Dorene Shirley's Blog

As we all know, mortgage delinquencies have risen sharply, especially among riskier loans since 2006.  Even though foreclosures have increased, the overall ratio of foreclosures in our marketplace is low.  Some areas felt the pinch of foreclosures more than others.  We've been lucky here in the C...

The statisitcs for the Campbell area are as follows:January 2008New Listings                      54Current homes listed        135         Closed Sales                     14       Average Days on Market     54Average Sales Price           $777,825    Total sales volume        $10, 889,550      ...

 Well most of us know there is a dog park in Campbell, which is divided into an enclosed area for small dogs and one for big dogs.  Both dog areas are partially covered with grass and partially with wood chips. There are logs and boulders for the dogs to play on, trees and awnings for shade, benc...

Just when I thought I'd seen it all, another scam came along to shock me.  A few yeas ago I received a call from one of my clients to refinance his home.  The day after I pulled his credit report, my client emailed asking if I had someone call him regarding his loan application.  I emailed back, ...

You've had Plenty of Time to ConvertI must speak my piece concerning homeowners who are facing rising rates and higher monthly payments as their adjustable rate mortgages are reset. We have heard many stories of American families' who are shocked and surprised when they receive their notice of ra...

The requirement to become a mortgage loan officer is often very limited.  If the loan officer goes to work for a bank, they usually just show up for work.  The bank goes through a quick training of "this is how we do this here" and voila' they are now loan officers ready to give you advice on whi...

A prepayment penalty is a provision of your mortgage contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty.  Penalties are usually 6 months of interest on the unpaid principle balance.  The maximum penalty time is 5 yrs.  The time period vari...

What is a Short Sale or Short Payoff? A short sale (also known as a short payoff) is when a lender or lenders accept a discounted payoff on an existing mortgage to avoid the cost of a foreclosure. In other words, when a homeowner owes more than can be collected through a real estate sale, a short...

It is not always a lack of money that creates financial pressure. Many times it is simply a matter of attitude. It's the use of money and the attitude toward money that is the problem when overspending.  There are many ways to get into debt but only one sure way to get out and stay out of debt: s...

With the market the way it is...I've noticed the phone rings a bit less than before.  What are some of you seasoned agents doing to dig up some new business?Expired, Cold Calling, Seminar, Blogging, Farm Mailers, Door Knocking, Contacting SOI. Attending Networking Meetings...Gee did I forget anyt...