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  • Two Flaws with the new Good Faith Estimate (7)
    • ARDELL: For as far back as I can remember, my clients have enjoyed seeing the info on a mock HUD 1 before they make an offer. This way what they see at the end matches...
    • Jeff: I won’t use the current GFE too….I use Calyx Point….I’ll just create a customized doc that with do the same thing as the bottom section...
    • Rhonda Porter: Jeff, I forgot to thank you for pointing out the payment is under “summary of your loan” however, as you mention, it does not break out...
    • Rhonda Porter: Jeff, I’m hoping we can redisclose if needed. I tend to “over estimate” on my preliminary GFE’s and I explain to clients that...
  • Nana needs a booster seat by tomorrow night (14)
    • ARDELL: tj, It’s been so long since I’ve had child safety seats in my life. My sister who lives here is gay, and while she’s a genius at many things,...
    • tj: And to be sure there is no misunderstanding in such an important matter, the tip applies when you attach a seat that has it’s own harness using the...
    • tj: That should be “I’m sure mom already knows”, i.e your daughter.
    • tj: It’s really good to see among all this economic turbulence that exposes greedy crocks and thiefs allover the place that people like Joan is also around. Very...
  • HUD Passes RESPA Reform, New GFE Coming in 2010 (45)
    • JM: The 10% increase only comes into play if you “identify” the service provider. HUD wants to give the consumer control of the process, which is fine. The...
  • Predatory Upfront Loan Modification Fees (207)
    • Tanya: I have been a LO for several years. I didn’t put borrowers in homes they couldn’t afford. I didn’t charge prepayment penalities for my profit....

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Archive for February, 2008

30 Year Fixed over 6%

There was a time when mortgage rates were…oh, yawn…pretty darn boring. Not any more. Oh the drama, the turbulence, the emotion!
Dan Green of The Mortgage Reports has an excellent post including some comic relief video explaining How Mortgage Rates Went From (Relative) Riches to Rags in 30 Days.
Dan’s post is a [...]

Yikes, that was close. Or, was it? Convicted felon making loans.

Man convicted as being a key player of “swindling” $50 Million likely to begin serving 15 yrs. in prison and reportedly has been selling “reverse mortgages” to senior citizens while waiting for date to report to prison.
Evidently, The Washington State Dept. of Financial Institutions (DFI) denied his loan originator license on Dec. 17th of last [...]

Sunday Night Stats - King County

Before I calculate the stats for this week, I’d like to take a minute to explain why I am being this tedious. Week to week stats calculate momentum of the market. Will new inventory grow faster than properties are going into escrow? So far only one week showed a slight decline in [...]

It’s coming….SPRING (!) and The Northwest Flower & Garden Show….

Okay, are you tired of the cold, the gray, and the rain…are you ready for SPRING yet?
I am, so I’m off to see the flowers, gardens and “stuff” at our spectacular Northwest Flower & Garden Show !
The show is this week, February 20th to the 24th at the Washington State Convention Center in Downtown Seattle, [...]

Get Ready to Sell with ARDELL - Part 1

So you are thinking you are going to put your house on market in “The Spring”. Well, me too. So let’s do this together, step by step.
1) Set Your List Price.
You will check that again when it is time to list the home, but you can’t start getting the home ready to [...]

Mortgage rates heading up

Mortgage rates continue their trend upward and they don’t look like they’re coming back down soon. This market is still very volatile and as I always, I encourage you to lock and not float your interest rates if you a closing within the next 4-6 weeks. If you’re hunkering for more [...]

Heartbreaking atrocities leave us barren

Shock and disbelief overwhelm me and likely you too - and at this point I’m extremely glad I’m not going to work tomorrow. While I plan to finally secure my state residency and volunteer a bit, I almost want to take the day just to recover from all the emotional pangs that paralyze me when [...]

Landlord 101 class offered February 26th by RHA

An excellent class that is offered through the Rental Housing Association is coming up soon. Tamara Simon of Koss Property Management has a been a long time owner of her own business and well respected colleague in the real estate industry and a professional that we’ve referred many a client to for help with [...]

Robbie, the Jedi Knight, accepts a position with the Rebel Alliance

A huge congratulations goes out to Robbie! He has been an extremely valuable member of the RCG community and I only hope we can keep him interested in real estate (especially since he runs the backend of my wife’s MLS search site!).

Seattle Sun

In between the thick gray clouds, and just before dark, my home office turned bright orange and I saw the sun saying goodbye, playing hide and seek in the tree.