Another late start with some of my online stuff today because I was running around getting the 9,476,532nd addendum signed for a foreclosure that a client is buying. As my client put it, why do they make it so hard to buy a foreclosure?
But in a world full of people looking for any excuse to sue, the banks have to be sure they are using plenty of CYA.
And many times the addendums are to prevent a buyer from doing anything weird or stupid. What weird or stupid things that could be usually has to do with someone trying some scheme they learned in a get rich quick seminar. Sad really because this just makes it tougher for legitimate buyers and slows down the healing process we need so desperately in real estate.
Anyway, I just shared an article about some recent real estate news. I am sure the media will take the latest NAR Pending Home Sales numbers and try to use fear to keep you glued to the TV set. Well I talk about the national numbers and then also talk about more useful information for Upstate SC buyer, our Pending Home Sales numbers!
And I shared some important news about changes to mortgages that will be happening soon. A big thanks to Frank over at New Penn for the heads up on this stuff. Please check out Pending Home Sales July 2011
And in case you missed them, please check out the latest Market Snapshots for Upstate SC: