Real Living GreatWest Real Estate

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Real Estate Broker/Owner - Real Living GreatWest
RECENT BLOG POSTS
  Here is part 3 of 4 of my short sale information blog. It is about the licensing requirements and questions 12-15. Enjoy. III.  Licensing Requirements for Short Sales Q 12.  What is a short sale consultant? A  A short sale consultant is someone who advises on short sales.  Depending on the agr...
11/11/2010
Here is the second part of last week’s blog. It covers the effects of short sales on the borrowers. Questions 7 – 11.   II.  Effect On Borrowers of Short Sales Q  7.  Does a short sale adversely affect a defaulting borrower's credit rating? A  Yes.  Lenders will report the short sale as being set...
11/03/2010
Hi everyone,Today, I'm going to give the first part of a 5 part series on Short Sales. The first part will be the introduction and what the lenders options are when a buyer defaults. Here we go. Introduction Increasingly, lenders are making loans in amounts that become too difficult for borrowers...
10/28/2010
Today, I’m going to give advice on managing your cash flow. One of the most important to consider, when managing your personal finances, is to treat yourself as a business. Businesses live and die on cash flow. If a business runs out of cash, it fails. Managing your cash flow in today’s world is ...
09/29/2010
There’s a lot of talk nowadays about how much the government should be intervening with our economy and housing market. Many believe Washington is simply throwing money at a problem and will never solve it. Many also believe that without the government’s help, we would be in a far worse situation...
09/08/2010
Today I read an article on credit.com citing a New York Times story about Wells Fargo. It says that Wells has violated the Fair Housing Act by requiring applicants for their mortgage products to answer an essay question. Wells is in violation of the law because the question includes procuring abo...
08/25/2010
Mortgage rates are still at record lows. But, what does this mean for all of us? Yes you can get a home or refinance your current mortgage at a phenomenal interest rate, but there is more to it. Why are interest rates so low right now? Interest rates continue to fall because there are not enough ...
08/17/2010
Mortgage rates are still at record lows. But, what does this mean for all of us? Yes you can get a home or refinance your current mortgage at a phenomenal interest rate, but there is more to it. Why are interest rates so low right now? Interest rates continue to fall because there are not enough ...
08/17/2010
This article by by Colin Said of the San Francisco Chronicle tell the story of a couple who purchased a trustee's deed to a home in Santa Cruz at auction. Little did they know, they bought a second mortgage on a foreclosed house, that has no actual value. The article states that Roberta and Randa...
08/02/2010
I believe most of you know about the new Fannie Mae regulations for borrowers who purposely default on their mortgages. If you do not, one is quite simple. If you “strategically default” on your mortgage, you will have a seven year ban on new Fannie Mae loans. They are using this as a means of de...
07/26/2010
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Sami T.Siddiqui

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