I am man enough to admit that I cried tonight. Yes in front of my wife and one of my daughters I wept. They were tears of joy as I watched the ABC special celebrating the opening of the Oprah Winfrey Leadership Academy for Girls in South Africa.Oprah fulfilled her dream of building the academy a
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02/26/2007
Today, I had the honor of welcoming David Montelongo of Monelongo House Buyers and the hit reality television program "Flip this House" as a guest on our radio broadcast the Real Estate Today Show (http://www.realestatetodayshow.com/). I admit that I am a fan of real estate reality television and
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02/25/2007
In recent weeks the Alt A and sub-prime mortgage markets have transformed as a number of key players in this segment of the market have shuttered their doors due to a loss of liquidity, buy backs, defaults and a number of other factors. For example New Century has lost 43% of their market value i
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02/24/2007
I love working with first-time home buyers especially the individuals who come into our office convinced that they will not be able to purchase a home; they just know that at some point in the process we are going to call to advise them that they have been turned down. It is always satisfying to
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02/18/2007
Ok, if you have experienced the following or know of someone who has please raise your hand. I was at a closing this morning and the buyers agent was sharing a story with us concerning a transaction she is working on with a FSBO property owned by Countrywide Mortgage. They placed an offer and rec
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02/14/2007
It is amazing how many reality television programs have emerged in recent years, which is driven equally by popularity and economics for the networks. These programs largely fall into three primary categories: 1. Reality drama such as The Osbornes, Growing Up Gotti and the Real Housewives of Oran
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02/07/2007
For homebuyers and refinance borrowers who close on a loan with mortgage insurance, the 109th Congress has granted a gift in 2007. For transactions that fund between January 1, 2007 and December 31, 2007, borrowers will be able to deduct mortgage insurance premiums paid on their 2008 Federal Tax
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02/07/2007
I teach a class for Realtors on the subject of how to work effectively with a mortgage lender. Last year I taught this class at the Douglas Elbert Realtors Association and one nugget of affirmation came back to me this week. I was visiting a Keller Williams office and an agent that had attended t
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02/04/2007
There has been tremendous focus in recent months on the use of Monthly Indexed Arm programs and Payment Option programs and the contribution of these hybrid products to the foreclosure problem across the country. As with any other loan product these programs are tools and when misapplied to the
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02/04/2007
In Colorado we have a fantastic Attorney General who name is John Suthers. He has placed a laser focus on the Real Estate and more specifically the mortgage industry. The cause of this attention is the fact the Colorado was the number state for foreclosures in 2006. I have taught a class on RESPA
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02/02/2007
