Is "discrimination" the right term? - 06/28/08 11:03 AM
Google's start page allows you to customize a homepage. I use it often as it allows me to be at any computer and use a consistent set of tools and links from that page. One of the gadgets I added to my start page a few weeks ago was a gadget by the License Professor of http://www.licenseprofessor.com/  I figured this would be a good way to stay abreast of terms I don't always use and I could learn something new.
One question a few days ago was regarding discrimination. When I starting reading the question I immediately thought this would be … (1 comments)

Negative Equity? - 06/26/08 02:34 PM
I'm sure not many people have ever heard the term "negative equity". Let's discuss what it means to me.
I'm told, and from what I read quite frequently, that many people in states like Florida and California are finding themselves "upside down" in their mortgage. The term "upside down" means they owe more on their home than what it's worth because they paid an amount higher than what it's currently worth. Upside down sort of means you have "negative equity".
Positive equity, good. Negative equity, bad.
Being upside down isn't typically a problem unless the home owner has a rising "adjustable rate … (1 comments)

Short Sales - 06/25/08 04:08 PM
Many people in western Kentucky probably aren't familar with something called a "short sale". It's not something you'd really want to be familar with. I receive at least one spam email regarding short sales every day. They are a big source of income for real estate agents in these states with high foreclosure rates.A short sale occurs when you are facing foreclosure and you have a buyer offering an amount less than what you owe the lender. This may be because the real estate market has changed and the value of your home has decreased. You and an agent approach your … (5 comments)

 

Bill Dunn

Paducah, KY

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Elite Realty Group

Address: 4645 Village Square Drive, Suite 157, Paducah, KY, 42001

Office Phone: (270) 444-6522

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