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One Man’s Foreclosure…

One Man’s Foreclosure…
Home life …is another family’s opportunity. With all the foreclosures happening one would think the worst of the situation; the economy is falling apart, taxes are rising, bailouts are turning into fail-outs. However, these financial downturns allow for new opportunity among new and potential...

Cheaper Mortgages for Everyone!

Cheaper Mortgages for Everyone!
Mortgage Crowd Freddie Mac reported in a weekly survey that the average rate of many different types of mortgages are down a little this week, and further down from rates one year ago. It’s these types of small windfalls that are helping the economy stay afloat. Just to spit out some numbers: • 30-year...

Why home ownership is STILL powerful

Why home ownership is STILL powerful
Home StrengthGrowing up, I was taught what home ownership stands for. It means empowerment, a chance to grow personal wealth, and a chance to have a bigger voice in your community. In light of the current market “crisis” the public has begun to question the basic idea of home ownership. In spite...

Buying your home- your purchase contract and where to spend on extra protection

Buying your home- your purchase contract and where to spend on extra protection
Home Protection You are prequalified and you are ready to find your home. What happens next? First, if you have not already chosen to do so please let me recommend that you choose a real estate professional to assist you with your buying needs. It is always to your benefit to have someone dedicated to...

The Mortgage Process Explained-Lending

The Mortgage Process Explained-Lending
Pre-approved In spite of the attention the mortgage industry has received over the past year the process of actually getting a mortgage is one that continues to baffle most of us. I hope to clarify some of that for you today and offer some tips and tricks to help ease the inherent stress that seeking...

Riding the Wave of Failure

Riding the Wave of Failure
Wave Lemmings                 It’s funny to see trends or waves on society. From the fashion trends to political opinion, there are bandwagons to hop on all over this great country. What is it about the wave riding mentality? Do people assume that if the Jones’ are doing it then they...

Bank Lending Tightened Through Mid-2010

Bank Lending Tightened Through Mid-2010
tighten belts The Federal Reserve announced Monday that most banks expect their lending to remain pinched through the second half of the year. The only exception being mortgage standards; which has already been loosening in recent days. In this latest survey of loan officers by the Fed, about 20% of...

Fed Receives $2.3 Billion of Commercial-Mortgage Request

Fed Receives $2.3 Billion of Commercial-Mortgage Request
Handout Market investors asked the Federal Reserve for $2.3 billion of loans against mortgage-backed securities created before this year. This is an expansion from $668.9 million in its financing program’s first round a month earlier.  The Central Bank did not receive any requests for newly issued...

On the Rise

On the Rise
Services                 Existing home sales rise 7.2%. This could be signs of a self correcting economy, or that people are not as destitute as one would think. This author predicts the housing market to rise a little more and then stabilize at least on a very non-cataclysmic level. We...

Technology Driven

Technology Driven
AZeinstein                 For years the real estate market has been fueled by the MLS which has in turn been guided by the NAR (National Association of Realtors). The MLS is a huge database of homes for sale that could mainly be accessed by only real estate agents. However, with the advent...

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