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.
Last month 159 3/2 homes built after 1995 priced from 200k to 300k sold in Phoenix, (down about 13) There are currently 9051 (all years sizes) active single family home listings in Phoenix. (up nearly 875)
1105 homes show pending (all years/ sizes) (down about 70)
Av. 3/2 1664 listed at 246k and sold at 241k with 99 days on the market. (3/2's built after 1995 200k-300k avg.)
www.KevinBeasleySellsHomes.com
Location Characteristics: There are alot of beautiful places to live in Phoenix, but there are alot of bad too. The whole city has had a facelift since I was a kid, and alot of areas may pose a tempting to place to live, but avoid the southeast and southwest parts from Baseline to McDowell and from 32nd. St. to 99th. Ave. There are alot of historic home and new condos in the centroplex that are simply gorgeous. Towards the North and the Northwest, are the most desireable areas. Avoid the Sunnyslope and Maryvale communities! Like most of the valley the market favors the buyer.
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.
