LOB? IDK!

| Friday, January 24th, 2014 | 3 Comments »

cara with HauschkaI’ve been a Seahawks fan since I was a kid. I remember going to the Kingdome with my grandpa back in the 80’s to watch them play. Steve Largent was my absolute idol. Other girls had pictures from Seventeen Magazine in the clear slipcover of their binders but not me. I had Steve Largent. Yes, I’m one of the millions of fans who want nothing more than a championship for our guys!

So you can imagine my embarrassment when the now infamous interview with Erin Andrews and Richard Sherman ended in Sherman yelling “LOB!” and I had no idea what he was talking about! I was so close to calling my husband to ask for a translation.  After  a few minutes I figured out the acronym and saved myself the agony of hearing the husband call me a faux fan.

But it got me thinking: how many times do I throw around acronyms that I just expect my clients to know?

Here are some of my go-to acronyms:

HOA: I can’t help myself. I’m obviously too lazy to say Homeowner’s Association.

CCR’s: I think I secretly like the band Creedence Clearwater Revival so it just seems cooler than saying Covenants, Codes and Restrictions. Basically it’s the thing that keeps your neighbor from painting their house pink.

CMA: Comparative Market Analysis or Competitive Market Analysis (or Country Music Awards….sorry I am hooked on the new show Nashville). A CMA helps us brokers analyze the current market in a certain area.

FHA: I’m not a loan officer but I do need to know a thing or two about the lending business. Sometimes I just don’t have the time to say Federal Housing Authority!

PITI: Pronounced “pity” because it is. In regards to your loan it stands for Principal, Interest, Taxes, and Insurance. Such a pity when it all adds up!

MLS: As much as I like sports I’m not talking about Major League Soccer. Instead the Multiple Listing Service is the database that agents use to list and search for properties. The properties on the MLS then filter out to every other real estate website.

FSBO: For Sale By Owner. As a real estate broker hopefully I don’t use this acronym too often!

PI, PB or PS: If you see this next to a property online it means it’s already under contract. PI is pending inspection, PB is pending back-up and PS is pending short sale.

REO: I do love me some REO Speedwagon (“I Can’t Fight that Feelin Anymore”), but in this case it stands for Real Estate Owned…by a bank. In other words, a foreclosure.

IDK: This stands for “I don’t know.” I don’t have to say it often, but if I don’t know the answer to your question I will always find out for you!

SBC: Hopefully this is the acronym we will be able to use after February 2nd…SUPER BOWL CHAMPIONS!! GO HAWKS!

Oh and LOB? LEGION OF BOOM!

Photo details: Yup, that’s me and my son Cash with Seahawks kicker Steven Haushka!

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3 Comments

  1. hannah says:

    Ha! Great post, I’m laughing.

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