Should I keep paying my rent? My Landlord is in foreclosure

Dollar

If you spend any amount of time perusing real estate question and answer forums, you will find an inordinate number of questions framed something like this: My rental is being foreclosed on, should I keep paying my rent? Or the slightly more hostile version: If my landlord isn't making his mortgage payments, why should I send him my rent check? Let's start by looking at what a lease is. You … [Read more...]

Specifying a Lender. Steering? Illegal? Or just Stupid?

Money close up

There was a "featured" post on Active Rain (a real estate blogging platform) today that discussed real estate listing agents placing certain requirements into the Multiple Listing Service (MLS). The article, titled Can the Listing Broker Specify the Lender?, (must be a logged in Active Rain member to access) expressed concern with what appears to be a growing practice of inserting into the MLS … [Read more...]

7 Habits of Highly Effective Home Buyers

seven-dice

If you read the article published here last Thursday, 7 Habits of Highy Effective Home Sellers, then you probably saw this one coming... This time I'll try not to leave one of the seven habits out. Though by accidentally doing that with the seller's habits post, we got some outstanding contributions from readers. Be sure to read the comments in that post for more insight. Why seven habits of … [Read more...]

7 Habits of Highly Effective Home Sellers

Old-Number-7.jpg

Pretty original title eh? Apologies to Stephen Covey… It fits though, and there is something to be learned from how home sellers have approached the often arduous task of putting their home on the market, and more importantly, closing the transaction. Effective Habit #1: Be Realistic What your neighbor sold their home for last year, or even last month, doesn’t matter. What you “lost” … [Read more...]

Redfin Pulls the Plug on the Scouting Report

redfin-logo

For those that have been following the saga of the Redfin "Scouting Report" for the past several days, you should read the latest post on the Redfin blog, Requiem for a Dream. Redfin pulled the plug. You can read the post for all the reasons why. As I said here in my two previous posts on the subject, I don't have a problem with displaying agent sales data. But that data has to be … [Read more...]

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