My New Blog

Re: Lisa Folwell

8/26/08

Both Lisa Shaw with VanDyk Mortgage & Dawn Ottinger of Lakeland Realty were very helpful. They made the whole process fun!!!!

Lisa Folwell

Clevland NC

In this extremely slow market the internet is the only thing that separates the "Haves from The Have Nots".

Experienced agents that are thriving right now are not relying on their local market but are claiming a larger market share due to a strong internet presence.

A good example of that is the case of Davie County North Carolina in June of this year. 15 homes sold in the entire county!!!! There were at the time 126 Realtors and 16 mortgage companies. Therefore many i agents & mortgage companies went hungry that month. If you are not tapping into the "World Wide Web" then how do you expect to survive?

Doing so requires more than a "Listing Book Account" or a sub domain from your current broker. Every agent that expects to survive until June of '09 must have a web site that gets good search engine results. ( on Google's First or Second Page ) If you as a Realtor do not have such a web presence then you can expect to be part of the 60% of all agents expected NOT to be in the business by the years end.

But how do you get to be an Google's first or second page without paying for each click?

The answer is in three little letters, SEO or "Search Engine Optimization. There is an entire industry that focuses on nothing else buy optimizing web sites to be "Google & yahoo Friendly"

Google & Yahoo Represent about 80% of all searches performed

In up coming Blogs we will discuss what SEO is and how you can use this valuable tool to separate yourself from the pack  

If this is the first time here on our blog check out some of the other topics or go to our main site at www.mtgbuy.com

Or if you would like to discuss how you can receive a free web site, just write me at:

john@mtgbuy.com

Greetings,

Re: A solution to Housing/Mortgage Crisis

I have been in the mortgage business for more years than I care to count and have never seen things so bad. The so called FHA fixes are not really helping anyone. All I do is FHA loans and yet not one client that has asked me about the new FHA programs to help borrowers has been able to meet the new guidelines to get the help!!!!

Too, since the industry has tightened up lenders who are doing standard FHA loans are NOT following FHA guidelines. For instance, there is not supposed to be a minimum score for FHA loans, yet almost to a man lenders are imposing their own guidelines that overlay what FHA guidelines call for. We understand why they are doing these things which is to offset the risk of the loan. However I thought that is what FHA was supposed to provide. The solution to national liquidity will be returning to TRUE FHA lending. We can get to this point by doing three things

1) Have FHA guarantee 30% of the Mortgage instead of 20% as it is now. This will get lenders into more of a comfort zone and allow underwriters to be more comfortable signing off on borrowers that actually qualify

2) Make lenders approved for FHA, FOLLOW FHA GUIDELINES. Right now they are making up their own guidelines and attaching them or overlaying them to FHA loans. Make it mandatory that if they are to continue to lend with FHA guarantees that they must follow the spirit of the guidelines of the FHA loan

3) Investors play a huge roll in this real estate market. I believe to keep many thousands of additional properties from foreclosure that FHA needs to create a product for investors. Guarantee 10% instead of 20% for the owner occupied bran

Without liquidity a business chokes to death. Is a government any different????

By doing these three things you free up money TODAY and make lenders more comfortable in covering their risks

Warm Regards

John Shaw

john@mtgbuy.com

www.mtgbuy.com

Starting today 8/7/08 we will be adding the name of any Realtor that we get a testimonial on.

At every closing we ask for a testimonial from the client on how they viewed the work we did for them.

Sometimes just the boxes are checked and sometimes they will actually write a few words expressing how they feel. When they express how they feel we post these on our testimonial page here on our web site.

Starting today we are adding another feature and including any testimonial that was said about the Realtor that served them. Our first such is found in a testimonial we received today.