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  • Two Flaws with the new Good Faith Estimate (11)
    • Russ: The problem is that the disclosures are not there for consumer protection. They are there as a CYA for the companies. Thank the attorneys. Seriously, do we...
    • Rhonda Porter: Bela, I agree. I think the new form is more confusing…but maybe the regulators are on to something and the form will make sense to consumers....
    • Rhonda Porter: Ardell, I don’t think the new HUD portion approved with the new GFE will be part of the GFE. It will just be the GFE (I could be wrong).
    • Bela: I’m sure we can all get used to the new form, but I’m not sure it does anything to address the problem of borrowers taking loans they don’t...
  • The Crackberrys are coming to Real Estate by a Storm! (14)
    • Rhonda Porter: I’m so happy with my brand new Blackberry Storm! :) The click-screen is the best. I tried using the iPhone at apple when I was sick of my...
    • Greg Russell: Jim, We will be supporting the Storm with our eKEY software. Because it does have a different user interface from other BlackBerry devices, it may take a...
  • 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...
  • 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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Tag: buyers-remorse

Date My House - Saturday on TLC

Yesterday I had the opportunity to interview Bob Guiney and Nadia Geller about the upcoming premier of “Date My House” airing this Saturday, April 5th at 8:30 p.m. on TLC.
Some of you may remember Bob as “Bachelor Bob” who after not getting a rose from Trista on The Bachelorette, went on to star in the [...]

Having second thoughts about that High-End Condo presale?

As with any blog, this is not legal advice. If you want legal advice, consult an attorney in your area.
Escala. 1521 second avenue. Olive 8. Just a few of the many luxury, high-end condominiums going up in the Emerald City. Needless to say, when its “designed exclusively for the confident few,” you can [...]

Buyer’s remorse

We’ve all been there: we’ve signed up for a major purchase when we think, “Wait a sec — was that REALLY a good idea?”  Given the costs associated with the purchase of a home, this moment of doubt can be downright crippling when it occurs after you’ve signed a purchase and sale agreement (PSA).  Usually, [...]