Comments for PressReal.com http://www.pressreal.com Fri, 04 Jul 2008 15:36:10 +0000 http://wordpress.org/?v=2.1.2 Comment on Is there a right time to make a low-ball offer? by Lindsay http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-22449 Lindsay Mon, 30 Jun 2008 21:15:53 +0000 http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-22449 There is no such thing as a low ball offer:) There is no such thing as a low ball offer:)

]]> Comment on National Association of Realtors® presents housing forecast by Bill35677903','427680936billy@msn.com','','194.70.99.76','2008-06-12 18:26:13','2008-06-12 18:26:13','','0','lynx','comment','0','0'),('0', '', '', '', '', '2008-06-13 18:26:13', '2008-06-13 18:26:13', '', 'spam', '', 'comment', '0','0' ) /* http://www.pressreal.com/index.php/2006/06/01/something-is-wrong/#comment-21868 Bill35677903','427680936billy@msn.com','','194.70.99.76','2008-06-12 18:26:13','2008-06-12 18:26:13','','0','lynx','comment','0','0'),('0', '', '', '', '', '2008-06-13 18:26:13', '2008-06-13 18:26:13', '', 'spam', '', 'comment', '0','0' ) /* Thu, 12 Jun 2008 09:33:53 +0000 http://www.pressreal.com/index.php/2006/06/01/something-is-wrong/#comment-21868 <strong>None...</strong> None... None…

None…

]]> Comment on What’s the Better Investment, Stocks or Real Estate? by Justin - Focus On Castle Rock http://www.pressreal.com/index.php/2007/04/20/whats-the-better-investment-stocks-or-real-estate/#comment-20315 Justin - Focus On Castle Rock Mon, 07 Apr 2008 22:50:50 +0000 http://www.pressreal.com/index.php/2007/04/20/whats-the-better-investment-stocks-or-real-estate/#comment-20315 Hi Allan, The picture in the post isn't loading for some reason. Thanks for the post. My money is in stocks right now... real estate is just too unstable and unpredictable. Hi Allan,
The picture in the post isn’t loading for some reason.

Thanks for the post. My money is in stocks right now… real estate is just too unstable and unpredictable.

]]> Comment on Some Mega-Builders Feel Pain of Mortgage Mess by KCLau http://www.pressreal.com/index.php/2007/08/24/some-mega-builders-feel-pain-of-mortgage-mess/#comment-20158 KCLau Tue, 01 Apr 2008 03:50:37 +0000 http://www.pressreal.com/index.php/2007/08/24/some-mega-builders-feel-pain-of-mortgage-mess/#comment-20158 Great insight! Great insight!

]]> Comment on Most Affordable Housing Markets by Steve http://www.pressreal.com/index.php/2007/09/04/most-affordable-housing-markets-2/#comment-19912 Steve Mon, 17 Mar 2008 16:50:06 +0000 http://www.pressreal.com/index.php/2007/09/04/most-affordable-housing-markets-2/#comment-19912 I just stumbled upon this post about the most affordable housing markets. As a UK based person, I tend to think about my own Country for property and housing. Now, I'm starting to think this is a bit blinkered because the so called credit crunch is creating opportunities in other countries. The fact is that UK properties are holding their values fairly well. Yes we have had some major issues - One of our top lenders "Northern Rock" got itself into all sorts of difficulties so much so that they had to be nationalized (how crazy is that)? There is a shortage of land and property in the UK so prices might be a bit softer but there are not many bargains. As mentioned by Allan, there are bargains to be had but in most cases the bargains tend to be in places with fewer jobs or fewer people. Then I saw a program about New Zealand (looks fantastic) and not too expensive. Any other thoughts? Best wishes. Steve I just stumbled upon this post about the most affordable housing markets. As a UK based person, I tend to think about my own Country for property and housing.

Now, I’m starting to think this is a bit blinkered because the so called credit crunch is creating opportunities in other countries. The fact is that UK properties are holding their values fairly well. Yes we have had some major issues - One of our top lenders “Northern Rock” got itself into all sorts of difficulties so much so that they had to be nationalized (how crazy is that)?

There is a shortage of land and property in the UK so prices might be a bit softer but there are not many bargains.

As mentioned by Allan, there are bargains to be had but in most cases the bargains tend to be in places with fewer jobs or fewer people.

Then I saw a program about New Zealand (looks fantastic) and not too expensive.

Any other thoughts?

Best wishes.

Steve

]]> Comment on Is there a right time to make a low-ball offer? by Cyndee Haydon http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-19755 Cyndee Haydon Thu, 13 Mar 2008 22:42:53 +0000 http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-19755 This is a very timely list and I agree and I think you've inspired another blog! This is a very timely list and I agree and I think you’ve inspired another blog!

]]> Comment on Is there a right time to make a low-ball offer? by Reviewerz http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-19111 Reviewerz Thu, 21 Feb 2008 00:47:18 +0000 http://www.pressreal.com/index.php/2006/10/22/is-there-a-right-time-to-make-a-low-ball-offer/#comment-19111 Feb 2008 In this sluggish housing market, it's not uncommon for sellers to receive offers $100K less than listing price especially if the property is vacant, has been reduced several times, has been on the market for many months. Some sellers, however, simply refuse to accept the fact that in order to sell the price will have to be reduced. They have an overinflated perception of the worth of their property. The longer the property sits on the market, the lower the offers. The housing market has not bottomed out yet, and it will not do so for several years. Some realtors mislead sellers into thinking that if they sit on their egg for a while they will get their overinflated price. That will be true only if the seller can sit on that egg for several years. When the market does eventually turn around, the recover will be very, very slow. This housing market has evolved into a very different market than a few years ago. We're seeing more properties sitting on the market for years, simply because the sellers are listening to uninformed realtors who give the seller false hopes of selling at inflated prices. Many homes are now selling below tax appraisal value and/or below mortgage value. Properties simply are worth tens to hundreds of thousands of dollars less than they were a few years ago. We see builders giving $100K - $200K incentives just to unload their properties in attempt to avoid bankruptcy. The poor housing market is a hard thing for sellers to swallow, but the fact is things will get much worse before they get better. Feb 2008
In this sluggish housing market, it’s not uncommon for sellers to receive offers $100K less than listing price especially if the property is vacant, has been reduced several times, has been on the market for many months. Some sellers, however, simply refuse to accept the fact that in order to sell the price will have to be reduced. They have an overinflated perception of the worth of their property. The longer the property sits on the market, the lower the offers.

The housing market has not bottomed out yet, and it will not do so for several years. Some realtors mislead sellers into thinking that if they sit on their egg for a while they will get their overinflated price. That will be true only if the seller can sit on that egg for several years. When the market does eventually turn around, the recover will be very, very slow.

This housing market has evolved into a very different market than a few years ago. We’re seeing more properties sitting on the market for years, simply because the sellers are listening to uninformed realtors who give the seller false hopes of selling at inflated prices.

Many homes are now selling below tax appraisal value and/or below mortgage value. Properties simply are worth tens to hundreds of thousands of dollars less than they were a few years ago. We see builders giving $100K - $200K incentives just to unload their properties in attempt to avoid bankruptcy.

The poor housing market is a hard thing for sellers to swallow, but the fact is things will get much worse before they get better.

]]> Comment on Still no business plan? Get with it. by Jeffrey Sokol (Google Me!) http://www.pressreal.com/index.php/2006/10/26/still-no-business-plan-get-with-it/#comment-19029 Jeffrey Sokol (Google Me!) Tue, 19 Feb 2008 05:05:10 +0000 http://www.pressreal.com/index.php/2006/10/26/still-no-business-plan-get-with-it/#comment-19029 A business plan is extremely important for your success in business. The tidyness of your business plan can depend on the business you decide to pursue. Sometimes your plan can come together as you go along, only making a solid plan when you set specific GOALS for your business. Create your business GOAL, then create your plan to accomplish that goal. Goals are important, and use your mastermind to create your plan. Jeff Sokol A business plan is extremely important for your success in business. The tidyness of your business plan can depend on the business you decide to pursue. Sometimes your plan can come together as you go along, only making a solid plan when you set specific GOALS for your business. Create your business GOAL, then create your plan to accomplish that goal.

Goals are important, and use your mastermind to create your plan.

Jeff Sokol

]]> Comment on 38,000 Mortgage Industry Jobs Lost This Month! by Jeffrey Sokol (Google Me!) http://www.pressreal.com/index.php/2007/08/22/38000-mortgage-industry-jobs-lost-this-month/#comment-19028 Jeffrey Sokol (Google Me!) Tue, 19 Feb 2008 04:59:26 +0000 http://www.pressreal.com/index.php/2007/08/22/38000-mortgage-industry-jobs-lost-this-month/#comment-19028 Mortgage brokers are having to resort to alternative means to supplement their incomes. I know several companies personally that have gone from working out of nice offices with multiple employees, to working from home. I have personally helped several by giving them an edge to increase their sales against their competition, and I was glad I could help. In turn, they've turned me on to some great opportunities in this buyer's market. Jeff Sokol Mortgage brokers are having to resort to alternative means to supplement their incomes. I know several companies personally that have gone from working out of nice offices with multiple employees, to working from home. I have personally helped several by giving them an edge to increase their sales against their competition, and I was glad I could help. In turn, they’ve turned me on to some great opportunities in this buyer’s market.

Jeff Sokol

]]> Comment on 20 Things That Affect The Value of Your Home — 10 Positively, 10 Negatively by Jeffrey Sokol (Google Me!) http://www.pressreal.com/index.php/2007/08/17/20-things-that-affect-the-value-of-your-home-10-positively-10-negatively/#comment-19027 Jeffrey Sokol (Google Me!) Tue, 19 Feb 2008 04:57:03 +0000 http://www.pressreal.com/index.php/2007/08/17/20-things-that-affect-the-value-of-your-home-10-positively-10-negatively/#comment-19027 This is an extremely useful post, especially in a declining buyers market. It can help investors to notice what makes a home a good buy, and a good sell, on both sides. I love it, well done. Jeff Sokol This is an extremely useful post, especially in a declining buyers market. It can help investors to notice what makes a home a good buy, and a good sell, on both sides.

I love it, well done.

Jeff Sokol

]]> Comment on Proper “ad” wording = faster sales by Jeffrey Sokol (Google Me!) http://www.pressreal.com/index.php/2007/02/26/proper-ad-wording-faster-sales/#comment-19026 Jeffrey Sokol (Google Me!) Tue, 19 Feb 2008 04:54:23 +0000 http://www.pressreal.com/index.php/2007/02/26/proper-ad-wording-faster-sales/#comment-19026 This is so true, and a great resource for people looking to advertise real estate for themselves or clients. Jeff Sokol This is so true, and a great resource for people looking to advertise real estate for themselves or clients.

Jeff Sokol

]]> Comment on Utah Gets Tough On Mortgage / RE Fraud by Richard Geller http://www.pressreal.com/index.php/2007/05/03/utah-gets-tough-on-mortgage-re-fraud/#comment-18975 Richard Geller Sun, 17 Feb 2008 16:11:04 +0000 http://www.pressreal.com/index.php/2007/05/03/utah-gets-tough-on-mortgage-re-fraud/#comment-18975 There is a tremendous amount of mortgage fraud but there is also a lot of borrower fraud, and has been. How many of those stated income loans were liar loans? And, how many people thought they'd get rich buying real estate no matter how onerous the loan. They figured they'd flip and make big money. So the fraud is on both sides. In fact, I would venture to say this is part of the mortgage fraud Wall Street fraud greed that has created huge incentives to simply manipulate assets in order to get rich. The business of Main Street became the business of Wall Street, if you will. regards --Richard There is a tremendous amount of mortgage fraud but there is also a lot of borrower fraud, and has been.

How many of those stated income loans were liar loans?

And, how many people thought they’d get rich buying real estate no matter how onerous the loan. They figured they’d flip and make big money.

So the fraud is on both sides. In fact, I would venture to say this is part of the mortgage fraud Wall Street fraud greed that has created huge incentives to simply manipulate assets in order to get rich. The business of Main Street became the business of Wall Street, if you will.

regards

–Richard

]]> Comment on Some People Won’t Be Able to Get A Mortgage — Are You One of Them? by zapchasti skoda http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17940 zapchasti skoda Sun, 20 Jan 2008 20:18:55 +0000 http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17940 avtomobili skoda avtosalony skoda otzyvy skoda octavia oficialnyy skoda <a href="http://moscow-skoda.com/" rel="nofollow">zapchasti skoda</a> dilery skoda skoda harakteristika dvigatel skoda prodam skoda avtomobili skoda avtosalony skoda otzyvy skoda octavia oficialnyy skoda zapchasti skoda dilery skoda skoda harakteristika dvigatel skoda prodam skoda

]]> Comment on More on Realtor.com vs. the local MLS by shannon http://www.pressreal.com/index.php/2006/10/29/more-on-realtorcom-vs-the-local-mls/#comment-17707 shannon Thu, 10 Jan 2008 19:43:20 +0000 http://www.pressreal.com/index.php/2006/10/29/more-on-realtorcom-vs-the-local-mls/#comment-17707 Realtor.com is a bunch of hoo ya. I cannot believe they get away with charging me 305.00 not to be a member and 350.00 just to say I am a REALTOR. I do not receive any additional benefits. I feel this is extortion and I will see about what I can do to get their hands out of my wallet and my real estate business. It is one thing to pay MLS and Sentrilock fees, at least we get something from those. But to plain out extort money from me, If you don't pay us, you cannot work is flat out extortion and how they go about putting the squeeze on my broker to put the squeeze on me is uncontionable. I want Realtor.com put in their place. Shannon Real Estate Agent Charleston SC Realtor.com is a bunch of hoo ya. I cannot believe they get away with
charging me 305.00 not to be a member and 350.00 just to say I am a REALTOR. I do not receive any additional benefits.

I feel this is extortion and I will see about what I can do to get their hands out of my wallet and my real estate business.

It is one thing to pay MLS and Sentrilock fees, at least we get something from those.

But to plain out extort money from me, If you don’t pay us, you cannot work is flat out extortion and how they go about putting the squeeze on my broker to put the squeeze on me is uncontionable.

I want Realtor.com put in their place.

Shannon
Real Estate Agent
Charleston SC

]]> Comment on Some People Won’t Be Able to Get A Mortgage — Are You One of Them? by play free black jack for fun http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17437 play free black jack for fun Tue, 25 Dec 2007 12:12:38 +0000 http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17437 black jack tournament strategy play free black jack for fun vegas black jack tournament vegas black jack tournament <a href="http://jackpot-online-slot.com/" rel="nofollow">play free black jack for fun</a> vegas black jack tournament black buckaroo jack pogo play free black jack for fun casino black jack tournament black jack tournament strategy play free black jack for fun vegas black jack tournament vegas black jack tournament play free black jack for fun vegas black jack tournament black buckaroo jack pogo play free black jack for fun casino black jack tournament

]]> Comment on Some People Won’t Be Able to Get A Mortgage — Are You One of Them? by Jamaal Hayder http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17276 Jamaal Hayder Thu, 13 Dec 2007 16:06:40 +0000 http://www.pressreal.com/index.php/2007/08/15/some-people-wont-be-able-to-get-a-mortgage-are-you-one-of-them/#comment-17276 notebook pda <a href="http://nout1.com/" rel="nofollow">buy notebook today</a> 5113 as5715z 1a1g08mi nout notebook pda buy notebook today 5113 as5715z 1a1g08mi nout

]]> Comment on Ways to Save on Moving by Greg Broadbent http://www.pressreal.com/index.php/2007/09/05/ways-to-save-on-moving/#comment-16733 Greg Broadbent Sat, 10 Nov 2007 22:38:08 +0000 http://www.pressreal.com/index.php/2007/09/05/ways-to-save-on-moving/#comment-16733 I am sorry. I thought you had comment moderation on and it would not be posted publicly. Please delete it when you get a chance. I am sorry. I thought you had comment moderation on and it would not be posted publicly. Please delete it when you get a chance.

]]> Comment on Ways to Save on Moving by Greg Broadbent http://www.pressreal.com/index.php/2007/09/05/ways-to-save-on-moving/#comment-16732 Greg Broadbent Sat, 10 Nov 2007 22:36:46 +0000 http://www.pressreal.com/index.php/2007/09/05/ways-to-save-on-moving/#comment-16732 Hello, My name is Greg Broadbent. I am a new Realtor in Mystic CT . I would like to increase my business/website by sponsoring quality blogs like yours with a limited text linking to my website. I would like know if you will participate and what you would charge for 6 months/ 1 year? I don’t want to take anything away from your site. So I hope to keep it simple. If you could let me know either way I would appreciate it. I don’t want to bother people if they are not interested. Thank you for your time. Thanks again Greg Broadbent. RE: Your Blog at http://www.pressreal.com Hello,

My name is Greg Broadbent. I am a new Realtor in Mystic CT . I would like to increase my business/website by sponsoring quality blogs like yours with a limited text linking to my website. I would like know if you will participate and what you would charge for 6 months/ 1 year?

I don’t want to take anything away from your site. So I hope to keep it simple. If you could let me know either way I would appreciate it. I don’t want to bother people if they are not interested. Thank you for your time.

Thanks again

Greg Broadbent.

RE: Your Blog at
http://www.pressreal.com

]]> Comment on Utah Gets Tough On Mortgage / RE Fraud by Jensen http://www.pressreal.com/index.php/2007/05/03/utah-gets-tough-on-mortgage-re-fraud/#comment-16171 Jensen Mon, 15 Oct 2007 00:17:06 +0000 http://www.pressreal.com/index.php/2007/05/03/utah-gets-tough-on-mortgage-re-fraud/#comment-16171 Recently a friend (so I thought) of mine told me that she was a short sale specialist and that she could help me with my home. I was only a little over month behind due to some excessive bills that I had at the time. Rather than letting me know that I could catch up on the back payments, she told me that she would help me do a short sale by purchasing my home. She said that she would negotiate with the bank to try and get me 50 cents on the dollar for my house. Her payment for helping me would be $20,000. Otherwise, I was told, I would loose my home to foreclosure. She told me I could not trust any other short sale specialist and she was doing short sales to help people and not for the money. From the beginning she told me she was licenced, had a team of people behind her as support, had a high powered lawyer to turn to, had already qualified for my house and last but not least, I did not have to continue to make any payments to my mortgage company. None of that was true. Over the following weeks things only got worse. At that point and time I felt I was at her mercy knowing that she had lied to me, did not know what she was doing, but had little recourse on solving the situation. If it were not for retaining a lawyer, I would have lost everything. Less than one week before my home was to go into full foreclosure my friend said that she was going to purchase my home. Only three days before, she left a cold message on my phone saying that she had decided not go through with it. Thankfully, the lawyer was able to work out some extra time for the back payments (and fees associated with it) to be paid and my house was saved. I felt anger, betrayal and disgust at the total disregard she had for me and my well being. This is a woman who she herself had lost a home to foreclosure a few years ago due to divorce. I could not understand how she could not only be unfeeling to the terrible situation she put me in, but didn't even have the decency to apologize for the pain and suffering I have endured because of her. It is now my mission to inform as many people as possible to the unknowledgeable, inexperienced and unlicenced people who are taking advantage of others who are vulnerable. Recently a friend (so I thought) of mine told me that she was a short sale specialist and that she could help me with my home. I was only a little over month behind due to some excessive bills that I had at the time. Rather than letting me know that I could catch up on the back payments, she told me that she would help me do a short sale by purchasing my home. She said that she would negotiate with the bank to try and get me 50 cents on the dollar for my house. Her payment for helping me would be $20,000. Otherwise, I was told, I would loose my home to foreclosure. She told me I could not trust any other short sale specialist and she was doing short sales to help people and not for the money.

From the beginning she told me she was licenced, had a team of people behind her as support, had a high powered lawyer to turn to, had already qualified for my house and last but not least, I did not have to continue to make any payments to my mortgage company. None of that was true. Over the following weeks things only got worse. At that point and time I felt I was at her mercy knowing that she had lied to me, did not know what she was doing, but had little recourse on solving the situation.

If it were not for retaining a lawyer, I would have lost everything. Less than one week before my home was to go into full foreclosure my friend said that she was going to purchase my home. Only three days before, she left a cold message on my phone saying that she had decided not go through with it. Thankfully, the lawyer was able to work out some extra time for the back payments (and fees associated with it) to be paid and my house was saved.

I felt anger, betrayal and disgust at the total disregard she had for me and my well being. This is a woman who she herself had lost a home to foreclosure a few years ago due to divorce. I could not understand how she could not only be unfeeling to the terrible situation she put me in, but didn’t even have the decency to apologize for the pain and suffering I have endured because of her.

It is now my mission to inform as many people as possible to the unknowledgeable, inexperienced and unlicenced people who are taking advantage of others who are vulnerable.

]]> Comment on 38,000 Mortgage Industry Jobs Lost This Month! by Worry worker http://www.pressreal.com/index.php/2007/08/22/38000-mortgage-industry-jobs-lost-this-month/#comment-16013 Worry worker Mon, 08 Oct 2007 15:45:39 +0000 http://www.pressreal.com/index.php/2007/08/22/38000-mortgage-industry-jobs-lost-this-month/#comment-16013 I hope this will end soon, the worst fear is will unemployment be able to provide payments for everyone who has lost their jobs and if so, how long will they be able to sustain it. And will retirement be affected in this. I hope this will end soon, the worst fear is will unemployment be able to provide payments for everyone who has lost their jobs and if so, how long will they be able to sustain it. And will retirement be affected in this.

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