Danielle Brown Interviews Aubri Knight
January 2012
Danielle: What does a relocation coordinator do?
Aubri: We work with relocation companies on assignments and transferees. They are placed with specially trained agents that handle relocation clients.
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Danielle: What is corporate relocation?
Aubri: We help companies and organizations with transferring employees.
Danielle: How can a rookie agent help people they know with their relocation needs?
Aubri: A rookie agent can ask their sphere of influence or new customer if they need help anywhere in the country, with their real estate needs. We are apart of the Cartus Broker Network. It allows us to refer to network members. They are highly trained agents that insure superior service. So the rookie agent or experienced agent will have confidence that their friend or family member will be in good hands.
Danielle: Do you like your job?
Aubri: Yes. It is a very flexable job, and allows me to work 7 days a week from the office or home, and I love being able to help people.
Aubri Knight
Danielle Brown
Please call
Please Contact
1-888-892-7373
Real Estate Intern Danielle Brown interviews Helen Polito about the ERA Home Protection Plan by American Home Shield Warranty
Danielle Brown
Danielle: What is a home warranty?
Helen: A home warranty is to protect your home’s systems such as your heating, air conditioning, electricity, plumbing, and built in appliances. This warranty will repair any of the systems if they are damaged by normal wear and tear.
Danielle: How do new agents inform their clients about the availability of a home warranty?
Helen: If you are the seller you may purchace a home warranty at the beginning of the listing, at the closing, or any other time during the listing period. If you are the buyer your buyers agent may ask for it in the offer to purchace.
Danielle: What kind of things does a home warranty cover?
Helen: The home warranty covers heating, air conditioning, plumbing, electrical inside of the main dwelling.
Danielle: Do you offer training for rookie agents?
Helen: Yes. We offer training at any time.
Danielle: Do you enjoy working with ERA Knight Realty?
Helen: Yes. Rick is a joy to work with, along with the other agents. They are all very helpful and give good guidence.
If you would like to contact Helen Polito
Main: 1(800)800-8880
Ext. 6725
If you would like more information about becoming an intern at ERA Knight Realty
Please Contact
(704) 892-7373
2011 ERA Knight Realty Top Producers
Mortgage Interest Rates September 2011
By NICK TIMIRAOS of the WSJ
The Federal Reserve’s decision to reinvest payments from mortgages in its portfolio into government-backed mortgage securities signals a renewed effort to help consumers take advantage of interest rates that have fallen to their lowest levels in decades.
Wednesday’s announcement follows recent talks between the White House and federal regulators to ease hurdles to refinancing for borrowers whose loans are backed by Fannie Mae and Freddie Mac. The Fed said its action “would help support conditions in mortgage markets and contribute to a stronger economic recovery.” The central bank hopes that by restraining the supply of mortgage-backed securities in the hands of private investors, it will support their price and thus push down the yields, which could trickle through to borrowers in the form of lower mortgage rates.
WSJ’s Nick Timiraos reports the Fed’s decision to reinvest payments from mortgages into government-backed mortgage securities signals a renewed effort to help consumers take advantage of interest rates. Photo by David Paul Morris/Getty Images
A $1.25 trillion program of mortgage-backed securities purchases by the Fed, which ended in March 2010, is widely believed to have had that effect. Its holdings of those securities have since fallen to about $885 billion.
The Fed won’t increase its overall portfolio of mortgage bonds. Instead, it is simply taking the cash it gets when bonds in the existing portfolio mature and reinvesting it into other mortgage-backed securities.
“This is a way of saying, ‘We are going to also foster low mortgage rates, and if the market isn’t interested in buying them, well, we will buy them,’ ” said Keith Gumbinger, vice president at financial publisher HSH Associates.
In recent weeks, the prospect of a refinancing wave has sparked concerns that mortgage markets would face a glut of newly issued bonds, particularly as those held by the Federal Reserve are paid off. “Who’s going to buy all those mortgages if the Fed isn’t buying them?” said Jim Vogel, an analyst at FTN Financial. “There was that possibility of an oversupply.”
Teachers, Law Enforcement officers and Firefighters may qualify for 50% discount on a HUD home.
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
How the Program Works
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.
How to Participate in Good Neighbor Next Door
Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.
HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement. The number of properties available is limited and the list of available properties changes weekly.
Info from HUD. If you think you may qualify please contact an ERA Knight Realty agent at 1-888-892-7373
