A New York Mortgae Planners View:

The first Time for me to do the Mortgage pro Week in Review. But who can refuse Jeff Belonger who is devoted to contribute that much information and knowledge to the group and active rain as a whole, I figured let me give it a try.

Here are the Highlights.

Did You know that you can do stuff.

• Christina Ewing  in her Post  FHA Financing on Condos-You really can do it...I Swear! 

Teaches us that you can still do a condo FHA loan even if the development as a whole is not approved with FHA. This is called Spot Approval Very informative!

• Jeff Belonger in his post Kiddie Condo" FHA loans aka Non-Occupant Co-

  Borrower Loans - What are they? In my opinion a amazing college planning tip. In adition it is a great follow up to Christina Ewing's post now that we know we can buy condos with FHA.

A word aboud Taxation.

•    Niman @TReXGlobal.com : TReXGlobal.com in his post   I'm Selling My House to Myself because of Uncle Sam!!! explains a very important Tax planning tool how to depreciate market value despite the fact that you already bought the property 30 Years ago for 30,000. this post reminds us why real estate is such a great investment at all-times.

A word about your marketing. First of all know whom you are after.  

• Steve homer in his blog Are you Missing 39% of the Real Estate Market? makes great point The NAR is doing some significant research on buyers who they are and where they come from. Read it and learn how to look at your target market.

• Misty Lackie in her post Save money, save paper and capture leads  Makes a great point, Capture the leads don't just let the flyer's fly< Know where the fly.

About the Shame Blame Game.

• Mike Mueller
  Walnut Creek, CA
   a real professional in my opinion,  in his article  titled "Lenn Harley is WRONG"in an effort to assign some blame the the real estate agents and brokers states very clearly the challenges we all had when the tide was high and many unqualified Mortgage brokers wrote in on it.
  And when the ethical hard working Loan professional couldn't prequalify a client for the amount the Realtor expected, the Realtor had a few more So called mortgage brokers that he kept in his Rolodex that he turned to, to get the deal done By hook or by crook.

• Janet Guilbault, California Mortgage Expert  in her post Why The Mortgage Ship Sank and The Realtor Ship Sailed Ondelivers a beautiful story of the smooth sailing ship and calm sea we had until late 2007. but then the storm of 2007 hit and only the though and rugged sailors and the strong ships survived,
  makes an excellent read.

New Rules coming down the pike.

Robert Ashby in his post  Federal Reserve Issues Final Rule Amending Regulation Z (Truth in Lending)Covers the few changes we expected coming down for a long time what I like is his commentary.

Have a great week evreyone it was an honor to be part of an elite group like this. I learned allot from you guys and I hope I did contribute at least a percent of what I learned.

Make it a successful one, Think good and it will be good.

Sincerely

Joel Silberstein

Certified Mortgage Planner