MortgagesUndressed

Fanny May now set to ban on line applications. Lending Tree putting out dog repellant, worried dog thinks it is a tree. E-loan requiring Skype direct contact with underwriters to verify pedigree. DiTek implementing don’t wag the dog policy. Many local Chamber of Commerce implementing fair lending requests, adding Humane Societies as charitable members. Memphis Association of Mortgage Brokers adopting Elvis song “You Ain’t Nothing But A Hound Dog”, as association them song.

Sorry, you can tell it is late. Larry Cragun

Good Night All, Happy Howl-o-weener-dog.

Except, not the loan officer doing all the financing. He is overjoyed.
For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Single Family Homes there were 7 that closed escrow in the last 30 days with a Median Sales Price of $919,000 and an Average Sales Price of $1,073,071.

This gives me an opportunity to get on my soap box. I attended a city task force meeting last week. It covered every aspect of our cities problems one could imagine. It is taking 240 plus initiatives to the city council as proposed actions.

When the public meeting to review the final draft proposal was opened for questions. I asked about two of the items I sensed there was little in the draft in the way of solutions.

One of the topics, traffic. The other I see as a problem most cities face. Housing that is affordable to those that work in our city. Our average income is over $150,000 per household. We have shopping, hotels, and terrific restraunts. Our merchants have a problem; it is difficult to find people to work here. Two of the people I interviewed last week drive over an hour to work for $14.00 per hour. They can’t afford to live here. I don’t know how they can afford to drive here.Home Depot told my wife they hire every one that applies, they are still short handed.

What are the solutions? Our task force seemed short of answers, as am I. Any ideas? Larry Cragun

Has blogging gone too far?

No.

It is a new day. HAPPY HALLOWEEN!

Nominate your favorite article: Written by you or another. (we won’t tell) Seven will be dubbed “Magnificent” Let us know what you are proud of or have thought superior. Help us make real estate and mortgages more transparant.

The article is to be oriented towards consumer information; about real estate or mortgages. As you can tell if you read this blog daily, that gives you some flexibility.

We will post or link to all nominated articles from our website during 2006. The author gets full credit, the winning articles are listed on the magnicant 7 Blog Roll during 2007, heck we will do all we can to make the seven world famous - Just like Lockhart Steele. I know, you ask who is Lockhart Steele?

The article must have been published in a blog during 2006.

Nominations close on January 3, 2007

The 7 that are magnificent will be announced just after the Super Bowl, 2007

There will be prizes: Not sure yet how good.

Again, we will keep a category of Magnificant Seven Canditates, so get started now, as will we.

Larry Cragun

PS: Don’t nominate an article on the Bubble. We don’t like that dirty word. This is a clean site you know.

P triple S: If you have anything to donate to the winners prizes, such as trips to Bermuda, please contact me pronto.

email your nominations to larry@realestateundressed.com

When we feel it important, we bring forward previous articles for your convenience. the comments on this article are an example: Larry Cragun

Multiple quotes sites transform you. Not from a frog to a prince, but to a lead. You will be a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead and a lead….. Get the point. Or maybe that is ok. I know a guy who likes soliciters to call. Maybe that is you? Nah.
Our wall of leads:

She is cute, talks nice, but still transforms you into a lead.

Does that make her a witch?

Had enough?

It looks like Carol started blogging in August. I have noticed a lot of bloggers write their best stuff right from the start and then lose ideas. I hope Carol keeps on keepin on.
Carol writes a great consumer article on bait and switch. A snippet for you,”

Casey Serin writes a blog spun out of his circumstances where he actually made some purchases. The confession: “

This was selected as so many people believe its a world of luxury and wealth awaiting those that decide today is the day: “I am going to pick up a foreclosure”. I have done this, and believe me it is a business, not a hobby. After 12 properties and lots of competition I decided to go into a different business. One more predictable, real estate sales.

I don’t say don’t do it, I just say it is a serious business and a lot of work.

Click Here and visit his website.

I think the word is spreading, but it really needs to catch on. Blogging is a consumer protection weapon. People still don’t see it clearly. You can help. Thanks. Click here for a related article on our real estate site.

Larry Cragun

I wrote advice on this last week. Clicke here. The rate report today shows a rise, not huge but a rise. Todays average rate is now what it was 6 weeks ago. If you were floating, and didn’t follow my advice, you lost in your gamble. In general, when you qualify or the loan makes sense when you know your loan is within 30 days of closing, lock. Lock Lock Lock, and make sure your loan officer locked you when you told him to. Have a lock confirmation document in your possesion or you may be up the creek. My advice today is the same as last week. LOCK. Larry Cragun