone else that was recommended. No, I am not perfect. But there is a lot more than just telling a borrower a rate and costs after looking at a credit score.

This post is not to point fingers, but to educate not only the borrower/consumer, but the realtor and some loan officers that might just do the basics. What do I mean about the basics?

Example :

Borrower : I am looking for the cheapest mortgage with no points. What can you do for me.

    Loan Officer : What is your credit score?

Borrower : 659

    Loan Officer : I could do 5.25% with zero points.

Borrower :  Sounds great.  Thanks and I will get back to you.

 

 

 

Important Update (example above) :

You should have received a Good Faith Estimate when someone gave you a quote.  To show rate, points, and fees. And that loan officer should have asked about 10 basic questions, which I will talk about below. Important news now on this….  As of January 1st, 2010, there is now a new law in regards to RESPA and new disclosures. Please read below…

 

 

 

Mortgage Goals

As of January 1st, 2010, no loan officer and or lender will be able to give you a Good Faith Estimate upfront when shopping for a mortgage. There will be about 6 triggers that have to take place for them to offer the good faith estimate.  I think this will hurt shopping for a mortgage now more than ever before.

What has always been a pet peeve of mine is that many loan officers just give you what you want to hear. Yet they don't ask you some very important questions. One of those main questions should be about your goals, no matter if you are buying or refinancing. What questions should they be asking?

1. My first and biggest question. How much of a mortgage payment would you be comfortable with?  A payment range, to include taxes & homeowners insurance.

2. How long do u plan on staying in the house. Yes, the borrower doesn't have a crystal ball, but many still have an idea. And this question should be broken down to 3 years, 5 years, and 7 years. Please read : My 10 top questions when interviewing a borrower.

 

 

 

2 very important mortgage tips :

1. Credit Scores - There are still some lenders that can do credit scores under 620, down to 550. Beware, they are almost impossible to close. I am getting about 2 e-mails a week now from borrowers that were told no problem, and the lender can't close. There are many reasons for this.

2. Making offers - I am also getting e-mails from those that just put an offer in on a house and now want to see about getting a mortgage. First and fore most, speak to a well qualified loan officer. And even though this loan officer should be interviewing you, interview them. Truly understand who you are dealing with and the company that they work for, no matter how you got their name. I can't stress this enough. SO much can be found on the internet about individuals and companies now.

 

 

 

Summary : Overall, there are going to be more issues when moving forward in 2010. Any loan officer that gives a true Good Faith Estimate upfront, could very well be out of compliance. Yet, if we aren't allowed to do this, how can a borrower shop effectively?  What, just give the borrower a rate over the phone?  That use to get under my skin from day one in this business, because anyone could do that. Rates change daily also. In any case, I will be talking about the new RESPA laws and breaking down the importance of this in Part 2. For a quick example to a negative impact on this new compliance, Gerry Suarez gives a good example of this. The Road to Hell and the new mortgage disclosures.

 

For some more good reading :

The Basics of FHA Loans - Mortgage 101 for FHA Mortgages - 08/24/09

Credit scores - FICO scores for mortgages - I need a 700 credit score?

 

 

 

  • Mortgage shopping tips - The new Good Faith Estimate, 2010 RESPA compliance issues. - Part 2 of 2

 

 

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For more information on FHA loans, please go to this link. The FHA Expert

For more information about the 2009 Tax Credit for First Time Homebuyers : 2009 Tax Credit

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

 

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

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______________________________________________________________________________________________________________

For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Comment balloon 51 commentsJeff Belonger • January 03 2010 08:41AM

Comments

Jeff,

Thanks for posting. Valuable information. Meanwhile, I have a general blog post question for you. How are you able to get those different font sizes? When I create a post, it is not giving me the options to change colors or sizes.

Posted by Eric J, Dream Home Financing (Eric J - Dream Home Financing) over 9 years ago

With the new GFE rules and LO's / lenders required to stick to their quotes ... when the GFE goes out, well God forbid something was wrong - the lender will eat it. This will make shopping askew as I can see many lenders over estimating on everything so they don't have to PAY to close a loan. 2010 WILL be very interesting indeed.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 9 years ago

 

ERIC....  thanks for the compliment.  In regards to the font sizes and the colors....  there are several ways to do this. It would be easier in an e-mail or on the phone.  If available, I will try calling you in an hour.  thanks

STEVE.... excellent point which I will be talking some about in part 2. Overall, again, the gov't trying to over-protect, yet they will make it harder on us all.... and it will hurt the average borrower.  thanks

 

Posted by Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc) over 9 years ago

Excellent and very informative post Jeff. The new Good Faith estimates are a good thing for the consumers and I think will go a long way to helping the buyers understand what money is needed up front. Can't tell you how many times buyers have been surprised by fees near the end of the process.

Happy New Year Jeff.

Posted by Monika McGillicuddy, Southern NH & the Seacoast Area (Berkshire Hathaway HomeServices Verani Realty) over 9 years ago

Jeff - 20100 will be interesting in terms of these new requirements. You have to wonder how the lenders are actaully going to respond. Good questions and issues to be aware of in this post.

Happy New Year - glad to see you back.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) over 9 years ago

Thanks Jeff for another great post!  The new rules will make for some trouble I'm sure...

Brian.

Posted by Brian & Marie Spray, Frisco TX Realtors (www.DFWAreaRealtors.com - Action Realty Group) over 9 years ago

The loan officers that take time to educate their borrowers, I don't believe will have any issues. 

It's the ones that just throw the number out there; I believe will have the most heart burn.  They will still be able to do that and I believe they will. They will create a separate estimate of closing costs on their own forms (not the GFE form) and avoid the six trigger points that define a loan application and thus requires the 2010 GFE and its guarantees.

The borrower is not going to know the difference, in many cases.  This is where the loan officers that have always done their job can shine ever brighter.  Simply by pointing out what is required, how they meet the current requirements and let the borrower make an informed decision.

Borrowers that choose not to make informed decisions?  Don't see how this is really going to help. 

Posted by Mark Watterson, Utah Real Estate over 9 years ago

Jeff: Thanks for the post. Personally I don't like being shopped. The new GFE may actually help me in that regard. It will also continue to force the LO's to get better at their craft. Otherwise, they'll be paying for their inaccuracies. I wish you well in 2010. This is the time where the players will step it up a notch!

Posted by Paul McFadden, Pest Control, Seattle, WA. (Paratex) over 9 years ago

 

MONIKA.... . Thanks for the compliment... but I will have to disagree with the comment about the new good faith estimates will help borrowers more now.  If good faith estimates were done correctly in previous years and that the loan officer didn't bait and switch, there would be nothing wrong with the system. The new good faith just adds more confusion.  It's the new MDIA law that went into affect that will keep loan officers from last minute fee changes, and that went took place on July 29th, 2009. The New MDIA rules of 2009  Overall, just my opinion... but thanks for the compliment and for stopping by.

JEFF.... . We are having a managers meeting tomorrow to go over this and set the company rules in regards to these new changes.  I know companies like Bank of America...you do not get a GFE unless you fully apply with them.  So how can one shop unless they fill out multiple mortgage applications. And who will get around who. I will be writing about this in detail in my next blog.  Thanks for the hello and Happy New Year to you too.

BRIAN & MARIE.... . I agree, hence why I wrote this post.  Much trouble and it will look bleek for new home buyers in 2010, because of these changes.  And thanks for reblogging this...

 

MARK... . well, I see what you are saying, in regards to your first statement.. you said... "The loan officers that take time to educate their borrowers, I don't believe will have any issues".

Here is my take on that.  This will still hurt the loan officer that takes their time to explain things... there will still be many borrowers that will first talk to a loan officer that didn't take the time and just get a quote over the phone.  And these same people will give you a  hard time and say..."why can't you just give me a quote over the phone?"  They then won't want to take the time to answer my questions and just want a quote... so, I will still lose out, unless I want to play the same game.

Overall, I agree with the rest of what you said. Companies and loan officers will and already have made up their own cost sheets and I think we are doing the same. But what will be missing on some of them? Here is one thing that you stated.... "Borrowers that choose not to make informed decisions?  Don't see how this is really going to help."

Here is my problem with this... can the consumer/borrower be held responsible for these bad decisions, if they talk to a loan officer that is just a good sales person.. telling them, the borrower, what they want to hear?  Lying to them?  Deceiving them? Who is to really blame there?  How can a borrower always tell who is being upfront and honest with them?  Overall, this will hurt the borrower big time.

 

PAUL.... . I don't think any of us like being shopped... sure, I always love a good challenge... but when I lose, and the borrower wasn't given good information and or information was left out?  Good example... like ho to compare a fixed rate and an adjustable?  this ticks me off...  How will the NEw GFE make loan officers better?  I think the MDIA change will keep more people honest.  The new GFE?  In my opinion, will just add more confusion and forces more borrowers to shop, and the shopping won't be as accurate as it was in the past, because you just can't hand out a GFE now. In any case, best wishes to you in 2010 also.

 

Posted by Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc) over 9 years ago

Jeff,

As always, great information.  It's all about trusting the right people.

Posted by Marzena Melby, Realtor, Twin Cities Minnesota Real Estate (Coldwell Banker Burnet Realty) over 9 years ago

Jeff,

You are always on top of the mortgage situation and keep us well educated. Thanks!

Posted by Irene Kennedy RealtorĀ® in Northwestern NJ (Weichert) over 9 years ago

Jeff- Points well taken.  

Is there a way to rid any practice from all the bad apples?  Not really.  But I believe we have to work at it.

I like that the GFE isn't ever changing and once a borrower makes a decision based on it, they can depend on the numbers.  If they do change then they must be re-disclosed.

Will there ever be a way to protect those are only looking for price/rate?  I really don't think so.

I known when I'm in the learning process I will ask a minimum of three (so called) experts.  The information that is consistent I start believing. Also when I have found a honest person (no matter what field) I stop looking and in the future I have my go to guy or gal.

I guess my issue is with those borrowers who don't take the time to make informed decisions.  Especially if they have the tools and I believe this put better tools out there for them to work with, by putting more accountability on the LO's.  

The borrower need to shoulder some accountability at some level for their decision making process. 

Posted by Mark Watterson, Utah Real Estate over 9 years ago

Jeff--I heard about the January mortgage changes and will be looking to you and your blog for up-to-date info. Happy New Year!

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) over 9 years ago

To bounce off of your previous comment to me, I think overall it will help us that are left in the business. Also, I've heard of big lenders (I won't mention) that are charginf $895 - $995 origination charge on EVERY loan. There more I hear the more I don't think this is going to help the consumer by shopping for lower costs, etc. because everyone is scared, needing to over estimate, etc. We'll see how it pans out. I just don't se eit helping though.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 9 years ago

Jeff - Good post. One point to add. Even thought a lender won't be able to issue a formal Good Faith Estimate until they are under contract, the new rules do not prohibit lenders from issuing a non-binding estimate. Our loan officers will be doing a closing cost "worksheet" for every borrower.

Ultimately, the loan office that does not ask at least the basic questions is going to be squeezed out of the business if they havn't already been. Most borrowers appreciate a L.O taking the time to ask a few questions.

Posted by Mike Lesmeister, CRMS, CMPS (CMG Financial) over 9 years ago

More disclosures, more Federal interference help.

IMHO - It's going to be tougher for borrowers to find good lenders/mortgage brokers and to understand their options.

Posted by Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M (Donovan Blatt Realty) over 9 years ago

Jeff as always a great informational post. Not being able to shop for quotes getting the GFE is not helping anyone.

Posted by Chip Jefferson (Gibbs Realty and Auction Company) over 9 years ago

Jeff, thanks for the great information and it's really good to have you back and posting.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 9 years ago

This is a good intended idea without thinking through the process.  Shoppers will be stymied when they need to apply for a mortgage to get a GFE and lenders who make too many mistakes will be short in the business after "curing" the errors on the estimate.  Once again the powers that be have jumped headfirst into a massive change. Eating an elephant one bite at a time would have been a better idea..........................chris

Posted by Christopher Pataki, Hockessin Delaware Real Estate (Keller Williams Realty) over 9 years ago

I will forward this on to some buyers that had an offer on one of my properties.  They used there own bank and they had no idea how to handle an FHA loan.  It ended up costing the buyers over $800 dollars and after 90 days there finally where denied the loan.  It was a real mess.

It seems some of these bankers don't realize they are playing with peoples lives. 

Posted by Shelly Fisher, Property Specialist - Lake Burton Club, Rabun County (Lake Burton Club Realty-Clayton Ga) over 9 years ago

Excellent info! Thanks!

Posted by Becky Morris (Beacham & Company Realtors) over 9 years ago

Catch-22... Buyers shopping for loans don't want to give out all of their information and Loan Officers don't want to give their rates / fees..

If I was a loan officer... I'd just distribute interest rates to all of the agents with my stated fees with a couple of scenarios once a week.

My biggest hangup... lenders who say one thing but don't perform.... which is why I refer people to my highly qualified Loan Officer of 7 years... who will not touch anything unless they know they can close it.

Precisely why a Referral from an agent that does business is golden... we don't want to waste anybody's time/money trying to chase the impossible.

 

Posted by Paul Francis, Las Vegas Real Estate Agent - Summerlin Homes (Francis Group Real Estate) over 9 years ago

Jeff, great advice, as always - on every single point!  Hope your 2010 is a wonderful year.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) over 9 years ago

Jeff,

It is going to be tough on the consumer with the new GFE. Even though Washington is bent on more transparency the new GFE will be able to hide more stuff. Transparency is always in question when it all boils down to one number.

Thanks for the post and happy new year.

Posted by Mark Warner (RealEspace) over 9 years ago

jeff,

You've got to kidding with your definition of a GOOD SALESPERSON, your quote, "Here is my problem with this... can the consumer/borrower be held responsible for these bad decisions, if they talk to a loan officer that is just a good sales person.. telling them, the borrower, what they want to hear?  Lying to them?  Deceiving them? Who is to really blame there?  How can a borrower always tell who is being upfront and honest with them?  Overall, this will hurt the borrower big time.

Posted by Kimo Jarrett, Pro Lifestyle Solutions (WikiWiki Realty) over 9 years ago

I like this post and your approach to business.  There are no easy answers when it comes to loans.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) over 9 years ago

Jeff,

Great Post,

I had a recent potential client ask for me to quote her a rate.  I explained the new laws and she did not want to hear any part of it.  She stated that lenders were quoting her rates left and right with fee strutures and no GFE.  She would not take an application with me, so I just told her I could not help her. 

Thank you for pointing out the new laws.  Now the only problem is getting HUD to enforce their new rules.  The good guys like you and me play by the rules, I am just worry about all these other lenders that are not going to follow these new rules properly. 

Posted by Gary Miljour, Mortgage Originator NMLS Licensed in AZ and NC (Lend Smart Mortgage NMLS#207208) over 9 years ago

Jeff - great advice as always, we've reblogged your post to share with our readers as well.

Happy New Year!

Monica

Posted by Monica Bourgeau, Business Coaching (New Phase Business Coaching) over 9 years ago
Jeff, You bring up a very interesting point: The new RESPA requirements are supposed to protect the home buyer, providing as much disclosures up front to prevent the foreclosure crisis we are trying to come out from. Having been a loan officer for a bank and a broker, I can definitely agree that doing a pre-approval for a client first to determine the comfort monthly payment he/she can afford, determining the down payment and closing costs, and establishing good rapport will tell the realtor or the lender how to proceed. Interest rate shoppers are not worth our time. A real buyer will know with your help the many options available, then get a pre-approval at the 30 year rate (to have room for any shifts in the interest rate). My lender provides me with a daily interest rate so I am prepared to give various scenarios. Thank you all for the update.
Posted by Nancy Riley MBA, Real Estate Agent (415) 260-9539 Bradley Real E over 9 years ago

Jeff, Thanks again for the link love. The topic is obviously VERY much on peoples minds and everyone has an opinion (mostly negative).

I did want to clarify something that seems to be coming up often in comments to both of our posts. HUD does not prohibit supplying a GFE before the six triggers are met, they only require the GFE be provided within 3 days of meeting those triggers (I know I'm getting a bit complex, but this is mainly for the lenders out there). This means we can give a borrower a GFE before they have a contract. It also means we would be limited as to how much we could change that GFE once they do pick a property. The idea that a GFE cannot be given seems to stem from the fact that many lenders are adopting that as policy (call it another overlay). This can prove to be a BIG deal when I can commit to my costs and give a GFE at will but BofA can't supply one until you apply...

and congrats on the feature- you're back with a vengence! :)

Posted by Gerry Suarez Jr., FL Mortgage Guru (Jet Home Loans NMLS 1660135) over 9 years ago

Jeff:  Great post on what buyers should now be looking for.

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) over 9 years ago

 

MARZENA.... comment # 10 .... . thanks.. and yes, it's all about trusting the right people. The problem is, who and how do you trust?  Just because one says, "Trust Me"???

IRENE.... . my pleasure... i not only enjoy being on top of things, but it gets me business from blogging like this.

 

MARK.... . thanks for coming back... I agree with most of what you said. Sure, there should be more accountability placed on the consumer, but how does one know if it's the right info though?  Or information that is lacking.

In regards to checking with several sources?  You need to be very careful about this... hence why I wrote this blog.  Do two wrongs make a right? I actually had some call me once, that was told by 3 different loan officers, prior to talking to me, that they could get a loan even when on workman's comp. You can't... yet 3 people guaranteed him this, each took an application, and he was denied by each one 30 days later...  he wasted like 2 1/2 months on this. I use to tell clients to call 3 or 5 other loan officers, if they didn't believe me. Now I don't say this.

Overall, yes, I like the MDIA stuff, that if costs change, they have to be re-disclosed 3 days prior to closing.  Yet, in reality, this was kind of a hidden thing prior to the MDIA act, that lenders still had to re-disclose if costs changed prior to closing.... but it could be done the day of settlement. Thanks again for coming back and adding to this conversation.

TERI... . thanks for the support and for the trust. I should have this part 2 out by tomorrow.  And Happy New Year to you also.

STEVE...comment # 14. .  thanks for coming back.  Yea, I agree, I don't see this helping out. The good thing is that I was always a little higher on my GFE's...  I think some are going to use this to their advantage, to be higher on the estimates and maybe tell the borrower that they wil refund or credit... or reduce the costs at the end... yet, might not... or just say that this is what it is now. I guess time will tell...

jeff belonger

Posted by Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc) over 9 years ago

I am looking forward to part 2 ,,, but I do think this year will be another interesting year in Real Estate

Posted by Gene perez (Greater Mortgage Solutions & Valley Hills Realty ) over 9 years ago

Jeff, Love your content! You obviously know your stuff! I agree with your analysis. Also, I've closed a lot of deals with Bank of America last year. They will go down to 580 with compensationg factos( good job history, a decent 401k,etc.) I've had zero problems closing with them on a 30 to 45 time period. Wells goes down to 600. As with any company, with the right loan officer, Wells can get a FHA done in 30 to 45 days.

Posted by Frank Montro, Top Producer (Oak Realty) over 9 years ago

Thank you for an informative post. The loan industry is undergoing a lot of licensing and internal changes. The loan agent who can close a deal without asking for a share of the real estate agents commission to help with closing cost is sure appreciated. I work hard for the little that is left after everyone else gets paid and do not like to share. Hoping for the best in the new year.

Thank You

Posted by Mike Warfel, Associate Broker (Bauer-Reno & Assoc.) over 9 years ago

I agree this new ruling will hurt shopping for a mortgage. The scariest thing is that buyers aren't going to realize it until they are in the middle of it because they have no clue. It's important that we agents give them a heads up when we first meet them.

Posted by Beverly of Bev & Bob Meaux, Where Buying & Selling Works (Keller Williams Suburban Realty) over 9 years ago

Jeff, thanks for the info. As a newbie realtor and stager I get so much out of Active Rain.  I feel all my time here pays off and I am ahead of the newbies that don't take advantage of it.  I am just beginning to work with lenders so this is very timely!

Posted by Leanne Zumbrunnen (Showhomes of Kansas City) over 9 years ago

Great job on showcasing FHA loans - from the FHA Expert!  Also,  Congratulations on being the #1 loan officer in 2009 here on Activerain.  You deserve the kudos!

Posted by Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge (Fonville Morisey/Santrock Realty Group, Inc. ) over 9 years ago

Wow, Jeff!  You DO know your 'stuff!'  I came by to congratulate you on the best of the best award and found this awesome post.  You are truly a wealth of knowledge and are you're most appreciated!

Here's to a fabulous 2010 for you!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) over 9 years ago

Saw your post and just wanted to say hi Jeff and thanks for all your informative post. I read them all the time or at least every chance I get.

Posted by Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl. (Charles Stallions Real Estate Services ) over 9 years ago

Jeff!  Came here by way of re-blog.  Another great mortgage post! 

Need a mortgage in New Jersey??? Can't you tell that you need to call Jeff!

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) over 9 years ago

Thanks for the concise and to the point low down for the buyers.  It is difficult at best to explain this to people who have bought homes in the past and are now frustrated by the government's trying to protect them from themselves and others.  Everything gets so convoluted the more they "try" to help.  I get frustrated and it's no wonder the consumer is mad and confused as well.  Looking forward to your next blog on the subject. 

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) over 9 years ago

It is incredible how all of these changes are implented.  Some make sense and others are ludicrous. All we can doo is educate ourselves and our clients so everyone can make the best choices.  Please keep us posted as you learn more. Happy New Year Jeff.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) over 9 years ago

Jeff,

These are some scarey times we're in right now.  But still exciting! Can't wait to see how everything changes once again in 2010.  Was great to finally meet you today at Rain Camp!

 

Lisa

Posted by Robert and Lisa Hammerstein -201-315-8618, Bergen County NJ Real Estate (Keller Williams Valley Realty) over 9 years ago

Jeff, great information !  I have in this business for many years and  communicating to our clients is now more valuable and essential now than ever before. Have a great day !

Posted by Eric Meruelo, Vice President / Sr. Loan Officer over 9 years ago

I suspect "an interesting year in real estate" my be a massive understatment.  Fasten your seatbelt and hang on tight....

Posted by Beverly Femia, Broker Realtor Stager - Greater Wilmington, NC Are (BlueCoast Realty Corporation) over 9 years ago

Jeff - I just wanted to say that it was great to actually meet you in person yesterday at Rain Camp.  Felt like I already knew you from your blog. 

Posted by Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT (William Raveis Real Estate) over 9 years ago

It is an interesting year already!  Boy have we witnessed so much already!

I can only wonder what other changes are on the way this year!!

This will be a roller coaster year for everyone!

Thanks

Tom Davis

Posted by Tom Davis, FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor (Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today !) over 9 years ago

Thanks so much for this great post! I will be reblogging this in the next few days because it's timely and necessary information!

Posted by Rebecca Fisher over 9 years ago

JEFF..Excellent Post!

HELPFULHANNAH

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 9 years ago

what would you say the prospects are for 2013 for mortgages getting tighter?  and do you think the shadow inventory will bring down prices... 

Posted by Dave Sullivan, Michigan Realtor with an investor viewpoint (Real Estate One) over 6 years ago

Participate