CALL KEVIN 24/7 AT 623-583-6346 OR 602-920-2201 SEARCH THE MLS, FIGURE YOUR MORTGAGE, ON MY WEBSITE www.KevinBeasleysellsHomes.com
MORTGAGE BROKERS: TO LICENSE OR NOT TO LICENSE, THAT IS THE QUESTION
It looks like the bill to license loan officers has hit another snag..like any politician could find a reason NOT to license mortgage officers. Like the bible says, "everything lawful isn't always beneficial" Most of the reason we are in the crisis today is that these guys wrote these crazy sub-prime loans that were designed for short term/fix and flip investor loans. Most of these were loans were given to young first time buyers who were not really financially able to perform on a loan anyway. I remember during the spike a young couple approached me with an LSR that qualified them for a loan for 225k the loan at 1st position, 80% loan was at 9% and the 20% loan was 11% The young man worked at McDonald's as an assistant mgr. and the young lady worked at sonic as a car hop. (less than 1yr) I suggested they re-think the matter, and that was the last I heard from them. Now this young man was a big boy, and I'm sure he should have been responsible to dig into the matter and weigh his assets over his debits, but I also know how scandalous some people are in this industry. It is easy to circle in red an $800.00 a month payment and gloss over the $2600 payment or bury it in a stack full of paperwork, or disguise it with 3 dollar words and percentage points. What is sad is that people who do qualify for 100% no or low doc loans today, cant get get those loans because the prime and sub-prime markets are just too gun shy. (Reminds me of a bird dog I accidentally peppered when I was a kid. She flushed a bunch of quail and some of the shot sprayed her in the hind end. She never got out of the truck after that) My point is licensing mortgage officers is a great idea, also holding them to a code of ethics would be a great idea as well. Hopefully the politicians will act appropriately on this matter. There are good and bad people in all aspects of this industry but subscribing to a code of ethics and being licensed should be a requirement. It wont alleviate all the scandalous dogs, but when people are held accountable and there are consequences for negative behaviours, it will no doubt help put a dent in bad practice.
CALL KEVIN 24/7 AT 623-583-6346 OR 602-920-2201 SEARCH THE MLS, FIGURE YOUR MORTGAGE, ON MY WEBSITE www.KevinBeasleySellsHomes.com There are 329 active listings as of 11/4/06 in Gold Canyon. (Down bout 30 from last month)
20 pendings
Last month 27 homes sold down 6 (the priced range from 190k to 1.25 M Average home was 1950 SF 2 br 2.27 ba that listed at 357k and selling for 334 k down about 50k with 146 days on the market
Location Characteristics: Call KevinBeasley at 623-583-6346 or 602-920-2201 for pictures and detailed reports via snail or email. I was out there previewing homes the other day and I must say I miss living in the east valley. Beautful hiking trails around the famous and mysterious Superstion Mountains. Beautiful views unspoiled by man and machine and gang activity. Just east of Apache Junction it is a bit of a drive to the Phoenix metro (about 50 miles) Perfect community for semi retired, empty nesters, and home business operators.
About Kevin Beasley:
Give me a call folks, at 623-583-6346 or 602-920-2201 and I'll explain why I am a cut above the rest, and show why flat fee and discount brokers can't hold a candle to me. I have a 15 point sales tactic thats been proven to get results. I provide incentives, and one on one service in the valley, that only a multi-million dollar producer like myself can provide. At both my businesses I strive for 100% customer satisfaction. These aren't just fancy words, they are facts that have earned me top 10 ranking status in my office. For example, one incentive I provide is my free move program that my clients just love. I provide up to 8 hours of full moving service, by New Start Moving. I also make this incentive available to the other agents client free of charge with an acceptable agreement. My moving company is licensed, bonded, and a proud member of the B.B.B a member of P.O.R.A. and all the Sun City H.O.A.'s I welcome out of state inquiries as well local calls. Give me your e-mail address, your property type, price range, square footage requirements, city desired, bed and bath requirements, and I will email you comps, and all active listings directly from the MLS. If your and investor or home buyer, you've just found your personalized real estate agent. My experienced team can handle any or all aspects of your relocation needs from mortgage to move in. See my website for information about myself, my services, and testimonials from just a few satisfied clients. www.KevinBeasleySellsHomes.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
