Retribution for foreclosed homeowners still possible

Homeowners still have a chance to be compensated for faulty 2009-2010 foreclosures, according to a recent news report. The Federal Reserve Board announced theIndependent Foreclosure Review deadline has been extended to September 30, 2012. The Federal Reserve Board also released guidelines for determining compensation for eligible homeowners. Only homeowners whose primary residences were involved in a foreclosure process between January 1, 2009 and December 31,…

Top 3 Reasons I Won’t Ask For A Referral Fee

Generally, when we refer out business, we expect a referral fee with is usually (but not always) 25% of the overall commission.  There are times though when, at least for me, I don’t even bother.  My attitude on referrals began when I was new in the business and I had several generous agents just hand me…

Big banker speaks some sense, public stunned

If a Great White insisted he only ate seafood, would you throw your children in the water with him? Probably not, which is why we are scratching our heads at Sanford I. Weill’s recent statement on CNBC that the basic tenets of the Depression-era Glass-Steagall Act ought to be reinstituted. Glass-Steagall was a key piece of financial reform…

The New Totalitarianism of Surveillance Technology

A software engineer in my Facebook community wrote recently about his outrage that when he visited Disneyland, and went on a ride, the theme park offered him the photo of himself and his girlfriend to buy – with his credit card information already linked to it. He noted that he had never entered his name or information…

Shrinking inventory misleads future sellers… for now

California’s housing supply is shrinking! Is this a Wall Street Minsky Moment for California’s real estate market? Data: Housing inventory has decreased by 49% in Los Angeles and 53% in San Diego this summer, compared to the same period one year ago. This lack of listings is causing bidding wars. Result: Sellers have received high multiples of bids, 50…

Obamacare law designed to unionize 21 million health care workers

In a book set for publication Tuesday, a politics and government professor at The Citadel claims President Obama’s 2009 health care reform law was, in part, a union-driven effort to organize 21 million health care workers. Read more: In a book set for publication Tuesday, a politics and government professor at The Citadel claims President Obama’s 2009 health care reform…