Buyer's are still buying homes in North Texas -- Remember That The Media thrives on NEGATIVITY, so call your Realtor or Loan Officer before you decide to do nothing!
No, the sky isn't falling and the credit crunch didn't get worse....!! The problem is reporting like this. Jay Gormley with CBS 11 News pretty much told all of North Texas that they can forget buying a home. The loans are all GONE!!! And if they aren't GONE, then the financing can be yanked out from under the borrower in the 11th hour.
http://cbs11tv.com/local/real.estate.mortgage.2.836975.html <= see the article if you wish
I sent Jay Gormley an email after reading his article.... And he called me within minutes!! A VERY spirited debate ensued and it pretty much ended up with us agreeing to disagree.
I would like to add that as 'spirited' as the chat was, Jay was very respectul and professional.
Now, I do NOT doubt that he did his research.... But after reading the article, what do you think Joe Six-pack is thinking right now? Do you think Joe will even pick up the phone to call a loan officer or realtor? I DOUBT IT!!
We all need to make a concerted effort to show these authors the positive side of all of this. We need to show Joe Six-pack that there aren't any more hoops to jump through than last year!!
Who's with me?!?!?!
Please Re-Blog!!
Tom Burris
DallasLoanGuy.com
Dallas, TX"Your Dallas Mortgage Consultant"
http://www.dallasloanguy.com/
Texas Home Loans Dallas Mortgage LoansI write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!! Subscribe to My Blog and stay informed about current lending changes!!
While I personally focus on Texas Home Loans and First Time Home Buyers.... I do lend in other areas. We are in about 46 States and adding programs to bring full service to an area near you.
Tom,
What Jay said is most likely true! True, that is for the two sources he quoted.
Journalist, today follow the Samuel Clement's model to fame and fortune. Sam was a great reporter, but do you remember any of his articles? No! But, you know many of his alter-ego's. Mixing a little fact with outrageous fiction we all still know and love Mark Twain!
Good try and a great post.
Bill
I'm with you. We are still selling houses, people are still getting approved for loans & we are still CLOSING deals. AMAZING! KM
Tom, good for you in being pro-active. Honestly we have not been hit like the rest of the country here in Texas but our clients sure don't know that from what they are hearing on television.
Tom.... did I go back in time? Didn't you write about this same issue before? I think so, because I think I mentioned it & featured it in a post of mine. What happened to link love? lol
Seriously though.... this should be mentioned again and again... we need to get this message out to the general public..
Bill: The sensationalism of it stinks.
Kim: I think it irked Jay that I tried to disagree.... geez.
Marchel: Many think they cannot buy....
Jeff: I deleted it by mistake. I was able to recover it because someone re-blogged it. I lost several posts because I jacked up my blog yesterday....
I like some of your articles on activerain and I'm going to put a national referral group together at www.realestateloans.com within the next few weeks with some contacts accross the country.. I'd like you to consider joining my group. REL has just opened up their domain and I think its going to be great for us.
Mike Rogers http://mikerogers.realestateloans.com/