Michael and Cheron's Blog: Recent Comments

Comment on Commission Rebates

Cash Back Realtor Buyer's Agent Rebate - Testimonials Atlanta, GA Georgia — Thu, 05 Jun 2008 09:11:24 GMT

Great advice about home buyer rebates; always disclose them to the lender.

In addition to the rebate, a buyer should seek out a good buyer’s agent who is focused on saving the buyer money through strong negotiations throughout the entire transaction.

Comment on 9000 listings pending

Jay Dee — Tue, 03 Jun 2008 15:02:32 GMT

I think I would like to see that pending statistic verified by a third party after what is being put out by the News Media. Where are those buyers getting their financing in the Southwest?????? It is just hard for me to believe!!

Comment on The First $2 Billion Dollar Home

Cheron Lange — Tue, 03 Jun 2008 15:03:06 GMT

Wow, now that's an individual/family with way too much money on there hands!
Incredible but as they say, money does not buy happiness.

Comment on RL Brown Housing Report

Cheron Lange — Tue, 03 Jun 2008 15:03:20 GMT

I loved this post! Educational and insightful, not to mention the exposure for John Hall and Let Our Family Help Yours.

Comment on Phoenix Area is 3rd Fastest Growing in U.S.

Cheron Lange — Tue, 03 Jun 2008 15:03:37 GMT

What a great blog! It's good to know that Phoenix is still in the running. Means more people more houses to sell.

Comment on Lender's are Keeping Busy with Falling Loan Rates

dave mason — Fri, 01 Feb 2008 17:40:09 GMT

It is true that lenders are busy, but it is harder to get people financed now. The main reason is falling home prices especially if you are trying to do a refi. On top of falling home prices Fannie Mae is cutting appraisals by 5% right off the top now. You can only do cash out to 80% on stated income instead of 100%. From this point that phone is definately rigning for refi's but they are harder to get done now. You need to have equity in your property.

Comment on Foreclosed Properties in Buffalo to be Maintained

Jay Dee — Tue, 22 Jan 2008 12:29:38 GMT

Most lenders are stupid!!

They only look at the ROI on a loan and never the market conditions. This is what continually gets them in the mess they are all in now. Look at what Country Wide is doing for their former Chief Executive, instead of ‘hanging’ him they are paying him off with nearly $100 million payday. The attorney general for New York State should look into him.

I have been through every one of these professionally since 1971 on the west coast and before that watched my parents deal with the same market up & downs after WWII through the 60’s in New York State. The common thread is bankers never learn and the FED always tightens up in the wrong places after it is too late to have a positive impact. The only thing they have managed to do is effect the time spread in the cycle. They need to wake up and smell the coffee.

The best thing for the professional Real Estate Investor is to watch for opportunities these moron bankers dump in our lap. Then it is a matter of waiting for those fools to do it again cashing in on the process.

Comment on Scottsdale's Farmers Market

Cheron Lange — Tue, 22 Jan 2008 12:30:06 GMT

I absolutely loved this post! I liked that the web-site was there for me to click on and I can view other Farmer's markets across the valley. You know with today's society, alot of families are looking for organic, home grown vegetables. Great information!

Comment on Home Equity Loans

Cheron Lange — Fri, 18 Jan 2008 09:24:31 GMT

It's amazing the crunch that people are getting themselves in. You can't blame the lenders for wanting to recoup some of the lost profit they invested into these individuals who probably didn't understand what a note is when they signed there name on the dotted line.