Phil Found This Article

Thursday, August 30th, 2007 | Investment, Money, Real Estate, The Economy | No Comments

Phil was able to find this little article that might give folks some positive insights in the mortgage market. Some might think their options have run out, but not so fast! You might enjoy reading this short article.

http://calculatedrisk.blogspot.com/2007/08/subprime-borrower-refi-options.html

In Good Times and Bad Times

Monday, August 27th, 2007 | Investment, Real Estate, Statistics, The Economy | No Comments

I was reviewing the real estate sales for the past few months and was very disappointed with the recent sales volume. As a business owner and real estate agent, I am aware that there are cycles in the market. These home sales are the worst we have seen in a long time.

What does that mean? It means opportunity!!!! Every time there is a change in a market there are losers and winners. If you think you are on the losing side of this market, plan to get to the winning side. Even if you have lost your home and all your savings, you can still be much better off economically in only a few years if you get creative and start looking for opportunities. Many of the most successful business people have lost big in their lives, learned from it and got back into the fray. Colonel Sanders closed his restaurant when he was 65 years old. He only had a chicken recipe. He found a way to more than just get back on his feet. He build Kentucky Fried Chicken into a national brand.

A lot of people will be doing well in this economy. Be one of them! If you are having trouble figuring how to make things better, contact us. We may be able to give you a few ideas.

There are always those ready to scam

Monday, August 27th, 2007 | Money, Real Estate, The Economy | No Comments

With any increase of volume in any market, comes those who take advantage of others for profit (scammers). With the increased numbers of foreclosures, we are seeing just that. Kicking someone who is down, just isn’t right!

Here is the link to the article

Ask a Question

Wednesday, August 22nd, 2007 | Questions | 2 Comments

Feel free to ask any real estate related question in the comment area of this article. All comments are monitored before posting. Your e-mail address will not be public information.

We will reply to your question via email and may post it, if it appears to appeal to our subscribers.

Phoenix is doing better than Dallas on Foreclosures

Sunday, August 19th, 2007 | Money, Real Estate, Statistics | No Comments

For all of you numbers crunchers, here is an article that lists the highest foreclosure metropolitan areas in the country. One interesting statistic in the table is the ratio of foreclosures to performing loans. This statistic might give you a better reference of just what is happening.

California cities fill top 10 foreclosure list

The Real Story on the Mortgages Today

Saturday, August 18th, 2007 | Investment, Money, Real Estate | No Comments

You have undoubtedly been hearing about foreclosures and mortgage companies closing their doors. The article linked below is the best explanation I have seen that non-professionals will easily understand.

Credit contagion

A Change in the Market?

Thursday, August 16th, 2007 | Money, Real Estate, Statistics, The Economy | No Comments

In the world of mortgage finance you have probably been reading a lot of gloom and doom. One of the great things about our country is its ability to adjust and make changes in the market place to fit consumer needs.

Here is some interesting news

Lender Changing Attitudes

Thursday, August 9th, 2007 | Money, Real Estate | No Comments

In the past when a borrower was late with a house payment the phone calls would start to roll in from the lender. At first they would be a friendly reminder such as ” We have noticed that you haven’t made your payment this month, for your convenience we can go ahead and make one right here on the phone”. Well that was fine but if the borrower didn’t have the funds that wouldn’t work to well. After a month or two the calls would continue and they also get nastier until the threatening calls and letters would start and ultimately the official foreclosure notice and total non cooperation from the lender. That was then and the below article explains what is now!

http://money.cnn.com/2007/08/03/real_estate/kinder_gentler_lenders/index.htm?postversion=2007080613