In San Francisco, Oakland, and Alameda, we are getting more and more requests for 203K Financing which is very exciting. This is the best product in the real estate finance industry hands down! It may not make you the most money, purchase prices can be on the low end. It definitely isn’t the easiest loan out there but there is no such thing as an easy loan anymore . And yes, there is more paperwork in a 203K.
That being said the 203K is the only loan that appreciates months after funding. There are a lot of things put into place to cut values in recent years, expiring high balance loan limits, HVCC, risk based pricing by GSE’s the list goes on….
The 203K takes a property unfundable by conventional means and makes it appreciate within months!
I was invited to Google Plus a few months ago by a friend in the mortgage business and completely forgot about the email for the most part. Finally, after seeing a webinar on Google Plus put on by Trulia and I dug up the email and subscribed.
Know that in 2008 and 2009 I was addicted to Facebook, it was the first social media site I really invested time in. Before that I really never wanted to connect on MySpace or Friendster and was not interested in tracking people down from high school, college etc.
I was invited to Facebook by a Realtor and saw it as the new way to communicate for business initially. Then once on Facebook of course the world eventually finds you. I think I was at a point in time of my life (mid 30’s) where it was great to hear from all these people from the past I may not have been interested in prior to that. I have done well generating business on Facebook as well; making connections with agents and helping old friends buy homes. I never really went out of my way to market my fan page…
That being said, lately isn’t it just too big? – I think I am ready for Google Plus and believe it could be a nice change. It allows us to be organized upfront. A fresh start! Check out the video above for more details but here are a few highlights of Goggle Plus…
Circles are Google Plus’ way of managing contacts. As a user of Google Plus, you’re able to group contacts together the same way you do in real life. For example, you can have Circles for your family, friends, clients, and business contacts, then choose what information is shared with which Circles each time you post. When using Google Plus for real estate, circles makes it easy to keep your personal life and business life separate.
Huddles is basically a group messaging system. Instead of having to call, text message, or email multiple people about a single event or topic, you can start a Huddle, allowing everyone involved to contribute to the same conversation. Group messaging everyone involved in an upcoming meeting is a great way to use Huddles and Google Plus for real estate.
Hangouts are video chats in which multiple people are able to participate.
Right now Google Plus is still in its beta stage which means you need an invite to get on. Having said that the site received more users the first 20 days than Facebook or Twitter did in their first three years so it’s safe to say Google Plus will have a huge impact on the social media world.
If you are successful at marketing on Twitter and Facebook keep up the great work but don’t ignore Google Plus!
ALAMEDA CA; August 5th at night, Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+, for the first time in U.S. history.
Standard & Poor’s (S&P) is a United States–based financial-services company. It is a division of the McGraw-Hill Companies that publish financial research and analysis on stocks and bonds.
S&P stated the primary reasons for their downgrading the credit of the U.S. sovereign debt were twofold: Rising Debt Burden and Negative Outlook.
S&P States
•The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.
Now this is just another point to prove that while it may seem like we are living in this world of technology but we are closer to the great depression than you might think we just have internet, cell phones, and deodorant.
What does this mean to Real estate?
A number of Wall Street analysts are now predicting that interest rates across the board in the U.S. are assumed to rise in the coming months.
For future home buyers, fixed rate mortgages are now expected to go higher as well, thus making it even harder for millions of consumers to qualify for a new mortgage,
Some industry experts predict little impact…
Billionaire Warren Buffett said “Standard & Poor’s erred when it lowered the U.S. credit rating and reiterated his view that the economy will avoid a second recession. The U.S., which was cut Aug. 5 to AA+ from AAA at S&P, merits a ‘quadruple A’ rating.”
The Buzzz - Watch It, The Buzzz Blog | The Buzzz | October 11, 2011 | 
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