Millennials Become Acquainted With “The Golden Rule” It makes sense to me that 20-something’s are unfamiliar with such technological relics as VHS tapes, MP3 files, and analog watches (what everyone used to just call “watches” — you know, the ones with a minute hand and hour hand). But, I have to confess that I didn’t...Read More
Housing Comp’s vs. Lender Comp’s To Realtors, a Comp (“Comparable Sold Property”) is a nearby, recently sold home similar in size, style, and condition to the “subject home” (the home being valued). What’s a “Comp” to a lender? The borrower’s annual income for any given year. Excluding a Harmful Comp Just like the key to...Read More
Lawsuit: ‘Bank Overcharged for Flood Zone Determinations’ If you bought a home or refinanced with a Wells Fargo mortgage between August 30, 2011 and December 31, 2013, you may be entitled to a share of a class action suit against Wells Fargo. A very small share — like, $9.50 per claimant. The suit — formally...Read More
“Top 10” Job Duties In their lifetime, the average home owner may deal with 4 or 5 lenders (perhaps a few more these days, given serial refinancing at ever-lower rates). By contrast, a busy, experienced Realtor can easily deal with 15-20 lenders in a year, on both sides of deals (that is, as both a...Read More
