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August 10, 2018

Refinances are dead, Foreclosures slow & Reverse very slow

Filed under: General Articles — admin @ 11:30 am

Every type of loan is slow or dead right now.

My suggestion is to learn to do what Carmen and I call “general Notary work.” That means just notarizing random documents for people. This requires knowledge of how to handle notary situations and I suggest specializing in hospitals, jails, and business documents as well.

So, now you know why your phone isn’t ringing. The higher interest rates are making it very inauspicious to borrow money. However, things always change. What goes up must come down. If interest rates go up, eventually they will come down and you will be showered with work if you maintain your skills and your profile. Good luck.

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  1. I have been saying to incorporate General Notary Work for over 5 years.
    It pays better and faster and is less work.
    It requires the distribution of hundreds of business cards; then your phone will ring again.

    Comment by Kenneth Alan Edelstein — August 10, 2018 @ 9:17 pm

  2. I live in IL and I am still getting refinance jobs, but YES, it has slowed down. Be careful with POA’s! Some people want them for mom who id on her deathbed and doesn’t know what she is signing. Gotta remember that we cannot ethically compel someone to sign against their will or understanding.

    Comment by Betty Dedman — October 8, 2018 @ 8:09 pm

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