| OurBroker 
Follow
Befriend (15)
61 threads
174 comments
Silver Spring, MD
OurBroker's website
Followed by 0
Following 0
Ignored by 0
Ignoring 0
Ignore OurBroker
Aliases
In United States
Registered Dec 02, 2010
|
Peter G. Miller is a nationally syndicated columnist who writes about real estate, economic and personal finance. He also writes for various online sites and is the author of seven books (one with a co-author), all originally published by Harper & Row.
OurBroker's most recent comments:
- On 17 Sep 2012
in
Scumbag CA Department of Real Estate tried to block first amendment rights,
OurBroker said:
Hi --
Most state real estate commissions and departments have long had a rule which restricts real estate advertising to "newspapers" and publications owned by brokers. In 1991 or 1992, when I created the Real Estate Center on America Online, I had my attorney contact three states with such rules to ask if it would be lawful to have an online display of properties for sale (in effect, one of the first online MLS systems). As we did not charge to post listings the answer in all cases was yes. However, within our letter was a clear statement referencing First Amendment rights and the idea that the Internet was merely a technological extension of print media.
We believed the rule was impossible to enforce, especially since the Supreme Court had struck down professional advertising bans in the 1970s. It's difficult to imagine a state attorney general defending such a regulation. - On 12 Jul 2012
in
Something I don't understand about Short Sales,
OurBroker said:
>>>a safe bet is that the owner's next option will be to stop paying, squat, foreclose and both parties will lose.
That is the only leverage the borrower has. With foreclosures often taking a year or more, and with the financial outcome of a foreclosure unknown, lenders are increasingly accepting short sales. - On 12 Jul 2012
in
Something I don't understand about Short Sales,
OurBroker said:
The bank wants the highest possible price because that will produce the smallest possible loss. If the loan were being fully repaid the bank approval would not be required.
|
