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Featured Gay Realtor: Dennis Morgan, Prudential Fox and Roach Realtors, Chester, PA

Buying a Home

Proudly serving the Main Line, Chester and Delaware Counties and Philadelphia since 1984. Licensed Associate Broker with extensive experience in Domestic and International Relocation. 

Certified Relocation Agent with Prudential, Weichert and Cartus Relocation Consistent Top Producer, Top 1% of PREA Agents Nationwide!

Please contact me today with your questions, I look forward to assisting you with your sale, purchase or relocation needs. Click here to search for a gay or lesbian real estate agent anywhere in the country. Professional/Personal Distinctions: 2012 […]

How to Play Defense Against Customer Objections

Buying a Home

In the course of a real estate transaction, customers may come at you with a lot of objections. So how do you deal with the multitude of concerns that may come your way? Prospects, for example, may say “no” an average five times before they agree to buy, according to a recent article by sales trainer John Boe at RISMedia. “If your prospect was not interested in your product or service, they wouldn’t be asking questions,” Boe points out. “Simply […]

‘HARP 2.0’ Could Help 6.7 M More Borrowers

Mortgage Loan

Changes made to the Home Affordable Refinance Program could open the initiative up to almost twice the number of borrowers eligible under previous criteria, according to a DataQuick study. Researchers found that 6.7 million more households may qualify under HARP 2.0, which has been tweaked to now include borrowers with an 80 percent or more loan-to-value ratio on their homes.   The author of this article is: realtormag.realtor.org  See the original post at: http://realtormag.realtor.org/daily-news/2012/02/07/harp-20-could-help-67-m-more-borrowers At GayRealEstate.com, we keep you updated […]

DataQuick: New HARP 2.0 could help 6.7 million more borrowers

Mortgage Loan

Changes made to the Home Affordable Refinance Program could open the platform up to nearly double the number of homeowners eligible per previous requirements. A study from San Diego-based DataQuick found an additional 6.7 million households may qualify under HARP 2.0, according to new loan-to-value ratio requirements. Those changes remove a 125% LTV upper limit, altering it to include borrowers with 80% or more LTV on their homes. In total, DataQuick said 13.8 million mortgages meet HARP requirements based on […]

Post Properties funds from operations dip in 4Q

Other

Real estate investment firm Post Properties ($44.95 0.21%) saw its funds from operations fall slightly in the fourth quarter to $20.9 million from $21.1 million a year earlier on reduced incremental gains from condo sales. That breaks down to 40 cents a share for the Atlanta-based REIT, down from 43 cents a share in the fourth quarter 2010. FFO per share met analyst expectations, according to Yahoo Finance. FFO represents an operating measure of a REIT’s performance, according to the […]

Featured Gay Realtor: Paul Fontaine, Prudential Fox and Roach Realtors, Philadelphia, PA

Buying a Home

Hardest working REALTOR in Philadelphia. Call PAUL!

Our company is locally owned and operated. We pull from the strength of Prudential Financial, but it is our local expetise, service, and community involvement that made us successful at building lasting relationships with our clients. Focusing on excellent customer service has inspired our company to build an effective combination of results oriented professionals, superior technology and high ethical standards – all working to provide our clients with the most positive real estate experience […]

Housing scorecard shows improved inventory levels, fragile prices

Other

Home prices and sales remained fragile in January even as housing inventory levels and foreclosure starts improved during the same month, the Obama administration said in its latest Housing Scorecard Report. Inventories of existing homes for sale declined from 3.2 million in the second quarter of 2011 to 2.4 million in the fourth quarter, according to data from the U.S. Department of Housing and Urban Development and the Treasury. Overall, housing results were a mixed bag, the scorecard said. Inventory […]

Mortgage servicers to begin using new HAMP standards in May

Mortgage Loan

The Treasury Department said it expects mortgage servicers to begin evaluating borrowers under an expanded Home Affordable Modification Program in May. The latest program is being referred to as HAMP 2.5. In January, the Treasury extended the application deadline to the end of 2013, eased debt-to-income requirements, allowed investors with rental homes into the program, and announced it would pay investors triple for principal reductions. While the administration wouldn’t estimate how many borrowers could be allowed into the program as a result of the […]

NY loans weigh down multifamily CMBS performance

Mortgage Loan

Multifamily loans backing commercial mortgage-backed securities are performing better than expected, but remain weighed down by the influence of rent-stabilized properties in New York, a Fitch Ratings report said Friday. “Multifamily loans, along with hotels, have rebounded by the most strides over the past two years,” said Huxley Somerville, managing director of Fitch Ratings. Somerville claims in a research note that multifamily loans in New York are driving total late-payment rates higher in the segment. In 2006 and 2007, issuers […]

NY AG sues big banks, MERS for mishandling foreclosure documents

Other

New York Attorney General Eric Schneiderman filed a lawsuit Friday against three of the nation’s biggest banks and Mortgage Electronic Registration Systems over allegedly fraudulent foreclosure actions. In the complaint, Schneiderman said the creation of MERS led to a system that resulted in homeowners and public servants being unable to track their own mortgages. MERS, in response, said that is not operating outside the law and that pass judgement will exonerate the validity of the electonic registry’s actions. Schneiderman, who […]

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