Thursday, April 1, 2010
MARCH: ANOTHER RECORD SETTING MONTH
The Sales Associates @ Century 21 Boling are amazing! Give them a job and it's done! Give them a challenging market place and they go to work! Great job everyone!!
FLOOD INSURANCE
Because the US Congress argued over funding, the deal on flood insurance fell apart over the weekend. If you are working a transaction that involves flood insurance, contact your closing attorney ASAP. The US Congress failed to reach consensus on a spending bill last weekend so flood insurance is now a serious issue threatening transactions.The current situation is the result of the House and Senate's failure to agree on how to pay for the reauthorization of NFIP, along with a number of programs including unemployment insurance, COBRA health coverage, etc. that are all together in one bill.
For a while now, all that has been possible is a series of short term extensions. Before Congress recessed, all reports were that a deal was near; obviously it fell apart. There have been six flood extensions since September of 2008, and this is first one since 2002 where the program was not extended within a few days of the expiration date. Right now, NAR efforts are focused on clarifying with Federal agencies, GSEs, and the bank regulators, what is permitted. And, what they can do to help clarify what options lenders have.
The OTS guidance is an example of that. Also see the excerpt from the NFIP Manual in the adjacent sidebar, for further confirmation. NAR should have something from FHA and Fannie tomorrow; Freddie has issued something confusing, and NAR is seeking clarification. They will provide an update with the guidance, and have issued a targeted and expanded Call For Action. Unfortunately flood insurance has been caught up in a larger political debate over the federal deficit.
For more information, use these links:OTS GuidanceFEMA Memo & FAQsIf you're experiencing closing issues, please contact the SCR Legal Hotline at 800-233-6381 or email Byron King. Sincerely,Byron KingSCR VP & General Counsel
For a while now, all that has been possible is a series of short term extensions. Before Congress recessed, all reports were that a deal was near; obviously it fell apart. There have been six flood extensions since September of 2008, and this is first one since 2002 where the program was not extended within a few days of the expiration date. Right now, NAR efforts are focused on clarifying with Federal agencies, GSEs, and the bank regulators, what is permitted. And, what they can do to help clarify what options lenders have.
The OTS guidance is an example of that. Also see the excerpt from the NFIP Manual in the adjacent sidebar, for further confirmation. NAR should have something from FHA and Fannie tomorrow; Freddie has issued something confusing, and NAR is seeking clarification. They will provide an update with the guidance, and have issued a targeted and expanded Call For Action. Unfortunately flood insurance has been caught up in a larger political debate over the federal deficit.
For more information, use these links:OTS GuidanceFEMA Memo & FAQsIf you're experiencing closing issues, please contact the SCR Legal Hotline at 800-233-6381 or email Byron King. Sincerely,Byron KingSCR VP & General Counsel
Wednesday, March 17, 2010
Boasting BROKER!
Century 21 Boling is making a difference in the market every day, one listing, one sale at a time! When my Associates make a sale...we RING THE BELL! There is so much "bell ringing" going this month and past 4 months...that Company records are being re-set!!
Watch our video that was posted last week and see what kind of motivated associates we are!
Buyer or Selling...you need to know who's working. We don't do miracles...but we work hard and get the job done!
Watch our video that was posted last week and see what kind of motivated associates we are!
Buyer or Selling...you need to know who's working. We don't do miracles...but we work hard and get the job done!
HAPPY ST. PATRICKS DAY!
Hi, Everyone... "Diligence is the mother of good luck." That's the way Benjamin Franklin put it back in the 1700s.
The Roman philosopher Seneca said, "Luck is what happens when preparation meets opportunity.
"Here's what I think (after 44 years of experience - plenty of failures, some success - reading and listening to the stories of experts and those who've been through it all)...Luck is a force that makes things happen.
You want more luck...
Prepare.
Work hard to be ready for the opportunities that are important you.
Research. Practice. Perfect.
Be awake.
Pay attention to the people, events, and things around you.
Evaluate logically and trust your gut instinct.
Take action.
Put yourself out there.
Explore.
Be vulnerable.
Make contact with people.
Take risks.
Expect positive results. Optimism improves your chances. If (when) you fail, embrace the lesson and continue on, smarter. That's it.
Now go be lucky.Happy St. Patrick's Day!
Sam
Author of Smile & Move and 212
The Roman philosopher Seneca said, "Luck is what happens when preparation meets opportunity.
"Here's what I think (after 44 years of experience - plenty of failures, some success - reading and listening to the stories of experts and those who've been through it all)...Luck is a force that makes things happen.
You want more luck...
Prepare.
Work hard to be ready for the opportunities that are important you.
Research. Practice. Perfect.
Be awake.
Pay attention to the people, events, and things around you.
Evaluate logically and trust your gut instinct.
Take action.
Put yourself out there.
Explore.
Be vulnerable.
Make contact with people.
Take risks.
Expect positive results. Optimism improves your chances. If (when) you fail, embrace the lesson and continue on, smarter. That's it.
Now go be lucky.Happy St. Patrick's Day!
Sam
Author of Smile & Move and 212
Friday, March 12, 2010
Monday, March 8, 2010
Century 21 Boling Award Winning Video!!
My staff surprised me with their skit during our Award Banquet and WON!
http://www.youtube.com/watch?v=bBGI2AdCGFw
Enjoy...it will make you smile!
http://www.youtube.com/watch?v=bBGI2AdCGFw
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