In December of 2007, we hadn’t given almost a billion dollars to banks. But the government and the blogosphere was abuzz with talk about bailing out home owners.
Tag Archives: investment
Wayback Wednesday… Forsclosure Thoughts, 2007
- Wednesday, 09 December 2009 08:30
- Written by Lane Bailey
- 0 Comments
Absorption Rate? What is this about?
- Saturday, 05 December 2009 08:15
- Written by Lane Bailey
- 1 Comment
There are some terms that we toss around in the real estate industry as if people knew what we were talking about… Absorption Rate is one of those terms.
It isn’t complicated, but if you are unfamiliar with the term, if can be confusing. And unlike “Bacon Double Cheeseburger”, it isn’t really self explanatory.
FlashBack Friday… 1
- Friday, 04 December 2009 09:04
- Written by Lane Bailey
- 0 Comments
Maybe you noticed on Wednesday that we started a series called Wayback Wednesday… In it we are showcasing a post from two years ago. Well, we are doing something with posts from a year ago as well… FlashBack Friday.
(Get a) Home for the Holidays (?)
- Friday, 20 November 2009 16:43
- Written by Lane Bailey
- 0 Comments
I was talking with one of my mortgage guys a few days ago, and the subject of mortgage timelines came up… and there is still time to get your dream home for the holidays… OK, not Thanksgiving… but Christmas is still possible for a few days… New Year’s is possible for about a week.
Short Sales, Bank-Owned and Credit Pulls
- Thursday, 19 November 2009 18:48
- Written by Lane Bailey
- 3 Comments
A few days ago I wrote about how the purchase offering process is having issues… issues that are especially apparent on Bank-Owned Properties (we call them REOs).
Banks are often requiring that ALL offers be accompanied by pre-qualification letters from specific approved lenders (perhaps even from their own loan department). In other cases, the brokers representing the properties are interjecting this “requirement” on their own.
This morning, local (and nationally syndicated) radio talk show host, Clark Howard mentioned