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CNN just reporting that talks with Chrysler's lenders has broken down. Evidently Chrysler will be filing for bankruptcy protection today. This is a sad day in automotive industry. The fate of 54,000 American auto workers are in question. Obviously this news will be impacting today's stock market. It appears that it this may be attributed to bad business practices, an over extended purchasing power, the lack of sales, product line and probably many other failed policy decisions. Let's say that a supplier, a tire company, provided Chrysler with $10,000,000 of tires. With the bankruptcy protection, all of this money will be put on hold. (14 comments)
A couple days ago my husband told me he couldn't mow the yard for a few weeks. I thought that he just wanted to play golf and forget about mowing our overgrown yard which is relatively small. Golf is his past-time and golf courses in Sun City Grand are pristine almost all year long.
Under the mower he found that a quail hen had laid seven eggs. The quail eggs were tiny, oval in shape about an inch around. I just love animals and the wildlife. Yes, he had a great day of golf. Living in a Phoenix Arizona (23 comments)
In searching for current Surprise Arizona listings of short sale and lender owned properties, I found that of the 1,329 properties listed, 655 were either short sale or lender owned. That's 49% of all properties listed! Was I surprised, not at all. 643 of those properties were located in communities that are not adult restricted. There are four adult communities (55+) in the City of Surprise, Happy Trails, Sun Village, Arizona Traditions and Sun City Grand. These four communities contain almost 13,000 properties. There are no short sales or lender owned properties listed in Happy Trails.Sun Village, with a total (8 comments)
Do You Qualify for a Short Sale? - 04/25/09 06:55 AM
Clip notes of a Short Sale Via Frank & Sharon Alters, ePRO, GRI Fleming Island FL Real Estate (Watson Realty ): The original concept of a short sale is when a home sells for less than the mortgage(s) on it and the homeowner does not sign a promissory note or bring money to closing. Many homeowners in Orange Park and Fleming Island have not one, but two or three mortgages, including a home equity line of credit. You may be considering a short sale, but the question is - Do You Qualify for a Short Sale? Not every Clay County homeowner does. Here's (2 comments)
Via Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Lincoln Square Chicago): Has it worked? The objective of the original $750 Billion Troubled Asset Recovery Program, passed by Congress at the insistence of the Bush Administration last fall, was to jump start lending at the largest banks in the U.S. According to an analysis by the Wall Street Journal, as reported by David Enrich, Michael R. Cittenden, and Maurice Tamman in last Monday's Journal. it didn't work! Indeed, the total loan volume by lenders who received the most TARP money dropped in three of the four months (0 comments)
Phoenix and Mesa, Arizona - SRP Offering Rebates for Air Conditioners or Heat Pumps!! - 04/23/09 12:48 AM
Thank you Teri for reminding us to check out the SRP rebates when replacing a heat pump or ac unit. Via Mesa, Arizona Real Estate *** Teri Ellis, Broker, ABR,CRS,GRI,ePRO,MRE (Homes Arizona Real Estate LLC): Those of us living in the Valley of the Sun know just how much we rely on our air conditioners to keep us cool in the summer. SRP is offering rebates ranging from $200 to $400 for customers who replace existing heat pumps or air conditioners with “qualifying” high-efficiency central cooling systems. The rebate starts May 1, 2009. In addition, qualifying new systems placed in service from January 1, (0 comments)
Buying a Bank Owned Home - 04/21/09 10:13 AM
When purchasing bank owned properties buyers should be cognizant that it may or may not be be a good buy. Buyers should extrapolate the cost of repairs prior to making the final decision as well as the time and aggravation involved . In many cases, a non-bank owned property may be the "sweet deal". Having an experienced Realtor will truly assist the buyer in successfully closing the transaction. Via Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty):
In a recent article I wrote about buying a foreclosed home or potential foreclosure property, I discussed the various ways in which you could obtain ownership of a (2 comments)
HEY MOM! WHERE'S FANNIE MAE? LOAN MODIFICATION - THE NEXT CONSUMER SCAM SCANDAL! - 04/20/09 07:53 PM
Upside down on your mortgage? Lenn Harley describes some recent scams. Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate: * * * * HARD CORE REAL ESTATE TALK * * * * LOAN MODIFICATION - The government's failure to help home owners is an open invitation to scam artists to swindle home owners out of what little they have left. George Souto post an interesting article today about mortgage modification spam by e-mail. Of course, that's not the only venue for companies offering mortgage modification services these days. These scam artists are crawling out of the woodwork. There are about 15,000,000 home owners at risk of losing (0 comments)
Via Overland Park Homes for sale and Real Estate :: Michael Russell (Overland Park KS Realty Executives ): If you are a first time home buyer and have not purchased your home yet you should consider filing an extension. By filing an extension you can claim your $8000 first time home buyer tax stimulus credit on your 2008 tax return. Why wait till 2009 to get your $8000 tax credit? Don't know what the $8000 tax credit is? Don't know if you qualify? Get all the information you need right here.
Now that you have your $8000 tax rebate information Click (1 comments)
I was showing Sun City Grand homes this morning to some prospective buyers. My buyers were from New York and were amazed at the sight of a costume attached to a Saguaro Cactus. It must have taken a whole lot of time to secure the Easter rabbit decoration, gingerly - as not to get pieced with the sharp thorns. I am a little more fearful to the cacti on the left since I've gotten poked when I passed by one too close. After (15 comments)
Via Phoenix High Rise and Loft Condo Expert, Will Daly at www.WeKnowUrban.com (WeKnowUrban.com): The Arizona Republic reported today that the developer of Centerpoint Condominiums, the two high rise towers off Mill Avenue in downtown Tempe, is closer to finding a financial solution to its bankruptcy and the bankruptcy of its construction lender Mortgages Ltd. The plan calls for the developer to borrow another $43.3 million to complete the two towers over the next three to five years. I assume that the reason for the extended completion period is due to the current slow real estate market and an intention to only spend the (0 comments)
SHORT SALES PRIMER - BACK TO BASICS UPDATED - 04/11/09 01:45 AM
I've just listed a short sale property and have received a bit of inquiries about the short sale process. Richard has carefully articulated information regarding a short sale. Via Richard Zaretsky, Florida Real Estate Attorney (Richard P. Zaretsky P.A. ): Short Sale Primer For Brokers, Sellers and Buyers A Primer - Since I wrote the Short Sale Primer the short sale methodology used by lenders has morphed several times. It is a different animal than it was almost 10 months ago. The passage of time requires that the original article, which was very popular (thank you) be revised to reflect new policies by (0 comments)
A new beginning in Surprise AZ - 04/11/09 01:03 AM
Crescent Crown distribution facility will certainly be a great start to rebound the sagging economy in Surprise. Via Jim Little, Your Sun City Arizona Realtor (Ken Meade Realty): I wrote an announcement here in July 2007, Crescent Crown Distributing is now open in Surprise. This enterprise distributes Miller and Coors as well as many boutique and exotic beers. Perhaps more important, the huge (250,000 square foot (that's over 5 acres folks)) warehouse is only the first to occupy the Surprise spur of the Burlington Northern Santa Fe Railway. This opens the doors to many more national and regional distribution, and is an important contributor to (0 comments)
The Legacy of Your Online Presence - 04/10/09 09:31 AM
Sally says it so eloquently. Via Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate (Century 21 Liberty Homes):
Your reputation in the Real Estate Industry (or life in general) takes a LIFETIME TO BUILD... and your online presence can enhance your reputation...or tear it down. That's totally up to you in how you handle yourself and what you desire to achieve for your online presence. Why are you here? We the people, the members of ActiveRain, write with the intent to give information to the public (and our peers) about our local areas and Real Estate, Loans, Staging, Home Inspections and so forth. We (0 comments)
Via Mirela Monte, Your Myrtle Beach Real Estate Connection: CEO -Chief Embezzlement Officer. CFO- Corporate Fraud Officer. BULL MARKET - A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET - A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING - The art of buying low and selling lower. P/E RATIO - The percentage of investors wetting their pants as the market keeps crashing. BROKER - What my broker has made me. (3 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.