We're all in this together

Real Estate Agent - RE/MAX Properties SW, Inc.
Our goal is to provide entertaining information which agents can use and which both buyers and sellers will find useful. Sometimes we'll provide crazy stories from our years of practice.
A recent court case in Florida signifies problems for banks wanting to foreclose. A bank filed for foreclosure and submitted an assignment of mortgage as basis for the case. The court found that the mortgage was carried on the books of Fannie Mae and, thus, didn't belong to the servicing bank. Ap...
The Federal Reserve Flow of Funds report was released on the 17th.  It shows that household net worth, which is defined as assets less liabilities, plunged by over one and one-half trillion dollars during the second quarter of this year.  This huge decline seems to be mostly due to drops in corpo...
Fannie and Freddie now own more than 191,000 homes and they are foreclosing on homes at a higher rate than the homes are selling. They are warning lenders to reclaim homes quickly once the available foreclosure alternatives are exhausted.  The two mortgage companies now own more than twice as man...
RE/MAX founder, Dave Liniger, recently stated that "Investor Business Will Grow."  According to Liniger, who cited surveys by Campbell Communications, investors have purchased approximately 20% of the homes in the national market during the past year.    Liniger states that first-time buyers will...
Waterfront on the Butler Chain's Lake Sheen-Disney Fireworks across the lake nightly. YouTube video: http://www.youtube.com/watch?v=zcnrJOufdsQ
Wonderful custom home decorated to a high standard and located on Lake Conway in Belle Isle (south-central Orlando metro area).  Here's the video: http://www.youtube.com/watch?v=-DLTkNP3iNQ Price is $799,900. 
Just listed a great home in SW Orlando for $819,900.  Here's a YouTube video: http://www.youtube.com/watch?v=D-dbivJF7GA
I just finished taking the CDPE course and passing the test (of course-LOL).  I'd heard from many agents that this was the single best course they'd ever taken, so I was prepared for a great experience.  I've also encountered a number of other agents who expressed doubts that the designation was ...
Bloomberg recently published a report that the government's Home Affordable Modification Program may result in an unexpected drop in credit scores. The article cited one consumer whose credit score dropped 59 points.  That's not as bad as the results of a foreclosure, but it's still bad and it ma...

Eric Martell

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Seller & Buyer education, articles about real estate, tools for agents, website tips and tricks, funny real estate stories, commentary about today's world, philosophical musings, humor, personal development, psychology, and general junk.