Open House: Not Always Exciting

Published in January 18th, 2008
Posted by johnjuarez in Real Estate
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Empty house. No furniture. No chair to sit on. I sat on the floor…on the carpet…with my back against the wall…and began to read. I always bring something to keep busy in case the open house is slow. I make sure that it is business related, like a real estate magazine, so that visitors don’t […]

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B of A + Countrywide!!!

Published in January 11th, 2008
Posted by johnjuarez in Real Estate, Lending, Business, Mortgage/Finance
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This is a major commitment to the mortgage market by a leading US financial institution. Bank of America is putting its corporate weight, and its money, where its mouth is. By making this acquisition, BofA is saying that they are in the mortgage market for the long run. They will most likely be stuck with […]

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WORD OF THE YEAR…SUBPRIME!

Published in January 7th, 2008
Posted by johnjuarez in Real Estate, Lending, Business, Mortgage/Finance
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In its 18th annual words of the year vote, the American Dialect Society has named the word “subprime” as their Word Of The Year for 2007!
Who knew that there was a society dedicated to Dialect but the organization is apparently 118 years old. I wonder why it took them so long to come up with an […]

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A “SHORT SALE” IS NOT A QUICK SALE #1

Published in January 5th, 2008
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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My wife was happy when I told her that I was writing an offer for a client.
“The property is a ’short sale’ ” I told her.
 ”Great!” she said. “That means that your commission check will  come quickly. Why don’t you do more transactions like that?”
 Well…she assumed that ’short’ meant short-time-wise. Not so! Short, in this […]

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