Archive for May, 2010

Bank Owned Subsidies Need to be Re-Evaluated

May 27 2010

The Government Money Tree.

I received this link in an email I got from my broker.  I believe it needs to be seen by everyone who pays taxes. (and even those who don’t yet) I am beyond words with this.  Its unbelieveable to me that in these times of hardship, banks can get away with this B.S.  I do not want MY TAX DOLLARS going for this kind of subsidy.  We all need to write to our congressmen and demand something be done about this.

OneWest Bank deals found on You tube

Buying Bank Owned Properties

May 24 2010

In the past I have allowed the seller (the banks agent) to choose the escrow.  Although it’s the buyer’s right to choose in Alameda County.  Why you ask?  Well because the bank has said they woulod pay all the escrow and title fees.  I have found thought that even if you put it in the car contract they don’t always pay.  Also whne your client is buying a home in alameda county and the escroe and title companies (plurl) are in bevery hlls 90210 it makes for a much more complicated and expensive closing, with extra fees for a traveling notary.  So, lesson learned, from now on my clients will pick their own escrow not the bank!