Another week

All things being equal, which of course we all know never happens, this has been one of those weeks. I can't say it hasn't been interesting, but I can say it has been remarkably unproductive.

The week started off looking like we had just stepped into summer, bright skies, very warm temperatures, and birds singing.. Then yesterday it turned nasty again and it is damp, windy, rainy, and definitely uncomfortable.

This isn't unusual, but it looked so much like spring turning into summer that I put away all my winter clothing. Now I have to go find some it again. Bah, Humbug!!

Yesterday we had a class at the Weichert office. We have them periodically my broker is big on education. The topic yesterday was net sheets. A net sheet is a form where we list/calculate all the fees and charges that a buyer or a seller can expect to have to pay.

For the seller it includes all the mortgage, lien and tax payoffs, and for the buyer it includes the mortgage, points, prorated taxes, fees, etc.

Normally this is a set of straightforward calculations and addition. The kicker this time was the added wrinkle that the seller was four payments in arrears on the mortgage, We of course had to calculate the payoff balance with the added late fees, for both the first and second mortgages, It was surprisingly difficult to calculate compound penalties, Lots of variables in interpreting when and how to apply the penalties.

Somehow we (the twenty agents that were taking the class), all seemed to come up with similar results, note I didn't say the same results,, just similar Fortunately we weren't being graded on our results, just our technique.