Scammers can file a deed to transfer a free-and-clear property (no mortgage), and then convince a bank to give them a cash-out refinance. (LINK) It's surprising that it doesn't happen more often!...
Wild Deeds
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Year: 2015
2016 Starts Now
Zillow is already one of the primary real estate portals for consumers. Though there are rumblings from realtors about mounting a challenge, it's unlikely that anything will topple the Z-brand in the short-term. As a result, we increased our Zillow advertising this...
Merry Christmas
From our family to yours, Merry Christmas! We appreciate you being here!
Merry Christmas Eve!
No place I'd rather be!
Someday at Christmas
"Some day all our dreams will come to be, some day in a world where men are free, maybe not in time for you and me, but someday at Christmastime...."
Zillow 2016 Predictions
The Z Group is probably smart to talk in generalities and just spew the usual stuff about next year - higher prices, tight inventory, and less affordability. They even dropped a 'priced out completely' about those in the bottom-third-of-incomes category. One thing...
No Inventory?
In the video below, the economist reiterates that the inventory is so low that there aren't any houses to buy - that the 'shelves are bare'. It is the view of the casual bystander. This is the new normal - a market for serious participants only. Buyers have to be...
Existing Home Sales
The talking heads are wondering if the 10.5% month-over-month drop in existing home sales is related to the new TRID mortgage regulations. Those with a national voice are usually quick to blame everything but prices for any glitch in the statistics. The M-o-M...
International Money Laundering
Agents aren't known for asking a lot of questions - from Newsweek.com: http://www.newsweek.com/how-russians-launder-stolen-money-real-estate-407810 The numbers are staggering: Annually, $1 trillion is stolen by corrupt officials from countries around the globe. That...
Inventory Watch
We survived the Fed hike. Last Monday, the 30Y rate was 3.98%. The Fed made it official on Wednesday, and the 30Y rate initially jumped about 20 basis points. But by Friday afternoon we were back down to 4.02%. This guy thinks the Fed move was a mistake:...
