Realtors Urge Regulators to Reconsider Narrow QRM Definition!

Washington, DC, June 22, 2011

The National Association of Realtors® is urging regulators to go back to the drawing board on the proposed Qualified Residential Mortgage rule.

At a news conference on Capitol Hill today, the original sponsors of the QRM provision in the Dodd-Frank Act – Sens. Johnny Isakson (R-Ga.) and Kay Hagan (D-N.C.) – joined Reps. John Campbell (R-Calif.) and Brad Sherman (D-Calif.) to urge regulators to reconsider unnecessarily high down payment requirements under the proposed QRM rule.

Real Estate & Inflation!

Greetings folks, awhile back I wrote a blog that featured John Paulson and his rationale for taking the plunge back into the housing market.  Paulson cites inflation as the precipitator for his logic.  Well to be honest, most thought he was delusional.  But there may be more to this chaotic thinking than we had anticipated.  However, I can assure you of one thing….inflation is not the only reason to risk heading back into housing market.  Let’s examine this concept further. 

A Story About 2 Pebbles! The difference between Logical Thoughts & Lateral Thoughts!

Hey folks, just the other day I was enjoying a pre-Valentines Day/anniversary brunch with my daughter Arhonda and her husband Kevin.  By the way, my daughter is a Veterinarian who just opened a new animal hospital in the Midtown Atlanta area.  Excited about her new venture, the conversation soon focused on the hospital. 

It is very apparent that this was a daunting task that has weighed heavily on her.  She had come a long way through construction but there was still a ton of things that demanded her attention.  One thing about Arhonda that you can always count on is her big infectious smile that seems to warm even the coldest of strangers.  The smile today was gripped by fatigue, worry and stress.  I could tell by her tone of voice that she had really hoped to just enjoy a great meal and engage in much lighter conversation.

“Now is a Great Time to Buy a home?”

Happy New Year everyone!!!  Wow, what a year 2010 turned out to be!  Yeah with a lagging and slow recovering economy the passing of 2010 for some people was a cheerful sight.  But for others, it proved to be a year full of promise and unlimited potential. 

 

How Satisfied are you with your Realtor? A Buyers Testimonial!

Short Sale Act of 2010 Introduced To Expedite Short Sale Requests!

Hey folks….given the state of the economy it’s no surprise that many of us have a home that is underwater and a mortgage that exceeds the value of the home.  An option for many distressed homeowners in that situation has been the utilization of the short sale.  This process requires lender approval but provides an option for homeowners to sell their homes for less that what is owned to the lender. 

Housing Recovery on the Horizon?

Hey folks you know just the other day I was at the office and I could not help but over hear another agent battling with a bank to replace an incompetent…okay inept bank representative assigned to the short sale he was working.  After his called ended we engaged in some interesting dialogue that resulting in him showing me a email reply that he had received from that same bank. 

Without mentioning the bank, the email basically stated that the bank in the determination of the current market value of the property did not consider or utilize any foreclosures.  In fact the bank went on to say that while foreclosures are prevalent in the marketplace they are not significant enough to essentially impact or be the driving force of sales in the marketplace. 

Characteristics of Successful People!

Hey everyone….it seems that lately in the news gloom & doom continue to be the featured items on the menu.  Yeah, its real easy to get caught up in the daily soap opera of event revolving around BP,escalating unemployment, health care, various political escapades, and the economy.  Hmmmmm….Crime seems to be on the decline, well at least lately according to statistics.  Maybe because it’s just been so darn hot everywhere its a health risk now to wear the offical black attire of criminals.  Ask the recently celebrated criminal known as the barefoot bandit!  

Fayette County Deadline for Property Assessment Appeals is June 17th!

Hey Fayette County…a very important deadline is approaching quickly!  Property Assessment notices were sent out on or about May 3rd to all property owners in Fayette county by the Fayette County Board of Assessors.  It is their job to provide the fair and uniform appraisal of your property for the specific purpose of determining your proportionate share of taxes.  

Local Sports Champion Heads to Eugene, Oregon for NCAA Track & Field Nationals!

Hey Peachtree City…..The Memorial Day holiday is the official start of the summer season!  Yes this is the time were food, fun, and frolic are at the fore-front of our itineraries.  For you sports enthusiast there is the NBA playoffs, NASCAR, baseball, and of course……golf! 

So what has all this to do with homes, mortgages, and the economy?  Absolutely nothing!  However, I wanted to take a minute and give some recognition to our son who through hard work, courage, tenacity, and just sheer athletic ability has managed in 4 years to make a huge mark on the track and field community.  

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