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Whew! That Bailout Almost Destroyed the Housing Industry - 09/30/08 04:48 PM
Interesting Perspective!! Matthew Ferrera at mfseminars.com is usually ahead of the game when it comes to realestate and tech. I wonder if the new version of the bailout (obviously coming this week) will be as disastrous. We need to watch closely. Via Matthew Ferrara: Whew! That was a close one! Good thing that bail out failed - it almost wiped out the entire housing industry! Only in the United States Congress can a plan to destroy the housing industry and credit markets be called a "rescue" plan. It's almost as farcical as calling "card check" bill that effectively kills secret voting for unions (2 comments)
If My Mortgage Lender Fails, Are My Renton Home Payments Still Due? YA THINK!!! - 09/27/08 02:58 PM
If my mortgage Lender Fails, Are My Renton Home Payments Still Due? Yesterday, I got asked this twice. Once in person and one was a call to the office of the Gary McNinch Team. Of course both people who asked this were mostly laughing. Like there is ever a chance we don't get to pay our mortgage!?!. Thursday, federal regulators seized mortgage lender Washington Mutual. Since WAMU is local this is a monstrous hit in our local economy. That aside, the Seattle-based thrift became the third "big name" lender to close its doors since July, joining IndyMac and Lehman Brothers. In (3 comments)
WHY DO THE BANKS DO SUCH A TERRIBLE JOB OF SELLING FORECLOSURES?? - 09/17/08 11:37 PM
This post was written by Lenn Harley in Virginia. It answers the questions my buyer clients in Renton have been asking since we made a strong offer to buy a foreclosure in Federal Way. We made the offer 5 weeks ago and no in the bank will respond. Lenn hits the nail on the proverbial head. Thanks for helping all the clients of the Gary McNinch Team at www.RentonHomeFinder.com. Via Lenn Harley: * * * * HARD CORE REAL ESTATE TALK * * * *FAX THE OFFER TO 222-555-8888. YOU WILL BE NOTIFIED OF ANY DECISIONS IN 2-8 WEEKS.Over the past (2 comments)
Letterman on Fannie Mae and Freddie Mac ... Can You Even Guess?? - 09/10/08 01:54 AM
So Renton home buyers and sellers and also my great friends on the Active Rain web network. I'm blogging along tonight and Letterman is on in the background. Letterman says "I'm so tired of this Fannie Mae and Freddie Mac story, but it is taken care of now.... (of course I'm thinking about the US government bailout to stabilize our markets and bring down the interest rates) But Letterman was somewhere else altogether.
Ready for this ???
"I'm so tired of this Fannie Mae and Freddie Mac story, but it is taken care of now.... Ya sure?? (3 comments)
We all go our separate ways in our daily lives. Busy, hurrying, being distracted, our own thoughts. As I was coming home today, I saw a large construction crane. On the very top was an American Flag. Looked small from the ground, but was higher than any other point in this area of Renton.
So it got me to pause and think. What does it mean to be an American? How did we get here? What battles have been fought over the generations to keep us here and free? How will our nation look in 100 years, (4 comments)
Fannnie and Freddy-the government bailout is on! - 09/06/08 10:34 PM
Mortage and loan info for Renton home buyers and those thinking of selling a Renton home from Paul McFadden, Renton loan officer. As one of the good lenders, Paul is always watching the financial news and paying attention to what it means to our clients that buy and sell Renton Real Estate. This article is about the takeover of Fannie and Freddy ... I think Paul is right on with this time frames for recovery. Another reason to work with (hire) a real estate and loan professional.
Via Paul McFadden: Good morning! I picked up my local paper this morning and (1 comments)
Gary McNinch is a real estate broker, blogger, retired State Trooper and mentor from Renton WA. His passion is helping his clients buy sell and invest in homes and commercial properties in Renton and the South Seattle area. Gary mentors new agents in listing and sales of homes and the extensive use of social media and new media marketing. Gary is affiliated with Better Properties Real Estate.
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.