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Flood Insurance Interview on Lykken on Lending

Flood Insurance Interview on Lykken on Lending

I was happy to be on the mortgage podcast, Lykken on Lending with my friend David Lykken and the Leader of StopFEMANow, George Kasimos today. George had some great facts that will show how the issue of flood insurance premiums have skyrocketed for no reason and that the politicians need to be pressured to right the wrong. Please listen, comment and especially, help the cause! http://www.blogtalkradio.com/lykkenonlending/2014/02/17/2-17-14-special-guests-fred-glick-george-kasimos-on-stop-fema-now Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

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Stone Age Douchebags

Stone Age Douchebags

How dumb do you think we are. Real estate agents now have what are called pocket listings.  It’s when they have a home for sale that is not in the multiple listing system (MLS), even though they signed the MLS agreement to share. So how do buyers find out about them?  They are usually the buyers that the agent knows.  Therefore, not only are they making much, much more commission without any competition, they are pricing the house at basically whatever they feel like.  They have not put it out to get the seller more money (especially in a hot market where people overpay) but they could be, as nice as I can put it- screw the buyer on the price. Now, the “listing” agents have a new thing.  This is when someone says to them that they are thinking of listing, but would only sell if they got their price and so the agents are now calling other agents to see if they have clients that would be...

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Flood You!

Flood You!

Our friends at #FEMA  are not the best at mathematics or costs analysis. Having played ice hockey with Wharton MBA students  and professors for years, I can come to the conclusion that you should not spend $1,470,000 for a home worth $183,000.  Gee, am I smart! One Biloxi, MS property valued at $183,000 flooded 15 times over a decade, costing the program $1.47 million.   Another in Humble, TX. has resulted in over $2 million in flood payouts even though it was worth just $116,000. Read about it by clicking here. http://www.motherjones.com/blue-marble/2012/11/sandy-climate-change-fema-flood-insurance The solution to the overreaching, unjustified flood insurance price increases is not to get more from people that can’t afford it, but to reform the system, the agency and the politics. The battle rages on today with the probable passage in the Senate but the House and POTUS have indicated as of now that the bill will not pass or be signed.  Please share this with the media, friends, family…put pressure on your Congressperson and the White House...

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It’s Lawyer TIme for Secret Agents

It’s Lawyer TIme for Secret Agents

After reading this article and years of thought, discussions with other professionals and my push for consumer fairness, I am considering finding one of my clients that was locked out of a pocket listing to sue. I’ll put it out here so you will know: agents have secret listings that are not shared with other agents for one reason and one reason only: GREED. They want to sell and represent both the seller and the buyer and make more commission. This is what is called dual agency. It’s like having a layer represent both parties in a dispute. Now back to my point. My client AND the seller did not get the benefit of having the home available to everyone that may want it.  It hurts the seller because they are not getting the best price for their home because any and all buyers did not get to see it. We all are skeptical about no bid government contracts, right?  This is the same thing. It’s time to squash this...

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