CFPB Aims Sights at Real Estate Offices

Well it’s here.  There is a class action lawsuit for $11.2 million against a large real estate company for RESPA violations. NAR can’t really do anything about this one.  Long & Foster Real Estate is on the short end of the stick with regards to a huge RESPA lawsuit.  They’re …

Another Chase Banker Dies

There absolutely has to be something going on at Chase right now as yet another executive takes his life by jumping 30 stories to his death. Last week we reported that high level investment execs have been killing themselves.  Two of those guys were from Chase and now yet another …

Bitcoin Allowed by Real Estate Firm

Manhattan Real Estate Firm, Bond New York, is now accepting Bitcoin as a means of payment when buying a home. What is Bitcoin?  Have you ever heard of it?  Well it’s money.  It’s money that has no regulation that’s virtually on-line.  Bitcoin is really taking off and it’s no surprise …

Success is Easy as Performing a Quadruple Bypass

Success is Easy as Performing a Quadruple Bypass.  All you have to do is apply yourself. As we approach the beginning of the new year we are leaning more toward motivational, or inspirational thoughts on the show.  Don’t worry though, if anything catastrophic occurs in the industry we’ll let you …

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The Poor Door

Manhattan developer creates a special “poor door” for his low to moderate income families he has to work into his high rise.

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poor-door2-e1375452123788Now on to the “poor door”.  Essentially what we’ve got here is a Manhattan developer that built some multi-million dollar condo’s in a highrise, but in order to be able to get the permit to build he had to have a certain amount of low to moderate income homes in the complex.  Well, he figured the rich people wouldn’t want to rub elbows with the poor people while waking through the front door, so he made another door in the alley around the back that people are calling the “poor door”.  Okay…. Uh, what do you think about this?  Cool? Not cool?  Compliant?  Not compliant?  Seems a little dicey to us, how about you?  Let us know what you think about it in the comments down below.

With that you all have a wonderful day!

Frank and Brian

Zillow-Trulia Possible Antitrust Case?

July 29, 2014 FHA/HUD, Trulia, Zillow 44 Comments

There is some rumbling about a possible antitrust case with the Zillow-Trulia merger.

Before we jump into today’s show, let’s go over something.  There’s a lot of you out there that buy mortgage leads.  The problem is keeping track of them from start to finish to make sure you’re getting a good ROI.  Well, LoanTek has you covered.  These guys are the base in the industry and what’s more is they will let you try their product while you’re finishing out your contract on your inferior product to see how good it really is.  So to get started – CLICK HERE.

monopolyman1Now on to the show.  You’ll be amazed how much the out-going HUD Secretary and the incoming look like Napoleon Dynamite and Pedro… Just sayin…  Anyway on to other things.  There is some rumbling about an antitrust issue with the Zillow/Trulia merger.  Some folks, like us, think there might be some kind of monopoly at hand here with what’s really a third of the US economy.  Hey don’t get us wrong we think we could all learn a thing or two from Zillow and Trulia.  They’ve boldly gone where no site has gone before, but are they leaving real estate agents in their wake?  Time will tell and we’ll see how this unfolds, but tune in to see what other thoughts we have on the matter.

You all have a nice day!

Frank and Brian

The 2 Billion Dollar Trulia

July 28, 2014 Trulia, Zillow 14 Comments

2 billions dollars for Trulia and it looks like the deal is going through.  Think about 2 billion dollars.  Why is Trulia worth so much?

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Trulia 2 billionNow on to the show.  Really don’t want to get into it too deep here, would rather you just watch the show, but the question today for us is to really try and comprehend why Trulia is worth $2 billion.  What is it about them that’s made Zillow who’s clearly bigger want them in their fold.  Let me tell you…. it’s your clients that’s why it’s worth so much.  Well if your clients are worth so much to Zillow and Trulia, how much are they worth to you?  And if you feel like they’re worth a lot to you, how do you make sure that they know it?

Tune in and let us know your thoughts in the comment section below.

Have a great week!

Frank and Brian

Zillow to Buy Trulia

July 25, 2014 Big Banks, MLS, Zillow 44 Comments

Holy cow!  Zillow looking to buy Trulia?  Yeah and that’s not all…

Don’t forget!  If you’ve got people in that 3 to 5 year waiting period after a foreclosure of a bankruptcy, there’s a Mortgage Alternative Program that could be just the thing for you.  It’s truly one of the best programs we’ve seen since the recovery from the crash.  If you want more information just CLICK HERE.

Zillow TruliaLike the post title says, it looks like Zillow is eying to buy Trulia.  Wow, think about that monster.  Imagine the control this new listing portal will have in the real estate industry.  They’re going to have the entire real estate industry by the tail, the world will be their oyster, they’re going to be on top of the world… you get it.  We’re not sure what to think of it really.  Maybe it’s going to be a drag, or maybe it”s going to be awesome.  The one thing we fear is that Zillow will start selling real estate.  “Why go through an agent?  Just list with us because that’s where you buyer is going to find your house anyway!”  There’s their new slogan.  You’re welcome for that Zillow.  Anyway it’s a big step in the evolution of making real estate listings available to the public and we’d love your thoughts on it so leave us your comments down below.

With that you all have a wonderful weekend!

Frank and Brian

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