With the slimy moves, big fees, and generally anti-customer attitude of big banks, I find myself wondering who bothers with them anymore, and why? Over in the Weekend Open Thread, Pegasus points out a story in yesterday’s New York Times: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages The federal agency that…
Category: Opinion
Opinion, commentary, etc.
The Sex Offender Bogeyman
One of the primary goals of many home shoppers is finding a neighborhood that is safe. That makes sense. No one wants to live in constant fear of having their valuables stolen—or worse, being assaulted. However, there is one specific “safety” criteria that makes little sense to weigh heavily in one’s home search: Registered Sex…
Financial Closing Strategy: Is there a better time of month to close on a refinance?
A word from The Tim: This post is from long-time Seattle Bubble participant Tim Kane (a.k.a. “S-Crow”). As co-owner of Legacy Escrow in Everett, Tim brings a unique perspective on the closing table. Timing Closing? One question that frequently comes up when meeting with clients to sign loan documents is the question of “timing.” Is…
There is no such thing as “a great time to buy.”
With home prices off a third or more around Seattle from their hyper-inflated housing bubble levels, interest rates still hovering in the sub-five-percent range, and numerous economic fundamentals indicating a market more balanced than it has been in nearly a decade, has the perennial claim of home salesmen come true? Is now, finally, “a great…
You Can’t Keep a Good Huckster Down
Someone forwarded me an interesting email yesterday. The spammy message apparently being sent to various mortgage brokers claims that “We’ll pay you for the clients you can’t do loans for.” Here’s some of the email copy (emphasis theirs): We coach people who are underwater in their homes. We don’t do loans, we don’t sell real…