Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I think most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we discussed the current real estate market with James and Lauren Cronmiller and how having a team is a benefit. . This week was full of great current events: Ally Bank Filed for Bankruptcy Protection. So a mortgage lender owned and funded by my tax dollars can file for protection from creditors but if I do it I cannot get a mortgage for several years. I am not sure that makes sense on any level. Should the $2 billion loss (soon to be $4 billion) at J P Morgan be a reason for tighter rules? I am not sure that more is better but maybe better is better. Fix the problem don’t just slap another regulation in place. More intriguing is the fact that the CEO will still get his $23 million bonus. Seriously? Finally foreclosure filings are down to the lowest level since 2007. If however you read between the lines they are down in the hardest hit areas and now are gaining in areas like PA and NJ.
Today we have the opportunity to spend an hour with Joseph Willse or New York Life. Joseph is a graduate of St. Joseph’s University (no relation). He also has his MBA from New York University’s Leonard Stern’s School of Business. Joseph’s passion for people, community and finance has made him a great success in his field.
Please join us live at www.wbcb1490.com for the open discussion with Joseph as we explore mortgage lending as another tool in the financial planning shed. .
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.