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Jul

20
2012

Vet home inspectors before deadlines loom

By Inman News, Friday, July 20, 2012.

Re: 'Can I trust my home inspector?' (July 17)

Dear Editor:

Inspectors, Realtors, plumbers, even your baby sister -- all have licenses and credentials. These pieces of paper cover only the most basic standards. How well any service provider functions, or the quality of the results, cannot really be legislated.  more...

Jul

19
2012

Unattached appliances are personal property

By Inman News, Thursday, July 19, 2012.

Re: 'Hands off these items in a home purchase' (July 16)

Dear Editor:

While the recommendation of writing into a real estate contract items that the buyer wants to remain in the house is good advice, it is also problematic.  more...

Jul

16
2012

Jul

10
2012

Underpricing short sales 'borderline unethical'

By Inman News, Tuesday, July 10, 2012.

Dear Editor:

Last Friday afternoon, an investor client of mine called me very excitedly.

"Madeleine, there's a unit at the Mirador that got listed at $120,000," he said. "It's a one bedroom, immediately prepare an offer for $130,000!"

I groaned as I knew the property was totally underpriced and this would be a disappointment for my client. I researched the property and looked at the comps, which were in the range of $165,000 to $200,000.  more...

Jul

5
2012

Vet originators of FHA 203(k) loans to investors

By Inman News, Thursday, July 5, 2012.
The article was a great one and I wanted to comment in support of such an initiative from FHA. This needs to happen sooner than later.

The housing debacle has been going on long enough that the commissioner should have heard our cries much sooner. We were invited back in November, 2010 to attend this conference on this subject in a closed session.

That said, my suggestion is for a more transparent approach to prevent fraudulent approaches by investors.  more...