What if: 1 - The government forces all delinquent/underwater mortgages to be modified? Those of us who do pay our mortgages look like suckers. 2 - Retirees cannot retire. 3 - The 30 Year Fixed Rate Mortgage goes away? 4a - QRM becomes law - The proposal would allow participants to avoid the 5% requirement when they securitize "qualified residential mortgages (QRM)," deemed relatively safe from default by borrowers. To fit this category, a mortgage would require a borrower with a solid credit rating who will make a down payment of at least 20%. … [Read more...] about 5 Real Estate What If’s That Make Me Lose Sleep
â€œEffective immediately FannieMae will no longer accept electronic signatures.â€ Why? Why???? This is the sort of thing I'd like to see Congress and the National Association of Realtors address. The inefficiencies created by needing wet signatures are tremendous. Printing, signing, scanning/faxing. Only to be told at the last minute that the lender needs "original" signatures (faxed are ok), when an electronic signature can be far more secure than a faxed signature, which could be signed by anyone. … [Read more...] about Unbelievable.
Search for homes to your heart's content. I'll never spam you. For real. Simple. I don't spam. Never have. But some people still use bogus names when registering for the home search tool on RealCentralVA.com. And then someone said to me - you know what you mean when you say, "no spam," but they don't know what you mean. … [Read more...] about The “No-Spam” Policy for RealCentralVA.com
I'm taking a vacation soon. I tell my clients that I am "grudgingly" going; but ... after reading my friends' Kris' and Jay's posts, I'm striving to readjust my priorities. I have systems in place, an extraordinarily competent agent poised to cover for me while I'm gone and I will have internet access. As much as I love, love, love what I do, I love my family more. … [Read more...] about Taking Vacation. And Stock.
A friend told me years ago that in his previous life of producing widgets they aimed for 95% success as 100% was unattainable. Got this in the email the other day: Update 12 April 2011: Ben Davis with Ryan Homes sent me this email after he and I talked. "It was great speaking with you on the phone today.Â As a long time reader of RealCentralVA I wanted to provide some follow up information regarding your post on 3/28 â€œ100%â€.Â The email was a great visual representation of satisfied Ryan Homes homeowners.Â However, you are correct in … [Read more...] about 100%
This news seems more interesting in light of the Fiberlight news from earlier today. (bolding mine) From Data Center Knowledge: Verizon will acquire colocation and cloud hosting provider Terremark for $1.4 billion in a deal that will accelerate the telecom provider's push into cloud computing. Verizon will pay $19.00 in cash for each share of Terremark, about a 35 percent premium to the stock's closing price ofÂ $14.05 a share. Verizon (VZ) said the acquisition will accelerate its â€œeverything-as-a-serviceâ€ cloud computing strategy by … [Read more...] about Terremark in Culpeper Sold to Verizon
Qwiki fascinates me, not only because it says "Monti-sello", and I've been playing with it for the past few weeks since it was in alpha. Now it's open to the public and I can embed it here (finally!). What do you think? Astonishingly, Qwiki picks up that the City of Charlottesville and County of Albemarle are separate entities, something that takes quite some time to realize for newcomers. And then you have Albemarle County, via Qwiki. Did you know that Albemarle has 4 square miles of water? And the Charlottesville … [Read more...] about See Charlottesville Differently Than Ever Before – Via Qwiki