where-everyday-us-costs-are-cheapest-and-priciest

http://realestate.yahoo.com/promo/where-everyday-us-costs-are-cheapest-and-priciest.html

Hey, here’s a link to the lowest cost areas to live in the United States. This could be critical to someone who has just lost their home to foreclosure and is seeking to move to a lower cost state or city.

Be advised that this information is not endorsed by me nor have I researched the cities and states that have been recommended. I offer the above website as a possible starting point for research.

Also check www.cantsellmyhome.com if you’re having a problem selling your home.

Good luck!!

New Source for up to $2,000,000 loans for real estate agents, mortgage brokers and real estate investors – hard easy two 2 million loans no seasoning money high ltv

Loans for up to $2,000,000 to buy real estate available. This is a new source and is easier to qualify for than the $10,500,000 loan packages that some of you have contacted me about.

You will need two years of real estate experience. In addition, if you are a “real estate dealer” that may actually help you seal the deal!

You can use this loan to buy properties at low loan to value and resell them within 6 months. Rates are very good and will generally support the debt service on the property.

Qualifying isn’t incredibly hard, however, you must be realistic. After all, this IS a multi-million dollar loan!!!

This loan was found via a personal relationship that I established about five years ago! Speaks volumes about networking!

Help is on the way!

God Bless!

STOP FORECLOSURE ! SELL YOUR HOME FAST!

Hello friends,

This week activity in the financial markets was shocking.  The Federal Reserve and the Department of treasury are handing out approximately $200 billion per day to the money center banks in the United States.  This is fine, if the government feels this will actually help the economy.  But the average observer like myself needs to look at this with a very skeptical eye.  After all, the United States government has continued to tell us that our country cannot afford health care for every American citizen.  Yet, about $3 trillion has been spent already on government bailouts of corporations that have mishandled their financial affairs and some cases may have been fraudulent.  So what’s really at hand here.

 

I really have to think that the United States government is simply in existence to help major corporations and major banks that are headquartered in the United States.  They really is no other reasonable alternative.  After all, there has been no substantial bailout of individual homeowners in United States.  Not don’t get me wrong, some homeowners are at fault themselves for Conti on risky mortgages and mortgage interest rates that had almost no ceiling as they continue to adjust upwards.  But big banks and financial institutions have been rescued again and again.  We even see Hank Paulson, calling a meeting with worldwide bankers in an attempt to halt the mortgage crisis.  So why is the government so aggressive in while leaving nothing on the table for the average American family.  The backdrop here is that unemployment is at a seven-year high and by all accounts will continue to skyrocket as 2009 approaches.  Yes, it seems the a global meltdown is upon us with no help inside to the individual homeowner, American families, or American workers.

 

Should we be mad as hell?  Absolutely.  But who should you be mad at?  Is a Congress for allowing Fannie Mae and Freddie Mac, almost unfettered discretion in the types of loan products, but they purchase, thus allowing the financial markets to become overly aggressive with 100% financing and no money down products?  Or maybe you should be upset at Fannie Mae and Freddie Mac themselves for not having the wherewithal to regulate their own conduct.  Given the fact that they are government-sponsored entities, a kind of quasi corporation, they should have been looking out for the American people.  But obviously weren’t.

So where does that leave you and I?

 

Well, if you’re one of the people, who is about to lose her home, but I’ll suggest a couple of things to you.  First, if you miss the mortgage payment, contact your mortgage company immediately.  As I said before, there is no one to help you.  You are absolutely on your own.  Speak your mortgage company and let the know the situation.  Perhaps they will work with you on a payment plan, or some type of recapitalization to help you save your home.

 

Now, what if you can’t save your home by talking with the mortgage company and you already late by two or three months with your payments.  I would suggest going to a web site such as www.cantsavemyhome.com

At least there you’ll have some hope. With Bush or McCain, there is no hope at all. That is painfully clear. Be sure to vote!!! Our economy depends on it!

HOW TO RENEGOTIATE MORTGAGE IN BANKRUPTCY

The first thing to remember when you’re trying to renegotiate your mortgage is that you’re bargaining power is somewhat decreased.  If you have missed payments or in some way are in default on your mortgage it helps to be able to explain exactly why you have been late or are in default.  Good reasons include medical bills, increased adjustable interest rate, paying two mortgages, or being transferred to another location for your job.  If you’re paying two mortgages that may get the lender’s attention, because many people were in foreclosure these days have the same situation.  That is part of a risk profile that lenders are now looking for to deny current applicants who wish to purchase homes a mortgage.

 

Of course it’s not your fault, if you were transferred through no fault of your own to another job.  However, the fact you’ll be paying two mortgages definitely increases your risk of default on your previous primary residence.  With all of this said, speak to the loss mitigation division the bank.  That is currently holding your mortgage.  The other ones who can deal with you directly and find a solution.  They are actually a different options that you have when you are in default.  You can find out on my blog as well.

 

I’ll write more on renegotiating your mortgage early next week.  We negotiate in your mortgage when you’re in bankruptcy is especially tough, but it can be done.  Speaking with you a bankruptcy trustee will be critical to renegotiating your mortgage.  Of course, I’m sure you know that you don’t need a lawyer to file bankruptcy.  And if you don’t have money to pay mortgage.  Then you definitely don’t have money to pay a lawyer.

I’ll write more next week after a researching give you an update.  God bless

Who Will Help The American Taxpayer Avoid Foreclosure?

 

This week so Wall Street marked the first time in America’s history that we see no one is there to help the American taxpayer.  I can remember law school and going over a case one time that an American taxpayer was referred to as an “ ordinary taxpayer”. This shocked me then and it still shocks me now.  The American taxpayer is central to the operation of government, the free enterprise system, the real estate markets, interstate commerce, intrastate commerce, and in fact drive the engine of the biggest economy in the world.

 

A severe paradigm shift is going on right now in United States.  The world is watching as the United States government continues to bailout major corporations, money center banks, and insurance companies that have tried to game the system and lost.  Essentially, what is happening is profits have been privatized and losses have been socialized via the United States government buying into major corporations and banks with equity stakes that are essentially free money to the corporations and banks.  We have certainly begun the era of the socialization of major corporations in United States.  So much for a free market economy, solving all of our ills.

Where is Larry Kudlow? He was always so eloquent in speaking about the United States free market economy, which was the envy of the world.  Republicans spoke about the need for markets to regulate themselves and pull the wool over our eyes, as corporations like Halliburton, Bear Stearns, J.P. Morgan, and Lehman Brothers made obscene profits, which were distributed to shareholders directors and CEOs, while ordinary Americans saw jobs outsourced to countries like India and the Philippines.  It was only of time before the effects would be felt by the American economy and the American people as results of this large outsourcing of jobs over the last 20 years.  The chicken has indeed come home to roost.

 

What is to be done now?  Are the ordinary taxpayers, fed up enough to throw out their congressmen and senators?  Are they fed up enough to prevent a 27 year Republican Senator from becoming president?  Are the ordinary taxpayers in United States fed up enough?  We’ll find out in about 20 days.  What needs to be done now, however, is a massive overhaul of the financial system in United States.  That is occurring as we speak via the stock markets, dramatic decrease over the last two months.  What that means for you, the average homeowner is that you must try to sell your home in a declining market, where you almost certainly lose money.  All is not lost.  You can go to companies like http://www.cantsellmyhome.com/ and sell your home to them.  So you can get out of your mortgage and save your credit.  In fact, Congress has passed legislation that will enable you to take a loss on your home and not have to pay extra taxes on that loss.  This was not the case in 2007 2006 or 2005.  So while you may lose your home, you will still have the ability to save your credit and perhaps salvage your dignity going forward.

 

When you go to http://www.cantsellmyhome.com/ on speaking with someone within two hours of your submission.  You’ll get an accurate assessment of how they can help sell your home fast.  They have a nationwide network of investors, real estate agents, lawyers, and CPAs, who can help you accomplish your goal. Now to be sure, you have to be open-minded.  We are in a worldwide financial crisis, which calls for creative solutions between all parties in order to make your home sale goes through smoothly and without a hitch.  Even when you think everything is smooth however, there may be a problem lurking in the background that you’ll never see until you have gone forward in substantial way with your home sale transaction.  Don’t be afraid.  They will walk you through everything, because they’ve been there many times before.

So as the election nears, and the financial crisis worsens, if you need to sell your home fast and stop the headaches of rising interest rates, perhaps a vacant home that you can’t rent, or you just tired of the headaches,  visit http://www.cantsellmyhome.com/ to assess your situation. The web page is very basic but efffective. Just fill out the form and you’ll be on your way to solving your problem even if the United States government won’t help you.

I hope this is hopeful.  Let’s work towards friction your problem and making life better for you and your family.   God bless you and your family.

The Economy Continues to Slide – Homesales Continue to Slow

Well, President Bush has done it again!

Abou three months ago he proclaimed that the economy wasn’t in recession but WAS in a “slowdown”. Three cheers for the Yale education you’ve got Mr. President!!! You’ve talked the economy into a real mess…..not to mention the war in Iraq and the lies you and your administration told to get us to to believe that Iraq was somehow related to 9/11. Seems like everyone has forgotten about all of that. Well, so much for my political ramblings……

We’re here to talk about real estate and the state of the market. To say the least things aren’t looking good at all. Congress needs for the July 4 parade without passing legislation to help homeowners and solve the foreclosure crisis.  What the hell are they thinking?  This is truly the time to hold Congressman accountable for their lack of action.  The economy is a meltdown and what do they do?  They help bail out big banks like Bear Stearns and at Lehman Brothers, before they help out regular everyday homeowners.  Meanwhile gas prices are about four dollars a gallon and olio is ready to hit $150 a barrel!  That’s right $150 a barrel!  The economy is really in a down slide and what do the legislators do?  They go home, eat hot dogs and hamburgers, and continue to do nothing.

Who will help the American taxpayer?

It’s hard to remember a time in the last 20 or 30 years that parallels the economic times that were currently having.  The only time thing that comes to mind is Jimmy Carter’s presidency and how he failed so miserably regarding the gas crisis.  Interest rates were high gas prices were rising but I don’t remember home prices deteriorating like we’re seeing now.  Make no mistake the foreclosure crisis is probably the single biggest event in our lifetimes that will have a profound impact on how the future.  Just how long will it take us to get out of this housing crisis?  What new laws and legislation will be put in place to assure that big banks and mortgage companies don’t continue to peddle fraudulent loan products to consumers? Perhaps fraudulent is too strong a word for some of you.  However, in my opinion, the mortgage companies and big banks knew, or should have known, that these mortgage products would blow up in the face of most ordinary consumers who were faced with an inordinately high interest rates on mortgages after the interest rate adjustments started.  Our homeowners at fault?  Sure, homeowners probably have some fault given the fact that almost no one reads the fine print on the mortgage when you’re in the lore is office and ready to sign on the bottom line to get the keys to your new home.  When the lawyer handed you your paperwork while in his office and ask you to sign right here, did you ask him what you were signing?  Do you yourself read every word on the printed pages that you were signing to be assured that you weren’t giving the state custody of your children by signing the paperwork?  I don’t know one person other than the mortgage broker who reads mortgage paperwork before signing.  Hopefully that will change.  

What can be done realistically right now to stop the foreclosure crisis?  Well the government could come in and pass legislation to literally rewrite the loan terms of every mortgage that is currently in foreclosure.  Though that wouldn’t help everyone and probably shouldn’t help everyone since there are many investors that have mortgages and those investors don’t have the same interest in a property that they homeowner who actually lives in it has. The homeowner simply wants to build a home for their family the investor wants to make money.  The investor is supposed to be of a higher knowledge and skill.  So if she doesn’t read or mortgage and gets bitten by higher adjustable rates, I’m not sure we should help her.  But if a regular homeowner gets bitten by the same higher adjustable rates, we definitely should do something to come to his rescue, especially when it becomes a nationwide problem as it is right now.

Hopefully Congress will see fit to actually pass legislation that helps homeowners.  You don’t see Congress putting together a grand scheme of lies, bringing Colin Powell on the stage with elaborate slide shows and graphs indicating the depth of the mortgage problem.  There is no media campaign to rally public sentiment against the big banks who, in many cases have fraudulently stolen the homes of tens of thousands of families.  It’s funny how we can put together a major media campaign to link Iraq and Saddam Hussein to the 911 attack, but we can’t launch a major media campaign to bring the same $300 billion to assist American homeowners.

For a moment while writing this I almost forgot that I was living in the United States.  What a country.

Just Another 14% Drop in Home Prices….Largest in 17 Years…..Nothing Major? Or is it?

Look at this report from the Associated Press…..

U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.

Standard & Poor’s/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988. The quarterly index covers all nine U.S. Census divisions.

Prices nationwide are at levels not seen since the third quarter of 2004, according to Maureen Maitland, a S&P vice president. However, the index is still up 60 percent versus 2000.

Two narrower indices set record declines in March versus the previous year. The 20-city index tumbled 14.4 percent, the lowest since that index was started in 2001. The 10-city index plunged 15.3 percent, a record in its 20-year history.

“There are very few silver linings that one can see in the data. Most of the nation appears to remain on a downward path,” said David Blitzer, chairman of S&P’s index committee.

Nineteen of the 20 metro areas reported annual declines, with 15 of them posting record lows. Six metro areas lost more than 20 percent.

Las Vegas had the worst performance in March, falling 25.9 percent from a year earlier, followed by Miami and Phoenix. Only Charlotte, N.C., stayed above water, gaining less than 1 percent over the previous year.

Last week, the Office of Federal Housing Enterprise Oversight said home prices fell 3.1 percent in the first quarter, the largest drop in its 17-year history and only the second quarter of price declines recorded.

The OFHEO index is narrower in scope and is calculated using mortgages of $417,000 or less that are bought or backed by Fannie Mae or Freddie Mac. That excludes properties bought with some of the riskier types of home loans.

 NEED TO SELL YOUR HOME FAST? Go to http://www.cantsellmyhome.com/index2.html right now. Operators are standing by.

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