An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

A NAR board member tells (almost) all

For this week’s Houses in Motion, a miniseries that is part of HousingWire Daily, we spoke with Lisa Dunn about the pressing issues in real estate, including disclosure of agent commission.

Mortgage

Sold! Home offered for an iPhone 6 sees quick sale

Seller gets the best of both worlds

After his offer to swap his two-story brick house on Detroit’s east side for a new iPhone 6 or a 32gb iPad went viral on Tuesday, the seller's house sold and he's received an offer to have an iPhone 6 donated to him. 

The Zillow article explained that Andreas Gindelhuber originally bought the $41,000 foreclosed home on Detroit’s east side in 2010, hoping to make some money on it as a rental property. When Gindelhuber’s tenants left seven months ago, he owed $6,000 in county property taxes. He hired a local agent, Larry Else, to sell the house. Per Zillow:

“I’d be willing to trade it for an iPhone 6 or an iPad 32 GB,” Else remembers Gindelhuber telling him.

“If you’re serious about that, I think that’s a really good idea that would make this listing stand out,” Else said.

Else wouldn’t share the sale price, but said it was less than $1,000, to a buyer who lives a block down on the same street.

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

Mortgage execs better prepare for redlining enforcement

Since Rohit Chopra was confirmed as the new director of the CFPB in September, there’s been one particular word on the lips of mortgage executives. And it gives them chills: redlining. HW+ Premium Content

Oct 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please