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I hope this Labor Day finds you employed and making all the income you need or want. Me With all the economic news, how can anybody filter it or know how it is going to effect them? I just want to reiterate a couple of points as we begin to approach the real annual ” Holiday Season” If [...] The sooner the better. HUD Secretary Shaun Donovan said on CNN’s “State of the Union” program this weekend, “The July numbers were worse than we expected, worse than the general market expected, and we are concerned. That’s why we are taking additional steps to move forward. Donovan said it was too early to say for sure, [...] The congress has extended the home buyer tax incentive closing date to September 30th. For everyone that met the initial guidelines and was under contract by June 30th but were unable to get the transaction closed, you now have a few more months to get the deal finalized. Mostly this applies to short sales since anyone [...] Homebuyers in California have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both tax credits a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010 and close escrow by June 30, 2010. Buyers who are not [...] No, not if you don’t have to, but foreclosure is for the uninformed, or those who just don’t care. The short sale option is the only way to go if you can’t get a modification that you can afford. Sell the place and find yourself a nice rental for a short time and then take advantage [...] It will be nice to see housing start a slow methodical climb. Former Federal Reserve Chairman Alan Greenspan says U.S. house prices appeared to have bottomed out but were still fragile and that the country would not be out of crisis until prices stabilized. While the economy is recovering, worries linger about continued weakness in the housing and [...] Interest rates are incredibly low- historically low. REO’s and short sales are all over the place - FIND SOMETHING. The largest expense in your lifetime and you can get a real bargain. You know what the worst part of this is? In 5 or 10 years 90 % of you will be saying I wish I had, [...] Foreclosure is passe. Nobody does those anymore – they are for previous generations. We are in a position to make this a reality. Short sales have become the largest category of distressed property transactions, accounting for well over a third of these transactions, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. I [...] Have you seen this video? It is making it really tough to figure out how best to help our clients when this kind of garbage goes on. |
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