Gary Frimann, CRB, CRS, GRI, ABR, ABRM

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We do need to lighten up on lending standards. I think we should even bring back 100% financing, although it should be with tight ratios, and INCOME VERIFICATION! It was 100% with stated income that caused the problem. 100% financing will bring in a ton of buyers,make it fixed rate, and allow these people to get on board. No N/O/O unless there is 30-40% down. I think a lot of the problem stems from insiders, such as Realtors writing their own loans as well as loan originators writing their own loans. Sent a false signal to the market. Show tax returns and bank statements to show income so Brokers do no lie about their agent's income. A ton of inventory would disappear and price appreciation would return, resulting in a lot less walking away. Gary Frimann Broker / Owner EAGLE RIDGE REALTY / SIGNATURE HOMES & ESTATES http://www.EagleRidgeRealty.net http://www.SignatureHomesAndEstates.com

Clearly bad law. Whast is to prevent every seller from inserting an "as-is" clause to escape liabilty? Gary Frimann Broker / Owner EAGLE RIDGE REALTY / SIGNATURE HOMES & ESTATES http://www.EagleRidgeRealty.net http://www.SignatureHomesAndEstates.com

Good points! Great post. Has not happened to me, and all agents should get all stuff in writing. Gary Frimann Broker / Owner EAGLE RIDGE REALTY / SIGNATURE HOMES & ESTATES http://www.EagleRidgeRealty.net http://www.SignatureHomesAndEstates.com