MortgagesUndressed

What Often Happens When Someone Builds A Web of Lies?

It grows into a bigger web of lies.

and himself he begins to despise.

On this blog you will find about a years worth of mortgage content mixed with some fun and sarcasm. However, Currently Larry Cragun writes on the following blogs:

Real Estate Undressed

The Seattle P I Real Estate Blog

Issaquah Undressed

To find the new network of neighborhood blogs click here.

Larry’s articles are fed through:

My Space Real Estate News

KING TV’s Citizen Rain Real Estate Blog

When I started blogging it was to help consumers have the knowledge they needed to have a good mortgage experience. I knew first hand that many were spending all of their search time looking at homes. These same thorough researchers were giving little thought to the mortgage and as a result were getting burned.

Soon after I began writing real estate undressed.

After about a year the visits to this mortgage site were about 1/5 of the real estate blog. A few months ago I began writing all mortgage content on real estate undressed.

Recently I was approached by the Seattle P I Real Estate Professionals team to write weekly for the PI. This respected Hearst Newspaper has tremendous traffic and I jumped at the opportunity.

Along the way I concluded the application for blogs that I loved the most was community and neighborhood content. My wife Kathleen and I began that project over a year ago. It has been our payback. We feed our real estate business with customers from our Issaquah Undressed blog.

Our main focus going forward is serving our real estate clients, providing great content for the website/blogs we write on, and to build the neighborhoodsUndressed.com network.

Feel free to contact me if you have interest or comments. Larry (at) realestateundressed.com

Again, thanks for visiting, please visit our other sites….. lar

We just deleated our 10,000th spam. Only 2 have made it to the sites.

This article that appeared in Originator Times last month is cause for concern.

Click Here for the article.

Although women earning below the area median income were 8 percent more likely to receive subprime loans than similarly earning men, women earning more than double the area median income were 50 more likely to receive subprime loans than men with similar earnings.

I have my list and will share it soon. What mortgage & mortgage industry predictions for 2007 do you want to make?

I was going to suggest this as well as one focused on Eminent Domain. Good Luck John R Yedinak Click Here and be supportive.

We select articles to nominate from articles we believe important for consumers to read. This one really qulifies. Lenders fees are not simple. My friend Pat Kitano writes a worth article. Click here.

Be prepared, the motto of Boy Scouts of America. A lesson learned. My car was almost on empty, yet we had been warned a big wind storm was coming. A generator would have saved our food in the fridge and freezer. We could have had fresh batteries for our flashlights, the ones that were out in the garage. Thankfully we had natural gas, so we had hot water and a stove to cook on. We depend on much we take for granted. It is time to be grateful for so much, and for those who invented and created things we use daily. Larry Cragun

I received a pnone call Monday from a real estate agent. His story is significant to the recent flavor of articles on this blog. Here is the mess, I mean the story.

His buyer is one week from closing. Like many, he is hungry for a great rate. The purchase agreement was signed 3 weeks ago. He was approved by the agents favorite lender. Appraisal was done on time, inspections were completed and signed off, all looked well for closing just before Christmas.
I said it is a mess. The credit bureau sent, as they are doing now, notice to their trigger list that this transaction was in process. Numerous lenders called the client, all with stupendous rates. The buyer let each one of them make him a quote. Without telling anyone in the original transaction know it, he even arranged for the home to have an appraisal by one of these lenders.

He thought he was fine. Here is the sequence. The originol bank went to draw documents but did a second credit check. You can guess here, with all the new credit inquiries the score had dropped below the banks guidelines. The buyer doesn’t qualify. The second step, no problem the buyer says, I have another loan approval. Guess again here. They need documents to sign with this new lender - and they don’t qualify for the low rate program after all. They do qualfiy for 8%.

This buyer is probably without options. They undressed themselves.