There was an article in this morning’s Inman News Headlines by Glenn Roberts, Jr. entitled “Foreclosure fix: “‘The Last Chance Mortgage’ – How we got into this mess and how to get out.” The article was in regard to John Vogel, Jr’s. plan to not only solve the problem that we’re facing but to go…
Category Archives: Real Estate and Politics
Real Estate Contract – Right of First Refusal – Who Benefits?
This post came about because of one by Jessica Horton entitled, “Why put a carton of milk on layaway when your old dairy cow doesn’t have any takers?” In it she discussed about receiving a lot more real estate contracts as of late with contingency clauses for the sale of a buyer’s home with no…
Mortgage Bailout – Who’s Getting Bailed Out and Who’s Bailing Out!
OK, let’s start with a brief understanding of the mortgage industry. You buy a property and obtain a mortgage. The lender then packages that loan with many others and then they are sold to investors. Simple, right! OK, so now we come to the mortgage debacle that we are seeing in the subprime market and…
I Have A Big Mouth – One Way To Have A Deal Go South!
Here’s the deal or what may have actually been the deal! I have several acres of land listed for sale. An agent asked me to walk the property with her and her clients. No problem, while we were doing so it was talked about them possibly considering subdividing the property in the future. Their Realtor,…
Are You Courteous in Real Estate and Life?
What happened to good old fashioned common courtesy? Even if we are in a fast paced environment with so much so readily available, why should that have been the one simple thing to be thrown out – something that takes almost no time at all? The definition of courtesy according to the Random House Unabridged…
Wealth, Social Disparity and Real Estate – A Social Commentary
It’s the old story of the rich getting richer & the poor getting poorer. Even though the average living standards have increased considerably in recent times, the distribution of wealth has become more skewed. One percent of the richest people own 40% of the world’s wealth, while the bottom 50% of the world’s adult population…
Florida’s Property Tax Fiasco, Like the Energizer Bunny, Goes On and On….
Unbelievable! After all of these months of wrangling, town hall meetings, etc, this is the best that they could come up with. The major points of the proposed property tax amendment, which the citizens of Florida will vote on 1/29/08 are as follows: The homestead exemption will be increased from $25K to $40 or 50K…
The Dreaded ‘R’ Word – Recession
On this day in history… Benjamin Franklin wrote “There never was a good war or bad peace” in 1773. Alexander Hamilton appointed 1st Secretary of Treasury in 1789. Stephen Foster’s song, “Oh! Susanna” was first performed at a saloon in Pittsburgh, Pennsylvania on September 11, 1847. 1st newspaper cartoon strip was printed in 1875. 1st…
