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Linda Landry's Blog (14)

Underwater but not drowning!

Yes it is true. I am one of the homeowners underwater. I recently disclosed that to a friend and her reply was 'I won't tell anyone'. Nice gesture on her part but totally not necessary. Within the last week I was approached by a financal adviser who volunteered to review my docs on the premise that his company has been able to negotiate through the Courts and prove that the current lien holder was unable to provide a deed to coincide with the loan thereby allowing the mortgagor to obtain the… Continue

Added by Linda Landry on January 3, 2010 at 10:50am — 5 Comments

Buyer Urgency (5 things you may not know)!

In the current market there are some unusual things you may not know. There is plenty of inventory at a ten year price low and the current interest rate hoovers around five percent. Despite the current economic decline this creates a competitive buyers market. By competitive I am meaning strong buyers are a commodity. To increase your buyer strength in order to take advantage of the current low prices, interest rate and tax credit for those who qualify here are some points you may not have… Continue

Added by Linda Landry on November 29, 2009 at 2:00pm — No Comments

Three F words for Home Buyers!

Although it may seem overwhelming at first, the home buying process can be simplified in three easy steps. However, one two three is boring so let me explain with three F words. 1. Finance: the first step is to seek financial advice from a lender. First you must find a lender whom you trust and desire to work with throughout the complete transaction. Changing boats in the middle of the stream is possible but not suggested as it adds complications and stress. Find out how good your credit is and… Continue

Added by Linda Landry on November 2, 2009 at 1:09pm — No Comments

Motivated Buyer

No doubt this has happened to you more than once but it is my first experience.

I have been networking with several lenders doing funding expo's and first time

home buyer workshops. I was pleasantly surprised this week when I was given

a lead from one of them. Her LSR was complete and she was searching for a

realtor being dissatisfied with her prior agent. She'd been shown the only property

she wanted and needed to see it again and most likely make an… Continue

Added by Linda Landry on October 9, 2009 at 9:15pm — No Comments

Why I Like comments!

No Brainer if you ask me. What is the point of writing a blog if no one comments? I guess there is something to be said for getting a bother off your chest....venting so to speak. However, I feel it rather nice to be more interactive. I like to make a post that others have an interest in reading. I more than like to hear what they thought about it. The interactive aspect is a learning tool and a networking tool for me. So please, if you read my blogs......leave me a comment about your thoughts.… Continue

Added by Linda Landry on September 28, 2009 at 10:01pm — 5 Comments

It never REALLY belonged to you!

I am astounded at the destruction and mutilation discovered in properties abandoned after foreclosure! Where did the current mentality of homeowners/renters come from in thinking it is their prerogative/privilege to destroy/steal or damage property they vacate? Everyone is aware that renters are 'leasing' property from the owner and that owners require security/cleaning deposits. However, I have spoken to landlords who've had their property damaged or destroyed beyond the limit of the deposit… Continue

Added by Linda Landry on September 13, 2009 at 1:28pm — 2 Comments

ABC: Blogging 101

A=Action Your subject line must create action! Think about how you scan material you receive in your inbox or on your screen and how you decide what to spend your time reading. Your subject line must not only communicate your content but compel your potential reader to open.

B=Body This is your content information. Keep it as simple and informative as possible. Your personal style will dictate. Some people are more education and teaching directed and others have a way of… Continue

Added by Linda Landry on August 31, 2009 at 4:00pm — 6 Comments

Why I like Lookie Lou's!

There are many reasons why I like and respect Lookie Lou's. If you've ever sat at an open house for two hours or more without traffic you will understand my first reason. With all the preparation given to arrange and set up an open house it is disheartening if no one stops in. I for one do not want to eat all my own cookies! Nor do I want my sellers to think nary a soul was interested in their charming, darling, cozy home.

Au Contraire! I am there for a reason and that reason is YOU!… Continue

Added by Linda Landry on August 22, 2009 at 7:14pm — 7 Comments

Are you a TWIT?

Ok, I understand the importance of networking and a presence on the net via social networking sites, blogs and google ranking. I truly do not understand the twitter/tweet thing. Do I need to let everyone know my every move? Do I have time to do so? Do I want my blackberry phone to turn crackberry with all the tweets I could recieve if I am truly connected? Do I want to become a tweet freak or a twit? Does anyone really care what I am doing? Would posting a listing benefit the seller, buyer or… Continue

Added by Linda Landry on August 19, 2009 at 12:39pm — 12 Comments

Time is of the essence!

I truly like this phrase! It speaks for itself doesn't it? I think so and it is so very pertinent when it comes to the current first time home buyers tax credit which expires at the end of November. In order to take advantage of this credit the transaction has to close/record before December 1, 2009. Since escrow dealings can take 30-45 days that means the transaction needs to be negotiated/accepted within the next sixty days. Not only is finding the right property time consuming but keep in… Continue

Added by Linda Landry on August 16, 2009 at 10:41am — 2 Comments

I guess it's the Boy Scout in me!

I wonder if there is anything close to being overly prepared? I carry with me nearly a complete office in my vehicle. Of course my laptop and hard copies of purchase and listing contracts as well as pens and notebooks. Additionally, I have my lawn chairs, tool box, signs and a cooler for drinks on the go. Non alcoholic beverages of course! There is still a little room to stash my gym bag in the eventful moment I may squeeze that stop in as well! Whew! No doubt I am forgetting something but I… Continue

Added by Linda Landry on August 9, 2009 at 3:44pm — 8 Comments

Benefit of throwing good money after bad is....

Due to the current real estate climate many homeowners owe more on their homes than the current market value; or are 'underwater'. What is the benefit of continuing to pay on a loan that is considered a 'bad debt'? Some would say none as it does not appear to make economic sense. However, there

is more to it than just the current mathmetics of the subject. Regarding homeownership there is more of an attachment to the product than just the financial investment. Residential property is also… Continue

Added by Linda Landry on August 6, 2009 at 10:51pm — No Comments

Underwater vs. Upside Down

What is the difference between underwater and upside down? Both are negative equity right? Technically, I guess the answer is yes and no. Underwater is the current term for homeowners (better known as a mortgagor) who owe more for the loan than the value of the property. Upside Down is the term commonly used when a vehicle has less value than the loan intact.

Being upside down in a vehicle loan has been common place for years and no one seems to scream 'help I'm upside down and I… Continue

Added by Linda Landry on August 2, 2009 at 2:19pm — No Comments

How to scare a buyer!

The 'perfect' storm of excessive inventory, low market values and interest rates professionals detect is not necessarily what buyers see. The 2009 economy has given many the jitters. Countless have lost their source of income and are either floundering or scurrying to reinvent themselves. Less prestigious sources of employment have become viable and many are resorting to creativity in becoming self employed. Not able to predict their financial future leaves a gut feeling of uneasiness. It is no… Continue

Added by Linda Landry on July 22, 2009 at 12:12pm — 8 Comments

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