Creative Lenders Needed

The standard 30-year fixed rate mortgage has been around for a long time and must have been revolutionary when it was introduced as it opened the door to home ownership. If you believe the current real estate market is experiencing evolutionary problems that can’t be fixed with a short term stimulus package then we need some of the big and trusted players in the mortgage industry to lead the way in developing a new standard mortgage product as revolutionary as the 30-year fixed rate loan was when it was introduced.

To learn more, check out my column over at Rocklin & Roseville Today, “Don’t blame the sub-prime lenders.”

Closer to home: Congratulations Kelly! Yesterday, Kelly Baker, one of our new agents at MagnumOne Realty, closed her first ever solo real estate sale. Typical of today’s market it was a short sale and Kelly did a great job for her client, a Soldier who is being deployed to Iraq. She took over the listing from another agent who didn’t have any experience with short sales and with my help we were able to get it priced correctly, had 17 showings in the first weekend and had it in contract within three days. Not bad for a first sale and her client who has enough to worry about can cross off having to face foreclosure.

If you know Kelly, send her a congratulations email, she would appreciate it!