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Everyone knows there are a ton of foreclosures and other “distressed” properties that mortgage lenders are coping with lately. I have written about using a short sale, one of the methods employed by many to deal with their crisis. In summary, (more…)
Obama wants to makes changes to the $75 billion loser program “Making Home Affordable” that might make things even worse. http://tinyurl.com/yh9agzn
Personally, I am fed up with this administration throwing money away for nothing. As the article states (from the typically liberal New York Times), the changes will likely shift the focus of the program from those who might be able to get back on their feet with a little help, to anyone who can fog a mirror with their breath. It will only prolong the foreclosure crisis by temporarily reducing the number of active foreclosures, which will no doubt be heralded as a major victory by the White House Administration.
We need to remember that the current economic crisis was caused by fifteen or twenty years of government intervention into banking and finance. In the name of votes and ego gratification, that will apparently never go away, unless we vote them out. Thank you Massachusetts!
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I was going through some papers last week (okay, I was cleaning up my junk pile) when I came across an article written by John Adams in the AJC. It was called “Inside Advice” and titled “2008 prognosticators show existing home sales going up”. (more…)
| No President Has Ever Bowed to a Foreign Leader — Until Now President Barack Obama’s bow to the Japanese emperor Saturday — following his bow to the Saudi Arabian monarch in April — is creating a humiliating new precedent. Until Obama, no president of the United States in the more than 230 years since the country was founded in 1776 had ever bowed to a member of royalty. |
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Our job as professional Realtors® these days is to listen to all the excuses people use to put off buying a new home. “The market will keep going down. The interest rates are staying low. The windows are a little dirty. There is no reason to hurry in a buyer’s market. I’m looking for a $350,000 home for about $140,000.” I’m sure my fellow agents can come up with a few more. It would be hilarious if it were not so tragic, watching people wring their hands in “analysis paralysis” while the deal of their lives slips away before their eyes. (more…)
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If you, like many people today, are faced with a mortgage which is delinquent or about to become delinquent, you may qualify for help from Uncle Sam. The Home Affordable Modification Program (HAMP) was enacted in February 2009 (more…)
STATE OF GEORGIA
Sonny Perdue
GOVERNOR
For Immediate Release Contact: Office of Communications
Thursday, September 17, 2009 (404) 651-7774
Statement of Governor Perdue Regarding the Department of Human Services Contract with ACORN (more…)
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The most astute appraisal of President Obama’s performance to date. If anyone sees an error or an exaggeration in the below please bring it to my attention.
One of Bob Oster’s CEO friends wrote this. Bob respects him highly. (For those on this list who don’t know Bob: he was CFO of Oracle when it went public, also CFO of Syntex, and holds a Ph.D. in economics from Berkeley. Since 1987, he has been an angel investor and private VC. He is on the Board of Overseers at the Hoover Institution.) (more…)
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The Helping Families Save Their Homes Act of 2009 signed into law on Wednesday, May 20th, 2009 (Pub. L. 111-22) provides a 90-day notice requirement and additional protections for tenants in foreclosed properties. (more…)
