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Archive for March, 2010

Congress Realty – View all listing paperwork before paying anything

J. Andrew English J. Andrew English
Friday, March 19th, 2010

I’ve never understood why other FSBO related websites will not show you the docs they want you to sign unless you pay for the service upfront. After they receive payment, they then give you the docs they want you to sign. This makes no sense to me from the consumer perspective.

With our list now email system, you can download and print out listing docs anytime you wish before paying a penny. There is no obligation whatsoever when you click our list now button. By clicking this button, the only thing you are doing is having our Flat Fee Listing Docs emailed to you. Once you receive them, you can read over them, if you like what you see, fill them out and send them back… if not, throw them away… No questions asked.

If you run into a company that wants your money before they will show you their own listing contract, consider what they may be hiding before paying for their service.

FHA Update -NAR – Congress

J. Andrew English J. Andrew English
Thursday, March 11th, 2010

NAR is asking Congress to refrain from raising the min downpayment requirements for FHA Loans.  In 2009, FHA insured more than half of the loans taken out by first time home buyers. NAR is concerned that the road to recovery will be delayed even further for the housing market if FHA loans become more difficult to acquire.  Critics are asking for FHA to increase the downpayment amount to 5% from its current 3.5%, amongst other stricter proposals. These proposals include higher down payment for borrowers with sub 600 credit scores, capping seller concessionsat a max of 3%, and so on…..