Joe Petrowsky's Blog

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Mortgage and Lending - Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - NMLS # 6869

ARCHIVED BLOG POSTS

2011 

“Survey Shows First Time Home Buyers Growing Weary of Short Sales” Right now, I don’t see a solution to this problem. I interview many first time home buyer during the preapproval process. Many have raised the same concern and most say they will still go after the best buy that they can find and ...
09/30/2011
“ Linkedin Milestone For Me” I got serious about my Social Media Marketing just over 5 months ago. Activerain and Linkedin were the media that I decided to concentrate on. I am a believer, as I see the results! My intension was to broaden my network of folks that I could refer business too. It is...
09/30/2011
“Organized Crime Takes on New Meaning”   After reading this article and many like it over the past few years. I continue to get disgusted by how often mortgage fraud is committed in this country.   I have written on this topic so many times, but there doesn’t seem to be an end in sight.   One thi...
09/29/2011
“This Short Video Will Give You More Truth About Our Housing Issues”     How did he get elected to another term? How does he co-sponsor the largest Financial Reform Bill in our history, which should be repealed by the way, and not include Fannie Mae and Freddie Mac?   As  part of these regulation...
09/29/2011
“When You Go to Sleep with Dogs, You Wake Up with Flees”   Over the last few days I have been reading articles about how the Bush Administration was responsible for the problems with Fannie Mae and Freddie Mac and in turn responsible for the housing crises. The article below written September 17...
09/28/2011
“To Many Regulations and Restrictive Underwriting Guidelines” The National Association of Realtors has called for more lending. Here is the problem, there is no lack of money, programs and low interest rates. The big problem are the regulations, stricter and unreasonable underwriting guidelines. ...
09/28/2011
“Fed Says Lowering the Loan Limits Will Little Effect”   What the FED doesn’t take into consideration, is folks that already have an existing mortgage and the value of the home has dropped, combined with a lower loan limit means, they can no longer refinance at a lower interest rate.   When someo...
09/27/2011
“Who the Hell is Cheering Dodd-Frank”   Brilliant Rep. Barney Frank says he’s glad that the big banks have been downgraded by Moody. He goes on to say, that it proves that big banks aren’t to big to fail. Way to go!   Now this esteemed co-author of Dodd-Frank, really does a great job with these k...
09/27/2011
“I Admit it, I Have Made All These Mistakes” Over my business career, I have made each and every mistake listed in the article below. I wish I had read more, studied from others more and fixed recurring problems quicker. One thing stands out for me, on all these mistakes. Handle issues immediatel...
09/26/2011
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“Ability-to-Repay”   What a novel concept! Rules are being drawn up, that if you can’t pay the mortgage, you are not going to be able to get one. Are you amazed, that FEDERAL Rules are being written for this purpose.   There should be a separate prevision that addresses individuals that are self ...
09/26/2011
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Joe Petrowsky

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