Hi Everyone,
Here’s the follow up from our short sale class:
There was a question about the new NWMLS rule regarding identifying listings as “short sale” or “bank owned” and whether or not existing listings must be identified in this manner or if it would only effect new listings going forward. I did hear back from Melody Stumpf:
When the new rules take place tagging all new listings that are short sale or bank owned, listing agents will have to go back into their existing listings and tag them or they will not be able to make any changes to that listing until they do and also can get fined if they don’t do it.
Thanks, Melody!
Here’s the pie chart I told you about that shows the components that make up your FICO score.
Dr. Robert Shiller of the famous Case Shiller Home Price Index was in town yesterday. Here are a couple of stories about his appearances. This one is by Aubrey Cohen, the PI Journalist that attended class yesterday and here’s another one from SB.
Finally, this morning, CR has the news about the President Obama Administration’s new plan addressing second mortgage liens.
Thanks for a fun class yesterday!