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Buying home under the influence

By Tara-Nicholle Nelson, Monday, May 25, 2009.

I was showing a new client into my office the other day when she remarked on how lovely and off-the-beaten-path it was, and then asked how I found it. I related how I had first come into the area to look at an office across the way that was up a steep, long flight of stairs, but I decided against it, "because so many of my clients' down payments are provided by their parents, so I wanted to be sure I had a ground-floor office that their parents can get into!"

That got me to thinking -- my clients' parents had a pretty major impact on my choice of office location, but they often play an even more significant role in their adult children's real estate transactions -- sometimes intentionally, other times totally unwittingly.  more...

Borrowers suffer disclosure overload

By Jack Guttentag, Monday, May 25, 2009.

Reading proposed legislation designed to "reform" the mortgage market is usually a depressing experience for me. Most of the proposals would take us further away from, rather than closer to, a competitive system that works for borrowers. This is certainly true of HR 1728, called the Mortgage Reform and Anti-Predatory Lending Act, which was winding its way through Congress when this was written.

Virtually every section of HR 1728 bears the fingerprints of consumer groups and/or mortgage lenders. Legislators and their staffs operate under the illusion that by adjudicating between these groups, they can achieve a balance between the interests of borrowers and those of lenders.  more...

Zillow's hottest new tools for real estate Premium Content

By Bernice Ross, Monday, May 25, 2009.

Do you need a place to get good real estate leads, the best rate on mortgages, and a really cool new iPhone application at no charge? You'll never guess where to look.

It may come as a surprise, but Zillow has stepped up to the plate with three great resources that can help your business. While you may not love Zillow's Zestimates (their online pricing tool that uses mathematical formulas to estimate a home's value), you may find these other tools to be very useful.  more...

 
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