U.S. lenders cut deals to avoid foreclosure crisis

Wednesday, January 23rd, 2008 | Money, Real Estate, The Economy | No Comments

Once again Phil found an interesting article. I looks like it might be time to negotiate with your lender if the payments are tough to handle. This article could encourage some of that are discouraged and don’t know what to do about your high mortgage payments.

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One Real Fact You Must Know About the Real Estate Market

Monday, January 21st, 2008 | Real Estate | No Comments

Information is critical when making decisions. The accuracy of vital information can mean either success or a disastrous failure. In my many years as a business owner and consultant I saw why 80% of new businesses fail with 5 years. Believe it or not, one of the most common causes of these business failures was that the owner didn’t know enough about his profit. I remember one of my clients had two different products and wanted to discontinue one of the items because he believed he wasn’t making money with it. After some analysis we found that not only was the product he wanted to discontinue making a profit, that product was making up for huge losses occurring from the other product.

You all know my interest in real estate. I spend hours every week in a class or other event that might possibly further my knowledge base. This past weekend I attended a seminar and was introduced to a magazine. It is a bi-monthly publication titled “Personal Real Estate Investor.” The publisher, Andrew Waite, wrote an article in the January/February issue page 11. The article “America, We are being Misled” addressed the foreclosure market information which he believes is incorrect and distorting the mortgage foreclosure situation here in the United States.

One real fact that he uses to make his case is that 94.4% of all mortgages are current! Andrew is nice enough to quote his source – Mortgage Bankers Association 12/06/2007. I suggest you find a copy of this publication and read the whole article.

How important is reading this article? If you check your 401K or IRA stock values, you will probably see that as of Jan. 21, 2008 your investments have fallen 10-20% in the last week! The outlook for stocks opening tomorrow is grim. Another 200+ point fall is expected looking at the world market.

Successful investors do the opposite from the crowd. The housing market holds some excellent opportunities simply because so many people believe inaccurate information. Look Out! This means opportunities for the informed.

Countrywide customers likely won’t see sweeping changes as a result of deal

Friday, January 18th, 2008 | Investment, Money, Real Estate | No Comments

Phil was kind enough to send me this article.

By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) — If you’re among the millions of homeowners who are customers of Countrywide Financial Corp., you’re probably wondering how the sale of the troubled lender to financial-services giant Bank of America Corp. affects you.

The answer is, link