So, Exactly When Did Saving Money = Committing a Crime?

The answer: Sometime in the past 9 years. I’ve written on this issue before in regards to small business, but it is becoming a problem for buyers and sellers too. Picture this: You are saving money for a few years in order to purchase a house. You save birthday present and Christmas present money. You […]... Read More

Tools Sellers Can Use to Sell for More, Without Banks, FICOs or the Government

Seller’s market or Buyer’s market? It depends on what you are selling and where you are selling it. It is increasingly difficult to get FHA, Fannie Mae, Freddie Mac or other federally backed financing for condos. Lending guidelines for boomerang buyers have become more restrictive with longer wait times and young first time homebuyers with […]... Read More

MORTGAGE APPLICATIONS DOWN, HOME SALES PLUMMET

I predict you will see some form of this headline in the next week and over the next 4 months. Why? Because that is what the architects have designed. Fannie Mae and Freddie Mac changed their loan qualification guidelines several years ago. They declared that in order to get more qualified buyers into houses and […]... Read More

CHOOSING YOUR PROFESSIONAL TEAM MEMBERS – PART 2

Your team should include a Certified Public Accountant (CPA). These professionals are best equipped to give you advice on tax implications of your decisions and make suggestions as to structuring your financial affairs. CPA (Certified Public Accountant) – This is particularly important if you have family assets or a small business. When a loan is […]... Read More

PUT YOUR TEAM TOGETHER

The bank has a team, a large team, to support and inform its decisions. This team consists of economists, lawyers, CPAs, MBAs, clerks and various other support personnel. When deciding the best course of action for the bank, the bank executive consults with these team members first. Frequently, homeowners who become delinquent on their loans […]... Read More

BUYERS SET THE MARKET – LIKE IT OR NOT

Sellers are dropping prices, inventory is still low and buyers are hesitant to purchase. What is going on? According to Government and some industry statistics, the housing market is recovering, the stock market is up and QE is still with us, all is good. Then why am I seeing price reductions across the MLS and […]... Read More