Archive for June, 2010

Refuel Your Energy Tanks For the Second Half

June 30th, 2010
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All too quickly, we have arrived at Half Time. With the tax credit now behind us, and 6 more months before us, it seemed like a good time to take a couple of weeks off and get in some R & R. We’re off to the City of Eternal Love, Rome. Have you ever noticed the clarity of purpose that occurs right before a vacation? I don’t know about you but checklists sprouted everywhere…on my desk, my kitchen counter, in my purse. One by one, everything got done. It’s 11PM now and pretty soon, I’m going to need to take my own advice and get a good night’s sleep. Read the rest of this entry »

Strategic Defaults and Decreasing Rates

June 25th, 2010
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Fanniemae takes a hard line on Strategic Defaults

On Wednesday, Fanniemae announced a Major Policy change with regard to borrowers who can afford to pay but simply walk away. Underwater, but able to pay, this group tends to be well educated with higher than average credit scores. Read the rest of this entry »

Using Social Media to Stay Relevant With the Times

June 18th, 2010
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There’s a new voice answering the phone on the Kate Wilson Team this summer. Meet Ashley Scotting, my granddaughter, and Social Media Guru. Last weekend she graduated from Trinity School at River Ridge and this fall, she’ll be off to earn an engineering degree at college. I’ve watched in amazement for years as she text messaged at the speed of light, conversed with four friends at once in a chat room on Facebook, while listening to her iPod and downloading new tunes at the same time. One day, a light went on for me and I realized that if we were going to remain relevant to a new generation of homeowners, we’d better communicate via their preferred method. For a few short months, Ashley is bringing the team into the Attention Age, where social media have now become a requisite tool for effective and relevant sales and marketing efforts. She spends part of everyday re-connecting the team to MIA clients via Linked In, Facebook, Myspace and other social media sites. She also manages and monitors several Google Ad campaigns that are bringing us together with great new clients. Considering employing some social media in your business? Hire a teenager to show you the ropes. We’re glad we did. Read the rest of this entry »

US Senate: Home Buyers Tax Credit Deadline Extended!

June 17th, 2010
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Washington, DC/Rochester, NY – Word that the US Senate passed an amendment to extend the closing deadline for home buyers who qualified for the tax credit pleases realtors.

The original deadline date of June 30 has now been extended to September 30.  Read the rest of this entry »

Rates Are Low and Minnesota is Taking on the NMLS

June 11th, 2010
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“In the land of the blind, the one eyed man is king!”  -Erasmus.  With an oil spill in the Gulf, an economic meltdown in Europe, and a Volcano in Iceland making recent headlines and sending the stock market on a roller coaster ride, it would be difficult to predict exactly what might impact the markets next.  In real estate, those who know half of what is going on will be in a better position to help their clients succeed than those who don’t understand what direction the market is headed. Read the rest of this entry »